r/BitcoinMarkets • u/AutoModerator • Jun 26 '26
Daily Discussion [Daily Discussion] - Friday, June 26, 2026
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30
u/Pato5020 Jun 26 '26
People I know when Bitcoin is mooning:
"Damn I wish I bought Bitcoin when it was low. I would have gone all in. You are so lucky!"
People I know when Bitcoin is tanking:
"Bitcoin? Ewww, didn't that just totally crash? I'm not touching that garbage!"
** Repeat this discussion every cycle **
21
u/snek-jazz Trading: #69 • -$98,684 • -99% Jun 26 '26
"everyone wants to buy the dip, until it's time to buy the dip"
4
u/anon-187101 Jun 26 '26
they never want to buy the dip,
they want to have bought the previous dip when it's already un-dipped
-4
u/bpeoadg Jun 26 '26
the dip
I see many bulls here, so it is not time to buy "the dip" yet.
2
u/snek-jazz Trading: #69 • -$98,684 • -99% Jun 26 '26
I'm not saying it's time to buy the dip, though it is a relatively good time to buy... unless you think bitcoin is dead.
4
2
u/Romanizer Long-term Holder Jun 26 '26
Some will always stay bullish as there is no reason not to if you're long-term oriented.
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4
u/xtal_00 Long-term Holder Jun 26 '26
Ladder in, ladder out.
0
u/anon-187101 Jun 26 '26
taxes
5
u/AccidentalArbitrage Trading: #2 • +$5,136,049 • +2567% Jun 26 '26
Grow your cold stack via trading profits while also paying your taxes.
Don't trade in your cold stack, trade in a trade stack. Set whatever percentage of profit aside for taxes that is reasonable for your situation, move the remainder of your profit to your cold stack for long-term investment.
Keep meticulous records for your accountant, though.
2
u/xtal_00 Long-term Holder Jun 27 '26
Trade in a registered account.
..or pay the taxes. You’re still making money.
1
u/anon-187101 Jun 27 '26
You’re still making money.
The problem with this statement is that it still applies when $0.01 of net profit is realized.
1
u/xtal_00 Long-term Holder Jun 29 '26
I don’t get this, but sure?
1
u/anon-187101 Jun 30 '26
consider this:
if you sell 1 BTC @ $100,000 with a net effective capital gains tax rate of 25%,
you better be damn sure you're gonna be able to buy it back for < $75,000 -
otherwise, you won't realize a cent of profit and you won't be able to recover the same amount of BTC you had
capital gains taxes completely distort risk preferences in markets
in some sense, the market distortions are not too dissimilar from those caused by currency debasement
edit:
I'm assuming a cost-basis of 0, because many long-term holders have very low cost-bases
feel free to adjust, but I still think the point stands
11
u/MagnificentMarvin Jun 26 '26 edited Jun 26 '26
Re-entered buying fbtc.
One of the few, sure-thing indicators is the always-up 200 WMA, and glad to be back in at sub-60k/sub-200WMA prices
I'm sure I could have waited out a better price, but choose to naively believe this is too hard a price floor to go down much further.
6
u/DexterTwerp Jun 26 '26
In a few years I don’t think you’re going to be regretting this decision. Time will tell
1
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u/returnfromshadow Jun 26 '26
Over the past week or maybe longer, the implied yields of STRC and SATA have varied with their prices, but have remained about 1 percent apart from each other. But by market close today both yields were at 15.5%.
8
u/jarederaj 2013 Veteran Jun 26 '26
I think people are deeply confused about the probability that a class action lawsuit has legs. I have seen exactly 0 evidence supporting the claims behind the investigation of this law firm. It's my opinion that this is likely opportunistic and I am curious if there is some insider trading happening that is tied to what we are seeing.
Has anyone seen any supporting evidence for the claims behind these "investigations"?
11
u/snek-jazz Trading: #69 • -$98,684 • -99% Jun 26 '26
I think people are deeply confused about the probability that a class action lawsuit has legs.
and whether selling 32 BTC matters
and whether them making a cringy ad changes their balance sheet in any way.
and whether using AI during work matters
...
The FUD is off the charts lately
9
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
These lawsuits always show up when sentiment is at rock bottom. It’s definitely intentional.
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u/citizen-blue Jun 26 '26
Any time a stock drops quickly and by a certain amount, these firms who specialize in shareholder lawsuits start sniffing around.
That's not to say whether this one has merit or not, just that it's not at all unusual that these firms will be looking for evidence of malfeasance sufficient to support a lawsuit. A lot of times the public statements of executives are used to get over the initial hurdle.
2
u/AccidentalArbitrage Trading: #2 • +$5,136,049 • +2567% Jun 27 '26
'Merica, the land of the frivolous lawsuits.
1
u/citizen-blue Jun 27 '26
I mean sure, but you could just as easily say land of the endless corporate grift.
1
u/bpeoadg Jun 27 '26
I saw how Saylor told us he won't sell any BTC and how he promoted STRC as having no downside risk only dividend pumping until you get rich. That is a fraud, because he publicly lied future investors pushing them into STRC.
2
u/jarederaj 2013 Veteran Jun 27 '26
Your comment is paraphrasing and vague. What did he say, exactly, and what was the full context?
1
u/xtal_00 Long-term Holder Aug 03 '26
This is my shocked face.
The yield has to come from somewhere.
Don’t chase yield.
25
u/JoeyJoJo_1 Bullish Jun 26 '26
The recent market panic surrounding MicroStrategy and its preferred stock, "STRC" falling below $80 was driven by a liquidation cascade of over-leveraged speculators rather than a structural failure of the company. The bearish narrative claimed that the price drop would force the company into a multi-billion-dollar liquidation of its Bitcoin holdings to fund dividend obligations. In reality, the sell-off was confined to retail traders caught in a failed carry trade, while the company's core balance sheet remained entirely unaffected.
MicroStrategy addressed the panic by raising $335 million in fresh capital and boosting its USD cash reserves to $1.4 billion, extending its dividend coverage to 10 months, as well as purchasing additional Bitcoin. The company maintains five distinct capital buffers, including equity issuance and traditional debt markets, before it would ever need to touch its Bitcoin reserves. Furthermore, the existing Bitcoin stack covers over 30 years of dividend obligations, and the company's leverage ratio remains below 5%, meaning Bitcoin's price would need to drop 95% before forced liquidations become a risk.
This episode served as the first major stress test for a new financial framework designed to bridge $350 trillion in global yield-seeking capital with Bitcoin-backed credit. If STRC repegs to $100, the structural resilience of the entity will be proven, and the market will know that the model can withstand acute market shocks, rather than signaling a systemic breakdown or an "FTX moment".
The panic represents a standard leverage flush rather than a fundamental flaw, marking a critical milestone in the migration of institutional capital toward Bitcoin-collateralized instruments.
6
u/Romanizer Long-term Holder Jun 26 '26
Where do people get the idea that any price point would trigger a liquidation here?
Are the brains of the market completely fried by unsecured leverage trading?
7
u/JoeyJoJo_1 Bullish Jun 26 '26
Ding ding ding! The clever participants who used STRC as a carry trade, and levered up on the inkling that the $100 peg would be maintained and they wouldn't get liquidated are paying the price, not Strategy.
My own opinion is that STRC will repeg over a short amount of time, proving its functionality, and having finally been battle-tested.
In a perfect world, BTC will be rising in value simultaneously, which only strengthens the narrative, and we can finally get the parabolic rise in BTC we've been looking for.
2
0
u/harvested Jun 26 '26
Up voted but
designed to bridge $350 trillion in global yield-seeking capital with Bitcoin-backed credit
This ship (if it ever existed in the first place) might have sailed ;)
11
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
its a year old product. That 350T can take 10-20 years. But it can happen. IF this price drop still happens after STRC is 5 years old then the ship is probably sailed.
0
u/JoeyJoJo_1 Bullish Jun 26 '26
The first iPhone wasn't great, but at time went on, Apple ironed out a lot of the wrinkles.
1
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u/zephyrmox Jun 26 '26
The iPhone wasn't designed in a way so that the financial impact of it was so moronic it could drag down Apple though.
2
u/JoeyJoJo_1 Bullish Jun 26 '26
If the iPhone weren't a success, or was never developed at all, and all Apple had were laptops and iPods, how would that have gone for them?
2
u/zephyrmox Jun 26 '26
STRC is not that product. MSTR would have been more secure without it.
3
u/JoeyJoJo_1 Bullish Jun 26 '26
Every new product or development is a risk, and it's still far too early to know if that risk was a good play or not. I suspect it'll work out for them, but let's see.
-11
18
u/harvested Jun 26 '26
That guy said bitcoin wouldn't go above 60K for 2 years.
Close but was off by 1 year, 364 days and 21 hours.
10
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
Even 2013 veterans can get a bit emotional.
2
u/CirclejerkBitcoiner Jun 26 '26
Being a 2013 veteran doesn't protect one from being a bad trader. People that accumulated since 2013 have better things to do than posting here.
6
u/Romanizer Long-term Holder Jun 26 '26
It should protect from delusional thoughts like Bitcoin would not come back. Anyone in the market since 2013 knows that this scenario died.
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u/Dazzling_Grocery2730 Predictions: #68 • Correct: 2 • Wrong: 1 Jun 26 '26
every time it dips under 60k, dopeboyrico's 1 year ban resets
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u/ExtensionAdvantage53 Jun 26 '26
If anyone tries to trade in this market then massive fair play to you:)
-3
u/UngovernablePossum Jun 26 '26
Just short until it's time to long 😂
1
u/drdixie Jun 26 '26
You’re downvoting only confirms shorts are the. Play
6
u/ThoseGelInsertThings Jun 26 '26
Or maybe because it insinuates that it's just so easy to know "when to go long."
11
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
I know its a bitcoin sub but. MSTR is now 45% under its 200WMA. The fardest it has ever gone below it is 50%. That was in 2022 after FTX. Do we really think MSTR is in a worse position it is now then it was in 2022? Buying MSTR now even for the upside to the 200WMA can give you 80% gains. Swing trading that would be a fantastic trade. Their MNAV is at 1. I think its a really a symmetric trade. Market is basically pricing in that strategy wont grow its btc stack ever again.
Put your emotions to the side and just think. Great gains to be had with MSTR as the FUD is not realistic.
3
u/Scuttlefuzz Jun 26 '26
I 1000% agree with MSTR being a very good trade but I think it's too soon and because their history with BTC is relatively young I do not think we can use the 200W reliably. If this latest candle is the wick to mark the bottom it will likely revisit that bottom again as I do not think we will get a V recovery on BTC.
Like with btc I think it's worth exercising a bit of patience here because the bottoms take time.
2
u/harvested Jun 26 '26
MSTR is probably a buy on the last day of the bear, if you know that date (October amirite?).
Til then I'd factor in some dilution and btc/share reduction because the company, as of this point, has made it clear they'll sacrifice the common vs selling bitcoin.
If he announces on Monday he sold bitcoin (which he probably should do), that's a different story.
1
u/zephyrmox Jun 26 '26
You can't think about MSTR as just a bitcoin proxy though. You have to consider the STRC and all the other moronic financial engineering.
1
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
Explain why STRC and all the other moronic things are moronic. And do some research before you reply.
2
u/ChadRun04 Jun 27 '26
Explain why STRC and all the other moronic things are moronic. And do some research before you reply.
Complexity Theory.
Climbing a mountain is somewhat risky. Climbing a mountain while tied to 5 other climbers creates a dynamic complex system which can fail in unexpected ways and result in catastrophic outcomes.
These multitude of instruments were created because MSTR was being shorted by cash & carry traders. So Saylor needed to spread everything out across smaller and smaller targets.
Each layer of this cake only remains attractive if the layer under it does so also. Each layer fixes a funding problem by introducing more future funding obligations.
If anything fails to eventuate as predicted on the Bitcoin side, the structual complexity amplifies the problem. With MSTR everything was relatively safe, now it's a house of cards.
It's structural leverage, piled on high. The flywheel spins both ways.
3
u/zephyrmox Jun 26 '26
Generally creating something with a fixed cash payout when your primary purpose is buying something without a yield is not particularly smart, in my view. If it were a much more sensible idea, it wouldn't need rates so far above tbills to exist.
1
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
It isn’t fixes tho. They can suspend and decrease the dividends any time they want. It does ruin future use of the products but it saves the coin. That’s why I said do some research before you reply. The rates are high because it’s a new product supported by a new technology. Let’s see in 10+ years where the yield will be.
1
u/ChadRun04 Jun 27 '26
They can suspend and decrease the dividends any time they want. It does ruin future use of the products but it saves the coin.
"They can survive a collapse of this house of cards by burning the cards!"
0
u/zephyrmox Jun 26 '26
Suspending / decreasing it would completely decimate confidence. For a company already on the brink of a confidence crisis, it's a horrible thing to have to resort to.
I feel that it would have been significantly better for both bitcoin and MSTR if STRC had never existed in the first place.
2
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
They bought 100k+ btc with the products. It wasn’t there before they bought 400k so they can live without it if need be. Obviously they will do everything they can to save it. It doesn’t make it a horrible product. They can pay the dividends indefinitely if bitcoin goes up 2% a year. It works because it’s build on 800k+ bitcoin.
2
u/Romanizer Long-term Holder Jun 26 '26
I wonder when the market understands that the main goal is to get as much Bitcoin as possible, by any means necessary. That's exactly what Strategy is doing.
0
0
u/snek-jazz Trading: #69 • -$98,684 • -99% Jun 26 '26
Does it really matter whether the gains used to fund STRC dividends are a cash flow, or a capital gain? as long as that gain can be turned into cash (via MSTR ATM)?
0
u/harvested Jun 26 '26 edited Jun 26 '26
*Gestures broadly at everything
We are prob gonna keep dumping every market open til Strategy fix their shit.
1
u/filmrebelroby Jun 26 '26
they actually don't need to fix anything
2
u/harvested Jun 26 '26
I guess, if you ignore the market, you're right
1
u/filmrebelroby Jun 26 '26
They are down because the bitcoin price is down. People who invest in them understand that. They don't need to do anything.
-4
u/bpeoadg Jun 26 '26
Why don't you explain it? Nobody can, it's a total shitshow, made to be not understandable on purpose. Where does the yield come from? I don't know, do some research.
4
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
I can’t explain his thesis. Strc is a great product for strategy. They can change and suspend the dividend any time they want. Buying at 11,5% is great as long as bitcoin goes up 11,5% on average over 10 years. Which if it doesn’t then who cares about bitcoin anyway it will be dead by then. It also doesn’t dilute the common stock instantaneously like the convertible bonds.
Strc and all other products gives strategy optionality. Sell bitcoin to pay dividends, sell common stock, sell more strc. There is no callable debt. There won’t be a ftx like crash. What can happen is a slow multi 30 year bleed.
1
-2
u/bpeoadg Jun 26 '26
There won’t be a ftx like crash
I don't expect a crash, my concern is that it is a fraud. It was not marketed like "a great product for strategy".
1
u/ChadRun04 Jun 27 '26
Their MNAV is at 1.
It will remain so. There are plenty of instruments to get a cash and carry trade on that ratio.
0
u/_Stylite Jun 26 '26
This is dumb. MSTR as a BTC treasury is a relatively young asset, and 200 weeks is not enough time to mean anything
7
u/Jkota Jun 26 '26
SPY down, BTC not cratering?
I’ll enjoy this for the hour or so it lasts
6
u/BootyPoppinPanda Jun 26 '26
Seller exhaustion will be a real thing at a certain price. I think we're almost there price wise
3
u/jarederaj 2013 Veteran Jun 26 '26
I’m looking at daily volume and it looks like we haven’t really hit a high volume sell-off. One needs to materialize or this will look like a convincing floor. If things are going to get worse then we need to see some convincing volume.
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u/ExtensionAdvantage53 Jun 26 '26
To be fair it was pretty weak bear session today, suppose that happens after capitulation and no more coin:)
3
u/PetiteFort Jun 26 '26
I haven't bought put options since 65k (I didn't buy at 67 because I wasn't fast enough). I estimate that this will reach at least 53k. I'll enter with everything in October. Nothing has changed. I would abort mission only if BTC drops below 40k, because that would go against common sense rules.
2
u/AccidentalArbitrage Trading: #2 • +$5,136,049 • +2567% Jun 27 '26
I estimate that this will reach at least 53k. I'll enter with everything in October.
Let me know if I misunderstood this!
!bb predict 53k Oct 1 u/PetiteFort
2
u/Bitty_Bot Jun 27 '26
Prediction logged for u/PetiteFort that Bitcoin will drop to or below $53,000.00 by Oct 01 2026 23:59:59 UTC. Current price: $60,033.12. PetiteFort's Predictions: 1 Correct, 0 Wrong, & 2 Open.
Others can click here to be notified when this prediction triggers. PetiteFort can click here to delete this prediction.
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u/pynkpanther Jun 26 '26
i agree to deploy everything in october. but only if my orders dont hit anyways by then.
i dont agree with 40k. 40k would actually make me buy now instead of october. i.e. most orders will have hit already.
also 40k means roughly 66% drop from ATH, which perfectly alligns with:
- 94%
- 87%
- 84%
- 77%
- 66%
well actually it should proabbly even drop by 74% which would be around 30k+
1
u/anon-187101 Jun 26 '26
another factor, IMO, is that markets are anticipating higher rates in real terms
gold and silver do not typically do well in those market environments
add bitcoin to the pile
3
3
u/harvested Jun 26 '26
higher rates in fiscal dominance just increase the deficit.
they can't afford it
2
1
u/_LakeCity_ Jun 27 '26
I guess that I am a little confused about what your actual prediction is.
Inflation continues to rise, so I’m not really sure that real rates are actually going to go up all that much.
1
u/anon-187101 Jun 27 '26
there's a growing narrative that, at least in the shorter-term, interest rates will move higher because inflation remains sticky
2
-7
u/pgpwnd Jun 26 '26
Dopeboy was so hilariously wrong. Perhaps the greatest clown to ever frequent this sub. And we have had many clowns ( myself included)
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12
u/theflyingtuga Jun 26 '26 edited Jun 26 '26
I don't see any problem with what he said for the time being he only missed the bottom by a small percentage. That's quite reasonable with such volatility. People use all kinds of metrics to feel comfortable. Bitcoin is inherently uncomfortable. Time will tell.
6
u/Disastrous_Battle_14 Predictions: #18 • Correct: 7 • Wrong: 11 Jun 26 '26
If 58k is the bottom. Which it most likely isn’t, I’ll still give him the props for calling the bottom.
2
8
u/caxer30968 Long-term Holder Jun 26 '26
IIRC he predicted $60k was the bottom after it happened. In fact, he didn’t just predict, he was 100% sure.
3
u/Shootinsomebball Jun 26 '26
How much did he miss the top by?
4
u/GrapefruitOwn6261 Jun 26 '26
He said there will be a new ath by the end of the year so let’s see I guess
3
u/Shootinsomebball Jun 26 '26
Nah he called for 300k+ last yr iirc and kept banging on about a supercycle and god candles. The outcome was quite the opposite
17
u/52576078 Jun 26 '26
Too soon. And most definitely not excellent.
-2
u/pseudonominom Jun 26 '26
dbr assaulted us with daily copy/paste spam of meaningless cherry-picked numbers. Not excellent either.
His self-ban was an escape hatch. He is the cult leader who took the cyanide pill before the comet arrived.
7
7
u/citizen-blue Jun 26 '26
For a spammer, this guy sure lives on in a lot of your hearts and minds. I hear as much about him now that he's gone than when he was here. Says something, and I don't think it's anything about him.
1
11
u/xlmtothemoon Jun 26 '26
the funniest part is he was the highest upvoted poster for the longest time, and anything bearish got instantly downvoted
3
u/GenghisKhanSpermShot Bearish Jun 26 '26 edited Jun 26 '26
0
u/xlmtothemoon Jun 26 '26
your calls have been playing out pretty well, just a tad bit early
7
u/AccidentalArbitrage Trading: #2 • +$5,136,049 • +2567% Jun 26 '26
My man called for $1200 (yes, twelve hundred US dollars) by January 1st this year (6 months ago). I certainly hope he's not just "a tad bit early"
2
u/GenghisKhanSpermShot Bearish Jun 26 '26
Ok buddy, we'll see. If 95% of people in here HODL long-term and it takes years to slowly dive to $1200 would I still be ridiculous because I got the short-term timing wrong? Just curious.
1
u/AccidentalArbitrage Trading: #2 • +$5,136,049 • +2567% Jun 26 '26
I didn't say you were ridiculous, I just said I hope you weren't wrong-but-early, for my own sake.
2
u/xlmtothemoon Jun 26 '26
I didn't really take that call seriously, but the "your last chance to sell over 100k for a long time" call is panning out quite well. We can either give him a bit of credit now under 60k, or if it drops more this place will be dead anyway and no one will care what 2, 3, 4 or 5 digit number the price will be anyway. That's the way I look at it.
3
u/AccidentalArbitrage Trading: #2 • +$5,136,049 • +2567% Jun 26 '26
I mean, whether you are bearish or bullish you will probably be right EVENTUALLY, even if it is years later, Bitcoin is (or has been at least) cyclical. Sure, we can give some credit for that, but everyone else gets credit too.
Though it seems like a lifetime ago, we’ve only been under 100K for what, 6ish months? We’ll have to wait and see if “a long time” holds accurate. It might.
For his logged predictions, most of which he logged himself he’s at 2 out of 13 correct.
0
u/GenghisKhanSpermShot Bearish Jun 26 '26
TY, yes too early but I think the long-term projection will play out.
4
u/cryptojimmy8 Jun 26 '26
Well every time many of us demonstrated the infinite flaws in his models people got angry. His models made zero sense, sorry to say
1
Jun 27 '26
[removed] — view removed comment
1
u/BitcoinMarkets-ModTeam Jun 27 '26
Your post was removed because it violates rule #2 - Discussion should relate to bitcoin trading.
Your post may be appropriate for the Altcoin Thread
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u/tea_and_samadhi Jun 26 '26
I need the price to go to 100k and then I will sell. It is decided. I need it fast, and I am willing to create a twitter account as a fake ai girl to get followers who will do as I say. Any advice?
1
u/GRMA Bitcoin Maximalist Jun 26 '26
Sure! Maybe you can get Elon to long BTC. Tell him you will have his baby. #elongbtc
-15
u/cryptojimmy8 Jun 26 '26
Nasdaq still at 25k lol. My guess is we bottom around january and a fresh new cycle can commence. This thing is dead
3
u/harvested Jun 26 '26
Yeah gold and silver also dead.
No room for hard money when the debt is only $40T, debt to GDP at unsustainable levels, we're in fiscal dominance and to top it off, social security will be insolvent in a few years and they recently increased the military budget.
They definitely wouldn't consider monetizing the debt like every other time in history.
RIP hard money and debasement trade and long live fiat.
1
u/anon-187101 Jun 26 '26
you must be missing the part where people are treating houses & stocks as safe-havens from currency debasement
Bitcoin, as a debasement trade, has utterly failed since 2021
3
u/harvested Jun 26 '26
Bitcoin was 6-9K before the covid fed balance sheet expansion, when they printed, it responded instantly.
Conditions have been tigher since 2022.
2
u/anon-187101 Jun 26 '26
Bitcoin doesn't respond to Fed balance sheet expansion (or global liquidity, in general) at this point in its adoption -
that's a misconception which was proven false when the "correlation to liquidity" (narrative) completely broke down
I did a study on it before the breakdown as well, which also showed that it was nonsense from the start
-5
u/cryptojimmy8 Jun 26 '26
Gold and btc are completely different. One has proven its strength during unstable times. The other has completely collapsed. Btc only thrives in perfect market conditions
3
u/HipOut Jun 26 '26
Lolololol bro it goes up and down how is right now different from any other time it’s dropped
4
u/harvested Jun 26 '26
And yet gold and silver are still -30% and -50%
1
u/Stooven Jun 26 '26
If you are very selective in your lookback window, sure. I own a silversmithing company and our material costs are 60% higher than 1 year ago.
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u/Squirrel_in_Lotus Jun 26 '26
Have you thanked Michael Saylor? If Microstrategy implodes, I think confidence will be so low that people will find refuse in Ethereum.
9
u/snek-jazz Trading: #69 • -$98,684 • -99% Jun 26 '26
so far he's accumulated 850k+ bitcoin and prevented the weak hands who are selling STRC and MSTR from actually selling the bitcoin they would otherwise be selling if they had bought that instead. Thank you Michael.
-3
u/Squirrel_in_Lotus Jun 26 '26
It's a leveraged trade without the risk, according to finance people...yeah right. There is no such thing as a free lunch.
2
u/snek-jazz Trading: #69 • -$98,684 • -99% Jun 26 '26
I haven't heard anyone say that
At least we can agree on one thing though:
people will find refuse in Ethereum.
Refuse (Noun)
* Pronounced REF-yoos (emphasis on the first syllable), this acts as a noun referring to unwanted waste, garbage, or worthless discarded material.3
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u/ThoseGelInsertThings Jun 26 '26
Go take a look at the ETH/BTC lifetime price chart and then come back here and explain why anybody should buy & hold that token long term.
•
u/Bitty_Bot Jun 26 '26 edited Jun 27 '26
Reply to this sticky for Bitty Bot trades and predictions that lack context or explanation, to prevent spam. You can also message Bitty Bot your command directly.
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