Haha totally agree. Who the heck is Kerrisdale Capital anyway? Bet they miss out on buying into MSTR and want to create such sensational news and opportunities for their panel of investors to load up before the bull run. Never take their words seriousl. They are just trying to move the market to theie benefit. [Happy] [Miser] [Cool] //@SPACE ROCKET: Totally absurd and lame lol. How can you long bitcoin and short MicroStrategy when $MicroStrategy(MSTR)$ have the largest moat of Bitcoins. Totally ironic. When Bitcoin skyrockets, so will the balances of MSTR and its market cap. Kerrisdale thinks he is smart, but the lights are obviously on a
All eyes on $Marathon Digital Holdings Inc(MARA)$ too. MARA did something yesterday to REDUCE share dilution to its shareholders, though many do not see it and are just making loud noises. In buying back the old notes (with interest), and taking on new ones (with 0 interest), MARA essentially gets free money (till after 2032) to aggressively grow their BTC treasury. MARA has added 8000 BTC alone this week, and this BTC will be worth much more before 2032 even. Extra bullish. From a technical point of view, MARA's 50, 100 and 200 weekly moving averages are providing a ton of support and so I remain rather bullish on MARA. I expect to see MARA reclaim the $25-$30 region in the months to come, especially at
Market is just irrational, what to do. Just look at $Tesla Motors(TSLA)$ lol, totally makes no sense. We all know Elon over promises lol. Few years down the road, the cheaper cars that he promised may not even happen lol. Not forgetting if Elon can make cheaper cars, so can other car companies. Other companies can also make cheaper EV cars. Pure lame lol.
I'd prefer to invest in the darling of Wall Street TBH. $NVIDIA(NVDA)$ Will AMD overtake NVDA's biz? Not in the near future. So NVDA is my go to. Not AMD at this point, sorry. I'd even prefer TSM. @LULU ROCKET @BABY SPACEROCK
🙉🙊🙈 WILL WALL STREET CLOSE LOWER TONIGHT? 🙉🙊🙈 Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week. Fed Chairman Jerome Powell on Wednesday maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank’s 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 58.5% likelihood of a cut at the Federal Reserve’s June meeting, down from about 70% last week, according to the CME FedWatch Tool. "I don't think that the Fed really has any reason to cut rates. The economy is so strong and we still have not beaten inflation yet," said Larry Tentar
Agree. There is just too much uncertainty in the crypto space these days and it's just not worth the risk. The Bitcoin halving event anticipation has already been priced in, which means I don't expect a drastic hike in price of Bircoin when it halves next week. In fact, if you guys recall, price of Bitcoin and crypto related stocks plunged on the day of Bitcoin Spot ETFs approval. Thanks to outflow from $Grayscale Bitcoin Trust(GBTC)$ . From Jan till now, outflows from Grayscale caused Bitcoin's price to drop TWICE. And it may happen a third time. Note that Grayscale transfered 6200 Bitcoins worth $434mil to Coinbase recently, sparking speculations that they are ready to sell Bitcoin, potentially impacting market prices of Bit
@SPACE ROCKET:Lols $Coinbase Global, Inc.(COIN)$ is trying too hard lolol 🚩🚩🚩 No point announcing 'good news' one after another these days when Wall Street is BLEEDING RED. It's all FLUFF. Smarter and more discerning investors would avoid buying in and getting caught in the sudden sell-offs and quick reversal. For those who FOMO and got in, GET OUT when you can!! 😆 🤣 FOMO Bulls are just trying their luck lol. Once COIN hits $255-$265, even the bulls will sell off and the BEARS will START ROMPING IN . 🐻🐻🐻🐻 Cathie Wood forsees this trend too. Thus, it comes as no surprise that she has been unloading COIN shares over these 2 days when COIN reaches its 'peak'. The upside to $280 is minimal and