Argo Blockchain Share Discussion Threads

[topazfrenzy] 24/12/2019 08:30

Buy the dip!

[parsons4] 23/12/2019 18:20

base7 come on who can read the BTC market I would imagine they have a policy for selling on a regular basis as they are MINERS not INVESTORS. I am very comfortable here even though I am making a loss on my rather large (for me) holding !!

[base7] 23/12/2019 18:00

Does anyone know whether our CEO has continued selling our produce as soon as they are mined or may they have accumulated some stock ahead of an expected bounce in the share price ?Hindsight is a wonderful investment tool but we should hope our CEO has an ability to read the market in a way which is beyond we mere mortals

[dafad] 23/12/2019 12:43

The stock for 2020 imho

[ragnarr] 23/12/2019 08:37

Thanks for correction orm. Looking forward to the new year here :-)

[topazfrenzy] 23/12/2019 08:07

Getting as many Bitcoins in the bag before the halving takes place

[orm5] 23/12/2019 08:05

That RNS was replaced. 7000 machines operational as of 11th November. 17,000 machines by the end of Q1 (31st March 2020) with machines expected to arrive in batches from early December

[topazfrenzy] 23/12/2019 08:04

Bitcoin has started its bull run folks, face ripping rise coming before halving and beyond

[ragnarr] 22/12/2019 20:20

There should be more than 7000 nsvhines operational now - the October update stated

- The total number of machines in production stands at 6,000 and the Company is on track to install approximately 6,000 more machines, currently on order, before the end of the year.

Assuming all is on track that makes approx 12000 machines by YE.

[pakenham] 22/12/2019 19:32

17000 mining machines: 'Mike Edwards, Executive Chairman of Argo, said: "This amended order represents another significant expansion of our mining infrastructure to become the world's biggest publicly listed cryptominer...'

[pakenham] 22/12/2019 17:49

might be 250k by xmas at this rate lol - real sunday surge - hopefully mms wont gap up too much tomorrow and can add at these silly levels. It is possible this could have the lowest pe of all time soon.

[pakenham] 22/12/2019 08:55

not right jh - he sees 250k as conservative 6-12 months after halving in a few months - he called 10k years ago and he actually undershot!!!

[john henry] 22/12/2019 08:18

Draper actually said BITCOIN may go too 250,000 late 2022 early 2023

[orm5] 21/12/2019 21:26

Agreed, 2000 machines produced 168 coins for the month of July.7000 machines as of December I was estimating 280 coins based on increased difficulty rate

[john henry] 21/12/2019 11:45

orm5 its not a linear calculations the more machines that come on the Mining market the less Bitcoin is mined per machine.

[pakenham] 20/12/2019 20:03

btc going to quarter of million next year draper says - arb would be £zillions a share on that basis gla

[ragnarr] 19/12/2019 23:59

Grayscale Sees Massive Bitcoin Inflow and It Means Institutions are HereInstitutions have long been looked upon by Bitcoin and crypto investors as a mysterious force that would help catalyze the next major bull run. Throughout 2019, however, there was much less brazen institutional involvement than was previously expected, which greatly disappointed embattled investors.In spite of this, a recent report from a digital asset management group elucidates that institutions are, in fact, flooding into the crypto markets, and this trend is likely to spill over into 2020 and beyond.Grayscale Bitcoin Investment Trust Sees Massive Inflows in Q3 2019 Grayscale's Bitcoin Investment Trust – which allows retail and institutional investors alike to gain exposure to Bitcoin by buying shares of the trust, has seen a massive inflow of funding throughout the latter half of 2019, despite this being the time at which BTC began its ongoing downtrend.Vision Hill Group, a digital asset management group, spoke about this trend in a recent blog post titled "An Institutional Take on the 2019/2020 Digital Asset Market," explaining that the influx of funding to Grayscale's Bitcoin product comes in the face of a firm bear market."In Q3 2019 the Grayscale Bitcoin Trust experienced the heaviest quarterly inflows ($171.1 million) in the product's six-year history. Across Grayscale's platform, dollar-denominated inflows hit the highest level ever in Q3 2019 and reached $254.9 million, up more than 200% quarter-over-quarter from $84.8 million in 2Q 2019. This is despite a -23.3% drawdown in bitcoin's price over the same period.," they explained.It is imperative to note that the increase in the amount of funds being allocated to the Grayscale Bitcoin Trust shows that crypto unsavvy groups and individuals – who don't know how (or don't want) to purchase Bitcoin via traditional digital currency exchanges – are flooding into the markets at a rapidIn addition to the products offered by Grayscale, a significant amount of other institutional gateways into the cryptocurrency markets have opened up throughout the past year, with major players within the financial markets including TD Ameritrade, Fidelity, and NYSE parent company ICE, all releasing various Bitcoin related trading services.It is important to note that the report explains that in the eyes of institutions, the crypto industry is divided into two parts: Bitcoin and "everything else."Ceteris Paribus, a popular figure within the crypto industry, spoke about this section of the report in a recent tweet, saying that he believes Bitcoin is the only thing within the markets that will become a "macro asset.""This is pretty much how I view it – Bitcoin & Crypto. I don't think Bitcoin will be all we get out of this, but if we do, I'm fine with that outcome as well. Bitcoin isn't guaranteed to work either, but if anything in 'crypto' is going to become a macro asset, it'll be Bitcoin," he noted.

[hootza616] 19/12/2019 13:57

As usual heavy selling in the morning and buying in the afternoon.When will this seller cease?

[supercity] 19/12/2019 12:20

I don't know what an inverse head and shoulders indicates but judging by today's share price - it's not positive

[topazfrenzy] 19/12/2019 08:39

Inverse head and shoulders was formed on that late spike yesterday ..

[hootza616] 19/12/2019 08:10

A 10 percent rise in 4 hours is certainly a bounce.It seems no matter how much the media want to report a massive drop it keeps bouncing back.I still feel it needs to drop below 6500 before the rise to 12k before halving.Come on ARB let's see another 10% rise in share price today!

[ragnarr] 18/12/2019 21:59

BTC trying to bounce Topaz

[orm5] 18/12/2019 21:18

*correction: June mining results were based on much less capacity - there was just over 2000 machines operating then.

[orm5] 18/12/2019 21:16

220PH was by the end of Q3 and delayed slightly. The July mining results were mined on less capacity.7000 machines operating since mid November. I estimate this could achieve upto 280 coins per month and upto 680 coins per month once we have 17,000 machines operating

[w1ndjammer] 18/12/2019 16:17

yep looking forward to the dividend.........

WJ.