RE: Posted on Argo blockchain Reddit sub3 Apr 2021 21:34
@LongshotLuke, My other big holdings are CINE (Cineworld) and DDDD (4D Pharma). I see CINE as a pretty safe way to make a good return this year and as such I have more in that than ARB. Expecting at least +50% from current share price. It's a recovery stock so not without risk, main one being Covid variants. DDDD is a pharma with a good pipeline. Could multi bag if their trials go well. But it's another risky bet and has low volume and has suffered a pump and dump recently which I got caught out in by buying at the wrong time. Still I consider both less risky than ARB.
My average in ARB is 223 and it doesn't take much fall in bitcoin to put that in the red. Pretty much anything below 55k. I think the share price will more than double this year from its current price and the 3.50 being mentioned is nonsense but you can't be sure.
I wouldn't listen to anyone saying bitcoin will be X or Y on Z date because a lot of them will be wrong. I've been reading talk of pushing for new all time high for at least a week now. I think bitcoin will do in April what it has done in recent months where it hits a new all time high around the middle of the month and then fall back by 15-20% towards the end of the month. Then repeat in May and following months until the Autumn.
@Williamsburg If bitcoin falls 80% during the bear market I think our share price will fall more than that. Everyone is going to want to sell their shares and buy back once bitcoin bottoms out. People who don't sell will either be sitting on losses or were lucky enough to buy months ago when prices were better. Of course bitcoin will rise again in another bull market around 2025 so it's not game over and no one should sell losses.