Argo Blockchain Share Discussion Threads

[topazfrenzy] 10/5/2020 22:58

Keep mining those Bitcoins, that's what matters, 24/7

Keep buying any dips here

[scrutable] 10/5/2020 16:20

The demand for BTC must continually increase as a result of global chaos.(FACT) The difficulty (and cost) of mining is about to double. (FACT) There is nothing new to spot in that. No surprises other than the possibility of a takeover(?). (FACT),

This must wipe out at least a small part of competitors mining.(FACT) As far as there is any logic driving the price, the long term trend must continue upwards subject to short term volatilility and "noise".

What is there to debate at that?

At the current price just short of $10,000/BTC, ARB with 18,000 machines belting out Bitcoin, with ultra low price electricity contracts, the company is not only still highly profitable.(FACT), but also spewing out cash (FACT)

The shares remain a rare port of safety in the current storm (ASSERTION WORTH MAKING (???)

[plat hunter] 10/5/2020 15:59

Sorry Mcfly you are correct... i hadn't noticed that they were posted last week.The rest of my post still stands though... It's still loss making and no real plan for growth other than..."Progress made in 2019 means that Argo is now favourably positioned to capitalise on the biggest change facing the industry in the past four years - namely, the halving of Bitcoin rewards available to miners which will occur in May of this year"The problem with Tech is that as soon as you've installed it, it's already out of the date.It's a pump and dump vehicle, this company will ultimately fail and an investor's only hope for profit here is volatility.

[mcfly79] 10/5/2020 15:36

The audited financial statements for the year ended 31 Dec 2019 are on the Argo website.

[suffersnofools] 10/5/2020 14:55

Hmmm, not sure you have much knowledge about crypto - or any in fact!

[plat hunter] 10/5/2020 14:25

Halving events have the same dilutive effect as placings do.BTC mining is essentially a race to the bottom.Given that there arn't any audited financials to go on, absolutely no one can ascertain whether ARB are actually making any money orbfor how long they can do so for.Nothing but a punt and any assertion to the contrary is pure fantasy

[dennisbergkamp] 10/5/2020 14:03

Yes Yump but there’s obviously going to be a basic correlation with the btc proce at a minimum

D

[yump] 10/5/2020 13:16

I don’t know why anyone expects arb to move with btc. Arb’s fortunes depend on btc price combined with time and a load of other factors.

[suffersnofools] 10/5/2020 08:45

A 10% move - pretty standard for BTC All new asset classes go through this stage

[aidenabettin] 10/5/2020 07:45

Up 150% since march to year high.Only a problem when going back down apparently .Volatility will be around for some time to come.Buy, HODL and forget

[brasso3] 10/5/2020 07:42

BTC was getting overbought at $10,000.

It fell to $8,200 and touched the 200 week MA. Classic BTC move and bullish IMO.

[parsons4] 10/5/2020 07:31

Wow !!! that is exactly why I wouldn't have a position in BTC !!! talk about volatility !!

[blackrolie00] 10/5/2020 05:56

Argo never gets a chance to reflect the gains btc has made

[aidenabettin] 10/5/2020 05:52

Short time is becoming as regular as clockwork and very predictable.12:00-02:00.Get a short on before bed to wake up with a profit

[j4ckthehat] 10/5/2020 02:48

At the moment ,huge ouch

[aidenabettin] 09/5/2020 20:22

hTTps://zycrypto.com/how-tokenized-real-world-assets-can-help-crypto-investors-beat-volatility/

[brasso3] 09/5/2020 16:09

Nice wedge forming on the BTC chart

[aidenabettin] 09/5/2020 13:03

Is there any darker place than the city of london corporation?

[parsons4] 09/5/2020 12:58

Let's face it 21m BTC is worth a tiny figure compared with the world amount of FIAT currencies, that's why such huge fanciful prices has been put on the future price of BTC

[dennisbergkamp] 09/5/2020 12:55

Like a hedge against Cyber s/w companies! ;-)

D

[dennisbergkamp] 09/5/2020 12:55

Blackrolle00, thats what I have thought all along... i.e, worse case it goes back to the dark web where it started being used in the main.

D

[suffersnofools] 09/5/2020 12:35

That's rubbish though. In places like Argentina, Venezuela and South Africa, BTC is a legitimate defence against corrupt governments and rampant inflation.

[aidenabettin] 09/5/2020 12:28

The negatives for ARB are very poor city connections who are associated with bucket shop activity.Eventually though even the bucket shops will need to get into legitimate business when the money laundering becomes more difficult because of Blockchain. BTC is the future and we are only at the beginning. Minor miners have to be removed over the next 4-8 years. But we will only ever have 21M BTC. It will be a major store of value eventually but a lot of money has to be laundered from offshore first