Member Info for Money_nvr_sleeps

Spot on Hexam.

the 21.4 sell I got yesterday looking like a decent price considering. Hope for everyones sake this recovers, but if it does it'll be more sells from me to reduce my overall risk/holding.

Done a 10% sell at 21.45p

35p was my main sell target but I'm now going to sell some in the 20s, hoping for a slight price bump this afternoon, when NYSE opens based on ARBK at $2.90 pre-market.

that money is going straight into Mara, Cleanspark and IREN.

Yup Kaspa (KAS) definitely worth a look. It's the main coin i've been buying up this bull run.

As well as topping up Polygon (Matic), Polkadot (DOT) and Chainlink (LINK). Have Polygon & Polkadot staked the past 4 years earning some nice interest.

Most investors in PREM know too well not to jump the gun given the companies consistency to miss targets.

I'm half-expecting the mill to not be working or some other issue. anything better than that is a bonus lol.

When it hits $30 soon I'll be taking some off the top.

will likely see a BTC pullback between now and the halving so will add more when it drops. and i'll be selling half my miner stocks just before halving event and review pricing, expect a few dips post-halving whilst miners adjust, ready for the run up to Round 2 in December.

Funny thing is I just saw he updated posted that he sold his Mara on Jan 24th "waiting for lower levels to buy"

He bought at $14 and its currently pushing $29 oops.

Blonity knows where it's at ;-)

He took a break from the YouTube vids, but I took this from his latest Twitter post in January;

"Bought some MARA. Just for a bounce."

6:17 PM · Jan 19, 2024

"Think like a Whale" haha

That's the exact same video I posted on here the other day Wayne90 lol, but thanks.

It's definitely a good overall analysis of the miners as a whole and explains reasoning WHY Argo is struggling - particularly so after the halving - Sebastian gives them 2-3 months to survive, could be a bit OTT but holding Argo after the halving just gets riskier and riskier as they have a good 6+ months post-halving to get through before the expected true BTC pump.

It's madness how some people still think this is a good buy.

far better miners out there to benefit from the BTC rise.

I'm getting out of this at 35p, which is probably a big ask price wise right now but breakeven is 31p so holding out for it. the 30s is around the top end of where this SP can go. The moonboys calling 200p clearly haven't done any research.

To back up the points myself and others have been trying to make on here, see recent analysis by well respected miner analyst Sebastian gives full details - https://www.youtube.com/watch?v=XxyGGalCH6g&t=948s

Key analysis from 4.55 onwards..

"Based on 'months of runway' i.e. all costs, cash on hand, assets. If the halving happened tomorrow. Argo would be able to withstand maybe 2 months without having to further dilute SP or take out loans to stay afloat"

Net Profit After Electrical Costs - "...the ones that would be in trouble, Argo would be on negative $1 Million."

Post-halving, if there is a reduction in overall hashrate (mining difficulty) "Argo would be able to survive 3 months"

$50K Bitcoin would not be profitable for Argo. "If miners are not growing leading into the halving event AND reducing their costs/being as lean as possible, they may have a hard time going through the halving event."

"If Bitcoin is at $60K, Argo still has very high expenses"

@Hexam honestly at this point I think we may as well just leave people to lose their money if they're so committed to doing so.

as has been said hundreds of times on this board, Argo does not have the business fundamentals to survive longer than 6-12 months, even with Bitcoin at ATH. There is money to be made in Argo in the short-term pre-halving, but after that there really is no justification to choose Argo over pretty much any of the other miners, all of which have superior exahash/upgraded equipment/HODL/and greatly reduced debt and even turning profits.

Not one ramper has given a business justifcation on why Argo will survive outside of Bitcoin pumping, which as we know still won't be enough for them to survive.

@Hexam I'm amazed you still have the patience LOL

Holding out for 35p.

The key part of all this is how long it will take post-halving to Bitcoin rally. this is a critical phase for the likes of Argo, because if Bitcoin is the same price for a number of months, they are really going to struggle.

this is the point I have been making. other miners which are actually profitable and have Bitcoin in reserve to sell for profit if needed (instead of Argo's need to dilute SP to raise funds) + those which have a higher Exahash AKA higher computational power are in a much stronger position than Argo.

Based on previous BTC halving events, it COULD take months between the halving in April and the bull rally to kick in. My personal opinion is we won't see serious Bitcoin movements until the end of this year with the true bull cycle being Dec 2024 - end of 2025.

As do I Bowlers. Hence being in Mara and multiple other miners for a few years now.

@Lotto - thank you. Someone who understands bitcoin miners. Good reasoning. Have said similar myself but get slated as a deramper for stating facts.

Anyway, nice to see a Bitcoin rally which means everyone benefits, even Argo for the short term pre halving. I’ll be offloading some more anything above 31p if it gets there.

Let’s all pray the mill works with no set backs

As I’ve mentioned and others have too, HODL is massively important both in a bull run & even more so in a bear market.

Bring it on. Everyone benefitting from this BTC pump.

If Mara do go for that it’s happy days all the way to the bank lol

Will seriously consider taking some profit between now & the halving