Member Info for the_Chuz

Rns

"The next phase of construction and build out of essential infrastructure are ongoing, with a projected completion date in the first half of 2022."

So not completed in February then as some here were convinced of. Just the first half of the year (as I said) which I see as the end of the first half so so around June time all being well, then connect up some machines (hopefully with overlap), then trial immersion and sort out the gremlins, so 3rd quarter.

So me calling the bottom at 42,300 didn't have any effect, I don't know why I bother. 41,690 now (just for Kev)

Btc price update.. Its just gone green 43,448!

"£600k delayed reported buy at 85p+,"

600k of delayed buys and the SP is still down 9% wow there must be some significant selling then.. OR the 6800k of delayed buys are actually sells and reported as buys because they sit the wrong side of the mid price as is usually the case with volatility.

Don't believe everything you read.

Buy the dip but don't catch a falling knife be contrian but don't get suckered into a dead cat bounce.

And above all.... Don't lose money, preserve your capital but when there's blood on the street then buy buy buy.

Another 8 % down.. That's over 20% gone in less than 2 sessions.. Painful

Where are all the dead cats when you need them

@Hexam

"$100m for the land?? Where does this come from/relate to? Though pricey I thought the Texas land cost a lot less than this. Unless I've got your meaning/question wrong?"

Ooops my bad, yes I'm completely wrong there I've been looking at too many numbers. You are correct it was about $20mil for the land which some have said is about 100 x what the" going" rate was. I've mixed the two together and messed up.

$20 million for the land is right hanks for the correction

@rory

I think the question for me is.. Would someone pay in excess of $200million for the Helios Plant, that's 100 mil for the land and 100mil building... I genuinely don't know the answer to that.

"And don't forget the increase in hashrate to 12.8eh by q4 without the additional Benifits of 200 mw of immersion s19s

And the 300 million costs are already paid for and I reckon they have around 200mil in the bank.
"

Oh and on top of that they also host 200mw of other people's machines!

And don't forget the increase in hashrate to 12.8eh by q4 without the additional Benifits of 200 mw of immersion s19s

And the 300 million costs are already paid for and I reckon they have around 200mil in the bank.

It's what I mean about Argo not being able to compete

"Bitcoin hash rate and price are very closely aligned historically, to suggest otherwise is false. Unless you have a plausible reason to expect global hash rate to continue to rise irrespective of bitcoin's movement?"

I think it will be price led I. E. The more a btc is worth the more go after it.

So I think there is a relationship but more rear view mirror than predictive.

You all worry too much..

Buy the dip
Youve not lost any money until you sell
Look where the smart money is going
Dont listen to the fudders
They want your shares cheap
Zoom out
Blah blah

@Reptilian

"This is the 1st share i ever bought and though i was the next warren buffet last feb :D"

Happens to us all ha :)

20+ years ago I started share trading, typically holding for a month then selling.. I was making between 20 and 30% a month investing in mining stock.. I thought I was the dogs dangles I was even ready to quit my job... Turned out I was just riding a significant commodities bull run, from diamonds to gold everything was going up and then it reversed and taught me a few big financial lessons especially with CFDs.

@anditsgone

"At which point the expansion plans will be at risk, because any potential raise will decimate Shareholder sentiment, yet capital will soon be needed to fund required expansion and new machines"

Youve gotto love the irony though, the whole quarters and years, slowly slowly, smart growth nonsense have actually left argo quite exposed. Without any further orders it still needs to find over $50 million just to pay for the 18k machines they have ordered.

That money has to come from somewhere, bad time to sell btc, bad time to try and get a loan secured on btc... Better issue some shares... And it will still leave us woefully behind the 12.8 eh that riot have paid for already to be installed by q4 (along with 200mw immersion gains)

It's just not looking to good for argos ability to compete

Bah... BTCS will be paying a divi in btc.. Up 43%

Now if riot or mara were to do that they would go to the moon.

I would change my opinion if the miners decided to pay a 5% dividend.. It would really change the investment angle

@Chaebol

"LolWait until you get a hernia In one like I did, wheelbarrow wasnt out of place :)"

These boards are for sharing but ewww too much info hahahaha..

@Chaebol

"Get some ice on those Jacobs, at least riot growth is funded. Apart from declining btc price can’t see what else can drag it down ."

Oh I don't know, I kinda like being the guy with the biggest balls in town.. Just a shame its from swelling

@Chaebol

"Agreed, I say it a lot this is a a game of snakes and ladders.

But you can make a lot quick and I have, so this really appeals to my gambling side. So I guess I’m ****ed x"

Typically I lose more than I make trading. so I just have to absorb the kick in the nuts each time ha.

@HGN
"the_chuz - you either believe in btc or you dont, you cant blame others for misleading you.
besides if you ever listened to saylor then you had your chance to agree or disagree with what he was saying."

Disagreed with Saylor many times, usually around his " sage wisdom".. Got shot down for that too haha.

He just say lots of buzz word nonsense that people latch on to. He did a big speel about how maybe btc goes maybe it goes down a little but you will definitely lose money via inflation.. Then ensues the ridiculous all know look and nod and someone lapping it up.

Wasn't so long ago here I said you might lose 5 percent in a year via inflation but you can easily lose more than that a day in btc.

As for believing in btc.. I've quite opening never "believed" in it, I convert my mined eth to fiat each month (not for the last 2), I do not believe in it being the savour of the average Joe's financial future.

I see it as a way of making money (fiat) or as is the case now.. Losing money (fiat).