Argo Blockchain Share Discussion Threads

[1new guy] 12/1/2021 13:21

Funny how, when btc starts to rise a mega potential fraud accusation emerges. Often driven by the PTB looking for free coins to snaffle. Just sayin'!

[scotty666] 12/1/2021 13:15

When’s US listing penned for?

[mciw] 12/1/2021 12:58

Btbt if proven a fraud possibly damages reputation of all miners, alternatively means sellers are looking for a genuine listed miner.

[alm6] 12/1/2021 12:58

Yeah I sold out of them a while back after making 2x. Something didn't smell right.

[mciw] 12/1/2021 12:57

Speaking of chocolate teapots, report accusing bitdigital btbt in US as being a fraud, shares plunging, was valued at over 1bn usd!

[yump] 12/1/2021 12:45

Chocolate teapots ? That's given me a sales idea for a novelty party item !

[suffersnofools] 12/1/2021 12:40

You in the chocolate teapot business Yump :)

[suffersnofools] 12/1/2021 12:39

Most definitely. Best scenario for ARB is BTC mooching about in the mid 30ks - hugely profitable and allows fair value against peers to be found. Big spikes either way in BTC are unhelpful, at least for now. Direction of travel rather than absolute value more important for sentiment.A steady BTC also allows the alts to rally.

[yump] 12/1/2021 12:30

US certainly values tech more - whether that's exaggerated or not probably doesn't matter !

0/t I've learnt not to buy any AIM listed US stocks though, given valuations over there, why on earth list here.

[con90210] 12/1/2021 12:18

Think the US will to be honest. Just get the feeling the UK lags behind on BTC and the technology here whereas our American cousins seem to embrace this more. Feel the upgraded US listing will boost our profile higher, for sure.

[yump] 12/1/2021 12:15

#buyarb #makebritaingreatagain #andsrt

[yump] 12/1/2021 12:14

Be interesting to see if the US takes the lead, especially when next level trading OTC starts.

Of course, despite ARB being much more efficient, there is the obstacle of the idea that anything American must be best. A beacon of freedom that the rest of the world at looking at. Yeah right.

Went there years ago to look at a brand new chocolate production line that had all the latest tech (apparently). Turned out it was rubbish and had to warn them about various problems to come. They hadn't researched anything much they just assumed all their kit was the best.

[dorset64] 12/1/2021 12:11

Great to see, for the time being, volatility in both the share price & this BB cool down and able to read back the few posts every couple of hours, instead of finding 150 posts, mostly nonsense.

[walter walcarpets] 12/1/2021 12:06

ARB featured on Bloomberg Business this morning (apols if already posted)

[yump] 12/1/2021 11:50

If you want to figure out the MM's smaller games, I think what I would feel like doing if they dropped this to 80p or jumped it to 140p. Both generate sellers and buyers for different reasons.

For instance, FOMO was not present at 5p, but it probably was as soon as it shot through 10p. MM's would get the same FOMO result with and without the buyers.

If they jumped this to 140p they'd have to work out whether the FOMO's that come in, would compensate for the others that decide to sell as it was a previous high.

etc. etc. probably. I think.

[emeraldzebra] 12/1/2021 11:50

Nice steady day for Bitcoin (and Argo) sofar - which probably no bad thing for both.

[pal44] 12/1/2021 11:08

agree MM have 2 GCSEs and are bit clever at times especially with an active stock like AGRO .There is so much Chaos in the world plus Banks and Governments realise that printing money to get out of doodoo is not the only solution .

[emeraldzebra] 12/1/2021 10:59

Many thanks to all. Vm appreciated. (I am learning.!) Seems counter intuitive. Moral of the story : In the absence of negative news....BUY when the mms reduce the price and not fall into their 'trap' ? !

[jonny_wright] 12/1/2021 10:44

Price just matches Bitcoin, so we are at the mercy

[suffersnofools] 12/1/2021 10:44

Mms herd pi's like sheep. If they want 2 way business they narrow spread, they widen it during high volatility to slow trade.If you want a seller drop the bid or move in the ask. If you want a buyer, up the bid.Argo is shooting fish in a barrel for mms. Watch them march up the price later to offload on the cheap shares they've taken off U.K. buyers this morning.

[horneblower] 12/1/2021 10:41

It's always a balance between greedy buyers and scared sellers.
If you lower the price do the greedy get greedier than the scared get scareder.

[alm6] 12/1/2021 10:36

Why pay 1.10 for a share if you could pay 1.05? Investors waiting for a higher value might get bored, worried, frustrated etc with the lack of movement sell at the lower price and move on etc etc

[emeraldzebra] 12/1/2021 10:31

why would a mm supress a price to load up ?? Surely they would increase it to attract sellers ?? (i.e. As a buyer i would wait for a price to be reduced)...

[oilisgold] 12/1/2021 10:19

Much better today. Very little volatility. Trading 1.05 to 1.10. Traders i don't think can make much.