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Yes it will definitely go up when you compare Argo’s profitability and mining efficiency with RIOT & MARA. The Market Makers are just shaking the trees with novice weak handers. I’ve seen this happen so many times, and that’s why weak handers need educate themselves on company’s Fundaments and not just the share price action.
I wish all shares were tokenised off the Main Street and go on the blockchain so all the manipulations could be seen I. The off chain data and no double spend I.e brokers lending shares without your knowledge.
Calm down peeps, BTC will definitely go to 100K it’s just a matter of time. DYOR
I have to agree with the poster that I am genuinely fed up seeing amateurs ramping up this share on a daily basis thinking that they can influence the share price. All they are doing is a disservice to ARB and potential gullible noobs who will enter at the absolute high, even if the long term prospect of this share is very bullish.
I was very grateful that my order got filled at 220 even though I had a limit order for 235. This share will roar verily soon as Glassnodes is showing that whales are accumulating and the public companies quarterly results are out soon and someone will declare that they were accumulating, which will push BTC higher and ARB higher. DYOR
A pullback is healthy for the share price as nothing goes up in a straight line. A pullback allows the share to consolidate and move higher and also gives newcomers to jump in or existing holder an entry point, so chill.
Just bought another 5K worth at this bargain price.
It is weird indeed, JPM are shorting the paper market but buying physical silver. They will soon unleash the spring coil when they’ve decide they’ve bought enough physical in their vaults.
For me, I just buy and hold and become a “Rich Dad”.
If you want to know where BTC price is going then Google BTC rainbow chart. We are currently touching Orange, and every time this has happened BTC peaked. So according to the rainbow chart we are only half way to the BTC bill market.
DYOR
But low, sell high used to be the old modus operandi but with the HFT and Algoes, it has changed to “Buy high, sell higher”.
There is a reason why something is low and to be a contrarian and go against all other professionals in the market would suggest that you know something they don’t or that you are more clever than the whole market participant, which is highly unlikely but not impossible.
In my whole entire investing life I’ve only caught one 10 bagger and that was in the Dotcom era (Medi@invest). However, I’m confident that this may be the next 10 bagger for me and the main reason I’m hoddiling is the news of the Nasdaq listing, because this is “inevitable”.
Put yourself in PW’s shoes, why wouldn’t you catch that low hanging fruit to put a rocket in your share price. If he wins, we all win.
Another thing I like about being invested in Crypto via Argo is that I’m not very knowledgeable about the thousands of Crypto out there with their potentials, but Argo does and investing in Argo is almost like investing in a Crypto fund without the worry of loosing my Crypto Wallet or forgetting where I hid my 12 word pass phrase.
Another advantage of holding Argo is that you can hoddle under your ISA and keep Rishi Sunak away from the CGT you would have paid, which is another bonus.
Another advantage of hoddling Argo is that with the 70% profit margin, you are effectively buying Crypto’s 1/3 of its actual market value, and I believe as the Argo share price surges, it will gain a lot of popularity and and more people will FOMO in, which may or may not be a good thing.
Don’t take my word for it, but do your own research.