Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: OgNasty on November 21, 2024, 02:55:23 PM

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

It does have the potential to dent the bullrun for a few milliseconds.

No... nevermind. Bitcoin is doomed. It will never go up an more than it has. The idea of a super cycle is entirely bogus and wrong.

(I am doing my best folks I really am...)

jojo69

legendary

Activity: 3318

Merit: 4606

diamond-handed zealot

Quote from: fillippone on November 21, 2024, 01:08:33 PM

Gary is out.

Big news.

Not in Town

newbie

Activity: 4

Merit: 0

Quote from: Phil_S on November 21, 2024, 02:20:23 PM

Yeah, just imagine one millionth of all silver.

Well bitcoin recently flipped silver's 1.7T market cap. So 1/1000000th of it is $1.7M. Is that fuck you money now?

Maybe that's the pre-fuck you. But the comfortable fuck you doesn't start until you're up $2.5 million (how did no one link this yet? Grin

).

We're almost there boys, cheers.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Biodom on November 21, 2024, 04:05:26 PM

Quote from: aesma on November 21, 2024, 03:56:42 PM

Quote from: OgNasty on November 21, 2024, 02:55:23 PM

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

Why are people doing this, ability to use their 401K or some tax reason like that ?

Of course...no immediate taxes in IRA and NO taxes whatsoever in Roth IRA.
I regret that i did not play (just had GBTC, then transitioned to IBIT/FBTC).
That said, it is entirely possible that as btc goes to 200K, MSTR would go to about $160-180 (from this morning $550).
At least, it should be based on their NAV.
Clearly, MSTR was overheated (to a high pressure steam level).

which is all in effect under current tax laws. next january trump gets sworn in . and has the ability to alter all those laws in a manner that effects shit bigly.

but for now til jan 21 no worries.

look at how brilliant trump is bye bye matt gaetz. and he will blame liberals for it happening.

once more trump is protecting woman 👩 even if they dont want his protection.

first victory is in the books for trump.

orange man clever.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: sirazimuth on November 21, 2024, 03:06:43 PM

Well it maybe quiet in here, but at Sunny Acres I was doing the Walker Watusi yelling “100K! The bitch is bitchin baby!!”
Then grumpy fat nurse Thelma with the blue hairdo interrupted my short lived celebration. “Now Mr Siraz, enough of that nonsense! It’s nap time and you will wake the other patients.
And it’s almost lunchtime but if you keep up with that silliness, no lime jello seconds for you”
I was like “Oh ok Thelma. Gee, you sure look pretty today!
Also, I don’t like lime jello, but can I have seconds on the morphine drip please?”

It's time for your medication, Mr Siraz

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: aesma on November 21, 2024, 03:56:42 PM

Quote from: OgNasty on November 21, 2024, 02:55:23 PM

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

Why are people doing this, ability to use their 401K or some tax reason like that ?

Of course...no immediate taxes in IRA and NO taxes whatsoever in Roth IRA.
I regret that i did not play (just had GBTC, then transitioned to IBIT/FBTC).
That said, it is entirely possible that as btc goes to 200K, MSTR would go to about $160-180 (from this morning $550).
At least, it should be based on their NAV.
Clearly, MSTR was overheated (to a high pressure steam level).

cryptofrka

legendary

Activity: 2226

Merit: 1571

Join the world-leading crypto sportsbook NOW!

Quote from: LFC_Bitcoin on November 21, 2024, 02:25:05 PM

Was driving and my Mrs was telling me we had hit $99,000, damn, I wanted to pull over so bad Cheesy

Back home and now on chart watch. This is crazy and yet I feel we are going at least x 2 from here this cycle.

Cheers guys.

I was with kids. Threw those fuckers in the playground and opened Tradingview, this chart is their future after all.

So many stops at 100k+ that we're bound to hit it soon.

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com

aesma

hero member

Activity: 2548

Merit: 950

fly or die

Quote from: OgNasty on November 21, 2024, 02:55:23 PM

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

Why are people doing this, ability to use their 401K or some tax reason like that ?

BrokenM14

newbie

Activity: 26

Merit: 4

Just got a notification from coinbase, $99k milestone just reached. Here we go, boys!

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: El duderino_ on November 21, 2024, 12:50:10 PM

Close to a 100K and so quiet on the WO

remarkable

Well it maybe quiet in here, but at Sunny Acres I was doing the Walker Watusi yelling “100K! The bitch is bitchin baby!!”
Then grumpy fat nurse Thelma with the blue hairdo interrupted my short lived celebration. “Now Mr Siraz, enough of that nonsense! It’s nap time and you will wake the other patients.
And it’s almost lunchtime but if you keep up with that silliness, no lime jello seconds for you”
I was like “Oh ok Thelma. Gee, you sure look pretty today!
Also, I don’t like lime jello, but can I have seconds on the morphine drip please?”

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Some Thursday fud:

https://www.yahoo.com/news/russia-launches-long-range-missile-075922559.html

Russia fired a super missile today. Fastest one ever to hit a target 🎯

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: OgNasty on November 21, 2024, 02:55:23 PM

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

So hedge and sell some coin.

To me I sold enough that I can handle a crater drop.

I already have buys at.

66k
48k
42k

My question for you is are you ready for uppity or cratering?

I am.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

criptoevangelista

sr. member

Activity: 448

Merit: 688