Member Info for mysteryguy

Bitcoin only needs to go up by 20k or 50% and we're back up to £1.

You couldn't write it.....lol

Calm down folkes we are no where near even reaching £1 - Bitcoin needs to go in excess of 60k for that and let alone £2.

Longterm hold

:/

People taking profits at 65p lol

Flying in the states? lol you need to zoom out and see the trends further back.....
we are continuing to head into a downward trajectory unfortunately which is largely given by our poor company structure.

we produce a product (bitcoin) which we don't sell Noor do we generate any re-occurring revenue from. (only on paper) but have continued overhead costs that is largely outweighed by diluting shares in the way of fund raises...

Meanwhile Bitcoin is yet to decide if it is in fact a hedge against inflation, digital gold or a disruptive financial instrument to fiat currency.

all while PW and his gang could not care less. I wonder what they will inevitably do with their hodl? perhaps chop it up and share it with all of us? haha

He is

https://youtu.be/1utTEIWXOhQ

Something scary when you see 20k shares being dumped at this price. Suddenly the question 'Is Argo a ponzi scheme'? Doesn't seem to ludacris.

The biggest problem we face isn't if Bitcoin will continue to appreaciate in the coming years but more our aligment to Bitcoin. The longer we sit in a bearish position the worse our alignment becomes. It could get to the point where we will need a 100k BTC to merit £1.

Out of interest click lick if you will sell at £1

Splatted - doubtful and if so very brave

It appears to me that Peter Wall isn't infact bothered one bit about the share price of Argo here in the UK or across the pond. He seems to be using Argo as leverage to further exand his minning capacity to hodl as much BItcoin as possible. All sounds good until you ask yourself two questions.

1)where does all the funding come from?
2) what will eventually happen with all that Bitcoin?

Despite all these claims by Bitcoin millennials claiming to be crypto experts. Everybody wants Bitcoin to rise (hence the constant pumping) to then sell and turn it into Fiat. exactly what Peter Wall will do eventually but don't be suprised if he doesn't give us all a piece of his Bitcoin ( i mean Fiat currency).

Our aligment to Bitcoin just continues to worsen over time. Currently I would say 60k BTC minimum to merit £1 and that will get worse the longer we sit bearish. Yes we will probably hit new highs this year in Bitcoin (however brief) but as for Argo I think we would be lucky to go anything much over £1.20.

Good luck everyone in what is nearly as Binary as your average US pharma company in its outcome longterm.

Hurry up Bitcoin get to 60k so Argo can get to £1 and I can sell and rebuy back into the 50s we are too volatile now

Lse - dam bro you must have spent all day filtering through the comments to find my Max Keiser headline haha.

I can't believe Max is calling 220k by the end of the year for the second year now.

He got lucky in 2019 with his year end prediction he was 1k out but no more lucky then anyone else could be. Impossible to tell the price of Bitcoin.

All these gurus on their chart analysis and head and shoulder patterms are just second guessing.

Anyway i will pray for us to get back up to £1 in the course of this year so I can sell my remaining stack at even and be out.

Bitcoin Argo is one huge ponzy scheme never thought id say it but truly is

Limping - so what's our current alignment on Bitcoin to reach £1?

Looking like 40kBTC needed for 80p based on that I'd say we are now at 60kBTC for £1.00
Mass daily sells on any small rise doesn't help.
Everybody wants out. That fear of more dilution is scary.

On our current model it won't be that long until we need 100kbtc for £1. This is PW's milking cow. Imagine all that BTC he has.

Everything about Bitcoin is that of a ponzi scheme. Ramp it up sell out and get fiat. Nobody wants Bitcoin for any other reason then to get a sizeable return in fiat currency.

Teawith suger your spot on lol we may even see 40% daily rises in this bull run

Mr muscle - can you read properly before responding as your two reaponses make no sense at all....

Yes 20% in a day is possible and I remember those days but its all dependent on the price of Bitcoin and as Bitcoin is so volatile the market prices in this factor with a higher risk then other commodities.
As such our alignment to Bitcoin always worsens after any bear run. I can bet that the 50k Bitcoin / £1 Argo ratio won't hold out in the longterm. Furthermore it has become apparent that Peter Wall has no interest in the share price of Argo his couple Million shares he owns are nothing compared to what he will make from his Bitcoin stash. Not to mention he has no other way of raising funds then to further dilute.
ArgoLabs is just another PR stunt that isn't even comprehensible to the average person to understand.

Bitcoin will inevitably rise but my point is that we may not see our share price as high as we would have hoped due to the underlying factors I have highlighted. PW even said it 'quarters and years'

I hope everyone can recover their lossed in the years to come.

Goodness me this isn't looking good at all :(
I feel sorry for everyone including myself that got dubbed into investing in this ponzy scheme and everyone who fell for PW's deceitful lies.

This is a tragic outcome to us all and sadly I fear this could get even worse.Even when the bear cycle ends I don't see any huge bull run occuring. We are years away before we could get anywhere remotely close to last years high (not BTC) Argo I mean.

I will start a separate thread for anyone wanting to share idead/thoughts on other stocks where we can reclaim our losses. I only invite serious people.