Argo Blockchain Share Discussion Threads

[hootza616] 14/1/2021 23:15

Hi SSB, not sure where you get the impression I own any BTC. I own no BTC, but do invest in ARB.My question is related to the forecast income streams of ARB going forward and how transaction fees may vary as the value of BTC rises.Just trying to understand and learn from the experts here.

[2tyke] 14/1/2021 23:08

Hi alm, our posts crossed. I understand what you mean now.

The wave down that rejected 42k wasn't a wave 2. It was an A-wave. The B-wave was the bounce higher back to just below 40k.
I'm seeing the C-wave down underway, but we won't know for sure until tomorrow.
If it is....it needs to go below 30k before the uptrend resumes.

[telbap] 14/1/2021 22:47

Bit is currently 38550.......120 open on the morning?

[alm6] 14/1/2021 22:38

Yes exactly. Wave 2 was downward and hit a low of around 30k wave 4 is also downward, but as part of the pattern it has to bottom out higher than 2, to keep the upward momentum.

[2tyke] 14/1/2021 22:35

No alm, your understanding is quite wrong.

Bitcoin is in a BULL market.
Wave 4 is downwards.

[alm6] 14/1/2021 22:32

The 4 correction can't go lower than the 2 correction. We have a bottom of >30k for this correction.

[2tyke] 14/1/2021 22:31

Yes count, after a wave 4 correction lower comes a wave 5 to new highs.
The bad news is that wave 4's are time-consuming, and because the wave 3 spike higher was so large, the wave 4 down has quite a bit further to go yet.
Painful short-term for holders of ARB whose chart is in-step with btc....and very volatile.

[alm6] 14/1/2021 22:29

My understanding is that 4 is in the way up, B is on the way down no?

[countdracula55] 14/1/2021 22:18

Technical analysis isn't my bag I'm afraid, but always willing to learn from others.Thanks for the heads up and let's be patient for the highs we know will come.Gla.

[2tyke] 14/1/2021 22:13

Btc is currently in a wave 4 correction lower from 42k.
So is ARB.

[alm6] 14/1/2021 22:08

Hmm this looks like the beginning of an Eliot wave not the tail end to me. Still got the top to come before the correctives...

[2tyke] 14/1/2021 21:38

Do you mean btc is dropping count ?

It will do.
The rise from the lows is what's called a B-wave. It's a technical corrective wave before another powerful wave down. It's part of the bigger ongoing correction from btc reaching about 42k which was the 4.618 fob extension.
Short-term very painful for holders.

[uapatel] 14/1/2021 21:27

Argo Q&A PT 3

[countdracula55] 14/1/2021 21:19

Oh dear, its dropping off a cliff ffs.

[crypto nugget] 14/1/2021 21:02

US equivalent close around £1.19.

[crypto nugget] 14/1/2021 20:55

Although its exceedingly early days, and the chances of it happening this year are probably next to zero, it's worth remembering that in last night's video, Peter Wall did say that the question of dividends is something the board will be discussing later in the year.

So, if any of the forecasts for BTC come true and it is over say $100,000 by the end of 2021, it may just be that a token dividend could be declared in 2022, especially if you factor in the increased capacity coming on line very soon.

[sideshowbull] 14/1/2021 19:50

BTC is not for transactions it is CRYPTO gold.


However I transfer BTC for a lot cheaper than that. You must be getting bummed.

BWTFDIK

[tradeforce] 14/1/2021 19:50

Many thanks guys.

[hootza616] 14/1/2021 19:39

Please would you humour me by answering my question. What would the transaction fee be when 1 BTC is valued at $1m? Still 0.0001 BTC?

[maddymoo] 14/1/2021 19:31

So if Max Keiser's prediction is correct where do you see the share price. I know valuations were posted some days back but I can't find the breakdown in the thread

Thanks Moo

[hootza616] 14/1/2021 19:31

https://www.otcmarkets.com/stock/ARBKF/quote

[qs99] 14/1/2021 19:31

Type in ARBKF and you will get some links!

Good evenings everyone 👍
Cheers
QS99

[tradeforce] 14/1/2021 19:21

How can you see the price of ARB OTC?

[yump] 14/1/2021 18:45

I don't think it was a disappointing day. Surely never going to just blast through 120p without BTC well above 40K. 120p half way to 140p and an obvious sell point, if you're inclined to take something out in safety.

Possibly a few traders bought at £1 ish and then sold at 118p ish. I hardly ever trade, but did a big chunk approx. on those prices as it seemed likely that it wouldn't go straight past after the dip to less than £1.

re: OTC fireworks: If you came to this fresh in the UK and it had already gone from 5p to 100p in the US, would you start buying heavily ?

Basically at 5-10p ARB was following BTC, then it disengaged and its value became more realistic, given that its profits are heavily geared to the BTC price. Its no longer a blatant bargain, its become more of a stock where you take a longer term view - as in a few months !