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Message Subject BTC is going to plummet until MSTR is dead
Poster Handle Anonymous Coward
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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.
 Quoting: Zalinsky


Things are only worth what they can be traded for whether it be cash, or some other commodity, or service. The dollar is fiat currency, which is worthless but holds the value that people think it has. Price changes with supply and demand, but in the end it's what people are willing and able to pay that determine final price.
 
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