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Maybe this will be enough to drive this puppy over $1... Sure would be nice to see !
Thanks, https://en.wikipedia.org/wiki/Bitcoin said that bitcoin is a payment system using no currency to represent its value.
That makes no sense to me so I had better leave this one alone since I don't understand how it can succeed or fail...
Good luck to you guys.
Bitcoin is a peer-to-peer payment system introduced as open source software in 2009. The digital currency created and used in the system is alternatively referred to as a virtual currency, electronic money, or a cryptocurrency because cryptography is used to control its creation and transfer.[4][5] Conventionally, the capitalized word "Bitcoin" refers to the technology and network, whereas lowercase "bitcoin" refers to the digital currency.[6] The Bitcoin system is not controlled by a single entity, like a central bank, and this has led the US Treasury to call bitcoin a decentralized currency.[7]
Bitcoins are created by a process called mining, in which computer network participants, i.e. users who provide their computing power, verify and record payments into a public ledger in exchange for transaction fees and newly minted bitcoins.[8] Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.[9]
Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities.[10][11] In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time.[12] The US is considered Bitcoin-friendly compared to other governments.[13] In China new rules restrict bitcoin exchange for local currency.[14] The European Banking Authority has warned that Bitcoin lacks consumer protections.[15] Bitcoins can be stolen and chargebacks are impossible.[16]
Commercial use of Bitcoin, illicit or otherwise, is currently small compared to its use by speculators, which has fueled price volatility.[17] Bitcoin as a form of payment for products and services has seen growth, and merchants have an incentive to accept the currency because transaction fees are lower than the 2–3% typically imposed by credit card processors.[18] The largest purchase using Bitcoin as of March 20, 2014 was payment for buying a villa in Bali, worth over $500,000.[19]
40 billion gigabytes, (1,073,741,824 bytes) per gigabyte, 8 bits per byte, 1 binary digit (bit), 1 binary digit or a bit is the absence or presence of an electronic signal (0 or 1 respectively).
it takes 4 bytes (32bits) +1 parity bit to represent 1 character of any single character in any known language & numeric system in computer storage.
This I understand. What I don't understand is how a bitcoin could possibly have any value much less how an electronic signal can be mined. There has to be something of value underlying a bitcoin, what is it?
Enlighten me please.
I tried to buy MELY this morning with 40 gigabytes of bitcoins and they declined my offer.
Looks like a good time for an afternoon nap
I still don't get it. all that says is that there are no institutional investors and that there are 228k shares outstanding.
I don't see anything about all of the outstanding shares being owned. It's false information. Just like saying that hemp is way oversold. It's not.
Outstanding shares is 1.5 billion according to investorshub,
nasdaq has the OS 228M... which you know is wrong.
I don't know where the idea that there are no shares in the float came from or what it is about, a pump+dump or what. How would the (whoever started that idea or rumor) account for short volume. I don't have have a clue.
Then there is 'Net-Man' saying that the value of hemp is .015 which is an obvious short tactic. LOL... take a look at this Expert Hack's major holding, FASC. It doesn't even have enough interest in the stock to even have a bid.
He is stuck with it,
First American Scien (FASC)
0.017 ? 0.0 (0.00%)
Volume: 0 @- ET
will be interesting to see what the short volume for hemp reaches today. it was 39% of the volume yesterday which is the highest that it has been since 3-11-14 when it reached 44%.
It's not oversold, yet. 14day RSI has to drop about 11 more points before you can truthfully say that hemp is oversold, 50 is neutral, 70 and above is Overbought, 30 and below is Oversold: HEMP is around 40.
'Trained Monkey' Thank you for your analysis for the 10k, very helpful and time saving. You have a new follower. hit me back if you want. Thanks, AFXM
You are mistaken in your assumption about the bubble imo. Just as the young chump writer for forbes made in an attempt to further his carreer by comparing the medical/recreational hemp production/legalized usage to the dotcom bubble.
Do you know how much Dell was trading for at the beginning of dotcom bubble in the early 90s, Dell's inception ?
Dell was considered to be one of the four horsemen that drove the Nasdaq to 5000 before the market saturation occurred in 2000.
Do you know how much Dell was trading for at the last 2 for 1 stock split before the dotcom burst in 2000.
It traded as high as $134 before announcing the split, then dropped back to $90-$100 just before the final split... I can't remember exactly, I think that may have been thier 8th forward split.
The forbes writer was probably in grade school or diapers at the beginning of the dotcom bubble which was the early 90's. My bet is that your assumption assumption is based upon what you read in that article.
So if it's a bubble it's an early bubble. Make some money and get out !
Do you know the difference between an Aircraft Hanger and a Barn ?
"CEN BIOTECH, Inc. Releases Site Photos of Proposed Medical Marijuana Facility"
http://finance.yahoo.com/news/cen-biotech-inc-releases-photos-130000782.html
As previously reported in the Windsor Star on November 13, 2013,
http://blogs.windsorstar.com/2013/11/12/another-firm-applies-to-grow-marijuana/ we have the required municipal approval as required by law.
I look at charts on all stocks in which I have an interest.
youv'e been on ihub for almost 3 entire months, Thanks for telling me which stocks to avoid charting. That is valuable information that I will file under S4B.
I hope that you make money from here, it means that I will recover some of my loss if you do. I'm tapped out so I can't average down. I'm long also, Good Luck to both of us. 2 promising prs and we are red... go figure.
Looking at the chart it looks like we are headed back to a nickle which sickens me.
How many employees does hemp inc have ?
One Hemp Ambassador per each consulting agreement with a ficticious name, or two to four with last name Perlowin selling stock daily ?
Nobody knows because Hemp inc does not report.
Sorry dude/dudette, I'm not a youtube user. Hemp Inc. needs to be working towards SEC reporting to establish legitimacy.
The Perlowins are a target due to thier outlaw lifestyle. Have you ever heard any mention of Hemp Inc becoming a legitimate SEC reporting corporate entity from Bruce Perlowin as a strategic goal for Hemp Inc ?
I havn't. Common sense tells me that would be the logical goal if Perlowin is operating Hemp inc within the law and is not attempting to hide any of his activities surrounding the company. Otherwise he will remain a target for any wallstreet writer who needs someone to beatup.
Why wouldn't you just remove the target and shut them up ?
Have you ask yourself this question ?
I am not a Bruce Perlowin fan, I am Hemp Inc. investor and I want what is best for my investment.
imo, The best thing for my investment would be to muzzle perlowin and input a ceo with experience running a multimillion $ company successfully.
Smoking our medicine this morning are we ? lol
That's the ticket... a few more moronic "Hemp Ambassador Appointment" prs combined with a couple of silly "Hemp Inc Applauds" prs should send us to a new 52wk low.
Way to go Bruce... Your'e lookin' good.
I promise you that Perlowin is looking out for himself, that's why Hemp Inc is trading on the pink sheets with no consideration of ever reporting governed by the SEC
I have noticed that also. I wish we could get rid of the Perlowin family and hire someone who could at least lend legitimacy to the company.
Growlife could easily acquire GreenGro Technologies.
GreenGro Tech acquired a provisional-patent-pending technology for an efficient medical electronic vaporizer for Cannbidiol (CBD), Cannabis and herbal medicine delivery system last week from Vape Holdings.
Seeking Alpo is nothing but a Cyber Rag. It exists only to manipulate investor/traders. I never pay any attention to anything the Shorts have to say.
I want to see it consolidate here and bring the RSI under 70.
There was a great analogy of Medical/Recreational Marijuana Boom to the California Gold Rush.
Not everyone struck gold but all of them bought picks and shovels.
GrowLife, Inc. is selling the picks & shovels ! :)
Interesting Stat, Colorado college entrance applications have increased by 30 to 40%. I wonder why ? :)
This translates into More Business for Growlife.
LOL... It sounds like a 12 year old is writing the PRs. What a waste of print and money. Did you notice that the stock was actually moving up until Hemp Inc MGT showed stupidity with the release of that sillyA pr. Thanks a lot Hemp Inc !
If MJNA had not gotten rid of perriwinkle and his family, it would be a 12cent stock also. Surely He is not shorting his own stock. You think ?
Below $5 and you are raking in the quarterly div... I bet you are grinning :)
Paul Rosenberg should be on CNN & PBS also. It's hard to understand how they can designate Marijuana as being MEDICAL when one Marijuana cigarette has the equivalent of TAR in it as one entire pack of cigarettes. Using mCig's electronic product, Marijuana could actually be Medical. jmo, afxm
You bet ! Most posters have a problem with someone that post thier thoughts/opinions if they do not fall in line with thier
(Exuberance). Like you I did not like the raising of the Assigned Shares either and as a matter of fact took my profit just before it happened. I did not know what the plan was for all of those shares so I got out of the way and watched. Preserving capital has become very important to me after being burned hear in pennyland many times. You live and learn. That being said, the (14d)RSI moved into overbought territory yesterday so I had to exit. Like they say "better safe than sorry." The RSI may bury though and this run may continue for days.
Thanks for your honesty 'nrcmedia', I appreciate it !
Thx BR, I hit you back. "Boiler Room" is one of my fav flicks also. Took profit yesterday. (14d)RSI getting too high. I always sell too quick, but it's safer that way. GL, afxm
I'll help you out nrcmedia, Great Call....
MemberMark For You !
Posted by nrcmedia 3/3/14
"...the chart is telling us that in the next few weeks PHOT is going to break through .45 and probably reach a .60 to .70 level."
Hit me back if you want.
Another fluff PR today. Why waste the money ? It's only driving the stock price down by posting fluff prs daily.
There is also no need for our x-con fearless leader to post all of his charitable contributions at the bottom of every daily fluff pr. Is that part of a con job ?
You can't get any farther from humility than by boasting to others about your acts of charity. That is not impressing anyone.
Is there any possibility that he and his family will get out of the way and leave Hemp Inc in the hands of those who know how to run a legitimate corporation.
What does a drought have to do with hydroponics ? That's how to grow cannibas.... about a 36 day grow cycle, year round.
All they have to do is move into the marijuana mkt and it's a $5 stock.
$14.60 Pre-Mkt
What are the cnbc chimps saying ?
Hi Johnson, still here ? Nice move for NYMT today...
Do you think it's going to $8 before earnings ?
Think they will beat the whisper# $0.17 ?
Increase Divy ?
TIA, afxm
Ready to say hello to $15+ :)
Spamm for Sunday morning breakfast :)
Ahhh.... the Principle of Contempt Prior To Investigation. You would be a good Juror. :)
'Badali', Thanks for spending your time to put this excellent DD and post together. It is very very helpful. You have another bookmark, hit me back if you want. afxm