Great Article QTR. It took NO effort to produce BTC via mining, manufacturing, refining except the senseless waste of electricity to generate a BTC out of "and undefined something". Block Chain was attached to BTC thin air nothing via "wallets" for banking of BTC. Block Chain is real, extremely useful and will become the "accounting system" of the future. So a real Block Chain has been heisted to foist a no substance BTC on gamblers and money launderers/criminal activities. Popcorn gains value by incorporating heat and air (butter helps) and becomes a real item, BTC is nothing (Block Chain makes it marketable). Madoff succeeded for a while. Good Luck Saylor.
Hi Chris, Mark Jeftovic wrote earlier last week, "Other observers have since stated that the sale was necessary in order for the ratings agencies to officially count MTSR's BTC liquidity as part of it's asset structure: If BTC isn't liquid, none of it counts - so a symbolic sale was required to put the entire HODL onside for the likes of Moody's." Your note doesn't really address what may have been a technical sale for a technical credit rating issue.
If that is indeed the case then it is 100% market manipulation. If the BTC market can be manipulated that easily then it is either criminal or damning to the value structure. Thin ice doesn’t describe how fragile it is.
Saylor sold some BT just recently for the 1st time. I think his buying in defense of holding the line at 60K is the (desperation?) story here. He broke trend with his recent Sale.
I don't think mstr has anything to do with 60 'holding the line'. The market is a lot bigger than you think it is. mstr buying is distributed to intentionally not influence price.
I see a more nefarious but logical market manipulation reason for Saylor's sale of 32 bitcoins, a negligible fraction of his holdings. He knew such a sale would temporarily drop the price of bitcoin, setting him up for his much larger purchase today of bitcoin at a lower price. In my view this was a planned move, does nothing to harm his thesis on bitcoin despite what Schiff might say, plus removed the nonsense stand of never selling any bitcoin. He is now free from that thesis, except from those who will chide and point saying, "Hey Mike, you said you would never sell any bitcoin, and you did!" To which he can reply, if he chooses to reply at all, "So what?"
Saylor's move was the homeopathic method of selling bitcoin, only accomplished more than Oscillococcinum did for my flu 15 years ago.
If/when it breaks 60k - 40 and then 20 are next. As I have been saying the Monthly Chart is following the Nasdaq Monthly charts rise and fall mirror image of the Dot Com bust to a tee....so far. 60K better hold.
Great Article QTR. It took NO effort to produce BTC via mining, manufacturing, refining except the senseless waste of electricity to generate a BTC out of "and undefined something". Block Chain was attached to BTC thin air nothing via "wallets" for banking of BTC. Block Chain is real, extremely useful and will become the "accounting system" of the future. So a real Block Chain has been heisted to foist a no substance BTC on gamblers and money launderers/criminal activities. Popcorn gains value by incorporating heat and air (butter helps) and becomes a real item, BTC is nothing (Block Chain makes it marketable). Madoff succeeded for a while. Good Luck Saylor.
Madoff Monday!
But the laser eyes! We need the laser eyes to really cement the narrative.
Hi Chris, Mark Jeftovic wrote earlier last week, "Other observers have since stated that the sale was necessary in order for the ratings agencies to officially count MTSR's BTC liquidity as part of it's asset structure: If BTC isn't liquid, none of it counts - so a symbolic sale was required to put the entire HODL onside for the likes of Moody's." Your note doesn't really address what may have been a technical sale for a technical credit rating issue.
If that is indeed the case then it is 100% market manipulation. If the BTC market can be manipulated that easily then it is either criminal or damning to the value structure. Thin ice doesn’t describe how fragile it is.
Slow news week? Strategy has been buying bitcoin all year.
Saylor sold some BT just recently for the 1st time. I think his buying in defense of holding the line at 60K is the (desperation?) story here. He broke trend with his recent Sale.
I don't think mstr has anything to do with 60 'holding the line'. The market is a lot bigger than you think it is. mstr buying is distributed to intentionally not influence price.
What if his was a sneaky play? Sell a few, crater the market then buy back at the lower price he created? One wonders.
Do you think that's a sleep well strategy?
Peter Schiff posted Friday that today will be "Crypto Black Monday!". Let's see if he's full of Schiff.
I see a more nefarious but logical market manipulation reason for Saylor's sale of 32 bitcoins, a negligible fraction of his holdings. He knew such a sale would temporarily drop the price of bitcoin, setting him up for his much larger purchase today of bitcoin at a lower price. In my view this was a planned move, does nothing to harm his thesis on bitcoin despite what Schiff might say, plus removed the nonsense stand of never selling any bitcoin. He is now free from that thesis, except from those who will chide and point saying, "Hey Mike, you said you would never sell any bitcoin, and you did!" To which he can reply, if he chooses to reply at all, "So what?"
Saylor's move was the homeopathic method of selling bitcoin, only accomplished more than Oscillococcinum did for my flu 15 years ago.
So now we know why Bitcoin held 60K lol.
If/when it breaks 60k - 40 and then 20 are next. As I have been saying the Monthly Chart is following the Nasdaq Monthly charts rise and fall mirror image of the Dot Com bust to a tee....so far. 60K better hold.
Seem that one before 🤣 🤣 🤣 oh the arrogance....
https://share.google/rNPYz8yncpdL5EOjg
I got a Bambi parked out in the backyard. See ya later.