$MicroStrategy (MSTR.US)$ the price action on microstrategy ...

Shootingstar : they do this to cover cost and buy more btc but yes the price is being hedged intentionally

10baggerbamm OP Shootingstar : I understand what they're doing with the money I understand they saved 12 and 1/2 million dollars annualized by doing this offering because they're retiring debt payments at a much higher level this was debt that was used to buy more Bitcoin in the past. the problem is the underlying business of microstrategy it fucking sucks they have no revenue growth. and from an earnings expectation revenue expectation they miss it by a country mile. so if somebody looks at them today the logic would be well why do I want to buy them I can just buy Bitcoin directly or buy a leveraged ETF I get better appreciation in a 2X Bitcoin leverage bull ETF then I do microstrategy. again microstrategy in the past use to significantly outperform the leverage  Bitcoin ETF. and now microstrategy lags Bitcoin and is significantly under the leverage bitx ETF.  and I own it I've got 12,000 shares of this shit I started buying a 20.25 quarter in batches of thirds all the way down. and quite frankly I'm unloading it today this should be much higher and I'm in The leverage ETF incidentally mstx. I tried to sell calls yesterday there's no way to get executed in the spread on this fucking thing and it doesn't hold a rally for shit every Spike was meant with Sellers and the swings are 10 to 15% daily off of the highs so it's impossible to even get a full order executed on the ask cuz it never holds

Shootingstar 10baggerbamm OP : the only reason this is not rising is because of the money used by people investing in damn ETFs. before you make money the company then the etf and all it's people need to make money first

10baggerbamm OP Shootingstar : well I really don't get what you're saying because it's not as if you put a dollar into an ETF and then the company strips away two cents or two and a half cents whatever their fees are on an annualized basis it doesn't work that way.
I think the reason why it's weak post split is just like Nvidia number one before people were trapped in a 1300 to 1900 per share security and they could not split it up and now they have 10 times that amount so they can diversify so all of the people that have been in it for say a year or two years that have done exceptionally well they now have the ability to peel off 10 20 30 40% whatever and look elsewhere I think that has a lot to do with it and I think also like I said the fact that he fucked everybody even though it makes financial sense to save 12 million dollars a year I get it but it's still viewed as dilution. so you need to see a major breakout I think in Bitcoin for to regain any command and I don't see that happening right this second because until the election is resolved and Trump wins they're still going to be Gary gensler hanging over Bitcoin and everything that they want to do within the SEC. Trump wins day one Gary gensler he's out of a job he's fired along with a lot of other people sitting in high offices that were appointed. and then Trump's building a war chest of Bitcoin he certainly much more digital currency friendly and I understand he's starting his own token I don't believe it'll be successful that's my opinion I love the guy I don't believe it's going to get adoption. but the fact that he's Bitcoin friendly will elevate it too much higher highs it'll put it back to 70 75++ and then it's off to the races

Shootingstar : yes I agree to what you are saying but to me etf is a group of specialised Indivviduals who have a pool of the company's and customers money with exactly zero product to offer except to buy shared then put up shorts longs warrants. if that etf is able to predict  by gambling their offerings to earn this specific etf group to become profitable whatever means necessary will their members earn salary plus commission. if the etf you invested in goes up I guarantee you are only earning a mere faction of their manipulation. if that etf from a big Institution were to be very red they would receive financial backing to manipulate stock prices in their favour making retail investors suffer as they are not part of the cool kids syndicate. I bet powell received many phone calls with his decision to do a 50 point cut just by looking at how hesitant the markets were reacting. also etf are a good way to evade taxes for the rich. else they would be no demand for them otherwise

Shootingstar : a member of the sec was also seen hanging out with sbf whom they have quickly transferred or fired. the collapse of ftx was orchestrated by Gary gensler and the sec

10baggerbamm OP Shootingstar : Gary gensler 100% against crypto Bitcoin ethereum he is a major roadblock. he is 100% against anything that takes away government control oversight. and when Trump wins he's fired day one.

Shootingstar 10baggerbamm OP : yes bro I agree when he was a professor he was full swing supporting algo. after becoming the head of sec algo was the first token to get declared as a security

Dan’l : I took a brief ride on $MicroStrategy (MSTR.US)$  and $Bitcoin (BTC.CC)$  (and $TeraWulf (WULF.US)$ , too) shortly before Bitcoin began this latest decline, and it was the strong correlations that both drew me in, and caused me to take my profits early… too unpredictable and stressful for me.

Both stocks are clearly affected more heavily by the path BTC than most, buUut… since I’ve no idea as to what degree, or under which circumstances? I felt like I was at a Las Vegas casino, but without any pretty women to see.

Coinbase published a few articles about correlations to the greater market, with one in August seeming to somewhat dismiss them, and their latest study claiming it to be 50%.

Not that what I think should be relied upon, but there are so many factors to be considered that it’d take some Blackwell-ish power to truly sort out.

But, man, oh man: trillions, if you did.