Member Info for Money_nvr_sleeps

The inevitable BTC pull back. Let’s see how ARB fares tomorrow. Will we see 14p….

Not a good RNS lol

Reduction of debt doesn’t mean the company is going places, too little too late. Will be bust in a few months.

Yup @growth, that’s why a lot of people feel safer taking their money out/holding off from investing in miners until after the halving event has occurred.

No ‘fear’ whatsoever just trying to time the market.

That’s it though, I don’t think Bitcoin will keep going up.. people always say “it’s different this time”

there will be a correction sooner or later for sure.

*are fearful of the impact the halving event will have

As have said before, I’m expecting a pull back for the miners and potentially Bitcoin post halving. There’s no way this is going to keep going up.

The miners are heavily sentiment driven and a lot of Retail are fearful impact the halving even will have in a month, so are (sensibly) selling/reinvesting in Microstrategy amongst others.

Have sold 70% of my miner holdings (and 90% of Argo) waiting until April to review it again but fully expecting multiple miners to have a lower SPs during the summer months, which will ramp up towards December.

If those 3 fall a bit further I’ll be topping up.

At the moment I think Tier 2 is the way to go, lower market caps and more potential for growth.

IREN, Bitfarms, Wulf

I’ve actually done just that on the opening bell. Just sold another big chunk of my ARB holdings and put it into Microstrategy.

Argo's February operational update will be an interesting read that's for sure.

Without naming any names, the larger Tier 1 miners will only benefit when some of these smaller miners go bust after the halving... hashrate and difficulty will adjust accordingly

I believe one of the things holding miners back currently is there’s apprehension about the impact the halving will have, and rightly so.

Could well be that people are holding off or reducing positions in miners/profit taking leading up to the halving.

This is exactly what I’m doing as stated a few times, selling 60-70% of miners (90% of Argo) pre-halving with an expectation of volatility/price dipping of miners over the summer months.

Will re-buy at an expected discount over Summer ready for December onwards for the true bull run.

Generally speaking, I've found RNS's usually tend to make an SP dip temporarily... unless it's a REALLY bullish update.

It'll recover very quickly i'm sure of it.

The only person who is moaning is you Spitfire.

everyone else is giving their valued opinions on miners.

Tier 1 (leaders, largest market cap) Mara, Cleanspark

Tier 2 (mid-tier, lower market cap with high potential growth) IREN, WULF, Bitfarms

These are the ones I’m invested in.

Most people, including myself, are taking hits and selling at some loss (my avg. is 31p) and moving that into another miner to re-coop said losses.

Seems the better option other than sitting and holding ARB and hoping for the best, which as we know, post-halving isn't going to be favourable.

*not to

@dagenham I think it's best no to engage with THAT person. I've made the decision not to anyway, not worth the time.

just keep talking about Argo and other miners. we're here to make money that's it.

@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