I was a huge fan of BTSC until I did some deeper searching. I’m a chartist and watch for trends but at some point you have to pull your head out as i recently did and read the details.
So, now that i have determined that the current market value and per share price of Bitcoin Services Inc. is irrationally high relative to the true value of operations, and that the majority market participants in the stock are most likely small unsophisticated retail investors, we can presume that the long term outlook of the stock is poor, with a drop of >90% likely. What is not known is how high speculative traders are willing to bid up the price of the company before the inevitable. At this point you’re gambling.
It might look colorful on the charts but look under the hood like I did. I just sold 250,000 shares because I took the time to look and it’s only a matter of time before others do the same. I think I’d rather own ETH coin anyway.
