$BTC

The Banana Zone giveth 🍌

Earlier today #Bitcoin hit a new record high of over $69,200. About four hours later the price collapsed down to $59,300. That's almost $10K per Bitcoin, for an intraday drop of a staggering 14.5%. Nothing that volatile can be described as being a safe haven or a store of value!

I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation. If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC. If you won't do that, name a custodian. #BitSignal

Why are there no strategists who say that most crypto are worthless so sell them? Why can't people in charge just admit that Binance has no real legitimacy after what happened to FTX?

@iamcardib Yes, Bitcoin will

Floor model $98K Nov close will probably be a first miss (after nailing Aug, Sep, Oct). S2F model not affected and indeed on track towards $100K.

Musk hits it right: there is no demand problem just a supply problem. The same purists who would short bitcoin at $12,000 would short Tesla at $400

Precision in language matters. Supercycle does not mean number go up everyday. It means that adoption steams forward rapidly and that the odds of a multi-year bear market again become significantly lower as institutional and mainstream capital comes into the space.

Tesla & Bitcoin

Bitcoin $33k? One step closer to the #Chamtons...

MicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per #bitcoin and now #hodl an aggregate of 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.

My 12-parts thread on Bitcoin/Shitcoins. I stand by my views: the higher they bubble, the harder they will fall once the criminal Tether manipulation is crashed & FOMO driven retail/institutional suckers get burned hard as in 2018. The parabolic rise in BTC has no fundamentals

$20,000 Bitcoin is back better than ever.

Bitcoin is not taking any market share away from #gold. That hype is just part of the pump so the whales can dump. The only markets where #Bitcoin is taking share are for lottery tickets, sports betting, casino gaming, penny-stocks, and some overpriced large cap momentum stocks.

Ok, last bomb - I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I dont own anything else (except some bond calls and some $'s). 98% of my liquid net worth. See, you can't categorize me except #irresponsiblylong Good night all.

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

I just want to be clear, with regards to being irresponsibly long bitcoin: I don't use leverage I fully expect to have to deal with a 50% drawdown and, Im ok with it. I look at my allocation versus liquid assets and not my house etc I am lucky have an income stream, which is key

The U.S. dollar is no longer a reliable store of value. @winklevoss and I make the case for $500K #Bitcoin

MicroStrategy Adopts #Bitcoin as Primary Treasury Reserve Asset.