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$Strategy(MSTR)$ Disclaimer. I am a MRTC bear. Bear that in mind. Re-posting this article which reinforces my belief. And adding to this that the article was posted before last night's bounce. Bitcoin is now at $70k. But still do note that even after the bounce, Bitcoin is still below MRTC's Bitcoin breakeven price of $76k. Which means the next quarter report will show even larger loss for MRTC. "Strategy MSTR ▲26.11% and its executive chairman, Michael Saylor, are facing their most difficult financial test yet as the company’s Bitcoin-centered business model hits a major wall. The firm reported a staggering $12.4 billion net loss for the fourth quarter on Thursday, a direct result of the sharp decline in the va
AGQ seems to move much greater than SLV and ASLV. Upwards or downwards. It's probably because it is traded with a multiplying formula, quite like SQQQ or TQQQ. Which also means it bears greater risks and rewards. This instrument is not for the faint hearted b it to those with more experience AND resources, this can offer much greater profits too. However, you must also not be holding this for too long a period and don't be too greedy as well.
Stock Track | ProShares Ultra Silver Soars 8.47% Intraday on Silver Rebound and Geopolitical Tensions
Not at all surprised. Last night was THE golden opportunity to get richer.
Spot Silver Rises 5.88% to $75/Oz; Spot Gold Rises 2.34% to $4,898.91/Oz
$ProShares Ultra Silver(AGQ)$ Silver has been seeing a pull-down effect due to the overall market sentiment. Tech stocks collapsed from news about AI overspending as well as the new tech possibly replacing needs of chips. And with Bitcoin and other Cryptocurrencies seeing a bubble-bursting moment, this has added a drag in the minds of traders. But when you have a moment to calm down and think, the run on Gold and Silver is not logical. If anything, the collapse in tech and crypto should lead to a bull stampede for precious metals. Precious metals are back-up commodities to safe-harbour your cash in times of distress. Having gold and silver fall along with stocks and crypto does not make any sense and I believe the
Actually the report is back dated. It was for the period which ended in December 25. The situstion is very much worst now as Bitcoin has fallen very much more since then. And coupled with this are the share price of Strategy which has fallen at a faster pace than the fall in Bitcoin. If Bitcoin does not show a spectacular recover by the end of March, MSTR will show an even greater and spectacular loss. This will trigger a sale of it's Bitcoin treasury and at a much much lower price, which in turn will show even greater loss in their balance sheet. Possibly drive MSTR into a distress situation. Michael Saylor will then likely raid theIr so called cash reserve that was supposed to be used to pay dividends. If this happens, MSTR will be in default to the holders of note
Strategy Reports Massive Loss as Bitcoin Plunge Tests Core Business Model
"Liu Xufeng explained that silver has a stronger commodity attribute and is more affected by sudden supply-demand news, hence its volatility far exceeds that of gold. Medium to long term, silver also benefits from strategic stockpiling, growing industrial demand, and the Fed's monetary easing cycle, with opportunities to stabilize and rise after the second quarter." This truth is absolute. Silver is not a flash in thr pan. It's availability is limited and versus demand in use, there is a supply inbalance. What this means is, there is more demand than supply. And any student of economics will know this means prices will rise. The supply elasticity will guarantee this.
Liquidity Strain Emerges as Primary Driver of Recent Gold and Silver Price Plunge
It's over for MSTR. The strategy only works as long as the perceived value of Bitcoin is greater than the price of the MSTR shares. Otherwise why would ordinary investors buy MSTR rather than the Bitcoin itself? Now that Bitcoin has fallen so far down, and MSTR continues to head down at a faster pace, all the arguments that Michael Saylor makes has gone out the window.
Bitcoin Crashes Below $70,000 for First Time in over a Year. Is Crypto Headed for a Market Reset?
Damn. If only they allowed short-selling on Blue Ocean trading. Missing the most golden of all opportunities right now on MSTR. Bitcoin is now down to $71k......
Peter Schiff is taking a victory lap — at least for now
MRTC and Bitcoin. The crash is turning into an avalanche. MRTC is registering continous 52-week low in it's share price. Bitcoin is not doing any better. Trading at $72k right now with a low of $71k earlier. It looks to be going below $70k by end of the week. When this happens, MRTC is in serious trouble. Their base average price of their Bitcoin holding is $76k. And even with the low Bitcoin price, the MRTC share price trading without any premium. In fact, it is way below their asset value. Deeply underwater. Very soon, if not already, Michael Saylor will have to raid their cash reserves stored for dividend payment, or start selling Bitcoin in the treasury. Both of which are disastrous.
$Strategy(MSTR)$ Spiraling down to nothingness. Last night's action looks to be like last grasp, and only success was delaying the invitable. Look at Bitcoin prices now. $73k and still under pressure. How long can MSTR hold before they have to start selling their Bitcoin? And if they do, it will do two things. 1) Press Bitcoin prices down even more. 2) Show a loss for MSTR as their average cost is $76k. Not the best of dayd for MSTR and Michael Saylor.
$185 target? And you call this a low? Man, it's already hit $126. Which is a new 52 week low. Was this a mistprint? Did you mean $85 target?
Strategy price target lowered to $185 from $474 at Canaccord
Silver and Gold are the real thing. Crypto's are not. What we are seeing now is the flow of cash into metals, away from Crypto's.
Gold and Silver Stocks Jump Premarket; AGQ up 10%; Coeur Mining, Silvercorp Metal, First Majestic Silver, Pan American Silver up 4%
MRTC is in serious trouble. It is living on borrowed money and time. We may be seeing a chapter 11 called soon.
Crypto Daily | Michael Burry Warns of Cascading Effects From Bitcoin Plunge; Cathie Wood Keeps Buying Crypto Stocks
The moment of truth is upon us. Gold and silver are real. Crypto's are false. This day, this week, this month, we have started to see a reckoning of how the tulip craze disintegrated.
Stock Track | ProShares Ultra Silver Soars 5.14% Over 24 Hours on Geopolitical Tensions and Regulatory Easing
$Strategy(MSTR)$ Today is where you keep shorting and covering. Bitcoin is be coming buttcoin and Michael Saylor is starring at his strategy turning into a tragedy. Ponzi's only work if you can sucker new money in. With Bitcoin collapsing, no fool will want to add money to this. Game over.
MRTC Collapsing MRTC is hitting new 52 weeks low. Bitcoin price is now trading below MRTC's average cost price. What is worst is MRTC share prices are trading below it's holding value. Meaning there is no premium to the value of the shares over it's asset. Peter Schiff must now be going "I told you so".
Michael Saylor is a gambler. The mist dangerous kind. The ones who gamble with your money. Bitcoin is trading close, or even below MSTR's average cost price. Worst than this, MSTR's share prices are trading BELOW Bitcoin's already collapsed price. Everything is going wrong with MRTC now.
The Crypto-Hoarding Strategy Is Unraveling -- WSJ
Jim. Totally agree with you. This is a slippery slope strategy. And it's all done with money he has been ponzying up with. Issues of new shares and debts to cover for past funds raised that has gone bad.
Michael Saylor Uses 'Dry Powder' To Add 855 BTC To Strategy's War Chest, But Jim Cramer Is Not Impressed
Ouch. And he made further bets at about $10,000 above present traded price. Michael Saylor is practicing reverse average costing. This works if BTC stops bleeding down. But if kills when BTC continues to crash down. This is like a gambler at a blackjack table. After losing a round, he doubles his bet. And he keeps doing this in the hope his luck will turn. Very reckless. Except he is doing this with his investors' money. It all money he has raised through issuing new shares and notes. Everyone is a sucker. But not him.....
Saylor's Bitcoin Gamble Faces Renewed Pressure as High-Risk Bet Enters New Test
Michael Saylor must fast asleep. Or maybe he just ran out of cash? Eitherway, both Bitcoin and MRTC are crashing really ugly right now.
Crypto Daily | Bitcoin Briefly Falls Below $75K; Michael Saylor Signals Another Bitcoin Buy; CZ Says Bitcoin Is “Still Early“
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