pepeg Posted January 27, 2019 #1 Posted January 27, 2019 I think that Galaxy Digital is taking a huge risk here: the company is raising capital in order to infuse some cash into struggling cryptocurrency firms with the expectation that crypto prices will rise again. So it's all really depends whether or not prices will make a come back and when. Do you think Galaxy Digital is making this move at the right time? https://all-stocks.net/galaxy-digital-is-raising-250-million-for-loans-to-failing-crypto-companies/
Kate Posted January 27, 2019 #2 Posted January 27, 2019 Just elaborate what its about so we dont have to go to an external link. But its okay for now. Anyways a company raising loans for other companies is to help them and also its a type of advertisement now since they did this the crypto world also comes to know about this company and would offer to help them . Indeed crypto is dropping but it doesn't mean that it can't rise its unpredictable .
bmg Posted January 27, 2019 #3 Posted January 27, 2019 6 hours ago, Kate said: Just elaborate what its about so we dont have to go to an external link. But its okay for now. Anyways a company raising loans for other companies is to help them and also its a type of advertisement now since they did this the crypto world also comes to know about this company and would offer to help them . Indeed crypto is dropping but it doesn't mean that it can't rise its unpredictable . i totally agree with you bitcoin price is very un predictable.. who knows maybe this company is making a smart move.
williamshennie9 Posted February 3, 2019 #4 Posted February 3, 2019 Usually with any investment, the higher the risk, the greater the return. So if this loan works out, it could leave both companies more profitable than before.
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