A trade with unlimited upside with limited downside:
Short Bitcoin.
Long currently not profitable Bitcoin miner.
The short Bitcoin position has a linear PnL profile while the not profitable Bitcoin miner has a convex PnL profile.
The downside to this trade is the liquidity of the…
Buying a profitable Bitcoin Miner is like buying a perpetual ITM Call option on Bitcoin.
Buying a Bitcoin Miner that isn't profitable is like a buying a perpetual OTM Call option on Bitcoin.
Buying more MSTR at these levels and a mix of the newest, most profitable miners and…
Captain obvious over here, I know - the reason valuing BTCTCs is so difficult is because they need to be valued by their future “bitcoin-as-cash flows.”
Only ever look at the price of MSTR in Bitcoin and not in USD.
This is the way.
I’m starting to think this group should have a quiz that people would have to pass before they can join.
DARK POOLS - learn it - it’ll cure the contagious flu going around this group, “ATM-Whining-A-Flu.”
3 levels of explanations to help meet you where you’re at, generated by…
Watching MSTR stay around $400 while watching BTC get near ATHs has been like having the town bicycle give me a lap dance while knowing all my friends got to bang 😭
The only thing worse than seeing how little bitcoin MSTR bought this past week was waking up every morning and remembering that I live in Canada.
Please @saylor buy WAY more this week.
I need to offset my disdain for my country with MSTR's growth in ₿/share.
Am I drunk at 3:30AM? Yes. Does it matter? No. Am I having fun? Yes. Does it matter? Only to me... right now... and to when I have a headache in 4 hours when I wake up...
Is anyone else here wondering if Apple also didn't sell any iPhones 2-3 weeks after launch?
Or is the idea that STRC will get to at least $101 before MSTR hits the STRC ATM?
Disagreement is the fuel for outsized returns. Even though MSTR’s earnings call has been wildly positive, you can see plenty of FUD about MSTR.
Thank you, it’s only confirmation of how early the bulls are.
🟩☝️
I wonder how much credit @saylor and @Strategy will be given when the next would-be Bitcoin bear market is significantly smaller in magnitude and shorter in duration when compared to the bear markets of Bitcoin’s past cycles 🤔
I own ₿ in cold storage and continue to add to it.
I mine ₿ in order to grow my cold storage stack via the ₿ cost of production.
I own MSTR in order to grow my ₿ stack via the opportunities afforded via capital markets in tax advantaged investment accounts.
An expanding MNAV…
1K Followers 3K FollowingMSTR is the perpetual money tree. I sell MSTR 104 Covered Calls to buy Bitcoin, MSTR, and MTPLF. Aut viam inveniam aut faciam.
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Bitcoiner.
Video creator. Sh*tcoin hater.
Financial entertainment, not advice.
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Bond Portfolio Analysis
Government Desk - Long Bond Trader
Derivatives - Short-Dated Options Trading (Head)
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