Argo Blockchain Share Discussion Threads

[aidenabettin] 09/1/2021 18:46

$BTC was until recently seen as too risky to be in. Now its too risky to be out. HODL. hTTps://news.bitcoin.com/regulated-bitcoin-etps-skyrocket-coinshares-cites-unprecedented-interest-from-institutional-investors/

[dafad] 09/1/2021 18:45

Argo

@ArgoBlockchain

·

23h

.

@elonmusk

we coming for you
‐‐-------‐--‐-------‐-------‐-'

Maybe it will be Elon coming for us!!lol

[maddymoo] 09/1/2021 18:41

Hi all I'm very New here and finding my feet. Am I right in saying there are shares being released on Monday at 16p?
Do you think that will mean the share price will open low?
So sorry for being terribly naive I've been reading all your posts daily.
Also do you think the end will come at the same time for the approval?

ATB

[crypto nugget] 09/1/2021 18:36

Many thanks Edge001.

So currently we hold 209 BTC - that's what I needed confirming.

Cheers.

[edge001] 09/1/2021 18:19

He's referring to Microstrategys holdinghttps://bitcointreasuries.org

[crypto nugget] 09/1/2021 18:09

By the way, I did post earlier that 209 x the current BTC price equates to around $8,000,000.

[uapatel] 09/1/2021 18:08

Must admit, I still can’t believe my good fortune in getting onboard through October/November. It looked worthwhile as a proxy to BTC and that I could hold them in my ISA & SIPP.

Really appreciate all the information put out here.

Hopefully we get a Monday morning RNS on the US OTC. Could be a nice rise into the US open.

Good luck all holders.

[crypto nugget] 09/1/2021 18:08

I have and it states as at the end of Dec we hold 209 BTC.

I'm referring to Aiden's post 11572 - who is he referring to?

[yankeekraut] 09/1/2021 18:06

nugget - read the bloody update from last week...

[crypto nugget] 09/1/2021 18:01

Can someone help?

After Aiden's post 11572 does that apply to us? I thought we held 209 BTC or am I wrong?

Just trying to do some figs and can't find anywhere what we actually hold in treasury.

I know with the latest exercise in warrants and options what our cash reserve will be, but would be grateful for the actual holding in BTC & equivalents.

Thanks in advance.

[sideshowbull] 09/1/2021 17:47

My new T1 target BTC is 56657.

Just BTC prediction so don't look into it ,

I do not hold any ARB.


BWTFDIK

[suffersnofools] 09/1/2021 17:42

Mnomis - exactly BTC winding up for a big move in the next 8rs looking at the 1hr chart. Close above 41300 or below 39800 .......

[mnomis] 09/1/2021 17:19

Nico - I have also been here a while (and full disclosure, have already realised some decent profits and playing for free, but with a sizable £ position still) - I just struggle to comprehend how $288k and the resultant speculative mania does not take us past £10/sh. It would be much easier to argue that $288k won't happen, hence £10 won't happen. A simple calculation says $288k is 7.2x on current BTC. ARB is more leveraged to BTC price - 7.2x on ARB share price is ~£8.50. Hence why I struggle to understand your conviction that £10 is pie in the sky.

FWIW - I could see us going way past £10 at the top of the cycle that prints $288k on BTC, but I am being conservative and using a maximum of $100k for BTC in my calculations at the moment (S2F vs S2FX model and all). Either way, if $100k BTC is coming, hold onto some ARB shares.

[sif12] 09/1/2021 16:45

Yep .. but that calc is based on fixing the two big variables... btc price and share of hash.. its a constant f8ght to maintain share of hash.. not saying they cant. Or even increase their share

[king suarez] 09/1/2021 16:31

"Next 10 years about 1.8-1.9 btc very rough...I dont think you accounted for havling block reward. So will get to 120 years."

Suggests ARB would have about 13.5k bitcoins then if they are at 1/150th network hash rate - assuming a $100k price (way conservative?) would have them at $1.35bn in Treasury?

[crypto nugget] 09/1/2021 16:30

I may be way out here, but anyone agree that as the difficulty increases, along with the BTC price, then companies like ARB become sitting ducks for a takeover?

[aidenabettin] 09/1/2021 16:29

Worth a bit more now.[A]s of December 21, 2020, the Company holds an aggregate of approximately 70,470 bitcoins, which were acquired at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per bitcoin, inclusive of fees and expenses..That's some investment return in a very short time

[mattybuoy] 09/1/2021 16:24

King Suarez,

"2.4m coins at 900 per day is 7.3 years"

Don't forget that the block reward halves approximately every 4 years, the last instance being on May 11 2020.

The difficulty is set solely by the average block time over the preceding 2,016 blocks, nothing else.

[sif12] 09/1/2021 16:24

Ks i think there are too many variable to really model this out more than 12 months forward

Next 10 years about 1.8-1.9 btc very rough...I dont think you accounted for havling block reward. So will get to 120 years.

[qs99] 09/1/2021 16:15

And thanks for link re morgan Stanley, again just more and more instis coming into the market, IMO that wall of money differentiates this BTC rise to previous one which was probs mainly PI punters....

with any drops in BTC, with this demand, the dips should therefore be well bought and short-lived

[qs99] 09/1/2021 16:13

When Bitmain does go public, it will give another value point for others

[aidenabettin] 09/1/2021 16:12

hTTps://www.microstrategy.com/en/company/company-videos/microstrategy-announces-over-1b-in-total-bitcoin-purchases-in-2020

[yump] 09/1/2021 16:11

Am I right in thinking that if mining capacity doesn't increase much because of mining hardware scarcity, then a rising BTC price will have no effect on difficulty, because mining power will stay the same ?

So perhaps difficulty will not keep rising, until later in the year.

[king suarez] 09/1/2021 16:07

Given the scramble for mining hardware it will be interesting to see what share price Bitmain IPO at:



Could be a good investment potentially?