Post by
arh0070 on Feb 15, 2022 2:40pm
Bnxa
As expected the TTV for January is down again compared to prior month .
Nov TTV 173 Million US
Dec TTV. 133 million US
Jan. TTV. 121 Million US .
That is down 30% Nov to Dec and about a further 10% down Dec though Jan .
This is all related to decline in Crypto markets .As I recall Domenic predicted it would be up .Dont buy a used car from that guy .
As indicated previously ,February has seen the beginning of a retracement in BTC and Ethe ,so Feb TTV should perhaps be somewhat better depending upon how much volume is in BTC/ETHE and how much in Alt Coins .
This is all in the context of a BTC bear market .
There was some good crypto news overnight that BlockFi has reached a settlement with the SEC about thier interest bearing accounts .So they will stay in business with more regulation.
I thought that there would be a medium term trading opportunity in BNXA ,Voyager and Coin ,BNXA is up about 20-25% from the low .I bought Coin instead (bigger volume)and did covered calls (high time premium due to volatility) .Sold out today am a bit nervous about Coins quarterly results due Thursday .Will buy back in after ,still a believer in Alt season which will boost all Crypto stocks .