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dr I think you left your caps lock on ;)
haha, selective memory there dr. You and I have had a few bets and you have lost every single one. You still owe a cancer charity a £50 donation remember but you claim you never agreed to pay - what does that say about you?
Anyway it makes zero difference to me what BTC or ARB do in the ST - I am interested long term. End of this year minimum, then next year and then 2023.
It is very difficult to be right predicting any share or commodity in the ST - even Buffet would say that - do you know more than him? But long term one can see trends.
Will you promise not to disappear come end of year / Q1? I cannot wait to discuss annual results and end of year SP with you.
Oh and btw, please explain your qualifications for advising others what to do with their money? None? Thought so.
Twat
drlong what is your year end prediction for BTC and why?
Thanks Monkfish, I jsut try to share my researched pov with evidence unlike DrWrong who says things like further to fall but provides zero TA and is wrong 9/10 times.
I do think BTC may fall further but equally the TA suggests it could go up - it is in a range at the moment and until it breaks that no one can seriously predict it ST.
LT I am confident of BTC success and thus ARB. The investment banks do not set up all these new Crypto departments for it to go to zero. And if it isn't going to zero, given the global QE it is only going one way long term. Not straight up of course, it will be bumpy, but long term the trend is up. Willy Woo here is worth a watch: https://www.youtube.com/watch?v=VpjoyJTTjQU
In terms of ARB well WTFKs to be honest? Retails own a huge proportion and as such it is volatile. I do think many have got scared and sold at a loss. It may go down more. But again LT I cam confident in this company and fundamentals are improving daily:
- c. 2,500 BTC hodl by year end
- Value of hodl? $77.5m at today's price or $250m+ depending on who you read
- mcap - currently £340m
Looking at those numbers unless you think BTC goes to zero this company is woefully oversold IMO. Each to make informed decisions but I would say DYOR and in the case of BTC follow the money - it is all there to see via on-chain data.
Worth noting than when property prices crash i tend not look at the price of my house every day.
I just relax knowing it will come back.
BTC will imho become accepted as digital property.
Down 25% give or take.
Painful yes given where we were end of Feb but actually pretty relaxed as my timescale of interest remains 2023.
I also believe BTC will recover to a new ATH this year and this will impact ARB positively (on-chain data shows supply drying up and significant buy orders at 31.5, 31 and 30 right now providing me with decent hope we hold 30k btc).
If you believe in btc this is less difficult than if you don’t of course. Willy Woo on YT a good place for those on need of some calm.
ATB Argonauts
RC
everup do you really think it could go that low?
jayble completely agree - default default default. not good
Completely agree Devon, another terrible day for SGI investors. some even think this is likely to recover soon (that ramper Pearls) but personally I see no evidence.
Be careful here is my advice. Especially with mgt getting involved with things they no little or nothing about.
oh dear.
or perhaps some of the second half. it is main market.
that said I so agree many 'investors' are not investors in that their timescales are caught between short term traders and LT investors. LT all is fine if you belive in BTC. The company fundamentals are many times better now than they were back in Feb.
I suspect BTC will recover and find a new ATH. As will ARB. The only question is timing. If you need it to happen this week then unlikely. If you can wait a little while I suspect people will wake up and realise the value here currently.
I would agree with that
it is not AIM
Indeed. In such circumstances i fear guns will trump anything. Heaven help us.
On the same theme, worth noting that btc/ blockchain works almost uninterrupted 24/7 365 days a year. What else can claim that? It is an example of the beautiful simplicity of btc and indeed the genius of the decentralised idea.
There is a lot to understand. It is not simple. But the more i learn the more inevitable it seems.
All the info is out there if we are open to seeing it.
Herdie I can only agree with this analysis.
I am not overly familiar with this ramper Pearls but it is clear she is indeed delusional. The worry I have is how she can draw others in with her promises of 5p or even 5.5p!!
Dr thanks for your concerns. I note you are unable to offer any serious discussion or counter any of my fully supported points with evidence or reasoning.
I am an entrepreneur who has made significant wealth in the past 10 years based on research, insight and educated risk. Experience tells me I will make a lot more in the next 10.
The irony is we have spelled it out for you in 'Janet and John' terms but you are so scared of opening your mind you are unable to see a giant opportunity.
oh and BTW I will never advise anyone. I always say DYOR. I explain my thinking with reasoning and sources. Others then then make their own minds up with what to do with their own money.
ok Dr let's discuss.
BTC is not and cannot be a ponzi / pyramid scheme as it has a fixed supply. This is in fact one of its greatest strengths - thanks for highlighting. In fact BTC probably has more in common with one of Pearl's rare stamps than a ponzi scheme.
I do accept that many altcoins (crypto to you) are terrible and definitely best avoided at all costs. But not BTC. Have you done any research into BTC (Bitcoin) btw (by the way)?
Oh and on your gold been around since time began - not true and I am afraid your own ignorance once again defeats you...
In the Beginning: Barter. ...
9000 - 6000 B.C.: Cattle. ...
1200 B.C.: Cowrie Shells. ...
1000 B.C.: First Metal Money and Coins. ...
500 B.C.: Modern Coinage. ...
118 B.C.: Leather Money. ...
A.D. 800 - 900: The Nose. ...
806: Paper Currency.
Full details here https://www.pbs.org/wgbh/nova/article/history-money/ but the key takeout is that money changes as we develop.
Ceefax was around since I can remember but then along came the internet and Google. if I had a choice of 1000 shares in either I would choose Google. Would you not?
Or Woolworth's v Amazon?
Or Blockbuster video v Netflix?
I could go on...
https://www.reuters.com/breakingviews/worlds-most-expensive-stamp-misses-asset-boom-2021-06-09/
I may be a bit off the pace with the fast changing nature of SGI but it looks like another bad move from the SGI mgt.
I feel for the shareholders of this - directors clearly out of their depth desperately trying to jump onto any new fad but missing the mark completely.
...is very much still on.
ATB
RC
Evening all
The company today is significantly stronger than 4 months ago yet the SP is of course significantly lower. It is for each of us to make our own decisions on what to do now. Personally at times like this I revisit my research. Here is my take for what it is worth...
1. BTC is fundamentally a better store of value than gold in a digital world. Money is widely defined as having 6 characteristics - Portability, Uniformity, Divisibility, Durability, Limited Supply and Acceptability - and BTC is better than gold in all but the last of these. And that is changing. For further reading here I would suggest Austrian economics supports this pov.
2. Based on the above point, if BTC merely equals the mcap of gold there is a c. 10-15x upside from here at today's prices. We can also consider future developments to the tech starting with Taproot in Nov to provide further upside.
3. TA suggests BTC is mid Bull run with significant upside to come in H2 2021 and 2022. And on-chain data shows whales accumulating heavily at c. $33k.
4. The Wyckoff Accumulation here
https://www.tradingview.com/chart/BTCUSDT/mbPT2D5V-Bitcoin-Road-To-100K-Wyckoff-Accumulation-Updated/
is still very much in play plus there is the 21 July meeting between Dorsey and Musk at Cathie Wood's sponsored event The-B-Word https://www.thebword.org/c/the-b-word which aims to explain how institutions can embrace bitcoin. Could this kick-start the next leg up? Certainly possible.
5. Broader interest & acceptability continues to increase - whether country adoption (e.g. El Salvador), regional focus (e.g. Texas), institutional interest (e.g. German 'Spezialfonds') or future of payments (e,g, Visa) the direction of travel is clear.
6. The 'more energy than Argentina' FUD is now debunked and ARB is positioned front and centre as a leader in green energy.
7. ARB is stronger than it has ever been with much larger hodl, progress made on Texas, new hires, more machines coming online, greater share of hashrate due to CN shutdown and other opportunities and friendships built with the likes of Saylor and Kevin O'Leary re WonderFI, ie a serious operator.
And of course so much more.
So whilst these are indeed the tough times, it is for me the time to switch out of the message boards, revisit the research and maybe step back and consider why I invested in the first place.
Of course if I was only planning a quick trade then buying in Jan and selling end of Feb was the right move. But, and this is important, I believe in BTC long term and as such I believe that there is significant upside to come way above the current ATH.
Trolls will no doubt come back with their unsupported predictions and deliberate attempts to irritate. They are sad people with agendas and best ignored. Interestingly I have yet to encounter a successful one, whilst there are many successful people invested in ARB.
That is why I remain heavily invested and believe the game
Hi all
Very much still holding. A lot.
This is the toughest time for sure.
Each should make their own decision but as my timeframe is LT (2023) whilst this is painful it is not fundamentally concerning to me.
Do i believe in BTC? Y
Do i believe ARB is an excellent and efficient green miner that has a plan for broader DeFi? Y
Do i believe whales currently filling their boots with cheap btc? Y
Do i believe retail investors are getting worried/ bored and selling / tempted to sell? Y
Do i think we will mine c 2250-2500 btc this calendar yr? Y
Do i think that will be valued at c. $200m+? Y
Do i think our mcap make’s sense given the above? N
Do i think new ATH this yr? If not this year then Q1 2022 IMO
ATB Argonauts- trolls want a reaction and to spread fear. Trust your research
RC