fillippone
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 Offline
Activity: 2156
Merit: 15476
Fully fledged Merit Cycler - Golden Feather 22-23
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March 17, 2024, 07:00:01 PM |
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Funny thing about MSTR stock is that it has such a large bitcoin component.. so there are some difficult to control dynamics that reflect upon its price.
Microstrategy Price is out of control at the moment. Enterprise value (Equity+Debt-Cash) is 2.3 times the value of their bitcoin holding. This is a record level, it has never been so high, even during the pre-etc bullrun. I guess Micheal Taylor has to behave very carefully to keep up with expectations. First test is: when are they going to buy bitcoin with their cash proceeds with the second Convertible? According to my back of the envelope calculations: Tuesday. If you see a big green candle Tuesday early morning European time, you know who it was. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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tertius993
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March 17, 2024, 07:02:13 PM |
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I think we migbt see <$60k before we see $70k.
I don't think so, even now the market is still showing a positive trend on bitcoin. dumping back to $61,000 - 63,000 is still reasonable, but i'm not sure about going below $60,000. Where do you think we are now? complacency or anxiety? Honestly we could be anywhere from Belief to Complacency ... |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2024, 07:03:24 PM |
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  ExplanationChartbuddy thanks talkimg.com |
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sirazimuth
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Activity: 3360
Merit: 3499
born once atheist
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March 17, 2024, 07:05:40 PM
Last edit: March 17, 2024, 07:20:53 PM by sirazimuth |
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 OT My St Patty's Day, politically incorrect joke (coming from an Englishman expat who spent many holidays in beautiful Wales) Who are the Welsh people? They are actually the Irish that never learned to swim. ....padda boom ...pshhhh (my Irish American friends never got that joke. I told them to go look at a map) GO BITCOIN  |
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Richy_T
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 17, 2024, 07:51:57 PM |
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Improved? Sounds like a lot of unnecessary steps when simply sweeping the private key into a wallet (I usually use Mycelium) and then putting the leftovers into new addresses is so much simpler and faster.
Sweeping costs a fee. Mycelium can import private keys directly. Is that what you mean? |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2024, 08:01:17 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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d_eddie
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Activity: 2492
Merit: 2913
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March 17, 2024, 08:52:36 PM Merited by JayJuanGee (1) |
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Honestly we could be anywhere from Belief to Complacency ... You mean the top might be already in?  Puh-leeze, geddaddaaheeeeya...  |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2024, 09:03:28 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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AlcoHoDL
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Activity: 2366
Merit: 4172
Addicted to HoDLing!
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March 17, 2024, 09:19:59 PM |
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Another week gone...
Brought us a new ATH,
Then a dip for ants.
Bcash LOL junkie.
Data storage hero, too.
Thank you, jbreher!
Wi-Fi password cracked.
Neighbor's sleeping like a log.
Ignorance is bliss!
Google sucks. Bing too.
Use Startpage or DuckDuckGo.
Even better: Tor!
Touchscreen car controls?
Teslas backing into pools?
Ain't self-driving great?
Saylor buys again.
Jay thinks he has a screw loose.
Time is always tight!
Halving approaching.
Nocoiners' last chance to buy.
You know what to do!
#7wodigestsundayhaikus
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2024, 10:01:26 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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El duderino_
Legendary
Online
Activity: 2506
Merit: 12065
BTC + Crossfit, living life.
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Approaching midnight.
Observing Bitcoin on hold.
Into hodlsleep.
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2024, 11:01:25 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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JimboToronto
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Activity: 4004
Merit: 4482
You're never too old to think young.
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March 17, 2024, 11:34:18 PM |
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It's Haiku Sunday
And the price came right back up
After yesterday.
So now we're waiting
Patiently for tomorrow
And Monday's rally.
Even if we don't
Get another all time high,
Maybe we'll be close.
If we're not that close,
Maybe reach the seventies.
That's not much to ask.
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 18, 2024, 12:01:25 AM |
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 ExplanationChartbuddy thanks talkimg.com |
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WatChe
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March 18, 2024, 12:20:39 AM |
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Saylor strategy about Bitcoin is working fine. He has 193,000 Bitcoins bought at 6 billion usd and his current holdings has value of 13 Billion. So as long as his strategy is working, he doesn't have to worry at all.
Saylor's strategy? It's what many of us have been preaching for years: Buy, hodl, don't sell unless you must, get rich in the long run. Easy peasy. ...not exactly. MSTR is levered 2.2X, which means that IF bitcoin goes to roughly 31-32K, the intrinsic value of MSTR stock would approach zero. They would probably not go bust, but they would probably lose 70-90% of their market cap in this scenario. How likely is the "deleveraging"..maybe unlikely right now, albeit JPM started making noises about it. https://decrypt.co/221873/microstrategy-bitcoin-buys-severe-deleveraging-jp-morganMaybe they want "in" on this deal, lol. JP Morgan has concern about the way MSTR is buying Bitcoin but Saylor is very loud and clear about his bitcoin buying strategy: - It's the best investment asset. So the endgame is to acquire more Bitcoin
- Whoever gets the most Bitcoin wins. There is no other endgame
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AlcoHoDL
Legendary
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Activity: 2366
Merit: 4172
Addicted to HoDLing!
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March 18, 2024, 12:26:24 AM |
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Got so many calls, From old friends who ignored me, Asking how it's done. "Google it" I say. "Google what?" I hear some cry... "Click here" I reply! #pleasemakeitstophaiku |
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vapourminer
Legendary
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Activity: 4326
Merit: 3523
what is this "brake pedal" you speak of?
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March 18, 2024, 12:41:43 AM |
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Got so many calls, From old friends who ignored me, Asking how it's done. "Google it" I say. "Google what?" I hear some cry... "Click here" I reply! #pleasemakeitstophaikuhyperlinks are like hiding extra syllables in another dimension or something. is that even legal? lol cheat  |
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xhomerx10
Legendary
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Activity: 3836
Merit: 8008
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Biodom
Legendary
Offline
Activity: 3752
Merit: 3869
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March 18, 2024, 12:54:05 AM |
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Saylor strategy about Bitcoin is working fine. He has 193,000 Bitcoins bought at 6 billion usd and his current holdings has value of 13 Billion. So as long as his strategy is working, he doesn't have to worry at all.
Saylor's strategy? It's what many of us have been preaching for years: Buy, hodl, don't sell unless you must, get rich in the long run. Easy peasy. ...not exactly. MSTR is levered 2.2X, which means that IF bitcoin goes to roughly 31-32K, the intrinsic value of MSTR stock would approach zero. They would probably not go bust, but they would probably lose 70-90% of their market cap in this scenario. How likely is the "deleveraging"..maybe unlikely right now, albeit JPM started making noises about it. https://decrypt.co/221873/microstrategy-bitcoin-buys-severe-deleveraging-jp-morganMaybe they want "in" on this deal, lol. JP Morgan has concern about the way MSTR is buying Bitcoin but Saylor is very loud and clear about his bitcoin buying strategy: - It's the best investment asset. So the endgame is to acquire more Bitcoin
- Whoever gets the most Bitcoin wins. There is no other endgame
eh..not exactly... BUY bitcoin for cash, don't buy it on a 2.2X perpetual margin. Margin literally kills accounts. I agree with @JJG...there is something odd with the guy rn...like, why you want to buy 500mil a week after you bought 800 mil worth. |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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March 18, 2024, 12:55:54 AM |
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Got so many calls, From old friends who ignored me, Asking how it's done. "Google it" I say. "Google what?" I hear some cry... "Click here" I reply! #pleasemakeitstophaikuhyperlinks are like hiding extra syllables in another dimension or something. is that even legal? lol cheat All is legal in love, war and Bitcoin. |
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