Argo Blockchain Share Discussion Threads

[stoneme] 27/9/2019 12:22

Miton sold many other shares down. What price did they enter? I think sub 4p. From my analysis of them they are never long term holders. Help companies raise cash and quick exit once they have made a quick buck.

[stoneme] 27/9/2019 12:19

Been trying to rebuy at 7.5p, being 20% benefit from my earlier selling. If these goes below 6p without news, I would be astonished. .My earlier strategy was buying below 7p. Always intended trading anything above 10p. Got greedy, held too long. For me there remains 2 scenarios for ARB. Their mining continues to increase in line with the new machines, or they are generating a lower return due to mining difficulty increasing. If it's the latter, and dependant upon both the scale of the challenge and the BTC price, this could be a share to walk away from. If it's the former, we are heading way beyond double figured share price and not looking back. Who knows the sure? Potential range for share price could be 5p or 50p in short time. Some may ask, why 50p?Assuming BTC recovers, stabilises back at $10k, which is what most analysts believe mid term (less than 3 months), and ARB are mining 3 / 4 times the BTC from their June / July updates, that's 500+ BTCs, or £3m + per month Profit.

[zed2002] 27/9/2019 12:01

horneblower have you not been looking at recent holding RNS?

Hadron and Miton reducing their holdings. To say 2 x 1m trade was Pi's is nonesense

[horneblower] 27/9/2019 11:40

These aren't funds that are selling down; the trades and the daily volume are too small. It's PI's.

No-one knows how far this will fall but the charts suggest to me that BTC is likely to go to around 6,000 after jiggling about a bit. It is almost bound to bounce strongly from there as that is close to its rising support line.

Where that places ARB rather depends on whether they have been hoarding their mined coins or have turned them into dollars.

If they've been hoarding them then ARB is likely to go to between 5 and 6p.
If not then it probably won't go below 7p imo.

[zed2002] 27/9/2019 10:56

Stoneme, im looking forward to October RNS but i guess it all depends on the content of what they will be saying. There are alot of doubters out there who really dont understand how this works which is fair enough. What i want to see is how many btc mined with how many machines and how many machines been installed. Im expecting higher BTC minted with extra 1000 machines online.

You made a right call taking out 75% at 9p whilst the funds are selling down as it provides you with better opportunity to buy back in low with more shares. Good Call.

[stoneme] 27/9/2019 10:51

Where is the bottom? At $8 per BTC, 25% lower than earlier announcements, assuming their mining rate had increased in line with new machines, we should still see BTC value mined per month at c. 2m per month, or 24m annually. At $10 per BTC, assuming 300-500 BTC mined per month, we are mining 1.5 times the market cap. Crazy. That October update cannot come soon enough. If they are not mining at a higher rate proportionate the the new machines, the bears on this thread have it. Opinions? NB: I took 75% of my holding out at 9p. Looking to add back once BTC calms and / or ARB clarify.

[aidenabettin] 27/9/2019 10:21

100% agree. This is and has been an accumulation period and will be for the next year even though BTC will easily pass $25k before halving imo

[ragnarr] 27/9/2019 09:20

Bitcoin (BTC) is a buy and it has never been the right time to sell it, serial investment manager Mark Yusko has told mainstream media viewers.Yusko on Bitcoin: All indicators risingSpeaking to CNBC in an interview on Sept. 27, the founder, CEO & chief investment officer of Morgan Creek Capital Management compared Bitcoin's ten-year history to Amazon. He was responding to concerns from regular cryptocurrency host Melissa Lee over the Bitcoin price, which fell below $8,000 on Thursday.For Yusko, while the price of Bitcoin can go up and down, year-on-year growth gives a solid reason to buy and not sell it. "All the indicators of the network and the network value are rising; the price of any asset fluctuates," he explained. Examples included network hash rate, transaction volume and wallet numbers, all of which have continued their upward trajectory this year. Betting on a bullish returnYusko thus concluded that selling Bitcoin would be like selling shares in Amazon - so far, there has not been an advantageous point to do so. "In every year, including this year, it's had a double-digit drawdown. The average peak-to-trough: 31%, twice 90%. When was the right time to sell? Never," he said.Earlier this month, Fundstrat Global Advisors co-founder Tom Lee predicted Bitcoin would rally once the S&P 500 put in new highs.

[roger207] 27/9/2019 08:43

Do you believe a big spender company that can't generate cash?

[horneblower] 27/9/2019 08:24

Bitcoin is just like everything else. It goes up and down with sentiment.
There's no-one more deluded than a true believer.

[topazfrenzy] 26/9/2019 22:48

If you miss the first x2 your x100 will be halved to x50, or for most (who enter later) will go down to x10 or x5 or x2 or whatever, in horneblower's case probably a loss

as simple as that ... BUY the alts now and keep adding if they go down further

Fortune rewards the brave, not the terrified followers

[zed2002] 26/9/2019 22:48

Hootza616: just looking for excuse not to buy or have a reason to sell.

[topazfrenzy] 26/9/2019 22:44

to repeat: buy the best alts NOW

[topazfrenzy] 26/9/2019 22:44

horneblower, you are totes ridic, someone who ain't got a clue about crypto, a bore of the highest order

[hootza616] 26/9/2019 22:42

I have seen more RNS from ARB than all my other holdings put together! Multiple reports on progress every month! Why are people suggesting they have stopped updating or are not transparent enough?

[horneblower] 26/9/2019 22:06

Chartists need not read this post because they already know.

Current btc chart pattern suggests congestion between 7,600 and 8,600 followed by fall to 5,000-6,000 area then bounce.

[horneblower] 26/9/2019 21:58

...or...keep selling.

One or the other ☺

[topazfrenzy] 26/9/2019 21:43

x100 for alts is coming

[topazfrenzy] 26/9/2019 21:42

Buy the best alts now, that's where the money is next, buy buy buy, keep buying :)

[aidenabettin] 26/9/2019 21:14

As i said much earlier.Buy BTC not ARB.Im only here to talk some crypto

[ssrover] 26/9/2019 21:12

opened a short here today..

i cannot trust the company... not transparent enough

[timw3] 26/9/2019 21:11

all kicking off on twitter.. loads of people throwing in the towel here now.. Looks like a scam



Al 🏴󠁧󠁢󠁷[7612;󠁳⏘31;
@al_cardiff1
·
Sep 24
Replying to
@Hulktrades1
I was in #ARB, but I did some checking on there hardware, #ARBs output for june &july is roughly 50% higher than S17 machines are capable of.
Also I dont get why company starts reporting monthly then Suddenly stops

[aidenabettin] 26/9/2019 21:04

Iran ,China and Russia to follow soon

[aidenabettin] 26/9/2019 21:02

How did ARB survive @$3k.Life goes on and crypto is here to stay.Venezuela to usr BTC and ETH for reserves.Trade sanctions= Adoption of Crypto.Simple

[horneblower] 26/9/2019 20:16

Bitcoin seems to be subject to the same old charting rules as everything else.
What a complete surprise.
☻