Users Online Now:
1,307
(
Who's On?
)
Visitors Today:
247,239
Pageviews Today:
330,536
Threads Today:
97
Posts Today:
1,472
02:48 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
BTC is going to plummet until MSTR is dead
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
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:Anonymous Coward 77960924:MV81MTI4MzYxXzk0MTY5MjE4Xzc0MkU2NTg1] [quote:Anonymous Coward 74361194:MV81MTI4MzYxXzk0MTY4MDA3XzQ2QjJGQTVF] This is the 9th inning, TPTB have been suppressing the price of BTC for years but cannot control it for much longer. As no one can control Bitcoin, these people do what they can to suppress BTC price, it'll go down so low you'll hate Bitcoin. At which point it'll be like the time it went down to 1$ before making its way back up. Higher than ever before. Sure at that point the economy will be finished and the currency switch will happen not long after. At that point who knows what will happen. This is the final down for BTC. It's going to go extremely low and then rise beyond imagination. [/quote] :dicaprio-agree: [/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.
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>