These HY accounts are NOT savings accounts. You are becoming a crypto margin lender by depositing into these accounts, subject to counterparty risk in a highly volatile asset class, often with unclear/unsound counterparty risk assessment standards. (2/2)
Some #crypto brokerages going bankrupt, Voyager a recent example. To provide high yields, brokerages enter risky loans, often without adequate capitalization/safeguards. (1/2)
@TriCapCapital Downturn could be the catalyst for a cyclical shift from talent flowing away from high growth early-stage companies (lower liquid comp/high (hopeful) equity upside) back to more mature companies (high relatively stable incomes)
Ho hum...Im now looking for cash in the sofa cushions to add. Feels awful out there, but this is the nature of a 65 vol + asset class. Quite the day... wonder if risk spills into other markets?
Did you really think there was not going to be at least one terrifying, its all over kinda dip this run?
Like we were just gonna get to 100k without a moment where you just have to make a bet that's a hard scary ass decision.
Please.
MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTR
https://t.co/fU6LN4WbKI
#bitcoin relative strength index (RSI): we are at the typical mid-bull-cycle drop in RSI (yellow circles), in between 2013 and 2017. Excited about next couple of months.
BREAKING: Michael Saylor and MicroStrategy just announced that they bought $15 million more of bitcoin.
@michael_saylor not only has strong hands, but he knows to buy the dip!
MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin. As of 5/13/2021, we #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. $MSTR
https://t.co/EwZnRkAt6k