Post by
arh0070 on Mar 18, 2021 10:23am
Private placement
I understand the process very well having been an investor for over 40 yrs .It doesn't change the fact that this Private placement is a ripoff .I bought Banxa on the first day of trading on the Nasdaq found it through the Voyager website .
Sold most of my Banxa today for a nice profit .It will likely stay in a trading range until the Private placement closes .Will keep some shares which are "free"
Banxa is much more vulnerable than Voyager and thus more risky .It does business with a few large providers who could suddenly change to another provider.
Voyager competes with Coinbase and since it charges a much lower fee for transactions than Coinbase will likely do very well.Decided to buy Voyager rather than Coinbase when it comes out as I think Coinbase will be horribly overvalued ,their revenue stream(Coinbase) will be extremely vulnerable because their transaction fees are so high ,a smaller company like Voyager will make out like bandits and take a lot of business from Coinbase.
Voyager is much more diversified than Banxa .
That said own both but have switched more into Voyager which has a small number of shares outstanding.
When the cryptos go into a severe correction which will likely happen relatively soon (within a few months)shares like Banxa and also Voyager will be crushed ,in the past crypto corrections can last at least a couple of years .So extreme vigilance will be required and taking profits on the way up is mandatory .
Comment by
Jimmy73 on Mar 18, 2021 10:27am
There is so much wrong with what you just said I don't know where to begin. Lol
Comment by
Urbani on Mar 18, 2021 10:38am
Wow... jsut read that... ha ... That was funny...
Comment by
Adwari on Mar 18, 2021 10:47am
I give this a thumb down!
Comment by
Order66 on Mar 18, 2021 10:50am
If you think this is going down then you should short big ;) make sure to look for it on the Venture though.