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As would I. The Marijuana industry can benefit greatly from a blockchain payment solution and I think it's just a matter of time before they begin implementing it as a permanent solution.
PSA: If you are investing in these "Bitcoin" companies simply to gain exposure to Bitcoin and other cryptocurrencies, you are in the wrong area. Although these companies may associate themselves with cryptocurrencies, the primary reason for investing in them is for the projects the company itself is working on (ICOs, blockchain applications). If you want exposure to Bitcoin, then go make an exchange account and buy Bitcoin! I can guarantee the exposure will be better than anything you'll find in the form of a stock.
And in regards to this company, I cashed out at $0.92. Rode the pump for a year, but I'm not going to risk it any more. Good luck.
Great advice. With the OTC market, especially crypto-related stocks, you can't really trust anyone. Researching on your own is your best bet.
How do you think people bought them before there were exchanges? There's a reason blockchain is a peer-to-peer network; third-party exchanges are not necessary to trade the currency. If all the exchanges are closed, people will just open forum pages with requests to buy and sell coins, like a Craigslist for cryptocurrencies.
The entire cryptocurrency market just had a fairly big recovery bounce... Should have an interesting effect on the open
Alright haha just had to make sure
I hope that's a joke
Didn't know they had a press release. Here is the accurate dividend info:
https://www.otcmarkets.com/stock/BITCF/news/First-Bitcoin-Capital-Demonstrates-Tokens-Ownership--Confirms-Yesterday-as-Record-Date-for-Dividend--and-Provides-Updates-to-Shareholders?id=169702&b=y
I was pretty close for estimating lol. 3.9% error isn't half bad.
I did a rough calculation with the closing price at 0.36 for BITCF and the price of TESLA at 0.78 around closing time. With a 1% dividend, you are getting about 0.004615 TESLA ($0.0036) per share of BITCF. At 10%, just move the decimal and it's 0.04615 TESLA ($0.036) per share of BITCF. Multiply that by your 1000 shares and you have your answer. Pretty decent dividend IF it's legitimate.
They may say the dividend is 10%, but if you do the math with the example payout scenario they give in the announcement, it comes out to 1%. I have not attempted the XOM conversion yet, but I may do it soon. The company updated their website, which is a good sign I guess, but I still have my doubts.
Realist888: That's incorrect. Here's the actual announcement:
06.09.2017
The following coins will be removed from exchange if their average daily trading volume for last 30 days will not exceed 0.2 BTC. It will not be possible to retrieve these coins after the removal date. Removal date and coin list:
20.09.2017
SixEleven [611], AdvancedInternetBlock [AIB], ArtificalVentureCoin [ARV], BitBay [BAY], BiosCrypto [BIOS], BritCoin [BRIT], BitcoinTX [BTX], CryptoEscudo [CESC], CryptoJacksCoin [CJ], CereiPayCoin [CRPC], Crypto [CTO], DragonDigitalCoin [DDC], DeshCoin [DESH], DoveCoin [DOV], DT Token [DRACO], Droidz [DRZ], Eclipse [EC], ECOcoin [ECON], ElCoin [EL], Eryllium [ERY], EstheticaCoin [EST], FastCash [FCH], FujiCoin [FJC], FutCoin [FUTC], HEAT ledger [HEAT], HitCoinSpecial [HTS], IBCoin [IBC], IslaCoin [ISL], Kcoin [KC], KRCoin [KRC], MobileCash [MBL], Xiaomicoin [MI], MIYUCoin [MIU], MasterSwisCoin [MSCN], NeptuneClassic [NTCC], OpinionCoin [OPNC], PiZZAcoin [PIZZA], PoSW Coin [POSW], ProCurrency [PROC], Quartz [QRZ], RoyalCoin 2.0 [RYCN], SoarCoin [SOAR], Torcoin [TOR], UCoin [U], BTCGold [XBG], ForeverCoin [XFC], GoldenBird [XGB], YoGold [YOG], ZapCard [ZAP], Zclassic [ZCL], BitZeny [ZNY].
FYI (TESLA) is well over 0.2 BTC according to CoinMarketCap.com
How long ago? They've been swamped with requests and the whole suspension/SEC investigation most likely won't speed things up. I requested on July 13 and just received the agreement document on September 8.
And I haven't heard anything about a link.
It's in their BITCF to XOM agreement. You should receive it if you requested to exchange your shares.
Current XOM rate is 0.000186 BTC (like $0.81)
First of all, it's TeslaCoilCoin (TESLA), NOT TeslaCoin (TES). The company is paying out TESLA on September 27 based on how many shares a shareholder has at the end of trading on September 12 (today). They are paying at the rate of 1% of the value of the shares held (based on the price of the stock and the coin at the end of trading today). The second coin that everyone is mentioning is Internet of Money (XOM). This second coin is part of the option for shareholders to directly convert their shares of BITCF to XOM, which is available for the next 5 years. Year 1 rate is 1 XOM for every 1.9 shares, year two 1.8, year three 1.7, etc.
Hopefully that clears everything up.
Yeah once you have XOM just use an exchange to sell them
The second part is just a reminder that cryptocurrencies behave like volatile commodities, not stocks. A lot of people see them as shares and expect them to behave as such, so the company just wants to make sure people know their true nature.
gwallusche: They have had the XOM offer for a few months now. It's basically just an option to convert shares of their stock into a cryptocurrency.
I was kicking myself for selling all my shares on Friday, but I guess that was a blessing in disguise. All my money is in DIGAF for now...at least until this stock recovers. May still load up on shares for the dividend when the suspension is lifted.
Good Luck.
iwanooze: yeah it's called BIT. Basically a cryptocurrency version of their stock but it's not a big mover lol
Took advantage of the dip and got some fresh shares at $1.55... now let's see that climb.
wil318466: I know the feeling lol sold half my position at 0.43 last week and we all know what happened after that...
Does anyone know the exact date for the release of the 2Q Financials?
No problem. I want everyone to know how strong of a company this is.
2Q FINANCIAL REPORT IS OUT: https://www.otcmarkets.com/stock/BITCF/filings
Does anyone know if the 2Q earnings report is actually coming out today?
And there's the aftershock...too bad I bought in 10 minutes before it happened lol. Got more shares either way, now time for the steady comeback.
Sold during the open at $2.025...still waiting for the aftershock to buy back in later. Behaving a lot like it did in April.
Cryptokeeper I completely agree. In the long run (even next couple of months) this stock will be outstanding, but I'm still trying to hang onto my short-term gains. I don't want to be thrown off a cliff like what happened in April.
The stock is strong, but no matter how good the company is that symbol will cause a dip so I'm throwing in a stopper just in case. I'm confident it'll be fine in the next couple weeks though. Good luck.
Mud I did pretty much the same thing over the past 6 months, but hindsight is 20/20 haha. Just gotta be happy with the shares we have.
Appolyonf: Look 3 posts down
I doubt we will see the same kind of gains on Monday, maybe 20% since most investors will be anticipating the release of the earnings. But when those earnings come out, get ready for another breakout. I'm trying to find a reason for this stock to stop it's rise, but I honestly can't. I've been in this stock for over a year and for the first time I can't find a reason to sell some of my shares. I wouldn't be surprised if we saw a steady rise through the Q3 earnings in October, or even November when Singlepoint is expected to complete their WEED coin project for the cannabis industry.
Good luck to all the new guys.
-DMD
ClearThinker: Great idea with the post (very well-written) and I think you're right that we will be seeing an increasing number of new investors. I first bought into this stock at 0.0025 and never thought it would get anywhere close to where it is today.
I'd like to add that investors should check out the moves Singlepoint (SING) is making with their $WEED coin in the cannabis industry since their actions will most likely affect BITCF, and their stock is a very solid investment for those who are interested in another blockchain company.
Another decent company in the blockchain arena is Bitcoin Services Inc. (BTSC) who offer similar services to that of BITCF. I have held shares for a few months now and have been very pleased. It's worth a look.
Anyways that's all I have for now. Good luck investing and can't wait to see those earnings!
Does anyone know when the caveat emptor symbol will be removed? I know it's supposed to be like 30 days after updating info, but it's been well over a month since the symbol appeared.
Slightly larger dip than I was expecting lol, but I'm still holding all my shares for a rebound.
At least it corrected to a solid price that can be backed. I'd rather see a slow and steady gain than a sharp up-tick.
Token is still up, Emercoin is still holding....if there is a dip, it will be followed by a quick rebound.
Check First Bitcoin's token (BIT)...up almost 900% right now.
Also watch Emercoin price this month.
So here's what's happening (I think): About 15 months ago, First Bitcoin signed an evaluation pact with Emercoin to back a lot of the platform's projects, and I believe they have been fairly involved with Emercoin since then. Yesterday, CoinTelegraph released an article about a Russian farmer who used Emercoin's platform to simplify daily activities on his farm (here's the article https://cointelegraph.com/news/blockchain-is-like-badass-tractor-how-russian-farmer-launched-ico). Now, my guess is that given First Bitcoin's tendencies to endorse projects and develop solutions to blockchain applications, investors are thinking they are cooking up a new solution to use emercoin's platform, or other blockchain platforms, for the agricultural industry, which is a huge industry. Combining this, their Bitcoin ATM solutions in the Marijuana industry, and development of XBU and ALT on CoinQX is a recipe for some high rises in stock price, which explains the past few weeks of activity.
That's just my opinion/speculation so please don't take it as facts. I bought this stock for the first time at 0.0025 and just bought more at 0.537. Pretty eager to see what happens the rest of the month/year.