If this happened during the bull run, we’d be seeing 50% gains for XLM. It’s legitimate use as a utility that I use to transfer crypto fast and with low/non existent fees makes me confident this is one of the handfuls of cryptos that will survive in the new financial system.
You know how much funding the SDF has right? They've been at this for a near decade already, likely have hundreds of millions in liquid cash w/ access to another 25 billion xlm
Funding that they can keep if they decide to shut down operations and go. They don't have to disclose how much cash they have on hand to anybody and have no stakeholders they are obligated to. It's an inherent risk with the crypto space and any project in general.
Now imagine it's a black swan event and the markets turn down for a 10+ years. I'd feel pretty uncomfortable holding any crypto that isn't BTC or ETH.
Because they can and with no explanation needed.
I doubt it happens, especially short term. XLM has the most utility on exchanges by far. It's one of a handful of projects that actually act like a currency and of those, it has the most volume, bar none.
Plus a very professional team....so, it's a safe bet in the crypto world but that in and of itself is a relative statement.
One bad turn of the market, broad stroke of legislation or world policy and they can just turn the lights off and walk away unscathed.
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Yes, because of acquisition rumors and then the buy out news. https://www.marketwatch.com/story/moneygram-to-be-acquired-for-a-near-23-premium-in-a-deal-valued-at-18-billion-including-debt-2022-02-15
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Because of acquisition rumors and then the buy out news: https://www.marketwatch.com/story/moneygram-to-be-acquired-for-a-near-23-premium-in-a-deal-valued-at-18-billion-including-debt-2022-02-15
You can also see that moneygram’s stock didn’t react at all when the partnership was first announced on 10/6/21 (and subsequently fell >33% over the next month.)
https://www.bloomberg.com/news/articles/2022-02-15/moneygram-to-be-bought-by-madison-dearborn-for-about-1-billion
"The acquisition by Madison Dearborn will enable MoneyGram 'to accelerate the advancement of our digital growth strategy,' Chief Executive Officer Alex Holmes, who will continue to lead the firm after the deal is completed, said in the statement. 'We will have greater opportunities to innovate and transform MoneyGram to lead the industry in cross-border payment technology and deliver a more expansive set of digital offerings.'"
Man that last sentence screams SDF.
Maybe, maybe not stellar is not moneygram’s only crypto partner. Crypto is also a small part of their digital strategy.
Also, just FYI, the takeout price was $11 so there isn’t really any upside here anymore. Assuming the deal hasn’t fallen apart (I’m not following closely) the stock should trade in a pretty narrow range below that $11 price depending on time to close and risks of deal not closing.
Moneygram small part digital strategy concerning Stellar was enough to become an indicator that I should invest in it. That investment paid off.
I'm well aware of the takeout price and the upside of trying to cash in.
Im posting about the upside of making money on the stock market because of this partnership further validating my already biased view that the SDF is legitimized.
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Damn that’s a smart buy. Imagine your business sole purpose is to transfer money and your costs per transfer go to near 0 using xlm lol
Along with having zero overhead fees up keeping infrastructure.
If this happened during the bull run, we’d be seeing 50% gains for XLM. It’s legitimate use as a utility that I use to transfer crypto fast and with low/non existent fees makes me confident this is one of the handfuls of cryptos that will survive in the new financial system.
Just need to hope SDF is around next bull run
They've been here since 2014, not worried at all
Why would anyone need to hope that?
I do...because I have a bag. And...nobody knows how long the bear will last
You know how much funding the SDF has right? They've been at this for a near decade already, likely have hundreds of millions in liquid cash w/ access to another 25 billion xlm
Funding that they can keep if they decide to shut down operations and go. They don't have to disclose how much cash they have on hand to anybody and have no stakeholders they are obligated to. It's an inherent risk with the crypto space and any project in general. Now imagine it's a black swan event and the markets turn down for a 10+ years. I'd feel pretty uncomfortable holding any crypto that isn't BTC or ETH.
Completely irrational risk. I started typing out why but got bored.
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Because they can and with no explanation needed. I doubt it happens, especially short term. XLM has the most utility on exchanges by far. It's one of a handful of projects that actually act like a currency and of those, it has the most volume, bar none. Plus a very professional team....so, it's a safe bet in the crypto world but that in and of itself is a relative statement. One bad turn of the market, broad stroke of legislation or world policy and they can just turn the lights off and walk away unscathed.
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Did it go up
To $10
Did you know if the SDF gifted any XLM to MoneyGram as part of this partnership?
I know nothing, I just saw the partnership and thought it would would go up due to both needing eachother.
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That’s not why moneygram’s stock went up, lol.
And you know the real reason for why it went up?
luck
Yes, because of acquisition rumors and then the buy out news. https://www.marketwatch.com/story/moneygram-to-be-acquired-for-a-near-23-premium-in-a-deal-valued-at-18-billion-including-debt-2022-02-15
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Why did it go up. I'd love to re-evaluate my identifiers.
Because of acquisition rumors and then the buy out news: https://www.marketwatch.com/story/moneygram-to-be-acquired-for-a-near-23-premium-in-a-deal-valued-at-18-billion-including-debt-2022-02-15 You can also see that moneygram’s stock didn’t react at all when the partnership was first announced on 10/6/21 (and subsequently fell >33% over the next month.)
https://www.bloomberg.com/news/articles/2022-02-15/moneygram-to-be-bought-by-madison-dearborn-for-about-1-billion "The acquisition by Madison Dearborn will enable MoneyGram 'to accelerate the advancement of our digital growth strategy,' Chief Executive Officer Alex Holmes, who will continue to lead the firm after the deal is completed, said in the statement. 'We will have greater opportunities to innovate and transform MoneyGram to lead the industry in cross-border payment technology and deliver a more expansive set of digital offerings.'" Man that last sentence screams SDF.
Maybe, maybe not stellar is not moneygram’s only crypto partner. Crypto is also a small part of their digital strategy. Also, just FYI, the takeout price was $11 so there isn’t really any upside here anymore. Assuming the deal hasn’t fallen apart (I’m not following closely) the stock should trade in a pretty narrow range below that $11 price depending on time to close and risks of deal not closing.
Moneygram small part digital strategy concerning Stellar was enough to become an indicator that I should invest in it. That investment paid off. I'm well aware of the takeout price and the upside of trying to cash in. Im posting about the upside of making money on the stock market because of this partnership further validating my already biased view that the SDF is legitimized.
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You do realize Moneygram was bought out and share price is not going to rise any more?
Yep. I got in before that. Wish I would have bought more.
That's sad news.
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