Argo Blockchain Share Discussion Threads

[nico115] 24/1/2021 10:07

Love it !!Will be just you and me soon Aiden ! How can you tell which posters have multiple accounts ? Not for me as I say what I feel with no particular ramp or deramps

[aidenabettin] 24/1/2021 10:03

But also a multi account holder .Filtered

[coscos] 24/1/2021 10:01

Think you'll find that BTC is a hedge against the pathetic monetary policy of Western governments that seem intent on destroying their own currencies and making their people poorer.On that basis, crypto has a long way to go. I'm a convert and a buyer.

[nico115] 24/1/2021 09:55

My mate Raoul thinks btc will drop to 20k soon ,I'm not too sure but forget the very short term ...we like btc

[nico115] 24/1/2021 09:54

Institutional buyers ?My opinion is they all flipped or are flipping Will be no TR1And so what If btc falls to 20k will be irrelevant instis bought in !! We will fall to 40pNot sure the fact we had a placing will cushion any fall cos of a btc price fallJust means we will rise faster with a btc rise Lucky I'm bullish btc on a 6 month view !!

[maddymoo] 24/1/2021 09:48

Snf that's where I'm looking to purchase the wilder Kaiser area. We just love the tyrolian's friendly nature and of course the jager!
................
I see there is a gap at 23k do you think BTC will fall back to fill it?

[gspanner] 24/1/2021 09:42

‘dross... until the contrary is demonstrated’

so for you that is a higher share price (at which you buy in), rather than the intelligent management decisions driving this forward, demonstrating measurable metrics which continue to improve and are better than industry peers.

Of course if btc falls then so will this (and all the other miners you mention).

[crypto nugget] 24/1/2021 09:42

Good morning to all.

1knockcer - a very good point made there, but I suspect that ARB possibly has one of the highest margin rates in mining at the moment, if the 70% quoted by PW recently holds firm.

I haven't looked at any comparisons so maybe someone here would know off the top of their head what the figures are re other miners.

I too agree re crypto, it is being more and more accepted as the days and weeks go on, and I see BTC eventually going through the $100,000 level and further.

To that end I have ARB down as a long tern hold until that figure is at least reached, then I will more likely sell, or top slice enough to run for free.

The flip side of the coin (no pun intended) for me is that ARB could be quickly taken out by a bigger player in the fullness of time.

Either scenario would have the ARB price much higher than the current 75p.

GL & DYOR.

[1knocker] 24/1/2021 09:35

Yes I agree crypto is here to stay, but too early to say whether ARB is as well. It may be dross, so safer to work on the assumption that it is until the contrary is demonstrated. I am a trader in the high risk/volatility section of my portfolio, rotating a small stake. The profits from that stake move to the long hold dividend paying section of the portfolio. That imposes discipline - lose the stake and I am out of the game, so I take great care with the stake! I would not double down on a shot in the dark like ARB, I would wait until it shows a clear sustained uptrend before buying from here. Maybe it will, or maybe it it will go to nothing. I can't be confident that it will prosper in the crypto mining business, especially as the mining hardware is expensive and becomes obsolete very quickly, though its low energy cost does give hope that the management know what they are doing.
For those tempted by RIOT, do note that the company has been in 4 different businesses (under different company names) in 5 years. Has it hit the jackpot and will stay and thrive in the crypto business? Maybe, but it is safer to assume otherwise until the contrary is proved. Never fall in love with a stock, especially in the small cap, high volatility, high hype field.

[parsons4] 24/1/2021 09:16

Cromw311 a good post I agree, a lot of us have made a lot of money here. But going forward I am happy to sit with a far reduced investment to reap the long term rewards of BTC.

[cromw3ll] 24/1/2021 09:02

Knocked, understand your approach but what has been a very good strategy when I have bought high is to average down, I did this Tremor TRMR and I top sliced recently to free up funds to put here. I believe in bitcoin and crypto story, we are moving into more digital world.

I'd also add never invest in a share unless you are 100% committed, this then helps in ignoring the idiots when the inevitably turn up like spoilt kids wanting to buy cheaper.

Crypto is here to stay. I think ARB is a great play on crypto currencies, it focus on purely mining and ramping up on this makes this a compelling investment that I will hold for years.

Plenty bought Apple and sold early, I think we have a similar type of investment here long term.

[suffersnofools] 24/1/2021 08:58

LaGarde got pulled up on her comments as well. Now the big boys are holding they aren't going to let the central banks spout the same BS without being held to account. HtTps://news.bitcoin.com/economist-ecb-chief-lagarde-bitcoin-remarks-dangerous-cryptocurrency-regulation/

[gspanner] 24/1/2021 07:54

1knocker -

but by just talking about the share price rather than the investment case you demonstrate you are just a trader/gambler?

Albeit one who cut their losses and runs the winners for a short time only.

[qs99] 24/1/2021 07:33

The softening of Yellen stance is very interesting IMO....the sort of statement that does move the dial...maybe pressure from big finance has helped, & that softening will mean IMO the risks are lowered somewhat, allowing room for more to buy into crypto....let's see....DYOR

[jackson83] 24/1/2021 05:44

ORIGINAL IPO funding was 16p and then it hit 2p's ????? .. I see 50p soon

[suffersnofools] 24/1/2021 00:24

19p?

Makes perfect sense! Those new institutional buyers who just came in at 80p obviously forgot to read the Fool this week. I can see analysts getting fired Monday morning.

[1knocker] 23/1/2021 23:58

Bitcoin is an established crypto, others may prove as enduring.
I do not believe it is possible to value any of them. They have prices (i.e. the sum a seller will accept, and a buyer will pay, at a given moment), but not values.
Similarly, crypto companies like ARB and RIOT have prices but not values.
As an investor, my working assumption is that they are dross, so I aim to buy when a price rise becomes established and sell half my holding as soon as the price doubles. I then have a free ride on the remaining half of the holding. I bought RIOT at $12 and sold half at just over $24. Bitcoin/cryptos are volatile, so I can afford to wait/hope for about $40 to sell the rest. Unfortunately, ARB did not quite trigger my limit order to sell half at twice my purchase price. As an investor, I should sell the lot and get out at breakeven, and look around for the next opportunity. I have not much skin in ARB though (I feared I might be a bit late when I got in), so with current volatility it seems a reasonable risk/reward to hold, with a limit sell order at 90. But I shall be out sooner and lower if I spot a better risk/reward prospect elsewhere.
It seems to me that there a lot of gamblers and few investors on this board. Investors are happy to get rich slowly, putting a premium on avoiding losses, and exercise discipline. They understand that taking profits is the name of the game, and that you only make a profit when you sell; until then you merely have money at risk. Gamblers see only pots of gold at the end of rainbows; they generally become poor fast. I suggest the gamblers delay ordering their new yachts until they have sold.
Thank you, the few investors on this board. All your posts are enormously helpful in the inexact art of calculating risk/reward ratios; contrasting approaches and conclusions are all welcome. I wish I did not have to trawl through so much swill from those who believe that a stock like ARB which is as likely as not dross must be the next Tesla merely because they have bought it, in order to find the pearls amongst so many posts. Fortunately, one gets to know the handles to look for. You few clearly also know who you are, though the gamblers probably do not.

[brasso3] 23/1/2021 22:31

Microstrategy are hosting a Bitcoin summit on the 3rd February.

[aidenabettin] 23/1/2021 22:28

hTTps://cryptonews19.com/joe-bidens-treasury-secretary-nominee-asserts-bitcoins-potential/

[aidenabettin] 23/1/2021 22:27

Mrs. Janet Yellen has made a follow-up comment about cryptocurrencies since the previous one in her recent confirmation hearing. In what seems like a contrary statement, the Treasury secretary nominee is now asserting the potential of digital currencies

[cromw3ll] 23/1/2021 22:26

The new mining kit comes on line by end of Jan and more in June.

Theres huge upside and only play for those wanting to invest in crypto miner