alistairmilne
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My mum sold some MSTR and bought SMLR ... what is she up to now?
Any real-time trackers for MSTR market cap premium to NAV or 'mNAV' out there?
Peak of this cycle is likely to be when a plethora of shitcoins have their own public 'treasury' company trying to mimic $MSTR
Anyone know what the new Pope's stance is on Bitcoin?
Unpopular take:
The 'Bitcoin yield' of the public Bitcoin treasury companies via selling shares 'at the market' closely resembles ponzi economics (the early investors benefit from the later investors paying a premium vs assets) except that, if responsibly managed, no-one should lose everything - worst case should be the net asset value (NAV) per share.
The counter argument to the above is that selling shares at the market actually reduces the premium vs NAV, thus reducing the potential harm to the newest shareholders. They actually surpress FOMO and market inefficiency by doing it.
Whether the newer entrants to the markets make it or not depends entirely on their ability to raise money and survive any bear market (e.g. share price goes to a discount vs NAV at the same time as notes need to be refinanced)
This is all GBTC on steroids (which traded at a huge premium to NAV and started sucking in BTC from people who hoped it would continue for the x months they were locked up for) and likely creates a massive flywheel effect when Bitcoin re-enters price discovery.
Someone smarter than me will likely devise a way to analyse and rate the safety of each of these Bitcoin Treasury public entities. In the meantime, DYOR and approach with caution.
The 'Bitcoin yield' of the public Bitcoin treasury companies via selling shares 'at the market' closely resembles ponzi economics (the early investors benefit from the later investors paying a premium vs assets) except that, if responsibly managed, no-one should lose everything - worst case should be the net asset value (NAV) per share.
The counter argument to the above is that selling shares at the market actually reduces the premium vs NAV, thus reducing the potential harm to the newest shareholders. They actually surpress FOMO and market inefficiency by doing it.
Whether the newer entrants to the markets make it or not depends entirely on their ability to raise money and survive any bear market (e.g. share price goes to a discount vs NAV at the same time as notes need to be refinanced)
This is all GBTC on steroids (which traded at a huge premium to NAV and started sucking in BTC from people who hoped it would continue for the x months they were locked up for) and likely creates a massive flywheel effect when Bitcoin re-enters price discovery.
Someone smarter than me will likely devise a way to analyse and rate the safety of each of these Bitcoin Treasury public entities. In the meantime, DYOR and approach with caution.
So @Bybit_Official has blocked me from withdrawing a small amount of BTC for TWO MONTHS now despite being fully verified
They claim they require a video showing me in control of the wallet that deposited the funds
... which happened nearly FIVE years ago!
So long ago the deposit transaction is no longer in their history
Are they insolvent? What kind of ludicrous requirement is this to allow people to get their assets of their exchange?
They claim they require a video showing me in control of the wallet that deposited the funds
... which happened nearly FIVE years ago!
So long ago the deposit transaction is no longer in their history
Are they insolvent? What kind of ludicrous requirement is this to allow people to get their assets of their exchange?
Net flows into Bitcoin ETF's very close to making a new ATH again (closer than the price, apparently)
Retail sold their bags to Wall Street? Hate to see it...
Retail sold their bags to Wall Street? Hate to see it...
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