Member Info for Xenor

I definitely think it would rise the second I sell. I should know better than to buy in the first hour of trading. Oh well just a case of holding and waiting.

I seem to have a knack for buying at the wrong time. I paid 106p this morning. Wasn't expecting a fall.

If bitcoin was much higher it wouldn't be a half billion valuation. I would expect the share price to be 170-200p at 50k bitcoin for example. Anything lower is down to people like me panicking and selling losses. I think everyone who was doing that has done so now.

That's the thing - the market is so unpredictable. The last time SNG had a trial update RNS the share price plummeted. Arguably it was oversold, so that may explain today's bounce. 4D is oversold as well however, and has multiple shots on goal so you would think it is a better investment. But markets don't follow logic. The money will come, just a waiting game. It's pay day for me tomorrow so I may top up.

I think a lot of money went into SNG today that may have came our way. They had a great RNS as well.

It was definitely oversold when you bought at 126p and bitcoin was 49k. I don't think it is oversold now however. We should track bitcoin back up around 5p per $1000 bitcoin as a rough formula.

As long as the general trend is upwards we're good. It was nice to see that it didn't touch 30k again at the weekend. Higher lows is a good sign.

Agreed. Even I'm getting optimistic. I think if bitcoin reaches 60k then we'll be back over £2.

How do you define "bitcoin has bottomed out and is close to a reversal"?

Bitcoin is 20% up on weekend lows. Hitting 43k might confirm a reversal trend but that won't get you in under a quid. Lots of ARB shares will be moving to sticky II hands this week. I'd be surprised if we see under a quid even if bitcoin tries to test 30k again.

@HarChris if this drops below a quid you will move your re-entry price to 50p. If it drops to 50p you'll move it to 30p and so on. Eventually you will either have to pay more or not buy at all.

All this because of a couple of tweets by a billionaire on Twitter. Sunday is always bad for bitcoin, hopefully it rebounds next week.

As for the football. Newcastle fan here. Our lucky win the other week might have something to do with Leicester missing Champions League football. Although they should have beaten Southampton too. I really hope they get the results they need to qualify today. Rather see Leicester qualify than the same teams every year. Was great to see them beat Chelsea in the cup.

That's interesting. I wonder if this is referring to the financing they mentioned they needed in the RNS. Perhaps an announcement is due. Or could it be referring to the financing that was done months ago?

I agree. That's what I'm talking about when I say I'm trying to spend less time on the board. I'm clearly spending too much time on here, and the FUD isn't helping me.

I'm going to sign off now and enjoy the rest of my Saturday with Assassin's Creed Valhalla and Eurovision. Enjoy the rest of your day! I will avoid bumping this thread again tomorrow as I did earlier today.

I'm not expecting too much from the webinars. Surely if they were going to release new information it would have to come in an RNS as it would be price sensitive. Unless they throw out an RNS at the time of the webinars. Either way I'm excited as nothing has been happening here lately.

@Everup It's hard to remain positive when you see so many people bragging about how they bought back in after helping to crash the share price, or desperately seeking unrealistic entry prices like 50p. That's why I'm trying to spend less time on this board.

The share price is dictated too much by sentiment and the whims of private investors. There are some who I like who hold no matter what, but it seems a bit like the band playing as the Titanic fills with water. I hope there is more stability with all of the II purchases we are expecting next week. Transfer of shares from PIs to IIs can't be a bad thing.

@Everup If you've got nothing constructive to post, don't comment. Filter me if you need to. I'm replying to a conversation that you have no interest in being a part of so go reply to one of the many dozens of other threads. You should be happy that I am keeping my complaining confined to this thread - as I think it is justified given the conversation topic. Outside of this thread I'm trying to be more positive and spend less time browsing the FUD on here. Maybe we should just let the thread die.

@bonker99 What didn't help for me was the double whammy. Just as bitcoin was reaching its all time high of 65k we were plummeting from 240p to 200p. That should have been a warning signal that a mass sell off was imminent. After the all time high came bitcoin's plummet, which just increased the state of panic amongst ARB shareholders.

I remember back in April the story was that some big institution was selling lots of shares and that's why ARB was stagnating. Could it have been an orchestrated dump by a group of PIs? Tell everyone not to panic as an institution is selling lots of shares whilst they were busy offloading for the best price they could get. You have to be sceptical of everything you read on a BB.

It does look like 30k is the bottom for bitcoin if this cycle is to continue (which is looking increasingly likely). Maybe money will shift back from alt coins into bitcoin and see another quick rise to an all time high. I hope so anyway, it's the only way I will get my losses back on this share.

It sounds like you know what you're doing, resisting the temptation to buy and waiting for a bottom. That comes with experience I suppose. I usually see a share and buy it immediately regardless of whether it's at a bottom, top or middle. Might explain why my buys tend to turn red shortly afterwards. My first ARB purchase was during the 200p placing thinking it was a great entry price. Then I averaged up a week afterwards buying more. I sold those placing shares for 190p, probably the only person who lost money on that.

I just calculated all my buys and loss sells and I would need a share price of 283p to break even on the money I've put into ARB. So I consider that my average now. I could average that down but I'm afraid of putting more money back into this share in case China does ban bitcoin and **** hits the fan causing another crypto bear market. Every optimist on this board has predicted share prices above 283p by the end of this year so if I just put them away and sit on it then eventually I should at least get my money back.

My problem isn't so much Argo, but bitcoin itself. I'm sure we can all agree it is looking rocky right now and regardless of what the stock to flow model predicts there is a lot happening right now that worries me. Mainly China and Elon Musk. We have to remember that the stock to flow model is a prediction only, and outside influence can easily send bitcoin off track.

Argo is a solid company, but its primary business is mining bitcoin and bitcoin just doesn't look great right now. My biggest investment is in a copper miner. If the price of copper was tanking I'd be just as worried about that investment despite having faith in the company I'm invested in.

Looks like when I bought back in yesterday it was bad timing, because the share price has dropped 10% today. I thought bitcoin might be recovering yesterday but the chart is showing the opposite today.

I decided after yesterday that I would check the share price and this board less often, as keeping a close watch is when you get thoughts of selling. If you're on this board constantly and are a longterm holder then may I ask why? Surely the hour to hour share price shouldn't matter.

You can guarantee that if it did hit 50p this guy would be posting "will top up at 10p". This guy will never buy a share.

It's starting to look like yesterday/this morning at 0.36 was the bottom. Selfishly I was hoping we could stay at that level until my pay day on Tuesday so I could top up, but I'm sure it will be a good top up opportunity regardless. Onwards and upwards.