Argo Blockchain Share Discussion Threads

[stockhunters] 06/11/2020 12:01

ARB looking great

[gspanner] 06/11/2020 11:50

Toapaz, à profits the whole point of this and you will sleep well this w/e....

There will no doubt be a brutal correction in the BTC bull market but can you spot when? Or will you watch over the w/e as the price continues to push north.

I’m not getting too cute about it myself!

[kcowe] 06/11/2020 11:16

playing it the same as you Hootza616, sipp and isa loaded with arb , going to be mental when FOMO sets in.

[hootza616] 06/11/2020 11:07

Good luck also to you Topaz.Hope you pay your taxes on all those crypto gains! I'll be paying zero tax on my ISA and SIPP fully loaded with ARB shares!

[hootza616] 06/11/2020 11:04

Just noticed those big volume buys at the open today. Clearly attracting the big boys now!SSB - are you in yet? Did you buy those 1.5 million shares at 08:30 this morning?

[topazfrenzy] 06/11/2020 11:00

Hi Hootza,

Of course I am keeping all my cryptos that I already have, mostly altcoins .. ETH, ZEC, LINK, DOT, XLM, DASH, ADA .. I want x10 with all of those from here and I keep adding on weakness

but just decided to bank my money here with ARB, maybe it'll go to 10p on Monday, but that will depend on BTC price and anything can happen over the weekend. I'll be back of course, but taking money off the table across the board with equities after a very nice run this week.

Good luck!

[hootza616] 06/11/2020 10:58

Totally agree Brasso. These are very different times for BTC. This is not being driven by FOMO or uneducated PI's as was the case in 2017. It is driven by the obvious devaluation of FIAT and consequential corporate investment strategies.

[brasso3] 06/11/2020 10:58

Investor Chronicle

Bitcoin blitzed through $15,000 for the first time since the beginning of 2018 and came close to taking out $16,000 as investors rode a momentum trade that has been building up a head of steam ever since PayPal announced it would let users buy, sell and hold a variety of major cryptocurrencies. Bitcoin futures broke above $16,000. Two big things seem to be at work that are interconnected. Increasingly millennial investors are favouring Bitcoin within their portfolios as a diversification holding similar to people own gold. Given the scale of the gold market ($2.6tn in bars and coins + $240bn in ETFs) only a modest rotation out of gold would imply a significant increase in prices for Bitcoin from here. PayPal’s move has been super important. The more that businesses and payment processors, card providers and so on accept cryptocurrencies, the higher their value as a utility as a means of payment.

[brasso3] 06/11/2020 10:43

I think its important to recognise that we are now in a different phase of the Bitcoin story. When Nasdaq listed companies (Microstrategy, Square) and hedge fund managers (Paul Tudor Jones) started buying Bitcoin the game changed. Governments (Kazakstan, Iran) are even moving towards it. Paypal, Visa and Mastercard are all transitioning to allow Bitcoin payments. There will be more BTC ETFs next year. Previous volatility was driven by retail but as these large players move in the volatility will disappear.

[hootza616] 06/11/2020 10:34

Hi Topaz, like you I have seen the previous bloodbaths here when BTC has tanked from 12k to 3k in a matter of hours! I remember promising myself to sell everything if I got even again and not to be greedy!Greed is a very strange thing!I am not selling any more sub 12p!

[suffersnofools] 06/11/2020 10:31

An additional bullish factor is with the idiots at the FCA banning crypto derivatives from Jan 6th. PI's who want crypto exposure without holding actual currency will be attracted to the likes of Argo.

[suffersnofools] 06/11/2020 10:28

Definitely lagging Dennis - BUT eventually it will rerate and as I've said before I expect Argo gains to outperform BTC in the medium term.We still have lines of stock available so patience required until these dry up.

[dennisbergkamp] 06/11/2020 09:34

Strikes me that ARB is still massively lagging the move on BTC, especially based on this last announcement... Pretty frustrating... but all good things...

D

[brasso3] 06/11/2020 09:07

They need to keep a balance of cash and BTC. What they are doing is very sensible.

[rogerramjett] 06/11/2020 09:07

ARB will smooth out the volatility of BTC whilst benefiting significantly in the rising value.

Still valued well behind the curve at this point. Wait and see Novembers update and then see what happens by mid 2021 with the additional machines online and an even higher BTC price.

[trentendboy] 06/11/2020 09:06

They should just HODL them and wait for 100,000 per BTC

[brasso3] 06/11/2020 09:04

At $15k, ARB will be making very nice profits. The BTC fluctuations matter not as ARB can convert BTC to $ at its choosing and not during market dips/

[trentendboy] 06/11/2020 08:59

BTC going nowhere but higher in the medium term

ARB will keep rising once the reality of the recent deal sinks in. This is a strong move on their part.

I suggest investor read the details to really see the potential here - the issues in China play very well also and ARB also have one of the largest number of BTC on the books and in treasury so they are very well capitalised for a company of this size

[topazfrenzy] 06/11/2020 08:48

Banked all my profits, those who know Bitcoin know that it can suddenly dump 20% and if this happens over the weekend then Monday here could look ugly

GLA

ps: I hope to buy back in the 6's :)

[roger207] 06/11/2020 08:47

Bitcoin correction!!!!!

[brasso3] 06/11/2020 08:01

Got a few at 8.2p

[parob] 06/11/2020 06:57

hTTps://cointelegraph.com/news/bitcoin-sees-record-100-days-above-10k-as-analyst-eyes-parabolic-2021Strategist eyes "parabolic" 2021On the topic of history repeating itself, Bitcoin could go "parabolic" next year if it follows its behavior after previous halvings, a well-known analyst has forecast.In a tweet on Nov. 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, became the latest figure to suggest that next year would be hyper-bullish for BTC.The reason, he said, is a simple balance of supply and demand - Bitcoin's supply reduced at the latest halving in May, while buyer demand for new coins is only increasing."Bitcoin may undergo a parabolic 2021, as it did in 2013 and 2017, if previous patterns play out again," he wrote.

[brasso3] 05/11/2020 22:54

I am not sure if this was posted earlier.