Argo Blockchain Share Discussion Threads

[qs99] 24/1/2021 07:33

The softening of Yellen stance is very interesting IMO....the sort of statement that does move the dial...maybe pressure from big finance has helped, & that softening will mean IMO the risks are lowered somewhat, allowing room for more to buy into crypto....let's see....DYOR

[jackson83] 24/1/2021 05:44

ORIGINAL IPO funding was 16p and then it hit 2p's ????? .. I see 50p soon

[suffersnofools] 24/1/2021 00:24

19p?

Makes perfect sense! Those new institutional buyers who just came in at 80p obviously forgot to read the Fool this week. I can see analysts getting fired Monday morning.

[1knocker] 23/1/2021 23:58

Bitcoin is an established crypto, others may prove as enduring.
I do not believe it is possible to value any of them. They have prices (i.e. the sum a seller will accept, and a buyer will pay, at a given moment), but not values.
Similarly, crypto companies like ARB and RIOT have prices but not values.
As an investor, my working assumption is that they are dross, so I aim to buy when a price rise becomes established and sell half my holding as soon as the price doubles. I then have a free ride on the remaining half of the holding. I bought RIOT at $12 and sold half at just over $24. Bitcoin/cryptos are volatile, so I can afford to wait/hope for about $40 to sell the rest. Unfortunately, ARB did not quite trigger my limit order to sell half at twice my purchase price. As an investor, I should sell the lot and get out at breakeven, and look around for the next opportunity. I have not much skin in ARB though (I feared I might be a bit late when I got in), so with current volatility it seems a reasonable risk/reward to hold, with a limit sell order at 90. But I shall be out sooner and lower if I spot a better risk/reward prospect elsewhere.
It seems to me that there a lot of gamblers and few investors on this board. Investors are happy to get rich slowly, putting a premium on avoiding losses, and exercise discipline. They understand that taking profits is the name of the game, and that you only make a profit when you sell; until then you merely have money at risk. Gamblers see only pots of gold at the end of rainbows; they generally become poor fast. I suggest the gamblers delay ordering their new yachts until they have sold.
Thank you, the few investors on this board. All your posts are enormously helpful in the inexact art of calculating risk/reward ratios; contrasting approaches and conclusions are all welcome. I wish I did not have to trawl through so much swill from those who believe that a stock like ARB which is as likely as not dross must be the next Tesla merely because they have bought it, in order to find the pearls amongst so many posts. Fortunately, one gets to know the handles to look for. You few clearly also know who you are, though the gamblers probably do not.

[brasso3] 23/1/2021 22:31

Microstrategy are hosting a Bitcoin summit on the 3rd February.

[aidenabettin] 23/1/2021 22:28

hTTps://cryptonews19.com/joe-bidens-treasury-secretary-nominee-asserts-bitcoins-potential/

[aidenabettin] 23/1/2021 22:27

Mrs. Janet Yellen has made a follow-up comment about cryptocurrencies since the previous one in her recent confirmation hearing. In what seems like a contrary statement, the Treasury secretary nominee is now asserting the potential of digital currencies

[cromw3ll] 23/1/2021 22:26

The new mining kit comes on line by end of Jan and more in June.

Theres huge upside and only play for those wanting to invest in crypto miner

[cromw3ll] 23/1/2021 22:25

Argo Blockchain plc (LON:ARB), the leading cryptocurrency miner based in the UK, has provided the following operational update for November.

This takes the total amount of BTC mined year-to-date to 2,369.


So how many in total?

I get 2369 x $30000 = $71,070,000

But they mine other crypto too

[investorgeek1] 23/1/2021 21:36

Thanks SNFFingers crossed - like you say

[suffersnofools] 23/1/2021 21:26

Nugget - Maybe I'm a chalet maid ;)

Investorgeek1 - No, nothing is open ;( - we were hoping for Feb half term but were told a few days ago that earliest is now likely to be March. Fingers crossed for Easter skiing. I'm near Chamonix.

MaddyMoo - Beautiful picture postcard part of the alps. I know Scheffau quite well. You can't beat Austria for the Apres and Jaeger!

[muscles11] 23/1/2021 21:14

Somebody tell Jackson the numpter to go and troll another board what an absolute dipstick

[investorgeek1] 23/1/2021 21:10

I totally agree Crypto

[crypto nugget] 23/1/2021 21:08

I also detect a hint of jealousy there also.

Good luck to the guy if he has a place in France, and a ski resort pad as well, and he's a millionaire.

He doesn't actually have to come on here and impart his knowledge to those of us who are way down the scale where understanding is.

For that, I'm truly grateful he does what he does.

Hopefully he will be around long enough for me to learn what I need to know about crypto and BTC in particular, and to make some money here.

I normally find that "knockers" have very little of note to offer.

[crypto nugget] 23/1/2021 21:07

Munin.

When you can offer this board the breadth and width of intelligent and very helpful posts that SNF does, then some of us might take you seriously.

The guy has been spot on all of the small time I've been here. Yes, a newbie by comparison, but willing to learn, and learning all the time.

So come back when you can nail it on like SNF does.