Member Info for raharh

Riot up 10% after hours
Mara up 7% after hours
BTC through 33,000

So already expecting 82p open, if BTC continues overnight and breaches 34,000 then 90p might be more realistic.

With the futures, conference next week and results on Wednesday we may all feel a lot better this time next week.

I remember when there was a social media campaign to stop X-Factor getting the christmas number one which resulted in Rage Against the Machine getting there - a lot of backslapping on social media.

RATM were also owned by Sony who own Syco (Simon Cowells label) - so the campaign helped the corporate giant get the number one and number two with record sales.

We are all pawns trying to get the scraps .......

I believe it refers to the mining of ZCASH converted to BTC (so what is equivalent of ZCASH as BTC).

TBH - its a question to ask I think at the next QA as I dont think we HODL it, I think it is cashed straight over.

My understanding is that Argo convert ZCASH straight to BTC and therefore it is the relevance of the ratio to BTC. So if ZCASH goes on a run whilst BTC held at $30k we would just get more BTC as we buy it with more ZCASH revenue. So a 10% increase in both is actually neutral from what I can tell and actually if BTC races ahead the relative of ZCASH reduces (and vice versa).

I may have dreamt that - but thought it was on the board or from PW - so we dont HODL any ZCASH.

@AIG - we conversed on patterns and trading to accumulate the other day - tried it with a part of my holding (7000 shares) yesterday and today

Day 1 : +228 shares - very happy - 50 minute gap
Day 2: -213 shares - hmm... I held off selling and it dropped, I held off buying and it went up - 2h 20m gap

So it can be done if you are disciplined and can spot patterns - today I could have rebought with +150 shares but I think I got greedy and it was my downfall.

So 15 shares up over two days (whoop whoop) but it was more fun than just reading the boards and refreshing share prices!

Will have another go tomorrow - just to get the blood pumping whilst I am working!

Also, this is further proof of the rise of DEFI - article below from Bloomberg

https://www.bloomberg.com/news/articles/2021-01-27/scaramucci-says-the-gamestop-phenomenon-is-positive-for-bitcoin

@Wolster couldnt agree more - watching the evening TV is becoming increasingly difficult on an evening with the mobile next to you on Binance and there is nothing you can do anyway whatever happens!

I am trying to wean myself off it at the moment - cold turkey didnt work .....

Hmmm .... Interesting - I hadnt thought of it like that. It depends on your time horizon - those wanting a quick 30% / 40% want a BTC run to get there in a month. Those in for longer would benefit from what you say. As we now have cash reserves to pay the bills every month we should be able HODL almost all mined BTC.

The other element is that if BTC holds around this level and ZCASH goes on a run then we get more BTC for ZCASH mined as it is converted to BTC so that could also be a benefit.

Sorry I meant +10% if you get it right.

AIG

I have seen that and was going to trade a portion of mine today (sell and rebuy) to accumulate but I bottled it. Will keep trying to pluck up the courage. It’s a way to accumulate 10% if you get it wrong but lose x% if you get it wrong.

Same happened on Friday.

Agree - they have done us a favour - $150m of BTC in sticky hands now, hopefully they can do another and dilute their stock and keep buying BTC.

Works for me.

You cant mine if you don't have the rigs ...

Totally hypnotic at times. Makes watching the TV on an evening quite difficult if you have your phone next to you!

Looks like we are through most of the news that depresses the SP from the company (Warrants / Placing) and so now should be in open waters if BTC can now do its thing. I am going to be up at 7am sharp next Wednesday awaiting the operational update - most anticipated one so far this year (okay its only the second one!), one week of new machines may not have a major impact but I am keen to see if we HODL all the BTC mined and use cash reserves and what the mining efficiency will be.

Frankfurt sat at 88p (.99) hmm... low volume but we always seem to lag both exchanges. Not bothered particularly as in this for more than the current SP but it is slightly annoying !

Weekends are more interesting being invested in Crypto. BTC above Friday close at moment so I think we could see open about 85. Retrace to 79/80 and then build back up to 85/90 with US market open into close unless BTC falls back below 31.5.

That’s my guess, unless we get a surprise RNS, then who knows!

Amanesia - held off as long as I can.

Dont let him / her get under your skin, you will notice they never reply. It is relentless and was amusing a couple of weeks ago but now .... oh my .....

Confidence in the holding - Zengah cannot impact the SP and I am sure no one would ever buy / sell based on anything said if they just read a days worth of posts

There is a key difference between UK and US though isn't there.

In December UK had 300m shares held at c.10p, that was never the case in US, went on a run straight away and I believe hit $1.99 and had a steady day at $1.82 before the exchange went down.

So movement from the UK to US or UK to UK is to be expected - thats a lot of shares to change hands in less than a month at a net level (some will change hands multiple times) and so there will be more selling in the UK on the current drop if they see there 10p 10 bagger eroding to a 7 bagger in three days. Not everyone is on LSE and the profits will be a lot to see bleeding.

So panic can become self fulfilling in some respects for those holders.

The silver lining is that based on the volumes a lot of those loose hands will dissappear soon and so we should be left to move on up as we also have a large cohort of holders at 90p plus.

Institution buying 22m at 80p is a signal enough for anyone worried - they are not here for 10% .

So £2 in Jan is probably off (we nearly rocketted there :-) ) but it isnt off - but when..... lets get the machines running before our competitors and see where BTC goes so we can increase our HODL.

I am in ARB (Jan 4th) and KR1 (18th Jan) and these are my only two Crypto stocks and I think they both have legs for different reasons and no reason to play them off - two different business models and they both will have upsides / downsides. I think ARB will prosper more short term with rise in BTC and increased mining and it should settle much quicker - the US listing has helped the SP but I am not sure the straight to margin increase in BTC has been fully recognised - appointments in US will help with investors but the recent dilution (including placement) does mean there has been some selling that has retraced the price - I always intended to hold to March results once all mining rigs up and running and to see where BTC was and nothing has changed that.

On KR1, whilst the assets it holds currently outweigh MCAP and it has (I believe) 5.1m per annum income it feels really undervalued. So whilst the BoD have an eye for investment in crypto and have made some stellar calls, the current calls will take years potentially to mature. What I am struggling with on KR1 is the shareholder value generation strategy - why not move to a more accessible listing, potentially liquidate some crypto to pay a small dividend (£13m would pay a 10p dividend for less than a 20% liquidation I think and that is high as a dividend) - in short I dont see the action currently to increase shareholder value (that is increase the SP) as the market can only react if they are known about and the stock is accessible. My understanding is that they are holding shares as salary (I may have misread that) and if so this is in their interests also so that bit does puzzle me.

I think ARB is straightforward now - BTC price, mine and be the most efficient and generate revenue but KR1 is a more interesting investment vehicle - I just need to square in my head how the returns happen from where we are now - what will actually push the SP on - if Polkadot doubled and the BoD liquidated some and reinvested the SP doesnt climb without a stimulus that allows more buying - any comments welcome!

Botak
Very new here (this week) and can see the value, as it is AQUIS (which is new to me) I am not totally sure of the reporting etc... and have read everything I can find thus far. The move of ARB to OTCPNK in US certainly helped there in the last month. Has the BoD indicated whether there is any intention to dual list in US and / or look to move to AIM (or an equivalent) to provide more access. Luckily I am with EQI and it is easily available so have taken a position at the moment but wondering if you could point to any collateral with plans towards listing an alternative markets.

Zen - keep up the positivity ! Possibly every message on the board today will be positive - makes a change from the week and Mr Gibbons

I think a BTC consolidation at $37k to $39k has been good and if it can hold I can see $40k next week, not sure about $45k. The fact we havent suffered a massive retrace and there was quite a hard bounce of $30k was positive.

I am now resolved that my next excitement will be the next operational update based on the new BTC level.