I smell fear! 👃
Hey folks!![]()
Disclaimer: This is for education and entertainment purposes. Please do your own Due diligence and be a responsible investor or trader. Not a recommendation to buy or sell.
I am smelling a big fear happening in MicroStrategy.
Of course the fear is not senseless fear it has got to do with one person.
Michael Saylor!
Now what is the fear?
Each time Bitcoin decides to rally or dip by a tiny bit. This wanted man keeps diluting the value of the company.
If the prices of bitcoins goes up he buys it with collateralised debts
If the prices of bitcoins goes down it dillutes the shareholders and using the shares as an ATM to buy more Bitcoin.
Go read that on yahoo finance!
Now should we fear on this strategy? ![]()
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My concerns here is that Bitcoins decided to play the ascending wedgie.
This leads to the idea that when there is a pullback, more dillution happening at the investor level.
On the other hand if it goes above 110k, he will continue to buy more at that price level on a loan.
Should this be concerning? ![]()
I did not say so but sentiments are starting to say it based in the TA
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For the past 2 days, I am observing the chart that despite the price of Bitcoin keeps surging. Investors are throwing away the shares back into the money pit concerning on Michael Saylor strategy.
No surprise we will see a test of support at 380 levels as there are still some investors believe that his strategy worked.
The reason for the fearless sentiment is the inclusion of the company in the Nasdaq index!
However, If bitcoins decided to dip back to the ascending wedge, I may see a further dip to support levels at 355 to 338 levels.
Alright folks that is for my sharing! Wish you have a wonderful trade ahead!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Casual and Social 🐱Trader and investor. ✅ chartist for Trades ✅ Financial reporter ✅ Scalpers ✅ Swinger
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EZ_money : after hearing what he said to Microsoft trying to convince the board not to do stock buy backs and dividends, rather invest in BTC at ATHs, it's clear he doesn't care about his investors, doesn't put money back into the company for expansion or innovation no research or development nothing, just dilution to add to his BTC personal stash. a man who has committed fraud on securities and taxes it's clear what type of person he his. a con artist pushing his own investment onto others like it's the greatest thing in the world and it's the only way anyone will get rich. he some how even has the ability to see the future making claims of BTC 5 million by 2030 . can you say it any other way? as an investor I like companies that value their investors, not rob them.
Aaron Invests (AI) OP EZ_money : IMHO this is more of a trading stock it has no underlying fundamentals except for a shell for BTC storage. Can't be an investment for the long term at this price levels.
晴瓦林 : $MicroStrategy (MSTR.US)$ I won't take an intangible commodity company seriously when the max drawdown is over 80%
liquidityHunter : mstr is an endless loop. the iteration goes on forever
Biao Zhang1988 : If quantum learning really breaks through the regional chain in two years, then it will be worthless. Surprisingly, there is still 33% support. Musk is right! Some people's brains are too stubborn.
Biao Zhang1988 : Now is the time to openly take the money from the unsuspecting individuals and do it. There are still some people who support him.
sundsvallson Aaron Invests (AI) OP : one would wonder what such a large cache of asset/currency is called at the present moment? First Bank of Bit?
Aaron Invests (AI) OP sundsvallson : Probably the first bank of crypto.
EZ_money Aaron Invests (AI) OP : no such thing. it's his personal stash that retail bought up for him is all. a piggy bank maybe. WTF do we need a BTC bank for