I saw that part, but didn't fully understand their daily selling either lol
BITCOIN
- Thread starter Weather Man
- Start date
Weekends seem to be quite wonky for BTC
Sent from my iPhone using svtperformance.com
Sent from my iPhone using svtperformance.com
the Bitcoin saying goes: never trust weekend price action
Investors were locked in with GBTC and couldn't sell for years, and grayscale's fees were outrageous during this time (and still are)....so once the ETFs went live, they were allowed to unlock/sell....and about 50% of them did so since January (600k btc in january vs 290k btc today).
And now they just had their first green inflow day, idk if this means much or not, but it's nice to see all ETFs green
me and the boys during the weekend pump
is this a good sign?
BTC is off to the races!
Was waiting closer to the 1st to buy some BITO. Might have to wait this one out
Sent from my iPhone using svtperformance.com
Was waiting closer to the 1st to buy some BITO. Might have to wait this one out
Sent from my iPhone using svtperformance.com
SEC signals possible approval of anticipated Ethereum spot ETFs
The Securities and Exchange Commission is moving closer to approving a highly anticipated 'spot' Ethereum exchange-traded fund as soon as this week which would bolster crypto's credibility
another company is enacting the Microstrategy...strategy.
They are buying bitcoin with their treasury cash and holding it.
I'm very curious to see what happens to their stock price, if they borrow to buy more bitcoin etc.
Semler Scientific Inc - $SMLR
They are buying bitcoin with their treasury cash and holding it.
I'm very curious to see what happens to their stock price, if they borrow to buy more bitcoin etc.
Semler Scientific Inc - $SMLR
The CEO will likely follow the same strategy as Microstrategy's did and dump shares like there's no tomorrow. But hey, make that $$$!
microstrategy chart since they bought bitcoin is up about 1200%.
sort of hard to believe another company would be successful doing the same thing.
Understood. I'm just always suspicious when CEO's dump their shares in such large volumes.
traditionally, yes.
In this case, they are selling to then borrow/buy more bitcoin, which theoretically, brings more value to their company (as the price of bitcoin appreciates).
IF this works for SMLR, then you have 2 companies that unlocked/confirmed a new cheat code.
That's when things could get pretty interesting pretty quickly.
But why not just buy bitcoin directly instead of utilizing these stocks?
I "think" b/c what companies can do at the moment, what MSTR did, is leverage their stock and BTC holdings, to borrow more money at low rates, to then buy more BTC...which is almost a weird infinite loop that follows....they borrow/sell stock to buy more bitcoin...price of bitcoin goes up so their stock price goes up...which causes them to sell more stock/borrow more to buy more bitcoin which causes their stock to go up as bitcoin goes up.
The danger is...what if bitcoin stops going up and then goes down for years and years and years.
This sort of "almost" happened to MSTR during the last bear market, however, they had enough bitcoin on hand they could put up some bitcoin as collateral if needed.
Last edited:
This is very cool to see, but I’d prefer to see apple … or Nvidia.. or just another Top 10 company.
Definitely constructive though.
Why aren’t the big dawgs doing it when they’re sitting on trillions in cash/T bills.
Definitely constructive though.
Why aren’t the big dawgs doing it when they’re sitting on trillions in cash/T bills.
Okay, but the volatility and large short positions of stocks like MSTR make some traders like myself rather apprehensive. In April, bitcoin went down 11% but MSTR went down almost 29%. If I was going to go into crypto I would avoid the stocks that buy it and go a more direct route. Leverage can really burn you sometimes.
True, but next time that happens buy into MSTR and get that extra bounce back up. From May 1 to now MSTR is up more than 50%, while BTC is only up about 20%.
Users who are viewing this thread
