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0 sats \ 0 replies \ @grayruby 1h \ on: CricZap Cricket Pool — 'I Predict Cricket' - Round 6 (July 25) Stacker_Sports
Saudi Arabia
Florida Lions
South Africa
Pakistan
190
185
I suggested a market for the British open this weekend but I think they were too busy with the refresh.
Yes from a much lower, more volatile market cap, without institutions or passive capital involved. Again, not saying it isn't going to happen but it is a lot less likely than previous cycles. Unless of course we get some massive exogenous effect like WW3.
I suppose if Bitcoin 23x off the bottom like it did last cycle to reach a new ATH we could have another 75% drawdown. But I don't think the top will be anywhere near a 23x. Less magnitude of moves in both ways makes the most sense.
Site looks great.
I referred someone who is into F1 racing to bet in the F1 Market.
I sent them the link. How does it work now?
The analysis is good but there is a basic flaw in logic. He correlates MSTR to FTX/luna/GBTC discount crashes to a potential MSTR unwind. But those events caused the crashes. An MSTR unwind would occur after a 75% drawdown. Doesn’t seem the same to me.
Still it’s fair to say that’s a lot of Bitcoin in one entities hands and the market probably doesn’t continue buying MSTRs Bitcoin for 1.9x the price of Bitcoin itself for very much longer and we don’t know what the knock on effects of that will be. A 75% drawdown seems unlikely though but I suppose possible.
54 sats \ 0 replies \ @grayruby OP 21h \ parent \ on: Chiefs WR Rashee Rice sentenced Stacker_Sports
They probably tried.