Argo Blockchain Share Discussion Threads

[nico115] 16/1/2021 16:33

Our mkt cap at 1 pound is 325m so at 3 pounds would be 1bn but surely if we keep rising PW will want more machinery hence more shares in issue so I think 1.5bn mkt cap maybe at 3 quid

[gostaa] 16/1/2021 16:25

This guy seems to agree with your analyis yesterday:

[gostaa] 16/1/2021 16:22

@2tyke, are you still bearish on BTC next week?

[suffersnofools] 16/1/2021 16:21

Polkadot up 37pcZEC @105

[crypto nugget] 16/1/2021 16:15

nico - you've just said our MCAP would be £2bn at £3 - but it won't. It'll be £1bn - as PW said - that's the valuation he's expecting and "soon".

The Grayscale info kindly posted by Mnomis I think highlights not just the wall of money that will go into BTC, but the dramatic increased interest in stocks like ARB over the next year or so.

And it's not that we "like" SNF because he has a £36 forecast - he doesn't. That's just one of the possible outcomes depending on the BTC price, the amount we can mine and hold, Z-Cash and Polkadot performance, plus our initial investment in Luxor.

If someone on here with vastly more knowledge of the situation than me wants to go public on numbers like that, he's hardly likely to want to make himself look a fool.

So, at the end of the day £3, £5, £10 and yes £36 are all feasible over the course of time, the latter obviously a long time.

[nico115] 16/1/2021 16:02

I would be surprised but if btc becomes parabolic we may get a stupid rise.I think 300p will be the upper limit this year as PW will want to take advantage of such a rise and issue shares im sure and our mkt cap will be 2bn at that level !I'm hoping for another 50 to 100pct and I'm out Very hard to predict what pe we may get to but don't be greedy and sellSome on the way like SNF is doing

[suffersnofools] 16/1/2021 16:01

Mnomis - thanks for the Grayscale link

[investorgeek1] 16/1/2021 15:51

I'd be ecstatic if it reaches 5 gbp - do you think that's possible this year ?

[nico115] 16/1/2021 15:49

Well played Don't forget we are a mkt cap of 350m ,don't forget Much easier to multiply when mkt cap is a lot lower

[nico115] 16/1/2021 15:48

Thanks At least we have one sensible person on this threadSNF is arrogance personified ..you all love him as he has a 36 qd target here so makes you all feel good and safe Zero chance of that happening ..wake up the lot of you

[mnomis] 16/1/2021 15:47

I personally had an average entry below 5p, sold some on way up, and still hold a big portion in this as cannot think of a better home, based in being bullish BTC and thinking ARB best miner in space plus still a lot of potential to close value gap. Assuming a bubble, which may well happen for crypto miners, ARB goes to £10+ this cycle ...

[nico115] 16/1/2021 15:47

Come on It makes no difference if we go to 10quid A buy at 5p and a sell at 121p is pure genius plus some luck ..it's a 20 bagger Tell me how that is a lemming ? Wow

[mnomis] 16/1/2021 15:44

Nico, re selling at 121p, firstly, unlikely someone held on until that top, secondly, all depends where the proceeds went, but of course way too early to tell unless you have the Nico crystal ball

[bakedbean] 16/1/2021 15:44

Bitcoin flying atm

[aidenabettin] 16/1/2021 15:43

Deals are being done post Brexit

[investorgeek1] 16/1/2021 15:41

I wouldn't mind 10k gbp @ 5p and sell at 120p ... thank you very much

[mnomis] 16/1/2021 15:41

And 1 more: Grayscale Bitcoin Trust Inflows Outpace Mined Bitcoin: As we have noted in prior reports, the inflows into Grayscale Bitcoin Trust have continued to grow as a percent of mined Bitcoin. This metric is significant because miners are known to be the market’s natural sellers, often using their newly mined Bitcoin to pay for operating expenses. In 4Q20, Bitcoin inflows were approximately 194% of mined Bitcoin.

[aidenabettin] 16/1/2021 15:33

I was thinking private companies not listed but you never know. hTTps://investorplace.com/2021/01/3-crypto-mining-stocks-set-to-benefit-from-bitcoin-record-riot-btbt-mara/

[mnomis] 16/1/2021 15:30

And if no time to read, 2 key takeaways: 1. Average Weekly Investment – Grayscale® Bitcoin Trust: $217.1 million Q4.
2. Majority of investment (93%) came from institutional investors, dominated by asset managers. (May refer to total investment, but get the idea).
One other titbit ... it seems Grayscale took a holiday from buying BTC for start of Jan (is tracked on twitter). For as good as TA is, this I find very helpful to understand too.

[mnomis] 16/1/2021 15:25

All interesting chat (some more than others). Thanks for channels and Northstar tweet. Not Elliot Wave, but what I have been watching, as a bit more simple. Helped me to buy more ARB at £1 as BTC bounced off bottom of channel, plus a lot of support at £1.

To add something to the chat, this may be of interest ...
hxxps://grayscale.co/insights/grayscale-q4-2020-digital-asset-investment-report/?utm_medium=social&utm_source=twitter&utm_campaign=2020_q4_investment_report

[suffersnofools] 16/1/2021 15:12

Or a loss making miner like Mara.

[suffersnofools] 16/1/2021 15:11

Typo - meant 'present' ;)