Member Info for Billfunk1

There's almost no resistance here now. Bitty is flying.

Looks good. This way the market won't have to make complex depreciation calculations. Each month's revenue will have had the depreciation already effectively deducted. Should make it easier for London dinosaurs to buy in here.

You're missing Moore's law and London's great fear of depreciating computers.

I'll say it again. There won't be a rerate here until one of three things happen:
1. Book an actual profit HY/FY - a few years away
2. Bitcoin moons towards 100k - one year away
3. Dual listing in US - who knows.

So it's likely going to be a year. It's an easy buy and hold because the bitcoin price should rise steadily during the whole year.

Yes?

Breakout or fakeout?

Upper zone 13850-14000. Breakout above 14k. Next target 15k.

Proud and erect.

Not seen action like this on a Saturday for a while. New 12 month highs and we're almost in the very soft 14-20k zone.

Looks to me like bitty is finally trying to decouple from the stock markets. Bad for our shares currently as capital is being withdrawn but good in the long run when investors realise bitty is a contrarian hedge.

Come on the Yanks. God bless America. Etc etc.

Poptimist - Given the tiny MCAP and the fact the SP has been depressed for so long I'm guessing this isn't just a case of MMs keeping it down. There is simply so little interest in it whilst it festers in London.

A few months back we had an American investor on this board - Verona(?) I think - they had looked at Argo and decided it was a better bet than Riot or Mara or the Canadians. After about two days they started asking what was wrong with this share? Why was it not moving? What were they missing? Because Verona was used to dealing in highly liquid and volatile US stock. They couldn't understand why inferior Riot would go up 30% in a day (then 20% down the next) whilst Argo would barely move.

But that's the answer here. London is a sh.ithouse market where not much moves. At £20m MCAP it would take almost nothing to rocket this. Unfortunately that's what we get from London - almost nothing. It's a ghost town. A cemetery. If there was genuine and broad interest then the MMs wouldn't be able to hold this back for so long.

Maiden dividend would be an awful thing to do, IMHO.

We should be leveraging Fiat as much as possible to convert into crypto. Converting crypto back into Fiat is insane and also kills growth. If a dividend is all that is preventing an Argo rerate then that just goes to show what an awful market London is.

I'll say again this SP isn't going to rerate until one of three things happen:
1. BTC drives towards $100k
2. Dual listing in US
3. Argo book a nice profit HY/FY
Until then we are not going anywhere fast. Relax. Buy and hold and wait at least one year.

Moore's Law (a Bastardised version of it) = depreciation = no profit for cryptominers.

That's what London currently thinks.

You're missing Moore's Law and the risk averse and technophobic nature of the London market.

“Bring them here to me,” he said. And he directed the people to sit down on the grass. Taking the five bitcorn and the two ethermilk and looking up to heaven, he gave thanks and broke the bitcorn. Then he gave them to the disciples, and the disciples gave them to the people. They all ate and were satisfied, and the disciples picked up twelve basketfuls of satoshis that were left over. The number of those who ate was about five billion men, besides women and children

Argo - great
London - sh.ite

It's not more highly valued because it's in the wrong market. If it was in the US it would be worth 5 times as much.

Looks like the Yanks are buying. Floor at 13000.

Good boy bitty, a nice bounce off 13000. Now the grind back up to 13850 by Monday please.