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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

Banxa Holdings Inc > No brainer
View:
Post by arh0070 on Oct 27, 2021 11:07am

No brainer

Generally when a stock is described as a "no brainer"most often the opposite proves to be the case.
It appears that the general stock market,the Cryptos and the transaction stocks(bnxa,Coin,)are are moving together in Unison .
It appears that technical analysis ,Fibonacci retracement s and Elliot wave theory are quite accurate in predicting future behavior of the Cryptos.The general stock market has just reached the maximum 4.2 Fibonacci level,this usually ends badly ,hopefully we wont have another 1929.
Coin was amazing in that its ipo was on the exact day 6 months ago that Bitcoin teal reached a peak .After 6 months they have crawled back close to that level.Coin is up 4% in the last 6 months ,the insiders/developers of Coin cashed out and are now Billionaires.Coin is a terrible long term investment ,if the cryptos go into the 5th wave and alt season begins it will be crazy and Coin will go up.However 5th waves are followed by bear markets and I wouldn't be surprised if Coin doesn't go down 70-80%.There are many more competitors now with cheaper gas fees ,Coin is making out very well but this is likely a short term(2-3 months).
The same will apply to BNXA ,the 5th wave is dependent upon retail investors rushing in ,so my prediction for bnxa is the same as Coin,possibly a good short term investment if you are nimble but absolutely not long term.
In a 5th wave the euphoria will be extreme ,that is the time to sell so one is "not caught holding the baby".There has been no information from bnxa in 3 months about its cash balances and cash burn rate ,that is the figure to focus on ,if its down a lot then I expect a private placement into the euphoria.
Comment by SvenSteindorff on Oct 27, 2021 11:18pm
agree with arh0070 in as much that crypto drives COIN and BNXA. There is so much cash being handed out by the governments that everyone is investing and crypto is trendy and gets hyped up. It all goes in waves. Technical analysis always tells us something but uses historic data to predict the future. The textbook on crypto is still being written. The market overall has reached new highs and tech ...more  
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