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To KV3MC - I agree that PW is putting infrastructure ahead of rigs which in my opinion is prudent as when the BTC bear market bites rather than just nibble as it is now he’ll get the machines a lot cheaper and by then have somewhere to put them. Also he has alluded to takeovers so if other miners fall victim to the current bear market he could snap up their assets?
Re YouTube - George from Crytosrus is good but he's a Permabull. There's nothing wrong with that but for a more balanced view Benjamin Cowen's channel is pretty good. Look back at some of his older stuff which will confirm he has experience in the area. I generally take most BTC news with a pinch of salt as it's recycled to fit the narrative but Digital Asset News is worth the occaisional view.
Panic selling from FUD spread by those who want in all be it at a lower price is madness. Beat them at their own game and HOLD. What are you going to do if you panic sell? Well after the relief of watching it perhaps drop further you’ll be guaranteed to FOMO back in when it rises. If you think you’ve been burned you’ll leave and never come back but then try to cover losses on your next choice and repeat the same mistake until you have nothing left. Put yourself in the FUD spreaders shoes and feel sorry for the fact that they aren’t in and will have to buy in higher. Hold and be patient. If you’ve done your DD you’ll know why you should. Don’t put yourself through the anxiety of panic selling and then panic buying back.
Thanks Wisha is this HSSHF?
With hindsight I suspect, based upon PW’s dodge of the question in yesterday’s Twitter Q&A, that the application may have been in early on the understanding that it was highly likely that the $2 mark would be hit and sustained very soon. He could have said ‘that’s something in Argo’s future’ but he just avoided it. Much like Musk giving hints before confirmation of TSLA’s BTC position.
Just for fun I would like to see others predictions for ARB’s BTC mined for January. My prediction based upon the increase in difficulty from Dec going up and their 1 week of petahash increase is 85 As (down from December).
It’s bounced off 35700 this morning which is very close to support. IMO if it retests that level it will continue down. Share price this morning has to be triggered stop losses and accumulation. I would think we’re in for an interesting 24 hours. DYOR
The new machines will in theory increase the mining rate but as mining becomes more difficult as BTC value increases it will more likely help maintain current levels. Regardless ARB is still undervalued compared with other miners. The US seem to agree even if we don’t. DYOR