Bitcoin Shop Ruins Investors
Last time we checked in on Bitcoin Shop (OTCMKTS:BTCS) it was over $4 and getting hyped on CNBC.
Fast forward and three months later it's nothing but a pump and dump. BTCS is trading at 13 cents. If you buy and sell stocks then you have no business buying shit like this. We screamed at our readers then not to buy then and when it first went public (relive those posts for proof).
I'd rather invest in Crocs (CROX) glady then buy Bitcoin Shop. However rather then invest in CROX you could just buy Google (GOOG) and never look back. They are about to roll out their driver-less car. DO NOT, I repeat to not throw you money at a penny stock like BTCS. A few months ago they only had $6K in cash. Now it appears they have zero.
Since that time here is what is new about Bitcoin Shop:
They have generated only $11K in revenue. That's it. Not to mention BTCS recorded an $1.4 million net loss last quarter.
Bottom line: DO NOT BUY BTCS. The end
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Banks, Bonds, & Bullion Bid As Healthcare Hope Trumps Terror Attack Turmoil | ZeroHedge
- London Attacker Was UK-Born, Previously Investigated By UK Spies Over "Violent Extremism", May Says | ZeroHedge
- Davos For Democrats: DNC Mega Donors Meet At Mandarin Oriental Hotel To Plot "The Resistance" | ZeroHedge
- Hysteria on the Left Over Russia Has Reached a Fevered Pitch | ZeroHedge
- Investors Dump Euro Bonds, Shift Into US | Financial Sense
- Banks Stocks could underperform for years (Update) | ZeroHedge
- THe ReTuRN OF CoMeY THe CLoWN... | ZeroHedge
The most relevant financial news and articles from the Internets
- The Navy is using drones to prep for future tensions with Russia... | Business Insider
- Airbnb is hoping to win in China where many companies like Uber have failed | Business Insider
- THE APP ENGAGEMENT REPORT: The tools and tactics brands, marketers, and app makers can use to keep users... | Business Insider
- A day in the life of 24-year-old Instagram star and personal trainer... | Business Insider
- TOP GOP CONGRESSMAN: 'The people back home are not... | Business Insider
- The Secret Service requested $60 million of additional funding to protect the Trump family | Business Insider
- This is the biggest mistake you can make when dressing 'business casual' | Business Insider