Argo Blockchain Share Discussion Threads

[peted81] 18/12/2019 14:39

If the planned expansion of machines is going to plan, Argo will fly next year regardless of the Bitcoin price.


Figures from this years RNS updates:

02 Jul: Argo expect to mine 161 bitcoin in June.

04 Jul: Currently mining at 220 PH

30 Oct: the expansion will take Argo to 640 PH


So... Increasing capacity by 2.9 = 161 to 468 bitcoin per month

Even at today's bitcoin price that's $3.1m per month.. $37m per year.



Granted, I haven't factored in difficulty adjustment, but this should still be tens of millions profit

[topazfrenzy] 18/12/2019 10:46

Whenever there is common consensus it bounces back harder and sooner than anyone expects

The whales will play a blinder, a 30% rise in a matter of an hour, that's how the money is made with Bitcoin, if you stay out you lose out, anyway I'm more interested in ARB at these levels, it's cheap cheap cheap

I predict $50,000 this time next year

[horneblower] 18/12/2019 10:30

For months the btc chart has suggested that 4,000 is a distinct possibility and 6,000 is almost a certainty.
I believe it will bounce hard but not until at least one of those milestones is reached.

[topazfrenzy] 18/12/2019 10:12

Bitcoin is declared dead every 6 months, only to bounce back bigger than ever

I'm happy adding and holding ARB at these levels, it'll be bought out suddenly I think, in 2020 even, upwards of 30p a share

[hootza616] 18/12/2019 09:41

I think those claims are still valid.But the opposing claims are equally apparent and as likely to be right as any. There is no way of really knowing and anyone who claims to know is deluded. The crypto market swings both ways in response to so many factors, and is still a very early stage disruptive market, misunderstood by many and dismissed by those in power. My personal view, if you are interested, is that BTC will replace gold as the definitive store of wealth within the next 10-20 years.

[topazfrenzy] 18/12/2019 08:38

Watch that space!

You have been warned!

The time to buy is NOW!

[roddyb] 18/12/2019 07:38

I doubt the time to buy is now, nor back up any trucks. Everyone on here in October were making wild and completely unfounded claims of BTC’s imminent performance - you may as well backed your truck up and over the cliff.

[ragnarr] 18/12/2019 00:33

NewsBTCBTCWith Bitcoin collapsing by 5% in the past days, moving from $7,150 to $6,750 as of the time of writing this, traders have once again flipped decidedly bearish on cryptocurrencies.They fear that this latest move under the key support of $7,000 will precede a strong capitulation event, one reminiscent of the collapse from $6,000 to $3,000 seen in late-2018.What's ironic, though, is that this latest drop has resulted in the Bitcoin chart printing a key bullish technical signal purportedly that was seen when BTC found a macro bottom Thomas Thornton, a hedge fund services specialist and market analyst, recently posted the chart below to Twitter, showing that a Bloomberg chart of Bitcoin with the TD Sequential Combo indicator suggests that BTC's current candle is on a "buy 13."13 candles, the TD Sequential suggests, are indicative of impending price reversals.Not only is the 13 TD Sequential candle inherently indicative of a reversal, but such candles have also marked macro swing levels at least twice in Bitcoin's history.Per previous reports from NewsBTC, Tom Demark, the creator of the TD Sequential, took to Bloomberg earlier this year to talk about cryptocurrencies.In his segment, Demark revealed that a 13 candle, which signifies a strong trend reversal, was registered by the TD Sequential when Bitcoin hit $20,000 in December 2017, and that another 13 candle, was seen when BTC cratered to $3,150 on December 14th. What's more, a 13 candle was printed at the $14,000 top seen in June of this year.The historical importance of 13 candles in terms of Bitcoin's long-term price trends implies that BTC has finally bottomed and, as such, is ready to see a strong bullish reversal from here.Not Only Positive SignThis isn't the only sign that suggests a reversion to a bull trend is likely. Per previous reports from this outlet, Adaptive Capital partner Willy Woo recently noted that on-chain momentum, which the popular analyst has long claimed is correlated with Bitcoin's macro price trends, is "crossing into bullish" territory after a multi-month downturn.With this in mind, he asserted that the "bottom is most likely in," meaning that any move lower than the $6,500 plunge "will be just a wick in the macro

[ragnarr] 17/12/2019 23:11

BTC heading for 6500 or lower short term

[hootza616] 17/12/2019 18:56

All could be true!Place your bets, your either in or your out.I do agree though that there's much more to gain from investing in ARB than directly in BTC, because we could be one of the few miners left, hoovering up masses of transaction rewards, even if BTC falls well below 5k, and on the other hand one of the most profitable miners if BTC flies.It's a no lose position! Just need everyone else to see the light!

[ragnarr] 17/12/2019 18:50

Agreed -:)

[riddlerone] 17/12/2019 18:38

Fair comment Ragnarr that line is subjective a bit like
"Fill yer boots, back up the truck, whatever method you use DO NOT miss out"!!!

[ragnarr] 17/12/2019 15:36

riddlerone - comments like - I doubt ARB will be here next year - have absolutely nothing to do with observation. de-ramp pure ans simple

[topazfrenzy] 17/12/2019 12:30

Fill yer boots, back up the truck, whatever method you use DO NOT miss out!

[topazfrenzy] 17/12/2019 11:34

Also ARB could x10 from here while Bitcoin could x5 from here in 2020, so again, the gains are much more magnified if Bitcoin goes bananas, and if in the ISA then tax free

Bring it on!

The clever money is accumulating now.

[topazfrenzy] 17/12/2019 11:32

spot on peted81

[peted81] 17/12/2019 10:25

"why buy a share when you could just buy bitcoin itself"

Because Bitcoin profit is subject to Capital Gains tax, Argo via an investment isa is tax free.

That's my reasoning for being here anyway

[hootza616] 17/12/2019 10:13

BTC has been widely expected to drop to 6500 before its rise into 2020 and the May halving.It is only a surprise to me how low the share price of ARB has gone considering the profitability being sustained with BTC even as low as 2500.I don't see how thy can go out of business being one of the most efficient miners out there.It's a cash machine waiting for the passers by to take notice!

[riddlerone] 17/12/2019 09:42

Sounds more like observation of the BTC and ARB charts to me.

[ragnarr] 17/12/2019 09:29

sounds like shameful scaremongering to me.

[king suarez] 17/12/2019 09:28

Because the share offers a leveraged opportunity that the coin only doesn't?

[topazfrenzy] 17/12/2019 09:28

Back in here, in anticipation of some huge action in the New Year, going towards the Bitcoin halving, expect some big big moves ... some face ripping moves

ARB will be like a cash machine in 2020 and onwards

[supercity] 17/12/2019 09:08

Valid point at the end of your post - if the bitcoin story is so good why buy a share when you could just buy bitcoin itself.