Three Reasons Why You Should Be Looking At Global Blockchain Technologies Corp (OTCMKTS:BLKCF) Right Now
Here Are Three Reasons Why You Should Be Looking At Global Blockchain Technologies Corp (OTCMKTS:BLKCF) Right Now
In this article, I’m going to show you exactly why Global Blockchain Technologies Corp (OTCMKTS:BLKCF) is one of the most exciting stocks on the market right now.
Missed out on the Bitcoin bull run? Don’t miss out on this…
During 2017, the price of bitcoin ran from less than $1,000 to nearly $20,000 a piece. That’s an incredible 1,900% return. Against a backdrop of this steep rise, the technology that underpins bitcoin and other cryptocurrencies, blockchain technology, has firmly established itself as certain to be the driver behind the next technological revolution – blockchain is changing (and in many cases, has already changed) the way the world works.
With this technological revolution will come a wave of opportunities for traders and investors but, right now, the landscape is somewhat wild-west. Participation in initial coin offerings (ICOs) is risky at best and buying and holding cryptocurrency can be a complicated and insecure process.
Our team have been on the lookout for an allocation that offers an alternative way to pick up an exposure to the space’s incredible growth. That is, an exposure to bitcoin without having to buy bitcoin and, at the same time, an exposure to the technological shift being spearheaded by some of the younger companies in the sector without having to risk buying tokens as part of an ICO.
And we’ve found exactly what we were looking for.
Put Global Blockchain Technologies Corp (OTCMKTS:BLKCF) on your watchlist right now.
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No other company offers what BLKCF offers – a direct exposure to the explosive growth potential of bitcoin and blockchain but, at the same time, a diversified, portfolio-type approach to risk mitigation.
It can only be a matter of time before markets turn on to this unique opportunity and the speculative capital starts to flow towards Global Blockchain Technologies. In fact, the inflow has already started. Back at the start of October, daily volume in BLKCF fluctuated in and around 10K shares. During the week leading up to the Holliday break (12/18-12/22), more than 7.5 million shares changed hands.
Traders still have time to get in…
As you can see from the chart, this one is winding up for what could be an explosive breakout as we head into the start of 2018. It’s not going to take much to get the stock running and, when it does, how high and fast things go is limited only by the growth potential in the underlying space.
Not Convinced
We’ve got three reasons for you why Global Blockchain Technologies looks like one of the top exposures to bitcoin and blockchain right now.
A quick introduction
Before we jump into Reason #1, and for anyone new to this one, let’s kick things off with a quick introduction to the company.
Here’s the blurb:
“Global Blockchain is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. Global Blockchain is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies.”
That’s a bit jargony but here’s what’s important – this company identifies the top opportunities in the blockchain space and picks up a stake in them, with a view to this stake increasing in value as the industry expands and the company (that BLKCF has invested in) grows.
Which brings us to Reason #1.
Reason #1 – BLKCF Does The Hard Work For You
When you take a position in Global Blockchain, you’re picking up a position in all of the companies that the top tier management team at BLKCF has hand-picked as the players in the sector with explosive and huge long-term growth potential.
Right now, the hard part (and, by proxy, the primary risk) of investing in cryptocurrencies and blockchain companies is rooted in separating the wheat from the chaff. Sure, there are a bunch of extremely high growth potential plays out there but, at the same time, there’s an equally large number of scam entities and fraudulent activity.
Take a look at this article from Forbes to get an idea of what we’re talking about.
The team at Global Blockchain have been in this space since the beginning. They know what to look for as potential red flags. They know who to look out for – that is, whose involvement indicates growth potential and whose involvement might be cause for concern. They also know where the real opportunities lie as far as applying blockchain technology to legacy industries.
Acquiring, uncovering and applying all of this information and knowledge, then using it to underpin a solid and rewarding investment strategy, is a full-time job. When you pick up shares of Global Blockchain, the company’s management is doing this job for you and, not only that, but also doing it better than the vast majority of others can.
And that’s not all.
If you want to take part in an ICO, you’ve got to buy and store Ethereum or bitcoin before exchanging it for ICO tokens of whatever company you’re looking to back. You’ve then got to store your tokens (generally on a pricey hardware wallet). IN order to realize any gains, you’ve then got to open an account with an exchange, wait for your tokens to list and then – if they do list – exchange them for bitcoin and, eventually, fiat currency.
Every step of this process is tricky for even the most technologically savvy and, for someone new to the space, can be incredibly risky – one wrong step and you could lose your entire investment to hackers. When you take a position in BLCKF as opposed to a direct position in an ICO, you’re still getting an exposure to the high growth ICO companies but you are getting it simply by placing an order through your standard trading platform. Hassle free and secure.
Reason #2 – Institutional Interest
Analysts suggesting a company has high growth potential is one thing but when a big name institution puts its money where its mouth is and takes a stake in a company, it’s a real sign of fundamental strength.
So when this hit press, on November 7, it flagged up the company as one to watch in this space right now:
“GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (“Global Blockchain” or the “Company”) (TSX V: BLOC | Frankfurt: BWSP | OTC: BLKCF) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase 11,800,000 units of the Company (the “Units”), on a “bought deal” private placement basis, at a price per Unit of $2.55 (the “Offering Price”), for total gross proceeds of $30,090,000 (the “Offering”).”
And then a couple of days later, November 9, our thesis strengthened:
“(BLKCF) is pleased to announce today that it has entered into an amended agreement with Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the “Underwriters”), to increase the size of the offering by an additional 3,900,000 units and increase the Underwriters’ Option (as defined below).”
Canaccord is a wealth management and investment behemoth with circa $30 billion assets under management. That the firm is acting as lead underwriter for a bought deal that will see BLCKF pick up more than $40 million (gross) in operational and expansion capital is a very big deal and one that really serves to underline the growth potential that exists at BLKCF right now.
Reason #3 – Fast-Paced Operational Expansion
Blockchain and bitcoin is a buzzword right now. Change the name of a company to Blockchain Inc. and you can see a triple-digit revaluation overnight. The problem is, however, that many of the companies doing exactly that are doing very little outside of the name change to establish themselves as a player in this space.
This is not true of Global Blockchain Technologies.
In the final few months of this year alone, BLKCF has taken a number of key steps towards positioning itself to take advantage of the explosive growth potential that exists in the bitcoin and blockchain spaces and, with each new announcement, is strengthening this positioning.
On November 7, the company announced one of its first interest acquisitions in line with the model outlined above.
As per the announcement, and through its wholly owned subsidiary Global Blockchain Mining Corp., BLKCF has entered into an agreement to acquire a 49.9% interest in an entity called Coinstream Mining Corp., (“Coinstream”). Coinstream is the world’s first cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best-in-class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed price.
Coinstream provides capital to bitcoin and other cryptocurrency miners in return for a fixed stream of bitcoins going forward. Under the terms of streaming deals that are already in place, and over the life of the contracts, the company would receive 12,500 bitcoins, which represents a current undiscounted value of approximately CAD$112,500,000.
Then, on November 16, BLKCF announced that it has entered into an agreement with Distributed Mining Inc. (“DMI” or Distributed Mining) for an investment of common shares. The agreement will see Coinstream purchase 1,000,000 common shares, for $1,500,000, representing a post-money interest of 25% of DMI.
DMI is building software that will allow anyone with an internet connected device (so, a cell phone, a tablet, etc.) mine cryptocurrency – something that (as things stand) requires powerful, specialized and expensive computing equipment.
So let’s bring all this together…
The opportunity here is clear. This is a company that allows traders and investors to gain an exposure to what is already proving to be the most revolutionary wave of technological change since the internet and – more importantly – allows them to do so without having to take on the risk of choosing, acquiring and storing cryptocurrencies or ICO tokens themselves. The bitcoin space is exploding (but this really could just be the start) and investors are looking for allocation options.
The company is well financed subsequent to the above-discussed bough deal placement and, as such, is primed to expand its portfolio.
In ten years, people who missed out on BLKCF could be looking back at this stock and saying that the company was just in the right place at the right time. The thing is, however, you can only be in the right place if you put yourself there and BLKCF is rapidly taking steps to do just that.
The bottom line:
Make a list of the top allocations in this space and you’ll see two things – that it’s very short and that Global Blockchain Technologies is at the top.
And right now, it’s available at a 30% discount to its November highs.
What are you waiting for? Put BLKCF at the top of your watchlist and get started with your research here:
https://www.otcmarkets.com/stock/BLKCF/quote
https://finance.yahoo.com/quote/BLKCF?p=BLKCF
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Why is MGTI Continuing to Climb (OTCMKTS:MGTI)
There’s been a lot of news and almost as much movement with MGT Capital Investments, Inc. (OTCMKTS:MGTI) over the past month. First off, the price has almost tripled from where it sat in May ($0.62 on May 15) to $2.35 where it closed on August 18th. The other news is that MGTI just announced yesterday (August 17) that they have obtained and are in the process of deploying 650 state of the art Bitcoin mining rigs which will be located at a new multi-Megawatt facility in the state of Washington. They have said that the new miners will be fully operational within the next two-weeks.
Some background:
Bitcoin’s value rested at about $580 at this time last year (August 2016) just a few months after the latest Mt. Gox issues had hit the market. Anyone who follows Bitcoin knows that the cryptocurrency market is really hot and that Bitcoin currently is in the midst of a steady, high-delta year-long growth spurt which has its value near an all-time high of $4510 on Thursday, August 17 2017.
As of Friday, August 18 Bitcoin is still hovering around $4170. This is important for a few reasons: 1) Bitcoin has experienced a strong valuation increase in the past one-month period, which equals its greatest increase since its spike earlier this year between March and June. In July it dived to $1938. 2) The recent split with Bitcoin Cash (called “BCash to avoid confusion) has indirectly caused Bitcoin, with its more established trading infrastructure and global exchange network, to experience increased blockchain activity, trading and value. See, there have been several clonecoins in the past, but BCash also copied the blockchain, meaning that at the time of the fork, every person who owned a Bitcoin also owned a unit of BCash. But there are issues with BCash, not the least of which is its inherent instability and slow blockchain transaction speeds. In addition, 76% of all bitcoin cash that may ever possibly exist, is already in the hands of miners and waiting to be sold. Any time an alternative currency is released, it bolster’s Bitcoin as the de-facto standard crypto, pushing up its price accordingly.
Back to MGTI – Before even announcing their new mining rigs, they surpassed the 1,000 Bitcoins mined milestone – which they have accomplished in less than one year. So we know they’re capable players in this market.
They are also reportedly working on a new suite of cyber security technologies in collaboration with industry visionary John McAfee. They aim to develop and launch a series of protection tools for individuals (mobile) and corporations (WANs). MGTI has one such product undergoing beta testing – Sentinel, an enterprise class network intrusion detector – which they will likely release prior to the end of Q3, 2017.
Also, they have formed a JV with Nordic IT with the goal of bringing to market a new mobile phone platform with strong inherent protections for privacy and hacker-thwarting features. Various statements indicate that they intend for development and marketing for this platform to be complete by February of 2018.
The numbers: MGTI is sitting at a humble $2.35 as of close on August 18. This is down from a high of about $3.40 a year ago, but up from a long-term trough which had them languishing as low as $0.68 and volumes hovering in the low 1M range. Average volume is significantly lower at 728,062 which makes current volume of 1,831,411 all the more impressive. Market cap sits at 91.753M and both PE and EPS are negative at -2.07 and -1.14 respectively.
What does this mean? We’re not sure, but we don’t see another dropoff like last year’s. In fact it would be within reason to think that MGTI can ride the Bitcoin wave long enough to bring their other revenue generating strategies online and surpass their all-time high of $3.19 from August of last year. Definitely keep an eye on these guys – and on the Bitcoin and cryptocurrency news.
Almost Bitcoin, Bitcoin Investment Trust (OTCMKTS:GBTC)
Bitcoin without Owning Bitcoin, Bitcoin Investment Trust (OTCMKTS:GBTC)
Bitcoin Investment Trust (OTCMKTS:GBTC) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT’s sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group.
So for those of us that would like to invest/trade bitcoins but don’t want to have to deal with bitcoin wallets or transferring funds around you can easily use your current trading platform to purchase GBTC and trade just like any other stock.
https://www.otcmarkets.com/stock/GBTC/quote
Bitcoins Massive Run
Bitcoin has been on a massive run as of late with a value of more than $2,715 today per bitcoin and its not just the regular investors who are taking advantage of the opportunities presented with cryptocurrencies. Unless you have been hiding under a rock for the last few months you’ve heard someone or read something about Bitcoin and thats because its made a run from under $500 in 2015 to a current price of $2,715 6/20/17.
Im not going to try to explain what a bitcoin actually is because it seems that no longer matters, its the fact that the public, businesses, and even governments are beginning to recognize bitcoin is not going away.
What is a Bitcoin :
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.
No one knows what will become of bitcoin. It is mostly unregulated, but that could change. Governments are concerned about taxation and their lack of control over the currency.
(OTCMKTS:BTCS) BTCS Inc. & Blockchain
Introduction
BTCS Inc. ( BTCS ) is an early adopting online e-commerce marketplace where merchandise is available for direct retail purchase using digital cryptocurrencies, such as bitcoin, litecoin, and dogecoin. The company name is an acronym of sorts for Blockchain Technology Consumer Solutions. It originally incorporated in Nevada in 2008 as Hotel Management Systems, Inc. and entered into an Exchange Agreement with BitcoinShop.us, LLC in 2014 formally changing its name to BTCS Inc. in July 2015.
Various summaries of the company found online indicate that the company’s business includes:
- A cost-effective bitcoin mining services business, focuses on transaction verification
- A beta e-commerce marketplace for the aforementioned cryptocurrencies
- A bitcoin wallet based on a relatively well known technology and two-factor authentication for secure storage of bitcoin keys
According to various digital currency news sites and press releases dating back to 2014, BTCS claims to have invested in several technologies and firms including the GoCoin payment platform (which appears to be a solid player in the field), GEM (a Bitcoin API developer which is positioning itself as the go-to blockchain company in the healthcare and supply chain fields providing “bank grade” security) and what looks to have been an aborted attempt to merge with Spondoolies-Tech, Ltd. (a cryptocurrency mining equipment vendor) in 2015. Spondoolies shuttered operations in 2016 due to internal problems including inability to meet payroll.
For more info use link below :
https://www.otcmarkets.com/stock/BTCS/quote
Recent News and Trading:
Other recent occurrences include a default on a lease with CSC Leasing Company of numerous servers and power supplies resulting in the forfeiture of a $25,000 security deposit and, of course, the return of all of the equipment to CSC. At this point it is not clear whether this represents a drawback in BTCS’ ability to process e-commerce transactions or whether the capacity lost with the defaulted lease was made up for in other ways.
A visit to the website (shop.btcs.com) reveals a relatively random catalog of consumer items ostensibly available for purchase, but it appears that the bulk of products represented are merely placeholders, perhaps served up by external scrapers or scripts. In limited research, we were unable to find any items actually “in-stock” or “available” for purchase.
All time high was $1.37 per share in early February, 2014 with quite a fall off very shortly thereafter and a settling in at zero from June 1, 2016 to January of 2017, with a recent high of $0.18 in March, 2017. We’re seeing a lot of fluctuation within the $0.07 and $0.08 range over the past few days and since January of this year, daily volume has fluctuated from 120,000 all the way up to 30,000,000 and back down again, with volume for today at 3,389,582 at a closing price of $0.07. There was a 1/60 stock split in February of 2017.
| Market Cap | 3.06M |
| Beta | 2.88 |
| PE Ratio (TTM) | -0.01 |
| EPS (TTM) | -5.22 |
* Financial statements are incomplete and/or not up-to-date. We could not run down Income Statement, Balance Sheet or Cash Flows for 2017.
Conclusion:
Cryptocurrencies, including Bitcoin, are almost certainly here to stay. Even as the central banks may be attempting to subvert these alternative currencies, the technology behind the blockchain is solid and there is a wide community of developers and entrepreneurs pushing the boundaries and penetrating new sectors of the traditional online economy. There will likely continue to be hacks and breaches such as the $460M disaster that struck Mt. Gox in 2014, partially leading to a temporary decline in Bitcoin’s value, but the technology is simply too firmly entrenched and it stands to reason that security will improve. BTCS was a relative “mover and shaker” in the bitcoin/cryptocurrency world just three short years ago, but with a dearth of recent information to go on, the fact that their flagship website does not appear to be functioning yet (granted, it bears the “beta” designator) and the fact that filings are not up to date or complete may indicate this is one to view with careful scrutiny.