FGF (ASX) This madness will end in tears

Originally posted by 1sharetrader1 ↑

IM having trouble figuring out why holders here keep saying that Block chain has nothing to do with Cryptocurrencies.
Before making comment I read the Block chain global cap raise announcement ,and going by what management has said in that announcement ,block chain is mostly about Bitcoin.
I even spent two hours researching all block chain type companies and it is mostly to do with Bitcoin.
Also have recently seen a article of a Japanese company that just reported its first loss ever due to getting involved with a Block chain type of company.
It is all over the main financial channels that Bitcoin along with Block chain related companies are in a bubble.
Saying that Block chain has nothing to do with Cryptocurrencies ,is the biggest out of touch with reality I have read on hotcopper to date ,not to mention misleading.
Good luck holders ,your going to need it.

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2 whole hours! Sorry I mistook you for a noob.

Blockchain is a technology. Bitcoin is a (cough) currency.

Blockchain technology was originally developed by Satoshi Nakamoto as a method ensuring security for bitcoin transactions. Hence the two are and will forever be associated.

However where blockchain is a currency with no intrinsic value, blockchain is a technology/concept that can be applied to almost any transaction or transfer. Put simply it’s an electronic ledger of a transfer. It’s applicable, and in many cases already being adopted by banking, finance, transport, logistics and data transfer services (just to name a few) and of course, crypto currencies.

Blockchain is a viable technology with or without bitcoin.

Unfortunately most ASX plays that I’ve come across that have anything promising in blockchain also tied themselves to crypto and/or coin exchanges. FGF was one of the few I’ve seen that have one without the other - hopefully it stays that way but time will tell.

No doubt the reason for the recent sell down has been impacted by the crypto collapse (some people don’t know any better) but most likely it’s due to oppy holders freeing up cash so they can convert to heads. Good time to pick up more cheap shares.

All IMO, DYOR.