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This investment just gets better & better by the week
Keeponlosing it’s not my post. Someone from a Reddit forum posted it. If you read the threads first post in full you would understand why I copied it here
Ultimately I see a lot of upside from here, plan b stock to flow ratio suggests the bear market bottom is around the $60k level. Obviously past performance is no indicator of future performance however the model is yet to break since bitcoins inception, by the same logic we could potentially see a peak of $288k.
Likewise Xenor, I think we can expect the 30% dips or even as high as 40/45% - these are well within bitcoins nature during the bull run (as we have seen historically). The point in which bitcoin comes off 80% and enters a bear market is supposedly predicated around September time or towards the middle of Q4. May I add the bear market low is forecasted to be around current price levels in which Argo is still highly profitable. It’s going to be a great year for Argo shareholders
Thanks for the response RC , cheddar & tymers. I tend to take a lot of posts on Reddit with a pinch of salt but occasionally there are the odd few which can play on your mind.
Precisely my thoughts RC, I think a lot of people fail to envisage where Argos share price could be with a bitcoin price in excess of $100k or even $200k- which in my mind is many many multiples of here - a forecast of £12 by yr end seems more like it to me. I have purchased stock under 30p and also over 230p I believe we are still very early in the bull run & this Argo blockchain journey. The parabolic moves & fomo are real and we are yet to see it.
I am subscribed to the Argo blockchain sub on reddit & follow the posts avidly. I respect people’s views & opinions, i am pretty sure most of us here would be completely underwhelmed with this persons EOY prediction of 350p. It feels like a lot of people don’t understand the magnitude of where we are in the cycle & how high bitcoin can go? Is it me or is this persons 350p target extremely conservative or an attempt at spreading FUD to investors? I would appreciate your views on this, Im personally very bullish on Argo, crypto as whole (since 2018) & have put my money where my mouth is with 90% of my pf in this sector - So seeing EOY predictions of 350p is somewhat deflating. This is the post I am referring to & I have seen others of a similar nature:
Nice Post. I think SP will be around 350p by EOY. Argo has already had a large increase last year so I don't believe another one is imminent any time soon
I don't think argo SP will ever match riot:
A. It's not american and not on the nasdaq (yet)
B. It has 6x as many shares, therefore, its market cap would have to be 6x that of riots, which I believe is unachievable.
I believe that argo's sideways movement, even as btc generally increases, is scaring away many potential investors.
I am going to invest 500 in riot and 500 in mars and compare their growth over the next few months.
No doubt the trolls are working overtime on the syme board to push the price down further after the 30% drop on Thursday. Just the the good guys on the EUA board today :-)
CAW1 you think this will be over tomorrow?
Wow so only 3 trading days left until the next tax year (6th April). I would to think we will receive an announcement before then. Its all coming together
Sharebel are you about to lose a lot of money?
Thank you guys ! it looks as though we are all going to treasure island ;-)
Well it is my 27th birthday today so I am very pleased. Well done to all shareholders, may we all be showered in wealth
Pacha. Thanks for bringing this to the attention of the Eurasia shareholders. An end of Q1 deadline seems like a very methodical approach especially after the various delays the Bod have encountered, it is only logical for them to have certain targets & time preferences in place - & before a new tax year. Good luck to all shareholders, may we all be showered in wealth.
1:55*
When this is over I imagine it to be like this; https://youtu.be/GlCFPo6YYbU
Watch from 1:95
Yes dealer I agree please be over soon, we have all been very patient. I’ve got a coffee machine to order & a diabetes charity to donate to. RIP uncle Paul x
“The net proceeds from the offering will be used for general corporate purposes.”
I see all the good guys are here this morning as usual. Where did all the boyflys come from yesterday? Are we out of spray?
29.356p to sell. They will take 50k
Cmon let’s have it !