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re: Voyager - VYGVF Due Diligence
Posted on 4/7/21 at 3:39 pm to tigerfoot
Posted on 4/7/21 at 3:39 pm to tigerfoot
I hope this sucker turns around because a $700 loss after only investing 2 hours in is not the type of excitment I'm looking for these days. I'm going to watch this one over the next nine days to see if it keeps going south or not.
1
Posted on 4/7/21 at 3:51 pm to MrLSU
I've been in since the thread broke. It's reliably backtracked, filled and advanced.. and the growth numbers reinforce at least my fomo.
Posted on 4/7/21 at 5:43 pm to slackster
quote:
My point is that BTC, Voyager, and Coinbase are effectively joined at the hip right now.
Voyager has gone up 600% in the time bitcoin has gone up 20%. Are they now just locked at the hip starting this week? I don’t understand how you come to that conclusion
Posted on 4/7/21 at 6:43 pm to SkinnyTestaverde
He talks about Coinbase's Valuation. What's his breakdown of Coinbase and it's explosive growth? Let's just say $100B market cap would be very cheap. Watch his breakdown to find out.
Stock YouTube channel with 1.5 million subscribers.
Stock YouTube channel with 1.5 million subscribers.
Posted on 4/7/21 at 7:25 pm to SkinnyTestaverde
quote:
Voyager has gone up 600% in the time bitcoin has gone up 20%. Are they now just locked at the hip starting this week? I don’t understand how you come to that conclusion
Fair. I should have been more clear. I believe Coinbase and BTC will be highly correlated. As Voyager gets mainstream adoption, it will too, IMO.
Posted on 4/7/21 at 7:28 pm to tenderfoot tigah
quote:
I invest in crypto as well as stocks, but I'm not putting half a million in crypto even if they pay really good interest rates.
Asset protection
Do you know what the SIPC protects?
Posted on 4/7/21 at 7:49 pm to slackster
quote:
E*TRADE Securities LLC is a Member of SIPC, which protects customer accounts up to $500,000 for securities and cash (including $250,000 for cash only).
Posted on 4/7/21 at 8:54 pm to tenderfoot tigah
So the answer is no, I assume.
Posted on 4/7/21 at 9:11 pm to slackster
quote:
So the answer is no, I assume.
I've posted the answer directly from the Etrade website twice in this thread. Not sure what you mean.
Here is the same info straight from the SIPC website.
This post was edited on 4/7/21 at 9:14 pm
Posted on 4/7/21 at 9:24 pm to tenderfoot tigah
quote:
I invest in crypto as well as stocks, but I'm not putting half a million in crypto even if they pay really good interest rates.
Institutions are buying billions worth. And you can take them offline for storage.
Also, if BTC goes to zero then it's more than likely COIN and VYGVF will follow.
Posted on 4/8/21 at 2:20 am to slackster
quote:
Fair. I should have been more clear. I believe Coinbase and BTC will be highly correlated. As Voyager gets mainstream adoption, it will too, IMO.
Agree 100% with this. As the stocks reach maturity that will definitely happen. And coinbase reaching maturity probably week one of the IPO I would rather probably go BTC. I think voyager has a lot more room to run
Posted on 4/8/21 at 5:19 am to SkinnyTestaverde
quote:
I think voyager has a lot more room to run
When Coinbase has a $100 billion market cap next week, eyes will open and see Voyager is a massive steal with their tiny $4B market cap.
Posted on 4/8/21 at 6:41 am to tenderfoot tigah
quote:
I've posted the answer directly from the Etrade website twice in this thread. Not sure what you mean.
I’m asking do you know what it actually means. I’ve never met a single person in my life that has considered SIPC protection when determining their investment allocation.
Posted on 4/8/21 at 10:27 am to slackster
quote:
I’m asking do you know what it actually means. I’ve never met a single person in my life that has considered SIPC protection when determining their investment allocation.
Voyager offers up to 10% interest on a stable coin. What other reason would you have to not invest 100% of your money into it?
Posted on 4/8/21 at 10:35 am to tenderfoot tigah
quote:
Voyager offers up to 10% interest on a stable coin. What other reason would you have to not invest 100% of your money into it?
You don’t have any SIPC protection on currencies, first of all.
Second of all, SIPC doesn’t protect you from losses in market value.
Posted on 4/8/21 at 4:01 pm to slackster
quote:
You don’t have any SIPC protection on currencies, first of all.
They protect up to 250k in cash.
quote:
The United States dollar is the official currency of the United States and its territories per the Coinage Act of 1792.
quote:
Second of all, SIPC doesn’t protect you from losses in market value.
It is a stable value coin. There is no gain or loss in value. Just a steady 9-10% APY.
So you do consider SIPC protection to consider when investing?
You have to realize, some people have nice sized accounts. Even people who are heavy into real estate set up multiple businesses, trusts, and accounts to protect their investments.
Posted on 4/8/21 at 5:33 pm to tenderfoot tigah
I got in the game today buying Voyager shares. I'm also interested in getting an account and buying some USDC and Bitcoin via the Voyager app to start earning those high interest rates. One question I have about Voyager as a company is how can they afford to pay such high interest rates? How do they earn money from someone's Crypto that is stored in a Voyager wallet? Do they just earn money from exchange fees when people buy and sell on their exchange?
Posted on 4/8/21 at 6:00 pm to tenderfoot tigah
quote:
They protect up to 250k in cash.
Stable coins aren’t cash.
quote:
You have to realize, some people have nice sized accounts. Even people who are heavy into real estate set up multiple businesses, trusts, and accounts to protect their investments.
I’m aware, and I’m stilling telling you there are no practical reasons to concern yourself about SIPC limits at any reputable firm in any reputable investment. It’s designed to replace things that are actually missing from an investors account.
On top of that, SIPC does not apply to any of Voyager’s assets. It would only apply to the security itself if held in a member firm, and it would only come into play if that firm went belly up AND your Voyager stock was missing. If you know anything about modern brokerage firm failures, you’d know this simply doesn’t have a practical application.
This post was edited on 4/8/21 at 6:01 pm
Posted on 4/8/21 at 6:05 pm to tenderfoot tigah
quote:
Voyager offers up to 10% interest on a stable coin. What other reason would you have to not invest 100% of your money into it?
Holy smokes, you actually think you have protections on cryptos held in Voyager?
Eta- I’m so confused on this SIPC discussion and why it even matters.
This post was edited on 4/8/21 at 6:20 pm
Posted on 4/8/21 at 7:17 pm to 98eagle
quote:
One question I have about Voyager as a company is how can they afford to pay such high interest rates? How do they earn money from someone's Crypto that is stored in a Voyager wallet? Do they just earn money from exchange fees when people buy and sell on their exchange?
I have assumed the high interest is an initial loss leader to get their acquisition numbers up. No different than an online Sports Book giving away a $100 Free Bet or a Bank giving you a toaster in the old days.
I believe they have two streams of revenue with the most important being this:
quote:
Voyager uses a unique Smart Order Routing that takes advantage of discrepancies between listed prices on cryptocurrency exchanges.
When Voyager finds you a more advantageous price, it extends the savings onto you and keeps a small percentage of the differentiation. In other words, Voyager’s exchange only makes money when you do.
A secondary source of revenue will come as they scale and they find very low-risk ways to get a return via daily interest by making the cash work from folks that stash "Available Cash" into their Voyager account to wait for a Dip and then do nothing with it for months on end. They'll figure out how much of that stays stagnant or almost abandoned and find ways to put it to work.
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