Bitcoins - digital currency
I was uber bullish during the covid dip but don't think conditions are at all the same this time. Wildly different macro conditions, not much room for additional adoption, diminishing returns, and close association with Trump all could create bearish headwinds.Feel this market could be cooked for quite a while. And if bulls can't hold the 70s then Saylor becomes a huge risk as
I agree. I think if 77-78k breaks (march lows and where it's at right now as I write this) then it is likely to go quite a bit lower (60-50s?). Think the bull market would be over for a while. It's also not great that a lot of the macro conditions have a lot of uncertainty with all the tariffs and global politics. It might be a risk-off period coming which is typically not great for BTC.
I was uber bullish during the covid dip but don't think conditions are at all the same this time. Wildly different macro conditions, not much room for additional adoption, diminishing returns, and close association with Trump all could create bearish headwinds.Feel this market could be cooked for quite a while.
Saylor rode it down to 15.5k in 2022 all the while having encumbered Bitcoin loans tied to Silvergate. His liquidation point was $3200. Those loans have since been extinguished (at a discount to par).
U don’t believe too much leverage can exist ?
He’s not levered. The converts and preferred’s will be repaid with stock and further dilution.
If you think Saylor is going to paper hand an unrealized loss bought within the last 6 months you’ve lost the plot.
and what happened if his stocks goes too low ?
ps: probably since i really never followed him much or his company.
Saylor talked about having to sell bitcoin at a loss to meet obligations. Thats the definition of levered
I guess that depends on if you actually believe him or if you think he’s saying it for investors, in relation to the 8-K filing terminology, etc.
Hopefully we don’t have to find out. But I'm guessing at some point, either short or long term, probably both, he'll be put to the test.
Bitcoin bros think the takeover is inevitable. Therefore the amount of leverage doesn't matter. Of course, even if they are right, this brings up the old saying about being highly leveraged doing any investing - "The market can stay irrational longer than you can stay solvent".
Conversely, bitcoin fellas want it to go lower so they can continue to stay humble and stack sats.
You're a bitcoin pal.
There's a UK company about to list on the UK stock market that will be the first here to adopt a digital asset policy of acquiring bitcoin.
https://www.thisismoney.co.uk/money/cryp...
For anybody here who wants in early they are running a retail IPO with the shares priced at 2.5p each. It closes at 3pm today (17th). The only way to get it appears to be via aj bell. Thankfully aj bell are extremely good and its quick and easy to open an account and apply for the IPO. The shares will list a week or two later I think. Not financial advice, do your own research on anything you buy of course.
Also thats the first time I have ever seen a UK mainstream news article with a positive spin on bitcoin, from the Daily Mail even. It's always been negative/neutral before - or the one about the guy with the laptop in landfill. Interesting times we live in.
I agree. I think if 77-78k breaks (march lows and where it's at right now as I write this) then it is likely to go quite a bit lower (60-50s?). Think the bull market would be over for a while. It's also not great that a lot of the macro conditions have a lot of uncertainty with all the tariffs and global politics. It might be a risk-off period coming which is typically not grea
Mostly held that area, but this agedlikemilk.
BTC currently ~90k again.
Shorts...
^HAHA
The greatest transfer of wealth in the history of mankind is upon us, gentlemen. Godspeed, stay humble & stack sats.
There's a UK company about to list on the UK stock market that will be the first here to adopt a digital asset policy of acquiring bitcoin.
They released their 10 year plan and some details on their bitcoin treasury today.
https://investors.smarterwebcompany.co.u...
There is nothing else like this in the UK at the moment. Not just the Bitcoin part but its hard to think of any tech company listed in London off the top of my head. The IPO went smoothly although a lot of stock brokers are not offering or waiting to see before offering this stock. AJ Bell seems to be the best way to buy it. Not financial advice do your own research before buying anything.
Really interesting to see a UK tech company taking such a bold approach with Bitcoin.
The 10-year plan sounds ambitious—curious to see how it plays out and whether it sets a precedent for others.
I was uber bullish during the covid dip but don't think conditions are at all the same this time. Wildly different macro conditions, not much room for additional adoption, diminishing returns, and close association with Trump all could create bearish headwinds.Feel this market could be cooked for quite a while. And if bulls can't hold the 70s then Saylor becomes a huge risk as
That’s a sharp take—macro landscape is definitely not what it was during the covid dip.
If bulls lose momentum here, could be a long stretch of consolidation or worse.
Watching those 70s closely too.
If we break $100k I don't see anything stopping us from going to $1M by June. Gotta keep one eye on the macro and one eye on the micro. That's what my grandpa says. His guy in the computer talked to Trump personally.
If we break $100k I don't see anything stopping us from going to $1M by June. Gotta keep one eye on the macro and one eye on the micro. That's what my grandpa says. His guy in the computer talked to Trump personally.
If we don't break $100k, I do see something stopping us from going to $1M by June.
They released their 10 year plan and some details on their bitcoin treasury today.https://investors.smarterwebcompany.co.u...There is nothing else like this in the UK at the moment. Not just the Bitcoin part but its hard to think of any tech company listed in London off the top of my head. The IPO went smoothly although a lot of stock brokers are not offering or waiting t
That’s actually a pretty bold move for a UK-listed company.
Curious to see how the market reacts long-term—definitely one to watch.
