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Apologies for the bad grammar and spelling in my last post... it annoys the fxxk out of me... but thats OCD for you.
@Lottohopes - Thank you for your well crafted post at 2258hrs. Your comments about Argo mirror mine but you were able to get it down in a post whereas I could only flash the ideas through my mind! My portfolio is quite heavily weighted with this stock right now and that always makes me nervous. i now i should lighten and spread the load, to diversify a little more BUT i am loathe to sell any Argo right now as i seriously believe that we have only scratched the surface with this company's potential.
i don't like wishing my life away but i'd love to be able to see where Argo will be in 3/4 years. Have i got the patience and nerve to hold? I hope so... I hope we all have.
Good night all fellow Argonauts (and insomniacs)...
Crossover/but related - as a BlockChain company this is the sort of data validation/ warehousing/ crunching (etc) provision that Argo could/should look at diversifying into when the time is right.... If that leads to pharmaceutical markets - particularly in the USA; massive money (and I'm sure Argo could improve efficiency, value for money for the 'consumer' [ie patient], and maybe even a humanitarian spin-off)....
You should seriously consider putting together a proposal (secure Copyright / IP) and submit to a few choice developers.
CC
Very interesting CC. Apologies for cross over chat-but I have considered this idea for a mask (in RMS). A chip that gathers data apart from usual stock taking/supply chain, its use could easily help epidemiological research on mask use, prevalence of the virus etc. I think data and AI to sift through that data to give it meaning, is a big sector going forwards.
Friday night here is actually better than the pub was.. ..I've even got my own choice of music playing.
Maybe I've been hanging around with the wrong people (or the right people won't hang around with me!), but another great discussion.
@Lottohopes; much more eloquent and thorough than my scatter-brains can muster; bravo.
I know I keep on banging the same drum, but BTC/Crypto/Finance is just one aspect of BlockChain; Data as an asset is huge.
I've started accumulating a "cryptocurrency and smart contracts platform focused on supply chain management. It allows manufacturers to add sensors, such as RFID tags, to their products that can then record data onto the ... blockchain"
- seriously; supply chain. If Amazon etc picked this up....
But again, my real interest is Health Data / Research....
Mind-blowing possibilities..
CC
Agreed, also the announcement of the 25% investment in Pluto was a master stroke and one that has not yet been appreciated by the market (but in 6-9 months it will be). I managed even a small top up at 220 this week and in a few months time that price will look like an absolute steal.
Autonomy: very true. I hadn’t heard of this co till early Jan. The day I heard of it and read up, within hours, I loaded over £50k. It was that simple. A no brainer. And I have kept buying at various prices. I had already been buying small amounts monthly of bitcoin (via XBT BTC an ETF) since 2019. It never occurred to me that there were listed bitcoin miners. (Or i would be retired by now). Unfortunately the FCA decided to ban crypto related investing such as ETFs for retail investors from Jan 2021. HL decided to go one step better and banned it from Oct end 2020. My bank HSBC aced that: it blocked every transaction of mine (and my debit card!) when I tried buying bitcoin on coinbase. The concerted efforts being made by institutions to keep retail investors “out”of the story, to make it harder for us to participate, is incredible. Unfortunately the majority are missing the picture. Until you get Bitcoin, you don’t lol. Short term volatility is irrelevant. One needs to understand money supply, what is happening demographically and why there is a potential case for bitcoin. It may be one grand experiment, but I m thrilled to be an early participant, regardless of outcome.
If you believe in Bitcoin as I do, I the Argo entry price is almost inconsequential. I firmly believe Bitcoin will push a million USD in the next decade or two. So much so that I’ve decided to file my pension into Bitcoin, with HL. £2.65 in time will feel like a steal, would you buy apple stock for £2.65? Buying Argo now in my opinion is like being in a time machine. DYOR and so on, but I’m not concerned in the slightest, personally. I’m not a financial advisor and so on as everyone says with every post etc etc. All the best Argonauts we all deserve to do well.
Yeah, a few months ago it was, and those who invested have been rewarded. It’s now proved itself to be a really good forward thinking company. Most companies need to start at the bottom. How often has a company like this progressed as fast?
It was literally 2p less than a year ago but anyone who chose to look ahead 8-12 months and with a basic level of crypto understanding could see this was hugely undervalued for what it could become.
Was not this a penny share a few months ago I doubt that many of us even heard of this company a few months ago including myself
I wouldn’t say buying shares is a gamble if you do due diligence. If you go after penny shares, then maybe yes. If you do research, then you can tip the odds in your favour.
Try looking at other crypto related stocks. A huge number have absolutely roofed it over the last few weeks so the phenomenon is not ARB specific at all. The whole sector is being driven by the rise in cryptos and that is being driven in the rise in BTC. Look at the BTC stock to flow and consider the BTC halving, then factor in the increasing mainstream acceptance of BTC. Where do you see BTC going over the next few months? I know what I think which is why I am happy to be invested here.
Lotto that post belongs in the Louvre. Bravo.
Twenty years from now, we could be looking at ARB being one of the big four crypto “bank” type institutions. Imagine being a part of that innovation journey from early on-I find it mind blowing and for just that reason, being invested here (and in bitcoin) has been one of THE most exciting aspects of investing life for me. Thank you to the many knowledgeable posters here. Happy to be corrected on any thing I have misinterpreted/mistaken. Good luck all
I get what you’re saying, but I think the company was just massively undervalued at that time. Of course BTC could go down, but if you thought that you wouldn’t invest. Just like if you thought iPhones were rubbish, you wouldn’t invest in apple.
All share dealings are a gamble you win you loose just ask the poster who invested in Sirius and now he is trying to get his money back he may succeed but it depends on how much he is prepared to loose
See my earlier post Dow down 469 will this continue to next week its not just about the bitcoin price
You won’t like this, but we’re actually STILL undervalued too!!! Crazy isn’t it!?
The share price will rise as the weeks go by, even if bitcoin hovers at 40-45k. Indeed imho I see this at £10 by year end, even if bitcoin stays here. Argo is building a vertically integrated business, with partners in every link. EPIC for the world’s most formidable ASIC miners, custom built and optimised especially for us; Luxor who manages hash rates/links with derivatives in hash rate; Celsius Network on the finance side, leveraging bitcoin like fiat.
Our share price is currently a function of bitcoin price. This is creating a lot of nervous trading and insecure holders. Over time our HODL number of bitcoin will rise. I fully expect Argo to leverage this holding, be it earning interest (like HUT8 does with Genesis) or using it for Proof of Stake, or DeFi use. As our capacity to mine bitcoin keeps rising (as it has this week), it partly offsets the volatile bitcoin price. This is why we didn’t see the sub £2 today which some were expecting/hoping for.
Secondly our value driver currently is mostly bitcoin led. My expectation is for Zcash to start rising mid year, given it lags bitcoin by 2 cycles and 6 months (last halving November 2020). So going forwards this will be a greater contributor than it has, last twelve months.
Thirdly our 25% stake in Pluto digital assets is I imagine completely overlooked by market in terms of attributing value. Pluto has stakes in various projects including YOP and as these mature, as well as Pluto lists (expecting a circa 50m raise and listing in Q3 21), its value will come through to our valuation. DeFi is a key area for ARB and I imagine will drive value when the space grows over the next 1-2 years.
Fourthly, Luxor recently finished a $725k pre seed capital raise including ARB contributing. Its partners are Routemaster, Bitnomial etc. Luxor’s proprietary “Switch” technology is being used to optimise Equihash mining (Zcash) by ARB-we beta tested it through 2020 and it produced “outsized returns” as per Luxor. Now Luxor intends to foray into SHA256 ie bitcoin mining. Again it has ARB as partner who imho will beta test tech. (Might already be doing this). Going forwards, the unpredictability of hash rate, difficulty and rewards will mean hash rate management will become increasingly important. Luxor intends to list eventually, so again there will be a value driver directly feeding into our value.
What I like especially about this company is that the team is visionary. Peter has already spoken about the life cycle of our machines, about preparing for the next halving (which is May 2024!). Peter has also spoken about ARB being a block chain innovation company. So we can expect other projects that demonstrate breadth of value.
Peter genuinely believes in community and in building solid relationships. This is apparent in the comms from the company, the way investors feel about this company. It is also apparent in the manner in which deals are being made.
Let's start on 1st Jan when Arg was about 35p and Bitcoin was a little over 29,000,now Bitcoin is 45,500 so roughly an increase of 50% and Arg is up 700% have things changed so much in 2 months as to value the company this much
Look what happened to Gme all I am saying is be carefull
I would agree with that Longshot.
Other thing to consider is how well today went considering btc price at opening and all the trolls trying to drive the sp down. It didn’t work and there is a lot of good news yet to be fully understood with more to follow next week IMO.
I was underwater for a while myself and it soon went past my 85p initial entry and hasnt looked back.
In a month i suspect you will be the same. But as usual just imho, dyor and don’t listen to the trolls!
Atb
RC
To be fair, prior to the short expiry today BTC basically went $45 - 48K over 8 hours. Possibly people who knew were buying-in to see if it got pushed over 50K, and then accelerated up. As that didn't happen, perhaps people started taking what profit they could from the day?
I bought some more BTC around the lows over the past couple of days with that theory in mind, but I haven't sold/traded - I'm happy to HODL as weekends can be busy when the stock markets are closed. The fluctuations just are what they are, and I think I've got used to buying then seeing swings either way, but the momentum is definitely up, and I'm convinced it will remain that way for some time yet.
I'm fully expecting a 20% gain in BTC at some point over the next week, at which time I'll consider trading to other cryptos and/or taking some profit; I've basically got to a point where Argo is buy & hold, Cryptos are for fun trading....
I don't enjoy actual rollercoasters, but I'm really enjoying this.
I was de-risked in ARB, but have added since and taken my original 'hold' average from 11p up to £1 with my last buy today. I think I'm done buying, but the dips are very tempting..
Same as l_b - I'd suggest you might feel better by getting lost in the immense amount of information available about Crypto & BlockChain - in fact; zoom out to BlockChain and think about where we could be in 1, 2, 5, 10 years as a leading BlockChain specialist....
Regards,
CC
Thanks Unix. I'm beginning to learn if you want to make decent money out of any share to stop jumping in and out of things. Patience really is key. So I wont be going anywhere for a while...
You may feel like you're late to the party but in my opinion (DYOR :)it's just getting started. My partner bought in at 2.69 and is giving me grief as I bought in at 90p but I just keep telling her to wait and reap the rewards.
Autonomy, do you really think it is a gamble?