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Author Topic: I wonder how many people bought this stock thinking they we're buying bitcoin  (Read 1412 times)
El Dude (OP)
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March 10, 2014, 03:59:31 AM
 #1

https://www.google.ca/finance?q=bitcoin&ei=SjgdU-D9H4i5qAHZYQ

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March 10, 2014, 04:00:57 AM
 #2

Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

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March 10, 2014, 04:02:15 AM
 #3

Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

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March 10, 2014, 04:04:10 AM
 #4

Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

HAH That is a good one
I should have listed as Bitcoin
Wonder how that got through the regulators
(Either way it did the exact opposite of bitcoin cliff downwards)

So guys a question
Would you buy Bitcoin  Wink

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joesmoe2012
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March 10, 2014, 04:06:24 AM
 #5

Down 40+% on friday, doesn't seem to be doing so great.

±50mil market cap.

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March 10, 2014, 04:15:17 AM
 #6


As I shown in some other thread, the company was ONLY based on fluff.
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March 10, 2014, 04:15:42 AM
 #7

The shop itself doesn't sell much of anything.
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March 10, 2014, 04:20:34 AM
 #8

Bitcoin Shop Inc is here
https://www.bitcoinshop.us/
It's a BTC site

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March 10, 2014, 04:27:30 AM
 #9

Pump and dump anyone?

My $.02.

Wink

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March 10, 2014, 04:31:28 AM
 #10

How do you prove that Pump and dump exists? 

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March 10, 2014, 04:38:53 AM
 #11

How do you prove that Pump and dump exists? 

You can't, you can follow trends though.  That's how pump/dumps are illustrated, right.
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March 10, 2014, 04:59:51 AM
 #12

Bitcoin Shop Inc is here
https://www.bitcoinshop.us/
It's a BTC site

Not the same though. The publicly traded company we are talking about appears to manufacture touch screens or something like that.

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March 10, 2014, 05:01:30 AM
 #13

Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

Who buys stocks based on google searches?

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joesmoe2012
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March 10, 2014, 05:02:56 AM
 #14

Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

Who buys stocks based on google searches?

Likely people who buy alot of alt-coins

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March 10, 2014, 05:19:25 AM
 #15

Seems like it hasn't anyting to do with bitcoin at all, i wonder why they chose that name.

because when you type in bitcoin , thats what pops up.

Who buys stocks based on google searches?

it happened when twitter went IPO people confused it with a penny stock with a similar symbol

that stock then skyrockted http://www.forbes.com/sites/steveschaefer/2013/10/08/after-twitter-driven-pop-tweeter-stock-flops-with-new-ticker-symbol/

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March 10, 2014, 05:28:57 AM
 #16

Bloomberg did an interview with the CEO. It was a reverse acquisition of a listed shell or something like that if I recall, but it is the first publicly listed bitcoin firm apparently.

Anyway I'm upgrading it from SELL to HODL


                         
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March 10, 2014, 05:36:23 AM
 #17

Bloomberg did an interview with the CEO. It was a reverse acquisition of a listed shell or something like that if I recall, but it is the first publicly listed bitcoin firm apparently.

Anyway I'm upgrading it from SELL to HODL



Im not going to touch it unless I know some actual information about what they do...

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March 10, 2014, 05:37:11 AM
 #18

it happened when twitter went IPO people confused it with a penny stock with a similar symbol
that stock then skyrockted http://www.forbes.com/sites/steveschaefer/2013/10/08/after-twitter-driven-pop-tweeter-stock-flops-with-new-ticker-symbol/

Indeed, FINRA halted trading on TWTRQ,  so they probably guaranteed an early loss for those folks,   then a couple days later, halted trades and quotations for ALL  OTC stocks -- the entire OTC market for a few days.  TWTRQ was forced to change their ticker symbol,  because of Twitter idiots.

Then in January, after Google's acquisition of NEST.....   Penny stock Nestor   spiked  over 1900%
http://www.latimes.com/business/technology/la-fi-tn-google-nest-nestor-penny-stock-1900-20140117,0,3679837.story#axzz2vXEQeyTx

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March 11, 2014, 05:53:05 AM
 #19

it happened when twitter went IPO people confused it with a penny stock with a similar symbol
that stock then skyrockted http://www.forbes.com/sites/steveschaefer/2013/10/08/after-twitter-driven-pop-tweeter-stock-flops-with-new-ticker-symbol/

Indeed, FINRA halted trading on TWTRQ,  so they probably guaranteed an early loss for those folks,   then a couple days later, halted trades and quotations for ALL  OTC stocks -- the entire OTC market for a few days.  TWTRQ was forced to change their ticker symbol,  because of Twitter idiots.

Then in January, after Google's acquisition of NEST.....   Penny stock Nestor   spiked  over 1900%
http://www.latimes.com/business/technology/la-fi-tn-google-nest-nestor-penny-stock-1900-20140117,0,3679837.story#axzz2vXEQeyTx

Just goes to prove that some people are idiots and throw money when they shouldn't
Unless they speculated
Still might be worth a few bucks see if people fall for that fallacy with Bitcoin the Google Search stock lol

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March 11, 2014, 06:03:48 AM
 #20

Bloomberg did an interview with the CEO. It was a reverse acquisition of a listed shell or something like that if I recall, but it is the first publicly listed bitcoin firm apparently.

Anyway I'm upgrading it from SELL to HODL



Im not going to touch it unless I know some actual information about what they do...

Nobody in this thread has done any research on it?

Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as Bitcoin, by searching through selection of over 400 categories and over 140,000 items.

Who said the shop itself doesnt sell much?   140,000 items ....  all in Bitcoin.

They're going for the "Amazon.com of Bitcoin" title ... by reselling as many things as possible.

All Bitcoin stocks are "new" and base priced, and just starting.  To my knowledge there are only 4 companies so far:

WPCS           $1.76   eTrade for Bitcoin, Limit/Stop Orders, Use any exchange.

BTCS          $1.80   Amazon.com of Bitcoin purchases. Over 100,000 products.

MYRY           $0.04   CryptoCafe.com - Spend any cryptocurrency with phone.

SMME           $0.21   Biometric Fingerprint-secured Bitcoin Credit Cards.


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