RE: QBT V ARB27 Oct 2021 10:17
Personally I cannot take QBT (Clear Leisure before the name change) atall seriously.
It’s too much of a stretch of my imagination to believe that this pretty much one Italian man and his dog Company whose previous experience with crypto was via a small mobile caravan containing a handful of early generation miners, has now managed to suddenly have the expertise to be at the forefront of newly discovering optimisations for the latest ASIC miners having only recently got their hands on a few new miners from the manufacturers to “play with”.
If true that would put them ahead of the extensive R&D capabilities of the large established ASIC manufacturers (Bitmain etc), crypto miners (Argo etc) and related software providers (Dell etc).
Whilst not impossible it is IMO extremely unlikely and I for one will not be putting a penny into QBT at any price, as I fully expect the whole story to come crashing down to nothing shortly (probably after the opportunistic placing is undertaken by the Italian in the coming days). Many investors jumping on this pumped bandwagon will be suffering unrecoverable losses from the huge associated dump….
Watch this space….