The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I know this is a loose link but I watch Bloomberg (they still hate Bitcoin !) and they keep going on about Thanksgiving holidays tomorrow.
I always think of the Marathon car hire clip from Planes Trains & Automobiles at this time of the year so I hope you don't mind me sharing the clip with you on here..
Gobble Gobble :)
https://youtu.be/cmg3nlAPVK8
Oh and Marathon up circa $10% with an MCAP of $263 M !!!
I added this am so I know how you feel Bananaman but I've been adding since 5.6p so I can't really grumble too much.
Bitcoin rising now so 12p could look like a great buy short term and has to be an absolute steal long term
imo etc
I was going to have some chips for lunch but there's a better than good chance someone's going to pis s on them :)
ATH for Bitcoin in sight and we're acting like it's just dropped to $5k lol
Come on Bitcoin let's get the party started
Bitcoin holding strongly above $19k has to be a massive positive sign for what lies ahead.
Looking ahead is where the big gains could be made here..
'The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power as well as consuming approximately 15 megawatts ("MW") of electricity.'
So ARB currently have circa 680 petahash but by March ARB should have 1120 petahash. Allowing for downtime of circa 10% (Seems prudent to allow for some machine downtime initially) would give ARB circa 1000 petahash.
Monthly costs rise to cover new equipment and power costs (my guess would be to $1.5M per month all in but its just my guess)
BTC at $20k looks very good !
BTC at $40k and ARB are looking at $7M profit per month
BTC at $100k (as many predict could happen) and ARB are looking at $20M profit per month
Interesting to punch in some numbers and see what ARB could be raking in early next year !
https://www.mycryptobuddy.com/BitcoinMiningCalculator
I know i've posted this a few times already but it's important to keep looking forward :)
In this episode of the Keiser Report, Max and Stacy look at the biggest asset manager in the world, BlackRock, finally admitting that bitcoin will take the place of gold. They also discuss perfect price discovery. In the second half, Max interviews bitcoin miner, Marshall Long, about the possibility of a hash war between the US and China as the US Comptroller of the Currency warns about China dominating the space. They discuss the true rate of mining supremacy and what the future for the sector holds.
https://www.rt.com/shows/keiser-report/507549-bitcoin-gold-hash-war/
If Bitcoin holds or dare I say it rises further overnight and looking at LSE finish there could be some big action here tomorrow !
https://www.londonstockexchange.com/stock/ARB/argo-blockchain-plc/trade-recap
12.20 finish on there so should be an interesting start to the day one way or the other ;)
Some hefty trades today ! https://www.londonstockexchange.com/stock/ARB/argo-blockchain-plc/trade-recap
I could watch this page all day ! Actually I already do (crazy emoji ) lol
https://www.lse.co.uk/crypto/
LRGS trade slipped in an hour ago; https://www.londonstockexchange.com/stock/ARB/argo-blockchain-plc/trade-recap
IF the seller has dried up it would be great news :)
New kit running by Feb and at today's BTC price Arb will be generating circa $4.4M in BTC !
Allowing for $2M per month in recurring costs (for kit, lecci etc)
and you are left with... per month profit
https://www.mycryptobuddy.com/BitcoinMiningCalculator
Of course we all expect/ hope BTC is much higher by then..but we will just have to see how it does
Unless i'm missing something of course
Guys Gold sliding but Bitcoin is still charging
https://www.metalsdaily.com/charts/gold/
https://www.binance.com/en/trade/BTC_USDT
Just saying
I bet even warren buffet is sweating today looking at Gold slide again
https://www.metalsdaily.com/charts/gold/
I just keep mine on Binance, two step security so feels pretty safe. It's easy to sell and switch trades which I like. If (when) my holding becomes more valuable I would move it off to a wallet but that's not where I am right now.
TBH the tax implications i'm not up to speed with but i'm sure there are some savvy investors on here that can iron out that question.
I bout a bit on Binance; https://www.binance.com/en/trade/BTC_USDT
I'm no expert by any means ! but I have been buying BTC and Zcash and alts on there. It seems easy to buy and sell on there with good trading info.
I think ARB will multi bag before BTC so I have more in here than in crypto direct but that's just my take on things.
Pls DYOR regards trading just in case holding coin on Binance or any exchange goes to sh.t :)
Guys I posted this on Sunday but I think using a BTC & ZEC calculator to discuss where we are now and where we could be early 2021 is a great way of seeing massive increased value here.
Using the Bitcoin mining calculator throws up some interesting numbers !
The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power as well as consuming approximately 15 megawatts ("MW") of electricity.
So ARB currently have circa 680 petahash but by March ARB should have 1120 petahash. Allowing for downtime of circa 10% (Seems prudent to allow for some machine downtime initially) would give ARB circa 1000 petahash.
Monthly costs rise to cover new equipment and power costs (my guess would be to $1.5M per month all in but its just my guess)
BTC at $20k looks very good !
BTC at $40k and ARB are looking at $7M profit per month
BTC at $100k (as many predict could happen) and ARB are looking at $20M profit per month
Interesting to punch in some numbers and see what ARB could be raking in early next year !
https://www.mycryptobuddy.com/BitcoinMiningCalculator
Raoul Pal said he put recent Gold drops down to investors like him pulling out of Gold and investing in Bitcoin..
Holding 2299.90 tonnes of the stuff countries like Russia and Banks must be wondering if it's time to start selling Gold and buying BTC..
All imo of course
Gold just dropped suddenly, with more money moving into Bitcoin big drops in Gold could spook that market
https://www.metalsdaily.com/charts/gold/