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Seashells, silver, gold, commodities, cash, bitcoin, you could argue they're all worhless, but not in the world we live in. It's a theoretical argument and philosophical. Everything is worth something as long as we use it in this world, people are using bitcoin regardless of the usage, it's being used.
I think it's about time people dropped the BTC specualation narrative, first Microstrategy, now Tesla, not too mention big ones that haven't released holdings yet and accumalation in progress. ARB is easily undervalued and should be way higher, $2 is the top of the fib extension atm
That's correct, BTC mining will still be about when we're not, as for blockchain, there are many possibilities that the uk have not transferred too yet, blockchain is securing transactions and information, imagine when, not if, dvla, nhs, government start to secure data on the blockchain, like medical records, criminal records, etc, will be most likely to be contracting it to private companies like argo. It may sound like a long shot but it is imminent as the future nears and record number of data breaches with traditional systems.
There's alot of people banging on about BTC price correlation. Even if btc goes down, this is a buy, take a look at how many other blockchain companies are mining then look at argo, mined just under a thousand in december, some others, which are valued at $15-$22 mined just above 200 btc in the same period, argo has was more hash rate than the others already without the new asics in play, also, the energy efficiency rate is around 20% more than them at 70%. Even if btc drops 10k right now, this is still a buy in long term. This year it's going to smash its competitors in terms of revenue. Stock price if being manipulated because you can get clowns getting in at 10k and taking profit next day, but they'll soon be outpriced where they can't make a difference.
I agree, its competitors are over 10x argo, marlet cap is similar, shares in issue are less and income is 2M above them and that was in December, more rigs being delivered early and the rest online by February's estimate, looking good too say the least
BTC looks like its running for ATH, but if it gets rejected there could be a huge selloff which would be typical for BTC, it can't go up forever, there are CME gaps too which are likely to get filled, if BTC hits near ATH i would be very cautious around there, next selloff will be huge, likely testing previous highs at 22-25k
I dont think the charts matter much on this one yet, may stall at the fib levels on charts but overall it seems severely undervalued, bitdigital valued at $25, argo killing it compared too them, next are riot,hive,etc, argo wil run sooner or later just cant go up in a straight line because of profit taking.
Robinhoodhood69 you cant argue this sp is undervalued by far...guess you don't wanna be giving your shares too the poor. Weak hands or profit taking for the people who got in at ~5p. Its going one way and thats up after the shakeout
Looking at its competitors, hive, riot and others, argo has more capacity to mine, is getting more asics in febuary, looks like ultimately will be priced above £12, bitcoin dropped lastnight, argo dropped less than half of it in terms of percentage, being bought up relatively quickly, there's big players in this space now, however speculative, lfg!