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
- Contrarians Take Note: Investors Betting Big on Stocks | Financial Sense
- Caption Contest: Dry-Cleaning Edition | ZeroHedge
- Russian Currency Crisis and Defaults Could Create Contagion in West | ZeroHedge
- Janet Yellen's Last (Considerably Confused) FOMC Press Conference Of 2014 - Live Webcast | ZeroHedge
- The Fed Is Sitting On a $191 TRILLION Time Bomb | ZeroHedge
- New Poll Finds 59% Of Americans Support Post-9/11 Torture – Propaganda, Cultural Sickness, Or Both? | ZeroHedge
- "If They Only Knew How Little You Know" | ZeroHedge
The most relevant financial news and articles from the Internets
- MARCO RUBIO: Cuba Deal Part Of Obama's '... | Business Insider
- It Looks Like Snapchat Paid $15 Million To Buy A Google Glass-Like Startup | Business Insider
- Supply Chain Management: The Next Big Thing? | BusinessWeek
- Here's The REAL Reason Larry David Will Never Do A Final... | Business Insider
- The 180 QX Is A Great Starter Drone [20% Off] | Business Insider
- Ten Things Only Bad Managers Say | BusinessWeek
- 10 Things You Need To Know Before The Opening Bell (DIA, SPY, SPX, QQQ, SEAS) | Business Insider