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I did say
This will be around 0.11 come Friday
Someone? A lot jave, chasing rainbows.
When it's said it sounds too good to be true, it usually is.
Still time though for it to come good though so gl to all that have.
.....the fire with TNT.......?
Well if you want to debate that suggest you post there then. My holding here is significantly bigger than my TNT punt. Some clever comments have been made re TNT by people who seem to be forgetting just how this share has performed over the last year. I recall people being mocked for selling BLU in the .4's. Glass houses and all that.
@reggie, TNT is going down there is nothing to buy into except hype
TNT SP is approx 4x what is was a year ago while BLU is 50% down. He could be busy enjoying profits!
If anyone here knows Mark personally, I hope you've checked in with him.
I'm the first to criticize his ramping here, but TNT sounds like a disaster. He's often posted about his mental health problems, hasn't posted here since the second TNT RNS and his Twitter account has gone. He could be having a bad tine
certainly hope more than a double with the parachain news
if i remember correctly nico you sold some of your position at around 0.6 levels and have bought back at the lows, JPM taught you well.
ALL depends on valuations next year for Dynasty and Satoshipay, person ally i am hooping for at least 0.6 again.
time will tell !!
atb
He switched out of a lot of Blu to buy tintra
Odd as I think Tintra falls to 100p (it’s never made a profit !!)
And Blu is likely to double so no idea why he would switch ..seems crazy to me ,hey ho
just out of interest and to take advantage of your analytics
how did the lesser 4 perform in the market after commencement of token trading?
wont necessarily give exact idea of what's to come but will offer details of possibilities come February.
atb
blu
Meinhard tweeted today.
i did some digging. yesterday's @pendulum_chain parachain auction was the fastest to reach its cap, ever. top 5:
pendulum (300k dot): 3min
mangata (14k ksm): 1h
aventus (200k dot): 24h
oak (150k dot): 60h
genshiro (2k ksm): 64h
insane! thanks to all contributors!
@bobsson..exactly!
Farantahir - All good points made :-)
@Ragnarr thanks for that. I need to look at it further. But that gives rise to approx 11m tokens. I'm just curious if it's reserved fully for SP as a company or employees of the company. Will read up on it more. It's the generation of income value and figures I'm looking at for SP. I do like Pendulum though!
@Dave I've not posted in boards as limited value and in all honesty I'm mainly into DeFi income generation and investing. I do still open it at times and not login to reply. Plus I've been in Blue Star for a lot longer than you, my friend. And it's been kind to me. I still value the company highly.
My comments aren't me thinking the company is worthless and valuation figures differ from March to now not have I suggested it's worthless.I honestly have 0 idea what SP is valued at now but yes Blu is undervalued. How much so is currently dependent on SP and how they can obtain value from Pendulum and use that to push Pendulum to penetrate the market. As a direct example, nano token is feeless. As a result, the team has struggled for market penetration. That's what my comment was suggesting. SP needs to be able to derive income from Pendulum to make it worth our while and not simply look for green candles. Building it will be expensive. I've not seen Pendulum accounts or records which breakdown costs so I have 0 idea of how to value SP and my original estimate was based in a stronger market. That's what I'm driving at. Token value can increase but it doesn't mean parent company value is instantly higher.
Take near protocol for example. They have over 500m in funds. Does that mean near itself is a 500m company? Not really. Funds are locked. Ftm has 1bn in usd. Does it suddenly make ftm a 1bn dollar company? No. That's what I'm driving at.
There's a common misconception here that SPs value is directly on a 1:1 ratio linked with Pendulum. It's not. That's what I'm pointing out.
I've been in crypto for close to 7 years now. One of the most important lessons I've learned is the need to fud your own investment. Challenge it. Treat it as if there's issues there. Pick holes in it. That way you fully understand it. I can come and give full support to Blu but there's more value in me challenging Blu. This has saved me huge figures (and where I ignored fud - I lost huge figures - doh... Argo.. lol). I just don't want anyone Fomo'ing without fully appreciating the intricacies of a business area I know extremely well.
Anyway. Over and out :).
Take a look at davealders replying to smithie6.
Smithies point about the divis really is one of the most embarrassing examples of someone commenting about shares, who knows absolutely nothing about.... you guessed it.
I thought the last company update made it clear the Board were in a passive - wait and see mode. There will be no expenditure on new projects, the Board are passive no excessive salaries. Monetize non core assets when advantageous to avoid dilution. I thought the real value in decentralized finance is the commission/turn on the millions (?) of daily transactions? No worries for me, and Dynasty could happen in 2023.
Interesting that farhantahir has turned up today as his last post was August. Nothing since.
In March he described the following,
Yes - 2 p would be 100m MC. SP I currently value at 15 - it's probably a lot more in Q3. Future value here is insane.
In August he said he was looking to re-enter.
So the future was insane but he’d sold out and now on a rise he’s cleverly trying to argue Pendulum -SatoshiPay worthless.
Interesting how many of these guys turn up when good things are happening with a company.
fahantahir
BLU update 28th Sept
“ - It (Satoshipay) has successfully executed the first private presale for Pendulum and secured approximately 5.5 per cent of the future PEN tokens for services rendered.
“ SatoshiPay has successfully incubated the Amber AMM Project for which it has secured 5 per cent of its future tokens. Amber is a novel AMM design for low-risk, single-sided liquidity provision, significantly lower slippage and fees compared to other AMM designs”
@Ragnarr - Yes I know how crypto valuations have fallen. I have a considerable vested interest in crypto :). One thing to point out (and i've not studied the tokenomics in a lot of detail) - the tokens reserved for SP - are these directly for SP or is it for employees? There is a distinction here. And then there is also a possibility that the tokens are intended for a different set of use. I don't remember seeing anything which said it's for SP itself - so would be interested if there is anything. As I said though - i've not looked at Pendulum in a great deal.
I hope you're right about a Q2/Q3 rally in crypto markets, but I think you're potentially off! I'm more looking at Q4 or Q1 2024... :/
@ ragnarr. You took the words right outta my mouth lol. Thanks for your research,knowledge and input on here,as always.
farhantahir- Satoshipay will retain 5.5% of Pen tokens as well as 5% AMBR (Amber AMM) so,as and when those tokens ate tradable there is an immediate Market cap valuation. Having said that the current crypto market is no real place for valuations with some coins falling 70/80 % in value. For example Acala (one of the first Parachains) had a market cap of 600m in March - its down to about 75m today
The Crypto bear will turn to bull and I have no doubt new ATHs will be made and projevts like Pendulum coukd/shoukd be right up there, but we are probably looking Q2/3 2023 before that gets underway.
But this doesnt reflect the real future value of Satoshipay - DTransfer. Once Pendulum mainnet is live and Spacewalk is up and running Dtransfer growth should be spectacular. All Imo.
If there isn't a way for SPP to generate income from Pendulum, it can theoretically be worth 0 (I don't think that's the case though!).
thats true leave that guy alone , he is free to do as he pleases big or small shareholder...
@farhantahir. Yes,you are right.Imagine what Satoshipay will be worth if Pendulum is only one part of it !
Volume now 225 million as BLU approaches the close with Buys exceeding Sells nearly 2/1. Avery good day as Satoshipay springs into life.