Interesting thanks.
I thought it was going to open a lot higher this morning… especially with Bitcoin at 61k…
Me too! Not sure what to make of it at the moment. The volume is very low in the past few weeks suggesting that many people are simply holding their shares. If an institution comes in to buy, demand will exceed supply in the market and should cause rapid price appreciation. I think at the moment we are still in a consolidation phase.
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Starting to look like it may be another red week☹️
Don’t think it ever be anything else…read all the hype that it will “ take off “ but it’s stagnant.
Need that Nasdaq listing if it ever happens. Was once a big believer in this company but now not so sure.
IMO Unless the pluto investment shows quick return then I can’t see Argo making too much movement until Bitcoin doubles or Argo double their BTC holdings
do believe it will still be a good stock just nowhere as quick as first thought
All good points but we are (including me) complaining that a company which is up +2,000% in 3 months, isnt growing fast enough… the reality is many of us are just late to the party 
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Yep definitely to the current party but early to the next
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That’s my view on this stock too. So much potential with Texas, Pluto and NASDAQ.
The price didn’t go up as much as the weekend hype led people to believe because the bitcoin price dropped from its all time high of over 61k to 55k. That’s lower than it was on Friday. Back up to 56k now.
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ARB Up 8% in the last 5 days, up 32% in the last 30….
Bitcoin up 0.8% in the last 5 days, 23% in the last 30….
What makes you think it’s stagnant, out of interest?
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Riot up 61% past 7 days, 5.6% past 30 days
Mara up 42% past 7 days, -5.6% past 30 days.
Interesting. It’s the lack of strong movement the past week I think.
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As others have stated Riot an Mara on the move most the time…Argo just seems to fluctuate between 230/250 just my opinion.
Argo doesn’t seem to be going anywhere even with a strong rise in Bitcoin weekend.
The comparative lack of volatility vis a vis Riot/Mara over the past month could be a good sign in my opinion. Suggests investors are more confident in the longer term future of ARB as opposed to making a quick buck (or thousands) from riding those other two stocks in the short-term as BTC rises.
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That’s how I see it personally as Argo are investing in infrastructure as well as mining capacity. I think that Argo may be headed towards becoming part of a cryptocurrency exchange - that’s the impression that I got from reading through Pluto’s website.
Also for anyone who thinks MARA was always doing well, they may want to have a look at this.
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Regulatory issues are the only thing that worries me about Argo’s future. Little by little I notice a growing discussion around Bitcoin by the authorities.
Was the same in 2017
I don’t want to throw “cold water” on anyone’s motivation because I’m also an investor in this, but I think it’s prudent to keep a due diligence. We never know.
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don’t believe any government has any jurisdictions over bitcoin, as far as I’m aware all they can do is talk shit on it and ban it from the country like India is looking to do? Please correct me if wrong
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For anyone wanting to know more about the 4 year cycle of BTC, you should become familiar with the Stock-to-flow model. It dictates the underlying price trend for BTC.
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I forget which country banned it then bought the government bought the entire supply of the country and later turned around claiming that it wasn’t banned.
India would rather know what people are doing with their money so what happens is people who have BTC will most likely attempt to sell some but continued mining it, which is what happened in China because what the government prohibits people only seem to want to do even more.
The US and UK are highly unlikely to ban it. The US has companies sinking vast amounts of money into it, treats it as a commodity rather than an asset and slaps income tax and CG on it. In the UK we’re also taxed on it.
For any government looking to find ways to balance the books, taxation is a blunt tool as it discourages economic growth, diversification of wealth and in some cases affects the little guy trying to earn more money on the side.