Blue Star Capital Share Discussion Threads

[david gruen] 03/2/2023 10:24

Indeed.

Worth noting that we are only starting the 3rd wave of wave 1 of 3. :-)

[jack jebb] 03/2/2023 10:22

Ellioticians will be salivating about the potential start of wave 3.

[david gruen] 03/2/2023 09:48

Sharing again as requested:

[ragnarr] 02/2/2023 20:45

All good for Pendulum futureDeFi enjoys prolific start to 2023: DappRadar reporthttps://cointelegraph.com/news/defi-enjoys-prolific-start-to-2023-dappradar-report

[doodlebug4] 02/2/2023 10:31

Thank you ragnarr.

[ragnarr] 02/2/2023 10:15

Equilibrium and Pendulum Integrate for Cross-Chain EQD Stablecoin & PEN Functionalityhttps://medium.com/equilibrium-eosdt/equilibrium-and-pendulum-integrate-for-cross-chain-eqd-stablecoin-pen-functionality-9bb100582f22

[david gruen] 02/2/2023 08:53

I'm not that concerned at warrants capping upside at .35/.45 when the price is at circa .2

[jack jebb] 01/2/2023 23:24

There's two ways of looking at the warrant award to the directors. Good arguments for both sides.

My glass is half full. They obviously wanted this done and dusted before Satoshipay does their thing, and if the share price rises to the levels that many have thought possible, I for one wont care that the directors will make large moolah out of it.

You actually need directors singing from the same hymn sheet as ordinary shareholders, as they are clearly incentivised to be proactive with the investments we own.

Do they deserve them? Possibly not that much, but at the end of the day, it will only cost us marginally if and when they are exercised, and its a price worth paying.

imo

[doodlebug4] 01/2/2023 20:11

Sadly the RNS on 30/1 has put a damp squid on the upward trend in the share price & momentum. Well done Fabrizi & co for taking the opportunity to line your own pockets at the expense of shareholders. Another year, same old.:-)

[david gruen] 01/2/2023 12:39

0.8p initial target, support holding up nicely. Will provide a chart shortly.

[888icb] 31/1/2023 19:28

When commenting on how quickly momentum can be gained remember what Is said on the website about Satoshipay:
“ SatoshiPay is a Decentralised Finance (DeFi) technology business that has built the DTransfer platform to provide frictionless, cross border B2B payments. In parallel and to support DTransfer the company has also built Pendulum, an open-source blockchain built on the stable and existing Substrate framework. Pendulum establishes the missing link between fiat and the DeFi ecosystems through a sophisticated smart contract network. Pendulum has so far raised $5 million for its further development by the private presale of Pendulum tokens.

Digital wallets are a mechanism allowing consumers to make payments using their mobile or desktop device. The Solar wallet from SatoshiPay, powered by the Stellar Network, has more than 25k instalments in 40 countries. It is recommended by the Stellar Development Foundation, which coordinates the Stellar network.”
Now remember that Dtransfer has been operating for about 4 years working closely with Pendulum which should enable it to get first mover advantage in the new DeFi cross border B2B payments arena.Satoshipay has more than one string to its bow and Pendulum was conceived to facilitate Dtransfer. Exciting times.

[steveberyl] 31/1/2023 17:28

????? Just how could BLU have, in your words, Promoted Pendulum, at this stage prior to a major event, without being seen as "Pumping"

Like Directors being denied the opportunity to buy shares in a closed period, there are times when a Company is barred from Commenting, one way or the other.

[steveberyl] 31/1/2023 17:14

Perhaps the Authorities might frown on Ramping by BLU ?? No dig intended.

[doodlebug4] 31/1/2023 16:44

Perhaps the Directors of BLU could find the incentive to do better with the company twitter feed. Unfortunate timing that there hasn't been one single post on there for four months and then very recently we have three about Guild, including a flag up to a nonsensical voxmarkets podcast. Why no mention of the progress Pendulum is making? Just doesn't make any sense to me.

[junior21] 31/1/2023 13:19

Can't talk for everyone but I would prefer to read ragnarr's informative and balanced posts than Steve's RAMPS.

Pen has huge potential, I'm not sure that can be denied, but there are no certainties it will be a success.

[jack jebb] 31/1/2023 13:18

I spent many years working in financial markets. That doesnt mean I know it all. Far from it - I worked at Lehman Brothers!

However, I think Ragnarr is right. This will not be an overnight thing. After all, who trades fx? Approximately 6 billion people round the planet, some just when they go on holiday, right upto the major central banks and investment banks on a minute by minute basis.

For it to gain market changing traction, they would need some central banks onside, as well as many investment banks who have departments with hundreds of people trading currencies, imo.

Were they to go down the retail route, so Joe Public can press a button to change his 500 pounds into US Dollars at the press of a button, that again takes time before people stop going to their local bureau de change, tesco, bank or whatever.

They have been working on their system for a few years. I would hope and expect they have made the necessary inroads to get this thing started, but even when it does, it will take years before it becomes the goto place for currency trading, imo.

Now if that sounds negative, it really shouldnt be. Its a multi trillion dollar market, and even an initial small slice of it is a great business and great start. To get any central bank or investment bank to change their long established habits isnt easy.

As an example, look at the way we vote. We go into a booth, one by one, and put a cross in the appropriate box. In this day and age, it would be far simpler and efficient to press a button so its all computerised, but the chances of that happening are pretty small.

Companies that are established in currency trading will not want this to succeed. I am referring to places like a bureau de change, that have obsenely wide spreads, commissions etc. Same with retail banks, and even major supermarkets have their own currency exchange booths. Of course, anyone with any financial knowledge would never use any of them - but many, many holidaymakers around the world do.

It is exactly because of places like that, that Satoshi can succeed. What individual or business wouldnt want access to tight spreads with minimal dealing costs?

The potential here is mindbogggling, but none of us should be under any illusion that it will be easy, and immediate.

Just my tuppence worth.

[steveberyl] 31/1/2023 12:27

ragnarr, I respectfully, disagree. Personally, I see this as an instant, GAME CHANGER. All signs and your post`s in particular say, unequivocally, that the Forex Market is similar to Dark ages, Dog pit, and that anything that brings order of some sort is Welcome. The fact that Pen is eagerly awaited and much talked about heralds HUGE INTEREST & PHYSICAL INVOLVEMENT.

The only worry, imho, will be, "Can Pen cope with the Tsunami when it comes?"


Always bearing in mind the Monumental amount of trades that the Forex Market generates. Disruptive? Absolute game changer.

ragnaar. I always enjoy your posts.

[ragnarr] 31/1/2023 11:56

All extremely promising, I have no doubt that DeFi Forex will be the future but we have to remember that this is disruptive technology and will not all happen overnight - but when momentum gains it will be unstoppable - IMO

[jack jebb] 31/1/2023 09:44

Its a good read Ragnarr, thank you.

I just wish I understood it!

The FX market is the largest in the world, and in this age of modern technology and advanced dealing systems, it does seem odd that trading fx is still relatively archaic.

[steveberyl] 31/1/2023 08:49

Pendulum 2022 Annual Roundup

[888icb] 31/1/2023 08:47

Very quiet at BLU this morning with No Trades in the first 46 minutes of trading.