Argo Blockchain Share Discussion Threads

[aidenabettin] 16/1/2021 07:12

I'm not a fan of TA/Charts..For me its day to day market manipulation that automatically goes hunting for long/short positions depending on which side is weighted higher.Good/bad rns is secondry imo to market manipulation. Posters with multiple accounts will have some for bullish (long) and swap to bearish(short) and become very aggressive at times if their position is losing.Only guarantee of success is to be an insider.The rest?.Its pure luck even with indepth research it means nothing unless you have access to the insider information about whats going on behind the scenes and the deals being agreed between the UK and global players at a political level

[suffersnofools] 16/1/2021 04:17

Hi yump - it's not disrespect at all. I was merely pointing out to 2tyke that he is just going to clog up this BB with pointless posts as the debate with regards the value, or otherwise, of TA has already been done on here ad nauseum. We get that you are a sceptic, and your entitled to your opinion. However, telling us this every time a TA discussion comes up is a little tiresome, so why not respect those who enjoy TA and just ignore those posts?

[suffersnofools] 16/1/2021 04:07

I'm a holder and so are ARB, so hopefully it will do!

[ridicule] 16/1/2021 01:35

2tyke your proposition that BTC is an investment that can have Elliot wave analysis applied to it is flawed I am afraid. The speculative proposal that the $2000 welfare distribution COVID payments in the US will find their way into BTC investment and thereby corrupt Elliot wave BTC analysis is purely speculation.

What is not speculation is the fact Paypal with its 23 million merchants is now accepting BTC as a payment transaction currency, nothing to do with investment and Elliot waves. You also ignore the revenue earning from BTC mining and the consequent periodic 'halving' phenomena that materially affects the BTC market price, independently from the investment element driver.

These are the factors, coupled with the finite, never to be increased, number of BTCs that causes their progressive fragmentation that makes Crypto nugget's conviction that BTC will reach $100,000 plausible. Investment sentiment will be a factor in influencing the peaks and troughs on that journey, but so will the use of BTC to purchase and the Dark web to launder.

[craffert] 16/1/2021 01:20

Any views here on polkadot?

[nico115] 15/1/2021 23:12

Even though I studied Econ at Manchester Uni I didn't understand a bloody word so I gave up ..!!But clusters of volatility are interesting I like to look at IVOL and the premiums in BTC indicates price appreciation I also like the economic quad we are in of rising growth and inflation and dollar devaluation so I think btc carries on with this parabolic move I also know Alan Howard quite well and follow Saylor and these guys are to be followed The future is bright ..for BTC at least !!

[horneblower] 15/1/2021 22:56

The current situation with bitcoin...

[horneblower] 15/1/2021 22:52

I read it. It was heavy going but interesting.

Mandelbrot was a an interesting guy. He used the computers at IBM Research Center in NY to model fractals. It was actually very simple, straightforward stuff using imaginary numbers.

Elliot waves appear to be like fractals but are distinctly not.

[nico115] 15/1/2021 22:44

To predict asset price direction one must look at price volume and volatilityA great book for you to read is :Benoit B. Mandelbrot The (Mis)Behaviour of MarketsEnjoy and let me know what you think

[horneblower] 15/1/2021 22:32

Excuse me, nico. What is a volatility model?

[nico115] 15/1/2021 22:15

But but SNF says 36 quid and if you disagree you're a lemming Just like all the investors who bought at 5p and sold at 125p !! Cos we were meant to hit 150p that day yet we are 107p! Lol

[yump] 15/1/2021 22:11

SNF

I gave you the respect to say that your method obviously works for you. Bit by bit I see that disagreement with you ends up with disrespect back towards those who don't agree.

I'm not just going to believe you, just because you post something. You probably don't care because you 'don't suffer fools'. Put someone in the 'fool' camp when they don't agree with you.

I don't suffer people who post extraordinary claims and then produce no evidence, but that doesn't make a good username and I don't need to massage my ego with one.

[nico115] 15/1/2021 22:11

Looks v old list

[yump] 15/1/2021 22:07

All you chartists have to do to convince people like me is to link to some of these studies that you quote. Not just appear making claims and then dismiss sceptics.

Not the odd study. The ones that prove the point.

It is facile to say that all you need is price and time. Those are the result of many of the other variables in play. Also I am not a fundamentalist, otherwise I would not have done very well over xx years.

Every time I have asked any chartist for some real evidence, there has never been any links to anything independent.

You're the experts. These things are presumably at your fingertips.
Not somebody's book. Some real studies to read through.

Or just do what the religious lot do, tell me I just wouldn't understand, or its too complex to explain or whatever.

[gspanner] 15/1/2021 21:30

so 45% or so of this owned by instis now, 5% increase from last week.

[nico115] 15/1/2021 21:16

Still drinking whisky SNL10 qd 36qd Crazy man I like you suffer But u make me laugh Let's see if your bearish stance of btc to 27k is correct or it fails twice !!Night night my friend xxx

[suffersnofools] 15/1/2021 21:09

Thanks nugget,Appreciated but I can look after myself :)We all know what Nico is, even Nico, which is why he tries so hard and takes every chance to get a cheap shot in. We all know where BTC, and by inference, ARB are headed. So eyes on the prize.

[nico115] 15/1/2021 21:09

Totally agree but can I ask one question Do you really believe that he believes we will be 36 quid one day ?!!!

[nico115] 15/1/2021 21:09

It's all about price volume and volatility in a GIP model ..growth and inflation Ray Dalio has it spot on

[crypto nugget] 15/1/2021 20:59

I must say, the cheap jibes and clear knocks against SNF go against the grain.

Nobody is perfect, not even him. But then, does he think he is? No.

Everybody makes forecasting mistakes, but it seems difficult for some to actually grasp his views and comments. He's called it spot on so far, has been totally transparent in his deals, both sales and buys, has an excellent grasp of charting, and is uncanny in some predictions.

I know nothing of the guy, and probably never will, but little snide digs here and there are uncalled for.

This thread in my view would be all the poorer without him, I think he's taught many of us here quite a lot, and I for one am grateful.

[2tyke] 15/1/2021 20:54

Hi mnomis,

Yes, volume is a really useful supporting indicator. But price is really all that matters.
Price is always correct...it is the one thing that both buyer and seller completely agree on...it is always right.
Everyone else agrees simply by not taking the trade themselves at a different price. It's how it works.
Technicals are the way...and elliot wave in particular. It is a road-map for every single stock. It's not a crystal ball. It is a method for letting a trader/investor take a low risk position, and importantly, it tells you when you are wrong..which saves you lots of money in the market.
As i've said, it's really helpful for cryptos...as they have NO fundamentals, so the technical waves are very clear.

[nico115] 15/1/2021 20:52

Haha yes king ramper he is He said 10qd and maybe even 36 quid He needs to see a dr 36 quid is a mkt cap of 11 billion !! HahahahahahaSNF you are delirious

[gspanner] 15/1/2021 20:45

Anyhow, looks fairly obvious to me that btc is now winding thorough a big flag on the chart... you could probably make some predictable trades up and down, but probably just best to stick and allow the thing to grind it self out before the next leg up.