Ann: FFG invests in Cryptocurrency Mining Startup, page-195

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ankup07

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18/01/18

06:03

Post #: 30389835
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Originally posted by Graphite101 ↑

price volatility has always been a concern with bitcoin and its also been split 3 new currencies and realistically should only worth about $6 to 8k anyway at best
In December 2016 Bitcoin was worth $800 USD then a year later at end of 2017 it rose to $8000 USD and all the marketing to get people to buy in created a massive market and pushed it to $20,000 USD which was ludicrous so its over priced and back where it should be thats all and its too slow transactions wise as it can only perform 15 transactions per second-

Bitcoin cant actually be valued because its not a value producing asset if people can understand that
Now, the main problem with bitcoin is its transaction speeds and scalability using Ethereum Platform which they are trying to speed up transactions - thats its major issue whereas other crypto currencies will use faster transaction platforms coming out in 2018 that can compete with VISA transaction level of 45,000 transactions per second
Because bitcoin was one of the first crypto currencies it rose exponentially and now there are other competition out there it was always going to come back from dizzy heights -

the selloff in Blockchain crypto stocks is an overreaction to Bitcoin as a singular and there are other options now instead of bitcoin and people are just moving to better versions that can transact faster and more efficient - i see it as a temporary glitch in a world of digital currency that will be far improved in coming years - its a transition thing out of standard paper currency to a digital landscape , just like petrol verses electric cars scenario.

Fatfish are well away from the Bitcoin situation so the effect it had on shareprice was a total overreaction because people dont understand the business that FFG are involved in and what it means

Crypto currency is here to stay and for example Japan has adopted it as an official currency

Anyway Fatfish are not too exposed to bitcoin its just a step in the development of the "digital currencies revolution which is here to stay IMO
DYOR
Cheers G101

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Hi there,

Agreed to the above argument, people got confused or misunderstand the business model of the FFG.
FFG is not involved in any ICO's. Moroever; they're into mining and launching a crypto exchange just like ; kraken or others. People got carried away with the sentiments involved.

However; everyone dyor and don't get carried away with the other emotions or sentiments.

Have a good day all

FFG Price at posting: 9.8¢ Sentiment: Hold Disclosure: Held
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