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mfaphoto

05/18/24 8:41 AM

#217614 RE: lakers17 #217608

Lakers, in this posting, you make good points. I understand where you are coming from. I am trying to think both long and short term. I'm looking at it day by day and keeping my mind open. It's like walking down the street in Paris. Yeah it is a great place where you can have a wonderful time, but there are pickpockets who will take everything and make life miserable. You have to protect yourself. You say NSAV has no cash. Probably true, but they have a ton of crypto. That is the (undetermined revenues) or words to that effect. It must be reported that way because the prices change daily. It may be $204 + $24.3 = $228.3 M, but it could be less. In an extreme scenarion let's say it is just 10% of that or $22.8 M. Still a lot of money for this company which until now was a POS. However, crypto exchanges charge listing fees and they can be very high. So, I'm giving them a pass on that. The exchange fees for traders are beyond very reasonable. Own some native token and you basically just pay your monthly membership fee of $25. They stated that the number of tokens is limited to 1 billion, but about 100 million have been issued. If we have in excess of 1 million accounts, and they want cheap trades, they can only own 10 each. LOL. If they each want 1000, that uses up the billion. They stated they are building an ecosystem. Ecosystems are localized to one area. The NSAVx token is meant to be used in it's ecosystem and in the ecosystem it can become very valuable with demand. Anyway, I don't care. I will buy my 100 and get cheap trades. Did you look at them? Most are .1% That makes a $1000 trade cost $1. Too high for you? Regarding safety. Regulators are now requiring safety of deposits. NSAV made an issue of having all their deposits be safe. No, I am not a crypto trader, but I did sleep in a Holiday Inn last night. LOL. Kidding aside, I do do research and keep my mind open. The beauty of NSAV is it had all the mistakes of other exchanges to learn from, and did. Yuen Wong said back in 2021, NSAV's accounts will have safety from the beginning and Coinbase could not go back and do everything over. Impossible he said. I am taking him at his word. I believe he is the brains behind the exchange as he was managing partner of Bitmart. Yes, NSAV is a gamble. All stocks are gambles. You put in what you can afford to lose. or protect yourself in some way. However, it appears for minimum risk, the rewards could be astronomical. My money came back and I am in the green safely. I believe it will go to at least 10 cents a share. At that time I will take some out and have a million left that i will let ride. If that went to zero, then I would be disgusted, but I would have taken out enough to last my lifetime, which may not be more than 10 years as I am 75. Understand.
Bullish
Bullish
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Free Willy

05/18/24 9:58 PM

#217681 RE: lakers17 #217608

Well said laker fan!