Argo Blockchain Share Discussion Threads

[1knocker] 08/8/2024 08:45

It looks as though my theory that BTC is not 'the new gold' but broadly correlates with big tech is about to be road tested. If I am right, and if the big tech sell-off continues, BTC has further to pull back.

I am happy to hang on to my BTC - the tide will turn - but any BTC miner with a weak balance sheet could be in trouble. A time for caution IMO.

[ken chung] 05/8/2024 11:34

Bitcoin $51.5k.Sell, sell, sell.Lemmings and mushrooms only.

[ken chung] 05/8/2024 10:35

Bitcoin $52.9k.Collapse disaster.Shorters delight.

[1knocker] 05/8/2024 09:35

Only if they work, which at present they don't.

And the miners don't need QBT's methods half as much as QBT needs QBT's 'methods'.

What a pity that QBT's 'methods' are just a twinkle in QBT's eye, the pot of gold at the end of the rainbow, burning money to pursue.

QBT share price down 80% YTD, at an all time low, and still falling. That is notwithstanding that a couple of months ago QBT won an appeal in longstanding litigation in Italy, and is due damages, interest and costs to the tune of about £6m, ie about the current value of QBT's market cap.

What does that tell you about the prospects for QBT's methods and the value of its years of expensive R&D, all of which the market is valuing at zilch, nada, nothing? Less than zilch in fact, because QBT continues to pour money into that money pit.

Stockopedia rates QBT as a 'sucker stock'. It is not difficult to see why, or to identify the suckers. Yes Jag, Broomstick et al. I am looking at you and the eye watering losses you have racked up buying QBT.

[horneblower] 05/8/2024 09:23

The question for Crypto is what will happen when BTC reaches the long term support line at $42k.
Will it bounce off back to $70k or will it crash through to the next support at $25k?
My money's on the latter, probably around Christmas time.

[broomrigg] 05/8/2024 06:38

Precisely. Huge pressure on all the miners.

[idriveajag] 05/8/2024 06:30

The bitcoin miners desperately need QBT's Methods.

[broomrigg] 05/8/2024 06:17

Doesn't look like last week was a good week for that institution to buy c.10% of ARB. They paid 11.25p per share.

[ken chung] 05/8/2024 06:02

Bitcoin $52.9k.Collapse disaster.Shorters field day.

[ken chung] 05/8/2024 00:04

Bitcoin plunged to $58k.Short this dog.

[bahamarama] 01/8/2024 23:48

Chart showing support at 8.95pNext round of Shorts sub 9.68pExpected and assumed.Buy at sub 9.21

[jaknife] 01/8/2024 17:40

The BTC price is irrelevant, ARB wasn't even profitable at the higher bitcoin price!

[ken chung] 01/8/2024 17:28

Bitcoin plunging.Short this dog.Lemmings and mushrooms only.

[1knocker] 01/8/2024 13:54

Whether 'boring' i leave others to judge (probably they are to those who have already concluded that QBT should not be touched with the proverbial barge pole), but as a dose of reality I am sure they are 'depressing' and 'alarming' reading for suckers who have bought the QBT hype and are now looking at 50% to 75% losses, probably with worse to come. And of course 'unwelcome' and 'galling' to the malevolent who try to attract in new investors to share their misery.

[broomrigg] 01/8/2024 11:39

Lol .....Knocker should try to shorten his posts, they are exceedingly boring.

ARB are in terrible trouble....SELL and preferably reinvest into QBT but just about any other crypto related stock would be a better choice.

[1knocker] 01/8/2024 11:23

If any of the rig manufacturers saw even an outside chance that QBT's research has a commercial value it would have taken over QBT, which could be bought out for a fraction of the money raised and expended on its research during the 4 yeas since QBT shifted its business from a spectacularly unsuccessful holiday park operation to back bedroom quantum computing research!

Do Jag, Broomstick et al know better than the rig manufacturers?

[1knocker] 01/8/2024 11:09

QBT had a litigation success a few weeks ago, with winnings amounting to about two thirds of its market cap ('the Sipiem money').The share price did nor rise. It has continued to fall, now down over 75% YTD.

Is that anomalous? No. The company indicated that it would apply all the Sipiem money to funding its BTC mining R&D. That research has proved to be a money pit, with huge sums raised in share placements burned. The market regards QBT as a 'sucker company' (Stockopaedia's words, not mine, a vehicle for funding its elderly CEO and prime mover's quantum computing research hobby, not a serious business. It has only a handful of part time researchers (PhD students, mainly), and operates in a very difficult and expensive field of research. It is a 'jam tomorrow operation, cycling endlessly between hype and disappointment phases.

Consequently the market concluded that the Sipiem money would not benefit shareholders because the company is pledged to burn it in an endeavour which is highly unlikely to succeed, still less turn a profit to recoup the research costs, and far from rising on a £6m litigation win, the share price continued to fall. That tells you all you need to know about QBT. It is a sucker stock fuelled by hype, and a money pit pledged to burn every pound it lays its hands on, whether from capital raises or its recent litigation success. Anyone who sells ARB or anything else to buy QBT should not be allowed out without a minder.

[martywidget] 01/8/2024 08:27

Good morning Broomrigg.

Maybe give a mention of QBT and investment case to the board below:

Share Ideas: macro & micro.


With usual DYOR, etc caveat.

Regards,

M

[broomrigg] 01/8/2024 08:16

Good morning Jag, good posts.ARB mining numbers for July will be out in the next few days and likely to be dire. For around 10 days of July the price of bitcoin was below 62,000 usd so ARB were mining at a loss. Great business that.Yesterday ARB announced considerable dilution and they are swamped with debt.Sell ARB and switch into QBT who are poised to announce deals with miners and collect a big payout from their Sipiem case.

[idriveajag] 01/8/2024 07:38

QBT on track for commercial revenues and Sipiem money in H2 2024:

QBT's 2024 targets: Francesco Gardin joins from Mining Disrupt Conference in Miami
27/6/2023



"Everybody's very, very interested in our technology...We are adding a couple of new teams, which we havn't announced...We keep on track...We are very confident that our technology is different...proven results in the lab...longer than expected but we are making progress...

...We announced last year that we are heading for revenues this year [2024]. We still havn't announced the opposite. In the Accounts, one has to be prudent. Any word has to be agreed with the Auditors...[but]...we still havn't announced that we will not generate revenues this year [2024]. So I will make it clear - with all the contracts we have, with all the discussions we have, with all the contacts we have, with the development of our technology, how it performed from in the lab into products, what is next for products - we [are] still on track for this our end goal...

...We have at least four different Methods...We are not too far from having military spec...

...We have a team of lawyers in Milan who are actively working to collect as much as they can of the Euro6 million [Sipiem money]...

...Our main goal [Upcoming milestones] is for one of these four Methods, to have a product that can be deployed, can be sold; or alternatively, to have IP's or technologies, which are aquired or developed or exploited, with one of these big players in the sector."

[idriveajag] 01/8/2024 07:38

Sell ARB and buy QBT.

[srpactive] 29/7/2024 20:36

Flag formed, breakout due to 12.2p being broken.

dyor

[srpactive] 26/7/2024 16:26

Chart looking better, flag forming a challenge much higher very soon I feel. Dyor

[srpactive] 23/7/2024 21:29

Is this the Argo tread?