Argo Blockchain Share Discussion Threads

[jungmana] 29/2/2024 16:05

Yep sold 80k yesterday about 21p as posted here.Bought 40k back under 18p . Happy with that.Back on the filter you go ;-)

[jungmana] 29/2/2024 15:56

Well, am back in with 40k shares

[r9505571] 29/2/2024 15:53

Wild fires have doubled in size!

[r9505571] 29/2/2024 15:53

https://www.nbcnews.com/news/us-news/live-blog/texas-wildfires-live-updates-rcna141087

[references] 29/2/2024 15:43

@ growth investor, thank you for this. So how are you playing this rally in bitcoin? And to prove how genuine you are, why your interest in Argo on this thread when you think it’s a screaming sell? Genuine question, not being provocative.

[beatme1] 29/2/2024 15:39

It has absolutely no power at all

[beatme1] 29/2/2024 15:39

Someone wants Argo dead Muerto

[srpactive] 29/2/2024 15:30

Disappointing.

[dipa11] 29/2/2024 15:25

Bought few more today as a top ups. Since last few days waiting for the entry and just now got the chance. DYOR

[horneblower] 29/2/2024 15:11

Halving date still not known and won't be until the day it happens...although in a month's time we should have a pretty reliable estimate.

[growthinvestor2001] 29/2/2024 15:06

references.

That link- make sure the xx at the start is replaced by tt

As for Argo share price - look at ALL the miners today and yesterday - they are all dumping despite bitcoin being $63k. There appears to be a rotation out of risky miners into spot ETF and microstrategy. This is probably so they dont have to worry about rigs getting old, halving of revenues in April and difficulty increases etc. More of a pure play on bitcoin with less leverage than the miners used to give.

As for Argo - regardless of the potential it used to have years ago, today it has barely enough cash left from the raise to keep the lights on, no HODL, huge debt compared to its revenues and certainly no cash to buy more machines. It does not own its own mining facility anymore and the rigs it has are getting out of date and wont be able to cope profitably soon with difficulty going up every month. Then throw in the halving in April and revenue effectively halves so without bitcoin at an insanely high level, it will be making a loss every month. It wont get 'bought out' either as who would want a load of unprofitable rigs? The future not looking bright. Don't shoot the messenger.

[yump] 29/2/2024 14:53

Clue no.1:
What is happening on 19th April ?

[jungmana] 29/2/2024 14:42

Bitcoin rallies higher to $63k . Is it possible that a major holder may be offloading here and that's the reason ? Been studying the trades over last 4 days .Well I hope they are done soon as BTC is heading for $100k by June imo

[references] 29/2/2024 13:24

Still not quite sure how Bitcoin going up means Argo going down, even if the geared advantage of being a miner is no longer as strong.

[references] 29/2/2024 13:06

PS Growth investor, sorry, not meaning to be lazy but I can’t make that link work.

[jungmana] 29/2/2024 11:46

Imho despite issues highlighted in the interview, arb should be at least 30p+Why still can't break 21p is anyone's guess.

[references] 29/2/2024 11:35

Growth investor. So how would you play this then? And does Argo have no value? And is it going to be forever raising new funds to stand still?

[r9505571] 29/2/2024 11:03

Thanks for this. Will get a listen

[growthinvestor2001] 29/2/2024 09:55

Will you guys please just listen to Marathons results conf call from last night:

hxxps://event.webcasts.com/starthere.jsp?ei=1657416&tp_key=bed5f2154d

The Q&A session at the end - the CEO explains exactly what is happening in the mining space and what problems smaller miners in the condition Argo is in are facing.

srpactive keeps complaining that this is all manipulation and MM's playing games.

If you actually do some proper research you'll realise this is not the case and Argo is sinking for a reason.

Have a listen then discuss - as Argo is not putting out any news to discuss... and please stop using the "bitcoin is this so Argo should be that" argument as its incredibly misleading.

[amazoner] 29/2/2024 09:46

i am expecting bitcoin $70k in 3 weeks or as soon as next week, which should trigger a little rally in the miners

[amazoner] 29/2/2024 09:41

be patient guys

gold price went up 250% post ETF launch in Nov 2004

the launch of ETF makes big impact to bitcoin price surely. a report from bank of america predicted $93m net inflow to ETF could trigger a 1% increase in Bitcoin prices.

yesterday's total traded value of usa bitcoin ETF was $7.68 billions which triggered 9% increase in bitcoin price.

i think this is just a start of ETF mania. eventually, bitcoin ETFcould exceed the value of gold ETF (which is currently about $9 trillions). meaning $500,000 per bitcoin could be achievable especially when the fed start issuing a digital currency with a value of $1 million a piece. lol

what we are seeing is a process of replacing US fiat currency with a digital money because the fiat currency is getting useless for international trading, i guess.

[broomrigg] 29/2/2024 09:19

Oh dear, getting worse here. Bitcoin goes up, Argo goes DOWN. They need QBT method B.

[bakedbean] 29/2/2024 09:17

US miners futures going higher, this will follow suit with them .. handy for the day traders

[bakedbean] 29/2/2024 09:14

Bloody hell im wishing btc higher everyday all day and for what ? In reality though, should average down as it has to pop sooner or later, its mining bitcoin