From $73,000 last week to $62,000 today.
Don’t sweat the wild swings in #Bitcoin price – volatility is in its very DNA.
As you witness abrupt price fluctuations, not only in Bitcoin, but in crypto-related stocks, these swings…
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I think you shouldn’t bother about the short-term swings, we all know where btc price is headed in the long term 
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Just so long as you can pay your electricity bill with $USD which is being devalued at 10% per year (documented over the last 10 years to be true) you are so, so much ahead of the game by mining Bitcoin.
Like you said “Don’t sweat the wild swings in #Bitcoin price”.
I also believe like others with the remaining supply dwindling so severely, not even the basis trade can continue for too much longer. The price will go up, when it does, the $BTC we hodl is worth whatever we paid for it.
Heck I started mining $Bitcoin, simply becaused I firmly believed (and still do) that over the next 4 years, post halving, that it will be cheaper to mine Bitcoin again, rather than buying it.
CRY CRY CRY… $54,850.08
$3,962.51 (-6.74%)
BTC Price was $54,850.08 undefined $3,962.51 (-6.74%)
and it’s still dropping… and to think it was a 70k a couple of days ago.
We can only hope and pray… 100k…??? Maybe in 5 yrs… but not looking good.
We all know the biggest issue with mining, once you have the equipment and setup (still working on that, see my other post) is paying the electric bill each month. With that in mind, here is my solution:
Buy $MSTR, hold for a year or more, than use that to pay your electric bill.
Put my money where my post was...bought a large amount of $MSTR stock, latest purchase was OVER current price of less than $300 per share. I think I might have paid $440 per share for the last staunch of stock, not worried and here is why.
On Jan 17, 2025 many of the shorts will EXPRY (there will be more shorting, you can count on it) so this might be a nothing burger....but worth noting.
MicroStrategy would not exist without Bitcoin. They issue financial instruments that allow them to buy Bitcoin. They bought more last Monday and will be buying more in the near future. The stock does see short term price drop each time Michael Saylor purchases more Bitcoin.
Thanks to FASB accounting, went into effect last year, when $MSTR reports in the next few months, perhaps in January, that Bitcoin on their Balance Sheet is going to make them look like one heck of a company.
In a week and a half, they rose $10 Million in Market Cap thanks to their Bitcoin purchases. They were included in the QQQ and the NASDAQ and eventually will be included in the S&P, since admission is via committee, most think they will be shunned a couple of times like $TSLA was, but ultimately they will be admitted. Each inclusion, QQQ NASDAQ, S&P means more interested in the stock. For a fund like the QQQ, their portfolio is constanly re-evaluated, stocks weighted and money flows into every company into the fund. This means those that might not be interested in Bitcoin or a Bitcoin company, will end up with a percentage of the fund in $MSTR regardless.
I could go on and on, but either you have already tuned out or if not, here is the punch line:
$MSTR is expected to reach over $90,000.00 per share in 10 years. A stock you could buy tomorrow, 1/2/25, for under $300.00, could be worth $90,000.00 in 10 years.
When Bitcoin is > $1 Million per coin (sometime between this year and 10 years, $MSTR should be worth $20,000 - $35,000 per share based on people who know more about finance than I do. Search around on Youtube and Twitter to see the details....they are there, this is real, I am a believer.
I have calculated that my max electricity cost for 1 Year will be around $70,000.00 for 1 220 circuit that should run 10 - 14 Bitmain S21 Antiminers.
So to run them all, I need to sell something worth $70K, and I do NOT want to sell my Bitcoin.
While I would have to share more shares of stock in the near term, I am confident, that $MSTR, given time, will be worth $35K per share one day. At that share price, I would only have to sell 2 shares to pay a year worth of electricity. I could mine without fear and stack, not sell, what I am mining. For me that is Bitcoin, for you it might be multiple alt coins...
I doubt the $MSTR price will stay below $300 for more than a week or two, if that long. once it starts going up, it will still be depressed by short sellers, but they cannot hold it down forever.
Most Bitcoiners, expect the available supply of coins for sell to reach zero over the next year, the time frame I have seen and repeat is 3 months to 12 months. When this happens, the supply shock is going to be very REAL, As $BTC goes up, so will $MSTR. To lesser degree $MARA and anyone else putting Bitcoin on their balance sheet.
When Michael Saylor started this pivot for his company, he was at a $3B Market Cap size. I think the last chart I saw, MicroStrategy was around $70 Billion. That is in 4 years. Think about that.
One day in the future, I have no idea when, MicroStrategy will be #1 by Market Cap in the World! I am cofindent enough to tell you that is 100% true, even though this is not investment advice.
If you have a way to pay our mining electric bill with something other than the coin we are mining, I would be interested in hearing it.