Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum 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... see more

TSXV:BNXA - Post Discussion

View:
Post by arh0070 on May 19, 2021 7:29am

BNXA

As I was afraid the Crypto market was way overbought.All the pundits were wildly bullish .This attracted a large number of novice investors trying to jump on the bandwagon .They are all now panicking and selling .On a temporary basis (due to panic selling) volume will go up and that will Temporarily be good for BNXA .That is true .But if this is a bear market (a definite possibility)then volume will die because all these small retail investors sucked into the market at the top will not return for years .This has been the same way for bull/bear markets since 17th century holland and tulip mania .Followed by the South sea bubble etc .
Bitcoin sits at the 200 day moving average ,if it goes through this significantly we are ina bear market if it holds then this is a severe correction a bit like the stock market went through 15 months ago .If it is a severe correction it will be followed be a quite rapid recovery .
BNXA no matter what the pumpers say is TOTALLY dependent on the crypto market and what happens to it .
I do not wish bnxa ill or for that matter the crypto market (I am invested in both).The issue is always when to buy and when to sell and not to listen to the pumpers (on one side ) and the bears on the other side .
Good luck to all and keep lots of cash in the bank or under the mattress along with some physical gold and silver .
Comment by Domenic on May 19, 2021 8:13am
Arh0070, it is difficult with them. Today they are at least halfway reporting the truth. We here believe in an early company in an early market. At least you are now reporting that it is good for Banxa when crypto rises again. We are here because we believe that crypto has a future. You are confusing investors if they bought at 4 5 6 $. What will you tell them when Banxa is at $10 at the end of ...more  
Comment by Urbani on May 19, 2021 9:25am
Dom... do not try to figure it out... just enjoy the posts... BNXA  makes cash in this volitility, it could be a hard dump with margins etc. and panic selling... yes... BNXA should do very well here in the short term again... if Bitcoin holds (just using bitcoin as an example) at these levels, retail investors will come back into it. BNXA revenue model keeps increasing in this space and ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities