Argo Blockchain Share Discussion Threads

[amazoner] 18/5/2020 12:09

BTC is heading to $11.500 in few weeks

[aidenabettin] 18/5/2020 12:07

Higher 24hr low $9464

[bisho4] 18/5/2020 12:03

Horneblower's chart from a couple of days ago illustrates the same point.

The micro and macro views both suggest ARB share price should be rising now: BTC is in a good place and poised to rise above $10k, hashrate is dropping suggesting inefficient miners are dropping out, ARB is loaded with the latest antminers and is virtually printing money.

However, the large seller has put a lid on this for the time being but the sells can't continue indefinitely.

This, imo, is the best time to buy. Business model de-risked following the halving, share price artificially low due to large seller.

A little patience is all that is needed at this point.

[topazfrenzy] 18/5/2020 11:27

just buy crypto directly and go to the moon that way, there is something weird going on here ...

this price action is just not right

[royalalbert] 18/5/2020 11:24

If that is true maybe time to buy a few more.

[bisho4] 18/5/2020 11:22

There has been another 850,000 shares sold today so far in large round-number trades, by 10:45am.

If we assume:
- these frequent large round-number trades are all from the same seller
- these sells are all from Eric Chang
- he had 4.5m left last Wednesday
- he sold 1.6m on Thursday
- he sold another 1.6m on Friday

Then he has around 1.3m shares remaining going into this week.

These are big assumptions, and not all sells might be from this same account, but... if these assumptions are close to the mark, then the selling could be done by the end of the day today.

It doesn't seem like this share is being held down deliberately, there is just a large seller depressing the price. The sells are being readily absorbed, so when the selling ends, this will spring up quickly.

[garth] 18/5/2020 10:54

Lol. Where as I am back in with 20% more than I had in April when I sold up - for the same cost.

Just saying. As Topaz said at the time - no-one cares.

:0)

G.

[royalalbert] 18/5/2020 10:49

Hootza do you really need an answer to that?

[hootza616] 18/5/2020 10:45

You completely out again Topaz?

[garth] 18/5/2020 09:15

Thanks Dennis

[dennisbergkamp] 18/5/2020 09:12

@Garth,

Sooomany options but I’d try and get them via one of the popular exchanges - Coinbase for example - and out them in a wallet - trezor or something OR, as I’ve been doing, but via my Revolut Card.

D

[hootza616] 18/5/2020 08:52

The number of transactions in a block is around 500 and a block is mined every 10 minutes. When you say the number of transactions has gone up its true but the time to mine them and so the daily mining reward available is almost static. The variables are the difficulty imposed by the network and available hashrate of the miners.The relatively small number of transactions the BTC network is able to process is seen as one of the negative aspects of BTC and it is the reason BCH was created.

[garth] 18/5/2020 06:49

What platforms are people using to trade/accumulate BTC? Never done it or even looked into it.

ARB has been the limit of my exposure.

Thanks,

G.

[orm5] 17/5/2020 18:00

I'm calculating ARB will mine circa 264 BTC in May. At an average of 9,000UD$/BTC that's $2.38m or £1.95m

[idiot441] 17/5/2020 11:17

Miners receive transaction fees as well as mined coins. Number of transactions have increased and total fee income too.

Transaction fees are now a bigger proportion of income..and most people ignore.

Bitcoin Hashrate Now: 85.89 EH/s 

May income may surprise - to the upside

[hootza616] 17/5/2020 10:49

The number of transactions is consistent at 1 block every 10 minutes. Or did you mean something else?

[idiot441] 17/5/2020 10:42

Cost per transaction is only half the story... need to also check numbers of transactions

[hootza616] 17/5/2020 10:29

According to the average cost per transaction data on blockchain.com it is down to $28. It was $66 a week ago suggesting that costs have more than halved.

[aidenabettin] 17/5/2020 08:26

In response to the J.K.Rowling question 'what is bitcoin'?. hTTps://youtu.be/EDyQEUZ0PlY

[aidenabettin] 17/5/2020 07:47

hTTps://www.cryptobasenews.com/blockchain/money-spot-amazon-readers-are-buying-bitcoin-and-blockchain-bestsellers/

[horneblower] 16/5/2020 20:08

Some people see conspiracies everywhere. However, being paranoid doesn't mean they aren't out to get you. ☺

[aidenabettin] 16/5/2020 19:56

I see the basic correlation to corruption .What's the deal with Canada?

[idiot441] 16/5/2020 18:34

I see it as confirming there IS a basic correlation to btc - that is currently broken.

Probably due to the major seller

To me it confirms that the basic fair price with current btc is 7p.... and more if sentiment was more positive

Sooo it's actually around 30% undervalued... because of seller... leading to negative sentiment.

It will correct but timing is unknown

[yump] 16/5/2020 16:58

Interesting useful chart.

o/t I wish someone had done that with EZJ as so many people said it followed the oil price, but they hedge and when I looked there was no correlation at all between oil price and EZJ share price - reverse at times !

Debunking always good !