August 14, 2017 Vancouver BC, (OTC MARKETS) First Bitcoin Capital Corp (OTC:BITCF) announces that management is concerned that demand for its common shares has reached unrealistic heights.
While the company believes that it is the well established leader of all microcap public companies focused on the revolutionary blockchain technologies, and has achieved far greater progress above its pubco competitors, the exuberance for not only our common shares but for that of all in this space is far outpacing performance and realistic expectations. These expectations seem premature if not unjustified.
One factor that is greatly exaggerating the drive for cryptocurrency related stocks is the phenomenal performance of Bitcoin (BTC) with top firms calling it the best performing asset of 2017 even before it broke $4000 now at $4200 per coin.
The company asks all potential shareholders to carefully consider the high risks involved in speculating in our common stock both in the OTC markets as well as in the cryptocurrency markets and to take note of the fact that all of our inventory of various altcoins while showing great potential are highly speculative cryptocurrencies and illiquid.
About First Bitcoin Capital Corp
First Bitcoin Capital Corp is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital crypto currencies and blockchain technologies. At this time the Company owns and operates more than the following digital assets under development:
www.CoinQX.com cryptocurrency exchange, registered with FinCEN.
https://www.omniwallet.org/assets/details/309 Latest Active ICO for Loyalty (FLY)
www.altcoinmarketcap.com market capitalization for all cryptocurrencies with up and down voting by altcoin communities.
www.Alphabitcoinfund.com world's first crypto ETF.
www.strain.ID cannabis strains genetic information depository on decentralized Blockchain.
www.iCoiNEWS.com real time cryptocurrency and Bitcoin news site.
www.BITminer.cc providing mining pool management services.
www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.
www.bitcannpay.com Open Loop merchant services for dispensaries.
List of most Omni protocol coins issued on the Bitcoin Blockchain and owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Second Omni wallet owned by CoinQX reflecting our airline mileage tokens issued: http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
Third (managed) Omni wallet owned by COINQX: http://omnichest.info/lookupadd.aspx?address=1M18oycUdsXv4pKyLLiASREcRGzPu22MxK
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release .Such forward-looking statements are risks that are detailed in the Company's filings, which are on file at www.OTCMarkets.com.
SOURCE: First Bitcoin Capital Corp.
Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com