Member Info for Pedrobull

No should be a lot better in Jan, 60% margin Dec is based on average Dec BTC price, what was average maybe $10K

Costs should not have varied much if at all in January, so increased $20K+ average per BTC is all net margin :)

JPM could be talking their own book and selling at the same time, in truth they know as much as anyone else. However big headlines do attract attention.

However ARB mined what was it 2456 BTC in 2020 and sold 2247 of those. I haven't worked out the average sell price but lets pick say $7K that's $15.7M. Net margin again lets say 50% is $7.8M profit?

Now if everything stayed as it is today (it won't) 2247 BTC at $38K each is $85M and you'd assume a higher net margin as costs haven't changed + you've got the 209 carry over BTC and additional held BTC every month. So we dont need $146K in a hurry do we?

Buy long stay happy, Pedrobull

Morning Headancer,

You say - When companies like JPMORGAN indicate a price target 4x the current price inside 12 months you sit up and take notice.

I did not read it as this year, this is a long term target and in my view long term is 5+ years, here is the quote;

https://finance.yahoo.com/news/jpmorgan-sees-146-000-plus-034027776.html
“A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. However, “a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.”

I am new poster but have rea this board for years and lowest buy price on Arb is 4.7p with an average on 8p.

Buy long stay happy.
Pedrobull

So this PINK sheet US price $1.17 so about £0.86

Is that a middle man taking the risk to deliver shares then buy secondary in UK to fill?

And when they get full listing this will normalise?

So this PINK sheet US price $1.17 so about £0.86

Is that a middle man taking the risk to deliver shares then buy secondary in UK to fill?

And when they get full listing this will normalise?

so that $1.17 so about £0.86

is that a middle man taking the risk to deliver shares then buy secondary in UK to fill?

Hi Sean01, I've been in this over a year and at one point been 50% down with average buy price of 8p.
I had a part sell out at 15p and bought back at 13p.
Then I had another part sell order at 60p but cancelled that yesterday as I would only be trying to skim a few quid and get back in again, so decided I'm in for the long haul!