REPORT COPYRIGHT VIOLATION IN 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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Zalinsky |
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. Quoting: Zalinsky :ohlook: Quoting: Anonymous Coward 80631974 Did these moron not read the part where the CFO said they have plenty of non collateralized Bitcoin that they can add as collateral so as not to get margin called? Quoting: Anonymous Coward 77592032 MSTR is down 24% today [ link to www.google.com (secure)] They have 130,000 BTC @ a price of $30,700 [ link to www.marketwatch.com (secure)] So @ 23,500 they are down a cool $936M Quite a lot for a company with annual revenue of less than $500M.
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