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Flowerpot,
I was just surprised you didnt point out to chaebol that comparing miners is waste of time to you, as you had previously stated. Instead you agreed with him.
When you originally said "it was a waste of a time" it was because argo on the week had out performed the other miners and you didnt like that i was pointing that out. This was only a few weeks ago. Just showing the nature of your hypocrisy.
You guys end up saying the same two things in every thread no matter what the topic is. Don't be surprised if you get repeatedly called out
baker boy the share price never hit 350p i guess its one of your nonsensical rocket science posts encapsulated in bs and lies.
Ive been one of the very few poster here since September thats been bang on with the price, its deluded that you keep going on about complete bs and your beliefs. Ive seen this play out exactly how i expected. Youre welcome LSE x;)
I had a massive long here that i made money on (nothing like I should ) and the only reason why I made money was that i bought a house feb 2021, if i didnt have that to buy id have held on like other souls, I was gutted i sold but super relieved now of course but guess what in February this was bullish as fook as all the miners were and somehow argo starts going down in an uoward trend for the whole sector what i SAW from February to September and whether its true correct or whatever the price hasnt lied TO ME i felt that the bod were lying and carrying out hocus pocus accounting methods and i opened the short!
152p all the way to 34p should have cashed loads at 28.89 but i get greedy too ! however like ive said before if this shareprice was 8 quid and im still posting 8-12p im a bit of a nutter right ? You rampers tell everyone its gonna be 2 3 5 quid when Texas opens and its 30 odd p i think youre nuts!
If i was long on this and got it right you guys would have made a statue of me x;) lol instead ive shorted it gave you my predictions got them bang on but im a keyunt! for it.
Its awesome and I gotta admit idiots like you baker boy confirm i still have a lot of short money to win here x;)
Definitely not rocket science that!
Thank you duke, you have a great day too
I think being here everyday and losing money is more stupid and a waste of peoples time than mine of being here everyday and making money investing at the time I think will be more beneficial to me
If you think I post crap , just block me & you won't be here continuously wasting your time asking me questions about when I buy & sell.
To quote flowerpot,
"RE: ArgoBull09 Jun 2022 20:36
Comparing falls is pretty pointless to me."
LOL
BC
You seem to struggle to have any basic understanding of what you keep posting.
( adding... its not rocket science or LOL to every one of your post, doesn't make them correct!)
It wasn't me that compared falls in the companies, I was agreeing what was said!
The main reason I dont care about comparing miners failings & falls because its irrelevant to me, as I ve already made my money when their SP was pumping, top slicing & trading out. And will continue to do so with this strategy
Bitcoin is one of the world's most volitile assets. Unless you got in many years ago, if you just hold it there will be times when any gains you've made will wiped out because of its volatility & cycles.
The exact thing is true of any miner you just hold (unsurprisingly i know) but even more magnified because of their constant need to keep expanding to stay still.
If you still think you strategy of just holding here is going to make you more money, stick at it & good luck to you.
But constantly attacking anyones post because they've not made the same mistakes as you have with your investment here just shows your bitterness
Also, no idea who the bizarre strawmen are with the £3.50 average you guys keep referencing
Chaebol, the only guy that bought the top was you, son.
It's ok to laugh at yourself. You're an idiot that bought the top and then humiliated himself for the next 16 months of his life. We all make mistakes, let it go, LOL
FP and for percentage losses CLSK is 'only' down 60 % last 6 months thats pretty good for crytpo miners at this moment in time
------
To quote flowerpot,
"RE: ArgoBull09 Jun 2022 20:36
Comparing falls is pretty pointless to me."
LOL
There is no bitcoin recovery only dead cat bounce..ppl have seen bit coin for what it is or rather what it isn't. The king is naked.
When bitcoin properly crashes its not going to be pretty here I don't get why you don't just buy bitcoin if you want exposure to it at least there isn't all the associated business costs etc.. and need to raise funds diluting the he'll out of shareholders
yeh I remember you winning at the time lol top slicing on any other miner or dca'ing down with Argo for 17 months. Its ridiculous that people here still argue the toss when its been nothing but abysmal in mining numbers and efficiency for ages. any sane person could see this 5hit surely! must be a load of hopium that keeps people here. That big bad bull run and not many actually profited from it if they kept the bags ! sad x;)
Just waiting for the next plunge in btc to really scare the natives x;)
Cos its coming x;)
Lol yes indeed
Not following clsk so much now but all that top slicing at the time like a nervous kitten , was nice an smart too ;)
FP and for percentage losses CLSK is 'only' down 60 % last 6 months thats pretty good for crytpo miners at this moment in time.
Looks like CLSK might have been doing some of that 'smart growth' for real, and not just talking about it.
"Chris Argo lost a lot of share value prior to April and the other miners demise thereafte"
Yes thats true chaebol
Clsk lost a lot before January but pumped back up from 5 up to 13 between Feb to april.
HC - Interesting analysis. I think one of the things making any interpretation of sp difficult though is that ARB is basically owned by PIs rather than institutions (even the largest shareholding BLOK is really PI money, and not even money investing specifically in ARB but in crypto generally with ARB being just a small % of that fund).
I doubt many PIs are equating falls in BTC too closely with profitability - but rather sp is being driven more by a looser sentiment (with BTC price still playing a big part in that sentiment). For ARB that sentiment may also, as you suggest, include the belief it will become one of the most efficient miners and if Texas delivers in the way it ought to then I am one of those - it is an 'if' though and Helios is clearly off to a rocky start.
In my view it does still need a recovery of BTC though as even if Helios is executed well I believe the all in costs are still likely to be at least $30k per BTC mined (it's hard to say as depends on many moving parts but it is a lot higher than this at moment if including interest and because ARB mining figures have deteriorated further since Q1).
All very intriguing and it will be particularly interesting to see if ARB's sp moves differently to other miners as Helios does progress and its relative benefits hopefully emerge.
Chris Argo lost a lot of share value prior to April and the other miners demise thereafter.
Argo was 85 percent off its highs prior to April so it just didnt have that much to take when all the other miners dipped imho.
Oh right ok
I wouldnt consider that either
Much more likely btc recovers before argo catches up
I didn't say that's what I considered, I am saying that interestingly the share price hasn't collapsed for whatever reason. When you think Argo was trading below 70p in January with BTC at $38k and argo making solid profits it's a surprise to me that the share price has only halved since with the significance of BTC dropping to $20k.
". The market is either expecting BTC to recover sooner rather than later or believes Argo will prove it's more efficient than its peers and will be able to outlast them in a war of attrition."
What time frame would you think is realistic for argo to be more efficient than its peers pls harchis?
It's interesting to compare the Argo share price with BTC. For the first quarter of 2022 BTC was downtrending but relatively stable, falling about $5k to $42k from $47k at the turn of the year whilst Argo was dropping steeply, from about 95p to 65p.
The first large drop in BTC around 5th May took BTC to $30k and Argo, having settled at around 65p fell sharply to the 45-50p range. By many calculations ~$30k was the all in breakeven price so it was understandable to see Argo fall as the market started to price in the downside risk.
The second large drop occurred around 12th June, this one far steeper than (almost) anyone had predicted with a low of ~$17600 before recovering to the $20-$21k trading range. Surprisingly Argo has held up much better than expected seeing as the BTC price is without doubt well below the all in costs for Argo and possibly even below the breakeven price with Helios phase 1 kitted out.
So all in all the move down from $30k BTC to $20k BTC has left Argo trading from around 48p to 35p, a drop of just 30% despite moving into deeply unprofitable territory. The market is either expecting BTC to recover sooner rather than later or believes Argo will prove it's more efficient than its peers and will be able to outlast them in a war of attrition.