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Another follow up thread on why I am very bullish $SXP Swipe and I think it will perform well in the future.
I hold a pretty large amount of this so I am very biased but I've done my due diligence and I will hold with conviction.
(1/..)
I hold a pretty large amount of this so I am very biased but I've done my due diligence and I will hold with conviction.
(1/..)
Firstly - The Burn. With Swipes card they burn 80% of the transaction fee that users are charged. I've averaged out some of the November numbers below (burn is paused currently for December promotion and resumes soon).
The small sample averages at a 12k $ / d or 4.5m $ / year
The small sample averages at a 12k $ / d or 4.5m $ / year
Just some back of the napkin dodgy math as I like to do but this would give it a rough P/E ratio of 15.
Take into account the average company in the S&P500 trades at 30x nearly... and most crypto projects A LOT more than that. (Aave is like 74x I believe?)
Take into account the average company in the S&P500 trades at 30x nearly... and most crypto projects A LOT more than that. (Aave is like 74x I believe?)
Anyway you can mess around with the numbers and do your own research but soon in January the burn will resume and it will have no doubt have grew since it was paused because of cards being issued every day and Binance Card has a good chance at being a big hit.
Onto my second point - The Team.
I think their intentions are good and they are clearly pretty efficient at actually delivering on new features etc.
@SBF_Alameda has even endorsed them a couple times as well. SBF is a king and you know the saying "only real recognize real"
I think their intentions are good and they are clearly pretty efficient at actually delivering on new features etc.
@SBF_Alameda has even endorsed them a couple times as well. SBF is a king and you know the saying "only real recognize real"
Third - Capitulation from noobs.
Whenever I search the tag on twitter all I see is people who can barely speak English and very likely bought the top crying about it lmao and dumping at the bottom.
The sentiment is absolutely fucked and that doesn't happen at tops lol.
Whenever I search the tag on twitter all I see is people who can barely speak English and very likely bought the top crying about it lmao and dumping at the bottom.
The sentiment is absolutely fucked and that doesn't happen at tops lol.
Can the price go down more? Maybe.
Is it just going to bleed into hell and never return? No.
As long as the team is building and the product is working I will hold this. My average buy in is only maybe 5% higher than where we are now and I'm pretty cosy tbh. Strong hands.
Is it just going to bleed into hell and never return? No.
As long as the team is building and the product is working I will hold this. My average buy in is only maybe 5% higher than where we are now and I'm pretty cosy tbh. Strong hands.
That's all I have to shill for now. I think it's a +EV play and I've put my money where my mouth is.
(please if you have under 20 IQ and live in a mud hut in a third world country don't comment saying "eNjoY thE ScAM cOin nOob BagHoldeR")
(please if you have under 20 IQ and live in a mud hut in a third world country don't comment saying "eNjoY thE ScAM cOin nOob BagHoldeR")
