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07:14 PM
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BTC is going to plummet until MSTR is dead
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Lady Jane Smith:MV81MTI4MzYxXzk0MTY1ODg1XzlDMUM5ODFG] [quote:Anonymous Coward 82496760:MV81MTI4MzYxXzk0MTY1NzkwX0ZFMzExQUVD] [quote:Lady Jane Smith:MV81MTI4MzYxXzk0MTY1Njg0X0UxODU4NTgz] The dude running Microstrategy is an idiot. he did the same shit during the dotcom boom, lost a ton of investor $$$$$, but of course feathered his own offshore bed. Cannot believe anyone would give their money to that criminal. Yes, he is likely under massive margin calls. [/quote] i think the CEO said "we never sell, ever" [/quote] When leveraged, and a margin calls comes in, you sell, or the noteholder will sell for you. This asshole loves to prey on people who don't understand markets. [/quote]
Original Message
If you are long BTC, put on your diapers.
[
link to finance.yahoo.com (secure)
]
Read the article. MSTR is one of the largest holders of BTC, and they are a levered long.
The market now knows where the max pain point is...somewhere below $21K.
The market always aims for max pain. And there is no bigger max pain than a giant levered player that can get margin called.
BTC will drop until MSTR is wiped out. At that point, the forced selling will probably drop BTC into the $10-15K range and maybe more if there are lot of others levered longs, which there most certainly are.
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