Quote from: Negotiation on Today at 07:09:56 AM

Quote from: philipma1957 on Today at 05:03:25 AM

well sunday ended and monday has begun.

buddy be drifting sideways.

Buddy is ready to draw BTC$100k chart, it's nice on Monday Wink

Hopefully Buddy has enough digits.

Quote from: Gachapin on Today at 03:26:13 PM

Quote from: Richy_T on Today at 07:20:28 AM

Quote from: Krubster on November 16, 2024, 08:26:31 PM

I was here 2013 when there was talk about a 1k party. That never happen.

Yeah, the long winter in the 400s put a damper on that.

that cycle was the longest bear/sideways of all. I remember how even many in the WO lost faith, and wondered if Bitcoin would ever make a comeback. Some thought it could take a decade or so. Stunning if you think about where we are today..

I also remember myself "making money off trading" in 2015, when we went almost flat for a year. End of 2015 price shot up und left me standing there with a bunch of useless cash. When price almost doubled and I was too stubborn to buy back in. Got fed up with "trading" ever since

So frequently, that is what happens with trading bitcoin, because the explosive move upward paralyzes a lot of folks and leaves them without many if any coins... .

With my own strategy, I was always selling such small amounts of BTC on the way up, yet when the BTC price goes shooting up and so many sell orders are executed, there can be feelings of having way too much cash, even if the amounts sold at each time was relatively small amounts.... part of the reason that I frequently suggest to not sell any BTC at all unless you know that you have enough or more than enough, since there should be no expectation to be able to buy back sold coins at a lower price.

It is a tough balance because also some people prematurely conclude that they have enough coins or more than enough coins.. and even I am not completely innocent of such errors in my thinking or ways of framing my own BTC holdings, my practices and why I am doing what I am doing (and the ways that I am doing what I trying to do).

Quote from: AlcoHoDL on Today at 03:34:52 PM

Quote from: Zeunerts on Today at 01:10:49 PM

Haha this guy is not fucking around.

https://www.microstrategy.com/press/microstrategy-acquires-51780-btc-and-achieves-btc-yield-of-20-qtd-and-41-ytd-now-holds-331200-btc

I wonder what he uses for seed storage/backup.

Just imagine him (or anyone of us, for that matter) losing the master wallet seed. Shocked

Historically he had been accused of ONLY holding all the keys at Coinbase, and then he hinted at having several custodians, so it seems that his custodial solutions are not very clear - though maybe I am missing any further disclosures that he had made in more recent times - since I would speculate that anyone investing in his various bitcoin accumulation (and HODL forever) strategies would want to have some assurance that he is not going to end up losing the coins.

Quote from: AlcoHoDL on Today at 03:52:36 PM

Quote from: Gachapin on Today at 03:45:15 PM

Quote from: AlcoHoDL on Today at 03:34:52 PM

[...as above...]

he once said they use an institutional custodian

Really? I would think this would be against his principles ("not your keys, not your coins" and all...), but with such amounts to deal with, I can (kind of) understand him. Also, it's MicroStrategy, not Saylor personally.

To date, Saylor has not been much of a vocal advocate of NYKNYC, and he has been greatly criticized for making statements to the contrary, including criticizing cryptobros who insist on holding their own keys.. including that he had to walk back some of the levels of the harshness of his statements that seemed to overly criticize those advocating self-custody.

It is possible that Saylor might come around on this self-custody point (especially since a lot, if not all of bitcoin's power comes from abilities to self-custody it), yet it is a bit of a problematic area with Saylor, his practices and what he seems to be advocating, at least up until recently.

I agree with you that it would be quite powerful if Saylor were to lose access to a big chunk of coins...probably contributing to some turbulence in the BTC markets too, depending on how it plays out, even though as we realize positive side effects of taking coins off of the market does increase the value of the coins actually held by others... Saylor knows about that, since he also talked about dying with his coins... though he would not be able to die with MSTR's coins unless there were flaws in their custodial arrangement in which ONLY he had the keys.

Reminds me of a bit of a joke and it would be funny if Saylor was giving some presentation and then mentioned that he had all of his coins on a ledger that was dangling on his neck (and you know how so many bitcoiners don't have very good impressions of the security of ledgers - but also the OPsec would be a strange sight too).. or if he said that he had all of the seed words memorized.. would he use 12 words or 24 words? He's got a big brain, so he could probably handle 24 words, and scatter them through at random points in his various presentations... 331,200 BTC hidden in plain sight. Shocked

Quote from: Gachapin on Today at 04:15:16 PM

Quote from: AlcoHoDL on Today at 03:52:36 PM

[edited out]

he once said they use an institutional custodian

Quote from: AlcoHoDL on Today at 03:52:36 PM

Really? I would think this would be against his principles ("not your keys, not your coins" and all...), but with such amounts to deal with, I can (kind of) understand him.

I remember him saying that they use a custodian in an interview once.

As a public company they are held to different standards I guess.

There are rumors who these custodians are
https://cointelegraph.com/news/arkham-intelligence-microstrategy-bitcoin-fidelity

Oh yeah, I now remember some of the rumors of MSTR coins being held with Fidelity too, and yeah there are way more obstacles to self-custody with public companies and other kinds of fiduciaries like pension plans, financial advisors, trust administrators, and some others.

Quote from: Gachapin on Today at 04:19:50 PM

Quote from: xhomerx10 on Today at 04:03:27 PM

[edited out]

oh yeah same circus is visiting Canada!

Another very important thing Schwab says here is that even Putin was in the "Young Global Leader" Program. Which really makes me wonder how much of all this US - Russian tensions are actually real and how much is a script for the public in order to accept all this money going to the weapon industry or so

It seems to me that Simon Dixon has a lot of good perceptions and takes in regards to the various seemingly contradictory financial and/or political relations (and how they relate to bitcoin), and fairly regularly, he goes over those kinds of matters in several of his Bitcoin Hardtalk podcast episodes.