Fundamental reasoning…
Technicals reasoning…
Smart asses’ trolling…
Do this constitutes cornering the BTC market?
It seems the way MSTR and miners do their businesses is to raise capital to buy more bitcoins. What kind of business model is this?
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What would you do differently if you think it’s going to $1M soon and beyond?
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Self-fulfilling prophecy. This is the same approach adopted by alt-coin creators and promoters. The business model is to convince people that alt-coin would go up. There is no value created for the society.
Having said above, since I can’t change people’s view, I join’em.
This is a strong statement. I suspect crypto’s value to society is not in the multi-trillion range the market is currently assigning it, but I won’t say it has absolutely zero value to society.
Often times people only realize something has value long after the thing’s invention date. Internet was started in the 60s as a defense project to have professors and grad students in a few schools exchange emails, Math is full of stuff like this.
I am aware all alt coin are supposedly some kind of projects but their impacts are not felt by society at large. As a consumer, is no value. May have some value to the community.
I bought GBTC not because I trust BTC or embrace it as a valid financial asset. Is because many people are convinced that BTC would go up, just riding along. Many people believe is true, their aggregate action would bring about the outcome, self-fulfilling prophecy.
Join’em Peter… I think it has passed the no-return point, it won’t end. Too much damage to too many people. There is one currency that own by many people and nations which should be worthless because $Ts are printed out of thin air, is still being bought!
Trading miners such as CLSK is tricky. BTC keeps making new highs yet some miners are struggling e.g. CLSK is struggling while MARA is rising.
Only miner I have is CLSK. Many others, namely, MARA, IREN, RIOT, WULF, …
Looking at weekly chart, CLSK is a cup & handle pattern. Bullish.
Looking at daily chart, CLSK appears to be in a successful inverse head & shoulder pattern. Bullish. However, 200-day SMA is holding CLSK back… want to go big in ST calls but dare not because of this behavior.
It seems Kris has recently sold all other stocks and plough into BTC, MSTR and MARA. Is this a good thing?
This is probably the biggest news for regular folks who couldn’t less about crypto. It can serve as a high yield savings account.
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Crypto related stocks has become extremely volatile even though BTC continues to 