Crypto thread

Michael Arrington tweet from 11/21/20: 

“December 3. Crypto people, Mark your calendars.” 

https://twitter.com/arrington/status/1330264532191744001?s=21

New crypto indexes from S&P Dow Jones Indices will list 550 cryptocurrencies starting in 2021. 

https://cointelegraph.com/news/bitcoin-arrives-on-wall-street-s-p-dow-jones-launching-crypto-indexes-in-2021

The Luna news was the launch of Mirror Protocol... Seems stupid tbh. 

“PTJ mentions Ethereum. 

Bitcoin is a gateway drug. These 1% allocations from funds are going to increase in size and diversity into other crypto. 

Ain’t no way they just buy Bitcoin now.”

Video here: 

https://twitter.com/cryptocobain/status/1334570080152268801?s=21

Michael Saylor:

“MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins.”

damn. 

Bought some ROSE. Switched a few things up. 

DOT 

ATOM 

ADA 

LUNA 

POLS 

ROSE 

Things have been pretty steady for a while now. A big move is probably coming. Not sure if it will be up or down. Hopefully it’s up. 

Took 20% off each position for USDT 

I think BTC could drop to $17,200 ish and range between $17k-$19k for a month or two and let alts run a little 

Hoping to buy back into an alt at $17.2

I wish Wallstreet was actively trading btc. Would appreciate more of his input from time to time.

Is anyone more bullish than Michael Saylor?

NEW: MicroStrategy wants to raise $400 million via convertible notes and buy bitcoin with the net proceeds

https://www.theblockcrypto.com/linked/86887/microstrategy-400-million-convertible-notes-bitcoin

Lmao he just tweeted out the story. 

Guy is insane. He already has close to $1 billion worth of btc that he recently bought. 

https://twitter.com/michael_saylor/status/1336069291444211714?s=21

I think he made a few hundred million in profit from the btc he bought earlier in the year and he wants to roll the profits into btc without selling any btc? 

Takes massive balls especially when btc is sitting close to ATH. 

Hats off.

Do you still recommend Bitcoin and Ethereum? I’m buying both on days they are down. Any other of the popular coins you recommend? 

I think BTC and crypto in general is still a good buy. I think we’re in a bull market that will run until the end of 2021. BTC and ETH are the safest bets. I think BTC will push $100,000 and ETH will push $3,000 by the end of 2021. These are my positions from largest to smallest. 

DOT

ATOM

ADA

LUNA

POLS

ROSE 

And have some dry powder in USDT looking to buy this dip. Might sell ROSE. I bought it yesterday and it’s up 20% while everything else is down. COTI, KSM, OCEAN, and a few others are ones that I like, keep an eye on and will buy if I see a big dump. 

CEO of MicroStrategy and CEO of Binance just had a 1 hour discussion. 

https://www.youtube.com/watch?v=Jb48Q5e4WVg

Wells Fargo latest investment strategy memo devotes a page to bitcoin/crypto.

"Over the past 12 years, they have risen from literally nothing to $560 billion in market capitalization. Fads don’t typically last 12 years."

https://www.wellsfargo.com/investment-institute/investment-strategy-report/

Bought the dip. Hopefully up from here. 

TYSONS CORNER, Va., December 9, 2020 — MicroStrategy Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced the pricing of its offering of $550 million aggregate principal amount of 0.750% convertible senior notes due 2025. 

https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes

JPMorgan Says Gold Will Suffer for Years Because of Bitcoin

The rise of cryptocurrencies in mainstream finance is coming at the expense of gold, says JPMorgan Chase & Co.

Money has poured into Bitcoin funds and out of gold since October, a trend that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bank’s quantitative strategists including Nikolaos Panigirtzoglou.

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

90’s: “we need to have an internet strategy” 

2003: “we need to have a China strategy” 

2010: “we need to have a social media strategy” 

now: “we need to have a crypto strategy” 

Polkastarter announces they’re going live December 15th — Get your space suits ready. 

One of Europe’s oldest banks, Bankhaus von der Heydt, has launched a fully regulated Euro stablecoin that is backed 100% by Euros.

In a surprising move, the stablecoin is built on Stellar rather than a custom blockchain.

XLM is up over 100% in the last 30 days. 

If you’re not in crypto and looking to get in, you should be building positions during these dips imo. 

MicroStrategy just bought $50 million worth of BTC at $19,400 average. 

I’d be surprised if we see $14,000 and I’d be shocked if we ever see anything around $10,000. 

Looks like a whale is about to dump BTC. 4,500 bitcoins transferred from unknown wallet to coinbase and 4,103 bitcoins transferred from unknown wallet to Bitstamp. 

Putting 20% back in USDT. 

Insurance giant Mass Mutual buys $100 Million of Bitcoin

This isn't for their cash reserve, it's for the firm's general investment account.

There is bullish news everywhere. I remember when it was a big deal when one story like this broke. Now there’s one everyday. 

https://www.wsj.com/articles/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800

I am incapable of staying in Tether 

BTC 

DOT 

POLS

LUNA 

ATOM