Argo Blockchain Share Discussion Threads

[topazfrenzy] 11/5/2020 07:46

I really want to see a dividend soon here however, or a stock buy back, and some retention of Bitcoins to sell later in the cycle

[topazfrenzy] 11/5/2020 07:45

NO debt ...

Cash cow ...

Halving ...

That is all you need to know

Do not trade, just accumulate at these levels ..

[suffersnofools] 11/5/2020 07:12

.....and mining difficulty will drop as inefficient miners become unprofitable.Nothing we or the market didn't already know.

[supercity] 11/5/2020 07:04

Lol you make me laugh

[topazfrenzy] 11/5/2020 06:58

all the bores like supercity are back, with no clue whatsoever about the crypto space

go back to bed zzzz

[parsons4] 11/5/2020 06:29

Just watched the morning news $253 trillion worth of world debt. BTC max rough value now $200 billion. There is no doubt in my mind that 1) the number of investors and the quantity of money to be invested in BTC must increase as investors look to spread and protect their money. and 2) The more efficient miners should be profitable not only from actual mining but also from the likely increase in the value of BTC. There I did not use the word FACT once. The only FACT at the moment is that the World is in a FINANCIAL MESS due primarily to COVID-19 but was going that why since 2008 because of the steady increase in BORROWING hence the horrific $253 trillion figure. Exciting times for ARB !!!!!!

[supercity] 11/5/2020 06:26

Mining reward will halve around tomorrow lunchtime.The price of mining one bitcoin today in terms of electric will be the same to mine half a bitcoin tomorrow afternoon.Unless the bitcoin price rises significantly (currently lower than it was in February) then the continual drop in mined coins and margin from Argo will look very bad for the month of May compared to previous months.A few facts there for you.

[hootza616] 11/5/2020 00:52

You may be mistaken. (Fact)

[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