Argo Blockchain Share Discussion Threads

[oakville] 16/11/2020 16:08

Am I missing something here? Not yet invested but surely as a sole Crypto play these are mad cheap I nearly bought some at these levels when bitcoin was 1300????

[brasso3] 16/11/2020 15:51

If you invest within an ISA there is also the future CGT that you are saving.

[suffersnofools] 16/11/2020 15:50

Fair enough new guy - but I've held many companies that have lagged only to suddenly take off. I just don't think the market knows how to value this yet and I'm hopeful that that will change as BTC hits new highs.The share price here has now doubled my money so I guess a lot depends on when you bought.

[horneblower] 16/11/2020 15:47

Seems to me that ARB follows BTC rather well.

Maybe not day by day, but month by month...

[1new guy] 16/11/2020 15:44

$9000 btc and only 4p ARB was pretty poor show. $16400 btc and 8p ARB shocking undervaluation, which goes unmentioned by the BoD. $20k btc might, might struggle to the dizzy levels of 10p for ARB.6p below IPO.FFS.

[parob] 16/11/2020 15:39

Get the stale bulls out then this can move up.

[brasso3] 16/11/2020 15:36

Since June (post halving):-

BTC has gone from $9000 to $16000

ARB has gone from 4p to 8p

[1new guy] 16/11/2020 15:33

SufferNofools, many sells come from long term holders week in week out, month in month out, let down by this share price Today, after two long years, joined them and sold 500,000 shares out of sheer lack of any support by the BoD or Peter Wall to commiserate and provide some answers as to the total disconnect with any rise in btc value. Yet an immediate and usually savage drop in sp, with tiny falls in the btc price. An important Company routine court case requirement was heard on the 10th of November. Its outcome yet to be revealed. That among many such omissions and lack of decent attention to the share price and shareholders just forces people to sell. Maybe that's the plan. It still looks dubious.

[suffersnofools] 16/11/2020 15:17

Until the seller is done the price won't move significantly.Just chill and accumulate while cheap.

[brasso3] 16/11/2020 11:48

If the S2F model proves correct by the end of 2021 we will basically be able to predict the future of Bitcoin. I just see a wave of new investors with more QE expected through 2021.

[mnomis] 16/11/2020 11:43

@ Brasso3 - yip, is such an interesting concept that needs to be reiterated. In gold mining, if the gold price doubles, previously marginal reserves become profitable, and supply increases to help satisfy demand (and due to time to supply i.e. build a mine, often overshoots, causing the price to fall back and balance). With BTC, no matter how high the price goes and how many miners jump on board, there is no increase in supply (actually a decrease every halving). So, the only way for the market to adjust to limited supply is to "kill demand" - by going up to "stupid" prices. Hence these predictions may not be as "crazy" as first seems, and S2F has proved surprisingly accurate.

Like others have mentioned, in the future, we will likely talk less about price per BTC, but instead price per smaller unit of BTC.

[hootza616] 16/11/2020 09:18

Offered 8.18 for 100k shares.

[brasso3] 16/11/2020 08:17

JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’



A few years back the CEO of JP Morgan threatened to sack any employees found to be trading bitcoin. Full U turn!

[brasso3] 16/11/2020 08:13

The Citibank news is not important because of their 'finger in the air' price target. Its just another piece of the jigsaw where large banks are now talking positive about Bitcoin. Similar news has come out from JP Morgan.

[qazwsxedc69] 16/11/2020 08:11

No one would be happier than me if it goes stratospheric and it's clear there is creeping acceptance of BTC, so let's see.

[topazfrenzy] 16/11/2020 08:07

£1 share price here in 2021

yes it's coming

[suffersnofools] 16/11/2020 07:53

I remember thinking the same in late 2016 when BTC had doubled from 400 to 800 in a couple of months. A year later it was just shy of 20k. If you believe in the 4 year cycle and look at historical price inflation post-halving then anywhere 100k to 500k is possible.

[stockhunters] 16/11/2020 07:43

btc flying again

10p this week

[brasso3] 16/11/2020 07:41

Bitcoin is not like an AIM stock or FIAT currency where the supply can constantly be increased. There are around 18m Bitcoin at present and it is estimated that 2m - 3m have been lost forever. The remaining bitcoin to be mined is around a further 3m which will come on to the market over the next 120 years! Bitcoins market cap is tiny at around £200b.

50% of the bitcoin in existence has not moved wallets in over a year. Supply is tight and demand is ever increasing. Most people will never understand exponential growth but bitcoin has form in this area.

[brasso3] 16/11/2020 07:36

qazwsxedc

I agree. The S2F model though does provide substantiation for prices above $100k in 2021.

[qazwsxedc69] 16/11/2020 07:33

I'm invested here, but incredible claims require incredible evidence. $318k within 14 months? Get a grip people.

[suffersnofools] 16/11/2020 07:22

BTC a few hundred points higher than it was at U.K. close on Friday and US stock futures indicating strong US open so might head higher here today.