Argo Blockchain Share Discussion Threads

[lithological heterogeneities] 18/10/2019 13:11

A great investment imho for the medium/longterm.

If you cant hold a stock for more than a week then this is not for you.

[lithological heterogeneities] 18/10/2019 13:10

German Bank expects BTC to hit $90,000 after May 2020


02 OCT 2019
$90,000 AFTER MAY 2019


A state-backed German bank has predicted that Bitcoin will hit a price of $90,000 after May 2020, in anticipation of the halvening of new supply which will reduce the number of new bitcoins mined at a time from 12.5 to 6.25, will digitally expedite the process of inducing scarcity - the quality that made gold valuable over the course of many millennia.

[stoneme] 18/10/2019 12:11

I have continued to try. . It is not a straight forward process, and my forecasts as to the impact on ARB would not be well received here. Currently out. But would again buy for a punt at the right price . . . Which on my model is now sub 6p.

[hootza616] 18/10/2019 09:56

Thanks New Guy!I now have far too much skin in the game here but I am very confident given the continued regular updates from ARB.Compared to my other investments this is by far the most transparent.As you say the BTC price is key but it is still way way above the break even point so profits are guaranteed.Also as ARB are the most efficient then they will be the last to stop mining if the price falls lower, meaning there will be more opportunity for them to mine successfully.They have said many times that they will be the biggest listed miner of BTC next year and I don't doubt that one bit so happy to hold and wait.We are far too cheap when compared to our less efficient and non-profitable peers.

[gtaval1] 18/10/2019 08:18

Just BTC drifting lower and following that.

[riddlerone] 17/10/2019 18:21

Bloody AI they get everywhere

[horneblower] 17/10/2019 17:46

Insufficient data.

[riddlerone] 17/10/2019 17:00

You might want to do some calculations on the Hash Rate past and present,the BTC price past and present,the revenue for June/July compared to the quarter results and then make your OWN decisions and not trust anyone here as we all have our own agendas.I have asked if anyone has done any of these calculations but nobody seems to want to share their answers.

[supercity] 17/10/2019 16:19

It's not about who to trust, it's about being mature enough to look at things from many different angles without resorting to name calling and respecting the fact that we are all entitled to our thoughts or opinions.There were many on here who said 8p on this share and 8,000 on bitcoin would never be seen again only a few weeks ago and here we are and you don't see many I told you so posts.Then again it's never too hard to see who is part of the ninety percent.

[cryptique] 17/10/2019 16:02

I realize this is the ARB board, just interested, do any of you follow other blockchain related stocks in the UK? If so which ones?

[adejuk] 17/10/2019 15:56

woof, woof

[1new guy] 17/10/2019 15:33

Who to follow and or trust? Hooz or supermoron? Well if I go with today, it's a no brainer. Hooz by a mile. Now if I go back to the 3.8p days, who then? Well giving my excellent returns since then, it's still Hooz! Fortune favours the brave. Over time.

[lithological heterogeneities] 17/10/2019 12:39

Hootza616
You just need to hold on until the real BTC action is expected to begin after May 2020


02 OCT 2019
$90,000 AFTER MAY 2019


A state-backed German bank has predicted that Bitcoin will hit a price of $90,000 after May 2020, in anticipation of the halvening of new supply which will reduce the number of new bitcoins mined at a time from 12.5 to 6.25, will digitally expedite the process of inducing scarcity - the quality that made gold valuable over the course of many millennia.

[horneblower] 17/10/2019 10:50

I'm expecting btc to get to 20k again but not until it first goes to 6k or lower.

The Winklevoss twins will pump it back to 20k and then sell out as fast as they can before their nemesis Zuckerberg out-thinks them again.

[supercity] 17/10/2019 09:50

More people distrust bitcoin than believe in it.Mining is becoming saturated, rewards will soon be halved, bitcoin price continues to fall with extreme volatility.Current rates based on 10k a coin look good but what about lower rates of bitcoin and when it costs twice as much to mine May with even more saturation in the mining.Markets always look ahead and maybe the funds are selling as they see a short lived spike here followed by a slow decline.Just another perspective with out rose tinted glasses and neither short on these or a great believer in the bitcoin story.I bet if you asked 50 people what they know about bitcoin a large chunk would say they know nothing about it, a load would think it's all a big con and a small number would say it's the future and until that changes anything associated with bitcoin will tend to struggle.The spike up to 20,000 and the constant advertising of trading it will have lost a lot of people a lot of money and it's very hard to get that trust back again

[hootza616] 17/10/2019 08:42

I fail to understand the fall. These were down at these levels before they announced a profit and BTC was at $6k!What do people need to hear?They confirmed selling of mined BTC which was what people wanted to hear, now posters are suggesting they should hold onto them?Big profits coming for sure.Loading up!

[roddyb] 16/10/2019 17:11

I guess so, the amount of bitcoins to be mined will fall. ARB doesn't hold on to them, so if they double or do as topaz is ramping - quadruple, then ARB don't hold any . The only upside is that the coins might be more valuable when found - not sure that means ARB will the same revenues?

[pecuniarum copia] 16/10/2019 15:41

When Will All 21 Million Bitcoins be Mined?

All 21 million bitcoins (BTC) will be mined by 2140. But more than 98% will be mined by 2030.

[john henry] 16/10/2019 15:02

Sellers ripping it apart.

[blackrolie00] 16/10/2019 14:41

Yeah definitely

[jackjackpaul] 16/10/2019 13:37

chart pointing to 5-6p levels

[riddlerone] 16/10/2019 12:53

Quite interesting that even though the BTC level has stabilized the Hash rate has not declined.Has anyone done any revenue/profit models based on the current situation plus the additional machines.

[aidenabettin] 16/10/2019 12:23

You and me wont be here to see it

[stoneme] 16/10/2019 12:10

How does that help a BTC miner? They declared they now convert to cash. So their valuation is their yield from mining.The harder mining becomes, the lower the ROI for them.If I misunderstand, happy to be corrected. Still think 6p it is worth another trade.