Argo Blockchain Share Discussion Threads

[hootza616] 27/1/2021 00:33

It is a little unfair Suffers as Knocker has a good point about the difficulty rising with the expansion of miners in response to BTC price increase. ARB could make as much profit with BTC at 30k as it could with BTC at 100k if the total hash available in the network multiplies to provide us with less blocks mined. Regardless of the expansion plans I don't expect ARB to mine many more coins per month than it has done previously, just coins that continue to be more and more valuable.Continued best in class efficiency, high margins and HODL are the key to a 300p share price

[suffersnofools] 27/1/2021 00:23

This one?HtTpS://noded.org/podcast/noded-77-with-anthony-scaramucci/

[suffersnofools] 27/1/2021 00:16

Fascinating life story 1knocker. Maybe it will get picked up for a mini-series on Netflix. However, you're still dodging my question on relative valuations. The reason being you have no notion of what you're talking about. That's just a load of guff. You know nothing about crypto yet you think you can add value to a crypto stock bb? Why bother?

[1knocker] 27/1/2021 00:16

Diversified gas and oil (DGOC). A very good business model, superbly executed so far. Check it out. The dividend was so high as to frighten me at first, but I now convinced.

[hootza616] 27/1/2021 00:10

CN, if BTC is 200k there will likely be a much larger worldwide mining community meaning double or even triple the difficulty of today. If we are to mine 3 times the current amount we would need at least 6 to 9 times the hash we now have in the mix. I am not sure ARB will have the funds to make this happen within 1 year, even if it were physically possible, whatever the BTC price does. The next halving will also start to influence the investment/HODL strategy.

[1knocker] 27/1/2021 00:05

SNF I bought riot on the way up as a momentum play. Sold half when it doubled. Then did more research (which to be fair I should have done earlier) and sold the remaining half somewhat lower when I had a clearer idea of the (ghastly)valuation metrics; overall profit 80% So, no new yacht, but a useful addition to the funds.The profits have been applied to increase my holding in Diversified Gas and Oil, which pays a stonking and rising dividend, and is I think seriously undervalued at circa 115p. I urge you all to check it out. My initial holding in that has (with dividends and a bit of trading in and out)almost paid for itself.

crypto - I do have a modest holding in ARB (bought after Riot and a bit late) and thus just under water at present. As I explained, I propose to run that, and am prepared for a bumpy road. If BTC and ARB prices take a real price knock I shall top up ARB - I think it will come back with BTC, which I think will be around and yo yoing for a long time to come. At what price would I top up? Can't say at present, but probably not above 40p. I am a cautious fellow. On a stock like ARB the potential reward (realistically assessed) needs to be a multiple of the potential risk to make it attractive, and if and when opportunity presents I shall deaisk by selling enough to recoup my stake and give me a free ride.

If it goes to £10, I shall happily buy SNF a pint, notwithstanding that I shall long since have been out with a more modest profit! I really do not believe I am ever going to have to buy that pint, though.

[investorgeek1] 26/1/2021 23:57

I was trying to upload the recent interview of Scaramucci - he was explaining how US ii's and government were swaying to digitisation.Can anyone post it please - it was good listening.

[nico115] 26/1/2021 23:54

"I am happy to accept that SNF is genuine and not just a rapper, but I am afraid that he is deluded."Finally someone appears with some sense I've said for a long time that SNF is delusional He think 36 quid is a fair price 11 billion market cap !!And all the losers here believe him !!You couldn't make it up 1knocker,they will all filter you as they don't like reading genuine price targets !!

[crypto nugget] 26/1/2021 23:44

mciw - I did preface it with "for the sake of argument".

I'm not saying all or any of that will happen, I'm saying though that it could, and you know it could as well as everyone else does here.

On the other hand, it may not, but the balance here must be skewed to the upside with all the information we know.

Its quite possible of course we may come entirely unstuck, but the weight of opinion regarding BTC alone surely obviates a lot of the risk?

And why is it that ARB is now not only being noticed more and more, but is getting very positive comment, such as the one tonight.

But, to go back to the beginning, my post was just "for the sake of argument" - no more than that.

[alm6] 26/1/2021 23:43

Nico what's your out price?

[nico115] 26/1/2021 23:42

Crypto 10 quid ?You are as delusionalAs SNFAny chance of 10 quid and PW and other directors wouldn't be rushing out the door at 30pSo many rampers here it's v sad 36 quid my ass

[nico115] 26/1/2021 23:39

"we've just had insti's pile in at 80p looking for a multi bagger return."Where's your proof SNFYou spokenTo the instis ?No TR1s so I think they all sold ..why ? Cos they DO NOT think this is a multi bagger Stop ramping arbThis thread is all about balanced opinion Stop abusing the bears ?

[mciw] 26/1/2021 23:39

With all due respect you have just accused a poster of speculation and then thrown 5 in yourself, Btc more than 6 times higher than today, polka x 2, bearing in mind we only have a relatively small holding, zcash at double current value, again only a small part of the operation, holding 1k btc and massive mining increase with huge overall hashrate capacity coming

[crypto nugget] 26/1/2021 23:38

Well, fair enough 1knocker.

But my money would be on seeing ARB at £10 before 25p.

If you held and sold riot at an 80% profit, imagine how you could transform your portfolio by taking a stake in ARB.

[1knocker] 26/1/2021 23:33

crypto, I would agree if the BTC price fell and stayed down. it is volatile. Plenty of peaks as well as troughs to look forward to, and ARB ought to weather the rough patches better than the opposition and thus do all the better come the peaks if the weaker players are knocked out. Less mining means less difficulty and greater mining profit.

I am entirely serious, and really do hate to think of people losing money they cannot afford on the back of pie in the sky dreaming passed off off as sound valuation. I am happy to accept that SNF is genuine and not just a rapper, but I am afraid that he is deluded.

Anyhow, enough for now. No one is obliged to agree with me. You are all laying out your own money, not mine.

[suffersnofools] 26/1/2021 23:29

Thanks investorgeek - I'll have a listen!

[suffersnofools] 26/1/2021 23:26

Sorry but you're a clueless and laughably transparent basher.You never held riot. As anticipated you also dodged my question re riots valuation compared to arb. If you sold riot at an 80pc profit - course you did :) you would have still bought riot at a considerably higher valuation than arb is currently. Which is odd given that you state, quite correctly, that arb is much more efficient and profitable than riot. How do you reconcile these facts being such an astute investor? Suggest you spend some time looking at the excellent valuation models of blonity and start to get a better feel for investing.

[crypto nugget] 26/1/2021 23:26

Well, you are entitled to your opinions 1knocker - but I have to say they are not backed up with many hard facts.

SNF has given his figures, and reasons for doing so. All you are speculating on is a fall in the price of BTC, and saying that future forecasts are pie in the sky, plus holding out the hope that BTC falls sharply so as to virtually try to destroy the opposition. I can't quite understand that.

So, let me just put this to you. For the sake of argument, lets say in exactly one year, January 2022, BTC is at $200,000. Polkadot has risen 100% from the current price, Z-cash is around $150, and we are mining 3 times the amount we are now, and have 1,000 BTC in treasury.

All of that is perfectly feasible, so do you care to do the figures on that then come up with a valuation?

And to be fair you would have to use the current p/e's for our competitors as well.

I venture to suggest that you might easily come up with a £10 per share figure before you know it.

[alm6] 26/1/2021 23:24

Your planning to hold ARB for years?

[1knocker] 26/1/2021 23:16

alm6 - not remotely. That's why I sold. The stock market is an excellent vehicle for transferring the money of eternal and unrealistic optimists to prudent investors.

[investorgeek1] 26/1/2021 23:15

Apologies - wrong link