A couple people have asked me where I stand on VVGX after these past few months and I thought this would be a good time for an update and share my Voyager story.
I discovered Voyager in late 2019 and knew I had something. What sold me? The team (more on this later).
It took a while for me to get over my 2018 PTSD but purchased my first VGX on 4/23/2020. I stayed cautious and only invested ~$300 for ~10,500 VGX. Crypto continued to show strength and, as I followed Voyager, my conviction in VGX grew so I continued to accumulate VGX.
Fast forward to 6/13/20 and I doubled my money!!! We were approaching resistance and I wanted to take some profits so I sold ~150,000 VGX over a couple week at ~ $0.06.
I quickly realized that was a mistake as VGX kept climbing and reached the $0.22 mark early August 2020. As VGX retraced I decided to play the long game and just accumulate.
Fast forward to January 2021 and I began getting impatient. We've been down trending/ ranging for over 3 months and I began feeling FOMO from seeing other projects ripping. I was still a VGX bull but wanted to trade and move profits to other projects so I placed ~50k VGX limit sells ~ 0.2..they executed on 1/5/21 and 1/6/21…AHHHH
Guess who bought more at double the price?
Fast forward to today and my life has changed…but I won't bore you with the details.
My point is that timing the market is hard…even more so in crypto. I've traded stocks for over 8 years and have been in crypto for 5. In crypto, the most important thing that I've learned is - when you find a strong project, like a REALLY strong project…just accumulate and don't stress about the short-term (2-3 months isn't that long when you zoom out).
So where do I stand on Voyager and VGX? Similar to Warren Buffett's stance on Apple. I'm fucking holding & accumulating every dip!!!!! (Also bullish on their stock VYGVF)
Why?
Let's review the fundamentals:
THE TEAM
CEO - Steve Ehrlich - Ex CEO of E*TRADE
Co-founder & advisor - Oscar Salazar - Founding CTO of UBER
Chairman - Philip Eytan - Founding investor in Livestream, Socure, early investor in UBER, and cofounder of Pager-Board member - Gaspard de Dreuzy - Co-founder of Trade.it and Pager
Voyager is PUBLICLY TRADED Do you know how rare that is in crypto? Prior to Coinbase, Voyager was THE ONLY publicly traded crypto broker/ exchange. Crypto is all about transparency, why wouldn't you want your exchange to be transparent about their growth/ revenue as well
Insane GROWTH Total funded accounts
Jan 2021 - 60k TFA
July 2021 - 665k+ (up 146% from last quarter) - Verified users exceed 1.75m
TOKEN UTILITY post swap (Starting 8/7 for 30 days) --The Voyager Loyalty Program (VLP) includes
Staking
Interest rate boosts
Cashback on trades
Reduced fees
Additional features TBA
Debit card perks (Announced for the fall!)
--Can't forget the start of their TOKEN BURN
ROADMAP
Voyager is working to be listed on the NASDAQ making them even more legit (Currently on CSE: VYGR OTCQB: VYGVF)
Expansion to Canada & Europe
Trading stock
Desktop
Dark mode
Payment network (kinda like venmo)
Now the TA:
Doesn’t something look eerily similar?
Imagine holding VGX for months after the spike the August 2020 top and selling 140 days in… Pretty sure you'd be buying back in just like I did.
We are in a massive ascending triangle and the swap is a little over 3 weeks away. If you think the R/R isn't there…then crypto isn't for you.
Keep in mind that in the grand scheme of things, we are all still early to crypto. The entire crypto market cap is ~1.3T today. Gold is 11.6T. Apple alone is 2.4T.
Crypto adoption will continue -> Voyager growth will continue -> VGX scarcity will increase.
Best R/R in crypto by far.
My conservative 2021 target of $15 still stands...$30 still possible.
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