Argo Blockchain Share Discussion Threads

[aidenabettin] 08/1/2021 08:21

This is a no brainer .Time to sit back and watch it grow as the migration to crypto gathers pace

[fozzie] 08/1/2021 08:21

125 to sell 40,000 so back to yesterday’s closing level, that was short lived.

[allstars001] 08/1/2021 08:20

The bubble burst sayers will bubble burst on these boards

[mnomis] 08/1/2021 08:16

Lol re bubble burst. Unless you saying BTC bubble, but that still in strong upward channel. ARB valuation cheap so cannot be a bubble. Confused ...

[duxy786] 08/1/2021 08:14

Damn bubble.

[jamins] 08/1/2021 08:14

Argo confirmed on Twitter this morning that OTC application still being processed and will RNS when it has been authorised

[uapatel] 08/1/2021 08:14

Bound to have some people sell. Argo still generating coins and BTC is over $38K.

[smraynot] 08/1/2021 08:13

Party fun while it lasted. Bubble burst and a reality check I'm afraid.

[suffersnofools] 08/1/2021 08:12

Bought back 50k at 101.5

[gspanner] 08/1/2021 08:12

thefartingc

thank you for posting text of telegraph article... Mainstream press getting on board. perhaps the beginning of the end of this cycle?

[volsung] 08/1/2021 08:12

Bought some back for 105p

[fozzie] 08/1/2021 08:07

I think we would have had to issue an rns if we had moved up a notch on the otc a la Zoe this morning.

[mnomis] 08/1/2021 08:06

Panic on the streets of London ... NOT

[nico115] 08/1/2021 08:06

What's new !! You know investors like to buy high and sell low !!Gives us great opps!!

[mnomis] 08/1/2021 08:05

A question on OTC - the link posted was to a signed application by my reading. When is confirmation of acceptance, or was that it?

[nico115] 08/1/2021 08:04

Not like you to buy into a share like this on a big run ?

[fozzie] 08/1/2021 08:04

101.0 now.

So the US tail is wagging the dog after all? That wouldn’t be a surprise to me, where the US leads we always follow. Let’s see if this dip gets bought.

[deanmatlazin] 08/1/2021 08:02

Better move your profit to MODE that just about to explode

[fozzie] 08/1/2021 08:01

105.5 to sell 40,000

I didn’t.

[suffersnofools] 08/1/2021 07:59

Lemmings selling under a quid premsrket. The mind boggles

[nico115] 08/1/2021 07:59

Totally agree

[nico115] 08/1/2021 07:58

Great sale Well done Anyway healthy to have a pullback Interesting day ahead Thanks

[thefartingcommie] 08/1/2021 07:57

Crypto investors can end up with large capital gains tax bills eating into returns


By Sam Benstead 8 January 2021 • 7:00am

Bitcoin investors have bid up the price to an all-time high but its dramatic rise has meant early investors face large capital gains tax bill.

The price of of Bitcoin, the leading cryptocurrency, has hit of $37,000, double what they cost one month ago. However, the currency cannot be owned directly in traditional tax-efficient accounts such as Isa and pensions.

Gains made outside of such accounts are liable for capital gains tax which could eat up 10-20pc of the profits after a £12,300 allowance.

There are, however, a number of ways investors can track the value of Bitcoin and other cryptocurrencies via Isas and pensions. Telegraph Money takes you through the best options.
Argo Blockchain

Bitcoin is “mined” by computers solving complex calculations which get gradually harder over time. There are currently 18.5m Bitcoins in circulation and the final ones are expected to be mined in 2140, meaning that there is still plenty of time for companies involved in the process to make a lot of money.

Argo Blockchain, listed on the London Stock Exchange, owns 16,000 computers working on these calculations. In 2020, it mined 2,465 Bitcoins. The share price has risen 1,600pc – or 17 times – in the past year.
KR1

KR1 is a £45m cryptocurrency investment firm that owns 35 different digital coins, including well known ones Bitcoin and Ethereum, as well as newer options such as Polkadot, Cosmos and Dfinity. Owning KR1 shares is a way of owning a spread of different cryptocurrencies inside an Isa or Sipp.

Its share price has risen from £4.20 to £33 in the past year, a 750pc gain.
Elwood Blockchain Global Equity ETF

This ETF from American fund manager Invesco tracks a basket of companies deemed to have the “potential to participate in the blockchain ecosystem”.

Blockchain is the technology which underpins the Bitcoin network and allows transactions to take place.

This means the ETF owns companies directly involved in blockchain technology, as well as businesses with large cryptocurrency assets, such as MicroStrategy, an American software business which recently bought billions of dollars worth of Bitcoin.

It also owns big technology companies, such as Taiwan Semiconductor Manufacturing.

The £300m ETF charges 0.65pc and has doubled in value in the past year.
Ruffer funds

British fund house Ruffer became the City's first major investment company to buy Bitcoin for DIY investors last month when it added £550m of the digital currency to its funds.

Bitcoin accounts for 2.5pc of assets in the £475m Ruffer Investment Company and its £3.5bn Total Return Fund. It said Bitcoin was a tool to diversify the funds and act as a hedge against low interest rates.

Since its purchases in November, it has made paper profits of over £320m, according to Citywire, a specialist investment website. Ruffer Investment Company shares have risen 11pc since they added Bitcoin to the fund.
Related Topics

Blockchain,
Shares,
Investment trusts,
Bitcoin

[parsons4] 08/1/2021 07:57

BTC is very strong, you would think that a bigger pull back is due. But a fall of $3000 from the high is bought into !!! Can't see ARB opening much easier this morning !!

[suffersnofools] 08/1/2021 07:50

How will competition intensify when there is no mining hardware to buy? Of course difficulty will rise but nowhere near as fast as the BTC price imo.The market will let us know in due course if £10 is achievable :) Need to sit on my hands this morning if there is early weekness! The proceeds of my sale at 125p yesterday are just staring at me.