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...)
sell sell sell?
not so sure about that.
how bout shave a bit off the top 🔝
I'm in it until the 4-year cycle says it's time to get out. It is interesting see how this cycle is different though. Knowing how much money Wall Street is bringing in I don't think the major collapse of MSTR is around the corner. I think it could go on for a whole year and send us to $300K+. I'm actually expecting that. Watching the mempool so low while we rally like this is unusual though. It indicates that on chain holders aren't really doing anything but watching while wall street and main street alike load up on the ETFs (and MSTR).
After 2 full days of trading, my IBIT call option is up 15.34%. Not bad.
Denting the bullrun for a few milliseconds is funny. I forgot this is the crowd that thought the mtgox distribution wasn't going to take us from $73K to $49K.
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