Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6072. (Read 26713177 times)

Better

Quick and dirty. Because I wanted it and someone was asking too.



Way too much work. I think I'll make one from scratch at 60k

Edit: Dammit. I just realized I'm still short another 0. Hang on

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Interesting. They are buying BTC, not other containers. I wonder where from, most likely Coinbase, as rumor has it that's who took care of both Tesla and MSTR.

Well.. okay. For us retail or normal people, we probably don't need to buy MSTR. But there are other people who don't know or can't buy BTC directly, particularly some institutions. So they get MSTR instead or they get any of the other stuff like GBTC, ABTC, EBIT, QBTC, there are a few more out there.

Saylor, having been CEO for at least 30 years of the company he founded, is unlikely to step down any time soon, plus most of the videos on their website are him talking, and maybe a couple of the other board members. I think he'll be around for the next 10 years at least, and then when he hands it off to his successor, everyone will still be happy.

I'm not buying MSTR myself, I would rather get the other ETFs now available for exposure to BTC, but valid or legal to hold in government registered retirement or savings accounts. Some are tax deferred and some are tax free. You just have to live with the premiums.

Of course, keep hodling the rest in your own wallets.

Gotta tell you, I remember people thinking it was going to fall once Biden came in. Hasn't worked out that way which could mean Bitcoin is more than a disaster hedge.

Damn interesting day.

Where is that dude with his Four Tops theory?

Fuck Christmas.

The 12-18 months after the block reward halving is my fun time.

Indeed its 52

I am thinking that if I agree with you, AlcoHoDL, which I seem to, and that means, I better get my shit together and start setting my BTC sell orders above $100k.

As I said earlier, I had most of my BTC sell orders up to about $35k that had been set since about late 2017, and sure I tweaked some of those BTC sell orders between late 2017 and about October of 2020, but those BTC sell were not really put into question until about early November 2020 when $13,880 was broken.. and we kind of went on a tear since then.. and even if there were some signs of an impending tear in September/October.

So, yeah sometime in November 2020, I had to make sure that I had BTC sell orders up to the $50ks, but then it did not take too long before those up to $50k sell orders did not seem to be sufficient - so in about late December we had broken pretty decisively through deadman's zone (which was the $17,250-ish to $23,500-ish) price range, and there seemed like no real desire of king daddy to either stagnate or to have any meaningful corrections until about early or mid-January, but already by late December, it seemed justifiable to me to make sure that I was covered with my buy orders up to $100k - and now, I am thinking that I should cover at least through $150k, but probably it would be more prudent to get my BTC sell orders set up to $200k.. because none of us can really appreciate how fast things might move, but setting the sell orders up to $200k would likely allow me a wee bit more breathing space in terms of at what point the next setting of BTC sell orders might get triggered because as you seem to suggest, AlcoHoDL, a quick doubling becomes decently easy to achieve in bitcoinlandia once certain thresholds are passed.. and I cannot really argue with that way of framing our current BTC price dynamics.


That's a bit of a stretch of a way to describe "productive," even though I cannot really disagree with that concept, either.

There is something that seems unique about bitcoin involvement that makes it seem as if mere speculation might need to be reframed into a kind of productivity, even though there are quite a few bitcoin naysayers and even folks who are against traders that like to suggest that "trading" is a kind of pariah activity.. sure, I am convoluting the concept of speculation and trading, but whatever, I don't claim to be any kind of genius with my various spur of the moment spewing of opinions.

Oh, and just want to say.. BTC has risen > an OZ of AU since breaking 50k.

https://www.fool.com/investing/2021/02/17/the-motley-fool-announces-5-million-investment-in/

That posted yet?

It's a small investment, but their mailing list/business, etc!!!  oh emm gee...

Take it easy Bitcoin. We dont wanna hard crash.

YABBA DABBA DOO!!!!!

Already touched 52K..  lets party!   

Really don’t follow your point about future value = probably go up ... that is self evident but if one buys BTC directly you also see that result?

And yes, your second point is exactly what I am saying ... MSTR need to decide to do this, and then borrow in the traditional markets to show that return ... I fail to see how it is advantageous for bitcoin to expose itself to traditional market activities and sentiments.  If for instance MSTR fall out of favour, they make some mis-step that results in a fall in their stock price, Saylor gets ousted by the board and the strategy changes - do you think that will be net beneficial for bitcoin - I think not, hence my original end in tears post. 

Nor do I see what the benefit is to the investors - unless for some reason they can invest in MSTR and not in BTC - better for them not to delegate their approach to bitcoin to MSTR to decide on their behalf.

43k € [Kraken]

Congrats Euro-WOers!

Edit: And soon $52k.

future value = probably go up.
not sell = they borrow against it on it's then current value.

As long as the asset continues to appreciate, they can keep doing that. They do that with real estate that keeps rising in value, like Manhattan apartments facing Central Park are worth millions or something like that.