Re:Move Over Kickstarter, Crypto-Equity Is the Next Frontier
by Cyther606 on Sunday July 06, 2014 @10:16AM
(#7994568)
Over a very short time frame, you mean? Show me a single example of a Bitcoin stock price chart that looks anything like this: http://bitcoincharts.com/charts/bitstampUSD#rg730zczsg2012-0...
ASICMiner is in the gutters, as is literally every other Bitcoin stock. Who benefited from the company going public? Over a short time frame, those who exploited the pump and dump; over a modest time frame of 1-2 years, the company profits at the expense of investors, every single time, without exception.
Satoshi dice outperformed holding btc, and that was during the period when btc skyrocketted from 10 to 100. Also, but I may be wrong here, asicminer did a similar trick.