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In this video, I discuss the possible merits of Riot Blockchain (RIOT) as a trade and as an investment.
The company has a money-losing, scammy history, cycling through multiple CEO’s and business and name changes. The executives and board are overpaid for a company that continuously loses money. They also have a history of poor investment allocations and write-downs.
RIOT looks to me more like a honey-pot for insiders, rather than being a business with a bright future.
In the short-term, money flows from naive retail investors can continue to pump the stock and squeeze the shorts. But it will probably end really badly.
If you want to invest in Bitcoin, you should probably invest in BTC itself.
Not investment advice! Consult a financial advisor.
Riot Blockchain company history:
RIOT About page:
RIOT income statement:
RIOT cash flow statement:
RIOT insider transactions:
RIOT insider roster:
RIOT board of directors bios:
Key statistics including short interest:
Latest 10-Q:
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Riot
#Blockchain
#Bitcoin
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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