Argo Blockchain Share Discussion Threads

[trader2xg] 18/1/2021 20:23

A 50% retracement from the highs takes this to 75p where we should see a bounce! My target is 150p medium term

[sideshowbull] 18/1/2021 20:22

Is ARB mining zcash or BTC?

Asking for a friend.


BWTFDIK

[nico115] 18/1/2021 20:14

What price willWe be if we trade at the same valuation to US miners ?

[mnomis] 18/1/2021 20:12

Yip, that was my big take away re jumping queue.

[gspanner] 18/1/2021 20:03

I think it is a shame the management genius has been missed with all the engagement with Pwhite’s of the world.

How has PW managed this and effectively jumped the queue over the other miners who have recently raised cash to fund expansions? By having a good business relationship, being the most efficient miner - a showcase.

It’s all done, money in the bank, BTC hodled awaiting further appreciation (and as commented on warrant funds may be used to hodl more coins over the next few months).

More fortuitously zcash will make Jan figures look even more sparkling.

Every month until July the hash rate/margin should increase.

ARB trading at a premium to the other miners is only a few weeks away.

[nico115] 18/1/2021 20:01

I know you bought more at 92p today but do you think the fact that U.K. instis don't seemInterested in buyingUp here and US placees are dumping straight away mean we are overvalued ? It's not my thoughts but something to consider

[aidenabettin] 18/1/2021 19:42

HOW BITCOIN IS FOLLOWING THE 6 DS.DIGITIZED: Bitcoin is digitized money-it is a global, purely digital currency. Every bitcoin is traded, earned, sold, exchanged and bought in cyberspace. For this reason, it is living on Moore's law and hopping on the exponential curve..DECEPTIVE: Bitcoin software was released to the public in 2009 and for the first few years grew in its deceptive phase. Few heard about it, few used it and accepted it. But with countless crypto startups offering universal wallets and digitized assets in recent years, Bitcoin is more accessible than ever. Its deceptive phase is over..DISRUPTIVE: Bitcoin is now in the midst of its disruptive phase, where both its acceptance and value are exploding. The three largest cryptocurrency exchanges globally (Binance, Huobi, and Coinbase) have tens of millions of users and hundreds of billions of dollars in trading volume combined. See the chart below to better understand Bitcoin's progression and future exponential trajectory. .DEMATERIALIZING: Bitcoin is removing, or dematerializing, the use of physical money (bills and coins), and even credit cards. But more than that, it is also dematerializing (read: eliminating) the need for central banks, lawyers, and currency exchanges..DEMONETIZING: Bitcoin eliminates middlemen (banks, lawyers, exchanges) and demonetizes the cost of transactions. Lower fees. It makes it cheaper to use, spread, and share money..DEMOCRATIZING: Bitcoin makes access to capital available to everyone, where there are no banks, no ATMs and no credit card suppliers. Ultimately, as we move (over the next 3 years) to a world of 8 billion digitally connected humans, Bitcoin makes currency available to anyone with an internet connection.

[aidenabettin] 18/1/2021 19:37

[H]owever, none of this is likely enough to derail the popularity of cryptocurrencies. Every new technology suffers through growing pains on its way to being accepted by the mainstream. There's no reason to believe that cryptocurrencies will be any different..No way back

[nico115] 18/1/2021 19:35

I think we will have a weak morning and may trade down to 84/85pThen a rally back up to 90p with the Dow opening up

[aidenabettin] 18/1/2021 19:34

How much is the US about to spend on cybersecurity?.Seems like a very large amount if they are just going to stick with dollar and fiat system. hTTps://www.business.att.com/learn/tech-advice/the-cybersecurity-side-of-cryptocurrency.html#

[pwhite73] 18/1/2021 19:26

Biden nominees and advisors Dec 15, 2020,10:39am EST

A few Biden nominees and advisors have expressed opinions on bitcoin. They might be a reflection of his approach to decentralization and cryptocurrencies.

Perhaps the most important of these is Janet Yellen, Biden’s nominee to head the Treasury Department. She was the former chair of Economic Advisors during the Clinton Administration, and the chairwoman of the Federal Reserve System. She has said that “she will say outright that she is not a fan” of bitcoin, saying that many of the transactions that “do take place on bitcoin are illegal, illicit transactions.” She has speculated on the “very high” energy usage of bitcoin, as well as cybersecurity concerns around anonymous cryptocurrencies."

[aidenabettin] 18/1/2021 19:23

Where the dirty money is you will find the market mafia.Same old routine over and over again.Dont forget that the markets are run by our elite mafia based in london

[aidenabettin] 18/1/2021 19:21

Its a big operation and growing rapidly.That mkt cap will be $1B+ this year imo.Its unfolding in exactly the same manner as my other invests which i have mentioned enough but will also be $1B+ companies this year imo.Tax haven money is pouring into equities and the rich wont want to lose their wealth.Follow the dirty money

[crypto nugget] 18/1/2021 19:19

Rather than clog up the board with tiresome rubbish, if everybody filtered PWhite73 he would just simply melt away.

[pwhite73] 18/1/2021 19:11

Yes you did but you are now in the territory of balancing the market cap against the number of bitcoins they hold and how much they are likely to be holding at year end.

Market cap £313 million. How many coins do you currently hold?

[jackson83] 18/1/2021 19:01

we had a good run from 3p

[pwhite73] 18/1/2021 18:54

It was me who suggested it. I agree borrow at lowest ever interest rates or sell the damn coins to raise cash but why make the shareholders pay. Some were buying at 125p a week ago. Today they're on sale for 88p, tomorrow they'll be even cheaper. If ARB are so confident BTC is going up let them pay for their own capital expenditure out of bitcoin sales.

[letmepass] 18/1/2021 18:52

If they had sold coins at 40k could have bought then back in low 30s and have monies as well... Win a win

[trentendboy] 18/1/2021 18:36

Stupid whoever suggested they sell coins instead of placingBTC likely to go up min 20 percent a yearBorrow at very low interest rates to fund expansion and borrow against coinsUtterly stupid to sell coins that are such a good asset that is appreciating very quickly

[yump] 18/1/2021 18:23

Mattybuoy

I should have put a smiley after the post. Was just joining in with some of the silly stuff ;-)

[nico115] 18/1/2021 18:01

U.K. buyers today US sellers today Tomorrow I'm expecting US retail to buy off the US placees and the U.K. to keep adding Over 100p the US retail will continue to buy as the US placees continue to sell and the U.K. turn their 80s cheapies Next week a return to normal Hope this helps Best Nico

[mattybuoy] 18/1/2021 17:56

yump,

No. Bitcoin is controlled by the miners and the developers who have the Github keys to the source code. Both of these groups are to some extent fluid.

There have been numerous cases of power companies/local government shutting down miners in China but this made no significant difference to the ever ascending hash rate.