Member Info for Money_nvr_sleeps

If you are going to buy ARB then seriously consider a quick IN and OUT before the halving.

If you think BTC will increase between now and the halving. This should be the main influencer whether you buy or not.

Buying Argo is a gamble, simple as that, but a quick entrance and exit pre-halving COULD work. Just don’t be left holding the bags post-halving when Argo will be even less profitable with more debt added.. what do you think that will do to the SP.

If you are going to buy ARB then seriously consider a quick IN and OUT before the halving.

If you think BTC will increase between now and the halving. This should be the main influencer whether you buy or not.

Buying Argo is a gamble, simple as that, but a quick entrance and exit pre-halving COULD work. Just don’t be left holding the bags post-halving when Argo will be even less profitable with more debt added.. what do you think that will do to the SP.

Yes all of this is great IN THEORY

Let's just hope Argo can actually make it to the bull run.

@butterfly I didn't say I'm holding, I said I'm SELLING approx 90% pre-halving LOL. only holding around 10% as a gamble.

If you're correct CLSK then happy days. I would like that too of course as it benefits us all.

In my humble opinion however, this cycle will be no different to the others in terms of timing. Every single cycle I've heard people say "this time is different" but it's never been the case.

For me, Bitcoin won't see substantial gains until November onwards and I'm expecting a choppy Summer of price fluctations. Happy to be proven wrong.

I just don't see any benefit of holding Argo past the halving - as it will take a good 6-8 months for the expected BTC bull run to kick in and during that period Argo are getting half the reward from mining Bitcoin whilst being saddled with debt.

If anyone has differing opinions i'm all ears. Welcome healthy conversation on this as ultimately we all just want to make money from this.

I still hold a sizeable holding of ARB but whenever it has hit 31p+ (my average) I have been selling. IF and I do emphasise IF, we get to 35p again pre-halving I will be selling a considerable amount of my shares. Will hold say 10% as a wild card just to see what happens but I'm not confident Argo can survive this year without further raises and dilution of an already meager SP.

The ONLY positive I like about Argo is the low market cap in comparison to it's peers, but the cons really do outweigh the pros and it's a high risk gamble holding this stock between April halving and end of 2024.

I’ll be selling 50-75% of my ARB holding before the halving and leave the rest to run

Way too risky to hold onto this cash-strapped miner throughout the summer.. November/December bull run seems like a lifetime away for Argo

We don’t need more miners competing for hashrate, could do with a few to shut down tbh

We could certainly have a few months of pullbacks before things turn. I DO expect Bitcoin to rally but not until Autumn at the very earliest, more likely Winter - Nov onwards

the problem is if Argo can weather the storm between now and end of 2024.... i'm not convinced they can, certainly it's far more of a gamble to invest in ARB than other more profitable miners that actually have a decent sized Bitcoin HODL to sell for funds/investments if needed.

It's a miracle that ARB is holding up in the 14s. Expect this to drop further though.

Whilst these drops are creating some bargain prices to hold on to for the rest of the year (dont see BTC going lower than $35K) - Argo certainly isn't one of those 'bargains' - lack of Exahash/HODL/and having too much debt are really limiting facts especially so in a bear market.

I am holding a bag of Argo (sold a few chunks off at 35p) so don't call me a deramper. But yes certainly bearish for Argo's future if Bitcoin continues to stay at sub-$43K levels.

TBH regarding alt-coins i'm loving the discount. buying them up ready for the bull run around November onwards.

Let's be honest HarChris, 75% of the comments on this board are uninformed.

Don’t expect ARB to stay at this price if Bitcoin is at $40,500 or drops further

A positive month RNS would be good for the company but doubt the SP will hold up well against any further dips in the asset the company mines.

Don't be surprised to see Bitcoin dropping to $35-$38K levels.

IMO not a time to buy Argo. (I wouldn't touch it anyway). Recommend waiting for BTC to settle otherwise you're catching a falling knife.

I’d sooner buy Mara, IREN, SDIG, VanEck Dapp ETF than Argo. They are also at a discount but actually have the long term prospects of surviving this mini bear before the bull goes on a charge Oct/Nov/Dec onwards

Wouldn’t buy Argo at all until Bitcoin settles, could well test 38K

Lower lows before the highs

Anyone who invested in Argo in 2020 and the bull run are wiser and more clued up about what to do for this bull run.

I’ve been selling this off in batches whenever it hits 32p+ - my average is 31p

Buying other miners for when the real bull run starts approx Oct/Nov/Dec onwards - will be extremely choppy between now and then

Post halving is where Exahash is going to become a major deciding factor in which miners survive and which don’t… expecting a few miners to struggle/go bust which would actually help the rest of the miners out by reducing overall hashrate/difficulty

Exactly the reason why I will reiterate Argo is a short-term play, whilst other miners with much higher Exahash and Bitcoin HODL - naming no names - are the longer-term/‘safer’ investments

Keep an eye on Bitcoin price tonight. Sunday is the usual sell-off day so will have an impact on Argo in the morning. Personally I'm happy with a further slight drop to BTC as this is creating opportunities to make profit when the market recovers, with various alt-coins and miners at a discount.

Personally I'd keep an eye on BTC and see if any further drops and see what price Argo opens up with at 8am. Could well drop a little further before recovering - You don't want to be in a catching a falling knife situation.

I’d genuinely be happy with some further dips to BTC to $40K - that would create some real miner bargains

Will be watching BTC closely Sunday evening as that’s usually the main sell off day. Could create some nice opportunities on Monday. If it stabilises I’ll be topping up various holdings .