Member Info for fleccy

https://www.altitudeangel.com/news/altitude_angel_and_bt_join_forces

"Fleecy- I thought you said you were not going to post here. Can’t even keep
your word"

Well Sooty, don't direct posts at me and cause me to respond. After I left earlier today, you, Jamboner, Addison and a few others couldn't resist having a go, so I decided to give a bit back. Say nothing and you wont read anything back from me.

"its the sign of a bully & / or bigot / odd ball ! ....he / she wouldnt say it to my face"

Why's that then and what would you do about it?

If you look back through the threads you'll see that I was only responding to insults thrown my way, so make sure you read everything before you make judgement. As for your implied hard man rhetoric, it's meaningless and crass.

Pas, admit it you're Angry Frank aren't you?

https://www.youtube.com/watch?v=87t0UkFJzHw

"Of course all this is just my opinion, but I don't see any investment case even for a punt, but what do I know'
So what are you actually trying to do here?"

No agenda, I originally came on here to discuss Crypto, but some of the posters have got my hackles up. When I left earlier today I'd decided I wasn't going to post anymore, but when I looked in this evening some couldn't leave it at that and I noticed further comments having a go, so I had to respond, simple as that.

"Quite clearly, it is of huge interest to you and somewhat of an "obsession"."

Yeah I admit it was a bad choice for a title, and I am somewhat obsessed with Crypto, but everything else I said was correct. Where's the revenue coming from to cover debt, wages and operations? Show me the money.

I wasn't going to post any more on here, but you guys just wont lay off from having a go at me, so If you want me to tell you why I'd never invest in QBT, here it is:

It was a company primarily investing in retail and leisure, their words not mine, and then renamed to Quantum Blockchain Technology all of a sudden becoming an R&D company.
Three buzzwords, Quantum, Blockchain and Technology, all associated with hype and inflated stock prices; Must be a good investment, right?
The revenue of the company is pitiful, currently and historically, and if they do have any killer products, which'll increase revenue massively, I don't see any evidence either online or on their website.
Revenue for 2021 was €9K with total expenses of €4.985 million, of which €2.969 million were Director Emoluments, clearly wages and benefits far outweigh any revenue. If you go back as far as 2017, they show losses year on year, mostly in the millions, with the best year being 2019 where they managed to generate revenue of a whopping €13k and only showed a loss of €624k for the year.

The only kind thing I could say about them, going off their results, is that it's incredible they've managed to keep drawing in investment year on year, while generating next to no revenue. Of course all this is just my opinion, but I don't see any investment case even for a punt, but what do I know.

Sooty and Jamboner I am leaving, but it has nothing to do with any insults you or others direct at me. I'll go because it's pointless trying to have a conversation with idiots who aren't willing to debate sensibly. Keep telling each other how wonderful everything crypto is, and how BTC will go to a million dollars soon.

"Wondered how long it would be before you showed yourself. Fleecy"

Who started throwing insults first Jamboner? Goodbye.

Good luck to all the sensible posters on here.

The thing is you guys know everything I've posted is more than likely correct, and you have no valid arguments to contradict me, so instead of debating sensibly you try and attack me personally.

"fleccy- why dont you post somewhere else, no one wants your advice here. d$ckhead"

Because I wont be pushed around by anyone f'kwit.

"Jambone- Absolutely, i worked fleecy out ages ago. I am amazed that they feel that posters can't see through them."

Really Sooty, what have you worked out?

https://stock.adobe.com/uk/images/three-wise-monkeys-see-no-evil-hear-no-evil-speak-no-evil-cartoon-monkeys/107852402

I'm not on here to persuade anyone to do anything, it's a discussion about Bitcoin and Crypto. If you can tell me of anything I've stated that's incorrect, then I'll apologise for any confusion on my part.
If this is a BTC downcycle then time will prove me wrong, but who's to say that Binance and DCG/Genesis wont be far behind FTX; it's like a house of cards collapsing, along the same lines as the 2008 banking crisis. I've stated that I see no intrinsic value in Crypto currencies, but disregarding my view the industry is clearly in turmoil anyway.
Answer this, why should BTC do well when someone could create an alternative coin doing the same with an even more limited supply? Couldn't central banks create their own Crypto, manage transactions, lock the coins to their own respective currencies and build trust in Central bank stable coins?
If you can create something out of nothing, then it has no value apart from mass belief giving it value. Maybe enough invested mega rich whales will persuade their politically connected mates, to make BTC the de-facto standard coin, through regulation, but that's a big bet and unlikely in my opinion.

"Fleecy, you are not invested here, you don’t like Bitcoin, we are a way off Quantum computing but here you are with your boring negative posts."

Jamboner, I have mentioned a morbid curiosity for all things crypto too. I'm only pointing out the connection between BTC and the valuations of crypto related companies.
The last couple of posts have been neither negative, or positive, they are just an observation based on 5 year charts. If your optimistic about BTC, then my posts could be seen in a positive light and vice versa if you think BTC is in terminal decline. If you consider my posts to be negative, then I assume you think BTC is in terminal decline?

"If you throw Argo into the equation then see how a breakout happens, considering they are an actual bitcoin miner"

This is with ARB added:

https://www.google.com/finance/quote/QBT:LON?comparison=LON%3AARB%2CBTC-USD&window=5Y

ARB went ballistic on the back of BTC in 2021, but came down to Earth with a bump as the bubble bursts.

Some of the commentary ties the decline of Bitcoin to the Nasdaq, but the Nasdaq chart isn't as defined as BTC and QBT. Clearly inflation, interest rates and access to free money has contributed to the Crypto bubble bursting, but there's probably more to it.

https://www.google.com/finance/quote/QBT:LON?window=5Y&comparison=BTC-USD%2CINDEXNASDAQ%3A.IXIC

" I now believe that the next news we here will be even better than ever imagined before and we will not be waiting long to get this! QBT is going to reward us all we just don't know how soon this will come but if I had to guess then before the month is over we will all be popping some corks ;)"

This 5 year chart sums up the share price performance of QBT, the price tracks the performance of BTC. If BTC outperforms then there's a good chance
QBT will go up, if BTC goes down then QBT will likely follow it down.

https://www.google.com/finance/quote/QBT:LON?comparison=BTC-USD&window=5Y

"There have been many trolls here laughing at QBT over the past year, you appear to be the latest addition maybe a previous troll under a different name?"

I thought the John Oliver video was hilarious, and everything he said is as true now as it was back then. I'm not laughing at QBT, I'm laughing at Crypto as a whole. As far as the people making money, they are probably grounded in reality, timing their Crypto purchases on the back of naïve investors buying into the hype and then selling as soon as the tide turns. The ones making the money in Crypto are the ones trading the volatility and trend.
As far as QBT's concerned, from what I've read it used to be Clear Leisure PLC and was "an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the leisure and real estate sectors"; The court case is related to the previous business Brainspark/Clear Leisure investment in Sipiem SpA.
Any cash from litigation could easily be swallowed up from the debt QBT is carrying, so people on here are correct in suggesting QBT need to grow revenue to be a viable profit making entity. As far as I can tell, the main product in their inventory is "ASIC UltraBoost", with future profits dependent on take up by Bitcoin miners and the successful future of Bitcoin itself. If anyone can tell me what other QBT significant products are in the pipeline, I'd be interested to know what they are? The website just says "To Be Announced".
I'm not here to Troll anyone, I'm just interested in Crypto and Quantum, but question everything about both technologies. I admit to being a hard sceptic when it comes to Crypto, but shouldn't any investor run a skeptical eye over any technology before investing there?

The youtube video, linked below, was from 4 years ago and the content mentions methods used to inflate the balance sheets of Crypto exchanges, like creating their own coins. It is incredibly predictive and proves that FTX's dodgy business model was known about before the company existed. It also mentions how any company could inflate their stock price by using "Blockchain" in the title. It's very funny, and very true in light of recent events.

https://www.youtube.com/watch?v=g6iDZspbRMg

https://www.youtube.com/watch?v=GUs5y9leCyA

https://www.youtube.com/watch?v=sG_v4bb2e4k

Why buy Bitcoin, or Dogecoin, when you can own Rogecoin?

https://www.youtube.com/watch?v=GUs5y9leCyA

"Looks like China is able to produce microchips on their own that were previously only able to be designed and manufactured by the West. Article in todays "

Not really a big surprise, any commercially available tech can be reverse engineered. Once the atomic bomb was developed it was only a matter of time before others developed a nuclear capability too and in the case of the atom bomb it was a military development; It'll be the same with AI, Quantum computing and any other new tech you can think of. I don't believe the conspiracy theories about Alien spacecraft's visiting Earth, but imagine if one crash landed and was intact, how long would it take for the technology to be reverse engineered? Scientists and Engineers would be all over it and before long they'd understand what every nut, bolt and circuit board does. It's in our nature to learn, build and take shortcuts by copying others. My mobile phone is a Xiaomi Redmi Note 8 Pro, it has a fantastic camera, is still working fine after two years of use and was less than £200 brand new when I bought it. My Son swears by Apple, but why would I pay £1000 for an Iphone built in China, when I can buy a Chinese knock off for around £200 doing the same job? Incidentally I prefer the Android operating system over the Iphone anyway.