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Macro Energy Shares Soar on Australian Stock Exchange Following Bitcoin Deal
| March 14, 2014
| Nermin Hajdarbegovic
Posted on 03/15/2014 4:26:19 PM PDT by TsonicTsunami08
Shares of Australian investment firm Macro Energy gained 42% yesterday, after news emerged that it plans to enter the bitcoin space and raise A$9.1m ($8.2m) in funding.
(Excerpt) Read more at coindesk.com ...
TOPICS: Business/Economy; Computers/Internet; Science
KEYWORDS: australia; bitcoin; capitalization; cryptocurrency; gaytor; macoenergy; ponzi; scheme; texas; tulips; vaporware
Real capitalization of the Bitcoin space. I could throw up an article every 10 minutes and still couldn't keep up with the avalanche of capital flowing into Bitcoin. It is my hope that some of you can get past the " is this money " phase and realize that a once in a lifetime opportunity is staring you in the face.
Interesting the marked negativity afforded BTC here. 635USD/BTC now - been around here past 3 weeks - not bad. The principles and functionality of BTC offer value. No bank fees. For vendors thats a big deal.
American Express Visa, MC even PayPal - they no likee BTC.
posted on 03/15/2014 4:50:18 PM PDT
” I could throw up an article every 10 minutes and still couldn’t keep up with the avalanche of capital flowing into Bitcoin. “
I could throw up an article every 10 minutes and still couldn’t keep up with the avalanche of capital lost to Bitcoin fraud.
So, if a stock goes up 42% because of a peanut-sized “investment” in bitcoin, then it’s pretty much a micro-cap penny stock. Wonder if there’s a pump and dump deal underway as well?
posted on 03/15/2014 5:08:09 PM PDT
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
They are not keen on bitcoin as a currency, but rather as a cost-effective payments platform, especially for microtransactions and remittances. While the media buzz is still focused on speculation, questionable practices and volatility, the big players are looking at the Bitcoin protocol and the network.
I agree this is a good use for Bitcoin, and would be very disruptive to Visa and Mastercard, for example.
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