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@sharifmohamed - the core group of long term holders/regular posters on here, including myself, have given reasoning for Argo’s struggles many times.
In a nutshell the following are holding the Argo SP back;
- Argo have debt, approx £70M
- Argo have no capital to invest in the latest mining equipment which is *essential* to keep up with the competition
- Argo have a relatively low Exahash (mining/computing power) around 2.5 E/H compared to competitors who have higher E/H and better performing miners
- Argo have a tiny amount of Bitcoin (around 15-18 BTC) which is peanuts compared to the leaders such as MARA and Cleanspark (Mara have about 15,000 BTC in their reserves)
- Dilution, Argo need to keep diluting the share price in order to raise capital funds to cover expenses/pay off debt etc
I'm fully expecting the next RNS to confirm delays.
happy to be wrong but I just don't trust GR's timescales, always wrong and there always seems to be an unaccounted for issue that puts a spanner in the works.
QBT one of the worst crypto investments going. but each to their own.
The quicker the jump the quicker the fall - I’ll be profit taking some off the top if this mini-pump continues tomorrow.
MARA is also my largest bag, market cap is high, but that 26+ Exahash and FASB reporting potential is just too tasty a prospect to pass on. Having said that I have been moving more into mid-cap miners such as IREN, SDIG, WULF for the growth potential.
I do expect that dip post-halving to happen, but whether you're currently profit taking, holding, or accumulating, we will all benefit come December/early 2025 - providing you've chosen the right miners ;-)
*regardless of ETF
A pull back will definitely impact miners and it would be foolhardy to think Bitcoin price is just going to continue to go up from here.
have said my opinion quite a few times on this, but again, I do expect a pull back post-halving - based on profit taking. Bitcoin has done this every bull run and regarding of ETF support 'this time round' I fully expect dips after the halving, a period of consolidation (April-September) and then a run up to main bull spike around December.
Therefore I have been taking profits from my 6-7 miner stocks (sold in chunks of percentages on the way down). by April I will have sold 60-70% of my miners (90% of Argo) and will be buying back/re-accumulating over Summer during the **EXPECTED** discount period.
Cleanspark (CLSK) is definitely one to watch closely. Their market cap shot up from circa $1B in November to $3B currently.
They have around 14 Exahash which equates to approx $200K per Petahash which is higher than other miners. Definitely at the higher end, potentially overvalued.
Would be sensible to take some profits at least.
More good news for Polygon. a lot of strong partnerships now. don't think it'll go crazy this bull run but i'd conservatively give it a 3x from current price (same as previous ATH).
Wow, you're REALLY pushing this ETF onto this board Sinterklasse.
As myself and others have posted multiple times, this is a massively risky buy.. the closer it gets to the halving the more dangerous it is.
get accused of deramping or being a shorter for stating opinions, which have proven to come true.
Argo may get very lucky and recover but why on earth would you want to take the risk when pretty every single other miner apart from DMG have superior fundamentals going into the halving and beyond.
just over 1 month left for Argo to 'come good' before they earn half the revenue they were before, which is already a low amount compared to its peers... go on call us a shorter again bro-ken- etc. make my day.
The insightful ones who knew better than us long term Argo, holders saying ARB is going to rocket....
Don’t worry, I’m not going to reply to that cretin any more. Being called a shorter is hilarious.
I only trust/listen to the regular posters on here who have been holding since 2020/2021 onwards.
Everyone knows Bitcoin is going up especially later this year. It’s not rocket science. I’d say I’m more well informed than yourself given I’ve been in crypto since 2017.
There will be dips along the way, caused by profit taking and other market conditions. So yeah, saying “only way is up” is careless.
No offence, but saying ‘the only way is up’ for crypto, the most volatile asset, is rather silly.
For ARB, 90% sold pre-halving)
Selling 60-70% of my miner stocks, taking profit, just before halving and will look to buy them up at a discount during summer months ready for end of 2024 pump.
Bitcoin pullback, to be expected after a surge.
Some people seem to think Bitcoin will just keeping going up in a straight line. Doesn’t work like that.
No, we really won't. Argo is going to struggle getting to the 30s.
I'll gladly be proved wrong on this because I want the price to go up myself. But think ARB is going to kept under 30p leading up to the halving. Happy to be proven wrong.
17 Solana LOLLLLLLL a teenager with a bit of pocket money likely has more Solana than Argo.