RE:Cryptos Your reference to (unpaid) pumpers probably includes my recent post listing positive Banxa fundamentals. Despite it being obviously clear that Banxa is a solid company with great potential, in the interest of being objective we should probably list things that I hope most investors in the space accept.
-crypto related investments of any kind at this stage are risky. Hype moves the market.
-company fundamentals mean nothing, at least for now
- Banxa is truly global but it has not made any in-roads into the US - that is where the real money is
-the trading volumes for Banxa are the square root of f*** all making it hard for it to hold share price gains while it remains susceptible to quick drops
-the move to Nasdaq will cost money. That may mean dilution. Despite that the fact that the float is very small and the amount of dilution will be insignificant, that won't be the way the market sees it.
-getting on to Nasdaq is not guaranteed.
- the first few months on Nasdaq will bring out the shorters - Banxa will probably get beat up in the short term
- maintaining great November like TTV numbers is dependant on crypto hype. That will be difficult month in and month out unless new revenue streams are developed; on a annual basis I expect that they will soon easily do well over 1B TTV. Unfortunately, regardless of the overall picture, the moment the month to month comparison drops - like it did last summer- people will retreat
-no one can predict the future price or continued interest in crypto
-all that said, there are success stories out there and Banxa appears to have great potential in a very risky space. Good luck and be careful.