One post-election house party away from total disaster....
A grand exaggeration, but the same could be said about Michael Saylor and bitcoin, now that "everyone" is a bear
The Michael Saylor talking points have tended to be pretty weak... hopefully you do not put too much credence in them.. They are kind of like the USDT talking points in which USDT is always supposedly dying, while at the same time its market share has dominated and continues to grown.
Remember in early 2022-ish when BTC prices had dropped into the mid-to-lower $40k, Saylor mentioned that his liquidation point (for one of the sets of his BTC) was somewhere just above $23k, and yeah, that would have been like 10% of his BTC or something like that. He said that if the BTC price started getting close to his liquidation point, he could add more collateral or take some other actions... so yeah, people kept talking about the lower $20ks as if they were dangerous for Saylor.. So then when the BTC price went below $40k, Saylor added more collateral or whatever to cause the liquidation point to go into the mid-to-lower $3ks for that portion of his BTC holdings, and Saylor made similar points about being able to add collateral or take other actions if necessary if the bTC price were to start to get that low, and the part of his BTC holdings that were at jeopardy were not a large portion of his BTC holdings, yet Saylor (Bitcoin) naysayers continued to blabber on, exaggerate, repeat and talk nonsense regarding various Saylor supposed vulnerabilities..
Yeah, there may be ways that Saylor/MSTR's stash is more vulnerable these days as compared to earlier (in terms of greater comparative levels of leverage).. but I have my doubts in regards to such ... Sure his lack of self-custody seems to be a fair question, and if he were to turn rogue and to manipulate BTC prices with his stash by selling then that could be problematic for bitcoin prices - even though that scenario does not make a lot of sense either, but I have my doubts about the solidness of any of the ongoing, persistent and continuing to be exaggerated Saylor-bashing scenarios.
People seem happy about the Saylor news for some reason. The guy just bought nearly a billion dollars worth of BTC this week and the price dropped by $1,500. On top of that, mtgox has finished distributing USD and will be moving on to distributing billions of dollars in BTC in the coming weeks/months. This while the German government is selling billions of dollars worth of BTC. I’m as bullish as anyone due to the cycle, but if we don’t dip lower in the short term I would be a little surprised. I just hope $56K holds. That being said, I still think we’re double the current price a year from now.
I do see that bitcoin spot ETFs have largely been negative for the last two weeks, but those spot ETFs must overall continue to being net positive.. (and so I am having some trouble seeing how they get around being overall net positive on the BTC price).. but yeah there could continue to be some of the participants therein selling their BTC tokens too..
Currently bitcoin is in the $64,000 - $65,000 area, don't know if it will go anywhere near ATH in the near future or not. Besides that, this morning my wife and i argued because i wanted to accumulate more bitcoin than usual, she believes in bitcoin but doesn't dare to spend more money there.
every time is not too late to buy bitcoin, but i want to buy it at a more appropriate time, any insight into current price movements? or should i short my wife and go long for bitcoin?
In a relationship, it can be difficult to know in regards to the various balances.
For example, if you were already in agreement about buying $100 per week, but she was kind of leaning towards changing it down to $80 per week and you were considering raising it to $150 per week, then yeah, you are not on the same page.
It is not likely to make a BIG difference either way, but yeah frequently people can have differing opinions and even sometimes it can be quite frustrating to not agree about some approaches that might seem basic.. but yeah they affect both of you.
There is no completely correct answer, yet accumulation is ONLY one of the phases of bitcoin.. so you may well have a lot of arguments into the future if you are experiencing some divergences in your preferences in balancing of these matters.
