Member Info for K3VMC

https://cointelegraph.com/news/new-bitcoin-entities-near-all-time-high-as-analyst-heralds-positive-whale-activity/amp

Poptimist

“ Enlarged share capital. So dilution again,. How will that help?”

Did you read the rest of the RNS? You realise that if you want something for your business, you have to pay for it? Or do you expect Texas to build itself for free? Do you expect to compete for talent in Nasdaq land without options?

Anyone know how long this will take to sidetrack and get back on track?

A couple of days?

Let the games begin!

https://twitter.com/wclementeiii/status/1414377852603097088?s=21

Btc breaks its downward trend. Squeeze!!

That’s a nice rumour and a lot better than the idiot $8k btc one.

No need to believe either. Too many FIs and banks are pushing btc to their HNWIs. There won’t be enough btc mined to satisfy them, but you have to account for btc adoption by the odd country, or eight.

13m shares in ARB bought at £1.68. That seems like an easy lot of money to follow at £1.14.

:-))
ps Unlucky England. Just a lack of confidence by the youngsters in the penalty shootout.

Sovereign Wealth Funds

https://copper.co/insights/now-that-bitcoin-has-already-started-to-win-institutional-acceptance-are-sovereign-wealth-funds-next

These are the smart guys.

https://cointelegraph.com/news/capital-international-purchased-600m-in-microstrategy-stock

These are the smart guys.

Muscles12

“ It doesn’t make one iota to bitcoin it’s been played too much it’s going DOWN”

I agree it’s being played, but there are also buyers. How much it goes up or down will depend on the relative strengths of each, BUT the shorters will have to buy back, so IMO, the direction of travel in the medium term is up. I don’t care about the short term, but even if it goes down, ARB is STILL making darned good profits and will be increasing its hodl, while we wait for the bear trap to spring.

If people are too thick to hold their ARB, then there may be a buying opportunity, but I would just drip feed buys in. Always leave sixpence for the other man. I’l be ready to buy week after next. It should have been by the end of the stamp duty holiday, but solicitors are soooo slow.

Hyperinflation, where a government, or in Venezuela’s case, a dictatorship just keeps pumping out the paper money to fund its cronies, while everyone else suffers.

These people were in an extraordinarily bad place, so the barrier to accepting Bitcoin was extremely low. I can see the same thing happening in Kenya, Zimbabwe and scores of countries around the world, where the ruling regimes are despised and distrusted.

Very good video. Well done that man!!

oldmantasty

“ good that people in el salvador are embracing bitcoin but with a minimum wage of $300 in most industries not sure how much bitcoin most people will be buying”

El Salvador has a gdp of $25bn. $5bn of that is from overseas remittances. Typically takes days and costs 5% to send $100 to a Western Union office, which the recipient has to travel to, to collect the remaining $95. $100 sent as Bitcoin has a variable fee, currently 4.9%, but arrives instantly into the recipient’s wallet, where it can be saved and converted to fiat when required.

Speed, cost convenience and security. Your gran can’t be mugged for cash as she travels home from a WU office.

4.5m adults in El Salvador. Every one of them will be given $30 in btc when they download the government approved all.

Tip of the iceberg.

And is standing by his $220k btc price for November this year. Not saying I can bring myself to believe that, but he has cojones to put that out there.

Sorry, I’ve lost that link, but he says that the app “Strike” is averaging 20k downloads per day in El Salvador.

HarChris

I repeat.

“ I’m not saying what other miners do is irrelevant. I’m saying I don’t care.”

Miners come and go all the time. I don’t know what they have done in the past, are doing now, or will do I the future. Even if I did, even if I could work out all the financial ramifications thereof, it would be useless as an investment tools, because every other investor would have a different interpretation and a different decision making process. Plus, you are only looking at MARA and ARB, which is an insignificant subset of the whole mining population.

So again. Relevant. Of no interest to me. It can be both those things.

HarChris

“ BP claims to be invested but on a freeroll on every BB he posts on to give validity to his deramping.”

It’s pathetic, but also transparent.

HarChris

“ I think the point I was making is your underplaying the importance of growth in your comparison between the two, it's that sort of growth that commands high PEs so maybe understandable why Mara is valued over five times what Argo is.”

I’m not underplaying the importance of growth. I’m ignoring it. I thought that was clear from the figures I posted. MARA has ordered a whole load more rigs and will grow. ARB will have the 200mw Texas facility and will grow. My comparison was based on current price and production.

“It is not, IMO, irrelevant what other miners are doing though. Of course it's impossible to track every miner but it's not as simple as increase computing power = more coins mined for Argo, they need to increase that computing power relative to others otherwise they will still fail to mine more coins per month. In a sense, there's a competition going on every month for the 27000 coins being newly minted...”

I’m not saying what other miners do is irrelevant. I’m saying I don’t care.

BarnetPeter

Today

“ Too much downside here. Most of us long termers are on a decent freeroll and will wait. About 95p and below would be tempting to add albeit slowly with the 30K level so key!”

Last month

“Selling this above 160p and buying below 130p has been a winning strategy recently. Took some back today at 128p. Anywhere back to 100p and I am a buyer here. 200p and 180p private placings underwrite the company assets so this is a very fair gamble unless bitcoin breaks into the 20's. Which it might but I doubt for long.“

I can never trust what you post. As on your other boards, mostly you are trolling for an entry point to suit. Reading the above, you have gone from being a trader, buying at 128, to being a LTH on a free roll. Make up one story and stick to it.

HarChris

K3VMC, surely the rampant growth comparative to Argo stands for something?”

I don’t know what you are asking me. It has increased its coin production faster than ARB. That is a simple fact, but I don’t know what that fact “stands for”. It just is.

“Coins mined per month in half a year has increased more than 5 fold for Mara and less than 2 fold for Argo.”

Ok. I’ll take that at face value.

“You didn't answer my question though... do you know why they are growing so fast and was this expected at this stage?”

As I posted earlier, I’m interested in MARA to the extent that I compare it to ARB, on simple fag packet metrics. However, since you asked me that specifically, I did a two minute google on them. I think you have probably done this extremely basic research already, but the answer is that they had a $200m “dilution” as the trolls on here would term it, and bought another 4,000 ant miners. They almost trebled their machines, hence the improved coin production. Very simple, really.

“It seemed to come out of nowhere to me whilst we wait to see how the Texas expansion for Argo develops...”

Well, not out of nowhere, if you take a few minutes to read their press releases.

I would not expect the two companies to grow at the same rate every month, but as I posted, MARA is only of interest to me as a benchmark. My arithmetic tells me that MARA is valued 3x compared to ARB, taking hodl and btc monthly production into account.

Once the btc and ARB shorters buy back, we’ll have a decent sp. I don’t predict btc, sp or time, but I calculate that we are significantly undervalued.

DYOR

HarChris

I used to try to measure ARB against MARA and RIOT, but I decided that the three companies are so different in bangs per buck, that I didn’t need to do that.

MARA has a mcap of £2bn at today’s sp and spot price and mined 265 btc in June, while ARB comes in at £0.43bn and 167 btc in June. I think MARA has about 5k btc v ARB’s 1k, roughly, so strip out the btc hodl from the mcaps, gives me $6.6m/monthly btc for MARA and $2.4m/monthly btc for ARB.

In my view, on these metrics, MARA is valued at 3 times ARB.

Kevinl1977

“ Still struggling at 33k”

Putting aside the fact that btc was $33,660 when you posted this, the one thing you can Rey on from btc is that it goes up and down. If one doesn’t accept that, one should probably stay well clear of crypto.

The wonderful thing about Argo blockchain is that it is very profitable. At the current $33,767 and a projected 220btc in July, there should be a whopping £5.35m revenue in July and £63.1m in the next 12 months.

That’s 17p per share!

I don’t know what btc will do from one day to the next, so I’m certainly not clever enough to predict $8k, but I accept that some people are geniuses when it comes to business and finance.

Looking very good from here, imho.