Argo Blockchain Share Discussion Threads

[goldenshare888] 14/8/2019 09:26

Yes, very encouraging and my morning top-up already in the money.

[whoppy] 14/8/2019 09:26

Kicking on!

[goldenshare888] 14/8/2019 09:25

I know what you mean and minor interest to me too as I see potential for major upside here. Just thought it might help time additional purchasing.

;-)

[jon123] 14/8/2019 09:19

looks like a normal head and shoulder to me not an inverse one with the base line at 6p but i'm very skeptical about chart patterns lol

[goldenshare888] 14/8/2019 09:10

Adding more here, could be the right shoulder of an inverse head and shoulder pattern forming here?

Thoughts...?

[topazfrenzy] 14/8/2019 08:16

This guy's technical analysis is pretty hot:

hxxps://www.tradingview.com/chart/BTCUSD/hTD55Xdq-Hate-My-Analyses-Then-Don-t-Read-Em-Unfollow-Me-FAIC-BTC/

[horneblower] 13/8/2019 22:46

A few new posters with some off-beam info imo.
ARB is a bitcoin tracker with the added dimension of being , currently, more efficient at mining than many others, hence it should (for the moment) bare a higher p/e.
This is not currently reflected in the price but might get a boost come results.
The recent small fall in bitcoin was expected. It should hit 10k imo.

[idiot441] 13/8/2019 14:52

Stampy there us nothing mothballed about this mine! It's going at full tilt and expanding operations with new machines. It's very much a choice the company has made to mine for own book and cease MAAS.
However it's likely they will return to ADD MAAS again for institutional and large-scale investors. My expectation is that will not happen until 2020 as the current focus is on rapid expansion and mining with a cost of just 20% per mined BTC.

[stampylong trader] 13/8/2019 14:23

Thank you. The key word is "temporary". The drop in Bitcoin took everyone by surprise, which is why these got down to 4p.

When they return to their original strategy, then these will be back above their IPO price. Every blockchain stock is depressed now - it will take brave money to buy when others are fearful.

Does it have more risk than before? No, because it has made contacts with institutionals that will want bitcoin and related products again in the future. This is the price of experience that ARB has paid for. The risk of bitcoin being destroyed, and going away forever still remains the same.

What you are buying today technically is a "mothballed" mine that will be ready to be fully operational (mining and taking subscriptions) when the time is right.

[stoneme] 13/8/2019 13:49

As such - ARB now carries ALL both the risk and return. . Does this make you reconsider your response? My answer would have been yes - anyone can invest in the computer hardware to mine Bitcoins, however, over time, these are becoming more expensive, especially the cost of power. Without scale, you really are going to struggle. However , as Bitcoin becomes more valuable, more players undoubtedly invest more in computer power, which is perhaps the biggest risk for the ARB model, or anyone else.Your return on investment is, or so it seems, a diminished return as the competition for mining grows. As I understand it, there are a finite number of coins to be made at any one time, which halves every few years? AIMO DYOR

[stoneme] 13/8/2019 13:45

Further to the announcement of 15th February 2019, Argo moved quickly to implement its strategy refocus, streamline the business and cut costs. The MaaS operation has ceased and existing infrastructure and capital have been redeployed for mining on Argo's own account, effective from 1(st) April 2019. As part of the transition, staff numbers have been cut by 40% and the marketing and customer support functions were significantly reduced and reassigned. The Group has also renegotiated its major input costs, contributing to an overall saving in ongoing mining operational costs by 35%.

[stoneme] 13/8/2019 13:42

Sorry - ARB is NOT a subscription model.Taken from their 1st Full Year results - Chairman's StatmentNotwithstanding the excellent progress made in our first year, and in the light of a prolonged and unexpectedly severe industry downturn, in February 2019 the Board took the difficult but necessary decision to temporarily cease Argo's subscription-based consumer mining service and transition to mining for its own account.

[topazfrenzy] 13/8/2019 12:08

hxxps://coincheckup.com/coins/dash/purpose

[topazfrenzy] 13/8/2019 11:22

It's widely used daily in South America and expanding all the time, including in Africa. With Argentina now joining the club of banana currencie issuer since yesterday, expect DASH to expand all over that continent.

It is capped at 18.9 million coins, under 9 million in circulation, mineable like Bitcoin, ultrafast, super cheap to transact, privacy feature if wanted, great team pushing it forward all the time ...

hxxps://coincheckup.com/coins/dash/

[le0nard] 13/8/2019 11:19

Re DASH Sorry stupid question again . Why is it a great coin?

[topazfrenzy] 13/8/2019 11:16

Sites for you to start researching ilostthelot:

hxxps://coinmarketcap.com/

hxxps://coincheckup.com/

[topazfrenzy] 13/8/2019 11:15

Bitpanda.com is a great platform to buy cryptos on, it's based in Vienna and has some big expansion plans, it has just launched a global exchange, it lists lots of great cryptos already and is super easy to use.

[ilostthelot] 13/8/2019 11:12

I will do 👍 topazfrenzy

[topazfrenzy] 13/8/2019 11:10

You should also look at buying some crypto directly ilostthelot, like DASH, it's a great coin and could go ballistic over the coming years.

[ilostthelot] 13/8/2019 10:46

Looks like i moved the price a little.

[ilostthelot] 13/8/2019 10:45

Thanks for the links gents

[ilostthelot] 13/8/2019 10:45

Invested 3 grand. Skin in the game - that'll motivate me to research!

[supertag] 13/8/2019 10:39

Hootza, I am in at an average of 6.6p thank you.
I intend to sell at a profit of over 100% if that is ok with you?

[stampylong trader] 13/8/2019 10:37

"So you basically have to buy an expensive computer to mine bitcoins? Whats stopping anyone with money doing this?"

Nothing but you take on all the risk if bitcoin goes down. As we have seen, mining set ups in China have thrown out all their computers into the skip in the last Bitcoin crash. Devastating. It is safer to be a middle person or money changer rather taking a directional bet on bitcoin.

By having a subscription model, the risk is greatly lowered because you have paying customers that brings in cashflow. What you are paying for is the set up, network contacts, and of course management.

[stampylong trader] 13/8/2019 10:30

I doubt we will get taken out early. We have Gil Penchina who is a veteran investor, and used to dealing with this kind of thing. He knows what this is worth.

Check out his "Angelist" of investments

hxxps://angel.co/penchina