Guavaxf30
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This is exactly it. ".....it like a shark, and if he stops swimming, he dies," Michael Saylor will drown if Bitcoin suddenly finds no buyers and the price collapses. This is a very dangerous end-game. And with it's (Strategy) dividend obligation of USD800 million per year, with no meaningful cash flow from it's computing business, the musical chair game for Bitcoin must never stop.
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This market has become very complexed. Unlike the past where a story like Tulips, or South Sea trades, was enough, these days you need many different tomes to keep the interest hot. So, AMD's and NVIDIA's are still highly valued, new storied have to be invented to keep the masses going. So AI, Cryptocurrency, Quantum Computing, Robots. Many stories to spin now. Before the biggies decide to take their table off the table. Once again.
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MSTR warning. Pay heed and protect yourself. Also look up The Tulip Craze of the 1630's and the South Sea Fraud of the 1700's. It is very alarmingly similar to what we are seeing today. Not just with Cryptocurrencies but also all shouts of AI, Robots and Quantum Computing. Not that these ideas will never work but that they will likely deliver a worthy value for a long time. Just like the South Sea Co made the promise that the company had exclusive trading rights between England and South America. Even though, back then, Spain controlled South America and England was at war with Spain.
History repeating right before your very eyes. Tulip Craze of 1620's, The South Sea Bubble of the 1700's, The Dot Com bust of the late 1990's, The Sub-Prime crisis of 2008 and now the double combination of Cryto and AI mass-hysteria. This time, it may be the worst. Too many would-be billionaires have pouted everything they have into this bubble now.
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MSTR warning. Pay heed and protect yourself. Also look up The Tulip Craze of the 1630's and the South Sea Fraud of the 1700's. It is very alarmingly similar to what we are seeing today. Not just with Cryptocurrencies but also all shouts of AI, Robots and Quantum Computing. Not that these ideas will never work but that they will likely deliver a worthy value for a long time. Just like the South Sea Co made the promise that the company had exclusive trading rights between England and South America. Even though, back then, Spain controlled South America and England was at war with Spain.
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Bitcoin resumes it's slide after a short few days of recovery. The pattern seen this year suggest a new low will happen before the year ends. Be careful and watch closely if this is happening because it may mean cryptocurrencies are heading into a deep slump.
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$Strategy(MSTR)$ is confirmed not being included in the S&P100. The news just released announced the inclusion of Carvana and 2 others, but not MSTR. Article reproduced here:- A Carvana used-car "vending machine" in Indianapolis. Shares of Carvana zoomed more than 10% after news of its inclusion in the S&P 500 index. Carvana and two other companies will join the S&P 500 in about two weeks, S&P Dow Jones Indices said late Friday - dashing the hopes of those investors who expected bigger tech names or a crypto giant to get the honors this time around. Shares of Carvana Co. rallied 10% in after-hours trading Friday. Joining the online used-car retailer on the premier U.S. stock-market index SPX are building-materials maker CRH
The real fear is the mirage is starting to fade. Just like the Tulip craze in the 18th century, people may now be realising Crypto value exist only in the imagination of people who just want the next guy to be the last guy holding the bag when it crashes. The truth is, the promoters of cryptocurrencies are also the ones hoping and praying they will not be that last guy holding the bag.
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Why should anyone be surprised? These are all fake organisations with no intrinsic value. They don't produce anything of any value. They don't offer any service of any worth. The only thing that drives any perceived value are the greed of people who push up the prices only hoping to offload them at the optimum prices to any sucker that is stupid enough to believe the hype that Crypto's will always appreciate in value.
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MSTR bounce is not sustainable. It's a dead cat. The business model is false and the clock is ticking against it. First comes the dividend payment that has to be made. This will raise pressure on finding the cash to pay with. Next comes the matching of price of shares versus float and the value of it's sole asset, Bitcoin. Remember, it's breakeven cost of Bitcoin is around $174,000. That is a just a sneeze from last night's $181k plus. Once Bitcoin falls below $174k, all hel breaks loose.
Strategy likely will not be in the S&P500.
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This shows they don't have cash to pay.
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Sell shares to raise dollars to pay dividends? How is this allowed? You are supposed to pay dividends from profits from trading or business operations. How is this not a ponzi?
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A repeated posting but worth re-reading. A greater financial shenanigan is hard to find. Ponzi in a nutshell is what Peter Schiff calls it. Some argue against this term but how do you explain issuing shares to pay dividends to old shareholders?
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It was a fool's run to begin with. A financial sleight of hands to make money out of nothing. Many old hands have been warning about this strategy (no pun intended) for a very long time. Everything is now being revealed as Cryptocurrency face their longest winter.
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Not unexpected to see this sell-off. The bubble has been waiting to pop for some time now. But for Strategy, it has been losing air for some time now. One thing though. When you see the memers stampede out as you are seeing now, it will usually be very overdone. This may be the time to pick up the baby that has been thrown out with the bath water? Just make sure you buy at the price you are comfortable to hold at.
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So Phong Lee finally comes out and calls this a crypto winter. This is very different from what Michael Saylor has been telling interviewers. So who is really telling the truth?
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Crypto is facing pressures again. Bitcoin is right now risking going below $85k. This being the second time in 7 days, there is a very real possibility Bitcoin may fall below $80k support.
Crypto - Looks like the winter has resumed. Bitcoin and other cryptocurrencies are seeing a massive sell-down right now.
Bitcoin starting the week down 4% is not good. Especially when many of the promoters were calling an end to the bubble fear just last Friday. And all the talk about short squeeze, with the main short party being JP Morgan. How is that encouraging? JP Morgan is not someone you want to start a fight with.
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