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Mara has been re-rating since it announced its 50 EH goal Red. You can see the rise since the announcement. BTC and ETF approval is a factor of course, as well as Maras new mining efficiencies that has really separated them from the other miners. Market is waking up to Mara look at its volume last couple of weeks but of course new money is still naive with these types of miners because any serious due diligence and youre really holding a loaded gun thats gonna go off in your face at any moment. Of course if mara adds 900 million to its mcap like it did yday the other miners are gonna do well, like they have been but its not sustainable long term for miners like argo. 100k btc sends global hash and difficulty will go through the roof, it may even be unprofitable to mine at those prices for a while..... what then for good old Argo?
'Mara is the safer bet but let s be honest you won t 10x in mara this cycle or 20x'
Glad you got your money back Denis and you're back in the room so to speak...... Maras gone 9x this year and is now dragging up the whole industry..... in a full on bull ill be amazed if mara doesnt go 10 20 x from here. GL.
I said last week Arbk is going to pump to around that $4. Let's forget the predictions from 153p because that's not important.
THESE LESSER INFERIOR MINERS WILL GAP UP BECAUSE MARA IS RE-RATING.
Eventually these inferior miners will be ina unsustainable mcap and will dump. Nothing has really surprised me with Argo's recent movement. But talk of 1 pound 3 pound is utter lunacy.
Cheers Ian ! time is proving to be the best judge and Mara is now winning the mining race like i thought they would ! If i were Argo holders id be praying that Maras re-rate continues.
Yeh people seem to forget last bull run......btc went from 50k to 65k and Argo went sideways and backtracked. Very much in the camp of having my money in Mara, potentially an Apple of its industry. Even then I'm not so sure about being invested close to the halving with it. The inferior miners will stop going up at some point just like Argo did when btc did that mad jump from 50-65k.
These jumps in the mcaps for other miners compared to mara are pretty insignificant and not sustainable for them.
I reckon that's a safe shout Hexam 3.60 USD ARBK looks toppy imo, ARB never gapped up to the USD price, I think if Mara adds a few billion more to its mcap in the next few weeks maybe these inferior miners gap up but i'd be surprised at these btc levels if Argo goes past this Mcap for now.
I'm surprised it hasn't run hard yet. The sector really is buzzing right now and i thought this would pump. Sometimes things don't pan out but you have to keep the patience if you feel your due diligence is correct.
GST will pump to a minimum of 5p this time round, just like it did in 2021 4.6p ish. Company has done loads of good since then and a couple of things i do not like, however, this mcap is ridiculous for what it is and what it can potentially be.
I am in this for that 5p win and will re-assess then but peeps need to zoom out on the day to day, minute to minute movement. The price finds you in the end.
GLA
If you have over 3 years crypto experience why allow another third party to make money off you? The fact is analysts constantly get it wrong look at the price targets they give miners lol If you're inexperienced i understand ETF's but if you have knowledge you should be ahead of that curve imho.
Money managers laughed in my face about btc in 2016 and again in 2020 but not so loud. Now in 2024 they want your money. Awesome lol i wont be chalking that up x
Top Man Chopsing ! Merry XMas to you and yours. You were the one of the first to back what I was saying. I know i pi55ed a lot of people off but my opinion became the truth in Argo. They should have hired an awesome Chairmen when they hit the bull run in 2021. I soon discovered pw was full of the brown stuff, and just like many here saw my long getting obliterated through an idiot. I certainly changed that approach. x;) Some of those rampers pushed the boundaries of intelligence, i remember one of them telling me i was wrong and a fool and argo had gone from 153 to 40p lol it was alot of fun dealing with that mental gymnasia and does show how far delusion can take you.
Anyway, We now have imo 15-24 months of hype coming and big rises to the whole space.
BTC since 2011
2011 up 1473%
2012 up 186%
2013 up 5507%
2014 DOWN 58%
2015 up 35%
2016 up 125%
2017 1331%
2018 DOWN 73%
2019 up 95%
2020 up 301%
2021 up 66%
2022 DOWN 65.5%
2023 up 162% Best year after a bear Market
2024 up ????
2025 up ????
2026 DOWN 2/3rds
HIstory doesn't repeat it ryhmes. We have 2 years to make big money and just make sure youre ready for the bear in 2026, because it will be coming no doubt.
Many are also forgetting Argo 2.8 eh is really 2 eh its mined that equivalent all year, sometimes less. If argo goes to a pound a share thats 500 million plus mcap, Argo 2 eh and 12 months left on a hosting agreement in a mining centre that doesnt seem to work properly and S19 pros that are halfway through their cycle won't take argo to 500 million and if it did can you imagine how many firms will go out and buy rigs if the market want's to value it like that ! I just cant see that disconnect coming for Argo.
Argo will need to dilute to pay debts and need to dilute to buy machines, this current SP does neither. Any attractive rises in the sp and a raise a big raise is coming here.