Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6073. (Read 26713167 times)
February 17, 2021, 02:22:10 PM
Gotta take that goofball, peterbrandt, with a pretty BIG grain of salt.
He seems to be one of those wannabe sorcerers that just shoots random shit out of his ass, and even taking from others without giving proper credit... even though up to half of his stuff seems to be pure bullshit, even if he might happen to end up being correct from time to time.
February 17, 2021, 02:16:49 PM
Hats off for him
Don't do it guys! It's a trap!Speaking of hats, don't you think it's time for Richy_T to get one?
I had to eat a few Ambrosia® apples for inspiration and finally I was able to come up with what I hope is a suitable representation of Eris (the Greek goddess of chaos, strife and discord) and her 'apple of discord'.
Wear it irresponsibly.
(...)
avatar-sized
Happy Valentines's day.
#nohomo
Dude wtf that's awesome
respect, pure WO art. 
February 17, 2021, 02:14:37 PM
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
It may or may not but you are missing something here: the future value of Bitcoin. Tech stocks are often more valued for their future projections and not so much for the classic P/E rations plus debt etc.
Bitcoin has always risen in any 4 year period. The notes are redeemable in 6 years, and some other conditions may apply earlier, which looks to me whichever they think is more favorable.
However, Saylor has said, they're never selling any. They may take another loan against their holdings to pay back the earlier debt, then keep doing that forever. (or the next 100 years.)
However, Saylor has said, they're never selling any. They may take another loan against their holdings to pay back the earlier debt, then keep doing that forever. (or the next 100 years.)
First bit in bold - you need to buy, e.g. Apple, to benefit from the future value of Apple; you do not need to buy MSTR to benefit from the future of bitcoin, you can just buy BTC (and indeed not pay the premium which MSTR currently commands).
Second bit in bold - so how does an investor see the benefit of the increase of value? Or indeed MSTR? Only by relying on future decisions/actions on the part of Saylor/MSTR - seems like a delegation of responsibility that could easily fall foul to a change in how the market view their actions (the “sentiment” I mention above).
February 17, 2021, 02:09:55 PM
Cool hat stuff....
Hey man, can you make me a Fred Flintstone hat? After listening to that Bloomberg bit I'm yelling YABBA DABBA DOO!!! at every ATH......
February 17, 2021, 02:08:45 PM
So I was listening to Bloomberg while driving today and heard Roubini going on about how Bitcoin is not even as good as the money used on "The Flintstones"
I laughed so hard I almost drove off the road.
I laughed so hard I almost drove off the road.
February 17, 2021, 02:03:27 PM
Hats off for him
Don't do it guys! It's a trap!Speaking of hats, don't you think it's time for Richy_T to get one?
I had to eat a few Ambrosia® apples for inspiration and finally I was able to come up with what I hope is a suitable representation of Eris (the Greek goddess of chaos, strife and discord) and her 'apple of discord'.
Wear it irresponsibly.
avatar-sized
Happy Valentines's day.
#nohomo
Hey, this one is way cooler than mine. What a snub!
Well your avatars are about strife and discord and I'm just trying to help out anyway way I can. Seems like it's working - you now have a 4D avatar
February 17, 2021, 01:58:10 PM
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
It may or may not but you are missing something here: the future value of Bitcoin. Tech stocks are often more valued for their future projections and not so much for the classic P/E rations plus debt etc.
Bitcoin has always risen in any 4 year period. The notes are redeemable in 6 years, and some other conditions may apply earlier, which looks to me whichever they think is more favorable.
However, Saylor has said, they're never selling any. They may take another loan against their holdings to pay back the earlier debt, then keep doing that forever. (or the next 100 years.)
The company bitcoins are most likely in self-custody with the rest of the board members, he mentioned there are 5 of them. So a 3-of-5 multi-signature.
As for personally owned bitcoins, I believe Saylor said he had about 17k BTC of his own. Not the company, but his own.
However, Saylor has said, they're never selling any. They may take another loan against their holdings to pay back the earlier debt, then keep doing that forever. (or the next 100 years.)
The company bitcoins are most likely in self-custody with the rest of the board members, he mentioned there are 5 of them. So a 3-of-5 multi-signature.
As for personally owned bitcoins, I believe Saylor said he had about 17k BTC of his own. Not the company, but his own.
Yes, I was going to say this.
I've seen quite a few of his videos. I've seen one today from back 2012 in which he was saying that you had to hold your Apple stock and that you were crazy if you were thinking of selling it. In other videos he mentions Google or Twitter.
He thinks that Bitcoin is going to be that kind of unique asset but much bigger.
February 17, 2021, 01:56:10 PM
Stay warm and safe, friends.
Is this really you, Bob? 
Faced with the prospect of freezing to death, you become pretty fucking cheery when the heat comes back on.
February 17, 2021, 01:46:17 PM
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
They borrowed about $2 billion, and those are convertible notes. When they are due in about 6 years, what is the price of bitcoin then, and they can pay back the same notes, and keep the change.
They will keep doing this every quarter or so until some regulator tells them to stop, but I doubt they will.
Yes. For them it makes sense as long as bitcoin rises :-).
Bitcoin has always risen in any 4 year period. The notes are redeemable in 6 years, and some other conditions may apply earlier, which looks to me whichever they think is more favorable.
However, Saylor has said, they're never selling any. They may take another loan against their holdings to pay back the earlier debt, then keep doing that forever. (or the next 100 years.)
The company bitcoins are most likely in self-custody with the rest of the board members, he mentioned there are 5 of them. So a 3-of-5 multi-signature. Possibly. He declined to say publicly how they store their company coins.
As for personally owned bitcoins, I believe Saylor said he had about 17k BTC of his own. Not the company, but his own.
February 17, 2021, 01:42:36 PM
what if saylor is committed all the way. complete and utter maximum possible, with no mercy/care/whatever. let`s assume he decided to not give a fuck about
-the company
-the shareholders
-the banks
-the dollar
-the economy
-the US gov
-rules
-legal issues
-anything
he just accumulates more and more until it all blows up, which will coincide with the dollar and gov and legal system blowing up. only ashes left. and him, owning more btc than anyone else in the world. he could just run off, memorizing the seed to the biggest accumulated chunk of wealth in history.
It is astonishing to watch. But doesn't he have quite a ways to catch up with Chamath? -the company
-the shareholders
-the banks
-the dollar
-the economy
-the US gov
-rules
-legal issues
-anything
he just accumulates more and more until it all blows up, which will coincide with the dollar and gov and legal system blowing up. only ashes left. and him, owning more btc than anyone else in the world. he could just run off, memorizing the seed to the biggest accumulated chunk of wealth in history.
February 17, 2021, 01:38:14 PM
MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTR... MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins.
https://twitter.com/michael_saylor/status/1361651387457748995
https://twitter.com/michael_saylor/status/1361651387457748995
So
@MicroStrategy
upgraded their note offering to $900mil, with up to $150mil on top.
All going into #Bitcoin
https://twitter.com/alistairmilne/status/1362019550301151233
https://twitter.com/michael_saylor/status/1362017837372563459
MicroStrategy is a Bitcoin hedge fund in all but name, I approve.
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
what if saylor is committed all the way. complete and utter maximum possible, with no mercy/care/whatever. let`s assume he decided to not give a fuck about
-the company
-the shareholders
-the banks
-the dollar
-the economy
-the US gov
-rules
-legal issues
-anything
he just accumulates more and more until it all blows up, which will coincide with the dollar and gov and legal system blowing up. only ashes left. and him, owning more btc than anyone else in the world. he could just run off, memorizing the seed to the biggest accumulated chunk of wealth in history.
February 17, 2021, 01:37:09 PM
All lines seem to lead to $100k+
So it's legit
Looking at the charts @PeterLBrandtSo it's legit
100 is only half of the 3 porabolic cycle
https://www.tradingview.com/chart/BTCUSD/cFJ5rKRH-BTC-Bitcoin-has-the-feel-of-half-way-home/
February 17, 2021, 01:30:38 PM
Stay warm and safe, friends.
Is this really you, Bob? Corn went away for the holidays
(...)
(...)
Dude!
Would you believe that I've seen these guys live several times yeaaaaars ago? They came to play in Belgium and were so "unknown" at that time (well at least in Europe), they didn't get further than playing in a few youth centers, not even in concert halls or music clubs... And actually the last youth center I saw them playing at, was in a very small village. Hard to believe if you look at their popularity now... Legend has it they only made money by selling T-shirts, because their concert fees were only enough to cover their costs... The big success only came after half of the band was dead.
That brought back memories, man!!
Good music never dies, man!!
I wonder how many bitcoin hodlers will have an extra fun time while going to work today/tomorrow. this is nothing short of historic, and every hodler will walk with pride because every hodler was damn right all along.
so the hodlers will be very confident and on the the other hand very distracted with that strong urge to check the charts.
bosses will not like that. especially the non-hodling bosses (=majority)
imagining the following scenarios:
boss sees you checking the charts, and once and for all has enough of this shit, yells at you and wants to fire you. now, before you react, check your stash:
<100 btc: smile, say you are sorry and try to keep the job for another year or so. at most.
100-1000 btc: tell your boss that you wanted to quit anyway, shake hands, farewell & goodbye.
>1000 btc: tell your boss you will buy the fucking company and take his seat.
so the hodlers will be very confident and on the the other hand very distracted with that strong urge to check the charts.
bosses will not like that. especially the non-hodling bosses (=majority)
imagining the following scenarios:
boss sees you checking the charts, and once and for all has enough of this shit, yells at you and wants to fire you. now, before you react, check your stash:
<100 btc: smile, say you are sorry and try to keep the job for another year or so. at most.
100-1000 btc: tell your boss that you wanted to quit anyway, shake hands, farewell & goodbye.
>1000 btc: tell your boss you will buy the fucking company and take his seat.
Time to update the fuck your boss tiers!
February 17, 2021, 01:30:18 PM
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
They borrowed about $2 billion, and those are convertible notes. When they are due in about 6 years, what is the price of bitcoin then, and they can pay back the same notes, and keep the change.
They will keep doing this every quarter or so until some regulator tells them to stop, but I doubt they will.
Or until the market sentiment changes ...
February 17, 2021, 01:24:42 PM
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
They borrowed about $2 billion, and those are convertible notes. When they are due in about 6 years, what is the price of bitcoin then, and they can pay back the same notes, and keep the change.
They will keep doing this every quarter or so until some regulator tells them to stop, but I doubt they will.
Yes. For them it makes sense as long as bitcoin rises :-).
February 17, 2021, 01:22:22 PM
Hats off for him
Don't do it guys! It's a trap!Speaking of hats, don't you think it's time for Richy_T to get one?
I had to eat a few Ambrosia® apples for inspiration and finally I was able to come up with what I hope is a suitable representation of Eris (the Greek goddess of chaos, strife and discord) and her 'apple of discord'.
Wear it irresponsibly.
avatar-sized
Happy Valentines's day.
#nohomo
Hey, this one is way cooler than mine. What a snub!
February 17, 2021, 01:18:02 PM
It’s going to end in tears I fear ... the current MSTR stock price is almost double the value one could sensibly ascribe to their fundamental business PLUS the BTC they hold MINUS their debt ...
They borrowed about $2 billion, and those are convertible notes. When they are due in about 6 years, what is the price of bitcoin then, and they can pay back the same notes, and keep the change.
They will keep doing this every quarter or so until some regulator tells them to stop, but I doubt they will.
February 17, 2021, 01:15:08 PM
Where are climate change deniers now?
Claiming renewables are at fault and only fossil fuels can save us.
This shit never ends, why are these retards still calling the shots?
Claiming renewables are at fault and only fossil fuels can save us.
This shit never ends, why are these retards still calling the shots?
What are you on about?
If you don't understand then I don't have the time to explain it to you.
February 17, 2021, 01:14:37 PM
Lost power for almost 12 hours. Just came back up. Texas is taking it in the ass with no lube. Got down to 45F inside our house last night, and the cats were sleeping in our crotches to stay warm.
Saw Corn finally broke through $50k while our power was out. Still locked and loaded to take some profit on Gemini to start building on the land, but not in a hurry to pull the trigger until the weather improves.
So amazing seeing us finally officially clearing $50k. The future is looking very bright for all us hodlers.
Stay warm and safe, friends.
Saw Corn finally broke through $50k while our power was out. Still locked and loaded to take some profit on Gemini to start building on the land, but not in a hurry to pull the trigger until the weather improves.
So amazing seeing us finally officially clearing $50k. The future is looking very bright for all us hodlers.
Stay warm and safe, friends.
February 17, 2021, 01:07:27 PM
@BTC_Archive
If #Bitcoin crosses the dark blue line to about 65k - forget about 2017 and start comparing this bull market it 2013! 🚀
https://twitter.com/btc_archive/status/1362088361876467714?s=21
$100,000 per BTC is less than a 100% price rise from here. Few understand this.
If #Bitcoin crosses the dark blue line to about 65k - forget about 2017 and start comparing this bull market it 2013! 🚀
https://twitter.com/btc_archive/status/1362088361876467714?s=21
$100,000 per BTC is less than a 100% price rise from here. Few understand this.
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