Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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Forwarded from Meta
👍4
ruh roh!
ill be disappointed if hype doesn't fill the wick this cycle
😁6
some stats to think about when you're complaining
Crypto Mumbles
https://thewokesalaryman.com/2019/06/07/the-most-important-things-i-had-to-do-to-save-100000-before-i-turned-30-in-singapore/
i remember reading this piece back in 2019 when i was still a broke student

i was super amazed and so were the bulk of readers

it seemed and IS still such an amazing feat and is considered unachievable for many

100k by 30
🔥9
probably one of the pieces that triggered something in me

and ever since i never stopped looking for hustles to "make it"

failed plenty along the way, my friends would know

kept falling and losing money to small business ventures to a point where i was saving half my dinner for the next day's lunch by reheating food
probably why i end up being incredibly grateful for whatever opportunities and success i've had the privilege to come by

we keep learning and growing as we go along in life
👍29
i also plan to be more aggressive in taking profits on lower caps

previous wave i roundtripped a lot for no good reason other than trying to hit a 'big' one

also because of whatever i said regarding memes and dilution previously
🔥4😨2
Forwarded from Crypto Narratives
BTC treasury companies and current buying pressure :

$MSTR - obviously. Buying $2bn worth of $BTC each week. Mostly from ATM but convertible bonds (CB) too. Still has dry powder of $9bn from ATM and $18bn from CB based on the 21/21 Plan

$MARA - copied the MSTR playbook by issuing $1.85bn worth of CB since the elections. Bought $550M worth of BTC from Nov 30 to Dec 10. Still have $450M left to buy BTC.

$RIOT - followed same strategy, just announced that they raised $525M worth of CB and will use it to purchase BTC.

$SMLR - not a mining company but it pivoted to a BTC treasury strategy, they are waaay smaller and acquired $30M of BTC from Nov 24 to Dec 4 with ATM.

Metaplanet - a Japanese company that is copying Microstrategy. They are very small and hold just above $100M of BTC.

Other mining companies ? - MARA and RIOT strategy could push other miners to follow the same playbook, for example Hut 8 or CleanSpark, which both hold around $1bn worth of BTC. Hut 8 announced an ATM a week ago and wrote that they don't exclude "the purchase of Bitcoin as a strategic reserve asset" among the uses of the proceeds of the sales. Some people are speculating that CleanSpark will issue a CB too.
Forwarded from Crypto Narratives
Crypto Narratives
BTC treasury companies and current buying pressure : $MSTR - obviously. Buying $2bn worth of $BTC each week. Mostly from ATM but convertible bonds (CB) too. Still has dry powder of $9bn from ATM and $18bn from CB based on the 21/21 Plan $MARA - copied the…
TLDR :

- MSTR is aping $2bn / week into BTC
- MARA still has around $500M left for BTC buying
- RIOT still has around $500M left

What would be even more bullish would be that other companies (HUT8, CLSK?) announce a convertible bond offering too.
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approximately 10x on virtual so far

higher while i keep farting