Shitcoin Digest: BuzzCoin (BUZZ)

If you’re interested in buying cryptocurrency, I suggest Coinbase for the easiest transfers and they have more than just Bitcoin. If you click on the link to sign up, I get $10 after you deposit a total of $100. So please check out Coinbase.

BuzzCoin (BUZZ)

Save the bees!!! This is another not for profit cryptocurrency that uses their investment returns for a cause. Their cause is saving honeybees and since we need them to pollinate so our food grows, I can’t really be anti bee. I learned a lot form their website and from their method of not naming the names of the design team they include on the site “to protect their privacy,” I have trouble taking them seriously. From the outside looking in, I see a group of activists that care about their pet project more than their funding source, which at this point is the cryptocurrency I would consider investing in. I believe in activism but I have trouble justifying parting with my money to invest in something that looks to care about their activism more than their profitability. They were once two tenths of a penny and now they are three one-hundredths or so. I can’t even calculate that. Aside from a cool, flash website that talks about bees, I can’t see making an investment in this product. That’s unfortunate based on my last name because I really wanted to own some. I recommend not buying.

NOTE: This piece was originally posted by Michael as an on- site page on TheMichaelBeebe.com while he was doing research into cryptocurrencies.

 

Disclaimer: Michael Beebe is not a financial advisor and all research is for his own purposes. He is simply sharing the research with the readers of this or other blogs and makes no claims to be an expert in finance or any forms of investment.