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ok blu owns 27.3% of pendulum , i am more interested in what pendulum is worth than what the token does
Hi chester0.
We don't own 30% of Pendulum.
We own 27.3% of SatoshiPay which in turn owns 100% of DTransfer which will be credited with 5% of the Pen tokens.
I think that is more accurate.
Sure someone may correct it.
Thanks
doesnt matter what matters is when the crownd realise BLU own 30% of pendulum thats game over and we can all retire
a lots of new sweet and innocent lads showing up lately. ...
Lets hope you don't get chance to buy back in lower then ;)
Just thought i'd counter some of the negativity. Enjoying the debate on the correlation between Crypto/Btc and Blu..both have seen a rise recently.There is of course the possibility that the recent rise here is simply because Blu has been grossly undervalued for too long as we await developments,with the possibilities that both Dynasty and SP hold.Difficult to quantify atm but looking ahead,the value here may be even more difficult to put an upper limit on.
I agree BLU will move with the crypto space at times and shareprive movement has a decent amount of correlation. I sold £32 grand here yesterday . Looking for 0.18 /0.19 to get back in .
I never said bitcoin specifically….. I said CRYPTO!
The correlation is in perception and thinking!
That has been reflected in the climb recently.
Some time ago, I listened to an interview with Meinhard where he was asked to speculate on the potential value of PEN tokens.
He reply was something like 'Who knows? If you look at the number of coins valued at over $100 million and even the number valued at $1 billion, it's quite extraordinary. Who can say what PEN will be worth?'
Most of the alt coins go up and down in sync with BTC so I don't think it is unreasonable to see a correlation between BTC and BLU.
DarkHero1981
I've just loaded the Trading Update and Investment Portfolio Review RNS from 28th September 2022.
I've searched the word Bitcoin.
0 matches. Zero. Zilch. Zip. Nada.
Please do elaborate on your point about how Blu and Bitcoin have anything to do with each other
Honestly, just ignore him.
There's a few that turn up here when Blu rise.
He's a sad, lonely time waster.
As I said Pump n dump
Blubutton - incorrect my friend ;)
Bobsson - excellent appraisal.
Always great to have volume here.
We have had days - weeks in the past where its been traded 500 million +.
Those days I feel won't be far away again.
Some profit takers this morning which is expected after a big rise.
All good.
Thanks
Stonking volume going through. Around 450 million traded last week and 260 million so far this week.
BLU and BITCON have absolutely nothing to do with each other, no correlation whatsoever.
DH1981, Blu and crypto are inextricably linked, on a psychological feel good factor if crypto is doing well so should Blu`s share price. However the fundamental link is that if all thinks crypto are banned by international regulation, and there are some financial and political thinkers who want it banned, then Satoshipay will have to think of another market for its technology. But I don`t think that will happen, crypto is emerging from the "Wild West" phase of its development and will face regulation to bring it into the mainstream of finance. But I think crypto is here to stay and all of what Satoshipay has to offer will provide the links for decentralised finance to link to the mainstream. The major issue for Satoshipay is that its offerings are still in development, we hit the jackpot if they work, but not if they don`t.
Just my view.
The sp here has never gone above 0.75 in ten years. Can’t see it going anywhere near that without some valuations on our investments.
This rise could be temporary due to pendulum in February and crypto rising.
Blu and crypto are inextricably linked regardless of what any says or thinks! Even Ragnar said that a while back ;-)
Satoshipay is appointed under contract to build the pendulum blockchain and will be paid in Pen tokens which I suspect are gonna be worth a lot.
@ragnaar
totally agree, i've seen some of the chumps on ADVFN ramping away , not entirely understanding the business or facets of such, you have to understand these to get a feel for the sum of the parts. i'm no advocate of crypto, as you well know, i know you are. but i know Blue Star and intrinsically sound financial assets for that matter. Blue Star at 1p is an excellent return on my capital invested for 5+ Years, i'll then move the funds into the next opportunity.
i've always stated for many years, i would be happy at 1p.
if you disrupt the FX market and are able to take more than a crumb of that market, then to be quite honest, anything is possible,however, there is and always will be competition too;
1p = market cap of £50m
Dynasty is probably worth 0.3 = £15m
so at 1p Blue Star 28% in Satoshipay would need to be worth £35m, so Satoshipay market cap / valuation would need to be £120m, which is entirely possible if the FX market disrupt proves even slightly successful
all the best
blu
I won't be selling , might not get another opportunity at this SP ,, hopefully I will be topping up , good luck everyone
Chester didn't quite make 0.3 for you today but think we could test later this week. Obviously if you could keep topping up 20M chunks that would help : )
In the meantime.
Central Bank of Saudi Arabia explores CBDCs for local wholesale bank settlements
https://www.cryptopolitan.com/central-bank-of-saudi-arabia-explores-cbdcs/