MSTR isn't a btc trading company. And if you or anyone else could call the price action during the last cycle (double top, dropping below the last cycle's top of $20k, etc.), then congrats on being retired. I think you know better than to pretend any of it is predictable. If $69k was the top, it could've just as easily been $150k, $250k, or $50k. And anyone pretending to know what btc will do next cycle (assuming price action is still the same which is a massive assumption) is full of shit.
You're welcome to call them whatever you'd like but they buy and sell btc and they've been pretty bad at it. As I've said in the past, I'm rooting for him and I do think LONGTERM its not a terrible bet. You can spare me with the price action bs, no one is saying it's predictable. The block rewards get halved every 4 years and to pretend that doesn't have an effect on price is rich coming from a maxi. To not work that into a buy strategy is embarrassing and incompetent.
The "sell" part of your post is doing an awful lot of deceptive work. Far as I know, they "sold" once as part of tax loss harvesting and in the process bought like 500+ btc. I'm not taking the position that the halving doesn't impact price. Instead, your position above is that they haven't worked the halving into their buy strategy, which makes them incompetent. That makes no sense. There is no buy/sell strategy regarding price fluctuations during 4 year cycles. The only strategy that arguably works based on past history is to buy as much as possible and then wait multiple halvings. I'm all ears though for you to tell me when they should've bought/sold, and why you knew that in advance.
https://www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html edit, just wanted to link the article not the crazy man ramblings
My girlfriends dad is sitting at the table showing me this Zaif exchange website. He put $10k in. Someone explain what is going on
Dude lost his wife to cancer about a year ago and just getting involved in all sorts of dumb shit as a way to cope. He’s in a telegram group(also not familiar with) and from what I’m reading over his shoulder is it’s a lot of desperate guys with this female “leader” that tells them when to do these spot trades? He’s excited about it sadly, and his account apparently has grown from this initial $10k to $48k. I have zero idea what is going on and I’m literally watching him do these $3k “bets” as I type this
Hey man gambling is fun. As far as shady Asian exchanges Kucoin is my go to. Still wouldn’t feel super comfy keeping anything on exchange long term outside of like coinbase rn.
Read something like 14% of btc mines in the US are using green energy. Color me a skeptical hippo on that front. I'm sure the good folks at the nyt have it all figured out though.
Don’t feel like reading the article, but couldn’t utilizing green energy still put pressure on power grids? Like, in theory and as an example, a farm in a place like Wenatchee could be using hydro power. But consuming that could still put pressure on Wenatchee’s power grid as a whole
Yes. Doesn’t make for a great headline though. The article opens up talking about the Texas energy crisis in Feb of 21 and how these miners preyed upon the power grid. Baby, the Texas energy grid was fucked long before Tim Apple invented bitcoin.
I would guess they’re both filled with some half truths and bias. Blaming miners for Texas energy problems is light weight hilarious though.
If you were to try and come up with some actual steps to fix the Texas grid problems would you start with btc mining? And if so why was it constantly failing before?
Yeah but like Chelan and Douglas County (Wenatchee area, and I simply assumed that this was going to be an issue before even looking into it, knowing how much companies have been capitalizing on cheap energy) are having legitimate issues: https://decrypt.co/102420/bitcoin-miners-will-see-29-rate-hike-hydroelectric-power-washington?amp=1 That’s a legitimate stressor on their power grid, and an unforeseen one. So while it might be green energy, it’s getting sucked up in ways that weren’t accounted for.
i'm addressing your premise that crypto mining isn't a stressor on the grid it absolutely is, the rest is all deflection
I feel like a say this a lot but it’s almost like we’ve got this brand new thing that needs some actual regulation (on a lot of fronts) and not just bitcoin bad, send it elsewhere. The miners are incentivized to find the cheapest energy. If you make miners pay more because it’s fucking with stuff, I don’t see the problem with that. They will likely leave and go where it’s the cheaper.
Btc mining helps balance the Texas grid. Calling it no utility is pretty transparently biased. A pretty key point of a proof of stake protocol is to use energy to secure the system. That’s not ever going to change, and it won’t be banned. I’m sure y’all are equally upset about Christmas lights, video games, and every other use of energy that you subjectively decide has no value.
I thought the original point you were making had something to do with green energy and skepticism that mining had impacts on power grids if they were using green energy, or something thereabouts. Even if the energy is green, it can still stress power grids. Did I miss something?
That wasn’t what I said but go off queen. Don’t really care to go back and forth. I’m very aware of where you stand. I’m sure user will join in if you like to rage at someone for a while.
It’s also such a tired talking point. Read one of the dozens of articles on the topic. Or don’t. Doesn’t matter. It’ll continue doing what it does regardless. https://endthefud.org/
not here to rage i just hold you to a higher standard than user to not do the same rhetorical tics the hive mind does
one of the big btc bois admitted this is their actual opinion on the issue the other day but they obfuscate with the rest the rolodex of defenses so regulation doesn't smash it wish i could remember where i saw it
No my original comment was in reference to a headline they had that only 14% of btc miners in the us were ran off of green energy. I don’t believe that’s accurate from data I saw last year Or specifically after the miner migration from China. Not about the stressors green energy puts on the grid. I’m sure it does.
It’s not obfuscation. There’s plenty of data from the bitcoin mining council. You just ignore it because it doesn’t fit your narrative.