Yesterday I saw a video on Tiktok from this Pablo guy (thinks he is Bitcoin Jesus). He is saying that Michael Saylor bought almost all of his Bitcoin in leverage, that he is only the CEO of Microstrategy and that if the others want, they can panic sell all Bitcoins without MS agreeing to it and that he lost trillions in the dot com bubble. I was always suspicious about Michael Saylor, but then again, I never trust rich people.
I have no clue about all this and wonder what you all think about this? Will MS be the new MtGox who will cause the next Bitcoin crash at some point?
Yes.. UnDerDoG81..you seem quite intent upon selling your BTC at the bottom.. and looking for reasons to do so.
Good luck with that. You are going to need it.
and of course it could go to zero tomorrow too. as long as you're cool with that Welcome!
After 12 years we are now a lot closer to moon than to zero.
i dunno man my moon is pretty up there. i like BIG numbers not mediocre (even for for ants) numbers. so $35k USD
is closer to zero than my moon.
Then you're gonna be waiting quite a while.
I guarantee it'll take a lot longer for the price to go from $35K to moon, than it did from zero to $35K.
That's why everyone that thought we'd be at $100K+ by now got burned bigly.
Of course, it is hard to see the upward slope while we are in the midst of the upwards slope of a hockey stick.. which seems to be our current location.. even if it does not feel like such.
I am not saying that I know when the next burst in price, but even if we get a 10x from here (or take whatever exponential variation that you like) we are likely to get some corrections contained therein too.
If vapourminer is considering $5 million to $50 million to $500 million per BTC.. of course, we are not going straight from here to there.. it will take a while and for sure $5 million is way easier than those later numbers because $5 million gets us to about 10x of gold's market cap.. which is likely fairly easy peasy given the whole macro scene, bitcoin's fundamentals and bitcoin's network effects so far.. even though it could take a while to get to 100x and 1000x of gold's market cap (which is the ballpark of what $50 million and $500 million represent) seems like it is going to be a wee bit more difficult.. even though 100x seems reasonably doable..
I am not sure if we could make it in less than 12 years to get to $50 million (100x of gold).. but $5 million should be reasonably reachable within less than 12 years.. and perhaps even in the next cycle.. so 4-8 years (wide range I know... but what do you expect when there is a certain amount of SOMA involved therein?).