Argo Blockchain Share Discussion Threads

[yump] 09/12/2020 08:47

ARB clearly has some way to go before it disengages with BTC movements and is recognised as an investment.

At the moment its like watching a manufacturer’s share price move up and down by the same percentage as its product sales price. Which would be weird.

[oakville] 09/12/2020 08:22

BTC must hold 17300

[hootza616] 08/12/2020 23:18

Could be single figures again tomorrow. Ready to load up again!

[suffersnofools] 08/12/2020 21:54

You've lost me mnomis - which top?

[uapatel] 08/12/2020 20:34

I tend to have similar view, Brasso. Just believe the uptake by institutional investors & UHNWI who are probably longer term holders may reduce volatility. Also feel that traders may shift towards the Alt coins for volatility to trade in the future. But that’s just my view not really able to back it up with any technical analysis.

Anyway I’m long only on ARB and not trading that, so my views probably a bit biased.

[brasso3] 08/12/2020 19:52

I do not see the same bear market this cycle. The previous BTC bear markets where due to retail traders. By the time BTC gets to its peak in 2021 there will be lots of new household names involved that will be investing on a 5 - 10 year time horizon. Yes, of course it will over perform then there will be a pullback. I expect the bear market to be more like a 50% retracement. Also, the staking of crypto will remove a lot of volatility now as people seek yield. You can get 12% yield with Polkadot now with Kraken and I think ETH is 5% - 13%. BTC is much lower around 6% but in a world without yield, crypto staking starts to look very attractive.

[mnomis] 08/12/2020 19:41

Suffers, if is going to go down 80 to 90% in the next bear market (which think was your call), why on earth try to pick the top? Just wait and join the downward momentum party ... and keep your stops tight, because there are a lot of people happily buying the dips

[suffersnofools] 08/12/2020 15:25

It's this correlation we need to break when market goes risk off for tech.

[brasso3] 08/12/2020 10:29

Argo
@ArgoBlockchain
·
1h
Video #5 - last one for now!

@PeterGWall
on Hodling, share premium, ZEC trading, Virgin BTC, 2021 outlook, and more!

Thanks



#ARB
#BTC

[yump] 08/12/2020 08:55

For some reason I woke up this morning with the dystopian idea that perhaps taking over miners doesn’t necessarily need to be for profit motives - it could be a matter of control for a Dr. Evil.

[mnomis] 08/12/2020 08:50

@ Brasso, interesting. Hard to argue just a treasury strategy then.

[topazfrenzy] 08/12/2020 08:45

What figure? I am guessing north of 40p

[topazfrenzy] 08/12/2020 08:44

Takeover on the way watch that space

[brasso3] 07/12/2020 21:56

Michael Saylor and Microstrategy are way ahead of the game! Raise money using fake fiat and convert it to bitcoin!

MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys

[brasso3] 07/12/2020 20:41

Around 6 minutes in Frank Holmes talks crypt, ETH and HIVE. He talks about miners being a proxy for exposure to crypto.

[suffersnofools] 07/12/2020 18:02

RIOT up another 10% to $11

[brasso3] 07/12/2020 16:42

There are lots of attractive shorts on the US markets. I would not be doing it just yet though. Way too risky with another $1 - $3 trillion stimulus very likely from the FED/ sleepy Joe.

[uapatel] 07/12/2020 16:38

Probably so SNF. Not directly in it myself, only via investments trusts.

[suffersnofools] 07/12/2020 16:34

It's going to be a fantastic short when the music stops uapatel but way too much momemtum to short at present! It's now valued at 10% more than the entire global automotive industry, but makes up less than 1% of sales. Lol. I expect to see it lose 80-90% of its value in the next bear market.

[uapatel] 07/12/2020 16:23

Only if you’re short on Tesla. LOL

[suffersnofools] 07/12/2020 15:49

Ask moving up - might get a little tickup on the bid into the close.

O/T

So TESLA up another 5% today, or $30Bn, roughly equiv to the entire value of GM in just over an hour :) Nothing worrying there then!

[texaschaser] 07/12/2020 15:10

overbought pos

[brasso3] 07/12/2020 13:44

Some nice buys today.

I see someone picked up 250k at 11p (27.5k GBP)

[brasso3] 07/12/2020 13:05

LTC has one use at least! :)