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Yada yada yada.
I could I would but I won’t.
Show me an example of.me celebrating the misfortune of others losing money ?
I forewarned you all ?
I'm an interested party with a very small long currently and waiting to potentially go six figures on Argo if the setup is right.
I'm not on anyone's side but the way you celebrate the misfortune of many on here is egregious and the way you boast about making money is also a bit gross so it would be quite fun to see you time this magnificently wrong this time, that's all!
17 May 2022 22:06
Harchris….
Lol busy day today lots of orders made. Very very happy x could have done without putins upturn on Finland Sweden but oh well. My claws are in the trough x;)
saw this Pearl
Ps wouldn’t it be funny if it turns out Chaebol shorted the bottom?
Harchris I’m not sure what you are to be fair, a robo bot ? one minute positive, one minute negative. Have you bought haven’t you bought, cautious/ aggressive, 0ne minute agreeing with rampers de rampers next arguing with them, it’s all a bit odd!
Just remember sweet cheeks shorts aren’t lost or won in one session of trading and more importantly have been doing this since 152p
I’d have to find some bottom ! For you to have that warm glow that I’m losing money.
Seamen stnz goo I’m reckoning short buys on Nasdaq today 85 % x;) can you confirm plz x;)
A blow off top? Really ? Mental, so on the precipice of a crash or on the receive of taking off ?
The crash looks far likely but hey wtfdik
Harchris I’m sure you’re not as stupid as you’re making out here, I said Monday night short started again I’ll be topping up with any rises, yday I accumulated a lot of shorts in arbk and arb any prices above 53/54p or 650 cents on arbk I’ll accumulate more hopefully.I’m on a healthy number now but I’ll scoop those bargains up.
Or it just continues to sink and the healthy number becomes healthier.
This is going to pennies imho
Honestly it could go either way just now, but it has held well in spite of a lot thrown at it.
The crash scenario for me would be the BBC headlines type one (credit crunch, dot com level), and this is very possible. Equally it could go mad again for a blow off top. I can't call it.
Might cash, might crash* haha
Mainly sitting in cash myself waiting for BTC to crash but this reaction so far is a very positive signal for bitcoin and crypto...
Didn't you open your short at $5.91? Nasdaq almost 5% down yet arbk still holding up at $6.31... Bitcoin might cash but so far looking inauspicious for you.
My target is not 3, it is 8-12. But dependent on BTC bull run over 100k.
I'm not saying your target won't get hit, it might if the market crashes.
Are you gonna do some mad deluded maths/Algo to show me that 50 p is further away from 37p than 3 quid ;)
Still waiting on your 37p target that hasn't happened yet. Bitcoin very low 20's might see it.
Sure,eating wrapped up in opaque Argo rns’s leaves folk not seeing the wood from the trees.
You asked target prices, I answered. You ridicule my target, I ridicule your target, somehow my target always gets closer.
3 quid again argobull lol that’s a dream now ! Just like the rainbow chasers buying unicorns for 7k, it’s like candies from kids it really is.
Thanks baby x;)
I can't keep up to be honest.
I'll assume you're still targeting your 37p then. However really you're just short the market, let's not pretend it has anything to do with Argo.
I’ll start top slicing low 40’s high 30’s to offset risk.
But thought I was clear?
ARB 8-12P
CHAE GLA
Lol chaebol, you might want to finish the race before you start celebrating. What's your short target?
Nice one caneToad
Well played!
Yes indeed harchris.
Makes me think how hilarious it all is that I’ve caught another timed beauty……..anyway, onwards and downwards
Oi oi, boing boing, yeehawwwww
Certainly not the easiest time to be an investor in any company.
I'm continuing to watch from the sideline.
Thank God I had the sense to get out of big positions many months ago; all final trades being closed at a loss, but well up overall as a result.
I hope others have sell rules to protect their capital and haven't been averaging down into the abyss. It took Nasdaq 15y to recover from the dot com crash and all crypto is behaving like the most speculative stocks of that time.
Good luck. I hope it recovers soon for everybody here!
My word the nasdaq is really imploding today - considering, BTC has held pretty firm up until now it's got to be said.
The other thing to note is if ARB is mining 600 per month, as in your scenario, then the costs per BTC I gave earlier will be much lower as:
- Lower electricity costs
- Immersion will greatly help efficiency as should the machine swap and simply having a 'younger' average age of machines
- Many 'Fixed' costs will still grow but not as fast as the number of coins mined (even the machine costs won't rise in line with production as the Intel machines are apparently much cheaper)
- If other miners are shutting down the reduction in difficulty will further help the numbers
So the all-in cost today maybe over $30k per BTC and the cash cost over $20k per BTC but these numbers will come down, it's just not clear how much. They should certainly have more headroom than they do today and my main concern was whether they had enough cash to complete phase I and so achieve those numbers (but as I said even if it's tight they have options to deal with it).
Argo is better positioned than most, at the least.
"But if you're worried about every miner at that price doesn't that realistically suggest that much of the planned mining expansion won't be able to take place & many machines will be turned off, leading to a decrease in difficulty rather than an increase?"
Yes. Which is I think what I said in an earlier post which seems so long ago now. In essence what I think I said was that the quicker other miners close the more will ultimately 'survive' and I don't see ARB being one of the first in trouble. So maybe I could have phrased it better: All miners will be in trouble but the better ones will pull through (assuming BTC does recover).
But if you're worried about every miner at that price doesn't that realistically suggest that much of the planned mining expansion won't be able to take place & many machines will be turned off, leading to a decrease in difficulty rather than an increase? I'm even less evangelical than you about BTC but I'm confident it has at the very least one more bull cycle (beyond that no idea whether it hits $250k or something supersedes it) which given the perfect storm of factors again like early 2021 could see Argo multibag...
For a while I've been imagining a scenario that involves a crypto winter til about mid 2023 where difficulty has pulled back a little and Argo is mining ~600 coins a month, however seeing a lot of your workings out recently I'm obviously acutely aware now that even if it did play out that way Argo would likely need to sell a large proportion of that to cover their costs...
Personally I'd be worried about every miner if BTC fell towards $20k but I think ARB would be in much better shape to cope than most. I'm not nearly as evangelical as some here about BTC but, unless I really believed BTC would never recover (or would take ages to do so), if ARB dropped into the 30s then I would probably put a bit more in even though its already taking up more of my portfolio than I'd ideally like and my current paper loss is not pretty. I've have traded quite a few times to reduce the losses and will try to continue to do so.
My worry though is less about the hissy fits of BTC than the whole model of mining and the continued growth of difficulty that demands more and more capital to keep up - especially if BTC is not keeping up with difficulty. I think it still works though (for the better miners) but the moment I no longer do will be when I start thinking about an exit strategy (assuming I don't hit my price targets in the meantime). A bit rambling but hope that made sense - and of course just my view - nobody knows.
That's an exaggeration to be honest, I don't think BTC will go quite that low and I think Argo's upside potential will keep it from dropping that far also but I just wondered hypothetically speaking in that sort of scenario whether you'd start worrying about the threats to argo rather than the asymmetric upside potential? Have you got a plan for that sort of eventuality as that's what my dry powder is sitting there for...