Member Info for the_Chuz

@Everup

"Bullish, Bullish, Bullish. Buy, Buy, Buy, Buy. Hodl, Hodl, Hodl. In 5 years time this might well be defining your "financial freedom" - so take note Chuzaeb0ll0cks and you’ll then be able to sprinkle whatever you want, including positive optimism."

Hahhaha... Compare Amanensia post saying (s) he's out in a mature and collected way then compare your counter post of " I'm in".

If I ignore the bulk of it and just look at the "5 year" bit then here my thoughts. Firstly I don't want to hold for 5 years before turning a profit. Secondly I have held for of 6 months now and not made any money.

6 months out of 5 years is 10%. So I have held for 10% of your time frame at a time where btc has doubled in price and the share price is the same. Saying to Hold for 5 years is just a massive can kick when the stock has performed woefully

@Chaebol

"See what today brings…. But I think lots will go to riot now, imho x"

Riots after market is ugly today but they have finished thier funding round so now they have $600 million, they are putting 200mw of s19s into immersion and will beat Argo to it. I think they will be crowned King.

I don't have the data but I would love to see a pie chart on global hashrate split. That way we could compare future percentage of global hashrate and see how much ground and coin Argo will miss out on if they don't 5x current hashrate.

The scary one for me is riot later, not looking too good.

I must admit $60k for btc was on the cards as a consolidation point so I'm not concerned with that per sey, although it feels like someone has put a mini wrecking ball through crypto, maybe it's the $1.5 billion that disappeared from maras market cap spooking people.

@everup

"Look like your data and sprinkles of logic worked well their didn’t it Chuz....lol. Where's the other half today (Chaebol) off enjoying their "financial freedom"...please pull the other one. Have a good day....lol."

Well I would of waited a little bit, if I had spare money I would of bought in at 72-15% so around $60, so yes I would of still of lost money at that point.

That's what my data and sprinkles of opinion would of put me at, if I can move some stuff around I would jump at being able to buy mara now at $55 because it is under my buying price target.

I rarely catch the top or bottom of any movement and I would be suprised if many people do on here.

As you can see though, once again I post what I think and I'm truthful with it even if it can end up being ridiculed. Others just seem to wait for me to post so they can post about my post and not have it related to crypto.

BTW, have you seen how argo has performed over the past few months?

"Lucky for you Chuz you didn't have any spare cash as you were itching to buy the morning dip in Mara yesterday weren't you? The dip that didn't stop dipping!”

Yes it was a bloodbath, a bit of an over reaction I think. I was hoping for a rise here today so I could sell argo and have cash ready for nasdaq opening.. Doesn't look like it will work for me.

@MonkeyTom

Mara got hammered by a placing and a subpoena (probably noise)
Riot missed its earnings targets
Argo probably being seen as a safer bet, port in a storm a think.

Bad 24 hours for btc and related shares., we will have to see what the next 24 bring.

I'm sure there will be plenty of calls to "buy the Dip", I never hear "sell the rise" though.

@jaybike

"Yep going to be a lot of movement and squeaky bum time for many today. Get the popcorn out we're 13.5% up after hours over the pond. Mara 27% down. Bitcoin at 60k"

Its going to be messy, interesting to see if arb follows suit or does a counter logical rise.

"Some of the new Crypto funds have large amounts in Mara. Betashares largest investment was in Mara - 12% (A$16m) of the fund. (Arb is 1.4%)"

Well, they just lost 1.5billion off thier market cap so I'd imagine there are a few funds and institutions with a bloody nose.

I think it was a dramatic over sell and shoukd see a bit of a bounce.

Looks like it found support at $55 so (-27%), that was painful to watch and I don't even hold mara.

Now the scary bit fir me, Riot earning report.. Will it be good or bad, should find out in just a minute.

Mara is getting Absolutley battered (-25% so far) , that's what I mean about not wanting to be a bag holder after a substantial fund raising.

Oh and if you think I'm negative.. Check out the psychos on stocktwits haha

@Canetoad

I was thinking something similar myself when thinking about global hashrate, its kind of all futile.

Riot buys 500million of machines so Mara had to buy 500 million of machines just to stay exactly where they are (simplistic view I know but you get my drift)

So as soon as someone raises big the others have to as well, whereas if no one raised it would be the same. It just seems massively self distructive and like I was sayi g the other day, if all miners just hodl then what's the point.

The proof of stake model needs to be the future for it to survive.

But then I think to myself there's plenty of money still to be made as we have many more greater fools to pass too

"MARA's raise isn't just debt - it's convertible, so it's dilution."

Yea, I think it's just institutional. I think with all the miners it's only properly worth buying in once the latest bit of dilution or other fund raise is quite recent.

If I had spare money I would be buying into mara now..

@Everup

"Semantics. Confidence in your investment(s) doing well, but from your constant pessimism (with a sprinkle of criticism) all based on data of course, are indicative of not, how strange."

Semantics - yea I'll give you that if you didn't really mean faith and belief (too much PW demi God for me).

As for confidence, I am relatively confident that argo will do well as a company. I am NOT confident that I won't be left as a bag holder based on current and past actions and it concerns me.

Thing is I know there are ways of financing what we need without destroying shareholder value, the problem is I'm not confident that argo will take that type of option and instead leave us holding bags for rigs just the same as we held them for the building.

What's good for the company is not always good for existing shareholders.

@hexam

"I must admit you are bit too negative for my liking,"

Yea to be honest i know I can come across as quite negative (I'm actually a jolly person in real life).

The thing is.. And it might be arogance, I don't think I'm wrong with what I say and the continual non-event of share price movement in a 100% btc increase just makes me think I'm right all the time.

For me it's like everyone saying it's going to be summer whilst I'm out walking in winter and the freezing cold, I know it will be summer at some point it just doesn't change the fact I'm wet through and cold.

@Everup

"faith and belief in, if you have the capacity."

I do not typically need faith and belief in stocks I buy like some sort of religion. If some investors see this stock as a religion or quasi cult that must just be "believed" in and never critisized then so be it but that's not the way my brain works.

I work with data and make my decisions are based on data (with a sprinkling of judgement of course) but I absolutely do not and will not allow my investment decisions to be based on "faith and belief".

I find it quite strange that some posters only post to comment on my posting style rather than anything crypto related (whether it be positive negative or simply opinion).

@mrwhite

"But even with a positive outlook you have to finish with a couple of negatives - strange ?"

Not strange really, I still have big reservations over financing, I'm also getting a little bit frustrated with how the directors are performing, such as leaked info, duplicate ammendment rns's, swimming pools and bbqs..

I'm only here because I think it's undervalued that's the only thing it has going for it

@Argobull

Yhat find of yours has given me the most positive outlook I've had for a while.

Spending the full 30 million at £800 each (small discount for bulk) would give us 37500 s17's. That would give us an extra 2 eh (or 2.5eh with oc).

Spees is of the essence though as maras plans are ambitious and Riot are going immersion in a big way to. We need to get rigs up and running.

It's obviously no where near the likes of maras 13 eh which hammers us on global hashrate but it would be relatively quick and affordable.

@Argobull

I can't open the link but based on what you've wrote that's very interesting to me. At £ 875 each a bulk deal may get that down lower.. That would change my stance a little bit on using them if they are THAT cheap.

Interesting

@krautyankee
". I am not liking these "piece-meal" fundings, that do not address the needs of the company for at least a year. Also, having a significant HODL on the balance sheet might entice another company to buy us out on the cheap, before we ever benefit from Pluto..."

Me either and I don't think the market likes the uncertainty either and it's definitely a cause of fud (justified in some instances)

Any other business it would be a no brainer for a roi in under 6 months, BTW 250 mil spent on s19s also gives a return under 6 months and earns double moving forwards.

The problem is, it's not really a return on investment in a traditional sense because of the Hodl. If we were mining and selling the hodl for fiat and then buying other businesses or ventures for longevity whilst also giving a dividend then the money would be boundless for the type of return we can see.

If we just hodl btc indefinitly without doing anything with it then we actually have next to zero return and should the price of btc plummet for some reason (something big like USA banning it, no I do t think they will but just an example), then we have nothing.

None of it is straight forwards for us, even when we try and place an order for machines what's the lead time.

If we just had a clear financing plan, even if it was to dilute massively then atleast the market would know and be able to react according with a drop then rebuild, by not knowing all we are doing is creating fud over being a bag holder