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REPORT ABUSIVE REPLY
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Message Subject
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BTC is going to plummet until MSTR is dead
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Poster Handle
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Anonymous Coward |
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Post Content
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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. it’s quite cheap to buy an article on yahoo 21 k is the top of the last run. so it’s very likely it will be the bottom of the current but there are a lot of whales who sold at 69k and are sitting on massive amounts of cash ready to buy in at again at 30k so probably won’t dip much lower
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