Argo Blockchain Share Discussion Threads

[alm6] 30/12/2020 23:58

Nowadays, it's rare for a product eligible for an ISA to be mis-sold, at least according to the FCA understanding of the term. Rules on financial promotions are tight but there is a recognition that at least some responsibility lies with the consumer. I'd be surprised if any of the products referred to were genuinely mis-sold. Just hucksters wrangling for business. They should be careful, mention a specific product and they'd have a libel case on their hands.

[yump] 30/12/2020 23:48

Interesting to note that the parasites are out in force advertising on the radio, trying to attract punters who have "lost money on an ISA or investment".

Funny how that advertising has accelerated since Covid and therefore most ISA's and portfolios will have taken a hit, therefore 'underperforming' and 'mis-sold'.

I always wonder whether anything would have been 'mis-sold' if everyone had made money from their pension / endowment / investment etc., because inflation continued at the old rate of 8-10% and was paralleled by growth in investments.

I remember in 1980 (roughly) being told that it was reasonable to expect my endowment to grow at 8-10% a year and therefore to put in £xx a month. I wonder if there would have been a big investigation into mis-selling, if they had said "but actually growth might only be 2-3%, so we recommend putting in 5x the amount.

Imagine the fuss about unnecessary commission and unnecessary extra payments.

I know, yes there was gross mis-selling and promises, but I also know that loads of people have had payments simply because their funds didn't grow and they took no notice of the 'might go down as well as up' warnings.

[brasso3] 30/12/2020 23:34

From Twitter

Dan Held@danheld

Bank fines since 2008: $330B

Bitcoin market cap: $519B

Which one is used for illegal activities again?

[ramellous] 30/12/2020 23:19

More from the funky guy

[suffersnofools] 30/12/2020 23:05

Yep - still in the foothills Now I've de-risked my arb I want to let this run it's course. £2 seemed a long way off at 4p but no reason why 32p can't become 200p six months from now.

[horneblower] 30/12/2020 22:44

BTC has risen 51% since breakout from the previous high of $19,114.
In April 2017 after breaking above the then high, in almost identical circumstances, it rose 60% before falling back 10% then rose to 150% from the old high.
And that was just the beginning. It ended up 1,557% higher at $19,114 from the breakout at $1,153.
We appear to be on the same path.

[crypto nugget] 30/12/2020 22:34

I'm taking a slightly different approach.

Buying ARB on any dips of 10% or more, but not selling a single share until BTC hits $100,000 - so not so much going on the ARB price but that of BTC.

Just looking at the latest correlation, looks to me as though we'll pierce 40p and hold that level when BTC goes over $30,000 - which isn't that far off now.

[walter walcarpets] 30/12/2020 22:18

Let the winners run

[robward] 30/12/2020 22:05

FWIW, I top sliced a quarter of my holding today. Only picked them up end of July so quite a nice return.

[qs99] 30/12/2020 21:56

Not selling any more below a quid.... if 2021 BTC targets are only half reached then ARB will get there IMO.... the demand for BTC IMO is increasing but as we all know supply isn’t

Purely on that basis I see BTC trending much higher.... DYOR

[suffersnofools] 30/12/2020 20:34

No. Won't sell any below 50 now.

[kcowe] 30/12/2020 20:24

me ...not sold a bean .. still holding all I bought below 7p...

[nico115] 30/12/2020 20:21

Did you sell any today ?

[kcowe] 30/12/2020 20:09

amazing strength here massive volume the past couple of days .. lots of selling by traders openly stating positions,all that selling being absorbed thats very bullish in my books .

[crypto nugget] 30/12/2020 19:19

BTC now flirting with $29,000.

What do you reckon on that then Topaz?

[paraguay] 30/12/2020 18:50

Sold half my holding today at 100% profit in less than 2 weeks - remainder is all free ride from here. GLA

[brasso3] 30/12/2020 18:49

Argo Blockchain PLC
OTCMKTS: ARBKF
0.52 USD +0.030 (6.12%)

Bitcoin about to break new all time high...

[sideshowbull] 30/12/2020 17:44

Pitch it here if you feel strongly about a share..



or

[alm6] 30/12/2020 17:25

Wow that sounded like a sales pitch lol.

[alm6] 30/12/2020 17:20

I like the new invesco Elwood blockchain etf (BCHN). Stick some money in and forget about it for 5 years or so. Worst case scenario you're exposed to a sector and geographically diverse portfolio UCITS compliant. But if Blockchain really lives up to the hype...

[yump] 30/12/2020 17:12

Big prizes for those who guess the next buzzword, although I never did very well out of 'Big Data'. Probably because most of the time it was being used to mean 'lots more data than 5 years ago'. Cybersecurity been and gone. Podcasts, VOIP, old hat.

My guess is "Quantum Chain". That would be one of those shares that when you think you've pinned down its USP, its been changed.

[sideshowbull] 30/12/2020 16:55

OBC is a dog with mange.


BWTFDIK