Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Floczy]

Imagine buying into a fixed income investment hoping to earn 11.5% per year and then a week later you’re down 5%… Digital credit my ass… Saylor is making our entire community look bad. I warned about his death spiral months ago. Does everyone see it yet, or are we still not close to the bottom?

Yes he might be making the community look bad,
But it's too early to talk about death spiral, in 2022 there where also similar comments like this, when the market went from 69k to 15k, MSTR was down about 70%, but regardless Saylor was still saying "hold 100 years" and they held,
So I personally feel this is quite too early, not that I totally support him, but it just look too early for this my friend

[CryptoYar]

Imagine buying into a fixed income investment hoping to earn 11.5% per year and then a week later you’re down 5%… Digital credit my ass… Saylor is making our entire community look bad. I warned about his death spiral months ago. Does everyone see it yet, or are we still not close to the bottom?

Calling it a death spiral over short-term price fluctuations is just ignoring how corporate debt engineering actually works here.

If a minor pullback in a fixed income setup or stock price signals a death spiral to you, then you're reacting to short term volatility rather than looking at the broader balance sheet structure.

Saylor isn't breaking the community. He is playing a long term capital allocation game that retail panic simply cannot grasp during sideways market phases.

[vapourminer]

death spiral

death spiral

death spiral

cool

glad i didnt miss it again

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

death spiral

death spiral

death spiral

cool

glad i didnt miss it again

Oh, you still have a chance to miss it.

[OgNasty]

Imagine buying into a fixed income investment hoping to earn 11.5% per year and then a week later you’re down 5%… Digital credit my ass… Saylor is making our entire community look bad. I warned about his death spiral months ago. Does everyone see it yet, or are we still not close to the bottom?

Calling it a death spiral over short-term price fluctuations is just ignoring how corporate debt engineering actually works here.

If a minor pullback in a fixed income setup or stock price signals a death spiral to you, then you're reacting to short term volatility rather than looking at the broader balance sheet structure.

Saylor isn't breaking the community. He is playing a long term capital allocation game that retail panic simply cannot grasp during sideways market phases.

A minor pullback in a fixed income setup? That’s what you took from this situation? LOL. I guess we still do have further to fall.

Strategy can’t sell more MSTR stock. They can’t sell more STRC. They have only 2 options. Sell Bitcoin, or raise the STRC dividend and hope buyers come flooding back and take it to $100 so they can issue more. Raising the dividend will lead to them having to sell a lot more Bitcoin in the future. So, they can sell their Bitcoin now or they can sell their Bitcoin later. Those are the options Michael “never selling my Bitcoin” Saylor has currently. 

[CryptoYar]

death spiral

death spiral

death spiral

cool

glad i didnt miss it again

Grab some popcorn.


Don't worry, you're right on time for the weekly "the sky is falling" retail show.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[CryptoYar]

Imagine buying into a fixed income investment hoping to earn 11.5% per year and then a week later you’re down 5%… Digital credit my ass… Saylor is making our entire community look bad. I warned about his death spiral months ago. Does everyone see it yet, or are we still not close to the bottom?

Calling it a death spiral over short-term price fluctuations is just ignoring how corporate debt engineering actually works here.

If a minor pullback in a fixed income setup or stock price signals a death spiral to you, then you're reacting to short term volatility rather than looking at the broader balance sheet structure.

Saylor isn't breaking the community. He is playing a long term capital allocation game that retail panic simply cannot grasp during sideways market phases.

A minor pullback in a fixed income setup? That’s what you took from this situation? LOL. I guess we still do have further to fall.

Strategy can’t sell more MSTR stock. They can’t sell more STRC. They have only 2 options. Sell Bitcoin, or raise the STRC dividend and hope buyers come flooding back and take it to $100 so they can issue more. Raising the dividend will lead to them having to sell a lot more Bitcoin in the future. So, they can sell their Bitcoin now or they can sell their Bitcoin later. Those are the options Michael “never selling my Bitcoin” Saylor has currently. 

You are presenting a complete false dichotomy here. Presenting this as if Saylor has gun to his head and is forced to choose between a dividend hike or selling Bitcoin completely misunderstands how corporate convertible debt and senior notes operate.

MicroStrategy is not highly leveraged retail trader facing a margin call. They have an active operational software business generating cash flow and zero structural pressure to liquidate their treasury assets during short term flat cycles. It is not a "sell now or sell later" scenario when your debt maturities are pushed out for years.

[Biodom]

Imagine buying into a fixed income investment hoping to earn 11.5% per year and then a week later you’re down 5%… Digital credit my ass… Saylor is making our entire community look bad. I warned about his death spiral months ago. Does everyone see it yet, or are we still not close to the bottom?

Calling it a death spiral over short-term price fluctuations is just ignoring how corporate debt engineering actually works here.

If a minor pullback in a fixed income setup or stock price signals a death spiral to you, then you're reacting to short term volatility rather than looking at the broader balance sheet structure.

Saylor isn't breaking the community. He is playing a long term capital allocation game that retail panic simply cannot grasp during sideways market phases.

A minor pullback in a fixed income setup? That’s what you took from this situation? LOL. I guess we still do have further to fall.

Strategy can’t sell more MSTR stock. They can’t sell more STRC. They have only 2 options. Sell Bitcoin, or raise the STRC dividend and hope buyers come flooding back and take it to $100 so they can issue more. Raising the dividend will lead to them having to sell a lot more Bitcoin in the future. So, they can sell their Bitcoin now or they can sell their Bitcoin later. Those are the options Michael “never selling my Bitcoin” Saylor has currently. 

You are presenting a complete false dichotomy here. Presenting this as if Saylor has gun to his head and is forced to choose between a dividend hike or selling Bitcoin completely misunderstands how corporate convertible debt and senior notes operate.

MicroStrategy is not highly leveraged retail trader facing a margin call. They have an active operational software business generating cash flow and zero structural pressure to liquidate their treasury assets during short term flat cycles. It is not a "sell now or sell later" scenario when your debt maturities are pushed out for years.

I don't like all that sniping on MSaylor too as if he has done something bad, but to me the whole "digital credit" strategy is a bit "reaching".
I understand buying and holding strategy, and even STRK, STRF and STRD preferred instruments.

However, STRC gives me a pause because if it is TOO successful, then it is not clear where the divvies would come from?
If it is from sales of his bitcoin, then this bound to have a negative effect on the rest of us as he would drip-drip those sells.

Who benefits: STRC holders at the expense of bitcoin holders at large.

[OgNasty]

Imagine buying into a fixed income investment hoping to earn 11.5% per year and then a week later you’re down 5%… Digital credit my ass… Saylor is making our entire community look bad. I warned about his death spiral months ago. Does everyone see it yet, or are we still not close to the bottom?

Calling it a death spiral over short-term price fluctuations is just ignoring how corporate debt engineering actually works here.

If a minor pullback in a fixed income setup or stock price signals a death spiral to you, then you're reacting to short term volatility rather than looking at the broader balance sheet structure.

Saylor isn't breaking the community. He is playing a long term capital allocation game that retail panic simply cannot grasp during sideways market phases.

A minor pullback in a fixed income setup? That’s what you took from this situation? LOL. I guess we still do have further to fall.

Strategy can’t sell more MSTR stock. They can’t sell more STRC. They have only 2 options. Sell Bitcoin, or raise the STRC dividend and hope buyers come flooding back and take it to $100 so they can issue more. Raising the dividend will lead to them having to sell a lot more Bitcoin in the future. So, they can sell their Bitcoin now or they can sell their Bitcoin later. Those are the options Michael “never selling my Bitcoin” Saylor has currently. 

You are presenting a complete false dichotomy here. Presenting this as if Saylor has gun to his head and is forced to choose between a dividend hike or selling Bitcoin completely misunderstands how corporate convertible debt and senior notes operate.

MicroStrategy is not highly leveraged retail trader facing a margin call. They have an active operational software business generating cash flow and zero structural pressure to liquidate their treasury assets during short term flat cycles. It is not a "sell now or sell later" scenario when your debt maturities are pushed out for years.

You are so wrong I am embarrassed for you. You think their software business generates cash? He’s also already been buying back that debt that doesn’t mature for years which is why he has very little cash left to pay dividends on his preferred offerings… He has to raise money for dividends and the only way he can do that is by selling Bitcoin because his preferred stocks are trading below their baseline and stock sales would be dilutive. He literally has no other options left. Sell Bitcoin now to raise funds for the dividend or raise the dividend and pray it goes back to $100 (which means way more future sales to pay an increased dividend for more shares) so he can sell more and buy BTC.

Do you guys really not understand this or are you just being argumentative?

[Richy_T]

That lower bid wall keeps retreating. I don't think they're fooling anyone.

[Hottiek]

 It hurts to see, especially since I came back at the topish expecting another leg up, to start shitposting back with my favorite degenerates... The rollercoaster I have watched play out over the last 12 or so years... do I want to wait another 12... Not so much.
 But I did convince myself to start time-based selling instead of price-based selling. I took some off the table at 117-120 (thanks again, LFC), enough to ride this ride as far as it goes!!! It is hard when you have waited so long to finally get there and watch it drop again, but maybe the plates did their job last time. That 17k bottom was as scary as the 3k bottom from COVID. This has been easy as pie comparatively, as I remember "the pie in the sky number" once was 32k.
 I wonder what kind of drop it would take from here to really make me worried??? Or maybe I am just R*tarted as I hold MSTR common stock at a loss.
We all ger the Cornz at the price we deserve.
K

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bitcoin_Budha]

Explanation
Chartbuddy thanks talkimg.com

ChatBuddy is now crossing limits by going down where things are going to be more bloody.
Are we heading for something problematic, or could this be stopped?

[cAPSLOCK]

Do you guys really not understand this or are you just being argumentative?

Just a few observations.

First, do you realize how much you are gaslighting us with this whole argumentative question? You seem to be looking for a fight.

Secondly, you keep speaking to the entire thread as if we're all arguing with you.

But finally, I think almost everyone here understands that Saylor is a risk. And that microstrategy has set up these convoluted financial instruments as some kind of sketchy way to collect up more Bitcoin than any of us are comfortable with an individual (person or corporation) having*.  And not only might he have something to do with any future crashes of the price, but he's also painted a giant target on his back as he waves his balls at all the banks.

So I feel like you're kind of shadow boxing, man. I don't know who you're fighting with. 

And I'm not trying to be a dick, but it kind of comes off as you're missing something huge in your life or this is connected to some old trauma.

I mean, the only reason I guess that is because that's how my own life has gone. I've had to make peace with certain areas of my soul... destroy others.

*as I often say, Bitcoin has to withstand this. Anything trying to do what Bitcoin is trying to do would have to withstand this. There is no other path.

[BTCaesar]

Bastard Blackrock sells

[OgNasty]

Do you guys really not understand this or are you just being argumentative?

Just a few observations.

First, do you realize how much for gaslighting us with this whole argumentative question? You seem to be looking for a fight.

Secondly, you keep speaking to the entire thread as if we're all arguing with you.

But finally, I think almost everyone here understands that Saylor is a risk. And that microstrategy has set up these convoluted financial instruments as some kind of sketchy way to collect up more Bitcoin than any of us are comfortable with an individual (person or corporation) having*.  And not only might he have something to do with any future crashes of the price, but he's also pointed a giant target on his back as he waves his balls at all the banks.

So I feel like you're kind of shadow boxing, man. I don't know who you're fighting with.  

And I'm not trying to be a dick, but it kind of comes off as you're missing something huge in your life or this is connected to some old trauma.

I mean, the only reason I guess that is because that's how my own life is gone. I've had to make peace with certain areas of my soul... destroy others.

*as I often say, Bitcoin has to withstand this. Anything trying to do what Bitcoin is trying to do would have to withstand this. There is no other path.

I was talking to the person I quoted (and to a lesser extent the person who merited his post) obviously.

I’m actually extremely busy and spending my time to help people understand what is happening in the market since so many on this thread are clueless and in denial. A thankless job.

I am sorry for how your life has gone. Mine has been pretty awesome. Wouldn’t trade places with anyone. Don’t project on me. I get paid to post here, was stuck waiting in line at the post office and felt like making a couple bucks while I waited. I’m not battling trauma. Lol. Why make it personal and try to insult me when I’m trying to educate folks and keep them from losing money?

[welovebit]

Bastard Blackrock sells

Bastards are doing their business with a better IQ level.