If in 10 years time, bitcoin is $10m each, then the cash reserves of MSTR stored as bitcoin would probably form a majority of their market cap. At that price and if they don't get any more bitcoin, that puts the company hodling 1 trillion dollars worth of bitcoin.
There are several other companies that exceed this marketcap today. If those companies attempt to buy bitcoin, they can easily surpass MSTR.
Apple is 2 trillion. Microsoft is also 2 trillion. Google is 1.8 trillion. Amazon is 1.6 trillion. Facebook is 1 trillion. MSTR is about 6.8 billion, with almost two thousand other publicly traded companies larger than it by market cap. They were half that last year; I mean MSTR was 3 billion last year, this year they are 6.8 billion.
Facebook is going to launch it's own shitcoin, but it can, and probably will, also hold bitcoin in its balance sheet.
The question is, will MSTR maintain the lead and be number one with 100k bitcoins? Will other companies try to follow? There can be only 200 other companies that can possibly do this and stack 100k each.
This might be the most bullish thinking for me, if 2000 companies only buy 10k each, that would be the same result, more or less.
The total market cap of the top 5000 companies approaches 93 trillion dollars. They're not all going to buy bitcoin. But if half of that goes to bitcoin, we're looking at 2 million per whole coin. Markets don't work this way or linearly, so the actual effect could be much higher, which is why it's not too crazy today to think bitcoin can go up to 10 million to 50 million or even 100 million per coin.
We know the big banks (edit: I typed big bangs) are eventually going to buy some bitcoins, ... because they will be accepting them or offering custody services for them.
Probably a good description of them in the coming months/years... |
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Up and Up, its about time.
Weak hands shaken out?
No more naked shorting?
About time. For me, the compound with the rising USD is thick icing on the cake  |
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I want to see how to set up as a swap provider.
There is a fairly rocking arb opportunity here, I think.
After the hard fork there should be (arb opportunities) as long as there are BTC buyers. I'd try setting up with an exchange wallet to receive the BTC which I'd sell for cash... Never tainting my personal wallets, and relieving me of the coins immediately. |If the exchange blacklists them, I'd know right away. I sell dribs and drabs for expenses these days anyway, might as well try to multiply my rake with this arb-ortunity. |
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... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future I'm not sure what's the purpose of that post. Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's. This means that the economic growth will slow down. Not to mention how damaging can this be for the government. There are lots of downsides that come from deflation. I'd argue that stonk prices haven't much to do with actual 'economic growth'. Real Economic Growth comes from productivity, not financial maneuvering shell games. I agree with MA that deflationary currency would curtail this unsustainable consumerism that is constantly pushed at us. Just another bubble to pop. |
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Cool, do they have a list of what addresses are swapping? It would be nice to keep track of the percentage of black listed coins that are being dumped on us. I don't claim to know anything about how it works, but I had assumed the exchange rate would be far better for the XMR 'seller'; an incentive to take on the probably tainted BTC. Perhaps that will be a user dictated parameter as the testing moves forward? Amazing work. I hadn't believed that the project would move this fast. |
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JJG has got a lot more experience than me and has good reasoning to his predictions. I hope that he is wrong but I can see that it probably is more realism than my predictions. I can not pretend that I understand all the charts that you guys post but JJG puts those charts into words which helps people like me. I would be silly not to listen a little to people more experienced than me in studying charts.
I put the Wordy Man words into a graphic for you. HTH  NOTE: A picture conveys only 1000 words, so it may lack some detail  |
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I have a feeling it will still take at least 10 to 20 years, but if they can see it happening now, then can find ways to delay the inevitable, but they will try to delay it anyway.
I've been saying it's coming "sometime" for a while but now I feel it's imminent. What's going on in the US has all the elements of looting while the looting's good. The cracks have been showing for a while and BRICS haven't been idle. It's getting a bit far into this year but I think we could see something major within 12 months. Still plenty of time for shit to get right sideways in the next few months. my feeling is 2:1 USA gets excited before winter. |
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Screw waiting for bitcoin, we're going... Up?
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Heat wave round the world
The hottest day of summer
She is exhausted
#haiku
Nah! Nice here today. Sunny with a chance of moon and green skies ahead. Smoke on the water Smoke all around in the sky Grey is what I see |
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Götterdämmerung, the twilight of empire, the cynical incompetence and grotesque hubris of neoliberal hegemony on full display. Chinooks swarm as flies on a rotting carcass as the dream of a city on the hill slips into totalitarian oblivion.
So many words! |
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Video games are not a waste of time. If you play high intensity video games like the ones that give you headaches because too many objects are moving in the same time on the screen and you can't understand and control sh!t... and you are losing all the f^cking time. Then those are the video games you should play. I know losing isn't fun. But those are the video games that create new and regenerate neural pathways in your brain that keep you and your brain younger.  (there are some studies about that sh!t.... dyor ) How good are those studies? How does it keep the brain younger surely it would make the brain more efficient and not younger? Go f^ck a goat!  I will play some goat simulator later  I want to be clear I am not disagreeing with you I think video games are good for you but I was wondering how good the studies are because I would love to shut up some of the critics when I say I play games. they basically took a bunch of 60 and 70 year olds and put them to play 1 hour per day for a year... and their brains got 10-20+ years younger. I'll go out on a limb and guess that the participants had next to zero brain activity to start with, making for easy gains  Were they all in the same Alzheimer's home? Just playing Devil's Advocate, as with any 'study' given so little info on the participants. Mental stimulation and stresses are good for you. Reading a good book, learning a new skill or hobby, developing a lakefront property; activity is what is important. Pointless games will do it too, but it is still time well wasted. |
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Tied up in a legal dispute all week with a neighbor contesting my official signed and stamped survey. Had to retain a lawyer and officially get the Sheriff's Office notified and on-site for a day next week.
How much land is in dispute? I'm sure you'll win. Modern surveying is pretty accurate. People get funny ideas in their heads about where lines are though. Especially when they've been there for redneck generations, and a newcomer says it ain't so... Not necessarily the case, but Bob left us guessing, so... |
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hung hanged by the neck until dead
Paintings are hung. Men are hanged. Good of you to point that out, on a forum where for many posting here, English is not their first or even second language. Please no grammar police in WO. A good point, and one that I have made here numerous times. Not applicable in this case, however. <facepalm> I do know better  |
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Fuck amazon, fuck Google Anyone who supports this shit company deserves their books to be deleted Any books I get from Amazon are proper paper books. Books I can read relaxing by the fire, without batteries. Paper quality is shit these days, but what you gonna do? |
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Omnibus bills corrupt the democratic process and their usage should be curtailed. This isn't strictly an American problem either.
Yep. And for every law rule and regulation enacted, one should be first struck from the books to make room. Politicians that vote on ANY bill without first reading and understanding the content should be hung by the neck until dead. Probably an unpopular opinion, but shit is just way out of hand in this world of no consequences whatsoever. |
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4000 lumen LED lights for the hi beam
i tried to switch out my rear brake/turn signal lights on a 2010 jeep for brighter LEDs. the computer didnt like the different current draw so threw errors (blinkers went super fast, normally an indication a turn signal bulb died.. the LED didnt draw enough to convince the computer it was working apparently). wtf try to install better than original parts and the computer says "nope" also heard putting HID (think thats it) headlights on a lot of computerized vehicles causes problems too. wrong current draw. love my 2000 XJ, i can fix/upgrade most anything and all it does is keep running. Resistance is not futile. It is cheap and effective  It is indeed, but for some reason it's not always enough to fool a canbus system, they do something else too, don't know what. I hate new cars. I've regressed to 1990 again after creeping briefly into the 2000's, and watching for good restoration candidates even older. Too much garbage electronics and not enough robust margin of durability these days. Disposable cars that are unlikely to outlast the payments people take on for them. I've come close to buying a brand new truck several times in recent years, and always glad that I backed away and found another beater. |
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4000 lumen LED lights for the hi beam
i tried to switch out my rear brake/turn signal lights on a 2010 jeep for brighter LEDs. the computer didnt like the different current draw so threw errors (blinkers went super fast, normally an indication a turn signal bulb died.. the LED didnt draw enough to convince the computer it was working apparently). wtf try to install better than original parts and the computer says "nope" also heard putting HID (think thats it) headlights on a lot of computerized vehicles causes problems too. wrong current draw. love my 2000 XJ, i can fix/upgrade most anything and all it does is keep running. Resistance is not futile. It is cheap and effective |
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It doesn't happen till it happens its perceived to be happening but anyone who's not getting their ducks in a row is going to be like the people who was complaining there was no TP available because all the people Sheeple who saw were gaslighted into thinking there was going to be a run on TP went ahead and stocked up thereby creating a self fulfilling prophesy.
You know what the people who helped fulfill the self-fulfilling prophesy weren't doing? Crying about not having TP. And do you know what gaslighting means? Not that. There was actually ample time to stock up. I waited a couple of days after the news started talking about things and was worried I was going to be too late but while the stores were busy, they were not stampeded and there were plenty of goods on the shelf. I picked up one of those big packs from Costco which was more than enough to get my family through the rush. It was a few days later when the predictable calls to lockdown came and everyone entered panic mode while I sat on my couch metaphorically eating popcorn. Human beings are the only animal we know capable of complex forward planning. Am I supposed to feel bad about doing so? Perhaps only a very small percentage of human beings have such capability. Certainly, an even smaller number exercise it. Don't feel bad, just keep your head down. The normies don't like to be reminded of their ineptitudes. Having a few months or years worth of dirt cheap staples on hand used to just be common practice. Now it is 'complex forward planning'. |
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The long-awaited breakdown of the downtrend line, which has been dragging on since April:  Now the market has all the prerequisites to please patient holders with a good profit, who did not give up and did not sell at $30 000. With the rise in the rate, the volume of transactions also began to grow. There are transactions worth ~$7.5 billion per day.  Just curious: How many people use linear charts for BTC? I prefer log |
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