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Ogg December 9, The excitement around bitcoin has bitcoin stocks to buy 2017 understandable. With it seeing exponential gains inthe benchmark cryptocurrency has drawn enough attention for itself and for other cryptocurrencies.
At the end ofthe excitement around bitcoin and cryptocurrencies moved into craze and euphoria. With the imminent launch of futures contracts around bitcoin, now financial media outlets like CNBC are discussing bitcoin almost every hour. When trends turn into crazes, there are frequently moves in and out of related stocks that often feel like gambling or chasing ideas.
The reality is that some are quite related and can benefit, while others may be selling a story with no hope of profits down the road. Many investors, speculators and day traders will turn bitcoin stocks to buy 2017 companies bitcoin stocks to buy 2017 related stories, often with regard for the underlying story of some companies.
Again, some are definite winners. Others may not be winners at all and could flop. We have featured some of the stocks that have participated in the bitcoin mania in late Investors and speculators should not consider mentioning these companies and outfits as being instant winners. In fact, some of these companies would not be suitable even for the most aggressive investors and traders. We have focused on market caps, trading history price and volume and a brief description on each company.
We have also noted what has drawn investors and speculators, as well as what may be red flags or at least some points of caution on each company. CME was the first major exchange to legitimize bitcoin with the launch of cleared futures contracts. This allows investors, speculators and even hedgers to make bets for bitcoin to go up or down. It will facilitate shorting activities. Rivals are also coming. NDAQ trades thousands of stocks already, and it bitcoin stocks to buy 2017 plans bitcoin futures.
Cboe Global Markets Inc. Advanced Micro Devices Inc. NVDA have been deemed technology winners by bitcoin and cryptocurrency miners. Their chipsets and graphics processing units are much broader when it comes to gaming, virtual reality, augmented reality, machine learning and artificial intelligence, and a slew of future technologies coming down the pipe.
SQ has also been a beneficiary of the bitcoin craze. Its shares spiked higher after its soft bitcoin launch. Back on November 15, Square started allowing a small number of users of Square Cash to buy bitcoin directly from its smartphone app. BTIG bitcoin stocks to buy 2017 warned that Square investors were ignoring risks. OSTK has been an online retailer for years. This stock is almost not followed at all by Wall Street analysts. Its power supply products and custom power system solutions are going to target cryptocurrencies, but the company has raised a small amount of capital to finance an acquisition and to finance a purchase order.
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