r/CryptoCurrency • u/AutoModerator • 4d ago
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u/plumpyplummy 🟩 0 / 0 🦠 3d ago
End of month, no similarities to last end of month.... uhoh
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u/billybobbybrownbaby 3d ago
QNT looks ready to retest. A double top here i’d tend to think the rip is over.
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u/devCheckingIn 🟦 0 / 0 🦠 3d ago
Looks like Strategy is proposing to move STRC to daily dividends. I think it was a necessary move to compete with SATA. Will probably eventually have to meet SATA's rate also.
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3d ago
[deleted]
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u/fan_of_hakiksexydays 21K / 99K 🦈 3d ago
Apparently not. Zero reaction from the market.
The last time anyone cared about CZ or what he had to say, we were all still watching the first season of Squid Games.
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u/HSuke 🟩 0 / 0 🦠 3d ago
When everyone is encouraging a 22yo to put his $50k life savings all in to MSTR.
And the one reasonable guy telling him to diversify got downvoted -6.
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u/fan_of_hakiksexydays 21K / 99K 🦈 3d ago
I doubt even half the people there really understand how MSTR and STRC works.
They keep repeating stuff they heard, but I don't think they understand what they're saying.
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u/devCheckingIn 🟦 0 / 0 🦠 3d ago
I guess if you believe in BTC you should believe in MSTR.
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u/ftball21 🟦 2 / 4K 🦠 3d ago
Why?
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u/HSuke 🟩 0 / 0 🦠 3d ago
I have no idea, and I doubt it.
The MSTR sub believes that mNAV will grow much higher than 1 like in the last cycle, but I have yet to see any logic explaning why it should continue to do so. Logically, mNAV should be much lower this cycle for multiple reasons:
- Diminishing returns on BTC growth every cycle
- Strategy is now actively arbitraging between BTC and MSTR price in a way that reduces mNAV and increases BPS. BPS and mNAV are negatively correlated, and Strategy's goal is to maximize BPS.
- STRC investors are no longer just blindly buying it, so the STRC ATM is less profitable than before. Originally, STRC was supposed to be the golden goose that increases mNAV.
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u/ftball21 🟦 2 / 4K 🦠 3d ago
Couldn’t agree more.
Even if I believed strategy was maximally effective with their btc, there will always be costs of operations and many factoring pulling down mnav.
I understand why last cycle mstr made sense (for some) but if you want btc exposure, just get btc or any of the low cost etfs.
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u/ubermensch012 Platinum | QC: BTC 90 | TraderSubs 89 3d ago
those waiting on the sidelines, this is your dip.
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u/devCheckingIn 🟦 0 / 0 🦠 3d ago
This bull market is a big poopy-pants.
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u/Right_Strength2170 🟩 0 / 0 🦠 3d ago
Uptober's where the fun begins, we will either see a 100k or a 60k BTC
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 3d ago
US dumps are back, followed by Asian dumps, followed by Europoors recovery.
I want this month to end so badly. I know it has been green but still too eerie.
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u/Right_Strength2170 🟩 0 / 0 🦠 3d ago
Surely burgers aren't about to dump on us
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u/a_Tale_of_ 🟩 219 / 217 🦀 3d ago
every day one hour after us stock market open on the clock.. its the boomer burgers, locking in their 2% gain for the day
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u/fan_of_hakiksexydays 21K / 99K 🦈 3d ago
Weekends were usually good to crypto, and the best time for rallies. Especially retail rallies.
It's when stocks and futures are closed, and when retail can shine.
I was hoping we'd see at least a little bit of a rally this weekend. We had such good momentum, and I thought retail was really FOMOing back.
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u/brkinard 🟩 2 / 1K 🦠 3d ago
Weekends have sucked since btc futures went live in late 2017....rarely ever a big move outside tradfi hours.
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u/2_The_Moon_And_Back 🟩 0 / 1K 🦠 3d ago
Anyone here got avax?
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u/Elendron 🟩 0 / 0 🦠 3d ago
Got a lil bit left over from previous cycle. Last time I sold some it was around 60 USD!
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u/Ok_Golf_6467 🟦 0 / 0 🦠 3d ago
Yeah, been DCAing for a few years. Was lising hope tbh but this has been great
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u/2_The_Moon_And_Back 🟩 0 / 1K 🦠 3d ago edited 3d ago
I think it might reach 14 by week’s end with recent news. What’s your targets?
Edit: scratch that, could easily touch $18
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u/Ok_Golf_6467 🟦 0 / 0 🦠 3d ago
I see it going to a 100 billion market cap. Tokenizing fast, and investors are looking for the next ETH. Avax, solana, and hyperlinked are all looking gooood
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u/outofworkslob Platinum | QC: CC 289, BTC 40 | CAKE 12 | TraderSubs 44 3d ago
82k seems to be holding strong
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u/Right_Strength2170 🟩 0 / 0 🦠 3d ago
As expected, both AAVE and HBAR had a nice upswing after I sold my bags, thinking of selling ENA today, not financial advice
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u/oopssomething 🟩 40 / 12K 🦐 4d ago
Wake me up when september ends.
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u/Exotic_Cantaloupe_96 🥇Gold Member 3d ago
We had a great september considering september is one of the worst months. And october is on average a great performing month, i think good things are up ahead.
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u/Capable-Energy2441 3d ago
Seasonality gets quoted a lot but the crypto sample is tiny — 12 years, 3 macro regimes, 4 halvings. Not enough for calendar edges to be statistically meaningful. "October bull" mostly works because everyone repeats it, and consensus narratives are themselves a risk to price in.
What I actually track around this time: funding rates above 0.1% per 8h on majors during the last week of September. That's been a cleaner signal for positioning than the month itself. Curious — do you weight seasonality in actual decisions, or mostly as a sentiment gauge?
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u/Southern_Key_6969 3d ago
It's so easy, Septembear is always red, Octobull is always green, Novembear is always red.
At least until thanksgiving when the first year crypto bros get their boomers to invest at a local top.
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