Argo Blockchain Share Discussion Threads

[hootza616] 18/8/2020 16:59

"AIM for you..."This is traded on the London Stock Exchange. It's not an AIM stock!

[hootza616] 18/8/2020 16:15

If Plat is true to his word he will self isolate himself from here permanently at the end of the month.

[amazoner] 18/8/2020 15:47

i can smell plat is coming back here soon. lol

[king suarez] 18/8/2020 15:44

Thanks, Brasso. Be interesting to see if it plays out. I am nearing break-even on my original 'miss-timed' purchases around the 8/9p level a long while back..

[brasso3] 18/8/2020 15:07

The previous bull markets were driven by speculation from retail investors. This time round large investors and institutions are getting involved (eg Grayscale).

[brasso3] 18/8/2020 15:05

KS

BTC has tended to move in 4 year cycles around the 4 year halving events. 2017 was the last bull run so 2021 should be where the big gains are. Check out the S2F model from Plan B:-

[king suarez] 18/8/2020 14:27

What's that cyclical expectation based on - is it the same argument as for precious metals, or something different?

[brasso3] 18/8/2020 14:23

BTC is expected to peak around August 2021 and then go into another 2 year bear cycle. It therefore make sense for further expansion of the mining capacity this year then reap the rewards of higher prices in 2021.

[king suarez] 18/8/2020 14:19

Yes, also agree re: cash reserves.

Possibly the trickiest thing is balancing the purchase/life of new machines with the speed the processing efficiency grows at with the technology constantly moving forward. Buy too many new machines and you haven't the cash to invest in the next models, when available, but sit on your hands too much and you don't make your money work hard enough.

Is there much of a 2nd hand market for older machines to be flogged for upgrading?

[amazoner] 18/8/2020 14:18

have someone contacted a local police station for missing person? plat has not been here for two days. yippee yippee

[brasso3] 18/8/2020 14:13

KS

Agreed. However if you are in the Bitcoin 'game' you should be very much against fiat currencies so it does not make sense to have too much cash reserves. I expect they should have a strategy where they hold a 20:80 cash to BTC ratio in reserves. Investment in new machinery and potentially dividends to share holders would also have to fit in there.

[king suarez] 18/8/2020 14:07

Depends whether the BTC are better cashed in ASAP to buy more mining machines, to produce more BTC, to have even more BTC in the 'bank' if/when the price reaches $50k?

Probably a happy compromise to be found somewhere between continued scaling up growth, storing BTC and paying dividends..

[brasso3] 18/8/2020 14:04

I will be interested to see how the strategy changes with ARB as BTC rises. Once they have built up a reasonable cash buffer (say $4m - $8m) it then makes sense to hold more significant BTC reserves. Sitting on ~500 bitcoin when the price rises to $50k in 2021 would be worth around $25m.

[amazoner] 18/8/2020 14:00

meaning 10p soon?

[itshenderz] 18/8/2020 13:45

1 v 1 Volume decreased significantly

[tomboyb] 18/8/2020 12:59

8p plus coming by the looks of it -

[joshuarthur] 18/8/2020 12:39

Indeed..they need to hit a bigger exchange

[mnomis] 18/8/2020 12:31

Yip - very very cheap vs comparable companies.

[itshenderz] 18/8/2020 12:26

AIM for you...

[joshuarthur] 18/8/2020 12:24

I can't understand how riot is 4 dollars and this is around 7p lol...

[itshenderz] 18/8/2020 12:14

1 v 1, mixed buys and sells, pressure has calmed down. 500k sell was a delay from 11AM.Interesting to see when US market opens.I'll keep updated

[hootza616] 18/8/2020 12:11

What's the L2 latest. See that single 500k sell didn't seem to have much impact.

[ilostthelot] 18/8/2020 11:48

It's worth at least the 15 to 20p imv.

[amazoner] 18/8/2020 11:34

what is the fair price for arb when bitcoin reach $15k?