Argo Blockchain Share Discussion Threads

[brasso3] 11/12/2020 17:30

The Cavalry are coming....

MicroStrategy Completes $650 Million Offering of 0.750% Convertible Senior Notes Due 2025

[horneblower] 11/12/2020 17:23

It appears that the UK is now worth one Satoshi compared to the US which is worth one Bitcoin...but we write better pop songs.☺

[mnomis] 11/12/2020 16:43

Good SA article re trap. Thanks for sharing.

[suffersnofools] 11/12/2020 15:50

Just the US S&P500.

And Apple now worth more than the entire FTSE -

And the Nasdaq by itself is capitalised at more than ALL other global (Non-US) stock markets combined!

The 2008 Financial crisis is going to look like a minor blip compared to the unwinding of the current global asset bubble in the next year or two. Insolvency crisis will start it.

[king suarez] 11/12/2020 15:45

SNF - is that chart the whole world stock market, or just US?

[suffersnofools] 11/12/2020 15:42

Bitmain now quoting May for new Antminer orders!



Hard for any competition to catch up with existing miners...........

[suffersnofools] 11/12/2020 15:34

Who's saying that Hootza?

I'm more than happy to buy lower if price drops ahead of next years capacity expansion!

[hootza616] 11/12/2020 15:22

I remember saying the same thing back in September 2019. "Won't see single figures again" I said!Anything can happen here.

[brasso3] 11/12/2020 15:01

I think that is daily average data over a long period of time. It is not my data. I think I got it from Plan B.

[suffersnofools] 11/12/2020 14:59

Think you've got dodgy data there Brasso! Your scale goes -0.01 to + 0.05

Not much move either way there - is that the paint drying chart ;)

[brasso3] 11/12/2020 14:55

SNF

The data shows less gains over weekends.

[suffersnofools] 11/12/2020 14:52

O/T an interesting one showing the ludicrous power of the FANG stocks:

[mnomis] 11/12/2020 14:47

Thanks team! Silly to have a decent position in ARB and not sample the product. Will think of my BTC like my Gold position ... worth holding a portion of my assets in, but not worth going crazy on. Unleveraged position in 1 BTC will be just fine to build up to over next little while, with a plan to hold for a while (I guess 12 months for the top?)

[suffersnofools] 11/12/2020 14:42

You think that's the case Brasso? The weekends certainly give some big moves in thin volume but just as often up!

- Around 82% of the weekends have seen a minimum of 3% move in either direction in bitcoin prices.

- Around 60% of the weekends have had a 5% or higher price move over a weekend since December of last year.

Price Moves Accompanied by Low Volumes
Though the price changes are big in size, volume is lower on weekends. The size of individual orders is usually big with overall fewer orders. It indicates that the large holders of the cryptocurrency, so-called bitcoin whales, are active during the weekend to amass or offload bitcoins in big number and cash in the weekend price swings. Activities of such large holders have a big impact on the price moves of the cryptocurrency, and they can be much more influential during weekends when trading volumes remain thin.

In addition to the activities of these large volume participants, there are other systematic factors at play.

A primary reason for the observed trends is attributed to the mismatch in the standard operating hours of banks and the cryptocurrency markets. While banks typically operate 40 hours each week (Monday to Friday), cryptocurrency trading continues on 24/7 basis. Many exchanges and brokers charge a hefty fee for buying virtual currency tokens through credit cards, and therefore individuals and firms prefer bank transfer (ACH) deposits or wire transfers to save on card charges. As many active market participants and firms wish to purchase (or offload) bitcoins over the weekend, they transfer the cash from their linked bank accounts to crypto trading accounts on a Friday. With cash lying in the trading accounts and limited market liquidity, these participants attempt to place trades at extreme prices, which also contributes to big price moves. Low liquidity at any given point in any trading instrument often leads to wide spreads in the trading prices.

[suffersnofools] 11/12/2020 14:39

mnomis - You're a true HODLer now!

[suffersnofools] 11/12/2020 14:39

MM's can do what they like. When I tried to buy on the last dip there were no quotes! Well 5k shares - lol

[brasso3] 11/12/2020 14:38

mnomis

not sure if you have noticed but BTC often performs worst Fri - Sun. You may well get some BTC on sale over the weekend.

Ledger Nano S - Watch a few youtube videos to get comfortable.

[mnomis] 11/12/2020 14:32

My SIPP is standing by ... if I get a sub 10p offer. I am now the proud owner of 0.02 BTC. On the weekend, I will set up my nano S and learn about keeping securely, before I look to build up a position. Must say, Kraken has been pretty smooth, GBP deposit cleared very quickly, and was fun to see the order book.

[brasso3] 11/12/2020 14:29

Added just over 50k.

[brasso3] 11/12/2020 14:24

Can buy at 10.09p now.

[uapatel] 11/12/2020 14:17

SNF, yes they seem to like the large spreads. But they ain’t having mine. Although I will be probably buying a small amount next week if the share price obliges.

[suffersnofools] 11/12/2020 14:13

It'll look a gift when the inevitable bid arrives in the New Year!

[suffersnofools] 11/12/2020 14:12

uapatel - oldest mm trick in the book! Need a seller you don't up the advertised bid you drop it ;)

But if you get an online quote you'll see it's moved UP to 10/10.3 - Naughty MM's

[uapatel] 11/12/2020 14:05

SNF, you sure you didn’t push the sell button, judging by the spread. Lol