Argo Blockchain Share Discussion Threads

[one_frankel] 06/10/2022 20:47

Look at the individual 'Use Cases' for Cryptos Bapodra because that's where you'll find how sustainable a crypto will be in future and I'm just not convinced it will be BtC even with its scarcity element because to reach those dizzy heights it has to be widely utilised otherwise it will just be a thing of the past.

[bapodra_investments] 06/10/2022 18:11

One_Frankel - Well articulated. At the end of the day for me personally I could not care less if Bitcoin becomes a means of payment or store of value. The most important thing for me is whether its price rises and I still remain bullish with a level of confidence/conviction that it will move towards $100k because the the US and its rather large corporations will drive it there and that will bring about bullish sentiment for Bitcoin. Now I personally have to be careful that I do not get brainwashed into the Bitcoin narrative and end up being biased towards it. So the same applies to me on this. Bitcoin does not have to be a better asset than Gold in any way to see its price rise more significantly than Gold in the coming 5-10 years. I could not care less about Gold's 5000 year history as that is all it is history. It is the future price action which is the most important thing. If people wants to have a speculative bet like 1knocker then my money is on Bitcoin to outperform Gold in its 2nd decade of existence. Each to their own.

[one_frankel] 06/10/2022 14:38

Absolutely there's nothing tangible with BtC Knocker and its sentiment is predominantly derived from the direction of travel in Tech markets but the immense volatility we've seen in the past is certainly diminishing which could make it quite an inviting store of value now and its not wise to go against the US when they have such an affiliation for the Crypto sphere because if they want it work, it will work regardless of what you and I believe buddy! ...Knocker, we are yet to discover the true purchasing power of BtC!

[bapodra_investments] 06/10/2022 12:42

1knocker - My personal view is that BTC has ambitions to be the 'digital gold' in the future. I agree with you in the sense that right now it is more of a speculative asset but even if it was a 'store of value' then Gold most certainly over the past 13 years has not been a better store of value than Bitcoin. Below is from BullionVault and live at the time of me posting this. Live Gold Price Gold Spot Price Today Gold Price per Gram $55.11 £48.93 €55.82 Gold Price per Kilo $55,109 £48,926 €55,816 Gold Price per Ounce $1,714.08 £1,521.77 €1,736.07 6 October 2022, 12:35:52 (GMT+01:00) So a more reasonable comparison would be what One Gram, One Kilo and One Ounce of Gold would buy you in USD and GBP terms 13 years ago, 10 years, 5 years ago, 3 years and now compared to 1 BTC in the same period. Then by all means talk about 'Purchasing Power'. Who actually used Gold to purchase anything in today's time? So the purchasing power argument is a bit false. Bitcoin can be used and spent anywhere in the world if one has a Crypto Debit Card (Visa and Mastercard). The store of value argument I agree BTC is more volatile and speculative but that does not mean Gold for the past 13 years has been a better store of value because it is less volatile and speculative. Some may argue Gold is very speculative but that is a different discussion altogether.

[1knocker] 06/10/2022 10:07

If BTC is 'the new gold' and a store of value, the next few months should see BTC come of age as the energy crisis and the strains imposed by the interest rate hikes morph into currency crises. I suppose they would say that the reason it has not done so yet is because the dollar (the dominant fiat currency) has been so strong this year that, US inflation notwithstanding, there has yet to be a need to side step fiat, and they would point to gold (the traditional safe haven store of value) which has remained pretty much flat this year as evidence of that. Any significant weakness in the dollar, or failure to tame inflation in the USA, should test the thesis. If BTC is indeed the new gold, a safe haven store of value as distinct from a speculative asset offering a route to either ruches or ruin, it ought to become much less volatile than hitherto, over time moving up in dollar terms broadly to reflect the decline value of the dollar. The question then arises, 'What is its datum value?' that is to say, what is the 'purchasing power' of one bitcoin which over time it will broadly maintain? Is it $10K, $20K $60K, or what? According to historic norms, stretching back over thousands of years, an ounce of gold bought a Toga in Ancient Rome, and now buys a bespoke Saville Row suit. So gold is broadly at 'historic fair value' at its current price. But what is BTC's 'fair value' purchasing power? If it is already a store of value rather than an opportunity for speculation, it must have a fair value purchasing power, and if it is not yet a store of value but will become a store of value, it must establish a fair value purchasing power. If that value is yet to be established, I see no reason why it might not be any number you care to pick. It would operate as well as a store of value at $1 as $1m, provided that once it has found its level, that level of purchasing power remains broadly constant thereafter, varying in fiat price to reflect the falling (or rising) purchasing power of fiat over the forthcoming millennia.

[aidenabettin] 06/10/2022 07:39

hTTps://cointelegraph.com/news/swift-says-it-has-reached-a-breakthrough-in-recent-cbdc-experiments

[aidenabettin] 06/10/2022 07:37

Gold will still be Gold but it will be tokenised.The dollar dominance is coming to an end

[bapodra_investments] 06/10/2022 07:31

1knocker - I do not know if Bitcoin is a store of value or it is not but our brains are brainwashed with narratives thrown at us to strongly believe Gold is a store of value and one of the best ones at that. I am not saying you are right or wrong as I don't know but a 'Store of Value' for any asset class is one that does not lose value like FIAT currencies over time. Would you not agree? Well Bitcoin so far over 13 years has done that better than Gold. One of the arguments I have read about why Bitcoin in the 'future' will become a better store of value to Gold is 'scarcity' and how there will only be 21 million maximum supply. Now I share your view that Bitcoin right now is a speculative asset but so too are the shares we invest in and I would argue Gold depending on entry/exit price too. Gold over 5000 years has never run out and even as we speak more is being dug up despite from time to time the narrative being thrown at us that the supply of Gold is declining. Do not underestimate Governments role in these narratives. If they hold Gold in the vaults then they want all the public around the world to believe it is the ultimate safe haven so what they hold in their vaults keeps it value. Thank you for sharing your sale in Block. It just shows even with your wisdom and intelligence which you share through your storytelling on here you are just as immune as the rest of us including myself on occasions for ineffective judgement. I am guilty of it as well as I have articulated on here openly/honestly but is is refreshing for others like you to be honest too so thank you. I remember you saying you sold PayPal and bought Block as its prospects were better and this comment was only a week ago and you have sold already when one would argue now is the time to be looking at buying with a long term view. However your view that markets may continue declining could be correct and we shall have to see but it just shows you are human and not perfect just like the rest of us on here and we all will make errors, make losses and get things wrong. We should not be scared of that and I think it is great that 1knocker has shared that with us as it shows he is no coward hiding. It is far easy to hide and attack others and not disclose anything yourself and 1knocker has provided a refreshing balance on this thread.

[1knocker] 05/10/2022 22:35

Possibly, One F. But it is nowhere near there yet. At present, it is a speculation.No asset about which people argue on the one hand 'its going to $1m' and on the other 'its going to zero's anything like a store of value. Personally, I think it very unlikely that anything intangible, which is dependent upon third parties for its existence will equal let alonesupplant gold as a store of value, but I accept the possibility. That will take a long time though, at least a generation, and it will need to become 'boring'. So long as people dream of the bitcoin they own growing to a value to retire on it has not even reached first base. None dreams of the gold sovereign grandma gave them funding their retirement! Gold is not a 'good investment'. It is a way of sidestepping the risks both of holding depreciating fiat, and the risks of speculative investment. BTC is, and for the foreseeable future will remain, a speculative investment. It may prove a good speculation, but that does not make it a store of value, any mare than is a holding of Amazon shares. You won't grow rich by holding gold, but by putting wealth you already have into gold, you expect to stat rich. Of course, you can speculate in gold, buying and selling, and you may win or lose on those TRADES by you do not over time win or lose by HOLDING gold. You broadly maintain your purchasing power.

[one_frankel] 05/10/2022 21:30

...But thats my point Knocker and there's nothing to say BtC will not head towards the same exact path in future too and as a store of value buddy.

[1knocker] 05/10/2022 21:27

13 years after gold was first discovered One F, I am sure it was not a store of value.

[one_frankel] 05/10/2022 20:42

I'm pretty sure Gold in its relative infancy also had extensive volatility but probably not to the extent of BtC Knocker because they weren't even aware during those primeval times of golds availability nor even how accessible it was and it takes time for the masses to adapt and build confidence in acquiring something so fresh! ...And yes of course Gold has some form of intrinsic and tangible value but the 'Blockchain' has huge potential for the wider economy and across the board with sectors...And theres no doubt that we are bearing down a path of a fully integrated digitised global financial system because the last one as you well know has been stretched, squeezed and squashed as far as it can and it won't be Gold that ultimately reigns supreme in future as its nothing more than a steadily appreciating asset much like a house! ...But I do have my doubts about BtCs future sustainability predominantly due its limited 'Use Cases' but just look around the crypto sphere to see just how compelling others are and you'll be pleasantly surprised! ...Knocker, you're not looking at this in the right way but no offence intended my dear friend!

[1knocker] 05/10/2022 20:24

Read my post Bap. BTC IS NOT A STORE OF VALUE. I could point to many stocks which have outperformed gold for 13 years BUT THAT DOES NOT MAKE THEM STORES OF VALUE, merely investments which have performed well over 13 years. You do not seem to understand what the term 'store of value' means. Sold my small holding in Block today, at a small loss. I don't like the way the interest hikes are beginning to cause market stresses. Time to pull in our horns. I see turbulent times ahead. The time to buy will come, but it is not here yet.

[bapodra_investments] 05/10/2022 20:03

1knocker - Can you provide any credible evidence that Gold has been a better store of value than Bitcoin if you had invested $1.00 13 years ago in both at the same time on the same day?You can divert everyone's attention and argue whether BTC is a store of value or not and distract everyone from the fact that Gold is not better store of value than Bitcoin over the past 13 years. The 5000 year point is neither here or there. I am not against Gold and Silver from a trading perspective and I will continue to trade both Gold and Silver both long and short but I am sorry but explain why the purchasing power of Gold is higher than BTC over 13 years.

[1knocker] 05/10/2022 18:53

BTC is not a 'store of value'. It is absurd to describe an asset which is as volatile as BTC, and potentially subject to destruction by advances in computing enabling it to be hacked, or new blockchain iterations which which might render it obsolete as a store of value. You might as well describe ARB as a store of value because it could have been purchased years ago for 3p, is now 12 times that, and has been 100 times that price, and some believe it will be again! BTC may be a good speculation if one buys when it is low and sells when it is high (as also ARB), and it is undeniable that anyone who bought it when it was first created has done very well indeed if he still holds it, or indeed if he had sold at almost any time since that very early purchase, but that is an entirely different matter. You might as well claim that any share which is up and seems sound is a 'store of value'. A store of value is an asset which can be relied upon to maintain its purchasing power indefinitely from the date of its purchase. Gold has a 5000 year track record, farmland a couple of thousand years. Those are stores of value. It is essential to distinguish between stores of value, speculative assets, and investment in trading enterprises. There is a distinction between a field and a farming business for example, just as there is between a bar of gold and a gold miner, and between BTC and a BTC miner,

[bapodra_investments] 05/10/2022 17:44

If you invested $1 dollar in Bitcoin or Gold, below is what you would have made. You all can judge for yourself which has been the best store of value over the past 13 years! Bitcoin vs Gold over 13 years Https://charts.woobull.com/bitcoin-vs-gold/

[bapodra_investments] 05/10/2022 12:31

One_Frankel - I can only hang on to BIXX Limited as I cannot sell them! LOL I would happy if they got consolidated with Vela as that would provide me with at least some minor liquidity for those shares. I agree with you that those companies which have diluted their shareholders to oblivion and issued billions of shares are going to see a lot of pressure on their share price and this is what those 'Bulls Only' on the Blu thread simply do not understand.

[amaretto1] 05/10/2022 12:20

LND finding punt buyers !

[kemche] 05/10/2022 11:46

whose - is a possessive pronoun who's - is a contraction of who is or who has.

[amaretto1] 05/10/2022 11:45

Well I'm in frank .. cheers for hi lighting ! It's peanuts for the Chinease investor .... he's got a fabulous car with no Aston Martin badge !!

[one_frankel] 05/10/2022 11:39

With regards to AML, yes absolutely theres a real risk it won't be able to fulfil its indebtedness in future but the 'Brand' has such international stature that it will either be taken out privately or by a larger peer and the placing was around the current price so I honestly do believe its becoming quite interesting now buddies!

[one_frankel] 05/10/2022 11:30

Bapodra, a near 100% demise since we sold Vela!...But I think with JN retiring in due course and good old Laiker back as NED, theres a good chance of BIXX being consolidated with Vela so hang on to those shares buddy! ...'Small Growth' companies with billions of shares will be falling to the wayside sooner or later man especially in these dire market conditions!

[amaretto1] 05/10/2022 11:01

Just looking at the Porsche IP0 ..80 billion....Surely AML is worth 5B !

[bapodra_investments] 05/10/2022 10:32

Ameretto - you and one Frankel maybe right. Keep us updated on that one.