"The $4.68 billion Bitcoin position, the struggle of WeStrategy to make back the investment"

每日前瞻 · 2023-10-23T12:14:55.000Z

10.23 Daily Preview Today, let’s talk about MicroStrategy, a long-term stock that never does anything good every time it replenishes its stock. As the pie reaches 30,000, MicroStrategy’s positions have made a long-awaited and rare return and have become profitable. Statistics show that as of September 24 this year, MicroStrategy, a super masonry player who has been buying and buying, has unknowingly accumulated a full 158,245 BTC, valued at US$30,000, reaching an astonishing US$4.68 billion. What is the concept of 150,000 bits? It is equivalent to the amount of the Mentougou incident, the position of a quarter of Grayscale, and several times the peak position of Tesla. You know, when the market is stagnant, tens of thousands of bits transferred to the exchange can create small holes and waterfalls, not to mention the position-holding work of Wei Strategy. Therefore, although Brother Wei Ce has often been jokingly called a big leek or a super backlash since the beginning of the bear market, I often keep a few words in mind at most and don't really dare to participate in such ridicule on Twitter. Sometimes I am really afraid that one day his mentality will suddenly collapse. After all, Brother Wei Ce is not the old OG who saw too many storms in 11 and 13 years. He entered the circle relatively late, and his confidence in the crypto world fluctuates with the price. And change is understandable. Many times it is the same for institutions or individuals. When the market is weak and the market as a whole is uncomfortable, it is really hard to hold on for a while, fearing that the confidence will disappear every minute. In that case, as soon as the mentality collapses, the operation will be reversed directly. There are only three words left - grass, scam. (I don’t know if Tesla ever scolded Shit when it cleared 75% of its positions.) Having said that, Wei Ce’s road to getting back its capital is actually quite long and full of twists and turns. The initial cost is not low, and it is a process of continuously adding positions in the future. The talents are gradually evened out. And it was only after the recent low-level replenishment (I didn’t buy much, and I felt like I couldn’t buy it anymore) that the cost dropped to below US$30,000 on average (the average price was US$29,582). If you are a friend with trading experience, whether in the spot or futures market, you should remember one sentence: as long as the position is not closed and pocketed, the numbers you see can only be counted as floating profits. For Brother Wei Ce, it can only be regarded as a short-term honeymoon period. Although according to his nature, he will not sell immediately after returning the capital, but from the perspective of his mentality, this time he can maintain How long the floating profit lasts is really critical. If the floating loss occurs again and cannot be relieved for a long time, I think his belief will be greatly challenged. I do not rule out that he will never buy it again, or there will be other comments about fans turning negative, especially In the past one or two years, soon after MicroStrategy made a floating profit, the currency circle encountered various unfavorable events, causing WeiStrength's floating profit to turn into floating loss again, which was poisonous like being possessed by an evil spirit.In summary, I hope that with the cooperation of many parties (mainly ETFs during the year), Brother Wei Ce can have a wonderful Christmas this time

10.23 Daily Outlook
Today, let’s talk about MicroStrategy, a die-hard bull that never gets good things done every time it restocks. As Bitcoin hits $30,000, MicroStrategy’s holdings have made a long-awaited and rare return and are making a profit. Statistics show that as of September 24 this year, MicroStrategy, a super masonry player who has been buying and buying, has accumulated a total of 158,245 BTC without realizing it, which, at a price of $30,000, amounts to a staggering $4.68 billion.
What does 150,000 bitcoins mean? It is equivalent to the amount of a Mentougou incident, a quarter of Grayscale's holdings, and several times the peak holdings of Tesla. You know, when the market is stagnant, thousands or tens of thousands of bitcoins transferred to the exchange can create a small hole or waterfall, let alone what MicroStrategy can do with this amount of holdings.
Therefore, although WeCare has often been called a big leek or a super counter-attack since the bear market began, I often just say a few words in my heart and don't really dare to participate in such ridicule on Twitter. Sometimes I am really afraid that his mentality will suddenly collapse one day. After all, WeCare is not the old OG who saw too many ups and downs in 2011 and 2013. He entered the circle relatively late, and it is understandable that his confidence in the crypto world changes with price fluctuations.
Many times, it is the same for institutions or individuals. When the market is weak and the overall market is uncomfortable, they really hold on with one breath, and they are afraid that their confidence will be gone at any minute. In that case, once their mentality collapses, their operations will be reversed directly, and there will only be three words left in their heads - shit, scam. (I don’t know if Tesla cursed when it liquidated 75% of its positions)
In other words, the road to recovering the investment of MicroStrategy is actually quite long and full of twists and turns. The initial cost was not low, and it was gradually spread out in the process of continuous increase in positions. And it was not until the recent few low-level replenishment (not much was bought, and it felt like it could not be bought) that the average cost was reduced to less than US$30,000 (average price US$29,582).
If you have trading experience, whether in the spot or futures market, you should remember one sentence: as long as you don’t close your position and pocket the profit, the numbers you see can only be counted as floating profits. For WeCare, it can only be regarded as a short floating profit honeymoon period. Although according to his nature, he will not sell immediately after recovering his investment, but from the perspective of his mentality, how long he can maintain the floating profit this time is really critical. If he suffers floating losses again and it takes a long time to recover, I think his beliefs will be greatly challenged. It is not ruled out that he will never buy again, or there will be other comments from fans to haters, especially in the past one or two years, every time WeCare made a floating profit, not long after, the currency circle encountered various unfavorable events, causing WeCare’s floating profit to turn into a floating loss again, poisonous like being possessed by evil spirits.
In summary, I hope that with the cooperation of many parties (mainly ETFs within the year), Brother WeStrategy can have a wonderful Christmas.