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Are you expecting a (large ?) profit? If they are hodling all the BTC that they mine, what is the other income stream?
Telegram
https://t.me/argoblockchainargonauts
Peter Brandt is good value. He’s not a gung ho BTC advocate and gives a balanced view of various investment/economic points.
Stats came out in to the public domain during the GameStop questioning of their CEO.
https://techcrunch.com/2021/02/19/a-fraction-of-robinhoods-users-are-driving-its-runaway-growth/
https://www.businessofapps.com/data/robinhood-statistics/
Robinhood have 13 million users alone in the US. If only a small percentage of those users jump on ARBKF then happy days.
I think his share price forecast is also based on BTC being at $200k. A way to go yet, but definitely achievable in current progress so far. But no one really knows do they.
Not necessarily true. One of the reasons that other
Miners have a higher share price/MCAP is due to the amount of BTC on their balance sheets (something which is often overlooked). We should be mining north of 150 next month, and even more as the months pass by. In 9 months time we should have circa 2000 BTC, which makes a massive difference.
Obviously higher BTC price does means more profit.
Agreed, BTC (proof of work) is totally different to the Web3.0/DeFi space, but the share will definitely be impacted by BTC price (both up and down).
You point about the company not being able to be valued is probably correct. It is bleeding edge technology. Not all will succeed but those that do will be massive.
BOTAK - I think you and I must be on the same page when it comes to KR1.
The more i dig into how KR1 operate and incubate these new coins the more I like them. Each RNS is like a winning lottery ticket.
Some good reading....
https://wexboy.wordpress.com/2020/11/21/kr1-plc-the-crypto-alpha-bet/
https://twitter.com/capitalemployed/status/1370176393292615680?s=21
https://twitter.com/lolmcshizz/status/1369978943714033666?s=21
There plenty more out there. DYOR
I see this playing out over the long term to be a major technological shift. Even buying in today, people are far from late to the party. Just look at the volumes on this share, they are tiny. I intend to keep on adding to my portfolio, especially in the new tax year.
I’m also in a few of the miners and BTC/Altcoins directly, but this one is my favourite. I can’t wait to see how this plays out.
I have listened to the founders speak on multiple podcasts/interviews etc and they were here at the very start of the web3.0/DEFI space. They know their onions!
I can see me holding this for years. Once this gets legs and potentially uplifted to a larger exchange I can see it flying (Argo-esq!?).
The volume in KR1 at the moment is so low. It is definitely flying under people's radar when it comes to investing in Blockchain/Crypto.
I see this as the perfect partner for my direct BTC/Miner investments.
Web 3.0 technologies are here for the long term. They will disrupt so many established £b industries.
All you have to do is buy and hold.
For all you Peter Wall lovers, here's an interview with one of the founders of Pluto Digital Assets.
Cast your mind back 10 years and the Web 2.0 apps/technologies that are around now would have blown your mind. Web 3.0 is going to open up doors which don't even exist yet. Huge potential for early movers in this space.
https://www.youtube.com/watch?v=OUL1jsTi6Hs
Here is good podcast which helps to describe the future of blockchain. It is by one of the founders of KR1 and is a good insight Into the alternative to BTC.
Some homework for all investors in Crypto/blockchain....
https://open.spotify.com/episode/3RiQ0Lfow9OVLGACLPaPw7
I am in both ARB and KR1. DYOR.
Some homework for all investors in Crypto/blockchain...it’s well worth a listen...
https://open.spotify.com/episode/3RiQ0Lfow9OVLGACLPaPw7
I’m really looking forward to this. Not only from a KR1 investment perspective, but for real world opportunities. Should help to open up the internet to the masses, and not be bound to AWS, Azure, Google Cloud etc.
WayneSmith - if you want exposure to Altcoins and don’t know where to start the look at buying shares in KR1. They were at the forefront of the Altcoin/DEFI movement and have major investments in lots of tokens. Their valuation is way below what it should be, have next to zero outgoings, get £m’s in staking revenues, and their balance sheet is stacked with coins. They have been described as an ETF for crypto investments.
DYOR research as usual.
There some good DD here... https://twitter.com/lolmcshizz/status/1369978943714033666?s=21
I’ve got high hopes for KR1.
Web 3.0 is going to disrupt multiple industries. These guys are slap bang in the middle of it all.
Just remember this company is directly related to BTC prices. Over the years BTC has lost 50% over night. This is not a normal stock, it will fluctuate wildly, both up and down.
I’m in this for the long haul. Day to day swings do not interest me. I zoom out and look at the long term trend of BTC.
I suggest everyone does the same, otherwise this stock isn't for you.