I agree with you on the joneses. It can be very spiritually damaging to one’s ego. I feel pretty good when I sit in my Ferrari. The leather, the engine sound, the weird Italian engineering, and most importantly what the car means to me.
So, every time bitcoin goes up $2500, mstr goes up by about $100/share. $25k upmove, puts mstr north of $2,200/share Big girl math is easy
Because mstr owns a lot of bitcoins and continues to buy more Let's wait and see if this price action vis a vis btc continues. We don't have long to wait
Hmmm So if bitcoin drops 2500 mstr loses 100 a share.... So simple bitch math Bitcoin drops to 25000 62000-25,000 equals 37000 37000/2500 = 14.8 14.8 x 100 ...about 1480 So mstr would be at 0 or like a few bucks !!
My nick is misleading, I wouldn't know how to arb this PA, nor do I wish to. I'm a directional short term trader At $15k/btc mstr price was about $100 with many saying it was on the way to BK It's not linear on the downside, nor do I believe it's linear on the upside. I'd imagine fomo and veblen effect will cause an accelerated price upwards movement as mstr goes higher than $1,500/share Let's wait and see
you short Mstr and buy bitcoin. eventually the market has to resolve. the problem is that the market can stay irrational for a long time (like it did with the discount of the greyscale trusts)