OT: 11 Bitcoin ETFs Approved by SEC.

[hahnenkampf]

This is for my crypto bull friends Ward and hahnenkampf and any other crypto bulls:

Bitcoin history during the month of February following post-halving:
2013: + 62.71%
2017: + 22.71%
2021: +36.80%

Average returns 41% over the 3 cycles.

I am sooooooo tempted to go long. But I will stay on the sideline looking to short. Don't shoot me, plz.

Don't make any decisions based on this post and info. For I know little and claim less.

Excellent comment Stock. We all know that what goes up in financial markets will eventually come down, so it makes sense to hedge the downside. With the current run- up in price I’m getting worried about a post-inauguration temporary correction and as such I’ve increased my shares of BITI. It’s the Bitcoin Short ETF. I don’t like using Puts via the Options market…..too expensive just to buy in. When it happens for you the cash register is going to sing a lovely tune. 😁

 

[gamecock stock]

Hey guys, as crypto holders, keep an eye on the stock MicroStrategy (MSTR). Shareholders just authorized for a 30x increase in the number of shares to finance buying more bitcoin. It was a tech company, and a good one. But now it's basically a bitcoin company. The share increase passed with 56% of the vote. Michael Saylor is or was the CEO. He owns 47% of the voting shares. He didn't exactly carry the shareholders with him on this one. They have bought bitcoin for 11 consecutive weeks now own over $47 BILLION worth of bitcoin. Saylor has increased his bitcoin purchases since Trump was elected. Ahead of Trump's inauguration, he attended the Crypto Ball in Washington where he met with the President's crypto czar as well as the incoming cabinet and members of Trump' s family. MSTR is diluting. Any prolonged downturn will kill the company. They cannot offload because that will crash the market, possibly both bitcoin and the equity market. And any large sells will get the attention of many eyes. So all they can do is raise cash via dilution. Selling could cause a panic.

I think they are seriously misguided and think BTC will never drop or they are idiots. Sometimes they are synonymous. They are making a high stakes bet on bitcoin.

Just because you have or had CEO in your title doesn't make you smart. The only question in my mind is if this company will go bankrupt before Citibank or Capital One.

I would just keep an eye on MSTR. I don't invest a lot in crypto, around 5%. So, if I'm wrong about bitcoin, my vehicle will just get scratched. It won't get dented, much less totaled. Some people invest 20-25% in crypto. Brave guys. Of course, if Ward is right about bitcoin going to maybe $2 million in 2 years, he will be set.

 

[hahnenkampf]

Hey guys, as crypto holders, keep an eye on the stock MicroStrategy (MSTR). Shareholders just authorized for a 30x increase in the number of shares to finance buying more bitcoin. It was a tech company, and a good one. But now it's basically a bitcoin company. The share increase passed with 56% of the vote. Michael Saylor is or was the CEO. He owns 47% of the voting shares. He didn't exactly carry the shareholders with him on this one. They have bought bitcoin for 11 consecutive weeks now own over $47 BILLION worth of bitcoin. Saylor has increased his bitcoin purchases since Trump was elected. Ahead of Trump's inauguration, he attended the Crypto Ball in Washington where he met with the President's crypto czar as well as the incoming cabinet and members of Trump' s family. MSTR is diluting. Any prolonged downturn will kill the company. They cannot offload because that will crash the market, possibly both bitcoin and the equity market. And any large sells will get the attention of many eyes. So all they can do is raise cash via dilution. Selling could cause a panic.

I think they are seriously misguided and think BTC will never drop or they are idiots. Sometimes they are synonymous. They are making a high stakes bet on bitcoin.

Just because you have or had CEO in your title doesn't make you smart. The only question in my mind is if this company will go bankrupt before Citibank or Capital One.

I would just keep an eye on MSTR. I don't invest a lot in crypto, around 5%. So, if I'm wrong about bitcoin, my vehicle will just get scratched. It won't get dented, much less totaled. Some people invest 20-25% in crypto. Brave guys. Of course, if Ward is right about bitcoin going to maybe $2 million in 2 years, he will be set.

Great analysis. I’ve been watching MSTR for about six months and I am concerned with all of the coin buying the company is doing. I see lots of analysts make note of their precarious financial position right now but most still recommend holding the stock and a few even recommend buying more shares. Their rationale is that Bitcoin will hit $200k this year. I’m not that confident at all about the company’s future so I’ve stayed away from it.