Member Info for Monkfish6

Thoughts on the reasons for the massive recent collapse and sustained weakness? Greyscale unlock or does the world suddenly think Bitcoin is a sham so wants out?

Shagged - and there you have it. Those numbers are ridiculous. At these prices Argo looks undervalued IMO given Hodl, monthly production, Pluto interests, Texas and increased production with added machines - unless there’s crap going on behind the scenes that we don’t know about.

Wgk - are you nervous or fairly relaxed about it?

Executed at 92.27p. If this doesn’t go back up to £1.50 in the next six moths I’ll be gutted. Pluto digital, new machines online soon I hope and Texas are all positives. However, I’d love to hear when new machines are scheduled to go online. I did think it was worrying when the previous order was cancelled by the other party and in the RNS it was very much brushed off. As it turns out this delay will cost Argo millions. I think until there is a really positive monthly update with actual detail about the machines this will be really exposed. Hopefully though, a positive news flow will change sentiment and we’ll rise well. Get Greyscale unlock out the way this weekend and if BTC can stay above 31k I think nerves may settle.

Is the market aware of something the retail investors don’t know about? This fall of grace is spectacular to say the least. Unless something is going on behind the scenes I just can’t work it out. But I have dipped toes again today. Catching falling knife is dangerous but this just looks overdone. Sensible thoughts?

Guys, can we keep the pie in the sky predictions to a minimum please. £10, seriously, it’s 46p currently. Just a twenty bagger from here then, nonsense! If we get to a pound n the next twelve months it’s a great result.

Could the SEC be deliberately delaying all crypto related applications? The time delay here from application to listing has become laughable given the published guidelines. It’s all very suspicious.

Bang on Dadsbatty. We never met requirements for Nasdaq application. PW was definitely disingenuous via gestures but not words IMO. Very sly indeed but Bitcoin uncertainty is the issue. These falls are precipitous but might get worse and mirror those of the US miners. Institutional investment certainly hasn’t stabilised Jack here. I think the Greyscale unlock is key. It could bring about a bloodbath and if so we will sink hopelessly. Oh well, bottom drawer or bin for these. Bad luck for all the true investors especially those who jumped onboard late on. What a shocker.

Great post from RC yesterday, but I have to say things are getting very hairy in the crypto space now. Eth crashing along with Dot and Bitcoin dropping overnight. Grayscale unlocks Friday - is this FUD associated with that? We will no doubt drop lower at the open. Irrespective of the fundamentals here this is getting concerning. The bull run is over - anyone saying otherwise is talking nonsense. The flow model for Bitcoin is definitely not right. Gutting

Sorry guys but I was enquiring about the potential extra hash rate the next lot of rigs are supposed to give rather than the effect of the reduced difficulty. I thought the new rigs were supposed to be getting installed from now and was wondering how much are numbers will go up because of that.
As far as Texas is concerned I think it’s pretty likely there’ll be a lot more borrowing involved before it cones online. Either that or a fund raise. We really need a BTC price increase but I can’t see it for now.

I was under the impression that this was basically ready. Was it not suggested that the NFT would be launched inJuly?

Whoops, clearish?
All these apparent developments are not happening in a timely fashion and the SP is losing momentum as a result.

Can I check again what the total hash rate will be in the next few months and the amount of extra Bitcoin Argo will mine monthly and likewise how much hash rate will the Texas facility provide?

Anyone have a cleanish idea on release date of first NFT?

You’re not wrong. I was unfortunate enough to buy into Bidstack about 14 months ago. The CEO ramped horrendously, then has underdelivered horribly and been in a bunker ever since. It’s the Wild West for sure!

Hexham, I appreciate the shareholder engagement that’s shown and know how refreshing this is. However, my issue currently is the actual quality if the engagement. In the countless Q and A’s what is he actually revealing? It’s all very catchy but not concrete information.

Obiwan I couldn’t agree more. There’s a lot of headline catching wishy washy statements but no clear information right now. When will the new machines be online? When will Texas be up and running? What are the loans being used for? Are they applying for Nasdaq or not?

I’m starting to get a bit nervous about Argo I must admit. This is the lowest the SP has been for some time and it keeps drifting lower. If BTC drops to 30k again this really could hit £1 which seems ludicrous to me.. Fairly heavily invested here so won’t be selling now and thankfully no pressure to do so but we definitely need a catalyst. Either bump BTC to 40k or confirmed new machines online and monthly production numbers to support it. Have they actually broken ground in Texas yet?
If not then talk of completion Q2 2022 is nonsense. It just won’t happen. Likewise Nasdaq listing hints are starting to make PW look shady.

Like Chaebol, I feel misled, and exploring means nothing once more. Ultimately, I’m happy because it’s a highly profitable company and will continue to be moving forwards. However, I’d like to know when the new miners are coming online as clearly that’s not happened yet even though PW assured us some machines had been added already after the previous order cancellation. To be fair, I think old Peter is starting to come across as a bit disingenuous. I do hope they use the 110 million dollars already available via loans to build and fit out Texas without more dilution and then actually apply to Nasdaq for the start of next year - q2 latest. Otherwise we’re really going to be left behind by the other miners and I can see to SP languishing at under £1.50. If all these ducks end up in a row then £2.50 is definitely achievable IMO. Talk of £5 by various parties at different times has always looked like pie in the sly to me.

If, and it’s a big if that is the case then this is as likely to be a negative sign as positive?
Of course, the Nasdaq bandwagon will start to roll immediately I’m sure but this “headline” is pure speculation.
I’d love to know the reliable source.