Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I never said anything about being profitable at $40k per btc? The global hashrate will decrease as bitcoin decreases though. I was stating that many of the other miners don’t have the margins Argo has even if there is a substantial dip.
Due to other publicly traded miners possibly not being as profitable during the bear market, I’m sure many of their investors will move to Argo. Makes logical sense. We have some of the lowest operating costs and a smart growth plan in place to continue being incredibly profitable.
Dips like this in Bitcoin are normal. What we should remember is that as bitcoin decreases in value, miners get turned off as they are no longer profitable (causing the global hashrate to decrease). Now remember how profitable Argo’s machines are. We will only be making more bitcoin this month due to this “crash”.
Regarding the correlation between ARB and BTC, logically if Bitcoin pumps, Argo pumps as shown earlier this year (Argo outperforming bitcoin in many instances). There can be quite a few reasons as of why we’re not getting as much movement currently during bitcoin pumps. E.g. Argo investors moving directly to bitcoin, increased short positions, not as much buy pressure. The problem I think we’re getting is there’s not enough volume on the Nasdaq compared to our direct competitors. Hut8 is a prime example following their Nasdaq IPO. For those who remember, first few weeks they were getting constant red days. Volume eventually caught up, then went on to achieve multiple ATH’s.
It’s down to opinion. I’d say bitcoin is a hedge against inflation. If stock prices plummet however, I’m sure there will be investors moving money from their bitcoin holding to cover losses on their stocks.
Big swings like this is the reason the majority of us are invested in cryptocurrencies. We buy the dips and wait for the highs to return. I don’t stress over the 9% dips because the fundamentals still have not changed. We mine a great price rate and make great margins, and then increase hodl. If you’re bullish on bitcoin, then you should be bullish on bitcoin miners.
Every time argo enters <130p, I buy. Anything under 140p still an amazing entry level though.
Up 9.5% in America??
So will the OTC shares still mirror the ADR Nasdaq shares 10-1?
These prices are silly with bitcoin at ATH. We all know that. I think the real gains will be made when the quiet period ends (02/11/21). Big news flows, big announcements and big coverage should be made to get this share price rolling again. I will be continuing to buy during this quiet spell.
We’ve had recent dilutions since, but agreed. We should still be clearing 250p. Criminally undervalued.
Hut8 didn’t get SP gains straight away, but since the listing it has now approximately doubled.
Expect a very volatile next few days.
Are shares bought on Nasdaq IPO locked for a period of time?
Bought the dip.
Good to see people buying on the dip
If there were ever a time to buy the dip, today would be it surely. NASDAQ buy positions are all yet to come.
Under 130 will be a buy from myself today
I too am continuing to accumulate shares at these prices. Information such as this shouldn’t be overlooked, we’re in the right place at the right time imo. This clearly shows that Argo has powerful and influential people interested in the company.
He also has lots of money and influence. If he’s publicly positive on Argo, then there’s not a problem we should have with him.