Member Info for the_Chuz

"zoom out, it will push on again after the weekend."

Ive zoomed out and it looks worse! I see a double top with a head and shoulder, previous shoulder being 42k and support to double top at 30k, ... Looks pretty rubbish zooming out.. So I'm zooming into to the decednding wedge and the hopeful reversal that should ensure.

The problem with zooming out and charting for btc is that its typically all nonsense.

"btc now at 50k"

Wow that didn't take long, now at 48.9k... Won't somebody think of the children!

Btc now at 50k

Dont worry, wins on the bid, shorts are falling, IIs are buying in. The 20% drop is just a bunch of buying opportunities, buy the Dip, onwards and upwards, quarters and years..

If in doubt... Zoom out..

Riot and mara are getting battered, a bit disproportionately to the fall so hopefully the rebound will be decent.

I wonder how much saylor has lost, ironically if you are a true believer in btc and hold btc you have lost nothing at all just means you can buy more at a cheaper price.

Still, I've never been able to see it like that as I invest to make money (not doing so well on that front lately)

I'm starting to think that the miners are just very expensive penny shares, thier volatility is worse than most aim listed shares.

The constant need to dilute and the lack of income due to hodl makes them way more speculative than aim shares too.

Still, in it for a while atleast, looks like the miners led the way on the btc drop, that's the second time recently I've noticed it in a significant way.. Miners first then btc

@ herdie

" I thought the dilution effects were starting to subside hence I put it down to me"

Ahhh sorry I misinterpreted hahaha.. You can take the blame though.

@Amanensia
RIOT bought ess metron :)

@herdie

"Riots down turn is easily explained I bought some :) As for Mara the subpoena and the fact Novembers mining figure was only 196 coins goes some way to explain their fall - Not sure why Hut and Hive have been battered though and that’s quite worrying !"

What have I missed with riot.. I know of the metron purchase but that 700k shares and 25 mil.. Peanuts really.

What else is there?

I'm getting a little bit nervous with how miners have behaved in the past few days.. Another 10% gone from riot and mara.. Something seems to be afoot.

No, no they are not and never will be.

"thanks for the updates Mike. we're going from strength to strength every day. really don't care what anyone says, the SP is going to pump at some point."

Im sure it will go up once the funding situation is known, but that same sentiment has been stated for the last 6 months.

Maybe one day and hopefully we will be in the right side of it.

I like the buildings simplicity of construction, interesting to see how the insulation and all the kit out goes. It's a good size.

@Argobull

"Ama, it is not a statement of fact at all. Are you actually saying that riot has 5x the hash and expansion plans?"

I think Riot are targeting (have plans) for 13 eh by end of 2022... With 600 million of funding recently completed.

Argo is 3.7eh I believe but with an unknown funding plan?

Please correct if wrong.

"@Amanesia, wtf is the point of that post on this board???….seriously? You’re not even invested here, I thought you were better than that but it looks like you’re just another one who was invested but then can’t leave and just trolls the board….shame."

I knew it wouldn't be long before the pitchfork crew went after a new target, suprised the target is Amanensia though as (s) he writes more sense than a lot on here combined.

So many crazies in one place.

"And by no means was it a c rap day today, especially for the IIs. This is why the trolls are here. Those IIs are saving MILLIONS by them talking the price down."

Out of interest, how do IIs take the price down whilst buying up all the shares? Is it just a "mates with the MM " kind of thing?

@Trelawny

I liked the blonity interview, I don't question PW drive to make the company succeed.

I personally don't think the company cares about retail but more needs retail until it can stand without them.

The blonity interview actually made me sell more argo because my interpretation was that a 'potential' source of funds for the next raise will be a share issue again but giving an option to retail... Basically in my mind us PI will get hammered again on the next raise all under the guise of PW wanting to give the discount option to retail. I took it as quite a big red flag as I was hoping we would go down the debt route first to raise the price and then issue shares.

I also wasn't keen on not leasing out Helios capacity as a primary option, it wasn't a 'no' but not much of a yes either.

Of course we wouldn't have infrastructure anyways to host 600mw I think he said the transformers on site can currently be squeazed to 250 mw which is still a good chunk of power and as of yet the machines for it are unfunded.

The blonity interview was good, honest and I think shown Argo in a good light. I'm just not keen on holding the bags again.

MoneyMan80

You did see the trade I posted just for your benifit I hope, whereby I said I was going to sell around 15 grands worth of shares and I did with proof

@emma

"It's not aimed at you personally, it's the content of what you write that I disagree with. I'm sure we would get along fine "in real life". Just probably not in a conversation regarding Argo. Ha.

This continues to be a good investment for me in my portfolio and I believe that will grow much more in the near term."

Yes I think people would seem more" normal in real life. "

As an Investment it just hasn't performed for me as I would expect In the last 6 months+.

Of course we all should of sold pre IPO as I would of had a tidy profit but we were expecting fireworks.

Let's see what PW and the team come up with.

@emma

"I can also post as I like so if you don't like it then feel free to filter me."

I actually never filter anyone, never have.

I absolutely agree you have every right to post here and just like voltaire I would defend that right too if it was called for.

I just get a little tired on here how posts are directed at the person rather than the post.

@Trelawny

"Yes, Inland Revenue will be waiting to tax you. Buy Argo and have it tax free in an ISA for example. Zero tax. :)"

That's actually a very valid consideration for the future if it moves that way.

@emma

"
It's almost impressive how many times you come back and write more or less the exact same message. We heard you the first 20 times."

Not nearly as impressive as how you come out of the word work each time I post just so you can say how you don't like my post.

Please understand this... Whilst I remain compliant to the rules of LSE posting on this board I will continue to post what I want when I want.

Of you don't liel it then make like K3V and hit that filter button.