Argo Blockchain Share Discussion Threads

[suffersnofools] 26/11/2020 08:56

Just closed my hedge short from 19300 so hoping this is support :)

[suffersnofools] 26/11/2020 08:53

That's the reality Aiden

[suffersnofools] 26/11/2020 08:52

At 16400 support. Next major one lower 14800.

[qazwsxedc69] 26/11/2020 08:52

16.5k went very easily just then too - when's next level of resistance?

[aidenabettin] 26/11/2020 08:48

I have the same amount of $BTC on my ledger as i had yesterday. Just worth a bit less

[yump] 26/11/2020 08:47

Revenue is directly geared to btc price, profits are more heavily geared, if costs fixed. Next few weeks will be a good test of whether there’s any significant interest in profit or dividends.

[topazfrenzy] 26/11/2020 08:44

Can't get a quote, damn, glad i managed to get some earlier

[topazfrenzy] 26/11/2020 08:38

Can't seem to be able to buy any

trying to load up again at these levels

[volsung] 26/11/2020 08:37

Bought some for ten newps

[yump] 26/11/2020 08:34

The gearing of ARB has yet to play out properly.

If BTC stays anywhere near double what it was a month or so ago and ARB mines the same number of coins, then ARB’s revenue going forward will be way higher than previously. For a long time.

However, the actual business may be irrelevant if ARB is also a plaything and follows BTC in a sheep like fashion.

You never know, perhaps theres more interest in the actual business than it appears.

[qazwsxedc69] 26/11/2020 08:32

Well at least ARB holding up ok.....lets hope 10p holds

[qazwsxedc69] 26/11/2020 08:28

I thought there was supposed to be resistance at 17.5k? Smashed through that - lets see what happens at 17k

[topazfrenzy] 26/11/2020 08:25

suffers, I was kidding (and ramping) but the question had some validity in the context then lol

[topazfrenzy] 26/11/2020 08:24

Make sure you load up on Zcash (ZEC) on this dip since it halved last week but in effect it has more than halved as you only get 25% instead of 50% and Grayscale is one of the buyers of ZEC

It will be the next Bitcoin when BTC gets way beyond reach of most people

[suffersnofools] 26/11/2020 08:24

@frenzy You posted this an hour before the correction started :)"BTC may keep going to $25,000 without any meaningful correction, $50,000 even?"

[topazfrenzy] 26/11/2020 08:22

The market was overheated, nothing to do with the long weekend, a few years ago it was the opposite with the long weekend, the market went nuts

[brasso3] 26/11/2020 08:14

Its a long weekend in the US so a down turn was to be expected.

[topazfrenzy] 26/11/2020 08:12

Hardly a big correction like the old days with BTC, so yes institutions etc are gobbling them up, the whales will try to also by forcing people to sell ... the whales may be losing their grip over the pattern of past dips however so let's see what happens from here

GLA

[topazfrenzy] 26/11/2020 08:09

Black Friday SALE is here

Make sure you buy your favourites!

Top up time!

[uapatel] 26/11/2020 08:04

Small top up, but will add more if this drop continues.

[qs99] 26/11/2020 07:52

“But long-term on-chain indicators say the buying pressure prevails. I still think we can break 20k in a few days.”

says it all

DYOR

[suffersnofools] 26/11/2020 07:52

So everyone who said this couldn't go down because of institutional demand now knows that's not the case. It is, and will continue to be, a plaything for the whales in the short term.

[suffersnofools] 26/11/2020 07:50

Parsons It moved down 7pc - good chance will lose more than that today.ARBs gearing to BTC means it will likely be more volatile than BTC going forward.

[parsons4] 26/11/2020 07:33

That's why I am invested in ARB and not BTC direct. The movements of BTC are frightening, I couldn't sleep at night if I had a position in BTC. Last night I slept soundly !!! GLA