First Bitcoin Capital Corp (BITCF)

[ClearThinker]

NOOBS: This is for you, as I see alot of you on the board and I imagine there will be alot more after today's rise.

The longs on this board did their due diligence with BITCF. A few months back, BITCF did an ICO ("initial coin offering"). The company explained that the proceeds from the ICO would PAY OFF ALL DEBT on the company and that would be shown in Q2 earnings (to be reported on Aug 15, 2017). So if you look at the chart, you will see in March/April it went from $0.10 to $0.80.

Then you will see it crashed down to $0.20. Why? OTC Markets issued a caveat emptor on the stock. The Caveat emptor (known as skull and crossbones) was due to nothing other than a clerical error. Their paperwork was not in order. That is the reason why it went down and Ameritrade and others blocked some of you from trading it. The caveat stayed for a month, as required by OTC. It was released in early May.

Today, there should really be no reason for any firm to restrict you from trading BITCF. The caveat is gone, and it was all from paperwork not being filed correctly. Scott Trade and some others currently allow trading.

Since then the company has done 2 more ICOs and profits are expected to be large. However that will show up in Q3 earnings (Oct 15).

If you look at Q1 financials, it shows a small $7K profit, and showed they are not sucking the company dry of ridiculous SGA expenses (the way other penny stocks do).

By May, the longs knew the days of this being a penny stock were limited, and Q2 earnings would probably launch it in to the dollar ranges. Combine that with a spike in Bitcoin prices this week gave it more investment attention.

That is why the stock rose 300% in the last 5 days.

Last week, BITCF also announced an innovation; those that owned their stock would also get as a dividend some of the company's ALT Coins that were ICO'd. This was never done before for a public company.

As for other bitcoin related stocks out there, there is lack of other good Bitcoin related plays:

MGTI is a complete ripoff (They LOSE between -$6M to -$10M a quarter).
HSHS and BTCS are non-reporting, out of business or scams.
GBTC is way overpriced compared to the current price of bitcoin (google it).

BITCF comes as a logical best choice. They are profitable, have no debt, are innovative and have the best upside so far.