@superbeets
At least crypto is a bright spot for you down there, how long until Jerry gives McCarthy the boot? I thought he was a horrible hire and I did not give him much of a chance at lasting too long, the Cowboy expectations are too high and coaches are never given a long term chance. I'd rather have Phillips over McCarthy.
Van -
WSC- Cowboys are who they are .. they need to start the rebuild and play for draft. Injuries on defense has killed them… they will have a new staff next year. They need to play for 2 year plan.
As for crypto - it’s not too late. People will say I should have bought at 80k when it hits 125-150k because it WILL by next summer at latest. Maybe sooner. Plus the meme coin market just hit 80 billion. That’s nothing. I will be shocked if it doesn’t hit a trillion by end of Q125
@ZiggyDawg
@wallstreetcappers
it’s a great time to be in crypto for the next 6-8 months. I’m not talking to you two when I say this but to others who are thinking about it .. when u get into the market right now don’t get discouraged when u wake up and your account is down for a day or a week or whatever , that’s the way it works. Just do NOT sell. It will come back if you are in good projects !! Buy when the market is red. I’ll be honest , it’s not a good time to buy right now for short term folks. Long term it’s great time. This upwards trend will keep going but it will NOT be like this everyday during the journey. There will be corrections all the time.
Every so often I read this thread for a laugh.
$30 to 88k.
Hard to fathom.
https://www.covers.com/forum/general-discussion-35/bitcoins-for-gambling-101567609
I love MSTR. Been in it for about six months and the ride has been crazy.
From what I understand, it is currently trading at a premium of about three times, if you assume microstrategies value is solely as a Bitcoin ETF.
Does that concern any of you guys? If that premium flattened, and reflected the true distribution of their Bitcoin holdings to their shareholders it would be about a third of the price.
There's nothing to say that a stock has to trade at its true price, stocks trade with premiums all the time, just wondering if you guys had any thoughts over long-term mstr rather than short-term mstr.
@vanzack
Keep an eye on the true value of MSTR because their BTC holdings are not equity in full to the company. Saylor borrowed for pretty much all of the purchases and has not repaid any of the debt he accrued for the BTC buys. You have to look at his average price then subtract from current value to get the equity he has. That means the real multiple is much higher than just the market cap vs full BTC equity.
So for example say that Mikey has an average price buy at 40k, I think that is pretty close that means at 90k his equity is 50k per and then you multiply the whatever number he has and that is the equity they own. The core business is probably worth 1B and he should not sell the software because then the whole enterprise is just a leveraged BTC bet and that is way too much corporate risk IMO.
Stocks can sell over fair value a LONG LONG time, so not saying MSTR is going to crash but at some point gravity hits and valuations settle in but that could be a long ways out.
@vanzack
PTSD in effect. I hate looking at that thread man 
.. 
it’s definitely life changing .. what i know now and what I “would” of done , generational wealth .. BUT good thing is the same theory still applies. Obviously the amount of gains then to now will not be there but you can still get a 1000-2000% gain in a 10-20 year span .. BTC will be a million dollars within 10 years. I firmly believe that ..and from there , who knows …
$WOLF did a 50% plus gain today
My 17 yr old kid out smarted me today.. he moved some Solana over today that I gave them and made a good $500 today ..then he moved his original investment back and kept 250 in Wolf ( start DCA) and moved rest into BTC.. I was on the fence so I didn’t do it .. 
Nothing makes me happier than young people making money and not wasting their life on video games !!! I of course get a say for another year of his life so I can ax a silly move BUT to this day , he has been very smart with what he is doing .. I love it !!!
IMO
you will see Ponke and Turbo take the next moves. Wolf was set up from yesterday as it was done consolidating..
I have a strong feeling that both these will do a minimum 10x from current price. That’s being very conservative. It’s about to be crazy with these 2 coins. I hope I’m right 
on another note :
the little forgotten chain CRONOS has gotten a boost .. that fairs well for the CAW coin that’s their “shiba” type token. Talked about it back in June. Finally has woken up 
Flat day in crypto
These are the days you look to enter the market .. if you are looking at charts , you try to figure out resistance lines and find best spot ( what you feel will be the lowest ) and BUY BUY BUY ..
I know I sound like a broken record BUT always buy on RED.. kinda what I said in an above post , those euphoric days are not the best to buy on.. the flat downs is where u make money.
This is just me but I’m opening the gates on Ponke and Turbo, that doesn’t mean I’m buying at this second but I have buys ready to go once they get to a point ( could be today , tomorrow or whenever ). Also will dabble in the BASE chain.
Thanks for the responses on MSTR. I am learning as much as I can.
From what I understand....
MSTR creates "yield" for the shareholder in BTC. In English - and from my understanding - this means that the shares outstanding divided by the bitcoin owned increases without them actually buying btc. They talk alot about yield - and I dont quite understand it fully yet.
What I think I do understand is that MSTR should trade at about 2X of BTC - up or down. I am doing deep dive due diligence and will report back what I learn.
@vanzack
They have not divulged how they are generating yield but I noticed that their yield grab was lowered from I think 17 down to 7-10 percent, they had a release about that a bit ago. To me that yield is coming from them using financial instruments to generate yield, kind of like covered calls for stock. So I would guess that Mikey is selling futures short and taking the premium and that is generating a rate of return or yield.
I sell covered calls on stocks regularly and I would imagine he is probably selling futures way out of the money or maybe selling puts of some sort. I think he is a total degenerate gambler and he likes to run that risk. He is a total risk on investor and he is either going to make a ton or get blown out of the water, the leverage he uses guarantees he will either make a killing or get wrecked. I remember last year when BTC was well under his average cost there was some rumors that the debt covenants were that the equity of his holdings needed to be over a certain ratio and if that ratio got too low the debt could be called immediately and he would have lost it all. I dont know how close he came but I have to think it was a tough time for him mentally.
After doing a little more reading, Mikey I think is using the term yield as a rate of return on the current price of BTC vs his holding price, not that he is generating a yield outside of just holding the crypto. When i think of yield I am not thinking about an increase in price on the asset rather as a supplement in addition to the asset. So all my yacking about futures and puts etc is based on what I call yield versus an increase in the value of BTC they hold.
I still have to think they are using derivatives to juice his return, he is too smart to just hold BTC and not try to make more off holding it than appreciation.
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