Crypto thread

Bitcoin price 

Six years ago: $230

Five years ago: $529

Four years ago: $2,200

Three years ago: $7,100

Two years ago: $8,700

One year ago: $9,500

Now: $35,700

Paul Tudor Jones says 'go all in on the inflation trades' if Fed keeps ignoring higher prices

https://www.cnbc.com/2021/06/14/paul-tudor-jones-says-bet-heavily-on-every-inflation-trade-if-fed-keeps-ignoring-higher-prices.html

Paul Tudor Jones says he wants 5% of his portfolio in bitcoin and he doesn't even look at the price anymore.

Michael Saylor: 

MicroStrategy Completes $500 Million Offering of 6.125% Senior Secured Notes Due 2028 with Bitcoin Use of Proceeds. @MicroStrategy’s existing approximately 92,079 bitcoins are being held by a newly formed subsidiary, MacroStrategy LLC.

MicroStrategy estimates that the net proceeds from the sale of the notes and the related guarantees will be approximately $488 million, after deducting initial purchaser discounts and commissions and estimated offering expenses payable by MicroStrategy.

MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin.

No idea why he’s so vocal about his imminent purchase. Is it a regulations thing? 

He’s going to have over 100,000 bitcoins after this purchase. Pretty incredible. 

$4,000,000,000+ 

Barry Silbert: 

“I've gone long the VIX (via $UVXY) to prepare for the macro fireworks” 

Guy is only right 98% of the time nbd 

UVXY is currently $30.76

Goldman Sachs plans to offer ether futures, options to its clients

https://www.theblockcrypto.com/linked/108364/goldman-sachs-ether-derivatives-plans-bloomberg

The West shall remain wild for another year.

https://www.thestreet.com/crypto/bitcoin/sec-has-no-plans-to-regulate-bitcoin-or-other-cryptocurrencies-in-2021

Michael Saylor: 

MicroStrategy Launches “At the Market” Securities Offering for Flexibility to Sell Up to $1 billion of its Class A Common Stock Over Time

He just started buying his latest $500 million worth and he’s already finagled a way to buy an addition $1b worth 

This guy might need an aa meeting tbh 

John Bollinger (Bollinger Bands): 

“Bottom in place, prices trying to move higher, first real target is the bottom side of the prior range, call it 48 to 50k. Play it as it lays.” 

Guy is almost always right when commenting on Bitcoin price action. 

A week ago the announcement of the delay for ETH 2.0 until end of next yr has hurt this crypto market rally, that’s why the BTC dominance has been going up lately.

AMP.    OX.    ANKR.     Origin

Gold dumping 

UVXY $35.89 

Hey Detox... hope you've been killing it w the bitcoin.   You've been convinced of it for quite awhile.  

I hope this big & quick crypto rally comes soon that some believe we will see in near future cause if it doesn’t happen soon, it will all go to shit when the stock market crashes, it’s not a matter if the stock market will crash, it’s just a matter of when the stock market will crash.  Good luck everyone and I sure hope this big crypto rally happens before stock market crash then I could sell my crypto and get out and slowly buy back in after the crash comes.  Hopefully this coming wk is the last wk we see this ugly level in cryptos before we start a descent big rally.

In cash and low leverage short plays 

It was a good run 

@I_Need_A_Detox

 So you sold your shit ton of crypto that you picked up a couple weeks ago? Thx for sharing UVXY btw I hopped in around $30. Prob gonna be a short ride

Thinking DXY pulls back and provides a little relief to begin the week to trap hopeful bulls and then goes up for a month or two topping around 96 and crushing souls.  

If I had to guess I’d say the end of summer will be a good entry. 

MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin. As of 6/21/21 we #hodl ~105,085 bitcoins acquired for ~$2.741 billion at an average price of ~$26,080 per bitcoin.

https://www.microstrategy.com/en/investor-relations/press/microstrategy-acquires-additional-bitcoins-and-now-holds-over-105000-bitcoins-in-total_06-21-2021

closing shorts 

not in a hurry to enter any positions