Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1015. (Read 26711057 times)

...not exactly. 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.

Explanation
Chartbuddy thanks talkimg.com

Saylor's strategy?

It's what many of us have been preaching for years:

Buy, hodl, don't sell unless you must, get rich in the long run.

Easy peasy.

This correction is very much expected. I am happy that I saw another All Time high.
Halving is coming next month. So another ATH in coming months.


It's not easy to buy back bitcoins which you sold at adequate profit or it may take considerable time to buy back your coins. Like those who bought bitcoin when it went down to 20k and sold them in current bull run of 73k won't be easily buy those bitcoins back.
Saylor strategy about Bitcoin is working fine. He has 193,000 Bitcoins bought at 6 billion usd and his current holdings has value of 13 Billion. So as long as his strategy is working, he doesn't have to worry at all.
https://news.bitcoin.com/microstrategys-bitcoin-portfolio-value-soars-to-13-2-billion-marking-a-116-gain/

You threw out a lot of smart ideas, and then your last sentence 1BTC=1BTC makes no sense (even though a lot of people say some variation of that in order to attempt to mean something like only BTC matters, which is surely a known logical fallacy even though peeps still get pleasures out of saying that).

Of course, there could be a measure in terms of hookers, Lambos and blow, and/or Big Macs... which makes more sense than 1 BTC = 1 BTC.


Insert meme:  My BTC are only worth what they were worth 10 days ago.. cry, cry cry... 

Explanation
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Explanation
Chartbuddy thanks talkimg.com

 Adjusted for inflation of what though?  The number given for inflation is based on a basket of goods; some of which you might not use in that year... or possibly in any year.  The inflation adjusted price for 2017 bacon is higher (US$7.318) than that of 2020 (US$6.886) but I didn't see anyone adjusting the ATH in November 2020 to a lower dollar value than the previous ATH because of deflationary bacon.

 

It just depends what you're measuring against. USD has definitely suffered inflation but other currencies have also. You could also measure against gold, some basket of currencies or whatever you want. One measure sometimes used in the UK was the Mars Bar as its value was somewhat stable over time (that may have changed though).

However, if you want a stable measure, as always, 1BTC=1BTC.

So this time is no different after all.  

I have already heard this from some people. But should we now draw the lines in the chart adjusted for the inflation rate?
As nice as that sounds. But stock prices are not adjusted for inflation rate either.

Numbers do not lie. 73794 > 69000.

Explanation
Chartbuddy thanks talkimg.com

Saylor uses leverage on the MSTR account...and at some point it won't work anymore.
I don't think that he used leverage in his own personal account, though.
Look at the MSTR stock: it is represented by a hill (2000 "bubble"), then a 20 year long valley, now-another hill. Not your typical "buy and hold" company.
Saylor sells the stock at a premium to btc, despite the fact that his company is 95% btc.
I understand this, but it is unlikely to last and the bust would be tremendous if he does not deleverage at some point.

In personal finances, I always hold no leverage (apart from housing, of course).

Was thinking along those lines as well.

The inflation bumfuckery over the last few years is under estimated by most people.

These terms in regards to how hot or how cold any wallet might be are all relative, and surely some kinds of wallets are more detached from abilities to tamper with them, but some of the kinds of wallets are overly complicated, so even if they might be secure, we could be putting some of our coins at risk through over complication.

When Jimbo refers to "cold storage address" he is referring to kinds of paperwallets, and many of us likely don't even know how to do paper wallets, and perhaps that makes them more secure, even though there have been some suggestions that some paperwallets had issues in terms of the way their keys were generated - but maybe they are also less vulnerable if there is ONLY a certain amount of value in each paper wallet, so it might be doubtful if they all might end up being compromised at one time, if any of them might have had been vulnerable to the ways their keys had been generated.

Similar with hardware wallets. They can have some vulnerabilities in key generation but also in terms of the way they interact with servers and even questions of back doors - though it is thought that the more open source they are then the less likely for trickery in terms of the code being run... I am surely not going to claim to be an expert or even to know about all of the various tradeoffs in terms of how much value might be held in certain ways in order to trigger different practices, because some kinds of solutions might take some time to learn and also to figure out that they might not be as great as they appear to be, which I think is the case with the new device (named Bitkey) launched by Block.. which is likely going to be very popular, yet it does not seem to be a device that is really facilitating self-sovereignty so I cannot be sure if it is worse to lead the masses in a kind of deception about their own level of self-sovereignty through such a device that is likely to be popular.


Something seems to be wrong with Saylor.

Normies should not be attempting to emulate that behavior... for reasons I already mentioned in my earlier post.

It's kind of funny that countries are now 'reporting' that they bought ONE extra bitcoin.
Or, maybe, they just messed up the phrase in english.
In comparison, Saylor scoops thousands, aka Saylor=many many countries.
Sovereign individual, indeed.

Let me just say something.




Something.







Ok.  For reals..


Your params are so damned vague that they are bound to be true almost no matter what happens.


NO problema.  Buy them back.

It takes a while to get used to selling BTC, but when you are multitudes or even magnitudes in profits, and also if you have gotten to a status that you know that you have accumulated enough (and/or more than enough), then it becomes easier and easier to shave some off here and there at various points... and if you sell a small enough amount you realize that you still have plenty.

Saylor should be in the same camp as me... but he is not.

something is wrong with him.


You don't need to be like Saylor.. at some point, you have enough BTC.. and you can start to shave some off.

Don't get me wrong.  From what I have come to understand, it is not like Saylor is living any kind of deprived life materially, so yeah, he seems to have plenty of resources to just live.. so he seems to be making some other kind of a point by wanting to gather as many coins as he can.

But normies like us (royal perhaps?) should not necessarily need to live like that. 

At some point we have enough and we have more than enough.. and there should be no problem to set some free.. and to let someone else buy them..and get involved in dee cornz.


He is talking royal of course, since many of the rest of us (or at least yours truly) have already reached our ATH. and we (potentially royal) don't give no shits about technically trying to figure out the extent of inflation... but yeah of course, a positive side to that message is to take for granted that we are still heading UP in the short to medium term...

Explanation
Chartbuddy thanks talkimg.com

I thought they were all called wallet
Both Hot and cold.
Planning on getting one though
But considering the idle fund, not to mention not currently in my home base residence that I can feel better hiding it. 
Heard its easier to hold with cold wallet since its time consuming to move your coin to a hot wallet 

we can only hope. hodl hodl hodl. till you reach your marks.

we haven't even reached the 2021 ATH when corrected for inflation.  plenty of upside left