Argo Blockchain Share Discussion Threads

[teed6422] 14/12/2020 18:33

Latest update from Blonity, he now includes a forecasting element.Argo still number one for Excellence and could rise by X 100 if we got a sensible pe multiple of 25.A compelling watch!https://youtu.be/RVZs7SVmaIk

[suffersnofools] 14/12/2020 15:08

Looks like breaking out upwards out of pennant. 20400 coming into view?

[suffersnofools] 14/12/2020 13:04

There are online tools but only as good as the data you feed in

[yump] 14/12/2020 12:46

Thought so. If difficulty gone up 10% and BTC around this level, then all other things being equal, ARB could be about the same net profit December as Nov ? or a bit more.

[suffersnofools] 14/12/2020 12:36

Yump - No. It's an inference job.

[trentendboy] 14/12/2020 12:30

MSTR tell us exactly what they paid and whenIt is all in their releases plus Saylor twitter feed All public and all out there

[yump] 14/12/2020 12:05

Does anyone know if there is any way of getting at ARB's mining efficiency, other than knowing the monthly margin, which is a kind of indirect reflection as far as I can make out ?

[mnomis] 14/12/2020 11:38

Well, all the available newly mined BTC perhaps ... ARB holding on to a few of their mined coins, some others certainly holding on to more ...

[brasso3] 14/12/2020 10:18

I guess we will never know for sure.

What we do know is that Graysacale are buying all of the newly mined bitcoin.

[trentendboy] 14/12/2020 10:12

Nope

Look when MSTR starting to buy BTC. Was a lot later than you thin.

Their average BTC price was around 11,000 dollars. AFTER then bought BTC.X price fell to around 10,500

Then it increased once SQ got involved and others

[brasso3] 14/12/2020 09:09

TrentEndBoy

"The first MSTR did not shift the price"

The price from the start of April to mid May went from $6k to $9k.

[trentendboy] 14/12/2020 08:35

Good to see ARB popping Was odd it was slow out the gates but I missed it More to come for sure

[trentendboy] 14/12/2020 08:34

The first MSTR did not shift the priceYes it is easy to buy 650 millionLook at the market cap of BTC650 is not a big number these days

[suffersnofools] 14/12/2020 08:27

Nice bullish pennant on the hourly chart. Winding up for another assault on 20k later today?

[horneblower] 14/12/2020 08:26

"Buying was done so as not to shift the price"
Did it not rise 250% from start to end.

[suffersnofools] 14/12/2020 08:22

So you think it will be easy to acquire $650m worth of bitcoin which is around 34,000 coins?

Yes. As I've said there are sellers at these levels. This is just one institution that have advertised they are buying as they needed approval. There are always buyers and sellers, that's why 'news' is garbage for timing entry or exit. The chart is the only objective tool - price action tells you all you need to know.

Great news for Bitcoin in the big picture. Irrelevant in current trading.

[trentendboy] 14/12/2020 08:02

Slow start - hmmm, chance to top up as we should see a ten percenter

[kaka47] 14/12/2020 07:50

Bitcoin winner

[trentendboy] 14/12/2020 07:48

Reading how they got the first 425 million was simple enoughThey used micro buys over a period of time but not that long Buying was done so as not to shift the price

[brasso3] 14/12/2020 07:23

So you think it will be easy to acquire $650m worth of bitcoin which is around 34,000 coins?

[suffersnofools] 14/12/2020 07:16

Flawed assumption that because there is a well advertised buyer in the market it’s going to drive the price up. There have been large institutional buyers in the markets in the last couple of weeks while price has gone sideways and down. There are still big sellers at these levels.

[brasso3] 14/12/2020 06:01

I think MS said that it took 6 weeks to acquire the first $450m investment in bitcoin back in April.

[trentendboy] 13/12/2020 23:12

I suspect it has been converted alreadyMarket never sleepsIf not, jump Monday will be all the larger as more try to front run the 650 millionImpressive leadership

[brasso3] 13/12/2020 21:34

I doubt he cares about price as he purchased $50m above $19k a few weeks back. He is will know that once this breaks $20k it will bring in more people.

He will not be comfortable sitting on his latest $650m 'ice cube'! Better convert it to BTC ASAP.

[suffersnofools] 13/12/2020 21:00

Brasso - I suspect saylor will be wanting to buy sub 15k like me!