Member Info for fleccy

https://www.youtube.com/watch?v=0HtyF0jux2Q&t=24s

"Pump it up
You got to pump it up
Don't you know, pump it up
You got to pump it up
Don't you know, pump it up
You got to pump it up
Don't you know, pump it up
You got to pump it up"

"I see Zak Mir predicting a bitcoin run up to 30,000. If this was to happen I’d say Qbt will benefit significantly but he also it’s a possibility it reverse to 18,500 to 19,000. Interesting week ahead"

Don't know, from what I've seen a lot of the recent Crypto rise was on the back of shorts closing their trades. I'm totally sceptical about Bitcoin and Crypto currencies and everyone knows my view, so I wont express an opinion on here.

"Quantum’s R&D will focus on Cryptography; bringing together the most advanced implementation techniques and functions, along with quantum computing technologies and AI deep learning, to develop a new and disruptive approach to blockchain technology."

To be honest PAS, I have no idea what QBT might be working on in the background, but they are playing against some big players. I can tell you that Telecom companies are at the cutting edge of cryptography, AI machine learning, IOT and security and have far bigger budgets than smaller AIM companies that aren't partnered to bigger entities.

Here are some examples of what I'm talking about:

https://newsroom.bt.com/bt-group-unveils-ai-accelerator-to-shorten-rollout-of-new-artificial-intelligence-from-six-months-to-six-days/

https://www.quantumcommshub.net/industry-government-media/collaboration-opportunities/case-studies/bt/

https://technologymagazine.com/ai-and-machine-learning/vodafone-join-forces-with-google-to-launch-ai-booster

What would secure QBT's future is finding a blue chip partner to endorse any product they come up with. Look at Open AI and Microsoft as an example of what I'm talking about; If the hype's to believed, OpenAI would be valued at nearly twice the market cap of BT, around $29 Billion, which I personally find ridiculous but it seems to be the way of things these days.

"if you'd thoroughly researched the co you'd know that ... Blockchain (& De-fi) ... will undeobtedly be exponential in growth in all sectors , not just Crypto"

I've read the Utopian view of DEFI and I understand the simple definition of it, but I don't believe it. All I see is easier ways for technically proficient crooks to steal, or commit fraud.

https://www.nasdaq.com/articles/decentralized-finance-defi-is-the-future

You'd still need Banks, Insurance companies and the like to offer products and manage transactions around your accounts and loans. If you want an example of the type of loss that could occur, just look at hacking of crypto exchanges where the exchange uses a backup of the Blockchain just prior to the hack and people have lost money on half completed transactions and received short shrift from the Exchange. There's security in compartmentalising your finances, I wouldn't trust an automated system when it comes to transferring cash for a house purchase; For example the last time I moved house, the solicitor used the telephone for communicating account details, due to a spate of email spoofing related frauds. All this talk about Blockchain smart contracts, NFT's and the like recorded on the blockchain ledger is also not required; I have an alert set up with the land registry if any transaction is registered against my property, and my phone alerts me of any transaction taking place in my bank account, why do I need DeFi?
I think it's all hype, because DeFi just mimics what's already available in existing finance, and I can't remember the last time I used cash as I can transact with my Debit card 99% of the time, which begs the question, why do you need Crypto Currencies?
The narrative that Fiat currency isn't backed by anything is wrong too, the value of a Fiat currency is tied to the economy of the country/Block where the currency is transacted, instead of making things simpler, DeFi and Crypto currencies adds another layer of complexity if used for everyday finance.
To build secure and protected DeFi, where transactions are backed and protected and people trust the system, probably wont happen for decades and it would have to be policed meaning Government agencies would have to control it anyway. In summary, the Utopian view of DeFi defi's common sense and is unlikely to happen, in my opinion.

I posted a reply here Jamrock:

https://www.lse.co.uk/crypto/bitcoin/chat.html

In case I upset people on this forum.

"Fleccy
I actually enjoy on this chat because you add diversity and I always say there’s two sides to coin."

Jamrock, if you or anyone else wants to discuss Bitcoin with me, without upsetting others on here, I've found this Chat page dedicated to Bitcoin.

https://www.lse.co.uk/crypto/bitcoin/chat.html

"Fleecy, I see your back again, something here doesn’t quite add up?"

Don't worry, if no one says anything derogatory about me, or to me, I'll observe without any further posts. I've responded to Sooty and answered the more friendly post by ClercMilon, I'll leave it at that.

https://blockworks.co/news/hive-intel-efficiency-upgrade

"Bitcoin maybe a gamble and who can blame those for cashing out as and when. No one stays locked into a share for the long term much nowadays we have dynamic portfolios due to dynamic market."

No problem with the Fleccy/Fleecy thing, I understand with the autocorrect feature.

As for Bitcoin, my personal view is that we're close to its demise, it may have one or two years left in my opinion, but why do I think that?

With every Halving event, the cost of Bitcoin mining operations doubles unless the Miners invest in new more efficient rigs incurring an upfront capital cost. Since the miners will need to pay the ever increasing cost of ongoing operations, it's likely they'll have to sell their newly minted Bitcoin immediately. The miners probably wont have the money to sit on their hoard, since their finances are stretched already. The biggest issue for the miners is the power costs; They can invest in better equipment, like Intel Blockscale ASIC's in the case of Hive, but that comes at a cost which eats into the bottom line; Incidentally, Hive are saying, "Hive executives said at the time that the company would work with a separate manufacturer to integrate Intel’s blockchain accelerators into an air-cooled bitcoin mining system that, once in place, would boost its bitcoin mining hash rate by roughly 95%". If I'm reading that correctly, I think Hive are saying they will reach nearly 100% efficiency, or near doubling the Hash rate, using Intel's Blockchain Accelerators.

https://blockworks.co/news/hive-intel-efficiency-upgrade

The latest Bitcoin price spike is most likely due to the ever decreasing pool of die hard wealthy enthusiasts, or "whales". who're true believers in the Crypto cause. It's likely Gemini, Genesis and DCG will fail or need to raise significant amounts of cash, possibly leading to a fire sale of Crypto assets in the near future.

https://ambcrypto.com/gemini-founder-claims-genesis-and-dcg-are-beyond-commingled-gives-deadline/

https://www.sec.gov/news/press-release/2023-7

Apparently around 19 Million Bitcoin have so far been mined, so 2 Million to go. If you assume the price of Bitcoin stays around $20,000, I think it'll go lower, the total sale value of the remaining 2 million Bitcoin is around $40 Billion. They reckon it'll be around 2040 when the last Bitcoin is mined, so that $40 Billion would be spread over 17 years, with the cost of production doubling every 4 years, so diminishing returns.

I also believe the narrative about Bitcoin having value through limited supply is also false, since they've eliminated the supply constraint through the invention of the Satoshi, one Satoshi is equivalent to a hundred millionth of one Bitcoin; If you believe the intrinsic value of one Bitcoin is Zero, as I do, then one millionth of Zero is Zero, so one Bitcoin is equal in value to one Satoshi, Zero.

I'll leave it at that.

Thought I'd check in and see what was happening and noticed Sooty's comments.
I said "If people don't say anything more about me, I'll leave the page for good.", but Sooty couldn't resist, so I'll respond.

"Fleecy- Sorry about that I had a moment. If you don’t mind pulling that door firmly shut on your way out"

"Fleecy- if you need anything please let me know, for example I have some used toilet paper you can have"

Here is the Simplywall.st QBT page, detailing a breakdown of company fundamentals:

https://simplywall.st/stocks/gb/diversified-financials/aim-qbt/quantum-blockchain-technologies-shares

"Past Performance Score 0/6"

"RISK ANALYSIS
Earnings have declined by 33.4% per year over past 5 years
Has less than 1 year of cash runway
Highly volatile share price over the past 3 months
Makes less than USD$1m in revenue (€3K)"

"Quantum Blockchain Technologies (QBT) Risk Checks

Fail
Are revenue and earnings forecast to grow?
Earnings have declined by 33.4% per year over past 5 years
Section 3.1

Fail
Are they in a good financial position?
Has less than 1 year of cash runway
Section 4.4

Fail
Is their share price liquid and stable?
Highly volatile share price over the past 3 months
Share Price

Fail
Do they have meaningful levels of revenue?
Makes less than USD$1m in revenue (€3K)
Section 3.1

Fail
Do they have negative shareholders equity?
Negative shareholders equity
Section 4.2

Fail
Do they have a meaningful market capitalization?
Does not have a meaningful market cap (£21M)
Section 8.0

Pass
Is their dividend sustainable?
They do not pay a dividend
Section 5.0

Pass
Do they have sufficient financial data available?
At least 3 years of financial data is available
Section 3.0

Pass
Are there any concerning recent events?
No concerning events detected
Share Price

Pass
Have shareholders been diluted over the past year?
Shareholders have not been meaningfully diluted in the past year or recently listed
Section 7.3

No data
Are they forecast to achieve profitability?
Insufficient data
Section 2.0

No data
Do they have high quality earnings?
Unprofitable so not applicable
Section 3.1

No data
Have profit margins improved over the past year?
Insufficient data or unprofitable
Section 3.1

No data
Has there been substantial insider selling in the past 3 months?
No 3 month insider trading information"

The Financials are atrocious, anything you want to add Sooty?

"Something seriously doesn’t add up, why you, apparently a wealthy retired person would spend so much time trashing and disrespecting other peoples invests"

When I first started posting on here, with what I thought was valid points about the crypto industry, it didn't take too long for some to jump all over me and start trashing me.
I'll tell you what, I'll call a truce, I've decided my heart isn't in this anymore. If people don't say anything more about me, I'll leave the page for good.

"Vodafone, one of your stocks, isn’t in to great a shape is it flakey, and who says any will pay dividends and how much it will be, bit presumptuous I would say."

Vodafone's fine lol, check out the free cash flow. I'll openly admit India was a disappointment and I didn't like their purchase of Liberty Global assets in Germany, but overall the investment is safe even if I'm unsure whether the dividend is.
Lloyds is my biggest investment and I've got high hopes for that one. I also really like BT, even though the market doesn't. BT will grow the bottom line dramatically over the coming years, even in the face of slightly declining revenue.

Loans are loans. Even convertible bonds will have an effect on shareholders at maturity, since in the absence of buybacks it will dilute the current shareholders equity in the company and possibly quite significantly. 2024 is a long way off and for all I know QBT might pull it off. If you guys didn't put so much effort into trashing me, maybe I wouldn't kick back so much.

"Seriously we can see how you are biting now as desperate to try and damage QBT"

How can anything I say on here damage QBT? Just the same as anything you say about Vodafone, BT , or Lloyds wont damage them.

"Wow Flakey, your Vodafone chart not looking great is it, they look in a downtrend, is that a terminal decline I take it?
That’s what you call anything that has cycles?"

Not bothered, my stocks will look after themselves and even if they stay low, I'm looking at pulling in around £22,000 in dividends over FY23.

"Maybe take a look at the Eufingest debt and see they have supported CLP/QBT with a tiny tiny fee of 1% interest, now what have they agreed to do again, I will await your answer to see if you can tell the truth or wether you are so desperate you will spout out any old carp?"

"On 6 April 2022, QBT also announced it had agreed with MC Strategy S.A. (an Eufingest S.A. demerged Company), the sole bondholder of the €3.5m 2020 Zero Coupon Bond to extend its maturity date from 15 December 2022 to 15 December 2024."

"Anyway, all looking nice and strong here, BTC looking strong also."

BTC is so strong it's down nearly 71% since November 2021.

"psychopathic narcissistic tendencies and thinks he knows best, and wants to be liked and has a compunction to explain (mansplain?) and repeat incessantly as he cannot understand how everyone is not agreeing with him and praising him...he/she/? needs to get professional help"

Actually, it's you guys who need help, I post an opinion and you fly off your handles. When you do attempt to formulate an argument, its weak and unconvincing, how sad.

"So flakey Fleeeeeeecy says we won’t get to 10p pmsl, we are looking way more than that imho and I agree with others that we will get to £’s."

In your dreams Jamboner, seriously I'd be gobsmacked if it got to 5p. Truthfully, judging by the revenue and amount of debt on the books, it wouldn't be hard to assign a value of 0p to the stock.

Well just binged watched the last three episodes of Reginald the Vampire.

"Fleccy, I think you have done well on this board, you engage with almost everyone about something you have no interest in, not invested in qbt and have your own heading.
Well done you are really popular."

What can I say, I'm a people pleaser.