Quantum Blockchain Techn... Share Discussion Threads

[1knocker] 07/5/2024 18:38

Possibly QBT genuiely did believe that it was on the point of cracking the nut and rolling out its tech commercially. Plainly though that belief was unfounded. QBT would not have recruited Vlad when it did had it contemplated that there would still be nothing for him to sell by May 2024. The fact that commercial roll out (if it happens at all) seems certain to be much later, and probably for a much less effective product than was contemplated last year also puts into very serious doubt whether its cash reserves will see it through to profitability (if it ever becomes profitable at all).

My best guess remains that there will be a further cash raise in about July.

The shares have fallen over 40% YTD, while the market has risen. Everything points to there being plenty more distance for QBT to fall. Be very careful. QBT shares are a gamble, not an investment, and placing bets at bad odds is bad gambling - if you bet on an outsider you don't take odds appropriate to a favourite. That is precisely what those who bought QBT at 1.4p and above did. They bought the shares the smart money was selling!

My best guess is that anyone who sells, even at a loss, at today's price will do himself a financial favour. He would have done himself a better favour if he had sold earlier, and if he had done so when some of us first advised selling he would be out with a profit unless the price at which he bought was totally crazy, but there is no point crying over spilt milk. Just don't let the mistake you made in not selling sooner leads you into the mistake of hanging on to a share with a lot further yet to fall.

[zydecoco] 07/5/2024 16:30

Block has today announced its Beta MDK (Mining Development Kit) application route and programmes.Anyone can apply, even solo individuals, so full open access, and no commercial agreements needed at all.Https://www.mining.build/mdk-beta/?ref=mining-build-newsletter

[oliversanvil] 07/5/2024 15:45

Ellipsis did!

[ellipses] 05/5/2024 08:44

Looks like everyone is busy getting a life.

[flc] 03/5/2024 21:20

Time is running out, they are burning the cash from the last raise like there's no tomorrow, no chance of getting another one away, no news, no patents, no deals, no revenue...absolutely sfa. Tick tock and turn the lights off on the way out.

[zydecoco] 03/5/2024 14:14

I think the very apt ticker QBST is available

[criticalthinker1] 03/5/2024 14:11

Is bitcoin rising right now ...

[ellipses] 03/5/2024 13:02

It's worth noting as many others have done that there are any number of companies better placed than QBT that have the capability to develop the solutions that QBT are making claims on. Indeed if QBT actually managed to demonstrate a breakthrough they would be all over it like a rash. You might hope, or not, that if there was anything concrete underlying the claims by QBT such activity would already be underway and to an extent that noises would have been publicly made about it. There is however crickets.

On the same side of that coin is the likelihood that QBT are just using buzzwords about technology that is available to others. The problem here is that the average Jambone doesn't have the basic skills, knowledge or ability to look deeper into what is being poorly said and see such a threat.

[zydecoco] 03/5/2024 12:14

Good post Ellipses, especially the link to the published paper Nvidia's work of 2019.

[sairam99] 03/5/2024 10:31

I remember last time it was 0.8p, it then went onto 3.4p in a week or so

[idriveajag] 03/5/2024 08:45

So you want to buy QBT.

[1knocker] 03/5/2024 08:38

Half right, Jag.
Sell ARB, stay away from QBT, at least until it falls to 0.8p.