GOING AGAINST THE GRAIN HERE.
First I will seat off by saying that I bought into this stock at the wrong time and wish I didn't break the biggest rule of pennies: do not buy in the first hour of trading.
That being said, my position is worth less at the moment but I havent lost because I haven't sold. I haven't sold because this stock will turn around. Here is my train of thought:
Bitcoin is a currently used currency across the globe. I do believe this is the future of money. The instant transfer of funds can be useful in so many different applications. One great example is in the stock market. Imagine if you could buy a bit coin and not have to perform a bank wire to transfer funds into your trading account?
I also think the future bears no wallets. Identification cards , cash , membership cards etc will all be digital. Your cell phone will essentially be your wallet. Bitcoin will be the foundation of this new era.
I have TOUCHED on only two long term benefits of bit coin. Now I will explain why I think this is going somewhere in the short term. BYSD has just sold the oil sector to focus on bit coin. They have released vault51 which has already proven to be a success. They just launched vault 51 throughout Europe . The price of vault 51 has increased to almost 20%. That means people are buying it! People love the concept of bit coin but dislike the security breaches. Vault 51 is a bandaid for this. At the moment vault 51 is the most secure form of bit coin. Why would you buy any other bit coin. The combination of this logic and the fact that they just launched this globally is going to generate massive revenues right away. BYSD will report these revenues to us and they will be huge.
Forget all of the shorting because that's all this was. The masses came in rode the wave up, shorted the wave down and they WILL cover and ride it up again. PR s will
come soon and they will not be
ineffective. A company generating mass revenues and innovating a product that begs for innovation is a buy in my book.
That being said, I think this stock can be a home run in the short term and the same people who shorted this will be making money for a third time on the ride back up. All in my opinion. What Is yours?
