Argo Blockchain Share Discussion Threads

[beatme1] 29/2/2024 08:51

They want to kill this stock has no power whatsoever

[qs99] 29/2/2024 08:48

Think new management are much better, taken options, placing at higher price than todays SP, let the sellers get out, then IMO as BTC starts consolidating and then pushing $70-80k pre halving, ARB should in theory start pushing higher. DYOR

If commentator above is correct, and BTC hits $200k in next 18 months, what EBITDA for ARB? Or even at $100k, that is what instis will be looking at

DYOR as ever

[zydecoco] 29/2/2024 08:17

Yes, srpactive, "History doesn't repeat, but it rhymes."

[jungmana] 29/2/2024 08:13

Is a very different ARB from that time.The former management screwed up here taking on so much debt and mining far less bitcoins than promised. Worth noting that the shares in issue is a lot higher too with the many dilutions over the last 3 years.But all factors considered this should be 30p+ but why can't even break 21p?

[srpactive] 29/2/2024 08:07

z

Yes quite right or BTC $60K the other year.

Arb 200p.


dyor

[zydecoco] 29/2/2024 07:58

srpactive, here’s another example that cannot be ignored.

If you look over last 3 months, from end of November to today:

BTC $38000 ARB 8.5p.
BTC $62000 ARB 20p.

BTC +65%. ARB +130%

Just take the run up to the anticipated ETF approval event out of the equation, (as I posted before, that was noise).

Let’s see.

[srpactive] 29/2/2024 07:39

Unfortunately the big institutions etc want every single penny
for them and nothing to the skint little man. Here is an example
that cannot be ignored.

BTC $45000 ARB 30p.
BTC $62000 ARB 20p.

dyor

[jumpenjim] 29/2/2024 07:28

these reports from coinbase seam so much like when i used to do spread betting years ago and the when the markets moved 500/1000 points some times and you coudn,t close your bet as the site kept on crashing etc lol it wasn,t funny at the time as 1 minute you would be up £1000,s and the next minute you would be down
bunch of cro oked bastwerds the lot of them

jj

[srpactive] 29/2/2024 07:27

BTC booming again, will we see the continued MMS manipulation
to benefit others or will they move up and through 21p towards 30p?

dyor

[martywidget] 28/2/2024 22:04

Incident Report for Coinbase

We are aware that some users may see a zero balance across their Coinbase accounts and may experience errors in buying or selling. Our team is investigating this issue and will provide an update shortly. Your assets are safe.
Posted 4 hours ago. Feb 28, 2024 - 09:40 PST

We appreciate your patience. We’re beginning to see improvement in customer trading. Due to increased traffic, some customers may still see errors in login, sends, receives and with some payment methods. Rest assured your funds are safe.
Posted 2 hours ago. Feb 28, 2024 - 11:29 PST

We continue to see improvement in customer trading on platform. Customer login has recovered and we’re seeing intermittent improvements in sends. Due to continued heightened traffic some customers may still see errors in receives and with some payment methods. Rest assured your funds are safe.
Posted 2 hours ago. Feb 28, 2024 - 12:15 PST

We are starting to see Coinbase.com activity normalizing. We will continue to monitor our systems and provide updates.
Posted 44 minutes ago. Feb 28, 2024 - 13:05 PST

[richie1218] 28/2/2024 19:56

hxxps://cryptopotato.com/blackrock-bitcoin-etf-smashes-daily-inflow-record-ranks-2nd-in-united-states/

BlackRock Bitcoin ETF Smashes Daily Inflow Record, Ranks 2nd In United States
Author: Andrew Throuvalas Feb 28, 2024

BlackRock continues to break records in the ETF market, netting $520 million in inflows on Tuesday.

BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021.

The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion. Furthermore, thanks to Bitcoin’s rising price during that period, the value of the firm’s Bitcoin stash has appreciated to over $8 billion.

BlackRock Breaking Record
By comparison, Fidelity’s Bitcoin ETF now holds $5.6 billion in BTC, but absorbed a much smaller $126 million flow on Tuesday.

Meanwhile, Grayscale – IBIT’s largest competitor – suffered another $125 million of outflows. Though Grayscale still bears a significant lead in total assets at $25 billion, BlackRock’s ETF is slowly gaining ground against the incumbent fund due to its much lower management fee.

According to Bloomberg ETF analyst Eric Balchunas, BlackRock’s stellar inflow figure made it the number two ETF for inflows in the United States yesterday, only behind BlackRock’s iShares Core S&P 500 ETF (IVV).

“This means a good portion of that massive volume was new buying vs arb/algo,” Balchunas wrote to X on Tuesday.

The analyst also noted that individual trades for IBIT’s ETF surpassed those of both the SPY and QQQ. This suggests that a large component of buyers trading the ETFs are retail-based – an unexpected finding given the ETF’s popularity as an institutional trading ground.

Bitcoin ETFs And Surging Price
The price of Bitcoin has skyrocketed by over 25% in the past five days, now trading at over $63,000 at writing time. Many analysts credit its success to the launch of Bitcoin spot ETFs, which have collectively absorbed over $6.7 billion of flows since going live on January 11.

After 30 days, BlackRock and Fidelity’s Bitcoin funds had already broken records as the two most successful ETF launches in history based on flows. BlackRock also tapped a new daily high for trading volume on Monday, surpassing $1.3 billion and entering into the top 11 ETFs in the country by volume.

Bitcoin now approaches its all-time high of $69,000 USD, though, in some currency denominations, it has already broken its prior records. For instance, one BTC is now worth over 95,000 Australian dollars, compared to $87,000 at its peak in November 2021.

[2tyke] 28/2/2024 18:33

Yep, BTC falling over 5k within an hour and bouncing.
Great to see volatility return to the market.
It makes the wave pattern so precise....

[broomrigg] 28/2/2024 18:15

Jungmana bought QBT, said they were going x10 in days. Next minute he said he bought them by mistake, sold at a loss and started trolling .....that's how much of a useless bellend he is 🤣🤡

[orkneyarab] 28/2/2024 17:54

Oops! Another mistake. What's my losses on OBT? Never heard of that one? Loooool

[zydecoco] 28/2/2024 17:36

For 10-15 mins there, ARB were plus on B/E

[srpactive] 28/2/2024 17:28

Unless some enormous buy order is being filled. We are being manipulated here for certain. Dyor let's hope tomorrow we scoot through 21p.

[robo21] 28/2/2024 17:22

Jan numbers early next week.
Some holders think they won’t be great !!!