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So if I've interpreted this RNS correctly we've cleared the debt for the Helios land along with the agreements in place for power etc with DPN LLC for just $4.03m compared to what Boatmen were saying last year was costing $12.5m
Fantastic news onwards and upwards and I continue to add to my portfolio at these levels although I'm underwater. I still believe in the underlying asset and still believe in Argo. Accumulation time
Argobull has continued to post valid and sensible info throughout the SP drop amongst all the FUD and nonsense drivel that this board has become full of. Even with Chaebol green boxed for months there's still lots of replies to him from others as a result I rarely contribute or read
Golf17
Posts: 421
Price: 45.50
No Opinion
RE: End of year costs per coinTue 22:52
I was hoping for a Lambo after listening to delacy Island, but now looking like I'm going to still carry on riding my old bike lol
What's the quality of you 2nd set of golf clubs like ?
Maybe I could swap you a bike for a set of clubs whilst we wait on lambo ?
What size shoe are you comeonbernie ?
They look pretty big in the photos in Mali, I'm asking as when KOD hits 10p I'm thinking of buying you a pair of those joke fish feet ( cod )
https://www.amazon.co.uk/Coddies-Flops-Unisex-Sandals-Slippers/dp/B07CT14FB3/ref=asc_df_B07CT14FB3/?tag=googshopuk-21&linkCode=df0&hvadid=347927003033&hvpos=&hvnetw=g&hvrand=1957140021627679515&hvpone=&hvptwo=&hvqmt=&hvdev=m&hvdvcmdl=&hvlocint=&hvlocphy=9046911&hvtargid=pla-488767347029&psc=1
I'll wear them with my Comeonbernie crop top
Flowerpot
I certainly did not think we would go from £3.40 to below £2 but buy the same token I should of sold at 10:30 this morning and be looking to buy back in at 4:20 IF Bitcoin doesn't go up and spoil my plans.
No one knows timings.
With regards to mining shares as a whole not just Argo. The cycles clearing out PIs who are heavily down and the IIs are moping them up , we've been in an accumulation period for 9 months. In that time sentiment changes as boards/ groups/ twitter etc get toxic and it provides a great opportunity for those playing the long game.
Look at bitcoin last July 30k Argo 86p. Today bitcoin 44k Argo 76p with a Hodl of about 1500 bitcoin more.
Many PIs can't buy the fear but can buy the FOMO without questioning themselves.
I can't trade it, I wouldn't have a clue how to, it would be pure guess work but I can keep accumulating whilst I think I'm getting future value ( of course that's purely subjective )
If a bitcoin miner is to remain in profit then by 2032 how much must one bitcoin be worth for them to mine a block of 0.78 bitcoin ?
I think that makes 76p a bargain long term
' Each to their own strategy, but why you think someone can't make 5% trading today and then use that to re invest here is a mystery '
Flowerpot don't miss quote me please.
I never said that at all, that's a great strategy for a trader to make 5% in one day and accrue more mining stock for the future, a trader I am not but if we both agree that miners have been hammered Q1 22 and both agree that bitcoin is a future store of value then by defacto we agree that this period is a great accumulation period
' With every single miner with the exception of 1 all heavily down through Q1. Dont think everyone will see buy & hold as the best strategy '
Flowerpot a PI can't time the market but health permitting he can commit to time in the market in a company/ product he believes in. I'm sure you're aware I was talking in 4 year blocks and you were talking in 3 month blocks. They are vastly different. There are traders selling today for a 3/4/5% gain after spread for a daily profit, good luck to them. My belief is that anyone who bought in at the start of this quarter won't be down in the future and it's been a great accumulating period we're in if you're a believer in both product and company
Still doesn't take much to move sentiment and price, we're still so early in the adoption curve I'm sure there will be many more big players after Terra buying in and I'm not just talking about the 5% portfolio holdings to not miss out but the more bullish buying seen by MicroStrategy, Terra, Square, Tesla etc will continue over the coming decades. Bitcoin isn't going away, mining will continue to be profitable and if you think that by 2032 just 10 years from now miners will be fighting over one block containing just 0.78 BTC then if you're on here now reading this today because you truly believe in bitcoin then you should just buy hold and forget and not be bothering about daily/ weekly/ monthly or even yearly price actions. Ask anyone that's been in Bitcoin for over 4 years at any point if they are up or down and everyone will tell you they're up. Read the white paper, understand the halving, understand the store of value, understand trillion dollar assets don't just go away easily, understand the relevance of green mining, the advantages of being in Texas, Argo is a buy and hold