Member Info for london_balling

Nice bounce off the 21EMA and back up we go, hopefully another crack at 42k

Since I first bought Argo on July 27, BTC has done 300% and Arb 2,200%... that’s six months and one week. Nobody, in my opinion should be overly concerned or indeed overly excited about 10-20% swings here or there.... it’s about playing the long game (if 6 months can even be counted as long) and hoping we have more 20% upswings than downswings.... it’s proven that way so far, let’s hope it continues!

If these people are really selling Bitcoin just to buy doge, which has no inherent value from what I can see and looks like a pure FOMO pump, then you can be sure the whales and 6.5k companies who attended the saylor conference will be gladly mopping up these shares. The mug punters will buy back in again at 43k Bitcoin because that is human nature.

This is probably better for the big picture than Bitcoin being at 43k right now. When the doge lot slip the lead they’ll have wallets ready and cashed up able to put the true store of value straight in, so demand will be higher again and supply even lower. I’m pretty positive about all this noise tbh.

Even more fun taking it back the second time (and third overall)

Thanks bud. Cor it's hard work over there sometimes I can tell you haha. I try to be patient but my word!

Hopefully if people get that I am realistic they will also accept that I really do believe that $175 k for bitcoin and £7-9 for Argo this year are my genuine realistic beliefs and that might means something, I don't know...

It's tricky because I don't want to be thought of as deramping, but I also don't want anyone to lose faith for any reason because it's in my interests for this to continue to rise .... trying to toe the right line.

Oh I'm not worried about PW not being prepared DS, I just don't want people to be disappointed if we don't mine 9,000 coins in the next three years, that's all. I would love nothing more, trust me. But I also don't want mass exodus after a monthly update where the coins go down for the second or third straight month....

Love the post Rookie and certainly agree with the sentiment.... I do keep coming back to the fact though that 1.68 EH does not just mean we'll 200 coins a month every month like clockwork... it's not a manufacturing conveyor belt.... if (when?!) bitcoin goes past $100k it'll be increasingly hard to mine them.... I'd be surprised if we could get three figures a month at that level.... by $400k and 2024 I reckon 10 a month would be a result to be honest....

This is the biggest of the unknown knowns that we should really remember throughout all this.... as in we know it's coming but we don't know the exact impact it will have. I might be overestimating the difficulty increase but I almost might be underestimating it. Let's not forget there are only 2.5m coins which have to be spread out over the next 119 years and there are more and more people scrabbling to mine them.

Erm.... it's tricky to predict anything so precisely.... let's just see what happens!

Thanks sileng, good hex! ;)

If I had to guess, I reckon PW and the Nasdaq have already been in contact, the paperwork has been done up until a certain point and we will apply as soon as we close at $2 or better. We meet the other criteria for the Cap Market already, we have the requisite assets to not require a $3 close. I'd be shocked if the wheels weren't already in motion somewhere.

I'm not even sure we need it.... organic growth is good.... like the frog being cooked.... throw a frog into boiling water and it'll hop straight out, put a frog in cold water and gradually increase the temperature it doesn't notice...

I'm happy for bitcoin to bubble up until it's $150k without anyone really catching on!

Smug

The access that US investors would have would be incredible... Robinhood and Webull would have access.... it's got no stigma unlike the OTC... mara and riot routinely have x8 or x10 the volume that we do.... if we're listed next to them, with better hashrate and at 10% of the price it can only be a good thing....

The listing RNS alone would send us off to the moon imo

If Bitcoin is pumping it might mean altseason is over for a while.... might be worth keeping your powder dry a little longer to see which way the wind's blowing.... generally altcoins pump while bitcoin is resting and vice versa, in my admittedly limited experience

Not unless we consolidate our 360m shares into 120m max, I'd say...

We were 6p that week don't forget... we've actually grown more than they have in the past three months despite no Nasdaq!

Yes, although, the difficulty will increase as the price rises too... got to factor it in.... the difficulty change every two weeks, the rise after the previous ATH was 10.8% I believe!

Interesting... I thought millionnaire status didn't include tangible assets, just cash, investments etc? If not then I have to revise my own targets :)

I did actually think that CS might be some kind of merger/takeover/absorption possibility myself ... however PW announced the new 6,800 for Q2 just after the Q+A so I presumed that’s why he was smiling when talking about using good working relationships when times are tough etc...

Don’t get me wrong, I’d love another 20k rigs from somewhere but I just didn’t really allow myself to think it was a possibility!