Argo Blockchain Share Discussion Threads

[scottman72] 12/2/2020 17:09

Jorgz,

Sounds like a wonderfully idea. Move out of the ISA for a lost 10% gain and miss out on multiples of eventual gain....

Now why didn’t I think of then?


Errrrrrm

[jordz79] 12/2/2020 16:43

With that train of thought you are putting the point across that the Bitcoin price stays flat on a consistent basis.

I doubt you have invested in Argo with the mindset of the Bitcoin price remaining stationary.

What is occuring is that Bitcoin is increasing in price and your investment is standing still.

[geheimnis2] 12/2/2020 16:36

Pretty simple Jordz

A simple example

ARB churns out cash every month at the current BTC price

If BTC price stays flat, ARB cash balance will grow and grow and the share price will rise

I will let you work out the rest

[jordz79] 12/2/2020 16:29

Scottman,

Move your funds from your savings account then, and buy Bitcoin directly as advised.

You only pay tax when you convert the Bitcoin back to money, and return to our bank account.

As you are currently out of pocket by 30% by investing in Argo rather than Bitcoin directly this should answer your query regarding tax liabilities.

[scottman72] 12/2/2020 16:22

Jorgz
You don’t understand.
You can’t buy BTC directly from most savings accounts that are beneficial tax wise.

[yump] 12/2/2020 16:16

jordz79

You do understand the word 'retrospective' don't you ?

[jordz79] 12/2/2020 16:09

Just buy Bitcoin(s) from an exchange and send them to a private offline storage wallet.

The process is just as simple as setting up a brokerage account for a share account.

Year to date stats are below, and how much better off you would be to own Bitcoin directly;

Owning Bitcoin Direct = 50% increase in value since YTD
Owning shares in Argo = 22% increase in value since YTD

So in effect we are losing out just under 30% by owning shares in Argo.

Your investment so you all do as you wish. I dont invest to be losing out. Simple as that.

[yump] 12/2/2020 16:05

That's retrospective reasoning as well. If BTC had not gone up, but ARB had....???

ARB could make good profits regardless of the BTC price. They're not necessarily linked.

Surely that's the reason for investing here.

[scottman72] 12/2/2020 16:01

Jordz79,
Can you let me know which stocks and shares ISA let’s you buy BTC directly, for instance.

[jordz79] 12/2/2020 15:58

Well i can put it more bluntly if you all like.

Why are you all investing in Argo if you can get a 30% better return on investing directly in Bitcoin.

Argo has to provide something to investors which provides a similar return or whats the point?!

I am giving it until next week. If performance doesnt correlate directly with Bitcoins price i will be pulling my investment in Argo. I see no point in this investment if it isnt performing as it should.

Just imagine if Bitcoin hits $14,000 in the coming weeks and Argo's share price is still within the 7.3 - 8 range. You get my point!

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[yump] 12/2/2020 15:41

???

If it doesn't matter about the seller, but that is what is causing the drop, where's the logic in emailing the company, as they can't do anything about it ?

Its up to people to decide whether they invest here or in BTC directly. Nothing whatsoever to do with whether ARB understand that or not. Why should they ?

[geheimnis2] 12/2/2020 15:40

jordz - no reason ARB should follow the same share price action as before - depends how confident people are around the ongoing price of BTC

[jordz79] 12/2/2020 15:35

The more investors email Argo to ask questions the better;

[e-mail]

As many people feel on here, we managed to reach above 11p when BTC last reached 12k and had fewer machines.

Something isnt correct here. Wouldnt be suprised if there is insider trading going on or Mike Edwards is dumping his huge volume of stock to refinance his esports venture.

Anyway it doesnt matter about the mysterious seller bring this stock down. The Company (ARGO) needs to understand people are better off investing directly in Bitcoin rather than Argo when the Bitcoin prices are rising but this stock is relatively stagnant.

Again i cant urge people enough to start emailing the company like i have done;

[e-mail]

[hootza616] 12/2/2020 14:52

Well we managed to reach above 11p when BTC last reached12k.We had a lot fewer machines then also!HIVE up another 10% on opening btw!

[1new guy] 12/2/2020 14:19

Hootza, it makes zero sense at all. I have been called an idiot for loathing how this share price seems to behave totally contrarian. BTC now $10414 and poised to go higher. Still the ARB price languishes or falls. There MUST be a reason for this but we as PIcsseem to be given mushroom status. I love the optimism but remain despondent at it's ever being assuaged. As I said last time out, $50,000 BTC would appear to require, then, 4p ARB! A selling binge whacks it down, a massive buying spree does the bloody same. Sickening, I'd say.

[suffersnofools] 12/2/2020 14:14

This Is the small caps - buy/sell data is just another obfuscation tool for the mm'sWe'll soon catchup - free float will be virtually zero around these levels by the time the seller is cleared. Just a matter of time until we put in a 25pc plus day....

[scotty666] 12/2/2020 14:10

Main thing is BTC is up the over 20% v January and mining difficulty flat due to issues in China

[hootza616] 12/2/2020 14:04

Been doing that for months sub 7 and 6p.I'm all in and not concerned. Just mildly frustrated that due to the seller we are missing a leg up courtesy of BTC increase.The first 650k buy was at 7.44, the second buy at 7.5 and the bid went up to 6.6 for a short time after.I'm no scientist but....

[orm5] 12/2/2020 13:53

Sure is - let's hope the seller is cleared soon and the elastic band is released!

[suffersnofools] 12/2/2020 13:50

....,and you know they are buys how exactly?We've had a seller for months, I don't understand the concern. Use the apparent weakness to buy more.