RE: It ain't over yet !20 May 2021 11:59
Penny & Xenor;
The only thing I would say is that if you’re only thinking about 2022 then maybe you’re right, the bull run might end and we might retrace, but why would you think so short term? Also if the highs are a lot higher then so will be the corrections.
Look at every run up and every correction and then look at the behaviour of each recovery. What about 2032? Argo isn’t only a bitcoin miner and diversification will be key for the bear markets. Another thing to consider though, will there be another bear market like we’re familiar with of times gone by? Retail investors alone can’t prevent one, but billions upon billions of institutional investment may well just do that. I think also people have grown wise to the patterns, every correction recovery builds confidence. The first major correction would have felt like the end, the second would have felt like “well we’ve seen it before we might recover”. The third major correction, we’ve seen this twice “buy the dip”. Fast forward to yesterday? “This is nothing new, I’m buying”.