Quote from: d_eddie on Today at 11:24:39 AM

Quote from: JayJuanGee on Today at 04:21:04 AM

Quote from: Biodom on Today at 01:09:46 AM

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-morgan
Maybe 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.

Quote from: d_eddie on Today at 11:24:39 AM

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.

Quote from: d_eddie on Today at 11:24:39 AM

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....

Quote from: Odohu on Today at 04:06:01 PM

Quote from: Gachapin on Today at 01:37:48 PM

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, 1BTC = 1BTC, and you only lose when you sell.

Now I see why people do this "1BTC = 1BTC" 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.

Quote from: Biodom on Today at 06:00:34 PM

Quote from: Pandorak on Today at 05:43:52 PM

Quote from: tertius993 on Today at 07:15:14 AM

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.

Quote from: vokain on Today at 04:34:20 PM

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.