Member Info for swans

Good set of results for Argo.However I wouldn’t be so dismissive of other miners.
https://www.kiplinger.com/investing/cryptocurrency/604079/crypto-mining-stocks-with-massive-upside-potential

Just shows how important it is to hodl.When a commodity in demand gets scarce and more difficult to mine then you know where eventually the price is heading.Bitcoin miners need to mine ,buy and hodl as much as they are able.The 2024 Halving will come round quick enough.Difficulty goes up 50 percent and bitcoin price rises in respect.atb

6 months is a long time in this game and then who knows will there be any more delays.However I am happy with my Argo holding and will continue to hold.

https://www.coindesk.com/business/2021/12/02/hut-8-sticks-to-its-hodl-strategy-after-mining-265-bitcoins-in-november/

Hut8 will bounce back especially with these new low cost nividia chips in their miners approx extra 2 bitcoin per day.atb

Nice article but unfair to Hive with numbers quoted.Hive hold a lot of ethereum and are fully funded for next stage of development.So the 30x is well out.I do agree though the reason for mined bitcoin being down due to installation of new nividia miners which are cost effective $3000 per bitcoin.
https://www.financemagnates.com/cryptocurrency/news/hive-blockchain-reports-quarterly-revenues-of-52-6-million/

https://www.newsbtc.com/news/bitcoin/whales-fill-up-on-bitcoin-while-broader-market-panics/

Looks like a case of FUD since Fed are meeting tomorrow.Bitcoins holding up though even with Mt Gox and everything else that’s going on.Whales are still hoddling and institutions accumulating.

The old adage is sell on news hence the slight drop.This does however look compelling and maybe we’ll worth a punt.Agreed for a longer timeframe though.atb

https://www.bloomberg.com/news/articles/2021-11-17/bitcoin-needs-to-drop-80-before-marathon-loses-money-on-mining

https://mobile.twitter.com/thinklikeawhale

https://seekingalpha.com/news/3770828-marathon-digital-stock-falls-farther-after-it-discloses-sec-subpoena

Canetoad I hold six miners including Argo.Less stress.You might make more money in the end or maybe less but at least it’s spreading the risk.atb

https://cryptonews.com/news/bitcoins-major-upgrade-taproot-set-for-activation-this-week.htm

https://cointelegraph.com/news/bitcoin-soft-fork-days-away-as-taproot-upgrade-closes-in
Another upward spark for bitcoin and hence the bitcoin miners and probably the alts as well.Only days away and a game changer for bitcoin.atb

These comparisons are pretty pointless.Comparisons are not making money.Very happy to hold Hut,Hive and Mara.I like what they are doing and where they are heading.I also like Argo too and will be patient but at the same time need to take full advantage of this bitcoin bull run.

Looks on the cards so more important now to use Sipp and isa allowances.Also for CGT can make use of wife’s CGT allowance.The curve ball would be if Rishi Sunak cuts CGT yearly allowance.Regarding ARB would like to see everything eventually amalgamated on Nasdaq i.e off lSE and OCT.I think it would attract more investors and be more positive for share price.Also new rigs should be up and running end of Oct we were told.Ethereum upgrade Oct 27th and Bitcoin big upgrade (Taproot) around Nov 12th.

https://seekingalpha.com/article/4459400-riot-blockchain-overvalued-and-inefficient-mining-company

I think even smaller shareholders have a strong voice.As individuals we are weak but together we have a lot more power.If I wanted peanuts I would have bought a monkey.This is a once in a lifetime find as Hydrogen said so hopefully we don’t sell.atb

Chuz why don’t you just spread your risk.Mstr to track Bitcoin and other miners like Mara,Hut,Hive and Bitfarms who look good for future growth.You could also invest in bitcoin or ethereum directly.Argo will come good but I would only hold it as part of portfolio.Less stress.atb