Argo Blockchain Share Discussion Threads

[yump] 24/1/2021 10:50

Well I prefer dross thats forecast to multiply its profits than loss making startup dross.

[nico115] 24/1/2021 10:49

So Argo 110p or 50p first ?

[1knocker] 24/1/2021 10:41

gspanner, you miss the point entirely. ARB (at present} has yet to show a sustained track record, still less a calculable rate of return over the long term. Its new, in a new and fast moving field, so that is just an inevitable fact, not a critiscim of ARB or its management. So for theme being, the only safe working INVESTMENT assumption is that it is dross. But there is money to be made trading volatile stocks (dross or not) as momentum plays. If it shows a clear rising price trend, that is when to buy as a momentum trading play. For such a play it does not matter that there is not the material available to enable me to calculate its intrinsic value, or even to form a confident view as to whether it has any intrinsic value. indeed, the more hope and FOMO, and the less hard valuation evidence there is one way or the other, the faster it will rise and the more important it is to quit before sentiment turns again. All that will be entirely clear to an investor, and completely lost on a gambler. Investors may differ as to the best stocks to play and as to best risk/reward entry and exit prices, but they all understand that the name of the game is BANKING profits, and minimising the amount of the investment stakes risked.
That is enough from me on this one. Anyone who has not got the point by now never will.

[yump] 24/1/2021 10:39

Well I did post a minimum valuation of 80p based on this year, for ARB before the placing, but so far nobody has contacted me about dodgy dealing ;-)

Mind you I didn’t ditch all my shares at 120p so should be ok.

[nico115] 24/1/2021 10:28

Exactly ,i got the prediction right in 2016 and was followed in 2017 never to have got another prediction right : )My year end btc target is 65k Haha no chance of being anywhere close : )

[suffersnofools] 24/1/2021 10:20

ETH continuing to outperform BTC as predicted.

32800 continues to be a key level for BTC.

[suffersnofools] 24/1/2021 10:19

Maddymoo - that's where the kids learnt to ski - very family friendly. We've done summer skiing at the Glacier near Finkenberg as well. Stunning. Good luck building your chalet fund.

[yump] 24/1/2021 10:17

So getting it right once, without knowing how many times someone got it wrong, means what exactly ?

[7rademark] 24/1/2021 10:12

There's a bitcoin analyst on one of the podcasts who correctly predicted btcs 2020 price, I won't name him, stating that if bitcoin goes above 40k we will see trades quickly at 42k and the next printed at 44k etc. 2021 forecast 220k

[aidenabettin] 24/1/2021 10:11

Didnt sound like the 'Book' had too many pages.We will find out if we get an M&A announcement .This is the year of M&A.Bidstack followed by Brandshield followed by Argo.#M&A

[aidenabettin] 24/1/2021 10:08

The Private Placement is limited to those certain institutional investors that have already subscribed.Institutional investors buying less than 3%.Even a small investment by present major shareholders would require a TR-1.No TR-1's= Broker acting as custodian

[nico115] 24/1/2021 10:07

Love it !!Will be just you and me soon Aiden ! How can you tell which posters have multiple accounts ? Not for me as I say what I feel with no particular ramp or deramps

[aidenabettin] 24/1/2021 10:03

But also a multi account holder .Filtered

[coscos] 24/1/2021 10:01

Think you'll find that BTC is a hedge against the pathetic monetary policy of Western governments that seem intent on destroying their own currencies and making their people poorer.On that basis, crypto has a long way to go. I'm a convert and a buyer.

[nico115] 24/1/2021 09:55

My mate Raoul thinks btc will drop to 20k soon ,I'm not too sure but forget the very short term ...we like btc

[nico115] 24/1/2021 09:54

Institutional buyers ?My opinion is they all flipped or are flipping Will be no TR1And so what If btc falls to 20k will be irrelevant instis bought in !! We will fall to 40pNot sure the fact we had a placing will cushion any fall cos of a btc price fallJust means we will rise faster with a btc rise Lucky I'm bullish btc on a 6 month view !!

[maddymoo] 24/1/2021 09:48

Snf that's where I'm looking to purchase the wilder Kaiser area. We just love the tyrolian's friendly nature and of course the jager!
................
I see there is a gap at 23k do you think BTC will fall back to fill it?

[gspanner] 24/1/2021 09:42

‘dross... until the contrary is demonstrated’

so for you that is a higher share price (at which you buy in), rather than the intelligent management decisions driving this forward, demonstrating measurable metrics which continue to improve and are better than industry peers.

Of course if btc falls then so will this (and all the other miners you mention).

[crypto nugget] 24/1/2021 09:42

Good morning to all.

1knockcer - a very good point made there, but I suspect that ARB possibly has one of the highest margin rates in mining at the moment, if the 70% quoted by PW recently holds firm.

I haven't looked at any comparisons so maybe someone here would know off the top of their head what the figures are re other miners.

I too agree re crypto, it is being more and more accepted as the days and weeks go on, and I see BTC eventually going through the $100,000 level and further.

To that end I have ARB down as a long tern hold until that figure is at least reached, then I will more likely sell, or top slice enough to run for free.

The flip side of the coin (no pun intended) for me is that ARB could be quickly taken out by a bigger player in the fullness of time.

Either scenario would have the ARB price much higher than the current 75p.

GL & DYOR.

[1knocker] 24/1/2021 09:35

Yes I agree crypto is here to stay, but too early to say whether ARB is as well. It may be dross, so safer to work on the assumption that it is until the contrary is demonstrated. I am a trader in the high risk/volatility section of my portfolio, rotating a small stake. The profits from that stake move to the long hold dividend paying section of the portfolio. That imposes discipline - lose the stake and I am out of the game, so I take great care with the stake! I would not double down on a shot in the dark like ARB, I would wait until it shows a clear sustained uptrend before buying from here. Maybe it will, or maybe it it will go to nothing. I can't be confident that it will prosper in the crypto mining business, especially as the mining hardware is expensive and becomes obsolete very quickly, though its low energy cost does give hope that the management know what they are doing.
For those tempted by RIOT, do note that the company has been in 4 different businesses (under different company names) in 5 years. Has it hit the jackpot and will stay and thrive in the crypto business? Maybe, but it is safer to assume otherwise until the contrary is proved. Never fall in love with a stock, especially in the small cap, high volatility, high hype field.

[parsons4] 24/1/2021 09:16

Cromw311 a good post I agree, a lot of us have made a lot of money here. But going forward I am happy to sit with a far reduced investment to reap the long term rewards of BTC.

[cromw3ll] 24/1/2021 09:02

Knocked, understand your approach but what has been a very good strategy when I have bought high is to average down, I did this Tremor TRMR and I top sliced recently to free up funds to put here. I believe in bitcoin and crypto story, we are moving into more digital world.

I'd also add never invest in a share unless you are 100% committed, this then helps in ignoring the idiots when the inevitably turn up like spoilt kids wanting to buy cheaper.

Crypto is here to stay. I think ARB is a great play on crypto currencies, it focus on purely mining and ramping up on this makes this a compelling investment that I will hold for years.

Plenty bought Apple and sold early, I think we have a similar type of investment here long term.

[suffersnofools] 24/1/2021 08:58

LaGarde got pulled up on her comments as well. Now the big boys are holding they aren't going to let the central banks spout the same BS without being held to account. HtTps://news.bitcoin.com/economist-ecb-chief-lagarde-bitcoin-remarks-dangerous-cryptocurrency-regulation/

[gspanner] 24/1/2021 07:54

1knocker -

but by just talking about the share price rather than the investment case you demonstrate you are just a trader/gambler?

Albeit one who cut their losses and runs the winners for a short time only.