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re: Voyager - VYGVF Due Diligence

Posted on 4/8/21 at 7:34 pm to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/8/21 at 7:34 pm to
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?



they buy spot btc, go short futures (lock in the right to sell at that price) pocket the difference when the contract expires.

the market is letting us collect ~25% annualized yield while being market neutral right now
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10449 posts
Posted on 4/8/21 at 9:03 pm to
quote:

you’d know this simply doesn’t have a practical application.


Do you carry homeowner's insurance, flood insurance, etc?
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/8/21 at 9:14 pm to
quote:

they buy spot btc, go short futures (lock in the right to sell at that price) pocket the difference when the contract expires.

the market is letting us collect ~25% annualized yield while being market neutral right now


I assume their 9% USDC rate is just a loss leader then.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/8/21 at 9:16 pm to
quote:

Is your money in a bank with or with FDIC protection. Why or why not?



Going over your FDIC insurance is substantially more risky than going over your SIPC coverage. Just admit you don’t know what the helm the SIPC even does or covers.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10449 posts
Posted on 4/8/21 at 9:28 pm to
So you believe in asset protection just not with your investments got ya.

Can you please stop posting in any and all of my threads? It is clear you are trolling at this point. I gave you the benefit of the doubt, but it's clear you were trolling people all along.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/8/21 at 9:42 pm to
quote:

Can you please stop posting in any and all of my threads? It is clear you are trolling at this point. I gave you the benefit of the doubt, but it's clear you were trolling people all along




How will I learn more about SIPC protection and it’s importance??
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/9/21 at 6:51 am to
quote:

9% USDC rate is just a loss leader then


it's mostly speculation but they likely convert the stable coins into btc for the contango and then just collect.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/9/21 at 7:22 pm to

quote:

they buy spot btc, go short futures (lock in the right to sell at that price) pocket the difference when the contract expires.

the market is letting us collect ~25% annualized yield while being market neutral right now


interesting the first big bank just released a report on this trade thats been available for months

LINK

will be interesting to see how it all plays out
Posted by go ta hell ole miss
Member since Jan 2007
13686 posts
Posted on 4/9/21 at 7:30 pm to
quote:

How will I learn more about SIPC protection and it’s importance??


What have you ever learned and when has it ever changed your dogmatic ideas? I’ve read a lot of your posts and never, not one single time, have you ever said someone changed your opinion and taught you something. You just dump on people’s ideas to be a jerk, or worse, you aren’t even trying to be a jerk and that’s your regular personality. Clearly you are not going to change his mind on this and yet you continue to dump on his thread and railroad it for those that actually care to learn more. It’s insufferable. You just go around with contrarian opinions and never espouse any of the positions you are in or think are going to be winners. It must be exhausting trying to find things wrong with everyone and everything.
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 4/9/21 at 7:48 pm to
Love my Voyager position but also added big time to Galaxy (BRPHF) this week as well. It reach an ATH today. Their stock is probably the closest thing to a crypto etf right now.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/10/21 at 10:01 am to
quote:

Clearly you are not going to change his mind on this and yet you continue to dump on his thread and railroad it for those that actually care to learn more. It’s insufferable. You just go around with contrarian opinions and never espouse any of the positions you are in or think are going to be winners. It must be exhausting trying to find things wrong with everyone and everything.


It’s laughable that people say they’re trying to learn anything. They don’t want to learn about VYGVF, they don’t want any real DD, they simply want to talk pie in the sky. Same is true for other stocks discussed on here. When I come in with facts that aren’t as friendly, people get their feelings hurt. Sorry.

If you’d like me to change my mind on something, feel free to point out something I’ve said that was incorrect. Otherwise I’ll continue to discuss ideas that I think are interesting, like Voyager, without all the bullshite valuation metrics the OP has tried to make.

quote:

It must be exhausting trying to find things wrong with everyone and everything.


It’s shockingly easy on the MB. It took two seconds to see how bogus the claims of the OP were. It does no one any good to discuss a stock with make believe math. I’ve said a few times in this very thread that VYGVF is an interesting play but would be better served by a less emotional spokesman.

This post was edited on 4/10/21 at 10:19 am
Posted by Sho Nuff
Oahu
Member since Feb 2009
11978 posts
Posted on 4/10/21 at 1:19 pm to
Did you buy VYGVF? I'm up 70% so far. I see this going way higher. If you don't have any, why are you in this thread/why do you care?
This post was edited on 4/10/21 at 1:20 pm
Posted by ynlvr
Rocket City
Member since Feb 2009
4614 posts
Posted on 4/10/21 at 1:28 pm to
If you listen closely he will tell you he’s just trying to save the unwashed masses from themselves.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/10/21 at 5:17 pm to
quote:

Did you buy VYGVF? I'm up 70% so far. I see this going way higher. If you don't have any, why are you in this thread/why do you care?



I’m considering it for my wife’s Roth contribution. I’ve downloaded the app and I’m on the waitlist. I’m not sure where this idea that you have to own the stock in order to discuss it originated. Regardless, I haven’t been critical of the stock, I’ve been critical of this laughable due diligence of the OP. There is nothing diligent about it. The stock deserves better.
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 4/10/21 at 6:00 pm to
quote:

nothing diligent
the only diligent thing in this thread is that you're an a-hole!

This post was edited on 4/10/21 at 6:01 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/10/21 at 6:20 pm to
downloading a crypto app when you said youd "be shocked if bitcoin was over $40k in ten years"

interesting...
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/10/21 at 7:11 pm to
quote:

downloading a crypto app when you said youd "be shocked if bitcoin was over $40k in ten years"

interesting...


Why? I believe in crypto in general, I just doubt BTC holding up because of the typical history of first movers.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 4/10/21 at 7:15 pm to
quote:

the only diligent thing in this thread is that you're an a-hole!


Glad you agree there is no real due diligence being discussed here.
Posted by TigerBite
Dallas
Member since Feb 2004
2540 posts
Posted on 4/10/21 at 9:45 pm to
Honestly, the question here is not whether or not to buy, but when is the best time to buy? The CB listing will probably pull Voyager and Galaxy up this week. Will there be a pullback after? Yes, but when? The demand for the CB listing and the low float make it very interesting...and of course the differentiated asset class. If you aren’t trading them, just buy and revisit them in 5 years. You can argue no moat, but the reality is that first movers have gained massive advantages in the crypto space, whether coins or exchanges.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/10/21 at 10:11 pm to
quote:

I believe in crypto in general, I just doubt BTC holding up because of the typical history of first movers.


all Bitcoin has to do is stay decentralized and secure. that's it.

people who want to securely store and maintain their wealth don't care about smart contracts or txs time/cost or any of the other crypto bulshit that doesnt even require a token.

BTC won't be dethroned as money or store of value until some new technology comes around that is so far ahead and so good that it would make all crypto obsolete.

bitcoin is like the internet at this point...and how long until the internet gets replaced by superior technology despite it being "the first mover"?
This post was edited on 4/10/21 at 10:24 pm
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