Argo Blockchain Share Discussion Threads

[brasso3] 21/10/2020 13:11

I think that is old news.

Would be happy to see BTC sit above $12k for a few days now. I think $14k is on the cards this year now with possible upside to test $19k.

[fez] 21/10/2020 13:09

Paypal news??

[trentendboy] 21/10/2020 12:57

The PAYPAL news is massiveBTC will flyLoad up with whatever you can here

[trentendboy] 21/10/2020 11:37

With BTC up 3% this really should see ARB hitting 10% gains

With BTC looking to move strongly ahead as corporate FOMO kicks in ARB are still way too cheap

[trentendboy] 21/10/2020 09:44

Yes, great China buying and ARB now catching upShame it dropped BACK as 8 percent seemed about rightI expect more soonStill buying - too cheapOnce US investors find us it will fly

[parob] 21/10/2020 07:49

Hopefully see some decent movement here today following BTC's move above $12K overnight.

[gspanner] 21/10/2020 07:10

Thank you Kiwi on another board;

A very interesting article. At least partially explains the different feel of this rally: volume better, sentiment better, decoupled from Share indices and even to a minor extent from other crypto.

Not very many PIs can shell out that sort of cash per transaction...


‘Bitcoin average transaction value increases 500% since JulyToday 06:15
The average Bitcoin transaction is now worth more than $150,000.

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year.

The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of more than 500%.

Average Bitcoin transaction value. Source: BitInfoCharts
The latest spike, as shown by crypto analytics platform BitInfoCharts’ data, saw the average value of a transaction increase almost $50,000, up from $105,000, in the last 48 hours. This surge in transaction value comes shortly after Bitcoin’s trading dominance rose to levels not seen since 2017.

The $151,000 average value is 190 times more than Ethereum’s average transaction value of $793, suggesting a significantly greater institutional presence in the Bitcoin markets.

However, the number of daily Ethereum transactions increased by 30% amid the DeFi boom in August, reaching a 2-year high of 1.29 million on Aug 10. Over the same period, Bitcoin transactions consistently hovered between 300k and 350k, suggesting the Ethereum ecosystem was the primary magnet for new crypto users.

The number of Bitcoin active addresses also showed no significant changes, fluctuating between 650k and 970K over the last 4 months.

Number of daily Bitcoin transactions. Source: BitInfoCharts
Accumulation figures show that institutional investors are starting to take notice as large investment firms, like Grayscale and Microstrategy, increased their accumulation of large amounts of Bitcoin and other cryptocurrencies over the last few months.

By the end of September, Grayscale controlled at least 449,900 BTC or 2.4% of the current supply of Bitcoin, and Microstrategy owned 38,250 BTC.

Two weeks later, Jack Dorsey’s Square purchased 4,709 BTC (approximately $50 million) in Bitcoin.’

[walter walcarpets] 20/10/2020 21:57

This guy is worth following on twitter for those of you interested in charting crypto/gold/silver/pm stocks etc

[trentendboy] 20/10/2020 19:21

My guess is ARB will play catch upIf BTC holds 12000 and other miners keep their massive gainsSleeping giant

[hootza616] 20/10/2020 18:13

You don't need to join, just go to the homepage and click on markets and BTC/USD. It can be mesmerising at times!

[hootza616] 20/10/2020 18:11

No they all show similar data. Bittrex is another good one.

[trentendboy] 20/10/2020 17:40

RIOT up over 10% and although they own more coins this still makes no sense

UK markets just slow to catch on

In theory this allows us to get in cheaper.

The overall mining issue is true though BUT there is a serious lag getting the equipment (investment cycles and all that) and affordable energy

ARGO have done the hard work and should not suffer any downtime this quarter

Should be way about 6. Tempted to get yet more....

[brasso3] 20/10/2020 17:22

Is that only with Bitfinex?

[hootza616] 20/10/2020 17:20

You can see the complete order book live.

[trentendboy] 20/10/2020 17:11

Bitcoin flyingUS quoted miners flyingThis - F all

[brasso3] 20/10/2020 16:37

I did not realise you could see that on Bitfinex. Interesting

[hootza616] 20/10/2020 16:34

£11999There's 90 bitcoin available for sale at £12k on Bitfinex so expect it won't stay here long!

[hootza616] 20/10/2020 14:19

And hash and difficulty.Higher price, more miners enter, less coin to go round.It's the beauty of the blockchain!Key is to hoddle more and sell less, like Greyscale have been doing for years!

[brasso3] 20/10/2020 13:53

When BTC hits $14k I expect ARB will motor. That will make a big difference on profitability!

[gspanner] 20/10/2020 13:51

Buy price 5.625 for 85k...

Roll up!

[trentendboy] 20/10/2020 12:36

But BTC does seriously swing in price Really swinging today

[trentendboy] 20/10/2020 12:22

I agree - BTC close to 12000 on big rip today and little reaction hereI have mine in ISA Will pop once reality sinks inStrange to have such a muted reaction But good chance to hit more I agree with the 15 p price if BTC at 20,000 but it could go beyond that as profits highly leveragedLike gold miners when gold goes up

[brasso3] 20/10/2020 12:03

GBTC = Grayscale?