Argo Blockchain Share Discussion Threads

[aidenabettin] 24/1/2021 16:30

The date of birth on your verification method does not match your previous date of birth.Oh yes it does.Unable to re-verify.If account unverified by Nov 21 it will be off boarded

[seraha66] 24/1/2021 16:25

209 Bitcoin at a GBP market price of £21,213 from 31st Decemeber
would have equated to £4,433,413 in value.

The same 209 Bitcoin at current GBP market price of £23,255.7
would equate to £4,860,441

Though they will mave mined more crypto since.

Hope this helps

[aidenabettin] 24/1/2021 16:24

hTTps://news.bitcoin.com/coinbase-issues-a-public-apology-to-eu-and-uk-customers-did-not-address-its-global-issues/

[transhoneyqueens] 24/1/2021 16:20

would not be surprised if we test $20 agin before feb 27th..

[aidenabettin] 24/1/2021 16:19

Easiest way for the big players to take control other than holding large amounts of $BTC is to block access to the PI.A word with Coinbase and other exchanges can stop the PI in his tracks as we can now see as volumes drop off. I still cant fund coinbase after multiple attempts at verification. Ive used Coinbase for a couple of years.Very dirty

[seraha66] 24/1/2021 16:17

For the avoidance of confusion...

The December Update from 5th January stated:
"At the end of December, the company held 209 BTC in Bitcoin and BTC equivalents, in accordance with the Company's asset management strategy"

[hootza616] 24/1/2021 16:16

How many have Argo mined, how many do we hold? What's your definition of most?

[investorgeek1] 24/1/2021 16:14

Not any more due to the recent raise.PW said in one of his 4 recent podcasts that they will now HODL all mined Bitcoin, also they no longer mine for 3rd parties.They are self sufficient and are banking BTC for the future when it doubles + in value.

[hootza616] 24/1/2021 16:13

I think the clarifications made my Lagarde and Yellen gives us the best indication of how top financial institutions now influence the future of BTC. Only the big instis can lobby top political figures in this way. I find it disgusting that the political elite can devalue everyone's pocket money while attempting to belittle one of the only real alternatives. Never been more bullish BTC after this. Positive regulation and mass adoption seems inevitable now IMHO. It's a long way up!

[nico115] 24/1/2021 16:11

I think they keep most of the mined coins and only sell enough toPay for costs

[hootza616] 24/1/2021 16:07

7rademark, they sell most of the mined coins each month to pay for running costs.

[nico115] 24/1/2021 15:32

Fair value IS NOT where a bidder will have to bid.That's crazy !!In which case every company is 40pct under valued Fair value is certainly not 300p today based on Btc at 32k

[7rademark] 24/1/2021 15:25

I'm confused now, do we hold 209 btc or as the earnings state 2,400

[aidenabettin] 24/1/2021 15:10

Volume has dropped substantially .$BTC/USTD Spot 24hr $1.7B.$BTC/USTD future 24hr $6.3B

[qs99] 24/1/2021 14:59

some truth in what he says, we have seen some of that Dec-Jan in moves of BTC.....it can move (both ways admittedly) v. v. fast

I think the Greyscale increase in funds/value, shows the level of $s entering the market....IMO the supply is v. limited, the demand is v. high....the imbalance will shift BTC price through $100k IMO sooner than we may like to think....DYOR as ever

[crypto nugget] 24/1/2021 14:45

As markets are supposed to always "look ahead", surely some part of SNF's fair value estimation is forward looking too?

For instance we hold 209 BTC now, 500 or more by year end?
BTC is $32,000 at the moment. $100,000 by year end?

Capacity to hugely increase from now until year end.

Depends on what value BTC and other crypto miners are held at, so I suppose its not easy to come up with a figure as p/e's may be higher or lower than what they are now.

If (when) BTC hits $100,000 and we hold 500 BTC or equivalent, that's worth $50m on its own.

We have enough cash, holdings of Z-Cash (and polkadot?), plus a stake in Luxor Tech.

Just on what we have achieved so far, the current share price is cheap imho.

[gspanner] 24/1/2021 14:13

SNF,

couldn’t put it any better, saving my typing fingers!

[nico115] 24/1/2021 14:12

"Fair value here after the recent placing and capacity expansion is around 300p imo"Fair value here means with a btc price of 32500 Not sure I agree with the 300p valuation

[mnomis] 24/1/2021 14:07

Nico, you know that a valuation model will forecast future prices right, not simply plug in spot for eternity. Do you think $32k is the long-term real BTC price? If not, then, what price should we use in our valuation model?

[yump] 24/1/2021 14:04

FFS

There isn’t a ‘path to profitability’. Its already profitable.

Enough with the cliches and platitudes !