Josh Man Profile
Josh Man

@JoshMandell6

5,010
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423
Following
746
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7,274
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Salomon Brothers 90-98 Bond Portfolio Analysis Government Desk - Long Bond Trader Derivatives - Short-Dated Options Trading (Head) Caxton Assoc Hedge Fund

Joined January 2021
Don't wanna be here? Send us removal request.
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@JoshMandell6
Josh Man
8 hours
You do not plant a seed in the ground and then dig it up every day to see that it is growing. #Bitcoin will grow
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@JoshMandell6
Josh Man
7 months
So, yeah I spent 20+ years on Wall Street but never saw anything like this market you kids have here. I just threw 48K into a sub-account last night and took a shot at two chains hosted by two gents I find to be incredibly intelligent and this? Is it really this easy?
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@JoshMandell6
Josh Man
7 months
Cathie Wood states that the timeline projections originally forecasted by their #bitcoin models must adjust, moving forward in time due to ETF approval, not originally foresen as a fait acommpli. Prices, she suggested, could now be assumed to double at any point on the
@crypto_banter
Crypto Banter
7 months
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@JoshMandell6
Josh Man
7 months
@DaPlaneBoss Examine market depth and trail your stops wisely. That is the lesson I have given myself. MUYOL == Make Up Your Own Lessons
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@JoshMandell6
Josh Man
7 months
@efebitcoin Don't be so sure of yourself, punk a$$ b!tch ... Examine market depth and trail your stops wisely. That is the lesson I have given myself. MUYOL == Make Up Your Own Lessons
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@JoshMandell6
Josh Man
1 month
$MSTR -- I make the following post, not as advice, but as an iron-clad statement of conditional probability equal to 100%. (OK, Ryan, 99.999%, are you happy?)
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@JoshMandell6
Josh Man
2 months
Good DIstinction between a Pump and Dump and a Market Maker Clawback! WELL DONE!
@TylerDurden
Tyler
2 months
This is the pattern everyone should burn in their memory. Me and brother @trader1sz done very well on this over the years as most look at it as dead asset after full retrace. Inshallah.
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@JoshMandell6
Josh Man
7 months
If you buy ETF shares fresh from the issuer, you must wait 30 days before they can be placed in a margin account. Day one of the advent of Spot #Bitcoin ETFs arrived and the only fund with actual coins was GBTC. The thing about ETFs is that they invite short sellers to come out
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@JoshMandell6
Josh Man
6 months
at 68,350 for BTC, MSTR will start Gamma squeezing and I would not be surprised to see a quick move up 1,000 points on BTC to 69,350 at that point ...
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@JoshMandell6
Josh Man
6 months
1st time chiming in on this: It's possible that we relative-value guys have a hard time pulling the trigger on things we find "overvalued" ... they were just books on the internet, weren't they? Might it be the case that $MSTR is to #Bitcoin what $AMZN was to the internet? 🤷‍♂️
@dotkrueger
Fred Krueger
6 months
Amazon went public in May 1997 at a spit adjusted price of 9 cents. 14 Years later, it was trading at $11. Up 120x. It seemed "expensive" and maybe even "overvalued". Over the next 14 years it went up to $178. Up another 16x. Bitcoin also started trading in 2010 for 10 cents. 14
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@JoshMandell6
Josh Man
8 months
@BritishHodl I have always liked that valuation cuz the code allows for the smallest unit of divisibility to be one 100 millionth of a BTC & the USD's smallest unit is one Cent. On the day BTC hits $1mm per coin, those two numbers shall meet as 1 Sat = 1 Cent. Writing, meet the wall!
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@JoshMandell6
Josh Man
7 months
@sarahtoshi_n Glad to be here
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@JoshMandell6
Josh Man
9 months
GBTC holders were given certain assurances by Grayscale, most importantly that their high fees would abate after ETF conversion. It was the holders of GBTC who paid the legal fees to begin with. @dotkrueger @BritishHodl @PeggyGrennan @Sonnenshein @William87963180 $GBTC $BTC
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@JoshMandell6
Josh Man
12 days
Imagine if @Saylor became a Trillionaire and married Taylor Swift, who then took his last name. #Bitcoin
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@JoshMandell6
Josh Man
3 months
New Update: We are crossing the one-year upward sloping trend line heading back into the air. I like it.
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@JoshMandell6
Josh Man
7 months
@dotkrueger Secret Blackrock research finds that the 60-40 equity-bond portfolio should start with 85% #Bitcoin and allocate the remaining 15% to the 60-40 equity-bond mix. (Not for public distribution)
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@JoshMandell6
Josh Man
8 months
@Snowden #Bitcoin is going to replace sliced bread as the universal comparison for everything in history of mankind. Get it out of your system. Tell ppl that ____ is the best thing since sliced bread now. Soon, the world will be saying that sliced bread was the best thing until #Bitcoin
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@JoshMandell6
Josh Man
8 months
@BritishHodl Let us celebrate the Saylor man's moves with a toast. I thought that the new ETFs would eclipse him ... but he got ahead of the game and is letting the concomitant rally in BTC slingshot MicroStrategy around the planet on a course for the moon. Hat's off to you @saylor !
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@JoshMandell6
Josh Man
7 months
@FullTimeBitcoin @FP21M @Z06Z07 BINGO ... plus they get their coins all in one chunk contemporaneous with their daily demand. Mainly this is a price suppression technique. Now that I have finally said it aloud, let's see if anyone proves otherwise. @EricBalchunas ??
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@JoshMandell6
Josh Man
6 months
Recall the concept called "operational shorting"? If all of this has been, as I continue to suggest, a steady shorting of GBTC shares to buy IBIT (& other New 9) ETFs designed to artificially extract coins from one and move them to another, then a high fee at GBTC would serve to
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@JoshMandell6
Josh Man
7 months
@shiftpulse I love that. I love metaphors. I am Pistol Pete.
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@JoshMandell6
Josh Man
1 month
@dotkrueger If Kamala gets in, Fred no speak like Tarzan anymore.
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@JoshMandell6
Josh Man
5 months
@BenWerkman So here's the thing that is really unique about #Bitcoin (hello!) .... $BTC is not a registered security. That means that any corporation or person or government could be quietly awaiting the transfer of a large block of Bitcoin which is being professionally acquired on-chain.
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@JoshMandell6
Josh Man
23 days
Here we are. 57K is the launchpad.
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@JoshMandell6
Josh Man
3 months
How they fill the order book. The appearance of liquidity
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@JoshMandell6
Josh Man
2 months
@BTC_for_Freedom Where do you see this sale? You keep saying "you can't make this stuff up" but it seems to me that you are quite literally making this stuff up.
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@JoshMandell6
Josh Man
5 months
Ok so JP Morgan is holding $760,000 of bitcoin. Hell, they probably hold $760K worth of paper clips worldwide ..
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@JoshMandell6
Josh Man
7 months
@dotkrueger @dotkrueger I dropped $100K of premium for these puppies exactly three weeks ago. This is my fourth swing for the fences and I've been lucky enough to 10x each $100k bet. May the Force be with you sir YODL! This one is looking like 15x with a few days to gooooooooo $MSTR
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@JoshMandell6
Josh Man
19 days
I believe that ETF Authorized Participants (APs) have taken over the role of market makers, supplanting the entity known as "The Hand" or any other entities that previously managed the Bitcoin book. As an ex-Government Bond Market Maker, I anticipate the emergence of new
@anthonysagami
The Sagami Letter | Tony Sagami
19 days
@IIICapital 🚀🚀🚀 Buckle up! Bitcoin is about to go on a parabolic run to $100,000...or more.
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@JoshMandell6
Josh Man
2 months
Coming from Wall Street, I believe it is my duty to express caution regarding the Strategic Bitcoin Reserve. I recognize that many view this plan as beneficial for #Bitcoin , as it implies purchasing (or reducing the sale of confiscated) #Bitcoin . However, I would strongly
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@JoshMandell6
Josh Man
5 months
Next Week, MSTR breaks $2100 for the first time ever. GAME OVER (Just guessing ... LOL)
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@JoshMandell6
Josh Man
6 months
What we got here is a failure to hypothicate ... @markyusko @dotkrueger @saylor
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@JoshMandell6
Josh Man
7 months
@dotkrueger so funny you said that --- this was my first purcase. Bought four BTC over the period of a week and never looked at it again until my ex took half. So I took my 2btc and sold them in January 23 to buy GBTC at 45% discount ... so the ETFs basically gave me back my other two btc
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@JoshMandell6
Josh Man
7 months
This coinbase crash feels eeriy like disabling the "BUY" button on Robinhood. $COIN are you in the tank with them or are you just inept? #Bitcoin @dotkrueger @PunterJeff
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@JoshMandell6
Josh Man
6 months
I never called it publicly but, I must admit, I thought we might get the God candle on Easter Sunday. Seemed appropriate. Anyway, back to the chocolate rabbit hole. #Bitcoin
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@JoshMandell6
Josh Man
2 months
@Bitcoin_Teddy Any human being on this planet. Especially the children. Bitcoin will be fine on its own. No need to protect it.
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@JoshMandell6
Josh Man
3 months
@dotkrueger @intangiblecoins Fred, its a market making thing. #Bitcoin is a market maker's dream because there are all these people who love it but just talk about it and can't really buy any more than they already have. So what's a market maker to do but mark it down in advance of the supply?
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@JoshMandell6
Josh Man
8 months
@PennybagsCX I think we might have identified the culprit. The FTX bankruptcy trustee would have been smart to await ETF approval so that they had a source of liquidity. Lying in the weeds would now be BlackRock and perhaps the other new entrants, fully aware that there would be a steady
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@JoshMandell6
Josh Man
6 months
May I remind you that just last Friday morn, MSTR traded $1,999.99 in the pre-open and then that report from Kerrington Capital hit the airwaves shortly after. Act of desperation? Now, MSTR is $300 points off that price just six days later and the only news has been that they
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@JoshMandell6
Josh Man
2 months
Down 91% AND Up 884% at the same time. They were the best of times, they were the worst of times.
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@JoshMandell6
Josh Man
3 months
@thomas_fahrer Before August. By End of July.
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@JoshMandell6
Josh Man
6 months
This = true. But for those few willing to hold the hot potato for a bit, $MSTR can be traded to gather USD faster than $BTC in an uptrade. Use calls to cash out weekly or monthly, turn USD profits into more #Bitcoin and add to the the self-custody wallet. @saylor is helping us.
@netesq
David F. Prenatt, Jr
6 months
@Futur3_Th1nk3r @saylor From a traditional investment standpoint, $MSTR is the hands-down winner, but there’s simply no way to compare MicroStrategy stock with self-custodied #Bitcoin . MSTR can be easily seized by the powers that be, whereas someone with self-custodied Bitcoin has plausible deniability.
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@JoshMandell6
Josh Man
7 months
For what it is worth, I think that Coinbase is being attacked from the outside. I believe it is not an accident, but rather a purposeful attack using a technique of putting bids and offers in and out so quickly that it freezes up their system. It is malicious, but not
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@JoshMandell6
Josh Man
3 months
@dotkrueger @MarathonDH If it's true, it's really gonna rock the Kaspa
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@JoshMandell6
Josh Man
2 months
@dotkrueger No he should pledge to do it and then NOT do it and watch the market tank to new lows ... and THEN do it. That's the art of the deal.
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@JoshMandell6
Josh Man
18 days
Dropping below 60K as Sunday approaches suggests that the Friday and Saturday night bidding has concluded, and we should brace for a NYSE fade. This is likely to initiate a weekly downtrend towards the 49K support level. It's anticipated that the market will breach the 49K mark
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@JoshMandell6
Josh Man
6 months
Gosh Fred, did I get you THAT bullish on $MSTR this morning? We OGs gotta leave some grub for the others to snack on. I know you didn't want to miss the "Amazon of monetary policy", biggest trade of our lives, but 20% in one day is kinda pouring it on heavy.
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@dotkrueger
Fred Krueger
6 months
This GBTC thing is just noise and it’s close to being over. We have no idea of how much GBTC selling is just movement into actual BTC. The Gemini stuff is supposed to be in kind. It’s messing up the accounting and spooking some people out. Meanwhile we are just beginning.
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@JoshMandell6
Josh Man
21 days
Monday's low of 54.5K appeared robust, and I am now targeting a range between 54.5K and 64.5K. I have a healthy stake in the game tonight, but I may need to reduce it if we don't surpass 58K, as high leverage can be risky during nighttime trading (or dawn, daytime, or dusk.)
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@JoshMandell6
Josh Man
6 months
Ladies and gentlemen please stay seated during take off
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@JoshMandell6
Josh Man
2 months
@dotkrueger Who are you calling stupid, LOL?
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@JoshMandell6
Josh Man
6 months
Somebody got hit on a boatload of GBTC today, which will lead to a heavy market for BTC .... and what does a dealer who gets hit on GBTC do to hedge? He sells MSTR, figuring that there's going to be a large sell off in BTC Monday or Tuesday (✔️) and that MSTR will underperform
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@JoshMandell6
Josh Man
5 months
@BitPaine @saylor I have to say his energy and persistence and willingness to tolerate so many different kinds of people and settings is quite remarkable. I don't think he would put up with me LOL but he can overcome most any challenge, interpersonal or otherwise it seems.
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@JoshMandell6
Josh Man
7 months
@tomyoungjr My opinion: The price of #Bitcoin has been surpressed to buy time for the artifical extraction of Grayscale shares
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@JoshMandell6
Josh Man
5 months
Full disclosure: I sold some of the bitcoin I bought around 60K to buy some MichaelStrategy and Marathon ... I don't recommend this to anyone but I did encourage the purchase at 60K, so I feel it only proper to mention why I sold some #Bitcoin . The only thing that would
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@JoshMandell6
Josh Man
13 days
I will be looking for post-NYSE-close strength, carrying through Saturday as @Saylor buys more and options hedgers have no place else to go but #Bitcoin . Sunday the APs will probably wake up earlier than their usual 6pm alarm and they will be buying especially if the market is
@saylor
Michael Saylor⚡️
13 days
MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per #bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9/19/2024, we hodl 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. $MSTR
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@JoshMandell6
Josh Man
12 days
Testing the waters ... strong like bull
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@JoshMandell6
Josh Man
6 months
I don't care what anyone says .... I see signs that we are running low on coins throughout the system. There will be one more reprieve on Monday but the shorts better cover then!!
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@JoshMandell6
Josh Man
7 months
@BritishHodl Works both ways though unless we are straight up every day. Any downturn and they are suddenly long and getting longer and that's why MSTR is such a volatile beast
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@JoshMandell6
Josh Man
2 months
🔫🔫🔫 I find that many of my fellow #Bitcoin ers actually advocate debasement of the dollar at this point because it pumps their bags. Many support cutting taxes and cutting rates, both of which lead to more borrowing and higher inflation over the long term. Just keeping it 💯
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@JoshMandell6
Josh Man
19 days
Greetings: Early this morning, we designated a horizontal line at 58.5K as "Heaven's Door." You might remember the surge we observed some time ago when we established this boundary following several attempts to shatter the ice that was holding us down. Dice may not have memory,
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@JoshMandell6
Josh Man
20 days
Knock, Knock, Knockin' on Heaven's door #Bitcoin #cryptocurrency #music
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@JoshMandell6
Josh Man
6 months
I love MichaelStrategy too by the way. It's below 1170, where I used to live. I could buy it cheaper a piggie might say. But I'm buying here, two sh!ts don't I give.
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@JoshMandell6
Josh Man
2 months
If you're curious, here's an update, with opinions about Strategic Reserve and the potential altitude of this flight. #Bitcoin
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@JoshMandell6
Josh Man
6 months
@BitPaine Well wouldn't that be called "Proof of Mistake", eh Bit?
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@JoshMandell6
Josh Man
21 days
I think the Monday Low of 54.5K will hold for at least this month and we will move up to 65K, perhaps in turtle fashion, but we will move that direction. #Bitcoin
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@JoshMandell6
Josh Man
2 months
@dotkrueger I have a spiral notebook for all my spirals.
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@JoshMandell6
Josh Man
6 months
@thomas_fahrer You are right, because there is no such thing as zero in crypto. (Luna still trades?) In ClassFi, we have bankruptcy; so they actually go to ZERO, unlike radioactive decay which is asymptotic. The USD will go to zero one day, just like the confederate dollar. Thomas, u do
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@JoshMandell6
Josh Man
6 months
@BenWerkman Ben is the new OBI WON KENOBI
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@JoshMandell6
Josh Man
2 months
Okay this is it. Spec Long is back on, riding the rocket up to 88K and then I will step out and away from the platform as the doors close ... The is the X Train, making no local stops, on a direct run to the Twilight Zone. #Bitcoin be getting ziggy
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@JoshMandell6
Josh Man
5 months
@PunterJeff $1,240 -- > $3,690
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@JoshMandell6
Josh Man
26 days
My voice was going so I will summarize : $43K - $83K
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@JoshMandell6
Josh Man
1 month
Evidence of Operational Shorting and it's effect on market prices during the NYSE workday.
@AndySwan
Swan
1 month
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@JoshMandell6
Josh Man
7 months
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@JoshMandell6
Josh Man
7 months
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@JoshMandell6
Josh Man
5 months
Considering that Stock prices are forward looking, $MSTR could reasonably trade at 138k/63k (63k being the current price for $BTC) times your 2.36 multiple of spot #Bitcoin . That's 5.17x ... let's call if 5x ... that's close enough for government work. Almost close enough for
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@JoshMandell6
Josh Man
20 days
And we see his True Colors are shining through #Bitcoin
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@RonFilipkowski
Ron Filipkowski
20 days
Trump announced today he is launching his own crypto. This is real.
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@JoshMandell6
Josh Man
2 months
@BenWerkman I am playing with my #Bitcoin
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@JoshMandell6
Josh Man
7 months
@BritishHodl "regarded" --- haha ducking spell check or twitter work-around? LMAO
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@JoshMandell6
Josh Man
7 months
@dotkrueger You single-handedly turned it around LOL
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@JoshMandell6
Josh Man
26 days
Is the current rally merely a deceased feline rebound or does it have the momentum to restore us to the previous trading range? We stand at a pivotal juncture.
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@JoshMandell6
Josh Man
3 months
@thomas_fahrer Like I am being submitted to a Rorschach test? Looks like boobs to me.
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@JoshMandell6
Josh Man
14 days
One should never say never, but I do see that a weekly and monthly close above $63K would shift my broad (21K) target range up to $63K - $84K. (Currently, Market Makers have indicated a range of $49K-$70K, which remains valid until confirmed.) Just so you know, this isn't
@dotkrueger
Fred Krueger
14 days
There will be no more 58K gang. It's over. Not. coming. back. EVER
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@JoshMandell6
Josh Man
18 days
I am anticipating a bit of capitulating, sliding down from 60K by 500+ points #Bitcoin
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@JoshMandell6
Josh Man
5 months
Not saying he will do it today, but if the mkt maker bottoms us out at $60,000.00 precisely, that person is to be thanked and appreciated. Distribution is a process of clearing the order book, matching buyer and seller even if it means losing money in that range. It's a true
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@JoshMandell6
Josh Man
6 months
So here is something they don't teach in B-School which I learned during a really weak bond auction many years ago. It was the first time that I had used the pit for directional liquidity. Prior to that, I did basis trades and hedging ... on this day, however, we sold so hard
@dotkrueger
Fred Krueger
7 months
@Giovann35084111 @LawrenceLepard i agree with "selling a bit"...the danger is using leverage with these things. you don't want to interpret it as "can't go below 1 standard deviation". Anything is possible, even if it hasn't so far
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@JoshMandell6
Josh Man
7 months
@BritishHodl that dude will turn around and tell you he was long (remember?)
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@JoshMandell6
Josh Man
2 years
@WOLF_Financial Anyway, I will boil it down to this ... Most people lose money because they don't follow the carpenter's first rule (Measure Twice and Cut Once) and then they Cost Trade, which is what makes the TA world go 'round.
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@JoshMandell6
Josh Man
15 days
I noticed discussions questioning the divergence between $MSTR (declining) and $BTC (rising) yesterday. It's possible that the purchaser of the convertible offering was exerting pressure on the stock to lower the strike price for the bond. This seems like a strategic move from an
@BenWerkman
Ben Werkman
15 days
$875M at 0.625%. Demand is still very strong for $MSTR convertible offerings.
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@JoshMandell6
Josh Man
9 months
@dotkrueger What till he starts shilling "Schiff Coin"
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@JoshMandell6
Josh Man
5 months
@ryQuant One more, Ryan my friend? Notice that $1,240 --> $3,690 would lend itself so beautifully to a Three for One Stock Split? Said split would eventually bring the stock right back around to $1,230 yet leave us each with three times as many shares!!! Center-Field, flag pole
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@JoshMandell6
Josh Man
1 month
@saylor @worshipbitcoin Nope ... Not right. I worship no false Gods.
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@JoshMandell6
Josh Man
5 months
So, yeah I spent 20+ years on Wall Street but never saw anything like this market you kids have here. Is it really this easy? Call me an old Trad Fi trader, but this is like shooting fish in a barrel, with a shotgun.
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@JoshMandell6
Josh Man
7 months
So, yeah I spent 20+ years on Wall Street but never saw anything like this market you kids have here. I just threw 48K into a sub-account last night and took a shot at two chains hosted by two gents I find to be incredibly intelligent and this? Is it really this easy?
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@JoshMandell6
Josh Man
13 days
@CaitlinLong_ Wow, it seemed wrong to me that a bank would agree to settle the loan with Michael Saylor for cents on the dollar when his company had the means to satisfy the debt. The shareholders of that bank got royally screwed and he smiled all the way to the ledger.
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@JoshMandell6
Josh Man
6 months
If you can be trusted to follow my lead I have 20MM SATs if that's what you need It's easier to start with a friend that I trust But a coinbase account is simply a must Friends, BitCoiners, Countrymen lend me your ears It's time to start trusting and easing our fears Who's game?
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@JoshMandell6
Josh Man
5 months
Good Evening Tanner, allow me to see your 2.36 and raise you. Assuming the continued truism that four years hence #Bitcoin prices are always at least 2x their current level, and benchmarking the prev ATH of 69,000 ... One gets a future prediction of $138,000 as of Nov 10, 2025.
@TannerLeighton
Tanner Leighton
5 months
$MSTR Current premium to NAV is 1.680. The asymmetric bet is that it is more likely to increase from here than to fall from here (towards 1x NAV, which is WORST CASE). (1/2)
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