Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Well, using a bit of leverage would have worked during 2014-2015, in early 2017, in late 2018 and 2022, but in my experience, significant leverage always kills your account in the end...maybe that's why i was a bit worried about M. Saylor in late 2022, but, apparently, he did not have any covenants that would have caused him to buy back the loan at that time, despite the fact that MSTR book value was probably deeply negative back then.
If he would have been obligated to buy back the loans, MSTR would have to sell into a 'hole", then go bankrupt, and btc would dip even more. There are multiple stories about successes, like people using credit card debt and buying gobs of btc in 2015, but the stories of some who did the same in an inopportune time are not being told and, obviously, you could have put yourself in a pickle by doing this in late 2017 and 2021.
So, my general thought about the leverage is...just don't do it!
EDIT: someone wants to create the negative weekly handle in US or close the CME gap?
$41894 read...
If he would have been obligated to buy back the loans, MSTR would have to sell into a 'hole", then go bankrupt, and btc would dip even more. There are multiple stories about successes, like people using credit card debt and buying gobs of btc in 2015, but the stories of some who did the same in an inopportune time are not being told and, obviously, you could have put yourself in a pickle by doing this in late 2017 and 2021.
So, my general thought about the leverage is...just don't do it!
EDIT: someone wants to create the negative weekly handle in US or close the CME gap?
$41894 read...
If this was in reference to my post above yours, I am not referencing leverage. I talking about accounts like a 401k. If you withdraw before you are 60 years old there is the typical income tax (let's say 24%) plus an additional 10% fee since you are not 60 years old. So, if in 2017 someone emptied say $100,000usd from thier 401k they would end up with $66,000usd. They then used that to buy bitcoin with. No leverage involved. Only the bet that you make up the $34,000 you had to pay as well as any compounded interest you would of made if it remained in the 401k.