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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by arh0070on Mar 25, 2021 9:08am
226 Views
Post# 32874026

Banxa

BanxaThe booster club keeps on recommending buying Banxa which is highly speculative ,has a high cash burn rate all the time while the cryptos are falling in price (Just go look this morning at the losers versus gainers on Coinbase this morning ,virtually everything is down a minimum of 10%.)Sure glad I sold out at the top and now only have a small position .One of the best indicators I have used through the years on Stockhouse is the "booster club indicator.If everyone is wildly bullish and breathlessly encouraging everyone to buy it is a highly successful negative indicator ,ie you do the exact opposite to make money .
Thanks booster club for making me a lot of money on banxa ,when they all stop posting I may buy back, not sure yet .
Cramer just came out and recommended selling half your gold and putting it into cryptos .Cramer is almost always wrong so likely a strong buy signal for gold and sell all cryptos ,we are in for a severe correction or a bear market at worst after a parabolic rise .
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