Biodom
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December 27, 2023, 06:36:41 PM Last edit: December 27, 2023, 07:13:43 PM by Biodom Merited by JayJuanGee (1) |
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But Glutamine and glutamate do seem to have some kind of a relationship, so I am not going to try to unravel any of that here.. seems to be beyond my depth, but interesting to see that there is some kind of a relationship, and you are not totally off of your rocker, Biodom.
It's simple...Glutamate (for example in monosodium glutamate) is simply an anionic form of glutamic acid (as glutamine has an acidic carboxyl residue, which can ionize), which is a non-essential amino acid (meaning that we don't have to consume it as food), mostly acting as a potent neurotransmitter and in protein biosynthesis. This is similar to citric acid/citrate, carboxylic acid/carbonate, etc. Sorry for a bout of chemistry....but not much is happening to bitcoin price right now.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Biodom
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December 27, 2023, 06:54:24 PM Last edit: December 27, 2023, 07:11:59 PM by Biodom |
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MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.
I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin. Their business model is to act as a levered bitcoin play, supported by equity sells and a small cash flow from their other business. Basically, it is a 2X bitcoin ETF, but with no slippage (which happen in "regular" futures based 2X ETFs, which are typically to run away from). They will probably de-lever a bit later on. Ideally, they should de-lever during peaks and lever up during troughs, but imho, Michael Saylor got 'caught up' a little in Dec 2022. Thankfully, he did not have covenants that might have caused him to sell at a very inopportune moment. I calculate that at some point in Dec 2022, MSTR probably had almost zero equity: about 2X leverage at 29-30K with the price at $15-16K means that equity was then zero or perilously close to it.
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OutOfMemory
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Man who stares at charts
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December 27, 2023, 06:59:41 PM |
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MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.
I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin. Their business model is to act as a levered bitcoin play, supported by equity sells and a small cash flow from their other business. Basically, it is a 2X bitcoin ETF, but with no slippage (which happen in "regular" futures based 2X ETFs, which are typically to run away from). They will probably de-lever a bit later on. Ideally, they should de-lever during peaks and lever up during troughs, but imho, Michael Saylor got 'caught up' a little in Dec 2022. Thankfully, he did not have covenants that might have caused him to sell at a very inopportune moment. I calculate that at some point in Dec 2022, MSTR probably had almost zero equity: about 2X leverage at 29-30K with the price at $15-16K means that equity was then zero or perilously close to it. Thanks for posting this while i was writing my own answer, but yours is much better Sailor made this clear in a lot of interviews already. He never really bought to sell. EDIT: That's why he never really cared about the price.
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ChartBuddy
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December 27, 2023, 07:03:29 PM |
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ExplanationChartbuddy thanks talkimg.com
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philipma1957
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December 27, 2023, 07:50:42 PM Merited by JayJuanGee (1) |
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WatChe
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December 27, 2023, 07:50:57 PM |
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Russians since the era of USSR were more focused on production of mega industrial products like space rocket, missiles, tanks etc. They rarely produce commercial products like cars that can capture world markets through trade. If you are trying to produce car for the very first time then you come up with such ugly and disproportion car.
Local cart selling different salt roasted products. My pick, Combo of salt roasted Brown Chickpeas and Peanuts in $0.20. Make a good lunch with almost Zero Carbs. It fills the tummy and you are good to go till dinner. Most Important, no Yawning in office after this lunch.
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ChartBuddy
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December 27, 2023, 08:01:16 PM |
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ExplanationChartbuddy thanks talkimg.com
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bitmover
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December 27, 2023, 08:11:44 PM |
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Hey, i want to share with WO this new project I have been working on with @JayJuanGee. Probably everyone here knows about JJG Sustainable Bitcoin Withdrawal Strategy. We have implement a website version of his Withdrawal Strategy, which serves as a guide to maintenance and liquidation of a Bitcoin portfolio, based on the 200 week moving average. Take a look, and please give me your feedback and ideas! https://bitcoindata.science/withdrawal-strategy
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OgNasty
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December 27, 2023, 08:22:53 PM |
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It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency. Maybe if we start traveling through space this will be a more important feature than it is now, or if people as a whole ever get their financial intelligence up. Right now most people still think Bitcoin is a scam.
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xhomerx10
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December 27, 2023, 08:55:00 PM |
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Hey, i want to share with WO this new project I have been working on with @JayJuanGee. Probably everyone here knows about JJG Sustainable Bitcoin Withdrawal Strategy. We have implement a website version of his Withdrawal Strategy, which serves as a guide to maintenance and liquidation of a Bitcoin portfolio, based on the 200 week moving average. Take a look, and please give me your feedback and ideas! https://bitcoindata.science/withdrawal-strategy That is brilliant! Congratulations to both of you. This will come in handy in the years to come
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ChartBuddy
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December 27, 2023, 09:01:20 PM |
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ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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December 27, 2023, 10:03:26 PM |
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ExplanationChartbuddy thanks talkimg.com
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LFC_Bitcoin
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December 27, 2023, 10:19:00 PM |
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$43,657
Nice, looks like we had a little retest of $41,000. Price has recovered and we’re back up to where we started a few days ago. Hopefully we’ve found new support and can hit a new yearly high before we close out 2023.
Bullish times ahead boys.
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Ambatman
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December 27, 2023, 10:45:56 PM |
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It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency.
Yeah but poor as a means of payment as of late. Hopefully this scalability issue will be worked on in coming years Can't even make any small transaction with transaction fee this high. Bought some units of satoshi during this minor pullback(around 41400) But have been unable to transfer to my wallet due to the trx fee. I don't trust my holding in Binance since i can easily convert my BTC to my local currency to squander Thus cheating on hodling. Sigh ordinals are getting too comfortable in our land.
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philipma1957
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December 27, 2023, 10:50:04 PM |
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It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency.
Yeah but poor as a means of payment as of late. Hopefully this scalability issue will be worked on in coming years Can't even make any small transaction with transaction fee this high. Bought some units of satoshi during this minor pullback(around 41400) But have been unable to transfer to my wallet due to the trx fee. I don't trust my holding in Binance since i can easily convert my BTC to my local currency to squander Thus cheating on hodling. Sigh ordinals are getting too comfortable in our land. Not sure if we will ever scale perfectly. Think of 2 hammers so why insist on using the sledge hammer for values under 100 bucks. if you want to the ways are : KYC at an exchange that will allow you to use LN Put cash in there. Buy BTC USE that exchanges LN wallet. I did a thread that does show it works. Obviously only do a little of you wealth as this is the workaround for small wealth movements.
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ChartBuddy
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December 27, 2023, 11:01:19 PM |
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ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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December 28, 2023, 12:01:22 AM |
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ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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December 28, 2023, 01:01:15 AM |
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ExplanationChartbuddy thanks talkimg.com
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Wimex
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December 28, 2023, 01:06:29 AM Merited by Stapleddiet (1) |
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It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency. Maybe if we start traveling through space this will be a more important feature than it is now, or if people as a whole ever get their financial intelligence up. Right now most people still think Bitcoin is a scam. Society is conditioned...it was manipulated to not see beyond what it was taught, that is why it is so difficult for them to see bitcoin as a potential life insurance, it is sad how we are mechanized not to progress financially only those who manage to wake up and Getting out of this loop achieves victory, which is why there are no multitudes who are on this path. On the other hand, there are those who have simply had bad luck and despite opening their eyes to new opportunities, they fall into the wrong hands, leading them to lose everything even their trust, thus returning to their state of comfort... I suppose only the persistent ones and who sometimes Despite adversity, they remain firm to have a new economic state, they are the ones who obtain the satisfaction of a new financial world.
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