Argo Blockchain Share Discussion Threads

[one_frankel] 23/6/2024 12:05

I doubt it Yump as it's those very ETFs and those US ATHs with that rather concerning macro picture ehich our dear establishment like to paint us that are causing all the volatility which I don't think many people are trusting of unfortunately!

[yump] 23/6/2024 11:42

Is it possible that the presence of large ETF’s will actually make the BTC price more stable ? I can’t imagine these larger fund managers want extreme volatility. That would make their sales efforts to clients very difficult. So will they be acting to keep any rises reasonably sane.

May not work if ROW goes for ETF’s in a big way.

[one_frankel] 23/6/2024 11:04

I think the bird has already flown with Soluna and it's future expectations buddy!

[1knocker] 22/6/2024 21:39

For those who see no future for ARB, but want to take a punt on a small outsider which cams close to folding but seems to be on the way back, Soluna Holdings may be worth a look. It is a long shot, but does seem to be approaching the business in the right way, focussing its attention on an economic electricity supply. No recommendation, in either direction.

[one_frankel] 20/6/2024 13:57

There was an interesting article on TradingView a few days ago Knocker except i cant locate it anymore which stated how nearly a billion dollars worth of BtC was offloaded recently by unknown crypto wallets but there's clear indications that it was institutions so are they getting rather worried now because US tech can't continue to be sustainable at these dizzy heights...Surely!

[1knocker] 19/6/2024 21:00

So when does everyone expect BTC to take off?

Personally, it seemed obvious to me that there would be a biggish movement ahead of the halving, a certain event with its date known to the day.

The question, I suppose, is whether there is sufficient market confidence that post-halving price movement will mirror that which took place after previous halvings for that to become a self-fulfilling prophesy.

Tech has remained strong, but BTC does not seem to have ridden on its coat tails over the past couple of months. If there is a tech pullback (surely overdue? Nothing goers up in a straight line), will that pull BTC back too?

I have no idea, but there don't seem to e many 'get in quick, BTC is going to $100K any day now', let alone 'to $500k' commentaries about as there were.Not sure whether that cooling of pundit sentiment makes it more or less likely that BTC will go vertical!

[bakedbean] 14/6/2024 09:00

The broomstick one

[bakedbean] 14/6/2024 09:00

Funny read :)

[1knocker] 11/6/2024 09:15

Is 'indeed' a word which stretches your comprehension, Broomstick?

Apologies if my use of the word left you reaching for the dictionary. Or did you have to phone friend? Dictionaries are probably well beyond you. After all, 'dictionary' has 10 letters, and even the six letters of 'indeed' are two more than you can cope with.

[ken chung] 11/6/2024 05:35

Short this dog.

[broomrigg] 10/6/2024 19:22

Knocker thinks using "indeed" in his posts makes him seem educated.HILARIOUS.

[sideshowbull] 10/6/2024 19:20

I would not buy QBT or ARB ever.

If you like Bitcoin, just buy Bitcoin surely that is not to hard to grasp.

#BWTFDIK

#SSB

[1knocker] 10/6/2024 18:50

You really are desperate for a winner to pay for your losses on QBT, aren't you Jag.

I see QBT is down another 4% today. Best not even to think about how far down it is YTD. Very close now to a quarter century all time low, i guess. Indeed, if you adjust the price for inflation, it is probably already at an all time low.

[idriveajag] 10/6/2024 07:38

Bitcoin price moving back up, soon be $80k, then $100k.

[qs99] 07/6/2024 16:13

Have bought a load of ARB....I sense BTC is coiled for various reasons, ETF inflows accelerating...let's see, DYOR

[idriveajag] 07/6/2024 11:33

Bitcoin now over $71k and on its way to $80k, then $100k.

Buy ARB.

[1knocker] 07/6/2024 11:30

pedalcar, you would do yourself (and your wallet) a big favour if you spent less time watching the BTC price minute by minute and a little more time examining the fundamentals of the stocks you hold. If you did that, you would certainly not be loaded up on QBT, and probably not ARB either, and might see some blue rather than acres of red on your portfolio spreadsheet.

You are looking at huge personal losses when the markets are close to all time highs.
Anyone in that position should be reviewing his investment decisions to see where he went so wrong, and why.

To help you get started,I'll point you to a couple of aspects of your investment decision making process to ponder upon. It was not very bright blindly to follow those BB warriors Sharetalk and Tell Sid, was it? When an anonymous BB poster (Tell Sid) assures you that he has 'proved' that a stock (QBT) has a current fair value of 100p (a modest 100 times its current price) and produces totally unrealistic and incomplete figures demonstrating only that he has no idea how to value stocks, wasn't it even less bright to rely on that 'valuation' on the strength of Sharetalk's assertion (drawn from the air) that QBT would go to 10000p within months?

If you must rely upon BBs to guide your investment decisions, do at least avoid 'one opinion only' boards where any view differing from the opinion [desperate hope?] of the board moderator is suppressed. Before you buy, read carefully all the negative posts, and buy only if you can convincingly refute the points they make. Don't use boards for 'confirmation', use them to draw to your attention factors (pro or con) of which you were unaware or not considered as significant, and then do some in depth analyse.as to whether the points made are well founded.

PS I see Sharetalk has already downticked this post. That is an encouraging indication that it is on the right lines

[idriveajag] 07/6/2024 10:34

Bitcoin now over $71k and on its way to $80k, then $100k.

Buy ARB.

[idriveajag] 07/6/2024 10:28

Bitcoin price now above $71k and will go higher.

[jaknife] 07/6/2024 09:39

idriveajag,

"Arb's average costs per bitcoin mined pre-April 2024 halving was $31k, which implies $62k post halving. So with bitcoin now above $71k and rising, Arb are in a good position."

Have you looked at the accounts?

In Q1 ARB mined 319 BTC generating $16.8m in revenues. You can find the detail here:



This also shows that the "direct costs" of mining BTC in Q1 were $10.4m. After all the other costs, ARB lost $2.8m in Q1.

Following the halving, ARB will now generate half the revenue that it did before. That was effectively confirmed this week when the May update reported revenue for May of a mere $2.9m.

See:

Very roughly $2.9m x 3 means that ARB's revenue for Q2 will be in the ballpark of $9m.

It doesn't take much to see that, if all other costs remain unchanged, then ARB will make a a negative mining margin in Q2 of about -$1.4m and should report a loss for Q2 of the order of -$10.6m.

So Argo was in a really poor position before the halving and post the halving it's in a disastrously terrible position. I don't actually understand how the director can carry on running the business? If they were to just turn the machines off then they'd make a better profit (ie a smaller loss).

JakNife

[1knocker] 07/6/2024 09:21

You do not understand costs, pedalcar. You need to take into account capital costs such as depreciation and rig replacement as well as direct production costs.

In any sector there are strong and weak players. Is ARB a strong player? If so, why, if not why gain exposure to the sector through ARB.

That said, i suppose just about any share looks good to someone who has been accumulating QBT irrespective of price in the belief that its shares, current market price sub 1p, actually have a conservative current fair value in excess of 100p.

[idriveajag] 07/6/2024 08:33

Sharetalk I agree.

Arb's average costs per bitcoin mined pre-April 2024 halving was $31k, which implies $62k post halving. So with bitcoin now above $71k and rising, Arb are in a good position.

Arb share price should recover rapidly.

[sharetalk] 07/6/2024 08:12

hTTps://www.ibtimes.com/robert-kiyosaki-says-bitcoin-can-hit-350k-august-slams-incompetent-leaders-3733765