Reply With Quotehttps://metaverse.sothebys.com/lfc
Liverpool and Sotherbys working together to get into the NFT scene..
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Who is short then
https://metaverse.sothebys.com/lfc
Liverpool and Sotherbys working together to get into the NFT scene..
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I am.Originally Posted by Daveya.
Someone who lies about the little things will lie about the big things too.
How long you giving it ?
Answered it yesterday.
Can't really say.
I am playing small positions here, less than one BTC. Will sell more if we have a peek above $50k. Not willing to lose too much - as Davey has correctly said no way applying valuations, so looking at how the price develops.
Will post if and when I close, either in profit or loss. I usually try and cut losses early and let profits run, but that is oftentimes easier said than done.
Someone who lies about the little things will lie about the big things too.
It would appear from the latest Form 8-K to emerge from Tysons Corner, along with the accompanying press release, that Micro/MacroStrategy have got their hands on some fresh moola.
Is this kind of tortuous financial agreement common, or does it suggest that Michael et al are beginning to struggle with borrowing money in a more conventional manner?
On March 23, 2022 (the “Closing Date”), MacroStrategy LLC (the “Borrower” or “MacroStrategy”), a wholly-owned subsidiary of MicroStrategy Incorporated (the “Company” or “MicroStrategy”), entered into a Credit and Security Agreement (the “Agreement”) with Silvergate Bank (the “Lender”) pursuant to which the Lender issued a $205.0 million term loan (the “Loan”) to the Borrower.
The net proceeds from the Loan were approximately $204.7 million after deducting closing fees and expenses payable by MacroStrategy. Under the terms of the Agreement, MacroStrategy will use the Loan proceeds (i) to purchase bitcoins, (ii) to pay fees, interest, and expenses related to the Loan transaction, or (iii) for MacroStrategy’s or the Company’s general corporate purposes. The Loan matures on March 23, 2025, and bears interest at a floating rate equal to the Secured Overnight Financing Rate 30 Day Average as published by the Federal Reserve Bank of New York’s website (0.099% as of the Closing Date) plus 3.70%, with a floor of 3.75%. The Borrower is required to pay interest on the Loan monthly in arrears, with the full principal balance due at maturity. The Loan may be prepaid at any time, subject to prepayment
premiums of 0.50% and 0.25% of the Loan amount prepaid for prepayments during years one and two of the Loan term, respectively.
In accordance with the terms of the Agreement, the Loan was collateralized at closing by bitcoin with a value of approximately $820.0 million placed in a collateral account with a custodian mutually authorized by the Lender and the Borrower (the “Bitcoin Account”). While the Loan is outstanding, the Borrower is required to maintain a Loan to collateral value ratio (“LTV Ratio”) of 50% or less, which would amount to at least $410.0 million worth of bitcoin being required to be held in such account assuming the full $205.0 million of Loan principal remains outstanding. If the price of bitcoin drops such that the LTV Ratio exceeds 50%, the Borrower is required to either deposit additional bitcoin in the Bitcoin Account or prepay a portion of the Loan such that the LTV Ratio is reduced to 25% or less (or 35% or less, provided that in such case the interest rate on the Loan will be increased by 25 basis points until such time as the LTV Ratio is reduced to 25% or less). If at any time the LTV Ratio is less than 25% as a result of excess collateral in the Bitcoin Account, the Borrower is entitled to a return of such excess collateral so long as the LTV Ratio would not exceed 25% after giving effect to such return. Separate and apart from the requirements associated with the LTV Ratio, the Borrower established a $5.0 million cash reserve account (the “Reserve Account”) with the Lender to serve as additional collateral for the Loan. The Borrower is required to maintain at least $5.0 million in the Reserve Account until the last six months of the Loan term, at which time funds in the Reserve Account may be used to make interest payments on the Loan at the Borrower’s request, with the amount required to be held in the Reserve Account correspondingly reduced to the extent such payments are made. The collateral for the Loan does not extend beyond assets in the Bitcoin Account and the Reserve Account.
How is it going with the mother of all purchase orders?
It's really getting comical with all these desperate pumps.
Someone who lies about the little things will lie about the big things too.
You can follow the purchases on-chain. Shouldn't be hard for a detective like you ;)
Well done with your 6% gains.
Pays the expenses for this month....
Someone who lies about the little things will lie about the big things too.
Good work Raffe!
Yeah nice one, when is the next pump
Haha that's awesome! Crypto rewards people in all market conditions.
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Soon enough.
Someone who lies about the little things will lie about the big things too.
Good, I cashed in my profits* for new shock absorbers , need more pumps
*Actually reduced losses but I reset my books on Jan 1 so technically profits this year
All markets reward people in all conditions if you are on the right side of the trade ... nothing special about crypto I'm afraid ...
No doubt.. even in watches. Just saying the obvious I guess!
Only Bitcoin can save us
Says Reddit
https://www.reddit.com/r/Bitcoin/com...m_source=share
This is proper hilarious. Twitter has already been full of this nonsense, it's only about butter going from Euro 1.99 to Euro 2.19 at Aldi.
Bitcoin solves this, apparently.
Someone who lies about the little things will lie about the big things too.
Right, I'm sticking with Waitrose
https://twitter.com/hmtreasury/statu...71092072079360
Hmmmm...
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https://www.gov.uk/government/news/g...technology-hub
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I have yet to properly understand what the point of a stable coin is apart from easing transactions on exchanges and giving exchanges the ability to print their own money.
What would the point of a UK government issue stable coin pegged to the GBP - isn't that what a GBP already is?
It’ll never catch on, this crypto nonsense…
There is no other point if you are serious about the stable coin. Unless you are creating a funny unbacked asset in order to defraud the lemmings, but who would do that?
Uncertain, but not complete nonsense as long as it's backed by real GBPs in escrow - which would make it a real stablecoin rather than, well you know what.
Someone who lies about the little things will lie about the big things too.
IKR.. going to zero.
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Increasing my BTC short position at $43,915
Someone who lies about the little things will lie about the big things too.
T'was only a question of time:
https://intl.startrek.com/news/first...h-star-trek-on
Someone who lies about the little things will lie about the big things too.
u a trekkie? many many brands have hopped on the NFT scene now.
No I'm not a trekkie. Only observing how the every man and their dog jump on the trend.
Someone who lies about the little things will lie about the big things too.
U a Trekkie though, what a question
well its not a surprise when so much money is to be made in the NFT craze atm. Not quite every man and their dog just yet, but need to be very careful if anyone is entering now looking to join in. Pretty much 99% will end up as zero.
Fully agree.
Someone who lies about the little things will lie about the big things too.
Let's be clear here. You're talking about tokens not t-shirts, right?
Nazi says what?
https://archive.ph/Y5lzW
Someone who lies about the little things will lie about the big things too.
#notacult
Someone who lies about the little things will lie about the big things too.
How did it go? market seems as volatile as ever at the moment!
Nothing spectacular do far.
I sold just under $48k and then again just under $44k, average is $45,910.
Trading at $42,500 now, so a small profit but position remains open.
Someone who lies about the little things will lie about the big things too.
By my calculations the 4,167 BTC that he/MicroStrategy announced the purchase of earlier in the week are currently standing $3K+ down apiece, whilst the monthly interest being paid for the cash to fund them has already increased. Early (short term) days I know, however hardly a dream start. I can feel a chart coming on.
Perfect
How is the buy order progressing? I probably close my short when they are done buying.
Someone who lies about the little things will lie about the big things too.
They have pretty much stopped buying since you shorted too. Think they noticed your genius move and got outta the way. Enjoy the meal ser.
Understandable.
Someone who lies about the little things will lie about the big things too.
‘Impulsive psychopaths like crypto’: research shows how ‘dark’ personality traits affect Bitcoin enthusiasm
https://theconversation.com/impulsiv...husiasm-180782
Which one(s) do you display?
I see plenty of conspiracy and fomo in this thread.
Apparently bitcoin fixes this.
Someone who lies about the little things will lie about the big things too.
I see all of the above on this thread, this forum in general, and life
Lol that's great
Market cant make its mind up!! Still....waayyy down from this time last year!!
I transferred a fairly significant amount of Bitcoin to another wallet a few days ago, in two separate transactions. Time taken: 4 minutes. Cost: $1.60
No external parties or permissions required. This technology still leaves me astounded to be honest
I transferred one small and one larger amount from my account to two separate other accounts yesterday. Time taken: a minute or so. Cost: zilch.
Honestly, I am not even surprised as this has worked the same for well over ten years.
Someone who lies about the little things will lie about the big things too.
Yeah but my wallet is with me the other one could be anywhere in the world. Also, if either your bank or the recipient bank had decided for any reason not to carry out your instructions the transfer would not have completed
You are completely at their mercy. I had no such worries
Whilst I accept your views on the value of Bitcoin, the value in the technology is astounding
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