Argo Blockchain Share Discussion Threads

[parob] 20/12/2020 08:59

Elon Musk tweet 30 mins ago:Bitcoin is my safe wordhTTps://twitter.com/elonmusk/status/1340573003579617280?s=21

[crypto nugget] 19/12/2020 23:09

Thank you everyone for your input.

Brasso3 - I have £50,000 to invest in here, but didn't say all in go! Will start to invest though come Monday.

If early enough should be able to put in a decent sized chunk around 15p I reckon, but thank you anyway.

[hootza616] 19/12/2020 22:55

Hope you know what your doing CN! Like I said, toss a coin!

[hootza616] 19/12/2020 22:50

SSB, please remind us why your not invested in ARB as well as or instead of BTC? Seems your the only one that doesn't see ARB outperforming BTC or recognise the obvious tax benefits?The only risk I see other than the BTC price is the ARB management screwing something up.Is there something that worries you about the management?

[plat hunter] 19/12/2020 22:42

Anyone else seen the three bearish soldier pattern on the btc monthly chart?January could be a scary month here, if the previous patterns play out.

[horneblower] 19/12/2020 22:08

If BTC retains $24k I think you may struggle, but good luck.

[brasso3] 19/12/2020 22:08

crypto nugget

A few hours ago you were going to invest on a monthly basis. Now you are going all in on Monday!

crypto nugget19 Dec '20 - 18:43 - 8912 of 8921

Thank you Hootza.

I note the volatility in BTC, and ARB to an extent, and am planning to make regular investments in ARB either on a monthly basis or when there is a sharp pullback in the price of BTC as I see it is correlated to it more or less.

[crypto nugget] 19/12/2020 22:02

Thank you everybody for your input and information this evening, it is very much appreciated.

I have approximately £50,000 to invest, which I shall be putting in come Monday. By my amateur reckoning, I'm hoping I can put that amount into ARB at around 15p

[brasso3] 19/12/2020 21:45

SNF

I think most people in the UK who buy crypto do not seem to be aware that is is subject to CGT.

[suffersnofools] 19/12/2020 21:36

If you believe BTC is going to go up over the next 12 months then ARB should outperform BTC by approx 3 to 1 given likely margins due to gearing. So for instance if BTC gets to 100k by Dec 2021 and you bought today @24k you looking at roughly a 4 bagger. I believe that if BTC is 100k in Dec 21, ARB will be around £2. Plus ARB hugely more tax efficient

[brasso3] 19/12/2020 20:53

There are some clear benefits for holding ARB over BTC:-

1) Leveraged to BTC price
2) Increasing mining capacity
3) CGT exempt in an ISA/ SIPP
4) Intrinsic value in the mining facility
5) Potential dual listing (eg TSX)

[horneblower] 19/12/2020 20:40

crypto nugget,
ARB SHOULD be positively geared to the price of BTC...but might not be.
The reason is that the price of ARB should reflect the profitability of ARB as a company and ARB's profitability should increase faster than the rise in BTC due to the fact that ARB's fixed costs should not rise as fast as it's BTC revenue.
That's the theory, but reality may prove to be different.
As someone said, the other reason ARB has a potential benefit is that gains can be tax free.

[brasso3] 19/12/2020 20:03

Ethereum has not fully transitioned over to staking. Staking is available now on ETH 2.0.

[dennisbergkamp] 19/12/2020 19:55

TEB, why is hive still flying now eth is stake based returns

D

[brasso3] 19/12/2020 19:41

SSB

You buy ARB for the same reason that you buy a gold mining company instead of buying bullion :)

[sideshowbull] 19/12/2020 18:54

Just buy BTC at market and hold off exchange - it is not rocket science.

BWTFDIK

[crypto nugget] 19/12/2020 18:43

Thank you Hootza.

I note the volatility in BTC, and ARB to an extent, and am planning to make regular investments in ARB either on a monthly basis or when there is a sharp pullback in the price of BTC as I see it is correlated to it more or less.

I would be in for the longer term in any case, around 5 years or so.

Thanks for your views.

[hootza616] 19/12/2020 18:36

Best thing to do is toss a coin!Most people are in ARB because it's the only bitcoin play available in tax free ISA and SIPP.If you like BTC as a concept and can cope with the big ups and downs this is for you, especially if you can afford to wait a year before cashing in.

[crypto nugget] 19/12/2020 18:18

Good evening.

I am new here, and new to ADVFN, having joined only today. I have a keen interest in cryptocurrencies, bitcoin, ethereum and ripple, but hadn't realised until it was pointed out to me a few days ago about ARB, who actually mine bitcoin.

Whilst I don't own either BTC nor ARB yet I have been reading the thread today with interest.

I notice that someone has posted that ARB is a "geared play" on BTC. Is anybody here able to tell me approximately what gearing there is?

I intend to invest here soon, but as a rather cautious investor just want to see that BTC can properly stabilise at these current higher levels.

Many thanks, and any information would be very welcome and appreciated.

[walter walcarpets] 19/12/2020 17:57

Northstar next target 28k

[trentendboy] 19/12/2020 17:52

Another ten percent gain Monday for sure This is a leveraged play so gains will be largeStill lagging Riot and my but investment in Hive on TSX

[gspanner] 19/12/2020 16:59

Pretty good vols too - been busy de-bearding the mussels.

[gspanner] 19/12/2020 16:46

Topaz will be right one day... Important to resist the Shadenfreude!

[brasso3] 19/12/2020 16:41

Ssssshhhhhhh :)