Member Info for SteelAngel

...worthless coins and wallets are where it�s at with Blockchain technology... track record shows that the biggest gains come from that type of project. Reasoning doesn't cut it in this field. People follow the money. This is similar to a Pyramid (Ponzi) Scheme, with the exception that a very few projects have the possibility of eventually actually becoming really valuable business. True Ponzi schemes of course, never have that possibility. Hardy : I respect your comments, although they actually encourage me to invest here for 2 reasons. 1. OBC might not seem to be doing much, but its 100x more that most DLT projects. 2. I long ago accepted that investing on AIM was going to lose me most of my money in most companies, so I would rather take the likelihood of a 100% loss against the small chance of a 10+ bagger, and OBC is giving that.

DOIRE : Price hasn't gone completely. Well, yes, only 90% down on 3 years ago. Of course there was dilution, but if you are a buy+holder from the peak then thats 90% loss.

Blockchain Worldwide ? What is going on there ? Are the Directors etc.. more active than at OBC ?

So, maybe the sp is on the way back to 15p, where it was a year ago. If so, thats another 75% fall from here, after a 75% fall from the ATH. This company is a pure speculation. The directors may have good intent, but the outcome is very uncertain.

Unfortunately, it is the 'replicability' that makes this technology nearly impossible to monetise. The tech itself is fantastic, and will save the end-user a fortune. That 'fortune' comes from profit that businesses fomerly made in the applications that wil be replaced by Blockchain. 99 % of the money made in the whole industry so far has been due to rising token values, and new buyers at succesively higher levels. That is preicated upon a useable 'Currency' , and there wil be very few ultimate winners there.

If 10p is fair value, then this is the sort of move than can happen, at regular intervals.

ETN and BTC on Hargreaves ? I didn't know they traded Cryptos. What form are they held in ?

Striking to see how low the volume is today. In fact there is rarely a day with any decent amount of trade.

If indeed we are allowed to mention these things on the board. Not sure

I hink reference is to guerillainvesting co uk

Hardy : Don't ADVFN have developers working for them ? I would imagine they would be fairly skilled.

Which new coins is OBC working on ? Surely if Manilacoin has a hashrate, it has been 'released' (Genesis block)

Put more simply : Blockchain saves the customer loads of money. That money comes out of the profits of businesses

Blockchain tech is difficult to monetise, because it disrupts existing financial models. The distributed nature of the ledger means that profits and commissions that would have been earned by acting as a merchant, middleman or agent are not able to be generated because the potential payer (customer) interacts directly with other customers or sources. The same as open-source software. So far, most of the profit earned has come from selling on tokens to a higher bidder.

Coe : Your comment is surprising but interesting. If many people think the same , then it explains why ppl buy and hold without ever cutting losses. The trend is down here. It is fairly clear. There is little else to go on.

If there is no information to go on, you have to follow the trend. Look at the chart over the last few months : which way is the sp headed ?

It's a spike. The follow up action will tell all. If it starts to fall back in next few days, then the pump is over, and the downtrend resumes. The shortage of stock does amplify moves.

No. This is not a business. Just a listed cash shell.

Whatever the market does, this (or any other) company is unlikely to make anything out of Blockchain. It is very difficult to monetise, being distributed open-source. Code cannot be protected by copyright etc.. Blockchain itself is revolutionary, groundbreaking technology, which will change many things globally, but the price of coins and tokens is a pure speculation , relying solely on a buyer at a higher price to make profit. Maybe the stock market is very similar, save for a few profitable companies. An investor should expect to lose on most ventures.

Quite possibly. However, this company is unlikely to make anything out of Blockchain. It is very difficult to monetise, being distributed open-source. Blockchain itself is revolutionary, groundbreaking technology, which will change many things globally, but the token/coin price speculation is pure Ponzi.