Argo Blockchain Share Discussion Threads

[suffersnofools] 21/12/2020 14:02

Lol - of course you did frenzy :)

[topazfrenzy] 21/12/2020 13:48

I was hoping for a lower re-entry but looks so solid at the moment, the cheap days may well be behind us, the cat is out of the bag with these miners and due attention is growing all the time

[topazfrenzy] 21/12/2020 13:44

suffers you idiot I sold for over 14.5 and bought back at 13.71 so shut the fu&k up

[brasso3] 21/12/2020 13:34

HANetf passes US$1bn assets mark on new launches and surge in activity

[brasso3] 21/12/2020 13:32

Michael Saylor
@michael_saylor
·
27m
MicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per #bitcoin and now #hodl an aggregate of 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.

[crypto nugget] 21/12/2020 13:15

SuffersNoFools - thank you for that.

[crypto nugget] 21/12/2020 13:12

Yump, thank you for taking the time and trouble to reply with sensible advice.

I'll keep the 50,000 shares for now and see how things go.

King Suarez - many thanks for that.

[king suarez] 21/12/2020 13:11

Market just needs confidence that we are not mining tulips..

[suffersnofools] 21/12/2020 13:06

Nice work Suarez - broadly agree with all that

[suffersnofools] 21/12/2020 13:04

Hi,Yes ARB is hugely undervalued even without any further increase in BTC price. If we were valued at the same levels as our direct peers such as Riot or HUT8 then we should already be at 40p plus.My previously stated target is 200p with BTC @100k

[hootza616] 21/12/2020 12:52

Worth reading the Stock to Flow Model for BTC.Been on track as far as I see.

[yump] 21/12/2020 12:47

crypto nugget

The most important thing to bear in mind is that a lot of what you see is just from commentators in the press who have no stake, plus a load of other people who have a stake one way or another. Its all opinions apart from a few published successful and famous investors, where there method worked in the past, but might not now.

fwiw I would put the money in a safe, give the key to someone you trust and tell them not to let you have it back until you've studied the market and at least have some idea of how much rubbish is talked.

Oh and something worth thinking about is that when there is a sale 50% off some good quality shoes, people rush to buy. That does not seem to apply to the stock market, where a sudden 50% rise in a share price makes people buy and a long falling share price makes people sell, even when it appears to have bottomed out. The answer is in the actual business and there isn't an easy way to assess that.

[crypto nugget] 21/12/2020 12:38

SuffersNofools - as a newcomer here, hope you don't mind me asking the following.

I note you've often said that ARB is "undervalued". Are you meaning that approx 14p or so to buy is cheap with BTC around $23,000?

I've heard and read some forecasts for BTC in the future of $50,000 next year, going to $100,000 and one guy on Bloomberg has called it to $400,000-$1,000,000 by 2025.

Notwithstanding a knock-out bid here, if some of those forecasts materialise, what is your view on the ARB share price at those levels.

Many thanks in advance.

[suffersnofools] 21/12/2020 12:33

Bought back for more than you sold for plus spread. Nice work :)

[topazfrenzy] 21/12/2020 12:22

As you all know, this is a takeout target at some point, so say 50p take out price in early 2021?

[topazfrenzy] 21/12/2020 12:21

I told you to wait before adding / buying in

Grabbed a few back in the 13s innit

[yump] 21/12/2020 12:19

Everyone has a theory of what is going to happen but a bit like brokers, actually committing to a time is risky. So I would like to change my prediction of 20p for the arb share price this week to an unspecified time in the future please.

[suffersnofools] 21/12/2020 11:55

Well timed mnomis!

[suffersnofools] 21/12/2020 10:56

It's due to the stimulus or lack of - hopefully the start of a nice correction down

[crypto nugget] 21/12/2020 10:38

Well, my initial foray into ARB was hardly the best timing wise!

My plan is to slowly add here on any meaningful dips.

Hootza616 - Lol!

[brasso3] 21/12/2020 10:33

The PPT are still in bed at this time!

Looks like its all in relation to the DXY having a bounce.

What do they say 'the biggest down days occur in bull markets'

[suffersnofools] 21/12/2020 10:26

US tumbling now!

[suffersnofools] 21/12/2020 09:51

US markets not happy with the pretty feeble new stimulus package. Hopefully get a nice sell off there. Of course if market goes risk off then BTC will likely selloff as well.