Wednesday, August 30, 2017 9:05:52 PM
Stocks generally trade on anticipation of future revenues more than present reality with the exception of blue chips, but even future anticipation is critical for their stocks to increase dramatically.
Amazon is an example of a blue chip that trades based on anticipation of a dramatically successful future but on very high multiples. Tiny companies showing a great future have a more dramatic potential for increase and trade accordingly.
While cryptocurrencies seem like monopoly money to some there is more than 160 billion in market cap in this new kind of private money and BITCF has its hands full of tons of this junk.
Those who do their research will realize this company actually undervalued their assets for example they transferred some of their coins into Alphabitcoinfund.com for 2 billion ABC which has tremendous value on paper (even if reminding us of monopoly money) and this is an Ethereum token: https://etherscan.io/token/0x036407F23D5E1C1486F7488332CF54bf06E5F09F
Do the math. Many competing Ethereum tokens are extremely popular so ABC could actually follow suit.
If I were short BITCF waiting till the 8th would seem like an eternity with many sleepless nights and probably far more so than being long.
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