Bitcoin and MSTR price correlation

Discussion in 'Crypto Assets' started by johnarb, Nov 9, 2021.

  1. Pekelo

    Pekelo

    And lost most everything in the dotcom bubble pop. So you are saying if it happened once, it can happen again? :)
     
    #11     Nov 13, 2021
  2. johnarb

    johnarb

    It is not impossible

    Fortune Favours the Brave - Matt Damon
     
    #12     Nov 13, 2021
  3. johnarb

    johnarb

    Minor update. MSTR has been on a downtrend, lately, current price according to Robinhood for MSTR Jan 2022 750 call options are $130 for each option
     
    #13     Nov 16, 2021
  4. VicBee

    VicBee

    I would like to think this is only temporary, that BTC is also downtrending and soon it will regain to a new high. I'm adding MSTR to my portfolio while it's low.
     
    #14     Nov 16, 2021
    johnarb likes this.
  5. VicBee

    VicBee

    upload_2021-11-18_11-30-51.png

    From the YTD chart above, BTC led the trend above MSTR from mid March to early June when BTC dropped significantly, providing the opportunity for a significant increase (from 2.5 million to over 5 million trades) in buy orders and taking MSTR above BTC from early June to the start of October when cryptos surged and BTC became the rabbit again.
    Today MSTR's volume is around 4 million trades, close to its March volume. Share price peaked around 800 then, and 860 now.

    I think BTC will need to break 75K for MSTR to break 900. Grab the popcorn!
     
    #15     Nov 17, 2021
    johnarb likes this.
  6. johnarb

    johnarb

    BTC downtrend is still ongoing which is causing MSTR stock to go in the shitter

    My options are now under water m2m :banghead: $85 per option (cost-basis is ~$100) x5

    I still think btc will go up by a lot soon™️

    The supply of btc on the exchanges keep going down and is geared for a supply shock™️
     
    #16     Nov 18, 2021
    VicBee likes this.
  7. deaddog

    deaddog

    Where is the demand going to come from?
     
    #17     Nov 18, 2021
  8. johnarb

    johnarb

    Everywhere!
     
    #18     Nov 18, 2021
  9. deaddog

    deaddog

    That being the case you'd better get in now before it's too late. :D
     
    #19     Nov 18, 2021
  10. johnarb

    johnarb

    Ye' of little faith :D I'm already long 20 spot btc's. I bought some at $29K and bought more at $46K

    Btc will go to $80K+ in the next few weeks, imho, and you'll be thinking to yourself why you did not buy any

    upload_2021-11-18_12-4-46.png
     
    #20     Nov 18, 2021
    VicBee likes this.