How fucked are they?
How fucked are they?
Jeremiah Powell
Kayden Martin
doesn't he get liquidated at 21k
Zachary Reyes
How much do we need to sell to liquidate him?
Owen Cooper
Fucked
Aiden Jones
Why didn't he buy when bitcoin was a couple hundred bucks a coin? He was a doubter. He gets what he deserves.
Sebastian Ortiz
Sort of wonder if we're not going to see this kind of thing:
investopedia.com
LTCM was also happening with a background of grave world events - 1997 Asian Economic Crisis, Russian default, etc.
Andrew Wood
Saylor is a FUCKING genius. Buying at the top was the best decision he ever made. He controls those coins now you see? It doesn't matter what price his company bought the coins at. Do you see where I am going here? When BTC hits 20K and his coins get margin called there will be a ripple effect across all of crypto. what do you think that will do the price? It will drop, it will drop hard and it will drop fast. Who do you think will be there to slurp up those cheapies when the market crashes? You guessed it, Saylor will slurp his own dip at prices slow low you wouldn't even believe it if I told you. Then he will have truly made it.
Justin Reyes
More than 2000 employees will have no job soon because their boomer boss bought into a zoomer pump n dump scheme. Lmao.
Christopher Murphy
~3k is what they (microstragedy) said themselves
Ian Long
Sometimes I think Im dumb for putting 5k into Bitcoin
This retard just put 3 billions
Mason Rodriguez
Not as fucked as tesla
Jason Baker
The real number is 21k not 3k.
>MicroStrategy’s CFO Phong Le explained in the company’s first-quarter earnings call on Tuesday that if Bitcoin’s price falls below $21,000, or around 50% from current levels, it will be forced to pony up more cryptocurrency to back its $205 million Bitcoin-collateralized loan with Silvergate Bank that was used to buy Bitcoin in the first place.
>“We took out the loan at a 25% LTV; the margin call occurs at 50% LTV,” Le said. “So essentially, Bitcoin needs to cut in half, or around $21,000, before we’d have a margin call.”
fortune.com
So within reach bros.
Gavin Campbell
Ok hol up
Mason Evans
That's a fraction of everything they have though
Matthew Lee
Holy shit that would be fucking epic
How much is a 4 billion dollar explosion worth?
It would dump the price to 15 easily lol
Luke Turner
man and palantir just bought gold
Daniel Smith
Dumping to 21k will require social energy in the orders-of-magnitude. It's not the same as thinking it's 'just' another 4-5k down from here. The closer you approach zero on a bluechip asset, the harder it takes and more volume it requires in order to shift. Same on the way up
Lucas Kelly
>when my amazons choice time machine arrives to take me back to 1992 i'm going to make saylor do the mcdonalds wagie dance for my birthday. he'll bring me a bunch of balloons and my burger and i'll tell him to buy bitcoin, i'll tell him "there is no second best"
Asher Ortiz
Almost makes me want to sell just to see it happen lmao
But the thing is they have uncollateriszed btc as well they can still simply add that as collateral if btc goes to 21k or lower
David Morris
But with Celsius blown up they might get angsty activist shareholders calling for a full position unwind...
Justin Ortiz
>saylortracker.com
why would be be fucked, surely he isn't using leverage?
Zachary Scott
He is using leverage:
Daniel Collins
ok this board is beyond reddit tier, this is straight up brown/black skin tier.