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  1. johnarb

    Bitcoin Price Thread

    Taproot, the biggest upgrade to Bitcoin in 4 years, got implemented yesterday on block 709632 Better privacy, cheaper fees, smart contract improvements It should provide a boost to the bitcoin price No problems with the upgrade October --> Uptober November --> Moonvember
  2. johnarb

    SEC rejects VanEck's spot bitcoin ETF

    I did not look at the ad and started reading the article, lol. Good catch
  3. johnarb

    SEC rejects VanEck's spot bitcoin ETF

    Check prices all the time.... 24/7 market bro :)
  4. johnarb

    Bitcoin and MSTR price correlation

    It is not impossible Fortune Favours the Brave - Matt Damon
  5. johnarb

    Bitcoin and MSTR price correlation

    On another thread, I mentioned that I think of MicroStrategy as a synthetic bitcoin miner Of course, MSTR is not a true bitcoin miner in the sense that they do not produce new bitcoins using computer hardware and massive amount of electricity They do acquire ownership of bitcoins using their...
  6. johnarb

    Bitcoin and MSTR price correlation

    As a non-active trader, it's easier for me to put an options position as a set-it-and-forget it trade I'm also long the spot btc's which unlike the MSTR options do not have expiration Bitcoin price movement has been a source of frustration this week. Personally, I expected btc to be above $70K...
  7. johnarb

    $2 Trillion Market Cap to Zero In 1 Sec

    Btc is the safest portion of your portfolio
  8. johnarb

    Stocks bucking the Market.

    Thank you, but I'm not out of the trade so it can still be a losing trade :banghead: Last couple of trading sessions, MSTR has traded down and each of the option is worth ~$145 My plan is to sell the options when MSTR is above $1500/share or sell the options in the first week of Jan, 2022...
  9. johnarb

    Bitcoin and MSTR price correlation

    I think during that time, MSTR got way ahead of itself Today is not a good day for MSTR and the markets, even bitcoin which hit all time high earlier today is below $67K I like holding call options as I have a defined risk capital investment
  10. johnarb

    Hodling vs Trading in crypto

    We're going in circles :) Please read my first 2 posts on the thread. I think the video is great and it's not that long In addition, you can read the book called "The Bitcoin Standard" by Dr. Saifedean Ammous
  11. johnarb

    Hodling vs Trading in crypto

    I didn't say crypto. I said bitcoin I own other crypto assets
  12. johnarb

    Hodling vs Trading in crypto

    You're thinking in fiat savings You're trying to accumulate in fiat value. Most people do
  13. johnarb

    Bitcoin and MSTR price correlation

    Inflation numbers came out high and bitcoin btc is above $68K might have reached a new high MSTR opening price is tame, considering above, only up a little Could be easy long for people wanting to get in I'm long 5 MSTR Jan 2022 750 calls [edit: current price of MSTR is $854.58]
  14. johnarb

    Buying crypto through PayPal

    It's been out for a while. It's a huge success for PayPal, they do hundreds of millions of $ worth daily You cannot lose the coins since you cannot withdraw the coins at this time I believe PayPal is working on allowing withdrawal of the coins in the future
  15. johnarb

    Hodling vs Trading in crypto

    1. Objective - to hold it as a savings account to store your wealth and purchasing power. It's the opposite of storing value in fiat that is designed to be debased at a rate of 2% (target inflation) per year which obviously is much higher, currently 2. How big? Imho, if your net worth is less...
  16. johnarb

    Hodling vs Trading in crypto

    Bitcoin? Forever hodl You only need to sell enough when you need cash for expenses Bitcoin is your savings account. Fiat is your checking account You can have an amount for trading, but always hold a core holding position that you can pass on to your heirs
  17. johnarb

    Bitcoin and MSTR price correlation

    Sorry to hear that. I'm holding MSTR call options which after a volatile trading session are hardly unchanged, just like the underlying stock I noticed bitcoin btc has been weak during stock market trading hours, the downtrend today started when the US markets opened Anyway, I agree with you...
  18. johnarb

    Shorting the Crypto market

    Bitcoin is below $67K and MSTR is down, party has been cancelled :D Will stop the MSTR thread spamming, but in the spirit of the thread title, could be a good opportunity for the bears to short MSTR as proxy for shorting the crypto market :)
  19. johnarb

    Bitcoin Price Thread

    Another new all time high for bitcoin btc :cool: We're waiting for $69,420 next
  20. johnarb

    Shorting the Crypto market

    Bitcoin hit a new all time high above $67K after stock market close If btc can stay higher than $67K during tomorrow's stock market trading session, we can expect MSTR to go above $900 per share MSTR closed at $860 today
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