RE: This chat is bipolar20 Apr 2021 13:07
its dry english humour, or sarcasm.
Of course we know the yanks wont save us, nor is it "friendly fire", said in jest no doubt.
The ARB price is clearly following the BTC price. The issues in china over the weekend, coupled with the hyper activity in the crypto market largely by the private investor many of whom are looking for quick wins as they need the money, contrasted by the fact that many cannot afford to lose money, is causing volatility. The amount of private investors in this stock is evident by the number of participants in the message boards compared to other stocks, this is clearly evident at weekends and this weekend in particular there were nearly a 1000posts compared to the majority of other stocks which had next to zero messages posted at the weekend; this type of investing can be compared to gambling, or short term investing and a good argument can be made that at some point this has become a ponzi scheme, though not by anyones intentional design, because ArgoB does generate revenue and a very healthy profit. Maybe a price correction has already occurred last month, I recall buying in late Feb or early March at 2.60 and selling 20mins later at 3.08 (£2.5k profit in 20mins), worst thing that happened to me that was, but the price in the last few weeks seems to have corrected and based on yesterdays activity, Bitcoin needs to hit $57k for Arb to be 2.65; at least thats what happened yesterday.