RE: Argo without a Nasdaq is overvalued20 Feb 2021 09:57
I find it hard to value ARB, you really can’t do this through any traditional methods, although they do give some clues. Here are my thoughts.
1. You have BTC, which is volatile but climbing rapidity. In today’s value ARB have a very VERY healthy amount.
2. You have currency swings, dollar value goes down, ARB US climbs in value, Pound goes up and the opposite effect is seen.
3. QE - Most governments have been printing huge sums of cash combating the pandemic, this has a positive impact to BTC which is finite.
4. ARB’s capacity is going up, but in balance to this mining becoming more complex.
5. Electricity cost is also variable, along with environment issues and potential future impact on tax that may arise long term governance or enforcements laws to come etc.
6. Peers, just basic maths shows ARB as being a long way below other similar mining companies.
7. Quantum computing risks - I’ll say no more on that, look it up for yourselves.
8. Nasdaq, bound to be positive for holders.
9. BTC Adoption by major orgs, Tesla, Visa, Morgan, likely to make BTC more stable.
10. Double coincidence of wants. Look it up! For that BTC may be little different to actual cash.
Despite the longer term uncertainty, right now I sense is the time to be in, this may be a life changing investment. Yes there is risk, and really it’s impossible to accurately predict the future, but we have a spot price, and the likelihood is that’s going up, way way up! GLA