Argo Blockchain Share Discussion Threads

[suffersnofools] 04/5/2020 09:23

Garth - the Dow correlation concerns me as well. I'm short the indices so thats my hedging strategy.

[topazfrenzy] 04/5/2020 09:07

stay in cash whatever no one cares

[garth] 04/5/2020 07:36

Glad to be able to brighten your morning Topaz.

KR.

G.

P.s I actually think that BTC is providing something of a Canary visual on DOW sentiment to some extent which is potentially useful for those of us who aren't glued to market screens silly hours or watching futures. But that is a hunch - I haven't looked at it closely enough.

[garth] 04/5/2020 07:22

FWIW, having been a holder for months, not years, and a buyer on the dip, I sold my holding last week. I expect to be back at some point. I bought in as something of a hedge against currency devaluation - and I reckon that we will see a new BTC bubble at some point. For now, however, BTC is tracking the DOW too closely to provide any short or medium hedging for me. Hence out. That isn't about ARB, its about BTC and the DOW. Market is balanced on a knife edge - the cash from this one is king for me right now. And I reckon pharma/bio is a better hedge than BTC.

Just a view. No advice intended. Just offering a conservative perspective.

G.

[barnetpeter] 03/5/2020 22:34

I predict a strong move up this week. Bitcoin is just below 9000 now. I see there is a strong long view and I see 10,000 level being attacked soon. Warren Buffett said put your money somewhere as interest rates threaten to go negative and with bonds being poor value and equity looking dangerous gold and bitcoin look likely

[topazfrenzy] 03/5/2020 22:06

aiden is an idiot, ignore everything he says, he just quotes rubbish he reads in cointelegraph and then adds his low I.Q. take on it

[horneblower] 03/5/2020 21:59

So, is the concept of crypto currencies that they hold their value when the dollar and the euro etc inflate themselves into oblivion?

[dilip40] 03/5/2020 16:37

hi aiden post 4141 tanks for the link for crypto etfs

[sf5] 03/5/2020 16:33

Two mildly supportive posts on BTC in concept:

[hootza616] 03/5/2020 15:47

Has anyone worked out the current ARB mining break even price of BTC pre and post halving? I would be happy to see it go close to this so all unprofitable miners turn off their rigs and let us fly! I remember Scotsman had it at $2700 some time ago which I guess will mean around $6000 post halving.

[aidenabettin] 03/5/2020 15:03

Depends on what other deals are being done behind the scenes with the Canadians that we dont know about. With all the new machines up and running I'm sure ARB would be quite happy with BTC between $9k-$10k. Halving a week tomorrow and it will be interesting to see how many miners go offline. Cant fault ARB's progress

[stoneme] 03/5/2020 14:35

I think more likely, if both the BTC script and ARB efficiency is believed, they will be a target, rather than a buyer. At 10-15p it not a huge amount of cash for one of the giants, or for a tech company looking to get in to this space.

[aidenabettin] 03/5/2020 14:16

I think you will see a number of M&A events in the mining sector post halving as I dont see a massive spike in BTC. Purpose of halving imo is to drive out as many miners as possible

[aidenabettin] 03/5/2020 14:13

ARB are a $16M mkt cap company.Where does the growth come from and are they looking at mid to long term prospects?.Looks like they are just going to plod along increasing capacity bit by bit. Recent figures are impressive but we must be looking at another year/2years for any decent growth unless they increase capacity dramatically..At $16M mkt cap they must be a target

[suffersnofools] 03/5/2020 14:05

So buy up out of date hardware in poor geographic locations, no access to the cheap power deals secured in Quebec with duplication of overheads. Then add in the legal costs and associated burden on our nomads to deal with the regulatory requirements?Genius! LolGlad you're not running the Co :)

[aidenabettin] 03/5/2020 14:00

The Big are getting Bigger .At the cost of decentralization?. hTTps://cointelegraph.com/news/binance-pooling-up-mining-game-amid-centralization-concerns

[scotty666] 03/5/2020 13:49

Why wouldn’t they just scale up current low cost operations? Nothing to gain by M&A imo

[aidenabettin] 03/5/2020 13:13

I would like to see ARB grow through M&A as the long term future of BTC will be due to large BTC miners not having to sell the mined BTC just to survive. Halving will see casualties for many border line operations that walk a thin line between profit and loss and dont have cash to invest in more or newer machines. That's where I think ARB could step in and get a bargain. I dont see BTC rising enough short term to save many of those miners

[aidenabettin] 03/5/2020 13:07

Yep because it's going to happen. Delayed due to regulations at a time when so much scamming was around the ICO set up. We have moved on a long way since then. hTTps://cointelegraph.com/news/institutional-investment-builds-in-q1-2020-crypto-funds-see-increase-in-holdings.The institutions are coming on board and the Oil price crash has certainly helped the crypto cause

[hootza616] 03/5/2020 12:50

That article is from 2017. Are you sure it's worth keeping an eye on it?

[aidenabettin] 03/5/2020 12:33

24hr $BTC H: $9200 L: $8811.Volume: 722M.Slow and steady