Argo Blockchain Share Discussion Threads

[trentendboy] 29/11/2020 09:39

Some good informative postsThe Macro fund issue is massive - they will all followAs someone said, chance to front run here is massivePlus massive short covering on Monday on openWill fly past 19,000 for sure

[suffersnofools] 29/11/2020 09:25

I love it when a plan comes together! That W formation played out to perfection - giving a buy signal @16890. Key 17400 level and now daily trendline recaptured. Waiting for a close on the 4hr but looking good so far. Next upside target 18300. A close below 17800 would be bearish.

We're currently around 1500 pts higher than we were at UK close Friday which should be good for a positive Argo open tomorrow if it stays that way.

[horneblower] 29/11/2020 09:09

4% commission on trading BTC on Coinbase!
That's 8% for turnaround!
Ouch.

I see EToro don't charge any commission but have a 0.75% spread.

There are many costs involved...currency exchange, transfer fees etc.

I'm beginning to like trading ARB more and more.

[oakville] 29/11/2020 09:06

One of the places where Bitcoin is gaining popularity and acceptance is UAE. Currently, people are looking more often for places to buy bitcoin there. It is quite a simple process for both the country’s residents and tourists to buy leading cryptocurrency quickly and securely.

Bitcoin (BTC) has come a long way since the invention in 2009. Now it has an edge that cannot be ignored by savvy investors. In recent years, the world has taken an interest in the most attractive cryptocurrency. There are many positive outlooks on Bitcoin in the UAE, too. It should be noted that once the United Arab Emirates was a pioneer in embracing the blockchain initiative in the Middle East region.

There are various ways to buy bitcoin in the UAE. Over time, as the use of bitcoin and blockchain technology expanding in different areas, some initiatives in this direction emerged in the country. The number of cryptocurrency exchanges, branches, and ATM points is increasing day by day. It is not difficult to buy Bitcoins as long as you find the best option for you.

Online Crypto Exchanges
One of the ways to buy Bitcoin is by using online crypto exchanges. The exchanges are designed to support the dealing of cryptocurrencies. Before purchase, users enter an identification process. The process is called KYC (Know Your Customer). The KYC verification procedure requires information about buyers (proof-of-identity, proof-of-address, etc.). After the verification process is finished, Bitcoin transferred to the user’s cryptographic wallet. The only obstacle in this method is that it is not possible to pay cash.

ATM
Another alternative way to buy Bitcoin in the UAE is ATM. UAE’s first and only available bitcoin ATM is located in Dubai, the country’s largest and most populous city. It was installed at the Rixos Premium Hotel in JBR, Marina, in 2019. Users who decide to purchase Bitcoin via ATM can own it here with a 5% commission and cash payment only.

Buy Bitcoin in Dubai with Coinsfera
There is another method for those who want to buy a large scale of Bitcoin with the convenience of cash payment. Being able to buy Bitcoin in Dubai with cash is the most comfortable way for buyers. Operating since 2015, with a cryptocurrency cashpoint in Dubai, Coinsfera allows residents and visitors of the United Arab Emirates to buy, sell, and trade bitcoin with cash, instantly. It offers not only cash but also credit card payment too. Through Coinsfera, even if you are not an expert in the world of cryptocurrencies, buying bitcoin in UAE is quite simple. Coinsfera supports more than 500 cryptocurrencies in addition to Bitcoin(BTC), Ether(ETH), USDT (Tether) Bitcoin Cash(BCH). Cashing out with Dirhams or USD also possible.

[brasso3] 29/11/2020 00:04

Kevin Rooke
@kerooke
· 1h
Guggenheim's $5 billion Macro Opportunities Fund wants Bitcoin exposure.

On Friday they filed an SEC amendment allowing them to invest up to 10% of their fund in $GBTC.

A 10% investment would be worth $487M, and would be $200M+ larger than their next largest position.

[yump] 28/11/2020 21:43

Looks like a load of waffle to me. Explains why the same sort of commentators all went along with the Enron fiasco.

[oakville] 28/11/2020 20:45

We feel now is a pretty good time to analyse Argo Blockchain plc's (LON:ARB) business as it appears the company may be on the cusp of a considerable accomplishment. Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc., engages in the crypto asset mining services worldwide. With the latest financial year loss of UK£869k and a trailing-twelve-month loss of UK£1.3m, the UK£30m market-cap company amplified its loss by moving further away from its breakeven target. Many investors are wondering about the rate at which Argo Blockchain will turn a profit, with the big question being “when will the company breakeven?” We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

Check out our latest analysis for Argo Blockchain

According to some industry analysts covering Argo Blockchain, breakeven is near. They anticipate the company to incur a final loss in 2020, before generating positive profits of UK£2.4m in 2021. Therefore, the company is expected to breakeven just over a year from today. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 180% is expected, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

earnings-per-share-growth
LSE:ARB Earnings Per Share Growth November 28th 2020
Underlying developments driving Argo Blockchain's growth isn’t the focus of this broad overview, however, keep in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 1.4% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company.

Next Steps:
There are key fundamentals of Argo Blockchain which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Argo Blockchain, take a look at Argo Blockchain's company page on Simply Wall St. We've also put together a list of pertinent factors you should further research:

Valuation: What is Argo Blockchain worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Argo Blockchain is currently mispriced by the market.
Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Argo Blockchain’s board and the CEO’s background.

[brasso3] 28/11/2020 16:21

I think if you buy any dip now you cant lose! The momentum in BTC is too strong.

[rogerramjett] 28/11/2020 16:03

Higher high and higher lows perhaps but got you point.

[oakville] 28/11/2020 15:59

Higher highs and lower highs is the way to go

[brasso3] 28/11/2020 15:51

Comparing the start of the last bull run and this one.

[suffersnofools] 28/11/2020 12:09

A really nice possibility is up to a new ATH - 21-23k region - THEN the proper dump back to 14.8k ;) - fits really well.

[brasso3] 28/11/2020 12:02

Its hard to judge at present as the USA is on a long holiday weekend. Lets see what happens tomorrow evening as that is when buyers normally return for the week on BTC.

[suffersnofools] 28/11/2020 11:59

Yes, I'd have agreed until today, well 14.8k was my target - because that's the top of the yearly channel as well BUT the current price action looks bullish at the moment. Look at the three consecutive 700pt+ candles wicking down to 16.5k on the daily - buyers really stepping in there. RSI cooling nicely.

No fixed ideas though - and 14800 is still on the table while we remain below the daily trendline. The lower Bollinger band is also sitting around 14800. I'll let the market to dictate to me as always!

[brasso3] 28/11/2020 11:44

I think the $15.5k would be in line with typical BTC pull backs at the high VWAP support is. There is a good chart by Northstar on Twitter that also calls that level.

[suffersnofools] 28/11/2020 11:38

Is that wishful thinking to load up your Nano Brasso :)

At these levels you still can't lose tbh - it goes lower - buy more - goes up - trade the range.

LTC providing a leading bullish indicator again?

[brasso3] 28/11/2020 10:52

I think $15.5k will be the bottom. That is where there was a lot of accumulation in the last month or so.

[suffersnofools] 28/11/2020 10:48

Daily trendline still the key level to recover if we want the recent rally to continue:

[suffersnofools] 28/11/2020 10:34

Well played and good luck Hootza!Although I have a feeling the coming rise here will suck you back in!4hr BTC chart looking better. Upside breakout of consolidation triangle. Another crack at 17400 area looking likely. Downside support at 16800 and 16500. Look out below!

[trentendboy] 27/11/2020 23:12

It appears there is a massive shortage of miners Difficulty getting chips Still delivering to those who have ordered like ARBMargins likely to be very good for a while Very bullish

[mattybuoy] 27/11/2020 20:55

horneblower I have a similar problem with mobile signal.

You should be able to switch to using 2FA (e.g. Google Authenticator) instead of text messages. It's under Settings -> Security.

[sideshowbull] 27/11/2020 19:53

Welcome to the future Horn.

Do a test buy first say £20 and then when it is in your account you will be set.

Make sure you keep the Coinbase seed key.

Unless you are buying a shedload of bitcoin - pretty sure you will be fine on coinbase, I always hold around £500 of BTC on Coinbase used it a few times for some shady deals ;-)



BWTFDIK

[horneblower] 27/11/2020 18:34

My BTC buying adventure is not going well so far.

Getting a working Coinbase account has proven challenging. I am very happy with the level of security but there are three or four steps along the journey where you have to verify your identity by entering a code that they send you.

Sensible precaution...except I have virtually no data signal where I live and the text messages just don't arrive. I have fast wifi, so emails arrive immediately but not text messages.

Anyway, I've finally achieved it and am ready to buy some bitcoin.

Trouble is, the Ledger Nano X has not arrived despite their promising it for today.

Ah well. With any luck the price is still dropping. I'm still hopeful of buying around $15k.

[mnomis] 27/11/2020 17:57

Well done Hootza. I still think undervalued and holding 2/3rds of my peak shares. Personally think has higher to go, but cannot fault a decent profit.