Oh dear, K3, the Dow taking us all down including crypto. Usually we come back after people clock fiat markets are worse than the new crypto future as the printing machines start to emit blue smoke.
I'm afraid I'm utterly hacked of with these constant analyses saying we're nearly there with a bitcoin break out. Every single one presages a further fall and or stagnation. So tiresome and with virtually no sign of any serious action other than down. Been this way since February's huge pull back from a very, very brief ATH.
Gross before the usual finance costs to "advisers" the launch on NASDAQ has raised $127,875,000 let alone the new vast market now opened up. I just can't believe this share won't , at some time soar. Even if bitcoin remains static, ARB is still very profitable.
As rubbish these past six months as ARB PIs has been, the position must not be too readily forgotten. The Company remains in a very strong position. Bitcoin is the drag anchor and has been for months. The constant ramping and $100k by year end, now nudged into "well, maybe 2022". This notwithstanding, as potential investors properly DOTOR and see the depth of fundamental value of ARB I expect some improvement. How much? WTFKs.
So your saying American investors convert to sterling to buy NASDAQ shares. Now that seems to me to be the opposite end to a bull's horns! The ADS buyers, to obtain the 10 shares that make up a NASDAQ parcel, sure. They, of course buy as brokers and probably build the fx rate into the parcel. Plus bitcoins mined are traded mostly at the dollar price to add further opportunities to buy ARB shares via a dollar account directly. Like most share dealing these are all paper exercises unless you are buying or selling purposely in a given currency. Ergo a guide to a sum obtainable should you wish to trade, not the comparative rate in any one minute.
For 6 months we've been swamped with bitcoin going to $100k by year end. Week after week of crap forecasts and frankly, utter tripe. Right now I'm beginning to think we are all being played and the PTB have taken full control of bitcoin. Saylor, Dorsey and maybe even Musk taken in and duped like the rest of us. Anybody feel different? Then tell us why. Because it looks pretty dismal right now. With many now saying another big drop imminent but don't worry, it will all come good in 2200....... 79 years on, FFS. $100k, never happen is how just now, I'm feeling. $43k looks enormous, let alone the ridiculous numbers wittered on about with sod all likelihood. Just hope 20k can hold and the hype put to bed. At $20k ARB would still be profitable, just not huge.
How many fud spreaders can one tolerate? China crackdown, FFS. I's the last Friday of September and options are dominating bitcoin pricing with China a fud wagon. Bitcoin price has always been a drag on NASDAQ miners' shares but just as easily a mega boost too. One day or one week or one month is no matter. It's crypto volatility, where fortune for sure favours the brave. Of course there is disappointment, which evaporates as soon as we have a nice rise. Bet that's not far away and NASDAQ remains a great place to be. There'll be time soon enough or celebration in October. For those with cojones. Just not many on this board!
I suspect the Chinese Dictatorship has been dumping bitcoins for most of 2021. Other fearful Governments, of btc's growing influence and fairness, also been confiscating and dumping. Problem for them is it's a finite asset with plenty of takers for their disposals and weak interventions. That's all part of its strength and when these vainglorious political morons' dictatorial behaviour weakens, bitcoin will soar. IMHO. I do like the pre-market demand for NASDAQ shares.
Fudding a gigantic market such as NASDAQ is even more of a stupid activity than fudding ARB has been. As for an anti-climax, FFS. It's a cracking place to be right now. The LONDON MMs have zero influence on NASDAQ. Zilch and it shows already!
NASDAQX finished post close auction? 1.91% up at 124p. Today's London pre-mandatory bid 125p. So closely aligned. Now ARB is listed on a massive market fond of crypto and miners. I see this as an excellent base for a three year old business with superb fundamentals second to none. This afternoon will be fascinating, IMHO.
I am still excited. NASDAQ is showing those who care to see enormous volume. Over two hours yet to trade and bitty chasing $45k is also quite pleasant. The sour grapes and ignorance here today has been gross and stupid. Why bother to have invested if you can't see the wood for the effing tree? Just sell up and leave it to others to suffer for you to then gloat. Fudder muckers. Get it?
All those having the title requirement, borrowed to cash in after 1hr and 20 mins on NASDAQ now sobbing into their beer. FFS, $1.33 up, 8.87% before my eyes. Plus bitty helping out too! Nearly 7 million traded, isn't that circa 51 million of UK shares? In 95 minutes. Breath taking. Look at it, you moaning fools and just go away. I'm enthralled and still so excited to be here. PW seems to have known when bitty was about to move, too!