Regarding leverage, there could have had been some ways that Saylor might have had been gambling in ways that were greater than he had said that he was doing, but Saylor was not even close to being that level of overleveraged. 

The dumbass overleveraged twats were trading with their bitcoin and trading with other people's bitcoin, so they were going quite a bit further than Saylor in term of the kinds of leverage plays that they were pursuing... and sure there were some of the BIG players who were able to get out of some of those gambling products prior to their crash. and so yeah, normies sometimes will get risky and daring in their own ways of leveraging based on their witnessing what others are doing and even misreading the abilities of their own cashflows to service their debts in the event that their investment does not go in the direction that they had anticipated.

As far as weekly candles, at the time of your post we were already at the beginning of a new weekly candle, so it is not as difficult to make a new weekly candle to be red as compared with our streak of 8 weekly candles, and including the last one that closed yesterday at $43,786, there would have had been needs to bring that one down to below $40k to have had been able to close it in the red, rather than it's closing in the green.

So then this week's candle becomes a different story and so it is opening quite high at $43,786, so it is not going to be easy to necessarily get it to close in the green, but how likely is it to have more than 8 green weekly candles in a row.. so it could hardly be bearish to have this 9th candle to come out red rather than green.. but I am not going to take it for granted or even pre-judge since we have more than 5.5 more days before this current weekly candle closes.. and whether or not it is able to get back above $43,786 seems like sleeping kind of information.. even though getting back above $43,786 would be kind of exciting to have 9 weekly greens in a row... .


There can also be ways to roll the 401k into a qualified account in which you would be able to buy BTC through such qualified account, but I heard that some of the rolling over into qualified accounts are getting more and more difficult to accomplish... especially the self-directed kinds of ones that would allow you to directly hold BTC rather than using a qualified custodian... but who know with ETFs, there might be some attractive options.. but still might not get quite to the same level of self-custody.. but they would still mostly get the BTC exposure without the penalties and still presumptively this would not be all of you BTC since you already hold BTC separately from those accounts, so you may well end up having way more BTC held privately as compared to the 401k or even a 401k that would be rolled over into some kinds of accounts that would be able to get BTC exposure without the withdrawal or the tax penalties, and remain tax deferred, too.


I cannot remember your exact story in terms of your bitcoin entry date, AlcoHoDL.. but I was thinking that maybe you were only a couple of years after me... .. but let's say that we both got into bitcoin and we had some similar kinds of faith in bitcoin, even prior to its having as long of a track record, and even prior to it even coming close to $300 Billion in market cap... .. but surely we had some conviction, and perhaps our conviction increased in a kind of Lindy effect kind of way, just as bitcoin's investment thesis likely got stronger and stronger and stronger in a kind of Lindy effect way, especially after some challenges that we might not have had completely understood either how they would resolve or what exactly was motivating the challenges or if there might have been some hidden challenges that we were not appreciating, and no one was catching.. even with the crowd-sourcing effect of reviewing the code but at the same time thinking that there has to be great incentives to review the code with billions and billions and billions of dollars of value being stored within the system, but then other businesses and systems being built on 2nd and 3rd layers that were dependent upon the success of bitcoin in order for their own businesses and time, energies and money being spent upon investing into bitcoin.


As longer term bitcoiners, we likely have some responsibilities, like elderly statesmen, but at the same time not necessarily being patronizing to the fact that there are people who take a while to convert from nocoiners to low coiners and perhaps transitioning into coiners who have a significant and meaningful investment of time, energies and value into dee cornz.

And, surely our responsibilities are voluntary since we can be gentlmanly about the whole matter or we can be dicks, and surely there are all kinds of folks in bitcoin in the sense that bitcoin is for enemies, so we might not even want to be helpful to some people who end up getting into bitcoin.


I believe... and yeah, it may well be a very lose religion at best, based on quite a bit of maths and sciences. but at the same time having connections with humans too.. even though very difficult to change certain aspects.... because humans that want to change it have to convince other humans who don't want to change it, in which consensus is likely more powerful than democracy in terms of the difficulties to change.. a kind of philosophy in that if it is not broken, then don't fix it... and either get involved with it (in terms of your time, energies and value) or choose not to...