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I am not sure how Bitcoin could drop 85% based on the different participants involved. Before bitcoin was full of retail shareholders. Now its different unless some catstophic event were to occur. Unfortunately who know what China would do, another virus, attack Taiwann. Other than that I dont think there will be another significant drop.
Clearly its not my decision but let put the decision but just throwing this out there. The object of the game is to accumulate as much bitcoin as possible with the assumption bitcoin is going to worth 10 times more than it is today. Rest assured the other miner are going to be growing at a rate to make the mining difficulty very challenging as mining machine are brought on line over years and years. Also the halving event would considerably drop the amount of bitcoin mined. My calculation shown in a previous topic showed that we could be mining 1000’s of bitcoin per month and could very well have the Return on investment in a few short months based on a Bitcoin @ 100k and above.
If Peter were to announce such a plan an investor like Saylor and his 500 million would be what the doctor ordered.
Lastly, If Peter were to request approval from share holders to offer another 100 million shares to expedite the complete build out of Helios with a full 800 mw’s churning out thousands of bitcoin per month I would not object to the idea. We would then be the top miner surpassing Marathon.
I have read a few comments about a bear market in the near future that will whipe out some miners. I suppose we are going to need to define a bear market, catalysts, and drivers.
Bear Market: So I am assuming a bear market may be triggered by a catalytic such as if a significant stock market correction. However, Bitcoin may very well be sitting in the mid-100k mark, and what constitutes a bear market? Bitcoin falling to 75k? Miners would continue to be profitable at that level. Overall, Peter’s plan to have the retail investors pre-pay for Pluto, Heios, and other build-outs have provided a safe haven for Argo because everything is paid for with a low overhead. I am assuming as we go forward Peter will use a percentage of Argo Hodl currently valued at $120 million as collateral for additional miner purchases and probably sell enough bitcoin to mange paying off the miners on a monthly basis.
RE: Capacity Question megawats to exahash15 Oct 2021 20:33
If bitcoin travels north of 100k I think Argo should sell 80% of its Hodl to build out Texas. It would literally take 3 months to get the bitcoin back. Much like chess, you need to sacrfice pieces at times to get ahead of the game.
Folks the institutions or holding this down. Have you seen how much Argo has been accumulated just in 30 days. its like a wolf pack. As soon as the alpha eats his fill others are allowed to join in. Im ****sed but understand whats happening.
Another calc: Argo has a 2000 bitcoin Hodl. Since the IPO Bitcoin has risen approximately 20,000. This translates to 40 million. Almost half the IPO money. Incredible how powerful the shorts and institutions are holding this down.
Folks, institutional ownership has jumped from 5% in August to 60% now. The institutions are patient, purposely holding the price down while they accumulate. There is no crystal ball for their actions. The driving variable now is the price of bitcoin. Argo has set themselves up to grow over the next couple of years with the capacity of Helios @800 mw’s. If bitcoin continues to rise in the 100k + area their Hidle alone will be equal to the market cap next year.
As you can see retail investors have significantly dropped from 95% as indicated by Peter Wall. Here is the change just from 1 week. The institutions are accumulating shares with no issue. Data Last week Retail: 41% Institutional: 50%
Another cool stat: When Argo listed on the Nasdaq Bitcoin was approximately 42k and now bitcoin is at 58k. Again with the same calculation assuming Argo has 2000 bitcoins. The company has increased 32 million in value. Also meaning that in less than a month Argo’s increase in value makes up almost 30% of the entire 112million ipo.
For poops and giggles let say Bitcoin goes to 100k. The value of Argo’s IPO would be exceeded merely by Argo’s holdl
Folks, assuming Argo has accumulated 2000 bitcoin now. Todays Bitcoin move from 54 to 58 has yielded Argo 8 million dollars in one day. This is 7% of the 120 million obtained by the IPO. How many mining machines would this acquire.
This is ofcourse as of bitcoins price right now when I am posting this.
It’s to bad these guys creating these videos dont know enough about Argo’s Texas facility to present mining possibilities from Helios at full capacity running emersion technology on the mining machines.
I dont know if I am responding to paid basher or investors who are getting their butts kicked. The plain ans simple truth is that Peter was bombarded by request to get put on the Nasdaq, so he did. The Texas facility needed to be paid for. It was a win win for Peter to completely pay for the Texas facility and get listed on the Nasdaq! Do you really thing Argo is going to be a $1.50 stock in the next year or two.
I currently believe along with institutions accumulating that in the next 3 years Argo will have accumulated 7000+ bitcoin with little to no debt and bitcoin will be hovering in the 100’s or 200’s thousands of dollars with an infinite potential to increase in value.
Folks, who would have known the stock would have dropped like it has, but the path is clear. Bitcoin is going to rise, Argo is going to accumulate more and more bitcoin with very little debt and be proactively ready for any bitcoin dips. My advice to folks is sell tour shares now so the institutions can accumulate what they want. It appear bashers are here in full force, so give what they want or make fun of them.
Imagine if the current share price was based on 7 billion mkt cap. It would be a nice pop if that was tepaired and the bots auto adjusted. We could have a 10 fold increase in price. Unfortunately the price is held down intentionally, but you never know?