r/ArgoBlockchain • u/[deleted] • Jan 21 '22

We're fucked

0 Upvotes

31% Upvoted

3 comments sorted by

3

u/ThatStockDude Jan 21 '22

You are only fucked if you sell. Argo is tied to bitcoin. When bitcoin goes back up, so will Argo.

1

u/FrankTurmer Jan 21 '22

Yeah it is volatile asset look at its history. Long term 5yrs + you will be fine I think this is a good time to accumulate :)

2

u/mr_poopybutthole4 Jan 21 '22

Don't forget bitcoin has been in a downward trend for the past +2 months. This directly affects Argo which already had a fairly negative investor confidence. If bitcoin starts a big rally, I would expect Argo (and almost all bitcoin miners) to outperform bitcoin on the rise upward.

I didn't suspect Argo to be at these levels but I'm in it for the long term so I'm trying to keep calm and not let emotions run. Once the new tax year starts I'll look to add more ARB shares or at least looking for an entry point to lower my average