We would love to hear your thoughts about our site and services, please take our survey here.
The Elephant in the room is the MT Gox situation , there's the potential for the market to be flooded with Bitcoins around the 15th Dec when up to 140k coins are returned to there owners who've been unable to access them since 2014 . so folk who had BTC @ bellow $100 in 2014 are suddenly handed there coins back @ $18k very tempting to cash in even if its only part of the holding . so my call is BTC trades $16k-$19.5k until early to mid Jan 2021 , but once that overhang clears & we clear $21k we should get to $33k-$40k pretty quickly (March /April) DYOR
how do you get a target of $8k in a pull back ? in previous bull runs bitcoin has on several occasions dropped 30% from its then ATH and once dropped 40% which gives downside targets of $13860 or worst case $11880 , anyone holding bellow $11500 is going on blind faith alone and simply not following the maths of previous bull runs . These pull backs have played out time and time again from new ATH in the 2013 & 2017 bull runs . serious question , I'm interested rather than critical of how you come to a 55% pull back figure as I can see no previous history during a bull cycle .
a lot of smart money forecasting a commodities super cycle , almost a perfect storm in many metals , tight supplies have been exacerbated by mine shut downs . also the most likely way governments will choose to get us out of this financial nightmare we are facing is to build build build and build big .
MOT btw :)
I was privileged to be able to join the Zoom presentation of the 3Q results of Hive yesterday . absolutely fascinating to see the additional revenue streams they are actively utilising to boost income . Fruit and veg greenhouse farming as well as selling power back to the grid at a profit at times of peak demand as well as selling outdated equipment back to the manufactures in order to secure sizable discounts on the most efficient equipment . It'll be interesting to see how deeply Peter Wall answers my questions about ARB's plans and HODLING more coins going forward .
in plan B we trust !
stock to flow bang on schedule
https://www.bing.com/search?q=plan+b+stock+to+flow+model&cvid=ff0e549e906b4cd1860499a53fe78313&FORM=ANAB01&PC=LCTS
check out Hive https://www.hiveblockchain.com/ listed in Canada , an excellent company run by a very smart Guy .
this video will help you https://youtu.be/lr5oWk41H90
another excellent video highlighting just how undervalued ARB is to its peers !
https://youtu.be/lr5oWk41H90
I think its safe to say we have electoral fraud in the Uk as well , two blatant examples were 2015 Thanet south were Farage got cheated and several Tories got charged and found guilty although bizarrely the result was allowed to stand . the other was a by-election in Oldham where it was shown up to 100ppl postal voted all for the same candidate from the same house .
even if you don't agree with me Blockchain simply removes all doubt from future elections and makes fraud pretty much impossible, just another one of the potential uses for blockchain very few people have caught onto IMO.
next target is resistance @13.35p then ATH @17p after that its clear blue sky and off to the races in a rocketship ! interesting BTC did almost exactly what I said could happen by hitting $18.8k -£19.2k them pulling back to just about my first target @$17.7k couple of interesting observations * it was a very quick pullback and rebound and secondly it was at the shallow end of what I was expecting , certainly a drop to $15.8k wouldn't have been a big shock . Time will tell but its looking like a lot of BTC holders are strong hands and wont be easily shaken out and along with the buying from institutions and the super rich its possible this cycle wont see the 30-40% pull backs seen previously .
the other thing is Plan B'S stock to flow chart is absolutely bang on target which is pretty exciting , you have to think only a black swan event can stop BTC .
its tempting to sell ARB on a 2x but stay strong , this could go to the moon ,
coming towards the end of the December contracts in gold , 70,000 open contracts , the big banks are desperate to shake some of these out so almost certainly they've dumped paper gold onto the market to drive down the price , I'm not convinced it will work this time . if they cant get those open contracts down below 15-20,000 some banks are in big trouble . Gold and silver could spike very dramatically in December .
looks like Hadron have trimmed there holding , they did have 4.99% now down by .38% or 1,116,250 shares to 4.61%
IF BTC behaves in the same way it did in previous cycles we should hit $18.8k -$19.2k over the next few days , at this point there's a very big chance of a pull back . support @ $17.55k ,light support @$17.3K very strong support @$15.8k then $15.1k .
you can very much make the argument that this time with more institutional and billionaire money the pull backs wont be as aggressive as previous cycles , but if we do get the 25-30% draw downs consider them a buying opportunity . DYOR
watch this guy , he's brilliant .https://youtu.be/vjbpBTwaflM
as i've said before on fundamentals alone ARB below 25p is very cheap , 32p is a more realistic current price .
you can make your own price forecasts by doing some basic maths . BTC @$18000 ARB currently mining circa 125 BTC per month at a margin of 40% . you can then work out the profit @ $55k BTC, $140K BTC or even $300k BTC . but the cherry on the cake is ARB will be producing many more BTC from march 2021 . so potential profits could be significantly more .
ARB IS tracking BTC near perfectly on the one day chart , we cant expect it to tack perfectly on any smaller time frame due to several factors , market spread / small market cap . keep the faith and forget the inter day noise . https://www.tradingview.com/x/cTcLZym7/
with the greatest respect guys don't worry what the price is in December 2020 its just noise , mid -late sept 2021 is when it counts .
If we were been priced realistically even at current $16k BTC a current 125 mined a month annual profit is in the £11m region so a market cap of £100m+ would be far more accurate than the current £24m so imo 32p is what ARB should be trading on today and those aren't even tec/growth stock valuations .
AS a small cap ARB gets next to no press attention , in fact i'll wager very few fund managers are even aware of the company ,so the pool of potential investors at this time is small . just wait until BTC go's through $20k sometime in the next 3 months and people start desperately trying to get on the band wagon . 8p is ridiculously cheap so buy a core position then buy the inevitable dips on BTC pullbacks , by my rather basic calculations with BTC @$16k we trade on a P/E of circa 3 so even @25p the shares wouldn't be expensive imo, I hold 1m @ave price 4.8p tempted to buy more as I can see where ARB could go but that's my core holding for now . come late September 2021 I wouldn't be surprised to see the shares £2+ but there's much that can change in 10months . patience will be rewarded .