QTB had multibagged in the last few days. ARB due the same, fair value share price 7.4 , top 12-15 share price The 23619 S19J pros will be online soon and hope for a higher BTC price. |
Even well run crypto miners find the going tough without scale and financial muscle. Take a look at the history of another small miner, Soluna Holdings. |
For the benefit of the morons this company is bust though no doubt they are too stupid to realise it. |
Zen and tek are set to fly |
Thanks for this my man and to be fair Marty, I haven't taken much interest in cryptos for the last few years so missed out on the inaugural Trump pump but the more I read, im getting rather keen again except its more towards Alt coins than BtC as they seem to have the greatest potential for growth going forward! |
One_Frankel, give these channels a watch if you haven't for the last few months...
MMCrypto:
The Moon Show
Carl Runefelt Vlogs (From Cashier to Billionaire)
Regards,
M |
Whilst its risen today, well before the US opens!...EW theory was suggesting a fall into the late 80s after 'Wave C' before any upward momentum is sustainable (whatever the fu_ck that means but maybe good old Tykey can educate the less learned here with EW hey!)
...And like Zyd, I too am accumulating in various Cryptos presently, not so much in BtC but the smaller Alt coins as they invariably have the greatest momentum following a year or so after the halving!
...So check the commercial use cases of the smaller coins if inclined and please stay away from all the junk that currently resides in the crypto sphere! |
Hic, Happy New Year
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Buying BTC is unlikely to make one poorer, if you are leaving it there for 6 months, or 4 years.Timing the market means more return potentially, but potentially less.Just DCA into BTC over a few weeks? |
A fair amount of cash has built up in my accounts as a result of a slew of dividend payments over the last few weeks.I am tempted to buy more BTC. On the face of it the current pull back from $100k looks like a buying opportunity, but long and frequently unhappy experience tells me that when everyone and his dog is uber bullish (as seems to be the case with BTC at present) there is usually a further fall to come!
Maybe the better bet would be to back the prospect of increasing activity in the crypto market generally, and top up my Coinbase Globall holding. It is US listed though, so its recent slight dip in its share price has been offset somewhat by the fall in the £ against the $.
Any thoughts folks? |
Owenga, don't forget the state of the art rigs bought and then sold off, unused in their unopenned boxes, for a song. |
Elushi - both Riot and Mara actively buy, never mind Hodl |
The sad fact is that ARB came up with a visionary scheme which the company lacked the managerial skill and financial resources to carry out.
The company raised large sums of equity capital, entered into expensive loan agreements, acquired and started to develop a a state of the art facility in Texas, and bought state of the art rigs.
There was then a fire sale in which ARB disposed of the Texas facility, and the rigs (unused and still in their boxes) for a song. Capital destruction on an epic scale, with nothing at all to show for the money spent.
ARB is now on the road to nowhere. |
There's barely any miners which HODL anymore |
Noirua,
"...to get back ontrack."
Doesn't that sentence suggest that ARB have, at some time in the past, been "on-track"?
When the reality is that ARB has been a hopeless pile of poo for years now, burning cash EVERY year!
JakNife |
As problematic as it may be at least it is confirmed they are seeking a new home for the Galaxy machines. The company needs to see a rise in the Bitcoin price nearer $120,000 to get back ontrack. |
Noirua,
"Bitcoin is on the move and ARBK - ARB is yet to move."
Why would it?
ARB were evicted from their data centre on 29 Dec so have lost 90% of their BTC generation capacity.
As noted in this RNS:
JakNife |
Bitcoin is on the move and ARBK - ARB is yet to move. |
ARB have not mined "BTC" they mined "BTC Equivlents",
Anyone want BTC fakes?
You may be able to sell back to morons and convert to actuall BTC but is like mining sand to find pebble. No sense IMO
Not me.
Just buy the real Bitcoin.
BWTFDIK
SSB |