Argo Blockchain Share Discussion Threads

[brasso3] 24/12/2020 12:11

Must be more to this rise with ARB. It looks like 20p is now a real possibility in the near term.

[trentendboy] 24/12/2020 10:55

See the latest Argo tweetThey clearly agree with Blonty analysisIt shows ARB cheap compared to the big boysThey need to stay aggressiveRiot hive and Mara all raising new money to invest and grow

[suffersnofools] 24/12/2020 10:55

Mnomis - the thing with xrp is that as a token I don't rate it but ripple as a settlement system to replace the decrepit swift system was really getting some traction. I wonder if it's the threat to the status quo that has attracted the SEC involvement?Just looking at the BTC chart - I'd missed that 23800 is actually the 1.618 fib ext - no wonder it's become such a key level! Looking for possible topping signals in terms of negative divergence there is nothing obvious as yet, so 27k still a possible wave 3 target. Then correct down to 18/20 before 45/50k by Easter?

[yump] 24/12/2020 09:55

So heres hoping it catches up before btc has a big sell off, although we only seem to follow the US down, not up.

Wouldn’t mind it tracking btc once its at a decent rating.

[yump] 24/12/2020 09:41

Arb looks like it may have detached from just following btc, or maybe its just playing catchup with the other miners a bit ?

[bokkes10] 24/12/2020 08:56

Tonyfire. That was already a decision in place a fair while ago. Has nothing to do with the XRP scenario

[mnomis] 24/12/2020 08:43

Likewise Merry Xmas everyone!

[crypto nugget] 24/12/2020 08:25

Good morning.

My knowledge as you are aware here, is currently a bit limited, but I'm thinking along the lines of if trading is to be curtailed on crypto's in certain areas, ie ETFs or possibly some spread bets etc., would it not lead eventually to investors either just purchasing BTC outright and then stocks like ARB and holding?

That may be a simplistic view and totally wrong.

Anyhow, although a newbie here I'd like to wish everyone here a merry xmas, and a happy healthy and peaceful 2021.

[tonyfire] 24/12/2020 08:01

Already had a email from Eqi stating I won't be able to trade crypto through them from January 19th

[mnomis] 24/12/2020 07:57

Is a massive destruction of value which currently is positive for BTC, but will it make some institutions think twice about holding crypto?

[bokkes10] 24/12/2020 07:42

The XRP delisting from some exchanges is likely playing a part in this. More likely to be a positive than a negative for BTC

[suffersnofools] 23/12/2020 22:28

Alts getting smashed.ZEC below $50

[suffersnofools] 23/12/2020 22:22

Well this is crypto and as xrp has proved this week - there are plenty of snakes along with the ladders to come! I rule nothing out with prices in these markets.

[mnomis] 23/12/2020 21:08

Thanks Suffers - yip - all comes down to BTC pullback from here or not. Interestingly, looking at ARB OTC - currently at $0.29/sh (21p) and seemed to print this am US at $0.45/sh (33p). So, not sure will be too long in the teens, short of BTC pullback.

[bokkes10] 23/12/2020 20:59

Totally agree Brasso

[brasso3] 23/12/2020 20:45

The only way BTC is going to $14k now is if the SP500 hits sub 3000. I think there will be too many buyer before that level.

Grayscale bought 12,000 bitcoin in a single day last week! There are around 900 BTC mined each day to put that into context.

[bokkes10] 23/12/2020 20:42

Not too sure that chart is helpful. Cannot in any circumstance seen BTC going to 14000 again. And the bull side scenario is much much better.

Unless the floor falls out the market completely then Argo is pretty well placed.

If you take into account the very real prospect of 40000 in the coming weeks, that would value their BTC holdings alone at around £6mil. That is a massive percentage of their current market cap alone not even taking into account their relatively strong position when compared to the other miners.

[brasso3] 23/12/2020 20:25

Not all gaps fill and breakaway gaps are very bullish. ARB will at worse mirror BTC and more likely outperform from here on in.

[suffersnofools] 23/12/2020 20:24

Mnomis - charting ARB is pretty pointless - I just use BTC and treat ARB as a derivative.To get a 13p entry I think you're going to need BTC to pull back from this level. If it gets to 28k I'd consider it a breakaway gap and as such unlikely to fill. The fabled CME gap kept loads of traders on the wrong side of the market and they're still sat on the sidelines......

[mnomis] 23/12/2020 20:08

Thanks for posting SSB - hope this means I get to buy back some shares at 13p?

[sideshowbull] 23/12/2020 19:25

Not holding, but helping a few friends as said before.



If we can't help each other what is the point?

BWTFDIK

[suffersnofools] 23/12/2020 19:21

SSB - you'll have to forgive me I'm not familiar with moana!Hope you bought in at 10p and aren't still sat on sidelines.

[sideshowbull] 23/12/2020 19:16

Should I start singing the Moana tune?






BWTFDIK