Member Info for Phoebus

I'd rather than than the COMEX, especially as the whales are long. They ultimately want the price a high as possible.

Wails v Whales. Love it LB.

Also, what's the best way to get hold of a tightly held share that you think will re-rate massively? Take it thorough the roof and then drop it hard. Holders dump their shares and go running to mommy and then you win.

Big boy pants. Love it. I agree. While it's never easy to see a stock you're invested in retrace like this, I think it's important to remember why we have all invested here, and in size in many cases, and also why many people are trying to talk this down for a low entry. A lot of us firmly believe that we are in the midst of a major bull cycle in the crypto sector, which should last at least for at least the next 6-9 months and we recognize ARB as an excellent vehicle for investing in that bull run. Although the current SP consolidation is difficult for those in at all averages we must look past this short term turbulence and focus on what is to unfold over the rest of 2021. My profit is down quite a bit obviously, but I will be holding strong here as I have rarely been so convinced that a much higher SP is ultimately inbound than I am with ARB right now. Eyes on the prize folks. GLAH

And that comment is directed at Bigboot88.

Incorrect. What you meant to say is, what a disaster your own 'investment' strategy is. You got in too late and now you're having a pop at the company for your own incompetence. You need to own your own mistakes instead of blaming others.

At $42K BTC was a bit above the stock flow forecast line, so it makes sense that it wants to consolidate. The support line is forecast to be at the current BTC price in about 3 to 4 weeks time so BTC has a bit of time to consolidate. In yesterday's Crypto Zombie video they looked at levels where BTC whales had been stepping into the market and buying big. One of these levels coincides with the current position of the stock flow model at around $28.5K, so that level should provide very strong support for BTC. Any dip to those levels would likely be very brief followed by a sharp strong bounce and either further consolidation sideways or an immediate move higher. Ultimately I expect BTC to be moving strongly higher by the end of Feb.

Whimax, there is a lot of truth in that. In too high for a quick turn and now panicking out.

Spot on Mozax.

I think it's just a case of poor timing with the placing as BTC looks a bit weaker short term. Had they done it a week earlier the shares could have been churned through while BTC was moving back up from the Jan 11 low. If I'm not mistaken the US listed stocks rocketed after their placings, which were done a week or two earlier.

Mark, you're full of shyte. Regarding ARB you previously posted:

'I have invested heavily in ARB'
'Given that is it is up by approx 10% I think we will be opening around the 112-115p mark.'
'I think so too. Minor blip until it starts moving up - Just look at the huge after hour buys.'

No mention of 10p anywhere. Did you write it under another name perhaps?

Filtered.

Amanensia, yes it is correct. The following trading day, which was the 28th it hit $1.12 and was above $0.90 for almost the whole day. I do check information before I post it.

https://s.tradingview.com/widgetembed/?interval=15&locale=en&style=0&symbol=arbkf&theme=Dark&timezone=Etc/UTC

What price should BTC be then Punter?

Are you up overall Wolves?

Comparison with SOU is nonsense. SOU was an isolated case driven by factors specific to SOU. ARB is being driven almost entirely by an external factor, the price of BTC which has been and is forecast to be very positive during 2021, whilst on a company specific basis ARB looks very good compared with its peers both on a valuation and a corporate governance basis.

ATH on OTC was $1.99, so that's a 50% retrace.

73p is just $1.

Let that sink in.

Steve, if you were already at a massive loss before it dropped today then you clearly thought it was cheap at a higher price otherwise why buy. I'm guessing a lot of money that bought late higher up is panicking out. If you believe in the BTC stock flow forecast then average down. This selling will work itself out and BTC should move higher at some point in the next few weeks or sooner.

Indeed. Very risky to be out when the LSE is closed because just when you least expect it Captain BTC is back!

https://www.youtube.com/watch?v=PirVtiJuvDs