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"If I wanted exposure to the cryptocurrency market, I would look at Argo. Since I’m not looking for that exposure, the current Argo share price doesn’t tempt me."
The author doesn't want exposure to crypto. For those that do Argo is a superb choice IMO.
All of this discussion comes down to that. You either believe in crypto or you don't.
If you do, or are unsure, then this is a good place to learn more. If you don't then pls go off to a BB for a sector you are invested in. Simple.
Spot on Just_the_facts.
In terms of getting to a $1bn mcap how about this:
1. by year end the company owns c. 2000-2500 BTC
2. the price of BTC is $50-$100k meaning the value on the balance sheet is anywhere from $112m-$250m
3. the company remains debt free
4. running costs of the business have been provided by the working capital currently in place
5. Pluto has gone to IPO - there is therefore a tangible value to ARB's share of that business
6. There is increased regulation around crypto (ie $10k transfer reported to IRS) hence further institutional buy in
7. US ETF approved
8). DE market adoption based on 1st July opening up to managed funds
9). Texas facility progressing on time and to plan - further details released as to how this will maximise shareholder value
10). ePIC deal has come to fruition and as such the new miners are in place and ready to provide competitive advantage over immediate comp such as MARA and RIOT - some investors see this and switch out of these miners. both of whom have mcaps greater than $2bn currently.
Do any of those 10 points seem crazy wild? It is how I get us back to £1bn mcap and beyond.
Indeed Bonker. MARA bought c. 1,000 of their hodl - looks good on the balance sheet but they have catching up to do re monthly mining numbers as I understand it.
TBF they do have a large number of machines due to come online in Q1 next year but we are ahead of them currently.
Indeed Taiwan.
In Nov 99 Amazon SP was $94. By July the following yr it had fallen to $30.
I imagine many people would have said then it was all over.
Today it is $3,203.
In simple terms even a $50k BTC equates to c. $1bn liquidity/revenue by year end based on c 2,000-2,500 BTC hodl at c. 80% margin and excluding anything from other areas such as Pluto.
MCAP currently £472m.
IMO the only way the SP cannot rise from here is for BTC to fall significantly and stay there, or for our ability to mine to stop for some reason. For each of us to make our own minds up about the likelihood of either of these scenarios to happen.
Not sure if this was already posted but is worth a watch IMO - super smart guy, good questions around all the FUD and a forecast of BTC at $307k by Oct. Which would be nice....
https://www.youtube.com/watch?v=Y_cViC7PSN0
tough not touch!
Morning all, hope all good,
Obviously been a touch week or so. If we recall Cathie Wood referred to the 'Capitulation phase' in her interviews last week - believe it comes from this graph https://www.arborinvestmentplanner.com/wp-content/uploads/2012/10/TacticalAssetAllocation.jpg and should mean we soon get through the Despondency and Depression phases before Hope, Relief and back to Optimism.
Other smart views suggest this is not a bear market (despite the FUD) and is just a period of consolidation https://www.youtube.com/watch?v=0j_-Dv_SYh4 before the next move upwards.
Worth remembering these things when we have these mental tests. Difficult to do but people like George suggest this is huge buy signal.
ATB
RC
It may be. But pls understand most of us here get that and are irresponsibly long ie invested for the huge returns that come with a proper long term view. This week or this month is irrelevant.
If BTC goes to $20k that is in all honesty expected to some degree. We will buy.
Oh and thanks for your concern but everyone who invested in BTC and held for longer than about 6 months is up. The same is true of ARB.
no i do not spend it - are you mad?! far too valuable to spend.
i hold (or hodl) it, just like gold. except unlike gold I earn 5-8% interest on it.
It is fine not to understand it drlong. Not everyone has the mental capacity to get it or the open-mindedness to even try.
But it is strange (and indeed rude) of you to keep coming back to a BB about something you do not believe in.
I have never been near the Philip Morris BB for example and do not intent to.
Hope you find some fun in your weekend but somehow I doubt it.
ATB
RC
Not sure where than random capital P came from
Saby was that you?
My understanding is you are always on the guestlist CornishPirate.
I believe Partly because it is useful to have a Pirate on the Island to warn off other predators - you know the sort ;)
Is that the Winchester on Delacey Island?
see you there Monkfish
I have no idea what Saby or Pearls are saying but love the replies!
longforecast has btc rocking around this level for the next 4-5 months, picking up in Q4 to close yr at c. $55k
And then $60k+ Q1 2021 and over $70k by April next year. Just in time for our full year 2021 results.
spinvet could you pls share a link, thanks
Exactly bonker99 - great point
Most industries have a 'tax' of some form that supports the industry in some way shape or form, e.g. the recent digital advertising tax for the likes of google and FB
Easily solved.
well said Teawithsugar although after this week I feel more like a teawithvodka
I think many of us here feels this is a set of orchestrated moves to transfer BTC from PIs to IIs at favourable rates.
How it plays out precisely we can never know, but it does feel to me that the IIs want to load up at the $30k range and once they are done they will let it fly. Maybe it will go even lower than that.
Unfortunately for us PIs it can feel a bit disconcerting. A bit like the morning after a 36 hour bender on Delacey Island.
When I first bought into ARB I was brand new to crypto and was to some degree nervous re BTC potentially going to zero. But as I have learnt more I have lost those nerves and genuinely see this as the future. In some ways the volatility becomes like a game rather than real.
It is worth remembering we have had 4 incredibly positive bits of news this week that have got a bit lost :
1). That BTC is to become available in US banks
2). The Yellen call for the IRS notification on $10k transfers = that is a big move to credibility from potential ban IMO
3). The further pressure on CN miners, ie good for green N.American miners
4). Confirmation than funds will be buying ARB on or around 27th May.
Personally on reflection of the YT videos I would have liked to have seen more focus on the ARB's future direction and scale. I am hoping this will come in the next series.
I remain incredibly Bullish on ARB not only LT but also for H2 2021 given our hashrate increase coming online. Personally I have held and will buy a lot more on Tuesday when my bonus drops, but each to their own of course. I can understand why some people had to get out this week. This crazy ride is certainly not for everyone.
Good weekends,
RC