MicroStrategy is about to sell their stocks to buy Bitcoin

[guest_trader_1]

Here's something to think about. If you had a huge company that was about to spend 500 M on Bitcoin would you be telling the news about it first? Or do you think you would already buy and then tell the news?

You are starting to think, I have faith on you.
So what's really happening, since they haven't bought any Bitcoin yet?

A regular hype generator article.

And who normally takes the bait? A Crypto boy!

 

[Overnight]

You are starting to think, I have faith on you.
So what's really happening, since they haven't bought any Bitcoin yet?

A regular hype generator article.

Be very very afraid of that 20K support line. I don't even trade the thing, but that level, with no FA behind it holding that line? That is scary for bears.

 

[schizo]

Here's something to think about. If you had a huge company that was about to spend 500 M on Bitcoin would you be telling the news about it first? Or do you think you would already buy and then tell the news?

Fortunately, it was already printed on the chart, long before anyone heard the squawk.

 

[Tokenz]

You are starting to think, I have faith on you.
So what's really happening, since they haven't bought any Bitcoin yet?

A regular hype generator article.

And who normally takes the bait? A Crypto boy!

Exactly

Fortunately, it was already printed on the chart, long before anyone heard the squawk.

View attachment 294798

Yes and you're probably right. That was probably micro strategy buying just before the article came out.

 

[Pekelo]

1.But do you at least appreciate that there is a more than 1% chance that bitcoin could hit 1 million by the end of the decade?
2. there probably aren't that many more stocks that will do a 10x from here

1. Nobody knows those numbers and chances so stop making them up.
2. Luna just went up 250% in less than 2 days. Why aren't you into Luna?
3. Who has the time to wait for 8 years? I want my money and I want it NOW!!!

 

[The_Krakenite]

Fun Fact:

If you bought $150K of gold during the 2000 Bubble, you'd be able to realize 1 Million $ right now.

 

[schizo]

Fun Fact:

If you bought $150K of gold during the 2000 Bubble, you'd be able to realize 1 Million $ right now.

If you bought 5,000 shares of AMZN in 2000 Bubble, you would be at least 10 Million $ right now

(IIRC AMZN was trading in the lower $30s at the end of the 2000 crash)

 

[The_Krakenite]

Fun Fact:

The advert at the back of Forbes June/July edition didn't tell me THAT part! Sneaky!

 

[NoahA]

1. Nobody knows those numbers and chances so stop making them up.
2. Luna just went up 250% in less than 2 days. Why aren't you into Luna?
3. Who has the time to wait for 8 years? I want my money and I want it NOW!!!

1. You don't need to know the exact percentages in order to get positioned.
2. It a crap coin, and whatever the price does going forward is strictly a game of manipulation.
3. Ya, I do too. But most of us will not do any better than waiting 8 years for a 10x and just sitting on our hands.

I heard of bitcoin back when it was $100, but I just assumed they would ban it.

The people who fell victim to the Mt.Gox hack were forced hodlers, and it looks like because of this, they are going to become very, very rich. That was about 8 years ago, so forced waiting turned out very well for them.

 

[blink18]

Fun Fact:

If you bought $150K of gold during the 2000 Bubble, you'd be able to realize 1 Million $ right now.

And if you bought gold in 1980, you were still at break-even in 2009. Date selection bias can do wonders.