Argo Blockchain Share Discussion Threads

[aidenabettin] 16/1/2021 10:35

Bitcoin Could Be Rat Poison, and the Rat Could Be Cash.Cash will be gone in possibly 5yrs imo

[crypto nugget] 16/1/2021 10:31

Good morning to all.

re Aiden's post earlier, I remember Peter Wall said in answer to a question, that they would be using the warrant and option exercise money to probably "obtain more mining machines and keep back some for day to day running costs, which will enable us to keep back more BTC in treasury".

Nico - noted your comment earlier "BTC to $1m then $10m".

Whilst I'm not furthering the spat, this I feel is exactly what SNF alludes to re ARB, and so his £5, £10, £36 comments are as valid.

As I've said before, I'm definitely a "newbie" here and learning every day, but my thoughts turn to "infinity". Over the years as demand grows and supply dwindles due to halving etc and finally stops at 21m, although we won't probably see it in our lifetimes, BTC could go to $100m, or even $1bn as there will be no price cap on it whatsoever. Likewise there will be no price cap on ARB too, with its (by then) large collection of BTC and maybe other coins/tokens.

So, charting aside, maybe that is the sentiment SNF was trying to get across. A very long term outlook I appreciate but when BTC was 6c anyone then forecasting $38,000 would have been certified.

[aidenabettin] 16/1/2021 10:23

Is that the same drug barons that supply the pharmaceuticals?

[2tyke] 16/1/2021 10:17

Yes SNF,

I see this current bounce going further yet, closer to 38.5k

No change to the bigger chart picture. BTC needs to breach the jan 14th high of around 39.5k soon....or it will be going below the jan 11th low of 30.5k.

[netcurtains] 16/1/2021 10:13

alm6: In 2010 a bit coin was worth 5p - that is the true.
Its now worth £35,000.

So a millionaire bit coin person in 2010 (eg a drug baron)
would be worth: 35000 / 0.05 * 1000000 = 700000000000

Which bit of my maths is wrong alm6?

[nico115] 16/1/2021 10:08

In five years time the major wealth will be with the people who invested heavily into btc early Now is still early Btc to 1m then 10m

[alm6] 16/1/2021 10:05

Out of interest, with all this talk of M&A what equivalent cash value would you be willing to accept for your holding of an offer was made on Monday?

[suffersnofools] 16/1/2021 10:02

BTC back at overhead resistance 37800.

[netcurtains] 16/1/2021 09:58

I was thinking...
Who controls the world? Who are the secret trillionaires?
The story goes back to 2010 when each bit coin was worth 5p

Most of the "middle class" drug addicts of 2010 bought bit coins to buy drugs.
They just need a few of those coins lying around to now be millionaires. So I guess
majority of millionaires now are ex-drug addicts from 2010.

However that means the majority of trillionaires will have been the drug barons of 2010 who sold drugs for bit coins. They must be the "secret cabal of trillionaires" who now control the world.

[trader2xg] 16/1/2021 09:55

Short term target 150p

[aidenabettin] 16/1/2021 09:45

Hopefully the funds are being used to BUY a promising tech startup or further investment like the luxor one

[aidenabettin] 16/1/2021 09:44

Agree about CEO but i dont see valuation being through organic growth and mining revenues alone.I think they have an M&A deal lined up.2021 is the year of the SPAC(in the UK)and M&A

[nico115] 16/1/2021 09:40

Agreed Just listened to all the videos by Peter WallHe's a top guy and we are lucky to have him as CEOI love the fact he has regular interaction with us shareholders AND he said we would be a 1bn mkt cap v soon !! Obviously dependent on BTC price !! That's means 300p !! No chance of 36 pounds or even 10 pounds imho but 300p will do !! Lol

[hybrasil] 16/1/2021 09:21

Has anyone totted up how much cash arb has got through the recent exercise of the options and warrants?

[aidenabettin] 16/1/2021 09:12

I posted this on BIDS and think its relevant here as i see ARB being involved in an M&A deal. hTTps://acceleratedmfgbrokers.com/growth-acquisition-vs-organic-growth/.Only a few Big players in the ARB sector and i think we will be given the chance to grow through M&A rather than buy a takeover.The Buzz word just now is SPAC and it might be a consideration to allow ARB to expand rapidly through M&A. hTTps://markets.businessinsider.com/news/stocks/spacs-london-ipo-blank-check-activity-us-stock-exchange-2020-10-1029651615?op=1.That would allow ARB to grow exponentially with M&A rather than the slower organic growth

[yump] 16/1/2021 09:06

Some key links to the published studies showing that TA works and which TA doesn’t work is not going to clog the BB.

The BB is clogged with all sorts of other stuff and claims about ARB are being made on the basis of TA.

So it is relevant and I’m not going to debate the studies, I’m just going to read them.

I bet quite a few others would like to read them as well.

I know about TA. There are hoards of books and courses.

What I’m interested in is validity studies.

[ccr1958] 16/1/2021 08:54

Good posts guys ..informative and interesting.

[aidenabettin] 16/1/2021 08:45

We are in the process of transferring fiat assets to crypto. The $ is dead imo. Markets will and are starting to trade crypto as well as equities on digital exchanges but the TAX man will get his money from the serfs.Everything on the planet will be tokenised eventually with Gold,Real estate and Finance taking the lead.Blockchain is changing everything with smart contracts(still in $link) and DeFi

[nico115] 16/1/2021 08:19

Some very good posts here I think Btc is mainly driven by money flows and positioning BUT technical analysis plays a part even if only 20pct as higher lows and a bullish trend with the right economic backdrop all helps Only thing that gives me caution and it's certainly not yet and not at these levels is What happens when the dollar rallies as we do inversely correlate with it ?What happens when equites crash as all risk assets fall and there's a good chance btc will as well?

[aidenabettin] 16/1/2021 07:40

2 prime examples of deals being done at an international level with all sorts of nonsense being posted on bb's from lack of revenues to Ceo's being attacked causing shareprice crashes to accommodate the deal price agreed behind the scenes. Now that the deals are completed or about to be completed or the deals enhanced or companies completes further deals the shareprice will rocket. The two companies are BIDS and BRSD.A big deal is being agreed behind the scenes involving ARB imo and for that reason i have no intention of selling short term. I will watch closely for anything that would resemble a BIDS/BRSD(TSI/BNR) scenario.I see ARB as a great company but deals/swaps do happen even with the best assets that made you invest in the first place.You can learn a lot on these bb's if you can spot the usual players ranging from those posting wildly high price predictions to an impending crash. Crypto and digital technology is here and is our future.This is only the beginning.Good luck all

[ridicule] 16/1/2021 07:31

Hence the saying Aiden: “Investing is a hard way to make easy money”

[aidenabettin] 16/1/2021 07:12

I'm not a fan of TA/Charts..For me its day to day market manipulation that automatically goes hunting for long/short positions depending on which side is weighted higher.Good/bad rns is secondry imo to market manipulation. Posters with multiple accounts will have some for bullish (long) and swap to bearish(short) and become very aggressive at times if their position is losing.Only guarantee of success is to be an insider.The rest?.Its pure luck even with indepth research it means nothing unless you have access to the insider information about whats going on behind the scenes and the deals being agreed between the UK and global players at a political level