When people cover shorts, they buy. Were you born yesterday or the day before yesterday?Cool Breeze wrote: ↑Tue May 10, 2022 1:46 pmThat makes no sense, as short covering is on the upside. You really don't know at all what you're talking about.Guest wrote: ↑Tue May 10, 2022 12:25 pmThe only buyers are specs covering their shorts, fool. If it wasn't for short covering, Bitcoin would already have crashed to below 20K.Cool Breeze wrote: ↑Tue May 10, 2022 10:44 am
Then why are they buying now? What a retard this guy is.
Re: Bitcoin, crypto currencies, block chain
Re: Bitcoin, crypto currencies, block chain
Re: Bitcoin, crypto currencies, block chain
Guest wrote: ↑Thu May 05, 2022 11:03 amSell! Sell! Sell!
Bitcoin is crashing and on its way to ZERO!
LOL! LOL!! LOL!!!
Guest nailed it. Great call!
Re: Bitcoin, crypto currencies, block chain
Guest wrote: ↑Sat Feb 12, 2022 6:28 pmBitcoin Pattern Analysis
Bearish Butterfly Pattern
Target is below 30K
This is a technical analysis based on high probability price pattern.
This Guest nailed it too. Another great call by a Guest! East or west, Guests are the best!
Re: Bitcoin, crypto currencies, block chain
Cool Breeze,
I hope you don't quit your day job, your going to need the extra income.
Guest
I hope you don't quit your day job, your going to need the extra income.
Guest
-
- Posts: 2960
- Joined: Sun Jul 26, 2020 10:19 pm
Re: Bitcoin, crypto currencies, block chain
Why? Volatile assets like this go up and down. The trolls will vanish from posting on the next leg up. Will they be saying buy then? LOL
Re: Bitcoin, crypto currencies, block chain
Cool Breeze wrote: ↑Wed May 11, 2022 11:44 amWhy? Volatile assets like this go up and down. The trolls will vanish from posting on the next leg up. Will they be saying buy then? LOL
These so-called trolls you keep referring to are making great calls on Bitcoin. You, on the other hand, continue to be wrong about Bitcoin and most everything else.
Keeping your day job was good advice. I hope you followed it.
Joining the Mormon church was also good advice. That way you'll probably have something to eat when Bitcoin goes to zero, especially if you were dumb enough to quit your day job.
Re: Bitcoin, crypto currencies, block chain
Cool Breeze wrote: ↑Wed Feb 16, 2022 11:42 amHow couldn't you miss something; you don't understand anything on this topic.Guest wrote: ↑Wed Feb 16, 2022 12:58 amIf Saylor believes what he preaches, it's hard to understand why he issued convertible bonds to buy Bitcoin. If the price of Bitcoin continues to decline, it's hard to understand why the company won't go bankrupt. Maybe I'm missing something.
I have a novel suggestion - listen to his interviews. He explains what is happening to the USD and why he would leverage it (useless fiat) to get something that actually has value (and is deflationary, among other things).
Use your brain. I won't waste time explaining this any more. If you bring someone up, at least know what they are doing. Why bother posting if you just say you don't understand anything or anyone else? As if you are smarter than Saylor, or me. You can't even listen to an argument, let alone understand it. That makes all of your posts worthless, over and over.
https://fortune.com/2022/05/04/michael- ... l-bitcoin/The margin call from hell
MicroStrategy’s CFO Phong Le explained in the company’s first-quarter earnings call on Tuesday that if Bitcoin’s price falls below $21,000, or around 50% from current levels, it will be forced to pony up more cryptocurrency to back its $205 million Bitcoin-collateralized loan with Silvergate Bank that was used to buy Bitcoin in the first place.
“We took out the loan at a 25% LTV; the margin call occurs at 50% LTV,” Le said. “So essentially, Bitcoin needs to cut in half, or around $21,000, before we’d have a margin call.”
The CFO noted that MicroStrategy still holds “quite a bit” of uncollateralized Bitcoin that it could use to answer any potential margin call, however.
“As you can see, we mentioned previously we have quite a bit of uncollateralized Bitcoin,” Le said. “So we have more that we could contribute in the case that we have a lot of downward volatility. But again, we're talking about $21,000 before we get to a point where there needs to be more margin or more collateral contributors. So I think we're in a pretty comfortable place where we are right now.”
Still, taking out a loan collateralized by Bitcoin to buy more Bitcoin is a risky game. If the world’s leading cryptocurrency falls and a margin call goes through, MicroStrategy would be put in a tough spot. MicroStrategy did not respond to Fortune’s request for comment.
Guests were right again. $21K is the start of the margin calls for Saylor. The beginning of the end.
East or West, Guests are Best.
Guest wrote: ↑Mon Feb 14, 2022 3:28 pmSaylor in an interview 2 weeks ago. He looks beyond worried. He looks homeless.Cool Breeze wrote: ↑Tue Jan 18, 2022 9:26 pmI bet Michael Saylor is worrying. Uhhh, no. Buying more. Like me.
Re: Bitcoin, crypto currencies, block chain
https://www.forbes.com/sites/johnhyatt/ ... ab697b115cAmid Crypto Plunge, Longtime Bitcoin Bull Michael Saylor Falls From Billionaire Ranks
John Hyatt
Forbes Staff
I write about wealth, billionaires and their companies.
May 11, 2022,05:26pm EDT
He's fading out fast, folks.
Re: Bitcoin, crypto currencies, block chain
Guest absolutely nail it. Since Guest issued this warning less than one week ago, Bitcoin is crashed over 30 percent!
East or West, Guests are Best!
East or West, Guests are Best!
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