Blue Star Capital Share Discussion Threads

[kernel_pult1] 27/1/2021 10:18

Yes you’re absolutely right about putting the drum away ragnarr I need to stop wasting time on here Lol

Disagree with the ramping and de ramping comment though. How can one deramp Satoshipay when it’s not publicly traded

You need two sides for a discussion or else all you’ve got is an echo chamber

Also I’m not bearish on BLU

[ragnarr] 27/1/2021 10:11

Thought you were putting the drum away - over and out - Ramping and de-ramping becomes obsessive doesnt it Kernel

[kernel_pult1] 27/1/2021 10:06

888icb,

I'm really not sure how you can put the words Satoshipay and 1 billion in the same sentence lol. Well, I guess you could say we're almost there with our 11 clients lol.

That's great you're using extracts from articles to which you are effectively comparing Satoshipay to the likes of Uber, Snapchat etc. We are lightyears away from being anything like them.

Further point from that article: what about all those thousands and thousands of start ups that don't make it? The ones that have millions pumped into them and never gain any traction....?

"burning through investor cash in order to expand." Yes, unfortunately a chunk of that is BLU's cash which has been burnt through to which they have (at this moment in time) nothing to show for it. As before mentioned, are they using future funds to expand the business or are they just being used to keep the lights on? It would be great if Satoshipay can elaborate on the next update as to how they plan to employ their capital.

Something I will say is this can turn round quickly. If they are able to transact say, £150m through B2B in a 12 month period, lets say their cut was 5%, so £7.5m revenue, that would go a long way to having them break even or potentially even turn a profit

[doodlebug4] 27/1/2021 09:16

Blue Star Capital
@BlueStarCap
·
27m
#BLU #eSports
ESPORTS PRIZE MONEY RISING
➥eSports is growing rapidly as is the prize money involved in the industry, good news for players and investors
➥Fortnite developers have announced that the prize pool for the game is now an impressive $20M

[888icb] 27/1/2021 09:07

Well said TEB. I am afraid a certain poster is showing his lack of understanding of financial markets as illustrated by an article in Business Insider:


“A Pitchbook report published earlier this year showed that, of 100 startups worth more than $1 billion to successfully complete an initial public offering since 2010, 64% were unprofitable. Last year, unprofitable companies that went public fared better than profitable ones, according to Recode.

Many of the world's most valuable tech startups have never been profitable, raising billions of dollars from investors while still losing money every year.
Tech startups typically focus on rapid growth in their early years, burning through investor cash in order to expand.
Massive brands like Uber, Snapchat, and Spotify are among those that have yet to make a profit.
Wall Street is becoming more accepting of this startup model — investors are willing to tolerate negative cash flows for increasingly long periods of time.”

Satoshipay’s losses are to be expected and are no impediment to it obtaining for example a £1 Billion valuation.

[trentendboy] 27/1/2021 08:26

Listen to the interview with Stella CEOThey need DTransfer and othersThe backing will continueToo strategically important for the Stella network Has to grow fast to get network effects plus Stella have a lot of money

[stoxx67] 27/1/2021 06:28

i agree peted

basically, MB will have to deliver or satoshipay will be divested.

i would start to agree with kernelP, the chap (MB) has had long enough, too long by many investors opinion, and here lies the issue, its a chunk of Blue Stars investment capital invested in this international, awkward company. they obviously want a return rather than write it off.

Derek's focus is without doubt e-sports, so i would imagine he will read whatever a "riot act" is in German and await a response, if its not forthcoming then divest, and after all this time , thats probably the right call. far too much time and money wasted on Satoshipay, then again if DTransfer starts to gain traction it could be a monster of a company , conflicted , the problem is , for long term holders tbat have seen all that has gone before, would you trust Mr Benn in charge of a monster company when he has failed with a minmnow?

[pinemartin9] 26/1/2021 23:07

Wish I hadn't bought a couple of weeks ago! Still believe in the opportunity here but I have a nasty habit of buying on the spikes!

[peted81] 26/1/2021 22:32

Bapodra - to echo some of the previous points. Until recently SatoshiPay's business was based on micropayments. Years of development and investment into a product that doesn't have a market and literally earns a couple of £ per week.
They've now reinvented themselves with a B2B product and people see a lifeline, but the typically slow response means SatoshiPay have lost their early advantage, Stellar have already thrown £millions into an alternative/competitor solution.




On a potentially positive note. Interviews with Meinhard and Tony were horribly awkward, their relationship appeared quite strained. Hopefully we'll see a change with Derek and a better more transparent newsflow.

[kernel_pult1] 26/1/2021 20:37

The last time I banged the drum this loud about Satoshipays slow progress was around July 2020 which is co-incidentally 6 months ago, so I’ll tell you what, now that I’ve said what I’ve had to say today, I’ll sit back again, let the dust settle and see what newsflow comes through.

Meaning I’ll put the drum away for now but it will be out again if things don’t improve in a few months re Satoshipay/dtransfer.

There is so much expectation in this quarter and the next.

Good luck to all genuine holders.

Over and out

*edit

One last thing

#meinhardout

[trentendboy] 26/1/2021 20:29

Interesting discussion Many companies including Amazon and many others became unicorns and making lossesTrivial arguments

[kernel_pult1] 26/1/2021 20:16

888, thanks for your response, The Chinese equivalent Alipay with 1bn users, by comparison, SP/DT had 11 on the last update in December, slight difference there, I mean, yes that gives us room for growth but they need to get a move on.

I agree there still is potential with Satoshipay. However the sword of Damocles needs putting above meinhards head with a timescale on delivering

I hope Derek can influence and steer the guys at SP/DT to success

[doodlebug4] 26/1/2021 20:06

That is very true and some long term investors in BLU must be sitting on large losses.

[888icb] 26/1/2021 18:05

Old Satoshipay could have obtained a listing 2 years ago if it had reversed into BLU so I don’t think there is any problem with getting them a listing very soon. They have a proven technology and a trading history. They can raise new money just like Guild did with a much shorter track record.
As I am sure you are aware from looking around the market profit is not the main concern in early stage FinTech, it’s all about establishing scale as quickly as possible by raising money. If the market believes you will succeed they will value the company on that basis. Just listened to a podcast which mentioned that the Chinese equivalent Alipay has a billion users. That just illustrates that it is the future, which is happening now and the size of the market as it’s the new global banking system delivered at a much lower cost. It is a very exciting and promising opportunity which Derek should focus on now.

[okspookie] 26/1/2021 16:35

while i admire 888s efforts to debate with pulty

on the other thread

im afraid it just gives the deramper in chief more oxygen

[kernel_pult1] 26/1/2021 15:53

Yes six pint I also made my first purchase sept 2017 so been holding a long time too

It’s going to take Satoshipay an age to just break even, let alone start making a profit. I admire your optimism 888 and I hope you are right.

Satoshipay have a lot of work to do for them to be seriously considered for an IPO in the future. That would be great for BLU though

[doodlebug4] 26/1/2021 15:46

Lack of newsflow - and most BLU shareholders are asking the same question that you just posted.

[oakville] 26/1/2021 15:40

What's going on?

[doodlebug4] 26/1/2021 15:13

Sam Conner
@samconnerone
·
1h
Real soon the world will see
@StellarOrg
really utilized as a payment rail! So many great partnerships already announced across the globe with more to come! Amazing to see everything coming together. #XLM