Argo Blockchain Share Discussion Threads

[bokkes10] 20/12/2020 20:23

Think you may find you are going to be buying in at an opening price way above 14p tomorrow morning given this weekends events.

Nevertheless, best of luck with your trade.

[crypto nugget] 20/12/2020 19:29

I'm hoping to complete my masters in cyber-security by next September. The £50,000 was an inheritance from an elderly uncle who played the markets for years.

It was a fellow student who suggested studying cryptocurrency who said it was and would be the thing of the future. He used to mention bitcion in particular, but also said to study ethereium and ripple.

Very happy to buy ARB tomorrow for £25,000 - keep the other half back for emergencies.

I won't be selling these for a good number of years, and hoping that the ARB share price can eventually reach £1 say within the next two or three years.

[crypto nugget] 20/12/2020 19:25

Thank you Brasso3.

Maybe on reflection, I have a lot more to learn, but the £50,000 is still sitting there.

Have decided to take a "punt" and put half, £25,000 into ARB first thing tomorrow, and keep on studying.

However, I have no intention of selling this for some considerable time, as at my age hopefully I have many years to see my investment multiply.

Thank you for your input.

[brasso3] 20/12/2020 18:23

crypto nugget

If you want to learn about bitcoin this is not really the thread for it. There is lots of material on youtube and great books out there (The Bitcoin Standard / The Internet of Money). From what you have posted so far it seems like you have done no research and are just gambling.

[crypto nugget] 20/12/2020 18:15

Can I ask, are these forward looking forecasts for BTC of $50,000, $100,000, $400,000 and even $1,000,000 serious?

Given ARB's current number of bitcoins in their reserve, and their ever expanding capacity to mine them, surely that would put ARB at a price of £1, £2, £5 and even £10 if the "magic" one million mark was ever hit for BTC?.

Or have I got my maths totally wrong and out of sync?

[yump] 20/12/2020 18:06

When this bubble bursts, I'm into tulips.

[dennisbergkamp] 20/12/2020 17:46

Smt has reduced their holding from what I recall

D

[brasso3] 20/12/2020 17:20

I can see it now. Not sure either.

[qazwsxedc69] 20/12/2020 17:15

Elon - lots of references to Dogecoin. Not sure of context

[qazwsxedc69] 20/12/2020 17:04

Not sure I follow all the Dogecoin references. Anyone able to enlighten me?

[brasso3] 20/12/2020 16:07

Michael Saylor and Elon Musk engaging on Twitter now talking bitcoin! Wow!

[uapatel] 20/12/2020 12:11

SNF, will have to rely on their judgment. It’s a big part of the holding in SMT, smaller in my other funds, but as I said time will tell.

Anyways not relying on Tesla to keep my retirement running. Hope ARB along with a number my other investments will help.

Goodluck all holders.

[suffersnofools] 20/12/2020 12:00

Uapatel - if your fund mangers haven't offloaded tesla into this final euphoria stage of the bull market they won't be in jobs for long. We are well into 'bigger fool' territory.Fair value for Tesla allowing for its growth potential, spaceX, neuralink, battery tech etc is around $5 IMO.I don't think they will win the electric car market - Toyota will

[uapatel] 20/12/2020 11:56

Who would have thought an online bookstore would look to sell groceries or pharmaceuticals. Crazy.

I think you either see Tesla as a car company that had an advantage and other manufacturers are catching up on the EV market or it’s a lot more than a EV car manufacturer. Time will tell. (Hold Tesla via my Baillie Gifford Trust/funds so have a biased view.

[suffersnofools] 20/12/2020 11:55

$8 to the current $3200 is a decent return though. Given that valuations are now ABOVE the dotcom peak as we are heading into an insolvency crisis leading to a liquidity crisis leading to a depression the current stock market rally is a top that might not be seen again for 25 years.

[suffersnofools] 20/12/2020 11:52

More than halved! It was $85 in the dotcom peak - a year later it had lost more than 90pc of it value at $8!I expect Tesla to do similar in the coming bear market.

[horneblower] 20/12/2020 11:30

Amazing to think that Amazon halved then...and now it's worth 100 times that value!

[suffersnofools] 20/12/2020 11:17

If you try and have a sensible conversation with a Tesla bull it's exactly like talking to a holder of Amazon in the dotcom bubble. I agree it's a great company with HUGE potential and i was a holder for a long time, and I sold out way too early earlier this year BUT the price now is 10 years ahead of itself just as amazon was back then. When it sells off a lot of peeps are gonna get toasted

[hootza616] 20/12/2020 11:04

Not sure if this is significant but at this level the Bitfinex order book looks mighty interesting. Up to 26k price there are 2000+ BTC available.From then up to 38k there are still only 2000+ BTC available.When they are gone, they are gone!

[hootza616] 20/12/2020 10:17

Almost as bad is another way of saying better than.

[qazwsxedc69] 20/12/2020 09:58

Followed up by 'Bitcoin is almost as bad as Fiat money'

[qazwsxedc69] 20/12/2020 09:57

Followed up by 'just kidding, who needs a safe word anyway'

[hootza616] 20/12/2020 09:28

That's fantastic! Clearly he thinks things are going to go beyond acceptable. Like his stock value!