Member Info for the_Chuz

@krauty

"Chuz - you should thank your toddler for interrupting your sell intentions at 1.29p."

Yea she's a good little helper.

It happens around 90% of the time when I'm ready to sell, I think it's because I'm reflective of sentiment and don't try and delude myself. That means I hold on until I finally break and sell, the others sellers go before me, I swear I am usually the last seller left standing, so when I go there are just the buyers.

I have lost 10's of thousands holding onto stock that I had 'faith' in just for it to never recover.

@flowerpot

13 now haha.. The mindless faith ans positivity on this board is nuts.

I keep reading stuff like I'm holding until £5 no matter how long it takes and £5 by 2023. Its all just nonsense, it's people justifying to themselves poor decisions about buying or selling timings or quite simply they are nutz and just want to support argo like a charity.

If btc is still strong in a couple of weeks and we are out of the quiet period we may see some fireworks as PW can then fire up the promotional printing press.

Just need btc to hold its own for a few weeks, my concern is that it will pullback and hammer us on its way down.

@flowerpot

"Is this today it goes boom ,dontpanic pls?"

I nearly sold 30k shares this morning at 129p just to lighten my holding in arb a bit, had the quote up in my screen and just couldn't click though (mainly because I had a 2year old clawing at my eyes and pulling what hair I have left).

My selling is usually a very good indicator that the share price is about to go up so fingers crossed my failed sell is an inverse black Swan (white Swan?).

@Tymers

"As at $18.00 the market thinks Argo is worth 20% more than ipo but what do we know the market will decide if we reach 100.00 dollars or more"

Umm, I suppose that's factually accurate. But and it's a massive BUT we ipo'd when btc was around 40k, we have 'gained' 20% but btc has gained 67%.

If btc was still at 40k do you think we would be 20% up on the IPO? I think more like 20% down if it was at 40k

We are not 'good' compared to the other players we are a small fish trying to play in a small pond.

That being said if it went up 64% on day 1 it means that the underwriters and ultimately the company mispriced it and should of gone higher. That extra 64% onto the market cap is in PI hands and not in the companies hands to spend on growth.

Still, wish Argo got mispriced but it didn't, the actually pricing was smack on relative to what the market thought.

It just the market didn't think too much of the company.

@yazo

Qbt is just doing what penny sharea do, although it is a bit embarrassing to see a 12% rise in qbt when they have practically nothing of worth compare to argo that should be shooting up

@barnet

"No-one would sell Arb at this lousy price with BTC looking at 70 next would they? I mean, why would you?"

My concern and its a big concern is when btc pulls back, (which is normal) arb will also pull back but we havent really put any meat on in the 67% rise btc has had recently.

It's a bit discraceful that btc has risen 67% and we are at lower than pre IPO price.

Just shows what the market really thinks of us compared to the big boys.

@kev
"PIs selling cheaply, still. They just don’t get it!"

I wish I sold cheaply at 165p or cheaper still at 160p or cheaper still at 155p or cheaper still at 150p etc.

All nice but kind of irrelevant if our shareprice doesn't reflect it. :)

Show me the money.

@kev
They have stayed ETH is not a security both in the past and relative recently.

"In 2018, former SEC Director William Hinman said both Bitcoin and Ethereum are not securities. This essentially gave both the green light to operate unimpeded, as far as securities compliance is concerned."

CFCT view on it..
"The Commissioner clarified that there is currently a futures contract on Ether. Therefore, it is only “under the CFTC’s purview, which makes ETH a non-security commodity.”

Ether will be fine

@bluebay

"It won’t. The ETH blockchain will be huge in terms of transactional architecture built on it. Likely to wipe out other alt coins in the process."

Quite right, eth won't be going anywhere, may get some regulation but there is so much built using it now I'm sure it's here to stay.

@canetoad

"Yeah, I've also started scaling out, same goes for my other miners. Expecting a decent BTC pullback. I'm still in ETH though as it hasn't moved much."

Its funny how the same observation can drive two completely opposite reactions. The reason I sold it all is because he hasn't moved much at all lately which says to me its ran out of buying momentum, when btc pulls back I expect a significant drop.

Who knows though ey, someone else rolls the dice and you have to guess the number.

Either way though, I've got two rigs in the house now keeping the chill off and still mining eth until the end if the year. I am still very pro eth I think it is 'better' than Btc as a functional means of exchange, I just want to try and make some money along the way.

@Andy

"UK never beat the US in Olympic medals either each Olympics but we still take home a nice wedge of gold..might not make the most money but we can still make a lot…"

That is true, we'll said, we don't have to be the best we just need our slice of the pie.

@Canetoad

Ive actually gone the other way, I just sold all my ETH.

@intothedeep

"Mmm but now go watch the Riot video of their 400MW facility in Texas that goes live this month .... ARB are 9 months behind the big boys and not likely to catch up"

That is the fundamental issue I think, the other miners are just better, higher hash rates, higher hodl and an agressive development plan.

Whereas Argo has its smart growth strategy, which isn't appearing very smart at the moment.

@Andy

Just a very expensive shed to me :p

@xviolet

Yea I'm in suck and and see mode at the moment, most views on investment are relevant to your entry price so you should be doing OK. The long termers got in at a good price and hit the penny share jackpot but a lot of the medium term holders have been done over by the stock.

We will be lucky to end the day positive on nasdaq today even with btc meteoric gains lately.

Make some money and get out, as people say you only lose money if you sell, the opposite is also true, you only make money when you sell..

Onwards and upwards, quarters and years

"I'm happy if we're on the edge of a massive bull run.
This feels like a teetering kind of time. Which is exciting, really.
Could be this week or next few weeks...."

The issue we're having at the moment is right now btc is 63.5k, its what we were dreaming of when we were at 40k a couple of months ago.

Argo's share price has fallen in this time, everytime lse gets a run on the nasdaq sells it back down again just like today, take a look at the daily naddaq chart for us today.

I think we would if been double our price right now if it wasn't for that IPO. I'm getting quite bored with it and that usually gives me a twitchy finger.

I think my question would be.. "Peter.. Wtf"

Its all well and good saying quarters and years but why then should I keep my money in Argo right now and not just leave it and come back in quarters, maybe even years.

Does he regret the nasdaq listing as we could of just done a share issue on lse. We are small fry on nasdaq and treated as such.

How on earth are e going to pay for 200mw mining machines, what's the strategy.

We would do better raising funds and just buying btc.. Why waste the electric.

How can the team get the share price to 250p so I can bail out and invest in a mining company with a might more aggressive hashrate plan

"I got stung with SXX also sorry to say ….."

The least the board could of done is set up some councilling sessions after it got flushed down the toilet.. To many are left with scars haha