Member Info for fleccy

"All crypto stocks and even BTC and all coins are considered to be higher risk. However, the potential rewards are also very high aswell. Looking at the banking sector i am not sure which is a higher risk now."

Obviously an investment in Crypto is far more risky than an investment in Banks, dependent on the Bank. With Crypto related investments your return is based purely on price action, whereas Banks who pay dividends give a return irrespective of the price. If you invest in a Bank and the price drops significantly, dividend reinvestment allows you to purchase more stock at a lower price without injecting new capital, bringing your average cost per share down while increasing the amount of stock held and giving a larger return when the price recovers. There's always a risk a company could go bust, making your investment worthless, but there'd be far more chance of that happening in the Crypto sector.
I'm not a trader myself, but it's a no brainer that most AIM stocks are suited more to trading rather than long term investing. Once you're locked in with an AIM stock, your investment is in limbo, you don't get any return in the form of dividends so you can't even average down without finding more cash elsewhere. Because of the success of US Mega Tech the investing World has morphed into a fantasy landscape, where big money has taken to hunting unicorns with value investing seen as slow and boring, but most are losing big money hunting the elusive Unicorn startup, and you only ever hear about the one in a hundred where the hunters win big.

"I beleive you, Fleecy and Bobcat are all linked. It just looks so dodgy. Qbt has got your attention"

Reading posts by Suthy, Jambone and Addison are really lol funny, especially the conspiracy theories. It's like reading a script written for characters from Tropical Thunder:

Suthy as Les Grossman

https://www.youtube.com/watch?v=Odd8Zdhuj9o

Jambone as Kirk Lazarus

https://www.youtube.com/watch?v=X6WHBO_Qc-Q

Addison as simple Jack

https://www.youtube.com/watch?v=qIxHb7cA6tg

"Nothing personal to Dave or even Fleccy, but I would be cautious when clicking links posted on here, especially download files ;) go straight to the source and find the files yourself."

The last links I posted, were linked from the Intellectual Property Office Documents page for QBT's Patent application:

"GB2611321 - Message scheduling for cryptographic hashing"

https://www.ipo.gov.uk/p-ipsum/Case/PublicationNumber/GB2611321

I'd suggest the IPO's website is far more secure and safe than QBT's website.

"Tyke- no one reads what Fleecy writes, even if it is true. Maybe its because no one trusts him...I wonder why?"

That's easy. The information presented in my posts make sense, and since I have no vested interest they're unbiased, and they raise some awkward questions about QBT's business model. Unlike certain people on here, I don't talk my own book since I'm not invested in QBT.

"Updated documents filed and posted today on the Patent Office website which is small progress. Sandersons (who are managing the Patent on behalf of QBT) have responded to the original examination."

Relevant Links:

https://www.ipo.gov.uk/p-ipsum/Document/ApplicationNumber/GB2113962.1/f3a8f3dd-a368-4c8e-91da-5f15fb7a053b/GB2611321-20230215-Letter%20%20Exam.pdf

https://www.ipo.gov.uk/p-ipsum/Document/ApplicationNumber/GB2113962.1/49ca22d9-a837-4599-bd97-beb50c2cbbf7/GB2611321-20230414-Letter%20%20Agent.pdf

Because they're all down today.

https://www.google.com/finance/quote/LLOY:LON?sa=X&ved=2ahUKEwiUvs2korD-AhVHQ8AKHZkUBHMQ_AUoAXoECAIQAw&comparison=LON%3ABARC%2CLON%3ANWG%2CLON%3AHSBA

Trotsky, I think you'll find that the majority who voted for Brexit, don't care if its affected sentiment in the Financial Industry, or if it's caused delays at Dover and Airports. As far as Food and EU import prices are concerned, it's likely EU imports will have to match rest of world prices if they want to sell their produce/goods in the UK. If Sterling drops in value, it increases the likely hood of the UK exporting more goods.
The UK has been moving in the wrong direction for decades, people decided they wanted a change and decided to use the Brexit vote to make it happen. I don't see people discussing Brexit in my day to day encounters, it's only discussed on forums these days, people have lost interest.

"The US is the only thing standing between the UK and Russia-China.
Like it or not, UK politics are extensively controlled by the US (and have been for decades). It is Biden's business."

We have our own nuclear deterrent and if it hadn't have been Trident, we would have built our own anyway. Russia can't even win a war against Ukraine, a country it borders, how would it fair taking on an Island 1500 miles away and over water.
As far as Northern Ireland's concerned, the US turned a blind eye to fund raising by the IRA, and Joe Biden apparently opposed a law that would have made it easier to extradite IRA suspects to the UK. Nope UK politics are none of their business.

"All thanks to Brexit brought to you by the Tory Party! Who the hell thought those lot were good for the economy!!!!"

I'm not impressed with the Tories, but it's wrong to say they brought us Brexit; The UK population were given a vote and they voted democratically to leave. I also believe a lot of the UK's issues are due to Brexit revenge by certain parties, not Brexit itself, and not entirely the fault of the Government. What I do believe, is that it's about time we had a Government with the ba115 to call out the parties who've deliberately punish the UK. This Brexit revenge strategy could backfire if they think it'll encourage the UK to rejoin, the most likely outcome will be more extreme politics within the country.
It's also about time the UK started kicking back, with the Government calling out US presidents who make comments expressing an anti British view; Truth be told, UK politics is none of Bidens business, like US politics are none of our business. I voted for Brexit and I'd vote for it again, because being a member of the EU did us no favours in my opinion

"Truly worried for Lloyds prospects as sadly Labour due to the above, are imo likely to get in next time"

It's unlikely I'll vote for anyone at the next election, but to say I'm disappointed with the Conservative party is an understatement. The Tories have gone too far with their free market policies and allowed other countries to take advantage. You only need to look at the number of utilities bought up by European based companies, or the fact that our national airline is owned by a Spanish company, or that US tech comes in and mops up any upstart company's who are truly innovative, leaving the dross on the shelf. Microsoft recently purchased a UK based Hollow Core Fibre manufacturer, called Lumenisity, why aren't companies like that being purchased by UK entities? Probably because Government policies suck the life out of UK based large caps and diminish them over time; You'd think a Telecom company, like BT, would buy up a Hollow Core Fibre company, but the UK free market policies have eroded BT's financial power and limited their ability to invest big in anything like Lumenisity,. Britishvolt went bust and have been taken over by Australian firm Recharge Industries; Originally Britishvolt was looking at producing batteries to support a UK EV industry, but its new focus will apparently be on Batteries to support renewables, like windfarm storage facilities, so a big dent in any UK ambitions for a home EV manufacturing industry. I blame the Government, since they're the overall managers of the economy and the various regulatory bodies, it's about time they changed their focus from finance and into building strong UK manufacturing and tech industries, and supporting UK based large cap service providers, but they'll probably just fiddle while Rome burns and let others take advantage of their lethargic zero risk mentality, preventing a drive for real change. They should prevent UK financed startups from listing abroad, where they've received Government grants. It's in my nature to be an optimist, but I hate the direction this country has taken.
Just to finish, I'm not worried about my Lloyds investment, since I view Lloyds as being well undervalued.

"Any thoughts?"

This article gives some insight into why UK based companies are undervalued, relative to US and some other markets. This isn't specific to Lloyds, but Lloyds is caught up in this.

https://ukdaily.news/there-are-no-domestic-equity-investors-why-companies-are-fleeing-the-london-stock-exchange-367347.html

There are a number of reasons for Lloyds and other UK companies being undervalued, in my opinion:

The Government is partly responsible for forcing DB pension schemes to bulk up on Bonds over equities, with many outsourcing any equity investments into funds who invest offshore.
DC pension schemes, receiving UK pension contributions, have no loyalty to the UK as a country and direct their investments out of the country into so called "Growth" investments.

UK equity retail investors, like us, seem to be an endangered species, whereas in the US 401K's feature prominently in the populations psyche and US investment funds are actually loyal to their home country and invest in US companies. The UK has an obsession with property and a lot of money has been invested there rather than UK listed equities.

I believe the financial markets and the international political class didn't want Brexit, with some exodus of investment from the UK a form of Brexit punishment, encouraged by foreign financial and political vested interests; That may seem a bit out there, but the amount of vitriol directed at the UK since Brexit has been palpable. When I've heard certain comments, from politicians like Macron, Biden and Obama previously, it makes me sick; All have made contemptuous remarks directed at the UK and yet we've supported the US more than any other country and the French Politico have never been our friends; And seeing Sunak, as well as previous UK Prime ministers, sucking up to the likes of them p155e5 me off even more, sometimes I wish they'd tell them to just do one; But since successive UK Government policies have eroded the UK's ability to be self sustaining, to the point we've become a subservient state, we have no option but to suck up to financial markets and Foreign Governments.

That's my rant over. I only invest in UK companies who pay dividends, and I'll continue to reinvest my dividends while I consider my target investments to be undervalued. At some point Growth stocks will go out of fashion, risk on investments like Bitcoin will die, and income investments will be rerated upwards, I'll keep filling my boots until that happens.

Where's Bitcoinbull? I'm still waiting for him to tell me a unique feature of Bitcoin making it useful and justifying its valuation.

Sooty you seem to have an obsession with a#s, since various intentional malapropism's of that part of the anatomy features in many of your posts. I doubt it's because you have a keen interest in proctology, so there's probably a more obvious reason.

"You could of purchased a bitcoin for $15,000 a few months ago, then sold it today for $30,000,"

That works the other way around for people who purchased at $60,000.

"Bitcoin is driving the industry of computing forward in massive ways, look at the company's driving this evolution to have to most powerful computing to acquire bitcoin, blockchain technologies"

Not really, Mining ASIC's are application specific so aren't much use for anything but mining crypto.

"Sussex University who have created the fastest most accurate transfer of data using quantum computing, although not confirmed as yet it is believed that they are part of the team working with QBT, this was globally recognised as an amazing breakthrough, if it wasn't for bitcoin technology wouldn't be where it is right now"

That is clearly incorrect, development around Quantum computers and computing has nothing to do with Bitcoin and Blockchain. Quantum computers work by creating waves of probability, with destructive interference cancelling the least probable answer and constructive interference giving the most probable answer. Quantum computing isn't about mining Bitcoin, it's about solving complex calculations that digital computers would take thousands of years to do.

https://www.zdnet.com/article/quantum-computers-eight-ways-quantum-computing-is-going-to-change-the-world/

A commercial Quantum computer would make short work of SHA256, so Quantum computers would probably spell the end of the current crypto currencies, rather than being useful for crypto mining.

That's easy:

"Approximately 11 percent of all gold produced is used in industry. Because of its inherent properties, gold is used in the medical, electronics, automotive, defense and aerospace industries. It is also increasingly used as a catalyst in many industrial processes."

https://www.thenaturalsapphirecompany.com/education/additional-precious-metals-information/gold-in-industry/#:~:text=Approximately%2011%20percent%20of%20all,catalyst%20in%20many%20industrial%20processes.

"Diamond is the hardest known natural substance. It is also chemically resistant and has the highest thermal conductivity of any natural material. These properties make it suitable for use as a cutting tool and for other uses where durability is required.

Diamond also has special optical properties such as a high index of refraction, high dispersion, and an adamantine luster. These properties help make diamond the world's most popular gemstone and enable it to be used in specialty lenses where durability and performance are required."

https://geology.com/minerals/diamond.shtml

"What’s the use for money in a digital age."
When you use you're debit card at the supermarket, it may not be physical but it is measured in Sterling or whatever the country's currency is. You could also use your statement as an argument that there's no need for Crypto currencies, since people are already trading digitally in their home currency; You use your card to buy goods and the amount of money in your bank account is reduced by the value of the goods, and the sellers bank account is credited with the same amount and everyone's happy; So why do we need Crypto currencies? The truth is you don't.

"You still haven't told me of a substantive use for Bitcoin?

It's a genuine question, since I can't see any purposeful use for the Token, it really does appear comparable to the Emperors New Clothes."

Bitcoinbull I'm still awaiting a reply to my question yesterday, could it be you have no coherent argument describing a valid use for Bitcoin?

Here's an article that's actually honest::

"Bitcoin has seen a lot of praise and hate since its inception but beneath all of the noise, the cryptocurrency doesn't have a lot to offer. It is too unstable to serve as a real currency (plus you are taxed on its fluctuations). Its promise of anonymity has been proven false as governments pour money into tools that allow them to seize crypto. The regulatory environment is about to shift as countries get serious about regulating crypto. And finally, it simply does not have a unique benefit in most use cases: there are plenty of other ways to conduct digital transactions that are often easier and more efficient. In the end, Bitcoin is neither attractive as an investment nor a currency."

https://seekingalpha.com/article/4516283-bitcoin-unstable-useless-heres-why

"Unfortunately once again fleecy you show up your lack of understanding of Bitcoin ."

Admittedly I don't spend any time watching what goes on in relation to Bitcoin trading, but there are plenty out there that do. If a company like MicroStrategy needed cash fast and started unloading Bitcoin, the community would pick up on it quickly with many following suit and it could easily lead to a cascade effect; You'll probably argue that MicroStrategy would never unload their Bitcoin holding, but they'd do it in an instant if they fell into financial difficulty.
I'm not sure how many holding Bitcoin are believers, or just traders, but the whole ecosystem is fragile and as I previously stated it's sentiment based.
Bitcoinbull, you have a tendency to respond to some of my posts and then ignore the ones where I ask you valid questions.

You still haven't told me of a substantive use for Bitcoin?

It's a genuine question, since I can't see any purposeful use for the Token, it really does appear comparable to the Emperors New Clothes.

"Here we go - into the red finish !!!"

Looks as though you need new batteries in your crystal ball.

I only need to express my views on one forum. As far as the Bitcoin Miners, I think many will shut up shop at the next halving, if the Bitcoin price doesn't show significant increases going forward. The Miners business models are based on an ever increasing Bitcoin price. Time will tell if the current Bitcoin price rises are built on a good foundation, I suspect many long term holders may look at a rising price as an opportunity to reduce their exposure. The higher the price, the more chance resistance will increase, the Whales are the ones to watch.

"I must say Fleccy for somebody who claims to disagree with cryptocurrency you seem to of put a vast amount of time and effort in understanding it?"

I wanted to know what all the hype is about. I haven't seen anything supporting Bitcoin as a good investment. Its value is based purely on sentiment, if sentiment dies the token will follow.