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No worries Dragon, I hope you are right if that means you make good money here. If I am wrong, and we start climbing from here. then I'll say fair do's and call myself a greedy approaching middle-aged cow.
But I don't see that happening in the wake of the FTX scandal.
In YOUR opinion it's time to buy.
Even we see temporary relief rallies which is always the case in Bear markets, I am still not touching crypto for the next 6 months until the real opportunities will present themselves.
My 8-10p target mid 2023 is still very much on.
This is not FA, but buying now seems ridiculous to me (just MY opinion).
What's happening to investor funds if they cannot withdraw? Will they lose their accounts?
I highly recommend watching his latest video today on what to expect with crypto in the coming year:
https://www.youtube.com/watch?v=IfAkPXwnKfI
Like everyone else, I have no idea where the bottom is but if retail investors give up all hope like they did at the bottom of the bear cycle in early 2018, then I don't see why $4k won't be reached.
Imagine however, if Kr1 hits 10p and we have just one more bull cycle around 2025. Even if it's a mini cycle to around $30-40k, this will be once in a lifetime opportunity stuff. I will pile in like crazy but right now, I'm not doing anything for 6-9 months, just sitting back watching the fake relief rallies and waiting.
17.6k broken. Next stop 14k.
I will not be surprised if we see $14k BTC this or next week.
$4k BTC next year looks even more possible now. Stay patient out there.
I don't think by Christmas but certainly by the middle of next year this will be dead as a dead duck.
My target is £2 by the end of next year. Will sell the lot if we ever get to that price.
I said it and I believe it.
It's dead in the water at $20k BTC.
Imagine where it will be when BTC hits $10k next year (my prediction).
It will be in deeper waters than those alien squid creatures that live on the ocean floor!
Unless there is a miraculous bull cycle ahead in the next few months, I do not see how ARB will survive. Infact, my prediction is that we are on the cusp of a crypto Winter.
This is not FA but anyone still holding this garbage I have one simple question.......why why why!?!?
You sound like one of those delusional donkeys who said we will NEVER see sub $20k BTC price EVER AGAIN.
Eeek how wrong they were, as you will be too.
I don't see how this will survive UNLESS BTC suddenly recovers and we start moving above $30k.
However, this is not going to happen. We are in a Crypto Winter. Those who were not here in 2017 have no idea how bad it can get. You think this is bad?? How about a 95% correction like last time? That will value BTC around $4500. If you think that can't happen you haven't been in crypto long enough!!
In my view 5k BTC is inevitable and will present a fantastic buying opportunity. Pity you won't be able to buy ARB as it won't exist by then!
All in my opinion but I think the only reason to hold ARB right now is pure delusion!
Ask yourself...what will the price of ARB be if BTC tanks to $5k sometime next year?
Imo, the business won't exist.
So having a 7p target is like picking any number above 0.
Imo, we WILL see $5k BTC.
Why buy at 7p when you can buy at 0p???
I will buy £20k worth in mid 2023 whatever the price is here - still a big risk as I'm banking on the possibility we see another bull run which is not guaranteed. For now it's not worth a punt until then and impatience will be costly.
Crypto Winter is upon us.
@Muscles12 - why 20 months away?
Calm down Greg, it's up 2p. Just another 200p before you breakeven.
Not financial advice but please remain patient. We are in a Crypto Winter which could last for years, this is not the time to be buying. Consider buying here mid 2023 if ARB is even still around.
I will consider a buy around 3p. But even that will be huge risk imo.