10% is nothing20 Jan 2021 10:37
Could be worse, been a great rise. Got a small bit left for a 80p top up if it gets to that (average under £1)
Derampers and shorters coming out on this consolidation day to try and plummet the price as low as possible before they exit and the bounce happens.
Great recent RNS, increased productivity with minimal dilution. It's normal for the sp to hit placement region so it's no surprise its very near 80p. It could tag 80 or just below before moving up. No point in risking/trading it for me as you'll maybe increase the holding by 5-10% (the fees arent great either)
And funny the nay sayers thinking that ARB prices aren't correlated to BTC price. Over time, of course they are. If BTC goes to $15k do you think ARB will stay here. Equally, even when major banks reluctantly admit Bitcoin is heading for $153,000-200,000 by end of 2021 - 2022, and it even reaches half of that, that ARB sp be anywhere near todays price?
Look at it's competitors; HIVE, HUT, RIOT, etc. ARB is arguably in a better place than all of them and will have machines producing (with increased capacity) from Janauary - Feb leading to June (Q1/Q2!) and the other stocks (far far greater MCAP) are not in the same position
Therefore, ARB is aggresively expanding and still relatively cheap compared to others in the sector. Great chance to buy in the 80's and even up to 90's as soon £1 will be a distant past.
BTC has to consolidate before the next leg up but $42k is no where near the price bitcoin will soar to in the near future. Just hold, load buy the dip. Set your derisk targets and enjoy a free ride for the next 5 years to see what happens.