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May seem like i'm being a tit but is a genuine question, why do people invest here rather than just buying and holding bitcoin? A stock that is totally correlated to bitcoin but has the additional dangers such as share dilution and general bad news seems like it would never outperform bitcoin. This will never go up if bitcoin is going down, but it could easily go down if bitcoin is going up. Maybe i'm missing something?
Possible bounce at this level for bitcoin, just reached last summers low which could be a good support level. However with market sentiment as it is and a recession on the cards, wouldn't hold your breathe. Worth keeping an eye on though.
Ok, so i'm assuming you want bitcoin to go up? As this means argo will go up? So resistance is above and support is below assuming we want bitcoin to be going up! Therefore touching resistance means bitcoin is going down! Do you follow?
Luckybob - As we all know in the trading game the One rule above all others is "the trend is your friend until the end" this downtrend isn't going anywhere until HUGE news changes that. As far as i am aware there is no evidence to suggest huge news is imminent. Therefore we are left to rely on facts rather than speculation. The fact is we have been in a downtrend for 580 days and it is more likely that will continue. If you had the option of placing a £100 bet on continuation of the downtrend tomorrow or huge news and this sky rocketing i think we all know what you would choose.
This has been in a clear downtrend ( and when i say clear, looking at a 2yr chart its a 25 degree straight line ) for 580 days now. 580 days of going down. I check in here once a month at most, for mental health and sanity reasons i would recommend the same for others. This could well come good, the chances of that happening anytime soon are zero. 580 DAYS!!!
Silles - my average is as bad as yours. Agree there is no point selling at this point, we are all p!ssed about this for sure. I've accepted my money is gone and I'm not expecting anything here, still invested and if i break even or atleast recoup a bit that will be a major bonus, but i've accepted defeat here and i believe that for others this would be a good thing to do also for their mental health. Not sure i'd say everyone here is an adult. haha
Obvious question to ask. I have accepted that i have lost my money and the chances of breaking even let alone making a huge profit are extremely slim over the next few years. I just feel like a lot of the people on this board are in denial and will not accept it. Am just trying to help some people question reality a bit, gambling is a serious addiction and people can get themselves into really bad situations mentally. Also i would question you on your time here as you have posted 1223 times compared to my 52. If i was a deramper 52 posts is pretty pathetic.
Looking at this board it is clear that many people are having a very hard time admitting they have lost all their money and that it is over. Believe me, i am not unscathed here. But everyone has been sitting here on the back of one potential RNS that will skyrocket the price (this is effectively just gambling). If you look at the price daily and are getting a chemical buzz running about your body at 7am every morning thinking there might be an RNS then you are addicted to gambling. Denial is the thing that is the classic downfall of a gambler. Let's not kid ourselves with the economy, we are at the very beginning of a very rough ride for a few years at least. Even the best RNS you could ever imagine isn't gonna hold much ground against a failing economy. If you don't think you are a gambler then consider that if you are still in, you have been telling yourself "any minute now" since 0.74 august 2020. On the flipside of all that, if you are still in, your shares are probably worth so little that it's not even worth jumping ship, might as well stay in for that 100 to 1 odds chance. Still better odds than the lottery.