Alright friends, on twitter I have been a mad man tweeting about the exploding growth of
$ARBKF over the past couple days.
I am going to go over a couple things and then display the main articles that built my thesis around buying in the mid $2 and then $3 range and possible be adding more if dips present themselves.
Why do I like argo? First, Argoblockchain
$ARBKF has no debt, possible NASDAQ listing (checks all boxes, just needed to be above $2), and entered a contract to raise their Petahash (PH) to 1685 by the end of Q2 2021.
To be NASDAQ listed it will take up to 6 weeks. Along with this some brokerages are charging $50 transaction fee since its trading OTC on the LSE (London Exchange). TD charges I believe only $7 for these transactions.
Don’t be confused, this stock is highly volatile since most of the movement has to do with the huge rise in
$BTC. When
$BTC prices go up so does Argo’s revenue.
(Most of the calculations done in this article are for when
$BTC was trading at $30k)
Argo is immensely profitable at $50k even if the
$BTC does not move up from here.
What’s great about this company in my mind is there transparency (they are active on twitter, and the CEO) unlike other mining companies. Along with this their fundamentals are pretty much completely available at all times if you have a calculator (just see hash rate/btc price calculations).
There is money to be made everywhere in the crypto space - even if you don’t want to own
$BTC yourself this is another leveraged choice.
Lastly I will present you this:
$RIOT market cap: $5.26 B
Not advice - do the math
Cheers for those that dived in the other day 😊!
-REBEL @gannonbreslin