RE: Re bit coin and arb ..16 Feb 2021 09:19
I'm trying not to post here about ARB - but it is a fantastic ride, just remember to take your stake out fairly early so it becomes a free one & let the moon shot grab the rest imo.
Ive banged on about this since pre Christmas & yep the juicy/easy gains are gone - that said I leavea chunky stake in because:-
- Who knows were Bitcoin COULD end up.
- The yanks love Crypto miners more than the Brits (as proved by Mara, Riot etc..) but they need NASDAQ listing & not crappy London (who frankly hate the Bitty, but in doing so have left a golden re-rate opportunity left on the table for any to find in ARB), well the latest catalyst is once the ARBKF (US moniker for ARB) price breaches $2 for 5 striaght days the last hurdle for NASDAQ listing is overcome - & then ARB re-rate to values more akin to MARA/RIOT whether you like it or not.
- ARB are a wonderfully open business with its shareholders about its operations (something other crypto miners are not) & tbh as an EUA shareholder it feels like a breath of fresh air.
In summary prices are high compared with pre Christmas, they are however not a spike (as long as Bitcoin isnt considered a spike), compared with MARA/RIOT they are cheap.
Anyway any profits I make their are sliced back to EUA as needed, so I am a full supporter of both companies.