Cheer up, mate, I just woke up to a beautiful Sunday morning and don't wish any bad vibes Let me finish my reply to Pek and I promise to do my best not to offend
You're correct, Pek, this is about GME and the enormous potential for an asymmetric risk-reward for the next 5 years if GME goes hard on the bitcoin treasury asset move! Pek, you're also correct about bitcoin's past performance is not yada yada yada however, I always say that bitcoin will go to $1M, $5M and $10M within 5 years, 10 years and 15 years It is to say that bitcoin adoption is not over and may never be For this thread, however, there is a potential for life-changing trade or investment for lower capital than purchasing 1 whole bitcoin 1000 shares of GME, 200 shares of mstr or 2 bitcoin = $2M within 5 years GME is the cheapest entry to $2M but we are unsure the level of bitcoin treasury adoption they will do
I knew that insulting your chart expertise would trigger you, mate, and I am sorry for that, could not help myself, being the a**ho*e that I am I cannot change my colors fwiw, even with my lack of knowledge in TA, imho, you are the best chartist for short term, which is where your trades are so it's perfect match! but again imho, without mentioning names, there might be others who are better at longer term chart analysis, and no, I'm not referring to our good friend waxy, even as I now realize waxy is one of the chillest dudes on ET, A truce, mate I'm not unhinged, I'm resigned... I am at the acceptance stage of grief and ready for crypto winter if it is here, but I would be lying if I say the bull market is already over as I do not believe it Peace offering , a schadenfreude's delight, I have lost most of the unrealized profits since the peak of November 2024, around $700k give or take (intraday m2m valuation was wild) But before anyone feel sorry for me, rest assured I am not suicidal or anything close to being depressed Keyword is unrealized profits and I am very good at risk management since this is my 4th bull market cycle in bitcoin, I am doing quite well and this is important for me and my family, prayers to others on crypto twitter,, none for me and my family many have blown up with very little or no chance of recovery even if the bull market continues You are wrong, mate, I give a lot of crap about GME since I own 2500 shares for long term and want to add more or buy call options I know I promised not to offend but you seem to have a lot of angst with your recent posts,, which I find odd as I would think this current market action is very profitable for your trading style, if you're going through other life issues, I wish you well My ET posts are permanent..., my level of toxicity in the past 30 days including the past 10 posts on this thread is barely a blip from my long history of extreme a**ho*e posts anyone can see them
1. You always say that but you don't reason why it should do that. Hell, even a "it is a meme and people are stupid and FOMO thus will buy it" is a good reason. But we do need a reason instead of hope. 2. I think after the ETFs showed up and the Salvador real world experience showed people don't want to use it, we can call it an interesting experience, but the adoption phase is over. Just put up SPX and IBIT on the same chart, all the valleys and tops happen at the same time. So you need to come up with an argument why would crypto keep going up when the market goes sideways or down.
A little bit tongue in cheek, but... Some of them yes. Tesla was doing bad when Musk came in and Tesla became a STOCK and EV CREDIT seller, thus eventually making profit. AMZN was a bookseller never making money on it. Then they tried to sell everything else. Still not much profit. The real profit maker is their cloud services. Although only 15% of their revenue, but about 50% of the profit. I think that is a serious pivot. MSTR was a software company and they skyrocketed when they became a proxy crypto ETF. McDonalds was a burger selling company doing so-so and they went bananas when they started to sell REAL ESTATE! AAPL became a must own overpriced tech Steve Jobs CULT, that was their pivot. GRPN started life as the subset of a completely unrelated platform known as The Point. Andrew Mason, with backing from Eric Lefkofsky, envisioned a social platform where people could get together to rally behind social and charitable causes. Youtube started as a kind of video-based dating service, where users could upload short videos describing their ideal partner, and browse for potential matches. The site even had a slogan: "Tune in, hook up." Twitter The most legendary pivot in social media history is the transformation of Odeo into Twitter. Odeo began as a network where people could find and subscribe to podcasts, but the founders feared the company’s demise when iTunes began taking over the podcast niche. After giving the employees two weeks to come up with new ideas, the company decided to make a drastic change and run with the idea of a status-updating micro-blogging platform conceived by Jack Dorsey and Biz Stone. For extra fun, Nintendo used to own "short stay love hotels."
An update on the GME, has recovered nicely but this is only the beginning imho the easiest 500% ROI over $100/sh on GME before eoy 2025, no options needed I'm still planning to add to my GME shares, but waiting for some positions to provide risk capital It went as low as $20.xx, during the Tariffs stock market crash but that was the bottom for GME The GME sale of 0% interest convertible bond had enough demand to upscale to $1.5B (net $1.48B proceeds) GME has not announced that they had purchased the bitcoin (yet) so the cash is just sitting there waiting to be deployed along with their other $4.B cash
There's only one Michael Saylor. He's so reliable, always does what he says he's going to do with respect to bitcoin. Don't you worry that GME is not 100% committed to bitcoin?
It is the biggest risk with GME, but even a limited commitment to bitcoin treasury strategy could produce tremendous results GME And with a much lower market cap for GME, the upside rewards is commensurate with a higher risk vis a vis mstr It all starts with the first step... and GME had a first step with a 0% interest convertible debt for 5 years because of bitcoin When mstr started, they were paying interest on issued debt, and had put bitcoin as part of the loan terms, today, mstr issues 0% convertible debt, unsecured, all bitcoin in mstr treasury is unencumbered During interviews, Saylor himself admitted discovering facilities such as selling ATM shares, almost $21 Billion worth within the last few months, absolutely unheard of that the mstr share price has gone up since first doing this along with the convertible debt issued in the same time period All of those were used to buy bitcoin, which makes all that bitcoin treasury asset permanent capital from ATM shares sales, no recourse, no liabilities whatsoever GME is not unfamiliar with selling shares during the time when the GME price was very high, but it crashed the price, but GME got $4.8 Billion cash in their treasury Now that GME has seen the convertible debt 0% interest for 5 years and the GME share price has gone back up within a few weeks, do you think they will also see that they can issue ATM shares just like mstr by the billions of $ to buy bitcoin without crashing the price 90% like in the past? A thousand steps start with the first one, see the first mstr step convertible debt, 0% interest for 5 years next step for GME is $10B ATM shares issuance to buy bitcoin next step for GME is IPO of preferred shares next step for GME is ATM shares issuance on preferred shares to not suffer drawdowns on GME commons SMLR and MARA and metaplanet and others already proving there's an insatiable demand for all these securities, everyone's asleep while these speculative attacks on the fiat financial system is happening I see the news on Twitter press releases but I do not post them here, no one here cares MSTR is going for $3 Trillion of debt securities market, no one believes him, so he just issues them and oversubscribed every single time, GME was upsized as well, so was MARA but back to GME, the shorts will be crushed as they do not understand the value of the GME treasury increasing in value and their net income due to bitcoin GAAP keeps blowing up because bitcoin is going to $1M within 5 years GME higher risk higher rewards than mstr