Argo Blockchain Share Discussion Threads

[ragnarr] 23/8/2019 12:59

I see the chinese are working on a rival as well

[topazfrenzy] 23/8/2019 12:44

Definitely a seller in the background here ...
I did what Suffers did the other day and sold some, me around 9.5p, he got more I know lol, still holding the rest
Are you back in Suffers?

[liveit2] 23/8/2019 11:27

snf - btc adoption rate is increasing at an embryonic pace - this will ultimately drive value - Donald T - is around for few years only - he can de-ramp it as much as he likes - one thing for sure is btc will be around for much longer

Not taking a short term view here - gold standard was dropped - all currencies will soon be measured against btc standard - how do you measure value of fiats - if you cannot rely on usd

[suffersnofools] 23/8/2019 10:56

The thing about that I think a lot of people are missing is the complete mis-valuation.There is obviously still a seller in the market - presumably from the placing, but once cleared this will re-rate quickly given that is way more efficient than its peers yet on a lower multiple!By my calcs the current share price is about fair based on a BTC price of around 3.5k! For investors who missed out on the most recent BTC low and/or can't be bothered with setting up a wallet and holding coins themselves due to learning curve or security concerns, this is a superb way to gain exposure. Add in upcoming bullish catalysts like bakkt futures, recession, currency wars etc. Who wouldn't want some exposure?hTTps://www.google.co.uk/amp/s/www.newsbtc.com/2019/08/20/bitcoin-bakkt-gann-pivot-points/amp/

[blackrolie00] 23/8/2019 10:54

https://www.coindesk.com/despite-ceo-claims-dash-isnt-really-the-most-used-crypto-in-venezuela

[liveit2] 23/8/2019 10:48

i think i saw somewhere on this thread - we report profits in gbp. btc is up .6% in usd terms, but up 0.8% against gbp - market yet to realise the true value of this compny in gbp

[topazfrenzy] 23/8/2019 10:36

ps: and there only 8,994,783 DASH in circulation as I type (coinmarketcap.com), capped at 18,900,000, that's the maximum supply in the years to come.

[topazfrenzy] 23/8/2019 10:34

I think they will launch some huge easing programme at the G7 this weekend.

Should be interesting to see how Bitcoin and other cryptos react. The reason I like Monero is because it shadows Bitcoin, in more exaggerated movements, it is a privacy coin so not for everyone, however this will be in more and more demand as governments try to enter every aspect of your life. Privacy coins are here to stay, even if they try to 'ban' them, so go for the biggest and best, Monero. Dash is also a great one as used extensively in South America, will only get bigger and bigger, it was over $1600 at its peak, I believe it will go way higher next alt coin stampede, its today trading at under $94.

[liveit2] 23/8/2019 10:30

Sept update a few days away - I suspect more miners installed and operating at full capacity at 40% discount to 4 months ago

[suffersnofools] 23/8/2019 10:19

Costa - the hash rate of bitcoin reached an all time high 2 days ago. Way higher than when BTC was near 20k in 2017. It's been a leading indicator of BTC since '08 with an approx 3 month lag which would indicate a new high coming towards year end. As we know BTC traditionally rallies into year end. My target is around 37k based on my wave count. Re the halving. I follow the posts of a great guy, Willy Woo :) - He does on-chain metrics and has developed some superb analysis tools. Well worth a look - hTTps://www.google.co.uk/amp/s/woobull.com/introducing-the-difficulty-ribbon-the-best-times-to-buy-bitcoin/amp/

[ragnarr] 23/8/2019 10:16

Topey - whats your thoughts on Libra ?

[liveit2] 23/8/2019 10:15

mining efficiency improved by 40%, capacity increased by near 300%. whats not to like

150*3 btcs and 40% efficiency improvement -

btc expected price in 3 months = 30 to 50k usd

love being in the right place at the right time

moving up in multiples of pence and dopping in fractions of pence - what does this tell me?

wouldn't want to be out of this over the weekend of g7

[topazfrenzy] 23/8/2019 10:13

Keep buying other great cryptos too, like Monero and Dash.

[liveit2] 23/8/2019 10:10

g7 coming - all hell about to break and only stability is btc

[suffersnofools] 23/8/2019 10:06

Buyers out in force this morning. Nice little 10pc spike!

[orm5] 22/8/2019 20:34

Where are H1 results expected here?

[liveit2] 22/8/2019 16:11

with g7france just around the corner stock market will become more turbulant than btc - never know what pres trump will come-up with especailly with prim boris beside him - all of this could be good for btc - makes it a safe haven

[idiot441] 22/8/2019 15:25

Stoneme Director bios are well worth reading via website (updated site due soon) and RNS etc.
If you don't have general belief in rising value of BTC then this may not be right for a big part of your portfolio. For me it's my largest position! Why: consider some or all of: geopolitical, QE & debasing of fiat currencies, BTC halvening 2020, fixed BTC issuance, gold & digital gold, difficulty rate increasing etc. I am sure you and others can add to the list. All of these make me happy to hold BTC on balance sheet. But I would not expect them to actively trade (as in buy and sell) except as necessary to fund expenses, capex, etc. Keeping a sensible amount of fiat so they are not forced into sales at times of volatility and low prices.

[stoneme] 22/8/2019 15:08

Thanks for the reply. What makes you happy about them being an investor as well as a miner? Their skill in scaling up , and delivering mining results impress me. I need to do some more research to understand what skills these guys have in investment. These skills are in no way intertwined. If they report X coins mined at Y price, I would prefer them to always sell coins at or above Y.We will see. I may need to attend the next AGM to press the point, gain clarity, comfort. I like this company. From what was a punt, I am getting close to being very seriously invested here.

[idiot441] 22/8/2019 14:21

stoneme I went to AGM and asked about hedging etc. At that time they were typically selling approx half earned coins each month but I suspect position has changed since. General position is that they DO seek to keep some of earned BTC on balance sheet for long term gains (general expectation that BTC will be higher long term). Competitors such as Hut8 & Hive have similar policies and indeed Hut8 results this week showed significant gains from balance sheet coins. ARB do not have a formal policy because they necessarily need to take action based on machines ordered that need to pay invoice balance on delivery - while taking a view on BTC price. I am sure that means they try to catch upward spikes but I think everyone would agree its almost impossible to predict BTC movements (despite efforts some make to correlate gold or use charts etc!).
Anyone that saw disastrous hedging policies by gold miners some years agree will agree that the so-called experts are not so expert!

So yes, they are an investor as well as miner of BTC. I am very happy with that

[ragnarr] 22/8/2019 14:18

BTC doesnt seem to want to stay under 10USD

[stoneme] 22/8/2019 13:13

I agree. Short term fluctuations, wide ones, will occur, but the sentiment in BTC is generally positive. My strategy with ARB is working well.Hold core. Trade in a pre determined range another 30%, hold any gains in the core holding (effectively free extra shares).ARB share price appears to lag BTC changes, although the recent spike was company announcement driven, which I expect will also occur when we see the results. As I keep saying, I would like the company to confirm it ALWAYS sells mined coins at levels above what they report. If not it's like a balance sheet or WIP, valuation is nigh on impossible. I won't hold (substantially) if ARB are player BTC trader.

[horneblower] 22/8/2019 11:46

Having spiked to over 19,000 two years ago I would be surprised if it didn't get up there again if only to do a massive double top.
We are currently in a consolidation period which probably has another three weeks to go to the apex of the triangle it has formed.
I reckon we should see 20,000 towards the end of the year. However, these consolidation regions are tricky and I would expect a bumpy ride before the new direction shows itself. A rise to 11,500 followed by a fall as low as 8,000 seems rather likely to me.
"Fasten your seatbelts, it's going to be a bumpy night." Bette Davis, All about Eve. 1950.

[ragnarr] 22/8/2019 09:56

aidenabettin - based on what exactly - doh!