Argo Blockchain Share Discussion Threads

[yump] 29/2/2020 12:56

There's all sorts of clever stuff written about market sell-offs, but every time they happen they are indiscriminate, because its fear that drives them.

If you're surrounded by a pack of dogs, you just go up the tree and wait for help, you don't try to guess which is the least dangerous to run past.

[scottman72] 29/2/2020 11:18

Primarily mining digital Bitcoin but also a little Equihash.

Stated that they were lucky to have used capital to buy hardware at the start of a more efficient cycle and want to be at the front of future releases of more efficient machines (note, new release happened this week).

On halving, expecting a decline in the mining difficulty. A number of legacy machines will be unprofitable to run with a general expectation of 15-40% reduction in difficulty. But ARB looking at a more conservative 20% reduction. ARB will still be generating positive cash-flow post halving. Expect Bitcoin this to continue to grow and believe bitcoin will be here in the long term. Still in the very early days of its life cycle so get on the train now.

Looking at selling bitcoin on a daily/weekly basis. ARB try and look at the major trends and manage funds around these (so presumably hodling at the moment whilst low).

After 17,000 machines looking at options and decisions based on market conditions. Deciding between re-investment and return to shareholders. Trying to be aggressive but also smart as to how and when to reinvest.

[hootza616] 29/2/2020 09:38

What was the other crypto he mentions?

[trustmeimastomach] 28/2/2020 22:07

Listen to "Argo Blockchain Mining and Russ Mould on the Market Sell Off" https://www.voxmarkets.co.uk?mediaAssetId=5e5914be052336001724ec8a @VoxMarkets

[roger207] 28/2/2020 19:01

Historically descending until May

[hootza616] 28/2/2020 13:31

Can't understand how BTC can be any more risky than 3 months ago? Mining crypto in the wilds of Canada must be somewhat immune to a virus even if the whole world gets it! Which in my view is inevitable.

[topazfrenzy] 28/2/2020 07:54

This could now be seen as a safe haven stock with this virus thing, hardly any staff, machines doing the work, isolated in Canada, no debt, a money printing operation just about ..

[topazfrenzy] 27/2/2020 22:54

I'll be adding tomorrow, Bitcoin is the only global safe haven, buy or die.

[roddyb] 27/2/2020 22:13

But at least I am honest about it- ARB, more ramps than Evel Knievel on this BB

[scottman72] 27/2/2020 21:11

Yup.
The think you are
LOL

[john henry] 27/2/2020 16:27

Hashrate has been falling ? so how is the difficulty rate rising ?

[topazfrenzy] 27/2/2020 15:54

I started buying back ARB today

[roddyb] 27/2/2020 15:27

If you want to cash in on the coronavirus in UK, you could buy Dignity? They seem like the only bluey on my UK list today.

[roddyb] 27/2/2020 15:25

immune to the coronavirus but not immune to the escalating difficulty rate. Those posts saying Buy, Buy, Buy look a bit odd now?

[stoneme] 27/2/2020 13:48

Time for another punt . .I think I will get 5p. Let's see. Sadly for me nothing has changed with company in terms of setting our clearly how they are accounting, and what longer term investment opportunity this offers.It remains for me punt money.

[topazfrenzy] 27/2/2020 13:19

This is probably one of the few companies immune to the Coronavirus, mining machines cannot catch it

[ptolemy] 27/2/2020 12:18

I read that BTC has halved on two previous occasions. On both price fell into the halving and rose afterwards. Not a big sample, but we don't have enough history of BTC to give us big sample size.

[hootza616] 27/2/2020 11:51

Has everyone run for the hills?Anyone still bullish on BTC leading up to halving?Consequences for ARB if BTC stays in this range?Consequences for BTC mining industry as a whole?

[hootza616] 26/2/2020 18:19

Shocked by the BTC reaction. Bet my mortgage on it responding positively to world health scare.

[barnetpeter] 26/2/2020 13:41

you cannot time the mkts exactly and 5.7p was fair.

[barnetpeter] 26/2/2020 12:24

barnetpeter16 Feb '20 - 23:54 - 3210 of 3285 Edit
0 0 1
Sold out last week at over 7p. Would be pleased to buy back at below 6p. I have decided that small gains only are likely here.

Back buying today. Think we might see below 5p if the mkts continue to tank. Remember this was just 3p a year ago so nothing can be taken for granted.

[hootza616] 26/2/2020 10:59

Never expected to see sub 6p again!Tempted to swap some other stagnant investments! Soon I will be all in here! Don't tell the wife!

[mnomis] 26/2/2020 10:58

PS - I am broadly in line with post 3253. Est. 285 BTC, $2.8m rev for Feb.

[mnomis] 26/2/2020 10:13

Big drop today ... picked up some more (as I have been selling out of a lot of other things). See this as a hopefully uncorrelated asset, but who knows. Per my trusty BTC calculator, all is good. Look forward to next operational update ...