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I tried to buy the other week through Hargreaves lansdown at 0.89 but couldn't as they wouldn't take any buy/sell. Would of been some very easy money.. And plenty of it.. Alas it wasn't to be another missed one.
Mpeterson, given time I don't see any reason why this won't go under a penny. In fact I can't see anyway around it..
Its for trading now, it will spike with btc but come the halving it won't be around long.
"So Riot hit my $16 target after taking out my stop. Typical."
Unfortunatly you got stung, you called it right just a couple of hours timing wrong... The market just ends up doing us most of us most of the time. Good call just real bad luck on timing.
Done.. Its made me too twitchy being out all this time, first 10k back into riot.. Its possible it will go a lot further down I know especially if btc does it's expected dump to 27.5k but it's all part of the ride.
CEO seems quite "thrilled" at Argos current position.. That's more of a concern as I consider it a dog of a share with very limited prospects.
Maybe he sees things diffent with his specialist company knowledge but I just don't see it.
"I opened a short on Riot yesterday - against my own advice of not shorting Riot. I feel it goes down to 16. Position opened at 18, stop at 19. If BTC rallies here you can thank me!"
Im after 16p p for RIOT, I keep having a word with myself, I could of bought at 17.3 ish yesterday and i have to keep asking myself if it's worth holding out for a few pence when I am expecting it to 2x in the short term.
I've got Mara hodl so I'm still exposed, I just want to get moving either up or down so we're not sideways.
(interesting, the text box is picking up on special charactors and executing them rather than keeping them as text, seems a bit dodge)
"It didnt quite dip to your predicted 28.3k or 27.5k (28.7k)retest but it was looking that way for a while. Like you say its very hard to play just now. Hope you managed to get in on some of the US miners yesterday."
I came close, very close, but nah I think we will still be seeing that 28.3k so I'm staying strong... I guaranteed way to ge the drop is for me to load up but I'm not that altruistic ha
"
It does look like it wants to dip before going up. I've seen all sorts of numbers mentioned. The lowest being in the 26 range. Very hard to play just now. Will probably buy the fear if/when a big dip comes."
Yea, whatever we know, bigger money knows, whatever analysis we think we have made the bigger folk have us beat..
I have high confidence (hope) that btc will be a lot higher at the end of the year so I could load up now but I just hate sitting on a spike... I've been waiting a few weeks now for the pullback, it needs to happen in the next week or so before the big money comes back from holiday else whatever direction it goes will be exaggerated.
I've got plenty of mara at the moment but want a lot more of mara/RIOT.. I can't buy cleanspark which is annoying otherwise I'd have a good chunk of them too.
Patience
"If tomorrow, next week, next month or next year bitcoin goes to 50,000,00 or 60,000,00 USD. ARB will shoot back over £1 to £2 will it not? “
There is always a small chance that the market cap would get back to where it was (even that is unlikely) but there was need to be a massive issue of shares and debt to get there... Which means you will never likely see 100p again..
There is no reason to think that this stock should ever get to half a billion market cap (100p), it has a poor management team, poor assets, poor hodl, limited future.
It played it's big card getting listed on nasdaq and Building Helios.. It didn't work, the debt was managed poorly.
It's dead on its feet and I don't believe it will be around after the halving, that being said, you might make a few quid getting in and out at the right time but do not expect to retire on it.
"Let's say hypothetically Argo were somehow able to issue another 400M shares for £40m, how much hash would that actually add? I think S19 XPs currently cost around $32/£26/TH so £40m would buy Argo about 1.5EH/s?"
It's for that reason I just can't see a future for Argo, it may do a pump with btc but it will get priced out, it just can't compete anymore.
The only way forwards is a change of business model, wouldn't suprise me if they somehow jump on the AI bandwagon, but whatever they do it needs to change its current game plan.
"55
BTC Sitting in very positive trend territory just before the weekend nice position to buy into now for Monday open! 💼 💰 IMHO GLA"
Its weird how we all perceive things differently, I see btc being in a quite precarious position right now, lower lows being formed in the trading range. It's looked like it's going to dump for a couple of days now.
Mara isn't the issue, btc looks shaky and might do a dump. I sold all my trading miners the other day as it just looks like it's more downwards that upwards for btc, something has to give.. I drop to 27.5k ish so it can take a run up past 32k.. I think it's needed just to get us moving again.
It's difficult to know how argo can recover, it will never be a big player but it's more about survival now, they need to change the business model a bit just to stay alive.
If I owned it all I would change the model to:
No hodl all btc gets sold at the time of generation.
All net proceeds go to shareholders as a quarterly dividend.
Shares are issued periodically for buying machines which are hosted.
There must be some combination of the above that would work, the quarterly divi would be the USP.