Disagree M-Oz. Those positive on this stock are looking at the BTC price and stock flow charts and understand how the crypto market works. They were very bullish before, and they're still very bullish now.
What's all the flip-flopping for? Take a medium term view on BTC price and position accordingly. Do people really want to risk selling out especially just before a weekend when ARB is offline whilst the cyclical crypto bull market rolls on for another 63.5 hours? Nano-term gain for medium/long term tragedy.
Polkadot on a stormer again last night15 Jan 2021 07:47
Close to overtaking Ripple to become fourth largest crypto or third behind only BTC and ETH if you ignore stablecoin Tether. ARB holding now over Β£1M.
RE: Somewhat surprised at BTC response to Biden speech15 Jan 2021 07:16
BTC is just consolidating after that rapid $14K run up last week. It could bounce again off support or turn and move straight up through $40K. Focus on where you expect the price of BTC to be over the coming weeks and months and the rest by and large is just noise.
Still, it's good to see BTC consolidating within its upward trend. If it takes a few days to do so before moving through the ATH it will make for a more resilient move.
RE: How is this still flatlining??14 Jan 2021 21:11
Seriously, you don't trust the FTSE? You do realise that the UK market is called the LSE and not the FTSE? The FTSE generally refers to the index of the largest 100 companies on the LSE and ARB is nothing to do with that. The LSE is one of the largest and oldest stock exchanges in the world. How long have you been investing?
RE: How is this still flatlining??14 Jan 2021 20:44
I think there is zero chance they would want or even dare to delist from the LSE. Not all brokers allow foreign shares and not all investors are in a position to switch to other brokers so a huge number of UK investors would be up in arms as they would be forced to liquidate their holdings and miss out on future upside. Some have large holdings and some have been holding a long time because they believe in Argo. Delisting from the LSE, particularly at this juncture would be counterproductive and a cruel betrayal.
PIRI made a $200K investment in a DeFi company about a month ago. SP has gone from 4p to 14p on the back of that adding about Β£12M market cap, 25% of KR1s market cap and 50% of the uplift that KR1 has had in the same period. PIRI has no other crypto projects and the SP was dead before that transaction. The associated coins aren't even on any exchanges yet as far as I can see. Ridiculous. Illustrates quite clearly that this would go Krakatoa if it was on the LSE.