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BFT3K

08-26-2014 11:31 AM

Bitcoin Stock - Are you in?

Stock Symbol - BTCS

52 week low $0.09

52 week high $5.26

Currently selling at $0.11

What say you?

CAHEK

08-26-2014 11:34 AM

https://www.moneysmart.gov.au/media/...ce-diagram.png

Famemonster

08-26-2014 11:36 AM

Bitcoin still needs time to develop IMO. If you day trade it you can probally make a ton of cash but not as a long term hold like The Gold ETF (Symbol GLD)

BFT3K

08-26-2014 11:39 AM

Quote:

Originally Posted by CAHEK (Post 20205771)

https://www.moneysmart.gov.au/media/...ce-diagram.png

It's definitely a pump and dump stock, but the unanswerable question is - will it keep going down, or will it swing back soon?

woj	08-26-2014 11:53 AM

it's not a "bitcoin" stock, but a stock of http://www.bitcoinshop.us/

a pretty awful long term investment, they can (and will) be put out of business overnight... as soon as some big retailer starts excepting bitcoins, they are done...

BFT3K

08-26-2014 11:54 AM

Quote:

Originally Posted by woj (Post 20205807)

Yeah, good point. :2 cents:

edgeprod

08-26-2014 11:56 AM

What does that stock have to do with Bitcoin?

BFT3K

08-26-2014 12:09 PM

Quote:

Originally Posted by edgeprod (Post 20205813)

What does that stock have to do with Bitcoin?

Apparently not much - my bad..

Sly	08-26-2014 12:09 PM

Based on this thread, I would suggest you not buy any stocks and stick with mutual funds.

PR_Glen

08-26-2014 12:40 PM

Having a stock for it would pretty much defeat the purpose of the currency in the first place would it not?

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