or Connect
HotStockMarket › Forums › HSM Stock Forum › Penny Stocks › BTCS - Bitcoin Shop Inc
New Posts  All Forums:Forum Nav:

BTCS - Bitcoin Shop Inc

post #1 of 88
Thread Starter 

stock-chart-str.aspx?id=btcs&ca=24062939

 

BitcoinShop, Inc. offers a wide variety of merchandise for purchase with virtual currencies, primarily Bitcoin.  Similar to other online retailers with solely an online presence, such as Amazon, eBay, or Rakuten, we aim to present a traditional browse and checkout process to our customers, the major difference being able to pay with virtual currencies at checkout instead of Fiat Currency. We serve as a medium between consumers wishing to spend Bitcoin and sellers wishing to receive sales driven by Bitcoin.
 
We have developed core technology that allows us to interface with vendors in order to display up-to-date inventory, and present prices in Bitcoin according to the Bitcoin Best Bid (BBB) exchange rate from US Dollars, updated every 15 minutes.
 
Our goal is to be a leading virtual currency marketplace where consumers and sellers of products and services can use any virtual currency to transact business.  We focus on delivering outstanding value and convenience to our online customers while providing a reliable and scalable platform for vendors and sellers.
post #2 of 88
recent 8k release

http://biz.yahoo.com/e/140205/tucnd8-k.html
post #3 of 88
Form 8-K/A for BITCOIN SHOP INC.


7-Feb-2014

Entry into a Material Definitive Agreement, Amendments to Articles of Inc. or



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Amended and Restated Convertible Notes

On January 24, 2014, the Board of Directors of Bitcoin Shop Inc., formerly known as Touchit Technologies, Inc., a Nevada corporation (the "Company"), authorized and approved the execution of those certain amended and restated notes dated January 24, 2014 as more fully described below.



recent 8k/a release

http://biz.yahoo.com/e/140207/tucnd8-k_a.html
post #4 of 88
Bitcoin Shop, Inc. (f/k/a TouchIt Technologies, Inc.) Announces Acquisition of New Line of Business


SILVER SPRING, Md., Feb. 8, 2014 /PRNewswire/ -- Bitcoin Shop, Inc. (TUCND) ("we", "us" or the "Company"), announced that on February 5, 2014 it acquired Bitcoinshop.us LLC ("Bitcoin Shop"), an ecommerce marketplace platform provider that enables shoppers to purchase products using virtual currencies such as Bitcoin, through a share exchange transaction. In connection with the acquisition of Bitcoin Shop, the Company closed on the private placement of its Series C Preferred Stock and Warrants to certain accredited investors with gross proceeds to the Company of $1,875,000. Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is categorized as a cryptocurrency, as it uses cryptography for security, making it difficult to counterfeit. Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allow users to make secure, verified transfers.


The Company 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. A copy of the Company's corporate presentation can be found on our website: http://investors.bitcoinshop.us.

Charles Allen, the Company's Chief Executive Officer and Chief Financial Officer, commented, "We are enthusiastic about the growing acceptance of virtual currency as part of the global economy and excited for our customers and the rapidly growing numbers of Bitcoin holders who will now benefit from the opportunity to utilize our ecommerce platform, www.bitcoinshop.us. We're one of the first publicly traded companies in the virtual currency space with a business to consumer model. We believe this transaction is consistent with ongoing efforts to provide us with an opportunity to deliver improved shareholder value in the future."
post #5 of 88
Thread Starter 

Thanks for the reply Kevin.

 

I've been doing a lot of looking into this product recently and what I'm trying to get is whether what we're seeing this week is just an IPO bubble or if the company actually warrants the valuation it currently sits on (or higher, obviously).

 

I'm not sure it does.

 

Does anyone have any opinions on this recent release?

post #6 of 88
Quote:
Originally Posted by goof View Post
 

Just released

 

Currently trading at 4.57, up from 1.75 Monday morning

 

Will it follow the trend of the bitcoins and just keep going up?

 

No.

 

Just because they have a store that sells things for bitcoin does not automatically make it a good store.

 

If they were selling stuff for USD, would it be amazing? Nope, just another random online store.

 

This stock is simply taking advantage of the hype. Any retailer can accept bitcoin as payment, it will not be anything special.

post #7 of 88
Thread Starter 
Quote:
Originally Posted by Gil Oren View Post
 

 

No.

 

Just because they have a store that sells things for bitcoin does not automatically make it a good store.

 

If they were selling stuff for USD, would it be amazing? Nope, just another random online store.

 

This stock is simply taking advantage of the hype. Any retailer can accept bitcoin as payment, it will not be anything special.

 

Thanks Gil.  That's kind of what I was leaning towards.

 

The differentiating factor, though, is that bitcoin is still generally trending upward.  It continues to bottom out multiple times higher than the last bottom.  So a merchant taking in all of these fraction-bitcoins, in theory, would be smart to hold that currency and purchase their retail products using some other form of payment.  Assuming that's what they do, the net worth of the company is substantially greater than your standard online marketplace retailer.

 

....

 

Just to clarify: with respect to their immediate offering, is the expectation for this company to level, jump a bit (or a lot), or burst?

post #8 of 88
Quote:
Originally Posted by goof View Post
 

 

 

 

Just to clarify: with respect to their immediate offering, is the expectation for this company to level, jump a bit (or a lot), or burst?

 

 

Never underestimate the stupidity of the crowds.

 

People who have no clue what bitcoin is, but know that bitcoin has gone up tend to think "well this company has bitcoin in the name, so therefor it must go up".

 

Its the same trick MJNA uses for marijuana related news, and it keeps working year after year.

post #9 of 88
exactly ...just like the Marijuana madness and companies having nothing to do with the sector announcing they are in it now lol
post #10 of 88
from their website

www.bitcoinshop.us



BitcoinShop connects retailers wishing to accept Bitcoin with customers wishing to spend Bitcoin. As a public entity, we are committed to transparency for our investors and our partners. This site exists as a medium of communication between the company and the community that supports it.


If you have not already, please feel free to visit www.bitcoinshop.us to see what we offer to the Bitcoin community.






Charles W. Allen, CEO


Charles W. Allen, is our Chief Executive Officer and Chief Financial Officer, and director since February 2014. He is responsible for our overall corporate strategy and direction as well as managing our corporate finances. Mr. Allen has extensive experience in business strategy, investment banking and capital markets transactions. In addition, he started his career as an engineer in the telecom industry and brings a balance of business and financial leadership and technical proficiency to the Bitcoin Shop Inc. team. Prior to joining Bitcoin Shop Inc. he worked domestically and internationally on projects in technology, media, natural resources, logistics, medical services and financial services. Highlights include Managing Director at RK Equity Capital Markets LLC, Managing Director at TriPoint Global Equities, LLC, and Managing Director at Broadband Capital Management LLC all boutique investment banks focused on advising and raising capital for small and mid size companies. He received a B.S. in Mechanical Engineering from Lehigh University and a M.B.A. from the Mason School of Business at the College of William & Mary.


Michal Handerhan, COO


Michal Handerhan, is our Chief Operating Officer, Chairman of the board of directors and co-founder. He supports both our business and research and development strategy across the management team. From February 2011 through February 2014 he served as an independent IT and web services consultant to the National Aeronautics and Space Administration (“NASA”). From October 2005 until February 2014 Michal was the President and CEO of Meesha Media Group, LLC, which provided high-definition video production services, Web 2.0 development, database management, and social media solutions. From March 2002 through October 2006 he served as a team leader for NASA in their Peer Review Services group. Prior to NASA Peer Review Services Michal served as the web developer for Folio Investments. He received B.S. in Computer Science from Czech Technical University.


Tim Sidie, CTO


Tim Sidie, is our Chief Technical Officer, a director and co-founder. He is responsible for our technology strategy and platform architecture. From May 2013 through February 2014 he was a Software Engineer II at the Space Telescope Science Institute supporting Hubble Space Telescope and the James Webb Space Telescope projects. From June 2011 to July 2013 he was a Software Engineer at NASA's Goddard Space Flight Center for the Direct Readout Laboratory, building software for earth observing satellite systems. After obtaining his Computer Science degree and prior to 2011, he was a Support Engineer for Sourcefire, Inc., providing emergency response services to large corporations on security issues. He attended the University of Delaware from 2006 to 2008, and completed his B.S. in Computer Science from Ursinus College in 2010.


Charlie Kiser, CMO


Charles A. Kiser, Jr., is our Chief Marketing Officer and is responsible for our marketing and business development strategy. He’s worked at early and growth stage private and public companies for 15 years in management and c-level roles in marketing, sales, business development and operations. Highlights include Chief Operating Officer and Director of Corporate Strategy for 60 Degrees Pharmaceuticals LLC, a Washington DC pharmaceutical company, Director of Sales and Business Development for Apiphany Inc., an early stage application programming interface management company, (acquired by Microsoft Corporation October 2013), Vice President of Sales and Business Development for FortiusOne Inc., a web mapping and analytics company later renamed GeoIQ. He’s an Advisor to several early stage startup companies in the DC region, and a Venture Mentor for AccelerateDC, the Washington, DC Economic Partnership Mentorship Program. He graduated from West Virginia University in 1987 with a B.S./B.A. Degree in Finance.
post #11 of 88
looks like either a topic or an appearance on Fast Money today 5pm est
post #12 of 88
Thread Starter 

Present Valuation is too high.  It's going to drop.

post #13 of 88
Quote:
Originally Posted by goof View Post

Present Valuation is too high.  It's going to drop.

lol
post #14 of 88
Quote:
Originally Posted by kevin1612 View Post

looks like either a topic or an appearance on Fast Money today 5pm est

this should be interesting at least
post #15 of 88
now I see its the CEO that is going to be on Fast Money tonight 5pm est
post #16 of 88
Quote:
Originally Posted by kevin1612 View Post

now I see its the CEO that is going to be on Fast Money tonight 5pm est

fastmoney.cnbc.com
post #17 of 88

I think this would be a good stock to short sell. Anyone with me on this? The hype will die down sooner or later.

post #18 of 88
Quote:
Originally Posted by kevin1612 View Post

fastmoney.cnbc.com

1 min to CEO on Fast Money
post #19 of 88
new symbol march 1st BTCS
post #20 of 88
Thread Starter 
Quote:
Originally Posted by kevin1612 View Post

new symbol march 1st BTCS

Is that all that came from the interview?  That was known days ago.

 

Quote:
Originally Posted by kevin1612 View Post


lol

Why is that lol?

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Penny Stocks
HotStockMarket › Forums › HSM Stock Forum › Penny Stocks › BTCS - Bitcoin Shop Inc