BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) is coming off a week that saw serious highs. The stock has experienced a pullback this week. BTSC closed last week at 0.093 and is now trading at 0.0805. Many cryptocurrency stocks took a bit of a hit on Monday. But, the good news is that Blockchain is here to stay and BTSC is a good entry point stock to keep your eye on.
BTSC, carrying a marketcap of 41.66M with 462.84M shares outstanding, has Internet-based operations consisting of two separate revenue streams, which includes bitcoin mining and blockchain software development.
BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) principal products and services are the mining of bitcoins and the development and sale of blockchain software. The market for the company’s product can be worldwide and sold and marketed on the Internet.
Another important area which is often overlooked is the Bitcoin escrow service, which acts as a neutral third party between buyer and seller when doing business online. This layer of safety is what the markets look for and one of the reasons the shares have gained value where the coins have leveled off. To be more specific, a cryptocurrency company that’s working on a variety of different operations in the bitcoin other digital currency spaces.
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BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) services in total include: escrow service, Bitcoin mining (explained below) and Bitcoin blockchain (explained above). The company’s bitcoin escrow service acts as a neutral third party between buyer and seller when doing business online. This is not exactly novel in the industry, but it could potentially provide safer transactions, when using bitcoin, and the company holds the buyer’s coins in escrow, and are released after both parties are satisfied with the transaction.
BTCS has a mining rig set up to process transactional confirmations on the bitcoin blockchain and – in return for the processing – receive bitcoin as a reward. Just how big this mining rig is (and where it is) we don’t know. Management put out a PR at the start of the year detailing its purchasing of four Antminer S9s. These are gold standard miners but a stack of four isn’t going to provide much in the way of return. We also know that the company is mining Monero (as of the first quarter of this year) but that’s not really software development and it’s essentially the same process of the bitcoin mining operations (chances are that they are using the Antminers).
One of the most difficult part is valuing these public companies and the software itself or their ability to improve the settlement process, so investors can get their money out of the digital currency. Companies like BTSC are now drawing the valuation for their product lines and internal skill sets.
BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) represents a way for casual investors to get into the blockchain and bitcoin craze, if one is so inclined. Bitcoin is obviously quite pricey to buy outright and many will not know how to store (although, we do recommend reading up on this), so BTSC is a stock that is affordable and has serious growth potential. We will continue to provide updates as the stock moves and the sector continues its valuation. For continuing coverage on shares of $BTSC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!