Argo Blockchain Share Discussion Threads

[horneblower] 24/2/2024 10:00

So, everybody leave the sinking ship...and board the punctured life raft?

Sounds like the Jumblies.

[broomrigg] 24/2/2024 09:18

All ARB shareholders should read the above article.

"Blood bath" coming.

Not too late to switch out of this into QBT but the clock is ticking.

[reimantis] 24/2/2024 07:00

https://cointelegraph.com/news/bitcoin-btc-halving-could-move-mining-out-united-states

[7rademark] 23/2/2024 16:32

Buyers trap yesterday.

[1choip] 23/2/2024 16:23

Gst have much to offer

[master rsi] 23/2/2024 14:33

Strong bounce back for BTC on the 5 min. Candlestick

Earlier the buys were below middle price, at 17.15p, 17.175p, and 17.247p
But now 17.31p is what is paid for buys

[master rsi] 23/2/2024 11:42

BTC - Bitcoin
Slowly bouncing back

Intraday Candlestick 5 min ..

[master rsi] 23/2/2024 10:56

Time for ARB to go better from this point... I selected the stock a bit earlier.....

Master RSI 23 Feb '24 - 10:34 - 523 of 523 Edit
UPS
ARB 17.25p (17 v 17.25p)

The stock had a 61.8% Fibonacci retracement, the Cryptocurrencies are holding well at the moment and signs of wanting to bounce from this point.

[master rsi] 23/2/2024 10:52

I can do with the embracing >>> BITCOIN

But not true "President Donald Trump" ( wants to be again ) whoever posted this, certainly lived a few years back ( Watcher.Guru )

[noirua] 23/2/2024 10:12

JUST IN:US President Donald Trump says many people are embracing #Bitcoin Bitcoin_evergreen.png & wanting to pay with it. "You're seeing something that's interesting, I can live with it."

[7rademark] 22/2/2024 11:05

Just to confirm I don't hold here yet. Today's rise could well be a buying trap but watching closely.OT cardano is worth a look.

[7rademark] 22/2/2024 10:43

ARBs short term share price is reliant on BTC. But ARBs Sp as with other miners can over react and give a greater reward or loss than owning BTC. if BTC puts on another 10% before halving I thing ARB will go alot higher hence my comments. I don't really care about ARBs medium to long term future or knockers negativity. If the trade fails so what.

[jungmana] 22/2/2024 10:22

How do you know any placing ( if done) will be "deeply discounted "?

[1knocker] 22/2/2024 09:37

Do you include a deeply discounted capital raise amongst the 'obvious' that i have stated? If so, how does that mesh with he trade to 50p you see?

[7rademark] 21/2/2024 15:52

ARB over reacts to btc micro movements. Both ways. Regardless of knocker stating the obvious there's a trade in this to 50p imo. Just a case of when to get in. Long term its a risk unless btc goes insane.

[jungmana] 21/2/2024 15:21

If you hold btc ,Graham just sit tight and see where the price goes in the next few months.
Personally I own 3 bitcoins, 2 from 2020 and 1 added last summer. I intend to hold long term and pass it onto my kids one day.
ARB has issues and anyone who follows the Company knows this, so only bet small here.
I have about GBP 8k invested here and hoping for 40p+ by June.

[1knocker] 21/2/2024 14:28

Read my post of 18:37 yesterday, grahamtrain. The investment case for ARB is very different from that for BTC, and one can also make an argument for BTC not going up as much on the halving this time as previously, because that rise has already been substantially priced by the market. That may or may not prove to be the case, but it is plain fact that
1. ARB's balance sheet is weak, and it now has no USP
2. the halving will double its costs per Bitcoin mined
3. It holds few BTC
4. It needs to raise capital to attain critical mass
5. any capital raise is likely to be at a deep discount, and is certain to be highly dilutive of existing shareholders.

[grahamytrain] 21/2/2024 13:02

Jam tomorrow eh. So why with all this positive outlook are we 6.5% down!

[jungmana] 20/2/2024 20:26

https://news.bitcoin.com/robert-kiyosaki-expects-bitcoin-to-hit-100k-by-june-this-year/

[jungmana] 20/2/2024 19:42

The last halving was in May 2020. bitcoin went from $6k in February 2020 to over $50k in a few months.I don't expect same move but $100k imo will be here in a few months time. The move is already on

[jungmana] 20/2/2024 19:32

Agreed, Https://www.forbes.com/uk/advisor/investing/cryptocurrency/bitcoin-halving/

[qs99] 20/2/2024 18:52

I think if you look at the history of halvings, BTC price has gone up substantially, so not sure why it would do any different now? DYOR etc.

You add in the Grayscale offloading is falling big time, with ETFs, countries & other instis increasing demand for BTC in a way & volumes not seen before IMO.

That should IMO mean an added impetus post halving as Demand keeps ratcheting up, but supply has suddenly halved.

So in my simple mind, the supply/demand side of things is heavily skewed to the upside, which should in theory benefit ARB...let's see....

DYOR

[1knocker] 20/2/2024 18:37

Be careful, 7trade. ARB's balance sheet is weak, it has no great stash of BTC (unlike the big US miners), its mining operation is unprofitable on an AISC basis and its costs of mining each BTC will double after the halving. It need to raise a LOT of capital if it is attain critical mass. Expect a deeply discounted, highly dilutive, issue of new shares. ARB has no USP now. I think you need to identify a big potential upside for ARB to outweigh the risks in order to conclude that the risk /reward ratio favours buying ARB rather than BTC. ARB will suffer if BTC falls, but ARB also caries operational risk which BTC does not.

The consensus seems to be that BTC will soar on the halving, but the world and his wife are also pointing out that BTC has a highly predictable price movement pattern on halvings. Logically, one would expect that market expecting such a rise would have priced it in ahead of the event. If the expected surge does not occur, inflows of investment int te new BTC ETFs may not be as great as expected either so that they will provide a smaller tailwind than expected. On the other hand, a BTC price surge big enough to catch the eye of the non-financial press could lead to sudden large inflows into the ETFs, and a liquidity spike. In that event, the tricky question would be when to take profits, as hot PI money might well flow out as fast as it flowed in on a sudden price drop.

Those considerations also pose a very tricky question as to when ARB should raise capital: go early, while BTC is on the rise, or go later when it may be much higher (and with it the ARB SP), but at the risk of missing the boat if the BTC price does not behave as predicted on the halving?

[7rademark] 20/2/2024 16:08

Unfortunately ARB are having to sell btc to pay for previous mistakes. Can the new management turn it around. I still think there is a trade in this to 50p as btc increases pre and post halving. Just a question of when to buy to maximise profit.

[dennisbergkamp] 20/2/2024 16:03

Obvs beware of derampers - you know how they roll here

But also, need to see them keeping their btc else pointless

D