Argo Blockchain Share Discussion Threads

[brasso3] 29/7/2020 09:25

Are you retiring in Monaco or Venezuela. Will £2m still be enough in a few years time if we have high inflation? If we do have high inflation would you ever want to sell assets that are resilient to inflation like gold, silver and bitcoin (ARB)?

I am personally targeting £100k from passive investments (rentals/ dividends). I think you should be able to create that kind of income from £800k - £1000k in cash.

[ilostthelot] 29/7/2020 09:24

Nice one.
This is my only exposure to crypto. I am still not 100% convinced by it but I don't need to be the price is going up therefore I am happy to speculate on a strong chart.

Agree on your points I hold these in my isa.

[amazoner] 29/7/2020 09:17

talking about retirement how much saving needed £2 mln?

[tomboyb] 29/7/2020 09:14

Bitcoin looking good -

11,045 -

[brasso3] 29/7/2020 09:05

ilostthelot

That is the reason I am here. BTC has the potential to change peoples lives and ARB allows investors to get some leverage on that and benefit through holding within an ISA and also not have to worry about the security issues (private keys etc). This could be one of those early retirement shares.

I have a core holding of Bitcoin, Ethereum, Ripple, Litecoin and Chainlink through Coinbase. I have about the same amount invested in ARB.

[hootza616] 29/7/2020 08:53

A statement on dividends will take this to the next level. There's no point in making millions in profit if the directors take it all themselves and use it to buy more and more machines. Us investors need to be kept on board otherwise we will have no choice but to sell and take profits.If there is no Divi plan I will be all out at 15p, and very happy in my retirement thank you!

[amazoner] 29/7/2020 08:51

au revoir 5p if arb can maintain production level and bitcoin stay above $10,500

[ilostthelot] 29/7/2020 08:43

Brasso there is no harm in being speculative.

If BTC were to go to 50000 or higher
ARB could easily hit £1 or £2.

[brasso3] 29/7/2020 08:38

My point was price targets are ridiculous at this stage. At $11k BTC ARB is probably undervalued by 50%.

[amazoner] 29/7/2020 08:36

stating 100p is not ramping? 25p is more realistic.

[brasso3] 29/7/2020 08:26

With ALT coins having a good run recently that also gives ARB a lot more flexibility in what coins they wish to mine to improve profitability.

[tomboyb] 29/7/2020 08:23

Macro events are dictating interest it precious metals and alternative currencies -

[brasso3] 29/7/2020 08:21

No I do not want to come across as ramping. But there could be a point where BTC is above $20k and ARB will be stock piling cash/ BTC reserves. It is very hard to have a price prediction but it is very close to a no brainer at these levels as BTC gains larger adoption.

[amazoner] 29/7/2020 08:18

wakey wakey 5p is behind us

[amazoner] 29/7/2020 08:17

did you mean "between 50p and 100p"?

[brasso3] 29/7/2020 08:14

Most people seem to think 2020 will be a positive year for BTC based on the history and S2F model. The Covid crisis and excess money printing by central banks might have bought future gains forward. It was anticipated that the next bull cycle (bubble) in BTC would be through 2021. ARB start to generate very large profits above $10k BTC so the blue sky for ARB could be anything between 5p and 100p.

[mnomis] 29/7/2020 08:07

Re TP is a hard one. Markets undershoot and overshoot - if BTC has another massive leg up, am sure ARB will overshoot. Is my largest holding - right now, think 8 to 10p more realistic price. With big big rally, 12 to 18m 50p not out of question imho. Not to say does not fall back if this is not finally the expected big break out (my charting indicates this is the BTC break out of long term down trend line).

[tomboyb] 29/7/2020 07:57

Bitcoin a tad above $11k -

Others like Ripple chartwise looking pretty good as well -

[parob] 29/7/2020 07:45

Yep BTC price holding up well and heading higher again.

[seball] 29/7/2020 07:42

Going to top up here today. Looks extremely undervalued as bitcoin rallys. Good luck all

[ilostthelot] 29/7/2020 07:14

Tp -30p/40p. You?
Scale out at 30p depending on BTC price movements.

[brasso3] 28/7/2020 22:22

I have a feeling I will be waking up to BTC close to $12k.

[plat hunter] 28/7/2020 20:25

There's usually several

[joshuarthur] 28/7/2020 19:55

There's Always a loser. Every board has one !