Was $MSTR's $543 Last Night the Peak?
No one knows for sure—it could pull back for a bit and then rally to new highs. Anything is possible.
During the last cycle, $MicroStrategy(MSTR)$ peaked well before Bitcoin. MSTR hit its high on February 9, 2021, while BTC peaked later—first on April 14 and again on November 10. By the time BTC reached its two highs, MSTR had already dropped 45% and 38% respectively from its February peak.
The sharper MSTR rises, the harder it falls—last night must have been a tough lesson for many.
Why I Sold MSTR but Kept $Coinbase Global, Inc.(COIN)$:
BTC remains bullish: I’m still optimistic about BTC spot prices. Whether it hits 100k, 200k, or even 300k, I’m not too concerned.
Different logic for $COIN: Unlike MSTR, COIN benefits directly from market activity. As long as the crypto market stays lively, COIN has room to grow. My decision to hold COIN reflects my continued confidence in this crypto cycle. With Trump’s regulatory easing yet to be announced or implemented, there’s still potential for upside. I’m willing to give COIN more time.
If the COIN rally doesn’t happen: Then I’ll simply lock in my gains and call it a day.
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- Dumplinggogh·11-23About 550 or more in overnight and pre tradingLikeReport
- KSR·11-24👍LikeReport