Not Even Close: Thoughts on Bitcoin and Microstrategy
Last week, I said: Bitcoin: The (Temporary) Top is In. When I wrote that, Bitcoin was trading at around $47,000 USD. Bitcoin hit just under $52,900 USD on Thursday. Apparently, the top was not in....
View ArticleBitcoin: Sideways, Then Up or Down
Here’s the current Bitcoin chart, with the uptrend channel starting in mid-October: As I write this at 7:00 am on Saturday, Bitcoin is just over USD 51,000, exactly where it traded on Wednesday. The...
View ArticleHow NOT to do covered writes on MSTR – MicroStrategy
I have no idea what will happen, but here’s how I’m playing it: As I noted last week in my post two weeks ago, Not Even Close: Thoughts on Bitcoin and Microstrategy, I own a small MSTR – Microstrategy...
View ArticleBitcoin and Microstrategy: My Unbounded Idiocy
The saga continues. As I reported last week in How NOT to do covered writes on MSTR – MicroStrategy, I own MicroStrategy, and to “juice” my returns I’ve done covered writes (selling out of the money...
View ArticleMicrostrategy – The MSTR Story Continues
Let me bring you up to speed: I wanted a leveraged, highly risky way to play the Bitcoin pump, so I bought MSTR – Microstrategy Inc. I’m not completely crazy, so I decided to mitigate the risk by...
View ArticleHave we learned anything yet?
No. I haven’t learned anything yet. During the rocket ride up for MSTR – Microstrategy Inc. I sold covered calls, significantly reducing my potential profits. Then, from March 15 to March 19 MSTR...
View ArticleMicrostrategy: Are the shorts winning?
This week, yes, the shorts one. On Thursday, Kerrisdale Capital Management issued a report recommending a short sale of Microstrategy. Their thesis is simple: as of March 18, 2024 Microstrategy owns...
View ArticleAnd Now We Wait
As I write this at 7:00 a.m. on Saturday, Bitcoin is exactly flat. It is hanging around some key technical levels. It’s not breaking down, not breaking out, just hanging around. The uptrend line that...
View ArticleLabour
I’ll keep this short this week because not much is happening. Bitcoin is in a holding pattern ahead of next week’s “halving,” which may or may not be a significant short-term price driver. Gold is up,...
View ArticleThe Anticlimactic Bitcoin Halving
Every Bitcoin podcast for the last few months has endlessly discussed the impact of Bitcoin halving. Understandably, it’s an important event. Unlike fiat currency, Bitcoin has a limited supply,...
View Article
