RE: Should We Be Worried About Michael Saylor Getting His Bitcoin Loans Liquidated?
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Another thing I was going to add to this is there could be such a large line of dominos that can still fall. Mt Gox coins finally coming out supposedly. Then other large holders besides Michael Saylor such as Block One. You never know when Brendon Blumer decides he needs a raise and they sell some of their enormous stack they got during their year long ICO from last cycle. Then you have the potential for a huge inflation bomb from Ethereum stakers. Then you still have people levered out on centralized platforms and on DeFi lending platforms. I'm not going to bet against some hellacious capitulation events still to come. Every cycle I see people jump back in too early.
Also when do Microstrategy investors and the board get sick of his aggressive Bitcoin bet as their core business suffers from recession / depression?
Also what if Coinbase stock tanks so much and revenues get worse and Coinbase declares bankruptcy and Michael Saylor custodied all those coins with him didn't he?
Good luck to him..... I never liked his strategy. There seems to be a lot that could go wrong. I will be there to graciously buy up his failed investment when the time comes.
The crypto market has had a lot of shitty centralized players come in
Time to wipe out all the bad actors. I hope SBF was the last, but you never know
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SBF won't be the last Unfortunately.
There is a one hundred percent chance FTX isn’t the last.
There’s enough volume to handle it. It’s not going to even effect price much if all these things happened same week which they won’t anyway.
I disagree. If all that happens we also have everyone clinch up on buying. People don't have much money to allocate to most of the projects. Half the people in crypto got rugged, scammed, bamboozled.... played themselves...etc. This is my 3rd cycle. I will see those at the finish line that can survive the depression that is coming. Good luck to everyone
Totally disagree. It’s not 2013 or 2017. The volume isn’t going to crash based on this. A small dip maybe but a huge crash not a chance. No way
I think we can go lower for sure. I expect 10K - 14K easy. I’m saying the news of a liquidation or 140K coins coming into market cannot cause a few thousand in dollar terms crash unless we are talking a flash crash for couple hours only. We have much different situation then past few cycles. That’s my main point. If I’m wrong I’m happy. It means I can buy daily for cheap :)