Well, perhaps that's one of the reasons, but graphically speaking, prices are already tending to fall. So any impulse in that direction will cause prices to fall. All we can do is wait and try to take advantage of the situation.
You have been registered on the forum for a whole two cycles, in other words, slightly more than 8 years.
I am not opposed to any of what you are saying in regards to buying the dip or whatever you had meant by "taking advantage of the situation," yet I still wonder whether you have already been accumulating BTC in the past years? especially since it has been a great 8 years, especially for guys who might have had been able to establish a majority of their bitcoin position prior to 2021.
Yet, even a guy who had been accumulating around $100 per week in the past 8 years, he would have had invested around $300k (I know it sounds like a lot), and he would have right around 20 BTC.
3. On EXACTLY 10th October, MSCI , the world's 2nd biggest Index company published the below. They are questioning whether companies that hold crypto assets as their core business, should be considered as "companies" or "funds".
Was this widely circulated information or was it kept to the select few? It seems like such market-moving information being kept on the DL would be kind-of shitty. That Saylor is only responding today is interesting.
Here is Saylors response
*snip*
Doesn't sound that convincing so not a great outlook. Here's hoping, I guess.
If MSCI does it, I will taking all my funds out of Morgan Stanley, that's a promise, even though I have a minimal exposure to MSTR.
From my point of view, it does not take away from MSTR's value proposition, even if they will no longer benefit from being included in Index Funds.
Sure, they lose a lot of passive investment, so there will be an initial negative impact. Accordingly, investors into MSTR would have to seek out MSTR and/or other bitcoin related investment funds, rather than merely relying on such funds being included inside of various index funds... I doubt that it is a slam dunk to leave MSTR and similar companies out, since there likely is some kind of preference to get performance out of various funds, yet I had seen that MSCI had mentioned that having bitcoin in such funds, it creates a kind of artificial feedback loop and is not necessarily reflective of more fundamental values (such as the companies real world production) since financial companies are left out of index funds too, right?
Reminder: We are making fun of mindrust, because he claimed to be cool as ice for the whole bear market, claiming he would hold his corn with diamond hands and not ever thinking about selling.
The he sold overnight, at the bottom of the final bear capitulation candle, shortly before the accumulation phase prior to the next bull market started (was it at $4k, IIRC? ...or maybe $9k-ish?).
Mindrust sold around 4k. I'll never forget that day.
Me too, i only forgot the bottom price
EDIT: At least, he became
some kind of a legend, too.
People remember it not because he sold...i am sure quite a few people sold some anywhere between 5k and 7K back then.
It's just he sold
everything and did not re-buy, at least initially...pretty sure that he bought later on because he sometimes posts on btctalk, just not here (under the same nickname, at least
).
Mindrust was a bit dramatic and adamant about his sale, and yeah probably several of us did not help the situation, since there were quite a few of us trying to get him to explain and even get him to hedge his bets by at least buying back some portion of what he had sold.
I am pretty sure that he bought around 1 BTC back around $6k, and then he said that he was discontinuing his involvement with bitcoin and moving onto other things (which might have had been monero, even though he did not say exactly what he was moving onto).
He said that he was not coming back to this thread, even though he has been somewhat active in other parts of the forum, and he mostly avoids talking about his March 12, 2020 mistakes (and mistakes around that). I am not sure what value he would get to participate in this thread as another pseudonym, yet it seems that it would not be against the rules since he is likely a forum member in good standing, as far as I know.. not that i follow his every interaction, though I come across his posts from time to time..
Amending this to point out that I do believe the chance that we are seeing some shenanigans unfold before our eyes that will definitely hurt the price of Bitcoin are pretty high at this point.
Doom and gloom from cAPSLOCK.
What else is new?
