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
- Positive Start to Q2 Earnings | Financial Sense
- Insolvent Chinese Construction Company Gets Last Minute Bailout, Avoids China's Second Bond Default | ZeroHedge
- "The West's Public Enemy Number One" | ZeroHedge
- Flight MH-17 Black Boxes To Be Analyzed In "Impartial" London | ZeroHedge
- The Baltic Dry Index Collapses To 18-Month Lows; Worst July Since 1986 | ZeroHedge
- Trade Ideas For Wednesday | iBankCoin.com
- Checking Out the Junk in the Trunk | iBankCoin.com
The most relevant financial news and articles from the Internets
- Airbnb Host: A Guest Is Squatting In My Condo And I Can't Get Him To Leave... | Business Insider
- JIM CRAMER: Bill Ackman Is Going To Annihilate Herbalife | Business Insider
- RORY MCILROY: How Nike's $200 Million Man Spends His Money | Business Insider
- A Reliable Indicator Of Commercial Real Estate Construction Is Signaling... | Business Insider
- ... | StreetInsider.com
- How To Respond If Somebody Holds A Gun To Your Head | Business Insider
- Why Chasing 'Extrinsic Goals' Can Wreck Your Happiness | Business Insider