Banxa Holdings Inc V.BNXA

Cryptos

[arh0070]

Well the Crypto market is not doing well today ,with Ethe down almost 10% and BTC down 8%.BTC is down almost 30% in the last month and Ethe not quite so bad .It looks like BTC is headed down to 30K or below based on technical patterns .
Coin is down ,so both days I have traded ,Coin puts have been profitable ,TSLA is also going down so the TSLA puts are profitable also .
How specifically BNXA will perform in a Crypto bear market remains to be seen ,it is a smaller company than Coin and it may be outperforming the market as represented by Coin .
I imagine that BNXA looks at its transactional volume on a daily basis ,the December TTV will be an interesting read .
BNXA has a significant cash balance so perhaps that will protect them from the Crypto bear market that is rapidly developing ,we shall see .
In my personal opinion now is not the time to own ,Coin ,Vygr ,BNXA or any of the Crypto miners .That is my personal opinion ,obviously different from all other posters on here ,we will see who is right in the fullness of time .

[Abedim15]

It can probably be acknowledged that you are correct in saying that this isn't a good time to hold crypto miners, I can personally vouch for that. Doesn't matter that they may be making 500k per day at the current BTC price. As far as everything else you said goes, maybe, maybe not. Where is the BTC price going, you say 30, Bloomberg intelligence says 100k, pick 10 different genius you

[BigBangOrigins]

Abedim, You've pointed to a critcal aspect of Banxa's business model that TSXV investors, who I believe are traders/short sighted, don't fully appreciated. Banxa benefits from crypto volatility, which drives transaction volume in and out of exchanges. To your point, if crypto prices stagnate for too long, it could lead to a souring of investor sentiment, thus a drop in transaction

[SvenSteindorff]

BANXA is not a Crypto miner or another Crypto currency. Neither is Coinbase or other names that get thrown around in discussions here. There is great investor confusion and greed to cash in on Crypto. Companies like BANXA are newly listed as stocks and growing fast along with Crypto trading. BANXA provides digital wallets and is an on ramp and off ramp to many Crypto currencies. Banxa benefits