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Yes and even larger Red flag. If they had to report on their financials what little investors they have would most likely jump ship.
No merger? Imagine that. So what will they do now since all they have is pocket lint? They aren't mining anything. I guess buying that ticker wasn't worth it to BCG after all.
Since regulation is coming why would you subject yourself to that scrutiny? I am not sure what Australia is doing in terms of Crypto regulation but I will bet you 10 bitcoins they aren't as stringent as the U.S. would be.
If the Australian company (BCG) were smart they would list themselves on Binance and leverage whatever it is they are doing to make themselves even more money.
Even their company seems sketchy.
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=274633620
"Blockchain Global and its networks have facilitated hundreds of blockchain and cryptocurrency startups, investments, seminars, and meetups, which have involved participants from across the globe. By 2020 we aim for the global reach to achieve these numbers."
The SEC barely has enough investigators to keep watch of the wolves on Wallstreet. It will take them years to prosecute the Ponzi Schemers and even longer for the guys who put out "EMERGENCY MEETING!" pod casts to bilk subscribers out of 3k to join their super secret squirrel newsletter which tells them which crypto currency they recommend to buy ahem "to Pump".
I guess they have their get out of jail free card "I am not a professional financial advisor".
Regulation is coming, nobody wants it but it's the fault of the scammers. Savings and Loans 1980s and 1990s and the creme de la Creme, Housing bubble of 2006's. Every 10 years it's another pile of dog crap. same shit different smell.
As of today Feb 5th 2018 anyone who owns crypto-currency has become a long term bag holder.
Bitcoin is not going to recover. 5k By Feb 15th. Then it will crash below 2k to settle at $2500 and stay that way for 2 to 3 years.
Block-chain will stagnate because fear in the markets will scare investors away.
It needed to happen to weed out the ICO's that are just pure crap.
It's not just bitcoin all the alt coins are dropping also. The only coin that is stable is Ethereum.
What is this company doing? Are they mining? No
Whatever cryptocurrency they hold is now down.
If these guys had something they would have climbed the highest mountain and yelled their lungs out.
Still clinging to hope based on a merger where the only real asset they own is a 4 letter ticker symbol.
This is a very cool article. This is related more to what this company wants to do.
https://www.aljazeera.com/indepth/inpictures/world-chinese-bitcoin-mining-180116112117869.html
Can my article stay up without being banned Mr. Moderator?
Heck just rename the company Tech BlockChain.
It will hit $1
It's just the beginning.
In English what that means for shareholders is you have become a long term bag holder. Who is going to merge with these guys? They have nothing. That amount of money in their coffers is squat.
That news release should have included "We are currently in talks with other companies"
So now it's another 180 days before any news is released.
I'll stick my neck out. I see this stock going back down to the .08's
Not a Blockchain but something better?
https://hashgraph.com/ Watch the videos.
TechnicalTitan is not pumping. He is providing technical analysis.
I rather have that than people speculating.
That's awesome but a 22,000 employee company is not the same as this company who has maybe less than 10 employees.
(Listed on the stinky Pinkies)
You are in an established company.
The mergers I have been involved in always produce redundant jobs so those employees are gone. In fact it's something like 10% to 20% of employees are pushed out in one way or the other.
You can't compare a health care company to this one. It's not an even comparison.
Well lets see. I'll give you one reason
Those other companies are listed on the NASDAQ and this one is listed on the stinky pinkies?
Didn't need American Bulls. I stated that this morning. Being in cash is more powerful.
Again. It's pie in the sky. I hope they succeed but that last paragraph is all fluff and no meat.
In August 2017, BTCS announced a non-binding letter of intent to merge with Blockchain Global, an Australian technology company that is building a blockchain ecosystem to capitalise on the current surge in interest in blockchain, bitcoin’s underlying technology. It is involved in mining, consulting and incubation. The incubation division plays a key strategic role as it ensures it remains at the cutting edge of innovation in blockchain.
HUH? they are building a blockchain eco system? WTH is that? I stated this before. WHO? WHAT?
Unless they have a team of developers which is highly unlikely they aren't building DIC.
What they should state because that is more accurate. We are seeking to invest in a number of highly focused Blockchain companies that are leveraging the infrastructure of Commerce, Financial and Product distribution.
They should hire me because that whole paragraph is full of crap.
I smell a ClayTrader video coming.
Ahhh This is Claytrader and we gonna look at BTCS. What do I mean when I say the bears won today. Well these lines here just ignore them. Each line means 15mins worth of the days trading.
So let me draw these lines here to indicate that the bears won today. But we gotta look at support because well It makes a cool line here and ahhh. More Lines. and heck more redlines.
So yeah this is after the fact but it makes a cool video.
If you want to subscribe to my videos predicting the fact that after the fact I can draw lines telling you that Captain Obvious stopped by. Well ahhh.
This announcement should send the stock back down to .05 or .08.
But in these markets anytime a stock mentions Blockchain stocks are making 100% gains in a day.
https://www.otcmarkets.com/stock/BTCS/news/TimefireVR-Shifts-Primary-Corporate-Focus-Towards-Strategic-Investments-in-Blockchain-Technology-and-Potential-Related-Acquisitions?id=179561&b=y
What do I know. STAY IN CASH!
You see. This is a bunch of BS. The first line says it all
today announced shifting its primary corporate focus towards the strategic investments in crypto currency and potential acquisitions of blockchain technology
Riiiiigghttt they are going to Potentially acquire block chain companies.
Which is code for pie in the sky predictions. Nobody is going to want to sell their Blockchain tech. They will release coins or tokens. They don't need their money these Blockchain developers are doing it on their own.
I'll state it again. The most powerful position to be in right now is cash. There are too many variables to go wrong with this stock.
What do you mean "True Blockchain" play?
That means nothing.
Does that mean they are going to develop a blockchain?
Who are the members of the developer team? Nobody? yeap means nothing.
They are going to invest in Blockchain companies? Well you can do that on your own.
Get yourself a Binance account and buy all the blockchain you want in some cases you can buy direct from the blockchain companies themselves.
You are pumping bro.
Nobody knows what will happen after the reverse merger happens.
Could be $1 could be $10 could be $100. But of course people reading this will look at the $100 and throw all logic and sense out the window.
Your guess is as good as mine and or everyone else.
What BlockChain? Come on guys, how can you like something if you have no idea what blockchain they are investing in? You are pumping.
I for one would love to see it go supernova but how about a steady rise based on a Blockchain being utilized and in demand?
You know the story about the young bull wanting to run down and get one of those cows? But the older bull stating let's walk down and get them all.
What about them? Finished LOD .2750
Ugg, another me too crypto story. I bet all their buddies were tipped off about this announcement.
Here are some real details.
Chanticleer expects to roll out the technology across all of its restaurant brands before the end of 2018.
An important bit of context here is that Chanticleer is not a particularly valuable company—even after the recent jump. On Friday, the company's market capitalization was around $8 million. The blockchain announcement pushed it up to $12 million. In a world where all dogecoins in circulation are worth around $1 billion, Chanticleer Holdings is a small fish. So it doesn't take much to make its stock soar.
Nothing solid but people are pontificating what this stock will do.
1. What blockchain companies will this "stock" invest in?
Answer Who knows!
Blockchain is powerful and not yet mainstream there are several companies who are doing great things and others that are outright scams or they believe they are "making the world a better place"
I suggest you read up on on every company doing great things in Blockchain. You owe it to yourself and to your finanacial future.
Heck why even invest in this company while you could have invested in TRON? or Ripple?
Seriously guys you are pumping a ghost. Do your DD.
Watching..................................................................... hmm Still watching..............................................................
Bitcoin created by the NSA? hmm so my question is if it was would people dump it? Would all the "And to make the world a better place" people jump off tall buildings?
I guess the one world currency is coming after all? Didn't the tin foil hat zealots warn us about this?
Lot's of pontificating going on about this stock.
It's 50/50 and the news has been null.
Never ever fall in love with a stock and there are a lot of traders here who are. The FOMO is strong in this one.
Disclaimer I am not invested, I sold out last week. Cash is a more powerful position to be in at this point.
BlockChain is exciting but I would ask a lot of you guys to bone up on a lot of these companies by going to youtube and listen to what a lot of these guys are saying. Take everything with a grain of salt. There is a lot of shady stuff going on. The term pump and dump applies to the Block Chain kiddies also.
As if it affects this stock. Bitcoin is going to keep crashing. I am waiting for the big one should take it down 50% or more and since a lot of these Crypto kids have never invested in a stock before and have no concept of a market correction I see a major drop. The good ol morning panic will be nothing it's going to be glorious. If you don't see the opportunity then what can I tell yah.
To think Clay is manipulating this stock is absurd. He may have some influence but clearly not manipulation. That's like saying a drop of fresh water can affect the saltiness of the sea.
I am not defending him but to point out the absurdity of the manipulation statement.
If you want to see manipulation look at all these guys creating ether coins out of thin air, then these podcast/YouBoob snake oil salesmen telling you to join their newsletter because they have an inside track to which crypto currency is going to go up. THAT is manipulation. By the time the SEC gets involved all those guys will have made millions selling newsletters. Then comes the apology letters while they are sipping Mai Tais on some beach in the Caribbean while they make another video with them holding up a cell phone filming themselves getting you all nauseous from the shakiness of both them being drunk and not being able to stand up straight.
Ouch, this thing is taking a hit.
Unless the stock does so many reverse splits that you end up with half a share and you get closed out.
This David Garrity? https://www.investopedia.com/contributors/54335/
I congratulate all you longs. You deserve it! I hope all the ones who have been in this thing for over 6+ months now make serious bank.
If you are watching the stock why are you setting a stop loss? When you set a stop loss MM's see those and when enough people have set those it can cause a panic.
Also setting a stop loss does not necessarily mean your order will execute. If the stock drops fast enough especially with these OTC pinks your order may not execute.
This depends on which brokers you use, some have better executions than others.
Looks like the run is over.
mrmatthorner it's a penny stock what do you expect? 99% of Penny stocks go bankrupt within the first 5 years.
This is nothing out of the ordinary for these snake oil salesmen to start a "company" list it on the stock exchange and milk naive investors of their cash on the promise that Tulips will be the next cash currency. If Bitcoin was a million dollars a share this stock would still be under a $1.
Never fall in love with a stock
99% of these penny stock will go broke within 5 years
Don't believe what anyone else here says even me. What do I know?
Treat all penny stock like the POS they are.
If you think a Reverse Merger or Reverse Split is good you have not been trading stocks long enough.
Most if not all end up going bankrupt in 2 to 5 years.
You just turned into a hostage long term Investor with no way to cash out because you are so far in the hole you would cry if you sold.
Reverse Splits are never ever good, great for the company but when you have 40k of shares in a company and it goes from .70 a share to 6.00 and you now own 5k of shares and EOD it's below $3.00, you lost 50% or more of your investment. Then as the year goes buy it slowly sinks to under $1.00 a share again. What do you think the company will do? That's right! another Reverse Split!
Oh yeah Reverse Splits are oh so good. NOT
I have yet to ever see a Penny Stock company take care of it's investors in a Reverse Split or Reverse Merger. These guys can sell ice to Eskimos and they are the epitome of sleazy salesmen.
I refer you to DCTH which is now DCTHD if you want to see what it feels like being in a R/S ask those guys. It went under $1.00 in less than 2 weeks! it's at .0899. Break even is $47 a share!
Beware the new accounts pumping this. Play the stock as you see it, not based off what Bitcoin is doing. This reverse merger hasn't happened yet and anything can happen and most often the Shareholders are the ones who get the short end of the stick.
Willie1a Nice Explanation!