MicroStrategy Buys Another $15 Million Of Bitcoin - I Am Buying $CUB

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The company now holds 91,326 Bitcoins, bought at an average price of $24,214 per BTC.

It appears that MicroStrategy just can't stop buying BTC, as the company announced that they have bought another 262 BTC at an average price of $57,146 per BTC. It seems that MicroStrategy Founder & CEO Michael Saylor just can't get enough, and it looks like 21 million BTC tokens are just not enough for all the big players joining in to claim a piece of the pie.

The best part is that this is only the beginning, so I can't even imagine how expensive BTC will be say 2 halving events down the road, with all those sharks removing liquidity from exchanges violently. Things are getting crazy and Q2 hasn't even started yet. 2021 is already proving to be a spectacular year for crypto, so sit tight and enjoy the ride.

It is worth noting that the firm's total Bitcoin holdings are equal to approximately $5.1 billion, which basically means MicroStrategy has doubled up its investment, as it has paid roughly $2.2 billion to acquire those 91.3k Bitcoins. Not bad at all, and I can't even begin to imagine what those numbers will look like at the end of Q4.

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The company's share price is currently recovering from a month-long downturn following the recent announcement, and there's probably more to come considering that more and more powerful players are getting interested in the crypto game as the days go by. And that's because the company has been making headlines with those massive BTC purchases.

MicroStrategy stands a great chance of multiplying its net worth within the next few years, and more investors are waking up to this fact as we speak. In the meanwhile, Michael Saylor is acting like he is on a mission to buy all the Bitcoins he can get his hands on, and keeps making Bitcoin noise on Twitter and Youtube.

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It feels like there's not enough Bitcoin for everyone these days, and considering the fact that as the years go by more and more BTC tokens are permanently lost, I think it's safe to say that soon enough BTC will be scarcer than expected. 0.01 BTC may be enough to completely transform your life in the not so distant future.

As I have said before, Bitcoin's monthly liquid supply net change has been in the red for an extended period of time according to data provided by Glassnode, and this is the first time it happens. I do realize that nobody really knows what the future has in store for BTC, however I can't help but think it will have exploded two halving events down the road. Supply and demand.

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Bitcoin is currently swinging around the $56.7k mark, which represents a decrease of 0.2% over the last 24 hours. Sell walls on Binance's BTC/USDT are moving North for now, so it could easily hit the $58k mark within the next twelve hours. However this is by no means financial advice, as nobody really knows what's next.

Price movement is described by a complex function with a number of parameters we really have no way of knowing. In other words, it's literally impossible to predict what will happen in the long run based on data accumulated from past events and observations.

However, indicators like market depth often tell the truth about the next few hours, so if you're into day trading you may be able to grab profits this way. But then again, nothing is guaranteed and it's all still too risky. I believe that holding is the safest way to make money in the crypto game as it's still in its infancy stage.

We all know how easy it can be to generate huge profits in the crypto game by joining new hot projects and taking advantage of an early lead, speaking of which, CubDeFi is here and offers a great opportunity to enjoy some insane APRs now that it's been around for less than 5 days.

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There are plenty of rather informative posts about @leofinance's newly launched gem, but if you're looking for the details, here's where you can find the answers to your questions about cubdefi.com. I'd buy some $CUB and start farming more if I were you, but you know, always DYOR and stuff.

CubFinance is an extension of the LeoFinance project. LeoFinance is a blockchain-based social finance community that has been building applications on a variety of platforms and blockchains since July 2019.

Source: docs.cubdefi.com

The first ever cross-chain hybrid claimdrop happened less than 48 hours ago, and I was given 2.82 $CUB for my ~580 LEO Power staked during the snapshot that took place a few days prior to the airdrop. Now, as you can imagine that's not enough, so I decided to throw in 1.5 BNB and bought me some more CUB.

The APRs are insane and the hype around the project was reason enough to make me FOMO and throw in real money, and I'm planning to keep adding some to my stack. Compounding interest is sweet, and I'm becoming addicted to it, not gonna lie. My $CUBs are currently working tirelessly to make me more money. Cute babies.

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What do I expect from CUB? Nothing in particular, for now I am just looking to get my hands on as much as possible. I really hope the project doesn't take off before Q3 so I can improve my position, but I will still be happy if it pumps tomorrow regardless.

I also want to throw more fiat money into LEO and HIVE with all the progress being made and all that's being built on the network. @khaleelkazi is on a mission to help us achieve an early retirement or something, and my FOMO is getting worse as the minutes go by. I may have to rob a bank or something, and this is definitely not financial advice!

Anyway, I will take the time to write more about cubdefi.com and why it will inevitably blow up in a follow-up post. Now excuse me as I have to go find more money to invest in CUB, LEO and HIVE while I still can. I heard there's a storm coming that the weatherman couldn't predict. Stack and stake as much as you can.


Thank you for your attention

Alright guys, that's it for now. Thank you for taking the time to read those lines.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo


Image Sources: 1, 2, 3, 4, 5, 6, 7

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it really does seem like Microstrategy's aim is to create BTC scarcity. it makes sense, and the ramifications are a little scary....

i'm politely ignoring CUB for now, as i cannot enter. it is a cute little lion, playing with all its new friends. have fun, little CUB!

enjoy, lordneroo!

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I don't think that's his plan. I think he just sees it as at least a 10-15x from here vs his "cash" losing 25-50% of its value over the next couple years. Kind of a no-brainer when you look at it that way. He has always said that they're going to "sweep" their cash into Bitcoin each month. So whatever they pull in from the software business, they turn around and use to buy bitcoin. I expect you'll see these announcements every month for quite a while. At least until the bull run ends. And maybe even after that in preperation for the next one.

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that makes sense, but then it's also creating scarcity, and that seems intentional. the more investment into BTC, the more necessity for it to remain at an elevated price point, until it makes more sense for Microstrategy to convert back to fiat...

their buying (institutional buying in general) and holding is creating the "store of value", by fiat if you will. the only way to maintain that value is to keep buying or to never sell, but they are not in the market to use a crippled payment method instead of USD, so they sell eventually, and we crash, and people hate crypto and say we are frauds.

holding BTC as a hedge makes it deflationary, but it also limits its value, except as viewed by others interested in it speculatively. it becomes less and less connected to real value, and sort of mimics all the traditional asset systems financial types know and love.

gold you can use for so many other things. BTC sitting in an address is burning resources. i won't speak on shorting loaned assets.

so i understand the strategy involved, but i do not like it, i think it's damaging to crypto, even if it can benefit me in the process.

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I hear what you're saying but I still don't buy it. You gotta realize that when and if bitcoin hits $250,000 during this halving cycle, that will mean that $225M worth of newly minted bitcoin will be coming into circulation EVERY DAY. His $92M or whatever won't even eat up one days supply. The market is getting too big for individual actors to manipulate it too much. There's going to still be a lot of volatility for a few years yet but I don't think any one actor can create scarcity. Besides, "scarcity" is just basic supply and demand. It's how any market works. If more people want to buy than there are sellers than the price has to go up until the buyers and sellers equal out.

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yeah, it's never one actor or corporation that will induce the sort of scarcity i was talking about. i guess i wasn't even thinking that way really, but more Microstrategy as an example of a trend that has worrying repercussions. sorry i lost the thread a bit there.

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The Bitcoin price has had 7 straight bullish sessions.
The MACD shows increasing bullish momentum.
The Bitcoin price bounced up from the $48,000 support line and climbed to the $56,000 level in 7 straight bullish days between March 5 and March 11. So, what’s going on behind the scenes? Let’s take a closer look with technical analysis.
The MACD shows increasing bullish market momentum.
The parabolic SAR tells us that the market sentiment is reversing from negative to positive.
Another interesting thing to note for Bitcoin price is that it faces weak-to-moderate resistance barriers upfront. The most notable level is at $56,700 wherein 10,500 addresses had purchased 10,600 BTC tokens. On the downside, there are three healthy support walls at 53,000, 20-day SMA ($50,800) and $48,000.
“#Bitcoin's market value has hit a 17-day high, peaking at ~$57,350. Looking at supply on exchanges, we can see that $BTC has been fairly stable throughout these first 10 days of March. $USDT supply, however, has dropped to levels last seen 40 days ago.”
JPMorgan To Offer “Crypto Exposure Basket”
In a recent US SEC filing, JPMorgan disclosed that it has designed a new debt instrument that provides investors direct exposure to multiple crypto-focused companies. The instrument, called “JPMorgan’s Cryptocurrency Exposure Basket” is described as an “unequally weighted basket consisting of 11 Reference Stocks of U.S.-listed companies" that operate businesses, directly and indirectly, related to digital assets.
The venture allocates 20% to MicroStrategy - the data analytics firm with 91,064 BTC on its balance sheet. It also provides direct exposure to Square (18%) and Riot Blockchain (15%), two companies with significant exposure to Bitcoin. Nvidia Corporation and PayPal Holdings each account for 15% of the basket.
JPMorgan says payouts are based on how the basket of companies performs. The minimum investment is $1,000 and the maturation date is May 2022. The new product is one of many ways in which institutional investors can access the high-flying cryptocurrency market.
Bitcoin Is Expected To Reach These Levels
Bitcoin price will take down the $56,700 resistance and try to reach its all-time high level.

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The world will never be the same again. I'm glad I was able to glaze liquidity early enough at https://cubdefi.com/

Now I will just enjoy the constant growth of the numbers earned from the CUB farm

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Same here, even though I haven't invested that much, it still feels good to see money flowing in as the minutes go by.

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Woo hoo! Feeling Rich at 800k Satoshis!
I just noticed that I got 4 CUB tokens in my Hive-Engine, double Woo hoo!

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Better make sure you get those over to Cub and stake them in the den. They're only good for 7 days on the Hive Engine. Not sure what happens to them after that but I'm guessing they become worthless.

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How do I do that? Link to a How to, "Stake in the Den." please.

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Uh oh, what BSC address? Do I have a BSC address? Where can I Find it?

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(Edited)

You can get one by downloading Metamask, TrustWallet, Binance Chain Wallet etc, and connecting it to Binance Smart Chain. All the information you need is here. Read all 8 tabs below the 'Tutorials' section on the left.

https://docs.cubdefi.com/tutorials/how-to-download-and-setup-metamask

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Already have Metamask linked by an eth address, but another Wallet. Likely Binance since Wallet since I am trading a bit on Binance. Slow going, I'm not very tech savvy. Thanks.
Changr my mind, trust wallet.

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Hours and hours later....Eyes...glazing over....need sleep...mind getting foggy and confused...everything looking like..some foreign language...

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People will be fighting over 0.01 BTC in the future. HODL those sats! :)

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I cannot be in more agreement.
"0.01 BTC may be enough to completely transform your life in the not so distant future."

Now take a moment to consider there are apps on the Google Play store that deposit satoshis for popping bubbles. Not only is it insane, they don't realize what they are doing. BTC can only become scarce. Hodl those satoshis! If you can!

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The sky is the limit on all of these right now. Still so early on everything, including Bitcoin. Now is the time to be stacking those sats and filling your bags with Hive, Leo, and Cub. Don't forget, projectblank is still on the horizon. If that takes off then we may see a pretty major influx of new people coming onboard and finding out about all this place has to offer.

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Agreed, we should be doing everything possible to acquire more while we still can with all the progress being made and everything being built on the network. Even BTC looks like a good investment option; 0.01 BTC will probably be enough to completely transform one's life in the future.

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Buying BTC now is not easy for all but buying CUB is the right decision and I expect CUB to grow further.

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I hear you, but I think even 0.01 BTC (~ $590) may be enough to make a huge difference in the not so distant future.

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