OgNasty
Donator
Legendary
Offline
Activity: 4732
Merit: 4239
Leading Crypto Sports Betting & Casino Platform
|
It's fun to see the bears come out on the weekend and try to be cute only to go back in hiding come Monday. Pathetic.
I don’t think the bears came out as much as Saylor’s billion dollar buy sent it upwards previously. I fear he may have already made his $500,000,000 buy as well since he did his last one over the weekend. Monday could be a bloodbath as a result, but it’s probably important to get BTC out of the weak hands that purchased just for quick gains because it was rising. You mean that other BIG players are going to dump on Saylor just to attempt to "teach him a lesson?" No, I mean that Saylor’s billion dollar smash buy sent the price artificially higher and now it’s settling back to where it would have been otherwise. Also, Saylor is the one dumping MSTR. Is he doing that to “teach his investors a lesson” or is he just choosing to take profits on an investment he feels is overvalued?
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
|
|
March 17, 2024, 06:53:36 PM |
|
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. I doubt that it is as easy to break MSTR as JP Morgan would like to speculate, and maybe that is what Saylor is trying to get some of the BIG cats to do, which surely will bring the destruction and demise of the BIG cats a lot faster than they are already on a worse train than the bitcoin train seems to be the place to be, even if Saylor is seeming a wee bit psycho in recent times.. Exactly. Think of Robinhood and Gamestop vs. hedge funds. The epic short squeeze/gamma squeeze that happened has made some cold blooded "diamond hands" quite a bit richer. I made a few dimes myself by joining the wagon when it had just started. But this time, they cannot shut off the exchanges and/or remove the buy button - at least when it comes to bitcoin. These funds were shorting Gamestop because they thought the company was toast so they saw an opportunity. A few apes coordinated on Reddit to keep buying buying buying, 10 dollars at a time. That wouldn't have been enough on itself, but the original apes had done much better than that - they'd bought a lot (I mean a lot) of out-of-the-money call options. Options in general have intrinsic multiplier properties: $1 of options could easily move $100 of stock or more. What happened is the apes made quite a killing - both original apes and "I jumped on the wagon later on" apes.
Now I don't even know if MicroStrategy is listed on any significant option exchange, but I bet Saylor has some safety net ready. Imagine short squeezing/gamma squeezing JPMorgan and buying back the stock you sold to buy bitcoin at half the price.
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. Interesting times ahead, gentlemen. Get your popcorn ready. And if the popcorn shop has cheap MSTR out-of-the-money calls, maybe grab a couple bags of those too. Worst case, you'll lose a few hundred. Best case, you'll gain a few thousands.
Have you read till the end? Good. So where's your (pop)corn?
Here, we are preaching to to the choir a little bit, but there still can be some challenges in terms of who is doing what and what are going to be the next attack vectors that relate to bitcoin, and there could even end up being a few casualties among us.... Oh yes, Sunday now Weekend dump before the pump Healthy correction
BTC is really for the strong hearted... and those who look at it from macro-level. Just when we are all enthralled with the enthusiasm of $100k price, it is already heading north not because it is the right direction at this time but just to prove that no one can accurately predict its movement. The best we can do while it decides what it wants to do. Anyways, 1 BTC = 1 BTC, and you only lose when you sell. Now I see why people do this "1 BTC = 1 BTC" thingie... It is because it is so difficult to keep track of its price... but still. it just isn't saying anything... even though maybe someone is using the expression to say to hang onto your BTC and/or stack more of them if you can no matter how much they might cost in terms of fiat. Even though I don't really disagree with it, I still don't really like the expression. 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? Neither....we are at "optimism" or "belief", imho. See those wicks down in "belief"? That's where we are at. These are long scale charts, not weeklies, lol. We might even be further left of the chart because any subsequent correction after a hype period may well not even correct back down to our current BTC price levels. It's fun to see the bears come out on the weekend and try to be cute only to go back in hiding come Monday. Pathetic.
I don’t think the bears came out as much as Saylor’s billion dollar buy sent it upwards previously. I fear he may have already made his $500,000,000 buy as well since he did his last one over the weekend. Monday could be a bloodbath as a result, but it’s probably important to get BTC out of the weak hands that purchased just for quick gains because it was rising. You mean that other BIG players are going to dump on Saylor just to attempt to "teach him a lesson?" No, I mean that Saylor’s billion dollar smash buy sent the price artificially higher and now it’s settling back to where it would have been otherwise. Also, Saylor is the one dumping MSTR. Is he doing that to “teach his investors a lesson” or is he just choosing to take profits on an investment he feels is overvalued? He is using the money printer go bbbbbrrrrr that is within his powers to buy more sound money, which is bitcoin... which then contributes to causing his share prices to go up more, rinse and repeat.
|
|
|
|
fillippone
Legendary
Offline
Activity: 2156
Merit: 15448
Fully fledged Merit Cycler - Golden Feather 22-23
|
|
March 17, 2024, 07:00:01 PM |
|
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.
|
|
|
|
tertius993
|
|
March 17, 2024, 07:02:13 PM |
|
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 ...
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 17, 2024, 07:03:24 PM |
|
ExplanationChartbuddy thanks talkimg.com
|
|
|
|
sirazimuth
Legendary
Offline
Activity: 3346
Merit: 3485
born once atheist
|
|
March 17, 2024, 07:05:40 PM Last edit: March 17, 2024, 07:20:53 PM by sirazimuth |
|
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
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
March 17, 2024, 07:51:57 PM |
|
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?
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 17, 2024, 08:01:17 PM |
|
ExplanationChartbuddy thanks talkimg.com
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2492
Merit: 2899
|
|
March 17, 2024, 08:52:36 PM Merited by JayJuanGee (1) |
|
Honestly we could be anywhere from Belief to Complacency ... You mean the top might be already in? Puh-leeze, geddaddaaheeeeya...
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 17, 2024, 09:03:28 PM |
|
ExplanationChartbuddy thanks talkimg.com
|
|
|
|
AlcoHoDL
Legendary
Offline
Activity: 2366
Merit: 4148
Addicted to HoDLing!
|
|
March 17, 2024, 09:19:59 PM |
|
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
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 17, 2024, 10:01:26 PM |
|
ExplanationChartbuddy thanks talkimg.com
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2506
Merit: 12032
BTC + Crossfit, living life.
|
Approaching midnight. Observing Bitcoin on hold. Into hodlsleep.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 17, 2024, 11:01:25 PM |
|
ExplanationChartbuddy thanks talkimg.com
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4466
You're never too old to think young.
|
|
March 17, 2024, 11:34:18 PM |
|
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.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
March 18, 2024, 12:01:25 AM |
|
ExplanationChartbuddy thanks talkimg.com
|
|
|
|
WatChe
|
|
March 18, 2024, 12:20:39 AM |
|
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
|
|
|
|
AlcoHoDL
Legendary
Offline
Activity: 2366
Merit: 4148
Addicted to HoDLing!
|
|
March 18, 2024, 12:26:24 AM |
|
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
|
|
|
|
vapourminer
Legendary
Offline
Activity: 4326
Merit: 3519
what is this "brake pedal" you speak of?
|
|
March 18, 2024, 12:41:43 AM |
|
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
|
|
|
|
xhomerx10
Legendary
Offline
Activity: 3836
Merit: 7978
|
|
|
|
|
|