Bitcoin Related Stocks

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Old Dec 12, 2013, 5:38am   #1
 
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Bitcoin Related Stocks

So I think Bitcoin is here to stay and I feel companies using bitcoin have huge potential to increase the value of stocks. Recently ETAK has gone up a lot over the past 3 months and there is definitely a correlation with Bitcoins increase.

What do you guys think of these companies in relation to bitcoin
Can you guys point me to other publicly traded companies that use bitcoin?

CHAG subsidiary, Pimovi has released a bitcoin enabled mobile app called Camfusion

mCig (MCIG) accepts bitcoin as payment for their herbal electronic cigarettes

Elray Gaming which is part of Elray Resources Inc (ELRA) and is trying to have online gambling site which accepts bitcoin also..

For those not aware of bitcoin here are a couple articles relating to it (I'm sure you all are)

Love it or hate it, Bitcoins are a national craze - http://www.usatoday.com/story/tech/2...vegas/3902451/

Time to take the Bitcoin bubble seriously - http://www.ft.com/cms/s/0/4ad1bba0-6...44feabdc0.html
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Old Dec 27, 2013, 11:05am   #2
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Originally Posted by vintagetrader View Post
So I think Bitcoin is here to stay and I feel companies using bitcoin have huge potential to increase the value of stocks. Recently ETAK has gone up a lot over the past 3 months and there is definitely a correlation with Bitcoins increase.

What do you guys think of these companies in relation to bitcoin
Can you guys point me to other publicly traded companies that use bitcoin?

CHAG subsidiary, Pimovi has released a bitcoin enabled mobile app called Camfusion

mCig (MCIG) accepts bitcoin as payment for their herbal electronic cigarettes

Elray Gaming which is part of Elray Resources Inc (ELRA) and is trying to have online gambling site which accepts bitcoin also..

For those not aware of bitcoin here are a couple articles relating to it (I'm sure you all are)

Love it or hate it, Bitcoins are a national craze - http://www.usatoday.com/story/tech/2...vegas/3902451/

Time to take the Bitcoin bubble seriously - http://www.ft.com/cms/s/0/4ad1bba0-6...44feabdc0.html
Not really sure that this type of business can get into IPO or any other stock.
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Old Dec 31, 2013, 10:04pm   #3
 
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Raises the interesting question whether there will be a 'bitcoin ETF' in future. If rejected by the exchange that would end the question of it being a legitimate currency.

Be wary of the 'take advantage of the bubble' psyche, the speculative demand is driven by this, but inevitably somebody who follows this loses, as everyone else has cashes in. Don't finish last.

Last edited by JamesWright; Dec 31, 2013 at 10:07pm.
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Old Jan 8, 2014, 8:22am   #4
 
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Since bitcoin price is back on track, investing now will be a smart move. Indeed, you either have to love or hate it.
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Old Jan 8, 2014, 12:17pm   #5
Joined Jul 2013
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Originally Posted by vintagetrader View Post
So I think Bitcoin is here to stay and I feel companies using bitcoin have huge potential to increase the value of stocks. Recently ETAK has gone up a lot over the past 3 months and there is definitely a correlation with Bitcoins increase.

What do you guys think of these companies in relation to bitcoin
Can you guys point me to other publicly traded companies that use bitcoin?

CHAG subsidiary, Pimovi has released a bitcoin enabled mobile app called Camfusion

mCig (MCIG) accepts bitcoin as payment for their herbal electronic cigarettes

Elray Gaming which is part of Elray Resources Inc (ELRA) and is trying to have online gambling site which accepts bitcoin also..

For those not aware of bitcoin here are a couple articles relating to it (I'm sure you all are)

Love it or hate it, Bitcoins are a national craze - http://www.usatoday.com/story/tech/2...vegas/3902451/

Time to take the Bitcoin bubble seriously - http://www.ft.com/cms/s/0/4ad1bba0-6...44feabdc0.html
Alternative currencies proving very volatile and highly speculative. Too many out here now for my linking. Everyone jumping on the bandwagon. There is demand for them, but media-driven more than truly fundamental. People chasing the big moves. A bit like small-cap stocks. Not a proper/safe store of value, lacking any real intrinsic value, usability and wide acceptance. Nonetheless, central bank and regulator warnings/curbs are acknowledgements of growing interest and adding fuel to the fire. Not real currency, but gains are taxable! Big gains possible but big losses too. Trade carefully.
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Old Jan 22, 2014, 5:48pm   #6
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Bitcoin won't live too long, because it has limits.
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Old Jun 16, 2016, 4:23pm   #7
 
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I don't think so. Bitcoins with what's on ground can rule the world in future.
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