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Bitcoin: Does it have a future ?
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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rwitre wrote:Today in Bitcoin. MicroStrategy Announces Pricing of Offering of Convertible Senior NotesA $NASDAQ listed company $MSTR borrowing half-a-billion to buy BTCQuote: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
MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending the identification of working capital needs and other general corporate purposes Will bitcoin end the dollar’s reign?BTC was a buy at $4000 BTC is a buy at $19000 BTC will be a buy at $50000 February 16, 2021 MicroStrategy Announced another Proposed Private Offering of $600 Million of Convertible Senior Notes Source: MSTR Press ReleaseQuote:
MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins.
BTC still a buy at $51500 Get off zero and stack those sats.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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Bitcoin approaching KES 6,000,000 anytime now. work to prosper
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Bitcoin Pares Losses After Tumbling on Elon Musk’s Price RemarksQuote:Elon Musk’s embrace of Bitcoin earlier this month week rocketed the cryptocurrency almost 50% higher to more than $58,000. His cold shoulder this weekend whipsawed the largest digital asset. linkAm glad none of you was fooolish enough to fall for the cheap analysis up here. NO ONE INDIVIDUAL OR INSTITUTION CAN CONTROL THE PRICE OF A LIQUID FINANCIAL ASSETT. NONE!!! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:mnandii wrote:For the two dimwits here, these are the two Elliott Wave Counts am working on. Scenario I  This count suggests that Bitcoin has completed wave (1) (at $9900) and had a small wave (2) retracement (composed of a combination WX and a triangle Y). At the next higher degree, wave 1 and 2 are also complete (respectively at $11,375 and $10,860). Now, this count suggests that we should expect the next leg, a wave 3 rally imediately as depicted by the rising blue trendline. My confidence in this count would continue to rise as wave 3 in Bitcoin rises strongly above $12,000, for example. I had posted this very count earlier on in this thread. Scenario II  This is the second scenario. This count suggests that we have a bigger impulsive wave (1) which completed recently at $12,050. This is the alternate count where I have been suggesting that a bigger correction below $10,000 is a possibility. That correction would take the form of an ABC and complete a bigger wave (2) retracement possibly at $6,900. In both scenarios I expect Bitcoin to rise to levels above $19,000, the previous major high. Only that one count suggests the rally should start immediately while the other suggests a more prolonged time frame. At some point price action in Bitcoin will eliminate one count count so that we remain with the other. If, for example, Bitcoin falls below $9,200, then our scenario I will be eliminated and we'll remain with scenario II as the working preferred Elliott count. It is these conundrums that the cobwebs in your heads have not managed to let you see.  But I hope now you start to get some level of understanding. Bitcoin followed scenario I Jan 4th. Bitcoin was still at $11,000 but Elliott Waves were clear that Bitcoin would rise past $19,000! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote: BITCOIN is completing a minor wave 4 at about $28,000 or slightly below. Afterwards expect another rise above and beyond $42,000. Posted on Jan 22nd. linkConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Bitcoin is in a minute wave [v]. Once complete it will rise again above $60,000 Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:Bitcoin is in a minute wave [iv]. Once complete it will rise again above $60,000  Wave [iv] in Bitcoin has most likely bottomed at $43,668. Now expecting that rise above $60,000. A rise in Bitcoin over next week above $51,912 will be confirmation that wave [iv] in deed bottomed at $43,668. B U Y ! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 ETHEREUM Expecting one final strong UP move in Ethereum to levels beyond $2030, the previous all-time high to complete wave (1) of [1]. A large correction (crash) will then ensue to likely below $1000 for wave (2). Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:mnandii wrote:Bitcoin is in a minute wave [iv]. Once complete it will rise again above $60,000 Wave [iv] in Bitcoin has most likely bottomed at $43,668. Now expecting that rise above $60,000. A rise in Bitcoin over next week above $51,912 will be confirmation that wave [iv] in deed bottomed at $43,668. B U Y ! The forecast was fulfilled. Bitcoin reached $61,537 levels! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Bitcoin: Does it have a future ?
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