Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4258. (Read 26714918 times)

full member
Activity: 1400
Merit: 133
They made me this way..
When a Green Traffic light says Matrix OK then you know ur getting close =).


Long live progress !
copper member
Activity: 1526
Merit: 2890
It might make sense just to get some in case it catches on” Satoshi Nakamoto in 2009

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
I have another buddy who only wants to invest in "value stocks". But enjoys vicariously living through me as a "Bitcoin investor".  I have tried to explain to him that trying to store value in stocks, is like keeping all your bills and records still on paper and in the mail.  But he never quite gets it.

For those kinds of people, you would think that they should be able to get the idea of a 1% to 10% hedge?  So the amount does not even need to be a lot.. even up to my now recommendation of 1% to 25%.

So perhaps some of them believe that us coiners need them to invest, even though we might suggest that if they are whimpy as fuck or even bearish as fuck or even scared as fuck about bitcoin, then they could at least get the fuck off of zero and thereby ONLY invest at a kind of minimum level, such as 1%.

Maybe there is a kind of gambling mentality, and people have difficulties thinking to ONLY invest 1% because what good is that going to do?  Well from experience and just looking at the charts, many of us longer time coiners can provide evidence to show that even a 1% investment can end up playing out as a pretty big investment and even outperforming a lot of other aspects of the total investment portfolio to end up becoming a very large percentage of the overall investment portfolio.  In other words, it can be quite difficult to find any kind of other investment that provides such ongoingly asymmetric potential, and likely the bitcoin investment thesis is stronger than it was 8 years ago (two cycles).

Maybe an example would help to show aspects of this?

Let's use a 8 year cycle, and let's attempt to figure out what a hypothetical person who had already established a fairly decent set of investments. Perhaps such person was not set for life, but such person figured out that he wanted to allocate 1% into bitcoin over the coming 6 months, so that his total investment in his various investments was $500k, and so his traditional investments were $495k and his bitcoin portion was $5k, and let's even say that the guy kind of screwed up and ended up investing towards the top of the market, so he ONLY got 5 BTC.  I understand that most more experienced investors are not going to be so damned locked into buying at the top and failing to invest more, so I am going to describe two kinds of BTC investors who started out with a $500k budget Hypothetical investor 1 only got 5 BTC and Hypothetical investor 2 ended up getting 25 BTC with $10k invested.  Both bought their first 5 BTC for $5k (average of $1k per BTC), and hypothetical investor 2 bought an additional 20 BTC in 2015 when the BTC price dropped to $250 and stayed around that price point for most of 2015, so hypothetical investor 2 ended up investing $10k into BTC and hypothetical investor 1 only invested $5k into BTC.

I believe that it is generous to presume that the traditional investment portion of the portfolio doubled and went to $1 million.

If we use $50k as our current price, hypothetical investor 1 had an additional $250k of price performance for his 5 BTC, and Hypothetical investor 2 gained an additional $1,250,000 for his BTC investment.  Do I need to explain more?  Even the most modest of the two modest scenarios of only around 1% or maybe 2% invested into BTC had ended up causing way greater overall investment portfolio returns.  Investor 1 ended up with a total portfolio that was 25% greater $1 million + $250k = $1.25 million.  Hypothetical investor 2 ended up with an investment portfolio that was double based on his 2% investment.  $1,250,000 + $1,250,000.  The BTC portion of the investment was only a small portion, but it way outperformed the total portfolio causing the total portfolio to become way more valuable.

Even if the exact same levels of returns are not likely to be achievable, but there evidence remains quite strong that bitcoin is going to continue to be a good asymmetric investment that can compliment any investment portfolio even with relatively small allocations of something like 1%, even though I currently suggesting that newbies could enter into bitcoin with a target accumulation range of anywhere between 1% and 25% and still likely be good, and of course, each person/institution remains responsible for his/her/its own determinations regarding what level of allocation into BTC would be most suitable to their particular psychology and finances.
legendary
Activity: 3990
Merit: 4597
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
legendary
Activity: 3620
Merit: 4813
For people wondering when we see first Webb images.

It takes ~6 months when Webb telescoop moved into position, deployment and calibrating his instruments.

https://www.youtube.com/watch?v=d8Skc-JqWLE

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Likewise if the year closes below $48K support, price might be in trouble.

Should probably have extended this to end of week, but without price bouncing back by tomorrow, sounds about right now.

To the extent that any of this matters, it's a nail biter.. coming down to the final wires... very scary.....















NOT






 Cheesy Cheesy Cheesy Cheesy Cheesy


Ultimately I think Covid itself is going to take care of it disappearing / possibly already has done that: mutating into a less deadly strain and that's that.
I can believe the vaccination helped many people from dying, certainly those with a compromised immune system.

I totally agree.

Were all the lockdowns / mask wearing / vaccinating healthy people necessary? I have my doubts.
I can take part in all that as that is what is required in many places by law but still have those doubts.

We will never find out what it would be like without the restrictions. But I know that if it helped to save even a single person from death or severe illness it can be justified.

I would not proclaim myself as any kind of virus denier, so maybe in the beginning there would have been some kind of justification for travel restrictions just to attempt to figure out some of the impact aspects of the virus, but the shifting narratives and the various ways to attempt to describe the vaccines as the solution, but then to later assert that the virus is getting worse even though a lot of people complied with the vaccines, then it seems to have become a way to pit vaccinated against unvaccinated and to turn the whole thing into a bunch of contradictions that largely seem to be aimed at merely getting citizen compliance rather than really having scientific justifications.

Accordingly seems to be a kind of preparation for the cyber virus pandemic, that will cause us to have to disconnect from the internet for various periods of time and even to suffer from internet outages.. blah blah blah.  This was mentioned https://overcast.fm/+Rp4rPjOsM">around minute 35 on today's BitcoinMagazine interview with Alex McShane.
legendary
Activity: 2492
Merit: 1230
Privacy Servers. Since 2009.
legendary
Activity: 3990
Merit: 4597
legendary
Activity: 3402
Merit: 9199
icarus-cards.eu
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3990
Merit: 4597
@jjg-well, you can have ALL wishful thinking if you want it..peak in october..no, peak in november...no..peak in december...no, it is now Feb or March or September of 2022.
Scientific method suggests that you don't move the goalposts, but analyze the available data.
The data suggests that S2F is off the rails. Nothing personal.

Regarding the "other" thing-if you (or anybody else), personally, want this board to be overran with endless virus or political musing, so be it, but you WONT LIKE it.
I, personally, don't care about seeing the opposing opinions as i have a rather thick skin, but it seems that some people here are easily triggered when they see something political that they don't like. Namecalling ensues.

But, shit, let's go ahead and ruin this place for everybody with endless politicos and virus.
Let's make it another twitter or facebook /s
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
...i suggest to post where EVERYBODY agreed to post about this topic.

EVERYBODY? Really?

When it comes to Biodom, what else is new?  a wee bit of hyperbole seems to just roll off his tongue.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 1029
Merit: 712
MicroStrategy.

124,391 BTC

~

$5.9 billion

Stock market-cap of the company:
$6.251 billion

The stock price seems undervalued considering before they started to buy BTC MicroStrategy's market-cap was already $1.5billion.

For anyone not wanting to own BTC directly for whatever reason (storing keys or whatever) buying MS shares seems a safe bet at the moment.



Not sure their underlying business is in very good shape - looking at their latest quarterly results: recurring revenue (very important for a software business) is down year on year; operating losses are up year on year, losses per share has more than doubled.  Most critically they are now highly exposed to bitcoin volatility, and that will almost certainly far outweigh the contribution of their core business.  I suspect the business focus is now prioritising bitcoin acquisition above anything else.

What you say is true, however most companies are in bad shape and moving in a more negative direction every year. The big difference is that these zombie companies just keep taking on more debt to pay operating costs and buyback shares, while their profits continue to flatline or fall. They'll keep doing this until the decide they can't keep the ruse going any longer (usually debt level climbing to around 25-30% of equity value) and sell out to a much larger company.

If I was going to do a M&A, I'd much rather buy a company with bitcoin asset on its balance sheet, than one with a whopping pile of debt. I'd also rather own the stock of a company that had bitcoin assets, than one that had a huge pile of debt.

That would depend entirely on what they were doing with that debt, the terms it was on and the fundamentals of the underlying business.  I personally would rather buy a strong company with good prospects for future growth and profits irrespective of any particular assets it might hold. 

Regarding debt: Microstrategy has $2.5Bn of debt against $0.5Bn in shareholder equity ... see here: https://www.macrotrends.net/stocks/charts/MSTR/microstrategy/debt-equity-ratio
legendary
Activity: 3794
Merit: 5474
MicroStrategy.

124,391 BTC

~

$5.9 billion

Stock market-cap of the company:
$6.251 billion

The stock price seems undervalued considering before they started to buy BTC MicroStrategy's market-cap was already $1.5billion.

For anyone not wanting to own BTC directly for whatever reason (storing keys or whatever) buying MS shares seems a safe bet at the moment.



Not sure their underlying business is in very good shape - looking at their latest quarterly results: recurring revenue (very important for a software business) is down year on year; operating losses are up year on year, losses per share has more than doubled.  Most critically they are now highly exposed to bitcoin volatility, and that will almost certainly far outweigh the contribution of their core business.  I suspect the business focus is now prioritising bitcoin acquisition above anything else.

What you say is true, however most companies are in bad shape and moving in a more negative direction every year. The big difference is that these zombie companies just keep taking on more debt to pay operating costs and buyback shares, while their profits continue to flatline or fall. They'll keep doing this until the decide they can't keep the ruse going any longer (usually debt level climbing to around 25-30% of equity value) and sell out to a much larger company.

If I was going to do a M&A, I'd much rather buy a company with bitcoin asset on its balance sheet, than one with a whopping pile of debt. I'd also rather own the stock of a company that had bitcoin assets, than one that had a huge pile of debt.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 1029
Merit: 712
MicroStrategy.

124,391 BTC

~

$5.9 billion

Stock market-cap of the company:
$6.251 billion

The stock price seems undervalued considering before they started to buy BTC MicroStrategy's market-cap was already $1.5billion.

For anyone not wanting to own BTC directly for whatever reason (storing keys or whatever) buying MS shares seems a safe bet at the moment.



Not sure their underlying business is in very good shape - looking at their latest quarterly results: recurring revenue (very important for a software business) is down year on year; operating losses are up year on year, losses per share has more than doubled.  Most critically they are now highly exposed to bitcoin volatility, and that will almost certainly far outweigh the contribution of their core business.  I suspect the business focus is now prioritising bitcoin acquisition above anything else.
Jump to: