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Topic: I wonder how many people bought this stock thinking they we're buying bitcoin (Read 1431 times)

hero member
Activity: 924
Merit: 1001
Bloomberg did an interview with the CEO. It was a reverse acquisition of a listed shell or something like that if I recall, but it is the first publicly listed bitcoin firm apparently.

Anyway I'm upgrading it from SELL to HODL



Im not going to touch it unless I know some actual information about what they do...

Nobody in this thread has done any research on it?

Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as Bitcoin, by searching through selection of over 400 categories and over 140,000 items.

Who said the shop itself doesnt sell much?   140,000 items ....  all in Bitcoin.

They're going for the "Amazon.com of Bitcoin" title ... by reselling as many things as possible.

All Bitcoin stocks are "new" and base priced, and just starting.  To my knowledge there are only 4 companies so far:

WPCS           $1.76   eTrade for Bitcoin, Limit/Stop Orders, Use any exchange.

BTCS          $1.80   Amazon.com of Bitcoin purchases. Over 100,000 products.

MYRY           $0.04   CryptoCafe.com - Spend any cryptocurrency with phone.

SMME           $0.21   Biometric Fingerprint-secured Bitcoin Credit Cards.

legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
it happened when twitter went IPO people confused it with a penny stock with a similar symbol
that stock then skyrockted http://www.forbes.com/sites/steveschaefer/2013/10/08/after-twitter-driven-pop-tweeter-stock-flops-with-new-ticker-symbol/

Indeed, FINRA halted trading on TWTRQ,  so they probably guaranteed an early loss for those folks,   then a couple days later, halted trades and quotations for ALL  OTC stocks -- the entire OTC market for a few days.  TWTRQ was forced to change their ticker symbol,  because of Twitter idiots.

Then in January, after Google's acquisition of NEST.....   Penny stock Nestor   spiked  over 1900%
http://www.latimes.com/business/technology/la-fi-tn-google-nest-nestor-penny-stock-1900-20140117,0,3679837.story#axzz2vXEQeyTx

Just goes to prove that some people are idiots and throw money when they shouldn't
Unless they speculated
Still might be worth a few bucks see if people fall for that fallacy with Bitcoin the Google Search stock lol
member
Activity: 93
Merit: 10
it happened when twitter went IPO people confused it with a penny stock with a similar symbol
that stock then skyrockted http://www.forbes.com/sites/steveschaefer/2013/10/08/after-twitter-driven-pop-tweeter-stock-flops-with-new-ticker-symbol/

Indeed, FINRA halted trading on TWTRQ,  so they probably guaranteed an early loss for those folks,   then a couple days later, halted trades and quotations for ALL  OTC stocks -- the entire OTC market for a few days.  TWTRQ was forced to change their ticker symbol,  because of Twitter idiots.

Then in January, after Google's acquisition of NEST.....   Penny stock Nestor   spiked  over 1900%
http://www.latimes.com/business/technology/la-fi-tn-google-nest-nestor-penny-stock-1900-20140117,0,3679837.story#axzz2vXEQeyTx
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Bloomberg did an interview with the CEO. It was a reverse acquisition of a listed shell or something like that if I recall, but it is the first publicly listed bitcoin firm apparently.

Anyway I'm upgrading it from SELL to HODL



Im not going to touch it unless I know some actual information about what they do...
sr. member
Activity: 358
Merit: 250
Bloomberg did an interview with the CEO. It was a reverse acquisition of a listed shell or something like that if I recall, but it is the first publicly listed bitcoin firm apparently.

Anyway I'm upgrading it from SELL to HODL

hero member
Activity: 770
Merit: 500
Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

Who buys stocks based on google searches?

it happened when twitter went IPO people confused it with a penny stock with a similar symbol

that stock then skyrockted http://www.forbes.com/sites/steveschaefer/2013/10/08/after-twitter-driven-pop-tweeter-stock-flops-with-new-ticker-symbol/
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

Who buys stocks based on google searches?

Likely people who buy alot of alt-coins
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

Who buys stocks based on google searches?
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Bitcoin Shop Inc is here
https://www.bitcoinshop.us/
It's a BTC site

Not the same though. The publicly traded company we are talking about appears to manufacture touch screens or something like that.
member
Activity: 81
Merit: 10
How do you prove that Pump and dump exists? 

You can't, you can follow trends though.  That's how pump/dumps are illustrated, right.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
How do you prove that Pump and dump exists? 
sr. member
Activity: 476
Merit: 250
Pump and dump anyone?

My $.02.

Wink
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
legendary
Activity: 910
Merit: 1000
The shop itself doesn't sell much of anything.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Down 40+% on friday, doesn't seem to be doing so great.

±50mil market cap.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

HAH That is a good one
I should have listed as Bitcoin
Wonder how that got through the regulators
(Either way it did the exact opposite of bitcoin cliff downwards)

So guys a question
Would you buy Bitcoin  Wink
hero member
Activity: 770
Merit: 500
Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.
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