/biz/ - Business & Finance

>>49572867
doesn't he get liquidated at 21k

>>49572879
How much do we need to sell to liquidate him?

https://saylortracker.com

Fucked

>>49572867
>>49572879
>>49572902
>>49572908
Why didn't he buy when bitcoin was a couple hundred bucks a coin? He was a doubter. He gets what he deserves.

>>49572908
Sort of wonder if we're not going to see this kind of thing:

https://www.investopedia.com/terms/l/longtermcapital.asp

LTCM was also happening with a background of grave world events - 1997 Asian Economic Crisis, Russian default, etc.

Saylor is a FUCKING genius. Buying at the top was the best decision he ever made. He controls those coins now you see? It doesn't matter what price his company bought the coins at. Do you see where I am going here? When BTC hits 20K and his coins get margin called there will be a ripple effect across all of crypto. what do you think that will do the price? It will drop, it will drop hard and it will drop fast. Who do you think will be there to slurp up those cheapies when the market crashes? You guessed it, Saylor will slurp his own dip at prices slow low you wouldn't even believe it if I told you. Then he will have truly made it.

More than 2000 employees will have no job soon because their boomer boss bought into a zoomer pump n dump scheme. Lmao.

>>49572879
~3k is what they (microstragedy) said themselves

Sometimes I think Im dumb for putting 5k into Bitcoin

This retard just put 3 billions

>>49572867

Not as fucked as tesla

>>49573029
The real number is 21k not 3k.
>MicroStrategy’s CFO Phong Le explained in the company’s first-quarter earnings call on Tuesday that if Bitcoin’s price falls below $21,000, or around 50% from current levels, it will be forced to pony up more cryptocurrency to back its $205 million Bitcoin-collateralized loan with Silvergate Bank that was used to buy Bitcoin in the first place.
>“We took out the loan at a 25% LTV; the margin call occurs at 50% LTV,” Le said. “So essentially, Bitcoin needs to cut in half, or around $21,000, before we’d have a margin call.”
https://fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/

So within reach bros.

Ok hol up

>>49573115
That's a fraction of everything they have though

>>49573115
Holy shit that would be fucking epic

How much is a 4 billion dollar explosion worth?

It would dump the price to 15 easily lol

>>49573108
man and palantir just bought gold

>>49573115

Dumping to 21k will require social energy in the orders-of-magnitude. It's not the same as thinking it's 'just' another 4-5k down from here. The closer you approach zero on a bluechip asset, the harder it takes and more volume it requires in order to shift. Same on the way up

>>49573003
>when my amazons choice time machine arrives to take me back to 1992 i'm going to make saylor do the mcdonalds wagie dance for my birthday. he'll bring me a bunch of balloons and my burger and i'll tell him to buy bitcoin, i'll tell him "there is no second best"

>>49573115
Almost makes me want to sell just to see it happen lmao

But the thing is they have uncollateriszed btc as well they can still simply add that as collateral if btc goes to 21k or lower

>>49573181
But with Celsius blown up they might get angsty activist shareholders calling for a full position unwind...

>>49572908
>https://saylortracker.com
why would be be fucked, surely he isn't using leverage?

>>49573288
He is using leverage: >>49573115

>>49573003
ok this board is beyond reddit tier, this is straight up brown/black skin tier.

>>49573200
It's going to happen

>>49573307
holy shit, turns out I am a better investor than this cunt. Even I am not dumb enough to use leverage.

>>49573307
>SBF eye'ing up your liq price

They won't get margin called unless bitcoin hits like $1,000 or something but until then everyday bitcoin is in the red for them the high interest is eating them alive.

I hope BTC goes sub 10k for a few months

>>49573108
not really.

Tesla has an actual business that runs.. They pulled in ~50bil in revenue this past year. Their bitcoin holdings is tiny % of their overall valuation.

Microstrategy is a dying shit company where their bitcoin holding is pretty much the only value they have lmao

>>49573198
I hold 300 shares of Palantir

>>49572867
Join the NEET army

Saylor will be fine, its his lenders and clients that will suffer if his btc gambit doesn't work

>>49573115
lmao you do not understand their position at all. dumb faggots

>>49573731
and you don't know how to formulate a coherent argument, do you?

>>49573108
Site?

>>49573993
https://www.bitcoindashy.com

>>49573200
Things are pretty sketchy, anon. You're gonna see some shit.

>>49573757
go back to redd1t faggot

>>49573200
>bluechip asset

>>49572867
chads don't get fucked ... he's fine

>>49574702
You need to be 18 years old to post here.

>>49575268
Don't let him get to you, anon. You're stronger than this. I believe in you and you will make it.

newfags get rekt every cycle.
this saylor dude is really dumb if all he did was surface level research.. all that talk about liquidity and being enough to convert. all a joke there's no liquidity at the top he couldn't have sold his stack if he wanted, yet he keeps buying.
i don't know if he was dumb enough to believe his own hype or he was just selling his own personal stack into microstrategy buy walls.

>>49572867
LET IT ALL BURN
https://www.youtube.com/watch?v=MyCFi7lbw50

>>49572908
Dios mio

>>49573200
Last bullrun cycle Bitcoin retraced 85% by the end of it
We are not even close to done with this dump

>>49573200
Bitcoin bluechip WHEN?
You kids will die holding this worthless shit

>>49573200
>bluechip crypto asset
anon if you keep this up I'm going to have to ask you to pay the medical bills to replace my missing sides

>>49573200
>bluechip asset
bitcoin ain't it chief

>Liquidated SHORT
>$416,806.19 liquidated @ $24,907.00
Lol. Lmao even

>>49572908
lmao
wonder how it feels to have lost $700 million dollars
not to mention his position is completely unsellable
>>49573200
it's certainly true that the rate of depreciation drops as the price drops, as now each $1k drop (for example) now represents a greater portion of the overall price, but we've dumped 10% today and getting to 21k would only require a couple more crashes of this magnitude.

>>49576051
>not to mention his position is completely unsellable
This is one of the elephants in the room people just keep ignoring lmao. There are DOZENS of holders that have more BTC than the combined depth of all exchanges. Half of them are just random anonymous people and if they want they could market sell BTC to literally 0. Not 0.1 not 0.001. 0

>>49576287
why hasn't it not happened??

>>49576351
Because guys like the one you're responding to absolutely do not having a fucking clue about BTC

>>49576351
Would you sell $100m worth of assets for $10m?
Someone could still do it just for the lulz though since they still get more money than they will ever spend. There's also holders like japanese and US government that have huge holdings siezed from criminal activity. That WILL be sold over time. The siezed gox funds alone are bigger than microstrategy
https://www.cryptoground.com/mtgox-cold-wallet-monitor/

>>49576422
explain what's wrong retard.

>>49576524
Market makers will add in buy orders once the books start clearing. You can't flash crash Bitcoin to zero on all exchanges.

>>49576583
>Market makers will add in buy orders
"market makers" don't have 100,000 BTC just sitting around retard.
>You can't flash crash Bitcoin to zero on all exchanges.
you don't need to, the longs getting liq'd are more than enough to take care of it on pretty much every exchange

How will he get liquidated if he owns the coins? Dumb fucks.

>>49576707
They don't have to have 100,000 BTC. They are buying your BTC with dollars.
Imagine your OG whale S.N. trying to sell 800K BTC. As the price is down to $1, any market maker will add a $500k or whatever (DOLLAR) BUY order. That's it. Zero averted.

>>49576825
>They are buying your BTC with dollars.
They still don't have $3b USD just sitting around retard. That also takes like an hour which means the flash crash already happened you double retard.

>>49573200
>bluechip asset

>>49577032
Where do you get the $3b number? I already explained to you that to prevent crossing $1 barrier you need $21million dollars at most.

>>49577122
and in your mind bitcoin crashing to a dollar isn't a flash crash? you are a retard even if the other guy is too

>>49577122
>>49577294
>to prevent crossing $1 barrier you need $21million dollars at most.
holy shit I didn't realize you were THIS clueless lmao. 90% of BTC is not on exchanges. Do you even know what "order book" means?
I guess I should have known better when talking to one of the "bitcoin can't fail" retards

>>49573115
>taking out a loan to buy shitcoins
ive lost money on bad investments but i didnt take out a loan to make them

>>49573108
microstrategy has 3x exposed than tsla lmao

>>49573200
Move into 17k real quick and back.
People will be rekt.

>>49573108
>galaxy digital
True mfers

>>49577333

>>49576788
hes taken on debt to buy them though even if he doesn't get liquidated hes gonna have to resell to pay off the interest unless he just wants to use the company profits

Not my business actually. DYOR diligently, and act accordingly. That's all that matters right now. People are giving up, others are commiting suicide, but some are busy stacking still....

>>49575406
>don't know if he was dumb enough to believe his own hype

>>49578399
please spoonfeed me like a little baby man boy, please dada im hungry

>>49572908
>https://saylortracker.com
Is he this cycles mcafee?
Anyone else remember the mcafee eat his own penis countdown in 2017

>>49573200
whenever I see the words 'blue chip' in crypto I immediately know they're a retard

>>49572879
yes I believe thats the correct number
>>49573029
this is wrong. Michael Saylor said 3k is the theoretical minimum it could go where they can cover the long. he didnt say they definitely will cover it though

>>49578416
If another bull market this guy will be insufferable

I actually believe this recession is a nothing burguer

This guy will continue to go all in with his employees future in an highly speculative asset

He is so fucked long term

>>49575589
we're down like 61% right now, if you're right then we're going back to like 8-9k bitcoin which would be nuts

0 fucked. He has no obligation until late 2024

>buying internet funny money on margin
Microstrategy has to go. Only then we can resume the bullrun

It all comes around.
Margin/leverage traders get the rope.

>>49572867
https://www.youtube.com/watch?v=7G8Y5F14lRo

>>49573003
Based retard

>>49573200
>blue chip asset
There's your mistake.

>>49573200
>bLuE CHip
Imagine bing at literally 24k and trying to argue that 21k isn't just a fart away

>>49580372
It was 25k when he posted kek

>>49573539
Sell me on your shitcoin

>>49573115
they took out a loan against an asset to buy more of that asset? jesus christ no wonder this ponzi scheme is crashing down