Member Info for the_Chuz

Interesting,

Sky news "Rishi Sunak to launch an NFT issued by the Royal Mint to help make UK 'global cryptoasset hub'"

Sounds to me like he can see the enevitability of crypto and wants to get in early to help shape it, by shape it I mean gain some control over it.

Reminds me of Rothchild.... Give me control of the nations money supply and I care not who makes the laws..

Either you have to ban it or embrace it, you can't "let" it happen else you will find you have dwindling powerbase.

"Can anyone see any positives in the indian 30% tax on crypto?"

Governmental legitimisation of crypto as genuine assets that can be taxed.

For crypto to be properly accepted it will need to be taxed and a framework set up for it.

It is enevitable that governments will tax it, why wouldn't they, if you can tax the sale of a house with stamp duty, or you can tax capital gains on bullion etc then it's a must for crypto to be taxed if it is to be properly recognized.

If the government's can get thier hands on more of your money then they might even facilitate its use so they can have more of it.

Poorinvestor

"Just sold
96,999 shares for £72,771.40 @ 75.03. Time 16.29"

Whats changed for you? I thought you were a £2+ guy

"Is there consensus ETA on when funding will need to be required to pay Bitmain and/or Intel?"

No one knows as the strategy has become less clear.. Are we increasing hash rate or consolidation locations of machines.

I am sure we will need money to pay for the 20k machines but after that only argo know.. Transparency has gone completely.

"Market doesn't seem to care about earnings, it's all about future hash rate promises according to miner market caps."

Been saying that for a long time now which is why moving machines to Helios has little affect, without increasing hashrate Argo will go backwards

"A good Helios rns will send this towards the £2.00"

And the corresponding financing/funding announcement will take it back to 100p.

"I'm selfishly hoping Argo's price will remain beneath £1 over the next week and a bit so I can fill up next year's ISA at these bargain basement prices."

Surely just buy now and pay 80p if the concern is it staying under £1 in the next week or so. Full cgt would be 28%..

So Assuming You've already used your 12k capital gains allowance, you could buy the lot now at under 20% to your 100p target..

Basically 8% potential risk which is a day's movement.

I Wouldn't let the Isa stand in your way.. Don't you have millions of these anyways?

"Shouldn't this be over a pound now.. onwards and upwards"

For what reason? Have we increased hashrate or sorted out funding?

The miners in general should go up with btc increasing a bit but it's kinda rubbish that it's really just the price of btc that makes it a good investment or not... I'm leaning towards more just owning btc and removing the 3rd party risk and enevitable dilution.

Back to 65 please then I can press the ejector seat button

It needs to break 44/45.. Not sure it will as its bounced back off 45, you never know what games are played though so it could drop like a rock or shoot up.. Needs to get past 45 properly though

Moment of truth for btc.. Will it break 44/45 or slide back down to 38. My money is on the later but fingers crossed, we need some juicy news to push it past 45

Only tea leaves, Btc treble top I reckon, 42/43 has been batted back down previously, no reason to think it won't happen again without *something* changing.

Plus I sold a bunch of riot in anticipated of a drop and buy back so it must go down now.

"Mara storming it. Yippee!"

Unless there's some extra news for btc adoption tonight I expect a pull back, by pullback I mean decent drop in btc. I lightened my load a little bit in anticipation of it.

"I remember when I first bought Argo at 82pish when Bitcoin price was 32k USD.. this is silly price bc is at 42k IMO"

What was the difficulty back then, how many shares were in issue? Was there a projected hash rate increase?

"I’d confidently say that the discord as a collective has more capital outside of Argo than inside of Argo, not to say our combined position of ARB/ARBK is insubstantial, it is actually quite high."

Sounds like borg talk to me

"Once the Texas mine starts mining BTC, investors start seeing the value, the sp will rise dramatically"

Its all about hashrate.. Not efficiency, not green but hashrate.. Argo have basically said they are keeping the same hashrate to what has been public domain for a long time.. That will of dissaponted a lot of potential investors..

People have been working on a 200mw facility, a 60k machine increase, not just consolidating existing hash under one roofb(+20k miners STILL to be financed some how. (

"Not 1 single post through all the trading day..... has everyone gone to this QBT"

Theres just mothingnleft to say.. Unless the company releases some news on increasing hashrate then its just going to die a thousand deaths because it will just get left behind.

I know a core group on here think otherwise and every duff rns is span as something great but you just need to look at the share price to get the real answer on how other people interpret the RNS.

The volumes are truly awful because its not as attractive as other miners. The IPO really did put a knife in, the price of btc has turned the knife and the lack of any clear funding plan or growth strategy has made people just step over the slowly bleeding body.

It can all change with one rns, but they need to release that One rns which they keep on avoiding.

"This really is the biggest dog in the BTC mining, dirty rampers all gone now"

It kind of is at the moment, then only thing worse than than be diluted with funding is no funding at all, no increase in hash rate just a nice shed

"Thanks for the show of hands to my post today.. 10 likes (also holding QBT)"

Its for trading only really, its a failed leisure company with nothing particularly great to offer except the vast quantity of shares in isdue. It has an annonoymous crypto stig that works his/her magic... Its all pretty much just nonsense, just because something gets patented doesn't make it anymore worth while (I've had electrical designs of my own patented, I'm none the richer or wiser)

It is your typical penny stock which attract the dreamers.

The most interesting thi g about it is its company name and ticker, I would say that's the most valuable part.

It's a good share to

"2. Construction Speed
As above."

Gotto admit I thought they were further ahead than it appear they are, I was under the impression they were running immersion in in one of the new hangers albeit at trial stage... Doesn't look like it though from that video.. Nive only watched a bit so far

"Air cooling when Texas is mostly dust.. is a bad idea."

You really should email them, I bet that has. Completely slipped thier minds the fools.