Argo Blockchain Share Discussion Threads

[trad3m3] 05/3/2024 21:58

So far some profit taking, for a double top holds great! but todays piercing is so exciting. Imagine no massive fall this time round.There must be a spike in all miners once we blow the top of BTC. So not all doom and gloom yet, but some will spike more than others so one must chose wisely, so many good miners out there, no idea why some rather self-inflict pain to their mind, and pocket. GLA!

[1knocker] 05/3/2024 21:43

Welcome back tyke!
Glad to see that you agree with me that BTC may well dip after the halving. The market is indeed a place of irony when you tag along with a view I have posted!
Don't bank on the miners rising on syuch a dip though.

[trad3m3] 05/3/2024 21:14

Well BTC run 24/7 so probably best to check again at 7am me thinks ...

[luckyabbeygale] 05/3/2024 20:53

At least QBT will be marked up since it benefits from ARB needing QBT software to mine profitably.

[bakedbean] 05/3/2024 20:52

U should have said this morning ... terrible after timing

[aimscam1] 05/3/2024 20:47

Massive drop coming in morning BTC down 5k

[trad3m3] 05/3/2024 20:38

Took half out so fully financed runner. https://imgflip.com/i/8i4yha

[amt] 05/3/2024 20:22

I sold first thing terrible update and this halving thing is not good. A couple of days ago I was optimistic but after the awful update changed my mind

[trad3m3] 05/3/2024 19:49

Possibly one more fill, might be that 100k run from here, good risk/reward for me!!GLA!!!https://imgflip.com/i/8i4a17

[luckyabbeygale] 05/3/2024 19:42

Well QBT needs the bitcoin price fall to get the best morning markup and ARB needs it to go up.

[trad3m3] 05/3/2024 19:40

I've grabbed some btc for a small trade here :)

[truant2tb1] 05/3/2024 19:35

What difference does it make if I declare I'm short, you think the MMs will inflect the price?This thing wont go down in a straight line. Nothing ever does. I fully expect BTC to hit ATHsProblem is you need $120k BTC which is an ask

[trad3m3] 05/3/2024 19:31

Advertising that you're shorting is probably not the smartest idea, unless you've got a lot of margin to float ... LOL!!

[truant2tb1] 05/3/2024 19:29

This shouldn't be trading at 15p With the halving round the corner anyone with an ounce of sense will be dumpingI'll be closing my short at 1p in June

[trad3m3] 05/3/2024 17:21

There's still enough of retail (Bulls LOL!! Another tv/News made up term for retail hahahahah! Bulls are in control ahahahhaha!!!!) that will be buying BTC miners, and not knowing what they are getting themselves in to, once we spike to first Fib, which is just above 100k. Usually there's a fall before the halving and strong uptrend after the halving, but ETF's changed that, so might just be going up and up.From crypto history BTC always hit three extensions, so I think the top is likely at 208k and that's the 3rd extension for BTC, so some profits still to be made for all miners, even tho halving is just around the corner, once ppl start cashing out of btc, most miners will die, and they know that (ARB), so good move getting out of debt and grabbing what they can before they'll pack up, and that's when, not if, unless they merge with other miners, like few miners already done, that's their only chance for survival.Bulls = retail = mostly loss.Bears = pro traders and institutions = profit.GLA!!

[2tyke] 05/3/2024 16:54

That's right Trad3,
A valuable lesson to all who think about 'causality' in markets.
Note how the price of virtually all miners has dropped over the period that Bitcoin has 'soared'. There is NO feedback loop into asset prices from external events.
We can kid ourselves all we want...but as we see, it doesn't stack up. Prices are solely governed by the waves of investor sentiment...which are patterned and unique to every issue. Correlation simply means that issues 'tend to move in the same direction' more often than not. NO externals dictate the way individual prices move. NONE.
No ETF...no halving....nothing !
We'll likely see Bitcoin heading lower when the halving comes...as miners head higher.
The market is a place of irony...and complete contradiction.

[trad3m3] 05/3/2024 16:13

I like this, spot on.

[1knocker] 05/3/2024 16:10

Be careful campers.

The halving doubles mining costs, and if the price of BTC soars, ARB has not got much of it left on te balance sheet.

That 30p, and even 20p, confidently anticipated only a few weeks ago, looks pretty distant now.

If you are a prospective buyer of ARB, I would not be surprised to see a dip in the BTC price following the halving, before a resumed upward trajectory. That dip, and the realization by unvestors that the halving doyubles mining costs, may well give you a better entruy price than today's.

IMO, though, ARB lacks scale and balance sheet fire power, and has no USP. I see it raising capital at a deep discount just to survive. My assessment: SELL, AVOID.

And for God's sake don't put the proceeds of any sale into QBT! Buy BTC, Etherium, or a company with large holdings or either or better still both.

As always, just one bloke's opinion. DYOR.

[r9505571] 05/3/2024 16:01

That's IF they have no interruption to supply!

[zydecoco] 05/3/2024 15:21

BTC swishes through 68.791 k , its ATH, and up into Price Discovery...

[seedoftongo] 05/3/2024 15:08

Is this the official BTC chat thread ?

No one invests in this ARB shyte ..

[broomrigg] 05/3/2024 15:06

Last time bitcoin was at its all time high wasn't ARB at 320p? What went wrong?!