Replies to post #14779 on BTCS Inc (BTCS)

[pie777]

There is a possibility for a turnaround with BTCS.

Bitcoin is from 890 to 997, and may go over 1000 per coin this week.

BTCS has about 24 million in debt, and if Charles starts an altcoin exchange, there could be over 200 million in revenues, with about 20 million per year in profits.

Mining bitcoin, and other altcoins is not profitable right now, unless one had help from the government to supply free electricity with the facility in Alaska, where for the most part, miners are just hanging on, and waiting for the price of bitcoin to increase past 2000, since the last halving of bitcoin has made it not profitable.

[The Claw]

The reset button is the reverse split they are doing but with the amount of debt still on hand and ready to be dumped its not going to do much. The fact management is selling based off the past two form 4s doesnt scream confidence either.