• This site contains affiliate links. If you choose to make a purchase after clicking a link, Poker Chip Forum may receive a commission at no additional cost to you. Thank you for your support!

Stonks, crypto and things (12 Viewers)

SuckoutKing said:
A few years ago I placed a sizeable bet that MSTR - Microstrategy Inc. Would serve me as a good stock vehicle to indirectly profit from the BTC they have acquired. The last few weeks have been amazing. How far it runs I'm not sure anyone can tell.
Click to expand...
I looked up a comparison chart between MSTR and BTC prices, it's been pretty crazy! Very little data after the BTC ETFs launched, but so far I don't think they have dampened MSTR's returns much, if at all.

Screenshot 2024-03-03 111732.png
 
mipevi said:
I looked up a comparison chart between MSTR and BTC prices, it's been pretty crazy! Very little data after the BTC ETFs launched, but so far I don't think they have dampened MSTR's returns much, if at all.

View attachment 1285287
Click to expand...
Thanks for sharing that chart. Can't believe how close MSTR mimics BTC price movements.
 
As an old person out of the loop, can someone please help me understand bitcoin’s resurgence?
 
elemeno said:
As an old person out of the loop, can someone please help me understand bitcoin’s resurgence?
Click to expand...
It's hard to say for certain, but I believe it's a couple of combination of the following:

-SBF got convicted, restoring the notion that criminal actors in the crypto space will be held accountable
-several large financial companies launched bitcoin ETF funds, making bitcoin more accessable to investors. This caused billions in inflows, driving up price.
-there is a “halving” happening in about a month. When this occurs, the rewards for bitcoin minors are halfed. Historically this has correlated to increases in prices.
 
I put a big chunk in a couple years ago. 1/3 BTC, 1/3 ETH and 1/3 in about 30 alts.

I watched and shed tears while it went to 40% of my initial buy but didn’t click the sell button. I’ll not sell until I need the money. In the last few months the BTC and ETH gains have put me back in the black but all the alts are still red. I’m not putting any more in there but I’ll leave what’s there and see what happens.
 
SuckoutKing said:
MSTR touched $1339. Sits at $1300 right now. Incredible!!
Click to expand...
When BTC eventually does correct to the downside, MSTR is likely to swing harder that way too. Could take a little off the table at some point in order to buy more at lower prices (not financial advice). :bigbucks:
 
Darson said:
I watched and shed tears while it went to 40% of my initial buy but didn’t click the sell button. I’ll not sell until I need the money. In the last few months the BTC and ETH gains have put me back in the black but all the alts are still red. I’m not putting any more in there but I’ll leave what’s there and see what happens.
Click to expand...

Now if only the cannabis ETFs I stupidly bought during the pandemic would turn around like bitcoin has...
 
Haha damn. I cashed out some of my online bankroll at 57k and sold it at 60k thinking I was going to the casino over the weekend. Should have held. That would have been a 20% gain instead of like 5% or whatever it was. Oh well.
 
Holy crap SOL approaching 190. I remember buying at $250 (sad) but also at $8 (happy!) Average cost waaaaay below current prices.

Anybody else catch that WSJ article arguing that bitcoins problem is there isn't enough of them?

It's like they don't realize that's the effing point!! I expect much better arguments from the WSJ. Legitimate criticisms exist, but that is definitely not one of them.
 
Highli99 said:
Holy crap SOL approaching 190. I remember buying at $250 (sad) but also at $8 (happy!) Average cost waaaaay below current prices.

Anybody else catch that WSJ article arguing that bitcoins problem is there isn't enough of them?

It's like they don't realize that's the effing point!! I expect much better arguments from the WSJ. Legitimate criticisms exist, but that is definitely not one of them.
Click to expand...

One of my favorite criticisms of crypto, “people use it to buy illegal things online” as if not one ever did that with fiat money lol
 
Highli99 said:
Anybody else catch that WSJ article arguing that bitcoins problem is there isn't enough of them?

It's like they don't realize that's the effing point!! I expect much better arguments from the WSJ. Legitimate criticisms exist, but that is definitely not one of them.
Click to expand...
No but when BTC is fully mined, there will be 2,100,000,000,000,000 sats in the marketplace. If BTC reaches $1mm per coin, each sat will be $0.01 and BTC's market cap would be $21T.

I think the accepted figure for 'all the money in the world', is around 1.3 quadrillion when articulated in USD... so 2.1 quadrillion sats is more than enough.

Anyone watching any alts? Any opinion on Raydium?
 
Moxie Mike said:
No but when BTC is fully mined, there will be 2,100,000,000,000,000 sats in the marketplace. If BTC reaches $1mm per coin, each sat will be $0.01 and BTC's market cap would be $21T.

I think the accepted figure for 'all the money in the world', is around 1.3 quadrillion when articulated in USD... so 2.1 quadrillion sats is more than enough.

Anyone watching any alts? Any opinion on Raydium?
Click to expand...
I've been staking Radium for several years. Before the winter they would do token releases that were free money if you got in early. Buy those were pump and dump mostly.

I still have a TON of it but it's mostly underwater. Up a lot recently though.

I have also experimented with providing liquidity on their exchange. It's pretty wild what you can do, but that's the wild west of crypto. I have swapped SOL for Msol there though.
 
Highli99 said:
I've been staking Radium for several years. Before the winter they would do token releases that were free money if you got in early. Buy those were pump and dump mostly.

I still have a TON of it but it's mostly underwater. Up a lot recently though.

I have also experimented with providing liquidity on their exchange. It's pretty wild what you can do, but that's the wild west of crypto. I have swapped SOL for Msol there though.
Click to expand...
It's currently at about 10% of it's ATH, which makes it tempting to take a flyer on.

I don't eff around with staking or anything like... just a storer of value.
 
Why has it fallen as of late?

Highli99 said:
It's hard to say for certain, but I believe it's a couple of combination of the following:

-SBF got convicted, restoring the notion that criminal actors in the crypto space will be held accountable
-several large financial companies launched bitcoin ETF funds, making bitcoin more accessable to investors. This caused billions in inflows, driving up price.
-there is a “halving” happening in about a month. When this occurs, the rewards for bitcoin minors are halfed. Historically this has correlated to increases in prices.
Click to expand...
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account and join our community. It's easy!

Register

Log in

Already have an account? Log in here.

Similar threads

smashed_potato
All In Podcast
Replies
0
Views
55
smashed_potato
smashed_potato
Nuhockey
Things that make you sad
Replies
9
Views
465
drdr
D
Redbeard
Mini Games to keep things interesting?
Replies
7
Views
219
4SUMERZ
4SUMERZ
Pinkdan
  • Locked
SOLD Bally’s $5s
2
Replies
37
Views
2K
Pinkdan
Pinkdan
X
  • Locked
SOLD Tiki Kings (800)
Replies
7
Views
989
jayfiggy
jayfiggy
Back
Top Bottom