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Very boring... Hoping I'll get the chance to increase my position
You stated as fact that BTCS has NO plan. Here is what you find with just a few minutes of DD "BTCS plans to create a portfolio of digital assets including bitcoin and other "protocol tokens" to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. BTCS intends to acquire digital assets through: open market purchases, participating in initial digital asset offerings (often referred to as initial coin offerings). Additionally, BTCS may acquire digital assets by resuming our transaction verification services business (often referred to as mining) through outsourced data centers and earning rewards in digital assets by securing their respective blockchains. BTCS is also keenly focused on growth through acquisition" this was in the press release that mentioned the signing of the LOI.
No LOI? Lol and it's obvious that their is no 8K to finalize the merger because it hasn't happened yet. I'm going to do your DD for you. I'll be back with the necessary info along with sources
That's why the merger is so important.
Amazing. I remember that big a big discussion about weather or not our shares would be diluted or reverse split 1/10. Thanks for the early Christmas gift lol
The money maker in BTCS isn't really crypto...it's block chain. Crypto does add it's value though. Btc is 13 grand, still A LOT higher than it was 2-3 months ago despite the drop yesterday. Those who invested in BTC still made out like fat cats
Yes but post S1 BTCS stated that they paid out bonuses so it's unlikely for them to up and vanish
For all of you who missed it yesterday, their was a discussion in regards to what would happen if the merger didn't go through by end of year 2017 as listen in 10q page 23 on 11/7/17. This is the response I received after my e mail to BTCS
"Please review the recently filed S1-A filed on November 29th and our subsequent SEC filings. Events that occurred after the filing of the 10Q such as the fact we raised $1m is not reflected in it. We have expereiced delays in receiving information from BCG which is disclosed in the S1-A apart from that we can not sharing any further information.
Feel free to reach out if you have more questions."
They won't give any info on the merger. I asked yesterday. They said that they were having difficulty with communication. I will repost the e mail upon request
1. It's unlikely that the CEO and coo will resign and 2. It's unlikely that the merger won't happen. However...if you feel the need to protect yourself than by all means do so. We're all adults and we all understand the risks involved. DONT BET THE FARM!! if you want to be like that fella who posted yesterday that took out a second mortgage for BTCS that's your choice...I would never personally do that but I make my own choices
Yes BTCS will surpass 1.0 before we know it. Just hold long and watch it grow. When BTCS finally pops ill be walking around looking like Mr. Peanut lol
Give it time, be patient...the price drop is expected and no cause for alarm
Scoop up what you can!!!
They get to resign for good reason. The bonuses they received were obviously an incentive to make them stay. What's with all the panic? Just read between the lines and mellow out. Yes though, it does add a pucker factor...I'll admit that
Lol
I'm still optimistic, the reasons for the btc price drops are obvious and in my opinion, nothing to worry about
Everyone knows BTCS is a dead fish without the merger. The merger is imminent, That's why we're here. It's not like BTCS was dead, then started calling themselves block chain. That's how you make it sound. You're obviously talking about NETE. Reasons to keep BTCS are obvious. Look at who they have on their board. Read about the potential merger. Ask any question...I will do research for you if I have to. Everything about BTCS screams buy.
It was just a matter of time
Absolutely, SHOM, through it's horror, has taught me a lot though. I've blocked those pesky P&D e mails and perform proper DD before investing. We've all been there. Who knows what'll happen with this stock. Just hope for a miracle I guess.
SHOM was my first buy when I started investing. Out of ignorance, I fell for one of those pump and dump e-mails and thought SHOM was going to take off. Since then, I have not been able to get a response from them. I'm still holding my position mainly because I'm down 50%. Hoping another pump up comes along soon so I can dump this POS. SHOM shows complete disregard for it's share holders.
Until we have news on the merger, BTCS is going to be a roller coaster. We're going to have days with massive gains and days that beat us down to nothing. The green days don't mean the merger has gone through and the red days dont mean the merger is dead. Just relax, ride it out and wait for the news. We are on track for the merger, everything points to yes. Not a single cause for alarm.
That's one way of looking at it
Absolutely. Investor relations exists for a reason and they have an e mail address for a reason as well. When in doubt, just shoot them an e mail. My blood pressure dropped significantly after receiving that reply lol I am at peace again.
That the statement made in the 10Q in regards to a deadline being end of year 2017 is no longer valid. After receiving their funds to settle debts, BTCS is clear to ride until merger does go through (or doesn't). So as of now, no cause for alarm. Their is no crunch time.
Just received my reply from BTCS investor relations about my inquiry about Page 23 of the 10Q filed in november. This is what they said
"Please review the recently filed S1-A filed on November 29th and our subsequent SEC filings. Events that occurred after the filing of the 10Q such as the fact we raised $1m is not reflected in it. We have expereiced delays in receiving information from BCG which is disclosed in the S1-A apart from that we can not sharing any further information.
Feel free to reach out if you have more questions.
Regards"
No problem, that guy's a joke.
Do you or do you not hold a position in BTCS
This guy...
I'm in BTCS all the way, I'll go down with the ship if I have to. I had a position in NETE but sold last week...not making that mistake again.
Thank you, that's the 10q btw. I read and saw it. Possibility that is up to interpretation, I'm obviously operating on faith with that statement but I'll e mail BTCS and ask for clarification.
Thank you. I will look back into that right now. That's the 10K released on 6/2017?
Also, we were not notified about the LOI until August 2017, 10K was released in JUNE 2017
I just finished reading through the entire 10k...what you said is false. If I over looked the portion of the 10k that's states a mandatory dead line for the merger, please tell what Page number it's on.
Lol funny all these shorts are trying to claw their way back in. Sold way to early didn't ya? Have fun buying in at .2 or .3. no use trying to drive it down, BTCS is a rocket. Eventually it's going to take off. Not one single reason to doubt that fact.
Oh the fickle world of trading lol
I sold NETE last week....I'm furious
Shut up
This is the same thing we've all know already. The S1 does not specify that they are leaving on the 22nd just that they are allowed to. They will leave if the merger does not go through...that is a fact we've known since the S1