Started By
Message

re: Voyager - VYGVF Due Diligence

Posted on 10/16/21 at 5:04 am to
Posted by UncleLester
West of the Mississippi
Member since Aug 2008
6693 posts
Posted on 10/16/21 at 5:04 am to
quote:

Neither of those links you provided confirms that they as a company are holding 12K in BTC unless I am missing something.


Exactly. 3 of "their" 12,000 BTC are mine.

I love their interest but considering moving 2/3rds of my BTC to somewhere else to disperse the liability a bit.

My major concern is what happens in December when they announce that they may cut $BTC interest rates (as the model isn't working beyond initial acquisition) and their is a potential "run" on everyone wanting to move off the platform but keep their currency - do they really hold enough coins for all the ones that they have been selling?

This post was edited on 10/16/21 at 5:06 am
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 10/17/21 at 2:42 pm to
Voyager spreads on trades are fairly large. They skim 5% on every in and out. That’s a lot of fricking money

It will be interesting to see how their desktop trading platform differs from their app. Ease of their app and how clean it is is what made them blow up like they did but it’s definitely not for traders but causal investors.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram