It may be old but after the amazing dive the stock has had, still good enough to sink it 10% more in after hours... after the stock is at the levels it was previous to the acquisition of BTX. Simply amazing. Bag holder numero uno right here... but willing to hold as long as it takes. I will not sell this unless it's a triple.
That's the long and the short of it. If IO understand this correctly, they have sold shares for "notes" at about 20 cents a share = Dilution galore. Is it overdone this sell off? Of course it is. If the BTX platform is what it seems to be, this will triple by May. Or better. Right now it is at a value below what it was before buying BTX so...
Well, it will go up and it will go down. Nature of the beast. What is absurd is presenting a business where there is not discernible source of income... almost as absurd as interpreting that someone offering a service that everyone in the BTC community desperately wants and needs , DESPERATELY, is going to be free. But volatility in this stock, for the (long) time being, is the name of the game, so plenty of wps and dows ahead, indeed.
It is very simple: Coinbase, which is the main trading platform, doesn't allow, as of now, limit orders in the bitcoin transactions. The new platform, when implemented, promises to allow this very basic trading tool.
Herte's how it goes (now); You have your bitcoins at Coinbase. They are trading at $1000 when you go to sleep; when you wake up, they can be trading at $200 -or lower-. You have no protection whatsoever.
The new trading platform would have stopped your losses at the pice level that you set. Enough said.