Argo Blockchain Share Discussion Threads

[trentendboy] 18/11/2020 11:13

If someone moves quick they could get it for 15-20 but wait too long and if BTC reaches the 28,000 that many predict then it would be higher

[suffersnofools] 18/11/2020 10:59

TtentEndBoy - Absolutely no bid premium here at all presently.

What price would a bid need to be at to be successful? 40p?

[trentendboy] 18/11/2020 10:57

RIOT up 50% today and up another 16% pre-market.

They simply do what ARB do but on a slightly bigger scale in the SAME region using the SAME bitmin machines

SAME pipeline

So doubt ARB will play catch up but this is the difference between NASDAQ quote and LSE quote

If US institutions decide to come and play OR RIOT wants to take over a fully formed company with great energy costs then they could buy out ARB given low valuation

ARB will catch up but does give us small investors a chance to get in early sub 10p

[suffersnofools] 18/11/2020 10:55

Lovely looking W back to IPO level. Little bit of resistance around 11.2p

[teed6422] 18/11/2020 10:51

Just on today's BTC price of $18000 this share should be a conservative 37p each, with a market cap of £109mNot accounting for any increase in mining. The mind boggles where this could go if valued fairly.

[uapatel] 18/11/2020 10:36

suffersnofools, thanks for the feedback. Hope you’re right with the 50p in 21Q2. Would be amazing. No doubts not a straight line to get there.

[suffersnofools] 18/11/2020 09:46

yump - because we use charts!

EW for the big picture. Price action with support and resistance for entry and exit. Trading without knowledge of even rudimentary TA is like being allowed to drive without having passed your driving test.

[c0lin1] 18/11/2020 09:37

i would think Yump you expect BTC to go up otherwise why invest here?

[yump] 18/11/2020 09:36

Why do so many people seem to think they know where the price will go. Must be a load of excellent crystal balls around !

Correction due or start of bull run after the first step from a bottoming out area ? I certainly have no idea. Just hoping btc stays up reasonably so that arb get a sustained period of increased profits. Its the business I’m invested in after all.

[suffersnofools] 18/11/2020 09:27

Upatel - Sorry - I mean top-slicing BTC, and just my trading position not my actual coins! No plans to trade ARB until 50p+ which I expect to see early Q2 next year.

[gspanner] 18/11/2020 09:27

you may be right Topaz, but also could be wrong very quickly.

I would reiterate Roaul Pal's advice... 'Don't get too cute with bitcoin, just buy and relax'

[uapatel] 18/11/2020 09:18

SufferNoFools, when you talk of top slicing are you talking about your trades in BTC or your position in Argo. Only not sure with the lag effect in the share price of Argo what that top slice figure would be. Thanks

[suffersnofools] 18/11/2020 09:17

Lol - you're a contrary indicator frenzy ;)Arb will outperform BTC during rally phases due to the gearing. Plus it's already undervalued at current underlying asset values.

[suffersnofools] 18/11/2020 09:15

On a short term timeframe 18200 is top of the channel on the 4hr, support at 16800.On the daily the 20ema is at 15500 and rising - rapidly. I'd expect the price to test this in the coming days.A swing down towards the ema then gives a nice target back to top of channel around 22k - my top slicing target

[topazfrenzy] 18/11/2020 09:12

10 will turn to 7 next week

You have been warned!

[topazfrenzy] 18/11/2020 09:11

This is your last chance to lock in profits before the big correction

You have been warned!

[parsons4] 18/11/2020 08:58

Just topped up, this is just the beginning for ARB although BTC now well on its way !!
ARB still grossly undervalued IMHO. The earlier mention of the HERD is quite correct. When the main press pick up the BTC increase investors will be looking for mining companies !!!

[tomboyb] 18/11/2020 08:57

Bitcoin smashed through 18k -

$18100 -

[trentendboy] 18/11/2020 08:56

Should be higher by nowRIOT up 50 percent yesterday in the USMust break 10p soon as BTC flyingMargins will be rocketing now

[suffersnofools] 18/11/2020 08:56

Could see 2m for the month!

[ragnarr] 18/11/2020 08:44

Argo mined 126 BTC In October generating £1.2m and stating 40% margin. During Oct BTC ranged from about 10.5 to 13 usd.November so fat BTC has ranged from 13-18 usd and mining difficulty is apparently easing so would expect further improved margins for November

[oakville] 18/11/2020 08:44

Topa, when I have sold from my 5p intial buy what price do you think is the re-entry point?

[nigerianprince] 18/11/2020 08:43

Lol! The real bull run starts in 2021. This is just a taster.

[tomboyb] 18/11/2020 08:40

Looks like breaking 10p today -

bitcoin could well go back to $20k -

Dollar "predicted" to fall significantly next year -