Banxa Holdings Inc V.BNXA

Flash crash

[arh0070]

Absolutely horrendous flash crash in the Crypto markets today with BTC down 10K at one point .Huge margin calls will have happened.Many alt coins down 20% plus.There have been three market leaders Solana,Luna and Cardano.All down today ,Solana had reached the the full 4.28 Fibonacci extension so that may be the peak for Solana.
The only positive news is that there was massive buying of Cardano,Ethe and XRP after the crash.
This is all extremely negative for BNXA no matter what the price action was today.Some big blocks were sold into this announcement(big boys selling)
VYGR down today .
It will take a few days to see if this is the beginnings of a major bear market (which will crush BNXA)or most of the alt coins will recover and go on to new highs.
It is quite obvious that the Crypto bull market is reaching towards its end (no matter how much money is being printed).
Very dangerous time to buy BNXA.

[AverageJoe]

That seems like a lot FUD,  Volatility is good for Banxa, lots of transactions and they continue to penetrate the market.  Why? Regulated payments infrastructure powers exchanges, wallets & app enterprises with elegantly simple technology. Banxa provides the most payment methods on the market, from: Apple-pay to Zloty. Local currencies and lower fees means customers convert more

[FederalReserve]

You might be right *arh0070* but tell me, what the heck are crypto coins based from? What caused lightening fast loses for 1min today? Why the rapid recovery? It's not like there's news , earnings, dividends, buyouts, mergers, buybacks, aquistions, selling a division, etc... Why does it get so hot & cold ? Any why would you say cryptos are at the top of this bull run?

[sirmevl]

Explanation i read is El Salvador now that it  are btc there primary currency when they went to go role out their wallet it failed . And at the exact same moment there was a flash crash. Not sure how or why that effected it but that's what I read. 

[FluffySassafras]

As I said yesterday, it went up a little too quickly. With the news yesterday I was surprised there was no pullback then, but I think people just wanted to get in on the hype. Anyway I might throw in a stink bid today and see how it goes, price could probably float in high 3's to low 4's today. Stock is still way undervalued, lots of room to grow and it appears to be getting more press.