The Drop20 Apr 2021 01:04
I sold my holding a few days ago and right or wrong, my decision was arrived at as follows:-
There is a finite number of Bitcoin.
Bitcoin has risen rapidly and most people are holding it as an investment, so buying and selling is reduced The chances for mining are therefore reduced.
Because bitcoin is rising, it is unsuitable to trade for goods and services. Like our COE, people will hold bitcoin and pay with cash. So overall, I expect mining opportunities to fall. The results for the next few months, will be critical.
I am optimistic about argo, it will recover, it is a matter of when.
he coming months will show whether Argo can make a reasonable profit in these conditions.