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RE: SEC suspends trading in Bitcoin Penny Stock
Who would buy this crap anyways? Why not just buy some btc at the hundreds of ATMs that already exist all over the country? the USA has the most BTMs (Bitcoin ATMs) in the world.
Probably people who don't know how to buy Bitcoin and already have an equity account. They see this is a way to catch some of the move in Bitcoin using traditional investment vehicles.
They could also buy the Silbert's GBTC, no?
You nailed it I threw $100 at it a month ago just to see if anything would happen and all of a sudden it quadrupled two weeks later, and I was like wtf; I checked the web site and SEC reports on there, the company had minimal assets and insane market cap, so I luckily got out a week ago.
ditto