Argo Blockchain Share Discussion Threads

[trentendboy] 18/1/2021 09:37

Absolutely - this uncertainty scares off many of the large tutesMeans, rarely, that retail can front run institutions if you really understand how BTC worksUse FUD to our advantageRegulation would allow tutes and pension funds to pile inThe 100,000 by end of 2021 not so far fetched imo ARB could x3 easily by EoY

[suffersnofools] 18/1/2021 09:36

PWhiteSeriously - why come to a knowledgable crypto bb and make a statement about BTC being 'outlawed'If you don't understand the central concept of BTCs value, decentralisation, then you need to come back when you've done more research.The US has been trying to kill off BTC for years and failed miserably. They can obstruct on and off ramps like the exchanges and put an onus on provides through KYC regulation but it's ultimately futile. Btw Bidens FED pick is a major cryoto bull.hTtPs://www.coindesk.com/why-joe-bidens-3t-stimulus-package-could-add-fuel-to-bitcoins-rally

[yump] 18/1/2021 09:35

Just thought I'd revisit some figures - all ball-park of course:

Say 2000 BTC this year @ 25K GBP - that's a whole year of current capacity (1100 btc) + say 9 months of first new machines this year (500 btc) + say 6 months of placing money machines (400 btc).

Call that GBP 50mln
60% margin would give GBP 30mln (last month was 70%+)
Depreciation is around GBP 20mln I reckon
That's gross profit of GBP 10mln with only admin. to come off GBP 2mln ?

Gives GBP 8mln profit. Earnings of 2.25p.
Roughly a p/e of 40 at current share price, which is nothing.

(Depreciation: 6mln for existing kit, 6mln for leased, 8mln for new placing kit.)

70% margin gives a profit increase from 8mln to 13mln as everything else is fixed.
A BTC price of say GBP 35K puts 20mln onto the revenue, which ALL feeds through to profit.

Profit is then more silly than the silliest Python sketch.

... and of course it can all work in reverse, but its easy to see what sort of 'insurance' there is.

[pwhite73] 18/1/2021 09:29

2tyke

Like many you flirt with BTC but clearly haven't the faintest idea how it works. If BTC is traded by human beings the same influences that effect shares or any other asset effects the value of BTC. If you think its virtual and has no external influences tell me what the price of BTC would be if the Biden administration said it intended to pass legislation to outlaw it.

[trentendboy] 18/1/2021 09:25

Agreed - this is blow off topBuilding shorts and moving more and more funds into BTC and BTC related Already at 50 percent PE ratios are insane

[nico115] 18/1/2021 09:25

Totally agree Only caveat being I expect the dollar to rally as equites crash ..btc may come under pressure but I'm not sure !!Anyway I've had a further think on Argo and it looks like we will get some nice upgrades as capacity increases by c30pct and dilution only 8pct Be good if btc stays here and on wed when the selling subsides we get a Btc rally and arb rallies back to 150p ATH

[suffersnofools] 18/1/2021 09:23

The only thing propping you equities is DXY getting devalued by the trillions in money printing. It's the last bullet the FED has.

[suffersnofools] 18/1/2021 09:20

Yes - they're tied into a cycle of inflationary QE they started and can't now stop. We aren't going back to normal. The wheels are about to come off hence the flight to the safety of crypto. A process that has only just begun.

[2tyke] 18/1/2021 09:19

PWhite

Btc is a traded virtual entity.
The only existence it has is as a traded ticker. People trade it to try and make money or mitigate losses they currently have in it. That's all there is.
It doesn't matter why individuals buy and sell. The trades are done at a set price and buyer and seller completely agree on the price. It's a zero sum game. Outside events are TOTALLY irrelevant to btc.

[investorgeek1] 18/1/2021 09:18

I just managed 96p - gutted I missed 9op but last Thursday I would of been happy to pay 96 so pressed the button.

[suffersnofools] 18/1/2021 09:18

If I may kcoweCatalyst will be an insolvency crisis leading to a banking crisis.This at a time when US equities are the most expensive they have ever been. I've posted several charts on here previously showing how the the current valuation are now above those at the peak of the dotcom bubble.Technicals. The S&P, Russel, Nas and DOW have all broken out above the upper trendline of the long term bull trend from 2009. This is exactly what you expect in the final throws of an parabolic blow off top phase at the end of a bull market. Could yet go higher still as FOMO mania continues but the top is near. Also as an EW advocate this is end of a major wave 5 from a pattern that began in 1982.

[kcowe] 18/1/2021 09:15

pwhite you were the same character saying NCYT was a sell at 70p lol.

[mnomis] 18/1/2021 09:14

Just logged into II to pick up some more at 90p, but missed boat. As bought more at £1 on Friday, will just watch (although my target share price is higher today than on Friday). Well done to those who got more at 90p level.

Re institutions flipping, I don't buy it. Private placement will have been to some select long-only safe hands, who want BTC exposure the "lower risk" way.

[kcowe] 18/1/2021 09:13

place your bets pwhite ....

[pwhite73] 18/1/2021 09:11

SuffersNoFools - "If you think stimulus is bringing stability to the US economy you are deluded."

Just stand back and think for one moment what would have happened to the UK, the US and European economies if governments did not have control of money system during this pandemic. If governments could not print money to furlough workers or pour billions into their respective health systems.

Look I'm not here to argue with all I'm saying is a return to global normality will put further pressure on the value of BTC.

[trentendboy] 18/1/2021 09:11

Agree with nico on possible crashThink it might come soonerShorting some big tech including Tesla - PE 1700. Insane and 1999 levels

[mciw] 18/1/2021 09:11

Great news this morning, taken advantage of the increased share price to dilute a relatively small percentage. Payback period at current, never mind future btc price must be months rather than years. Should bounce strongly from here but with US market closed could be a day or so before the benefits are fully understood.

[nico115] 18/1/2021 09:11

I do but as i wrote earlier this is an Arb bulletin board

[horneblower] 18/1/2021 09:10

nico #13567. Noted and much appreciated :)

[pwhite73] 18/1/2021 09:10

2tyke - "Pwhite Btc is a virtual currency. It has no outside influences,"

If the price of BTC has risen from $23,000 to $40,000 in the space of a month it must be subject to external influences what else can explain the exponential rise in the price. If it has no external influences then the price would remain flat indefinitely. The price rises because more people are after it. More people are after it because other currencies and assets appear to be less stable. When stability returns to these other currencies and assets it affects the price of BTC hence the drop back to $36,000.

[trentendboy] 18/1/2021 09:09

Arb has to get this placement done to keep up and make the most of the highly rated paperGood move and discount represents need for speedGot to get those orders in ASAP to stay competitive Such a good price todayMissed the sub90

[brasso3] 18/1/2021 09:08

I am sure we know what will happen on the OTC...

[2tyke] 18/1/2021 09:06

Virtually everyone on here looking at these things in totally the wrong way....and drawing completely the wrong conclusions.

[kcowe] 18/1/2021 09:06

you have no working thesis then lol nico115 .

[nico115] 18/1/2021 09:04

Another day as don't want to clog this bb while so much argo news about today