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RE: Crypto market capitalization has reached 100 billion USD - Some thoughts about the future of crypto
Bitcoin stocks on a tear last few days a something new and exciting to consider. Here is the latest one I did a quick write up about, up 100% just today. Links in the article to the other ones as well.
https://steemit.com/cryptocurrency/@motowngold/1-more-bitcoin-stock-coin-citadel-cctl-0003-share-at-time-of-writing
Interesting. Seems that there is the psychology of penny stocks at work. 0.0003 seems cheap.
Yes , extremely cheap, but we need to ask why, although it is at 0.0005 now. The thing is, they say they had all that bitcoin, but I cannot verify if they still have it yet. If they do, the valuation would then be verifiably cheap. The also say they have a lot of news coming very soon. All of those factors, as well as the underlying price of bitcoin, can be game changers. The risk is there, but for me in this red hot sector and with a dearth of many true crypto stocks, worth at least taking a chance on the 3 that I have outlined.
It reminds me of the notorious 1 cent penny stocks. When the price is going up, it would double at least. :-)