Bitcoin Forum

The launch of a BTC Spot ETF has coincided with a significant rise in BTC price. Some believe the ETF is a major driver behind this surge, with BTC price even reaching a new ATH before the upcoming halving event - a phenomenon never seen before. Adding to the bullish sentiment, Michael Saylor's company, MicroStrategy, continues to aggressively accumulate BTC. They are even engaged in a kind of arms race with BlackRock to hold the most BTC ^{[1, 2]}. Saylor's unwavering commitment to BTC has earned him the reputation of being the most prominent "diamond hands" investor in the crypto world, surpassing even El Salvador's president, Nayib Bukele, in terms of fame.

Michael Saylor has outlined the distinctions between investing in MSTR stock and a BTC Spot ETF ^[3]. While he emphasizes MSTR's advantages, the question remains: for investors, which is better - MSTR, whose value hinges heavily on its BTC holdings, or BTC itself?

• In terms of profit: MicroStrategy's investment in BTC has been highly profitable. Since starting to buy BTC in August 2020, the company's stock (MSTR) has surged over 1220%. This is a significantly higher return than the roughly 500% gain in BTC price itself over the same period. This amplified gain is due to MicroStrategy's use of debt financing to buy more BTC. This strategy, called leverage, magnifies both profits and losses. While it has driven impressive returns so far, it also increases risk if the BTC price falls.
  
  
  https://talkimg.com/images/2024/03/16/JMeHb.png (https://www.tradingview.com/x/TydXZxGB/)
• In terms of credibility: some view MicroStrategy, a well-established company, as a more credible investment than BTC itself. They believe investors gain exposure not just to BTC but also to the experience of MicroStrategy's leadership ^[4]. However, Bitcoin's strength lies in its decentralized nature. Existing for over a decade, it operates independently of any individual, company, or government. This decentralization fosters trust for many investors, myself included, compared to a traditional public company.

While investing in MSTR could potentially offer higher returns, I prioritize self-custodying my BTC for greater control over my holdings. This means I rely on my own judgment, rather than trusting someone else's decisions, even a respected figure like Michael Saylor. Saylor has publicly stated MicroStrategy has no plans to sell its BTC ^[5]. However, I believe it's a question of when, not if, such a sale might occur due to unforeseen circumstances or a strategic shift by the company.

• When will Michael Saylor and MicroStrategy sell BTC? (https://bitcointalk.org/index.php?topic=5485752.0)

I would like to know your views on investing in BTC and MSTR:

• Do you choose to invest in BTC or MSTR? Why?
• Will MSTR continue to generate better returns than BTC?
• Is an investment in MSTR safer than an investment in BTC?

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References:
[1] BlackRock and MicroStrategy in Neck and Neck Race As Firms’ Bitcoin Holdings Soar to Over $29,170,000,000 in BTC (https://dailyhodl.com/2024/03/12/blackrock-and-microstrategy-in-neck-and-neck-race-as-firms-bitcoin-holdings-soar-to-over-29170000000-in-btc/)
[2] Public Companies that Own Bitcoin (https://bitcointreasuries.com/)
[3] MicroStrategy Makes Its Case as Alternative to Spot Bitcoin ETFs (https://www.coindesk.com/business/2024/02/07/microstrategy-makes-its-case-as-alternative-to-spot-bitcoin-etfs/)
[4] Is MicroStrategy (MSTR) A Better Investment Than Bitcoin? Experts Debate (https://cryptopotato.com/is-microstrategy-mstr-a-better-investment-than-bitcoin-experts-debate/)
[5] Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin (https://www.coindesk.com/business/2022/05/10/michael-saylor-suggests-microstrategy-will-never-sell-its-bitcoin/)

If you want to control your money, your bitcoins, let's invest in Bitcoin. Then store your bitcoins in your own non custodial, open source wallets. Remember to make backups, test backups and store them safely for your wallet recoveries.

If you want to get like double benefits, you can invest in MSTR because their stocks can give you double benefits from their profitable investment in Bitcoin and profit from other products of MicroStrategy.

The warning is, with the second investment option, you will have to trust MicroStrategy and their business. You don't own your money and rely on them.

1. BTC obviously. Non-custodial, always. There's not a part of MicroStrategy's company that I'd really want.

2. At some point, it won't. Unless MicroStrategy's portfolio of bitcoin companies do extremely well, the attraction of MSTR as some sort of BTC play will slowly die down due to the ETFs.

3. Define "safer".

Investing in Bitcoin and storing it in a secure wallet is the safest option. The reason is that it is decentralized and is not being controlled by a single entity. MSTR might be able to generate a higher return but it is not decentralized as it is controlled by Microstrategy. When you invest in Bitcoin you get the real product which is Satoshi whereas with MSTR you will only get a paper in return. If you think in the long term investing in Bitcoin will be more profitable than a stock in Bitcoin.

1. In BTC, obviously.
2. Probably, but in downturns the leverage can make it go down more, it is a double-edged sword.
3. No.

That said, I owned shares of MSTR and sold them at a profit. I don't think it is incompatible. If you are going to invest in Bitcoin, the best thing to do is to have most of it in Bitcoin that you hold with your keys. But as a derivative product that provides leverage, I think MSTR shares are a good option.

From somebody who is a fan of Bitcoin and not really of stocks, I don't even think the two is comparable. If you want to buy MSTR because you truly believe in the future of the company and that you are positive of its growth and development over the years, then buy MSTR. But if you buy MSTR because you are a fan of Saylor preaching about Bitcoin and that MicroStrategy is sufficiently exposed to Bitcoin, then it's all pointless. You better buy Bitcoin for yourself and keep it safe.

For me, Bitcoin is a world safer than MSTR. It only takes one serious problem in at least one of so many points of failure that MicroStrategy has for MSTR to plunge and become worthless. That's not the case with BTC.

As to returns, I think Bitcoin has a much bigger room for long-term price growth than MSTR.

Yeah you are better off investing directly in either BTC and hold it in self custody or invest in the etf if you want it on your 401K.

MSTR we don’t know how it will perform in the future if there is another bear market or if they decide to start to sell their holdings. They haven’t sold anything yet but who knows. Maybe one day out of the blue they will start to sell their bitcoins. So you are better off being in control and just buying bitcoin directly.

1. Here on the forum, you will hear only one answer - BTC. Only Investors from the traditional financial sector can invest in MSTR, for whom BTC is something incomprehensible, but on which they want to earn (indirectly) extra money. MSTR provides this opportunity for such cautious investors, but in the eyes of the BTC-community it will forever remain like trash. Choosing MSTR instead of BTC is like choosing a rubber woman instead of a real. :)
2. This is the same as asking whether the secondary and by-product will be more valuable than the original one. I guess not.
3. Controversial issue. On the one hand, when investing in MSTR, an intermediary appears who can both ruin everything and be an additional guarantor of reliability. I think it’s only because of the second factor that this asset will be in demand.

For a small time investor like me that's on the other side of the globe where Microstrategy is, my best choice is just BTC, no other way around it. Plus it's more accessible to other people to buy bitcoin than to buy a stock of MSTR, you just need to download or go to a centralized exchange or a decentralized, whatever you prefer, make it pass the KYC verification (if you're going to use centralized exchange) just do a P2P to buy bitcoin and then you can just hodl, some extra steps are pretty easy to follow too and if you're cautious, you can almost always avoid scammers or hackers that are trying to get your bitcoins.

There are always a number of people who believe in a lot of nonsense like earth being flat ;D

The two aren't comparable though. Bukele sees Bitcoin not just as an investment but as money which is what Bitcoin really is whereas others such as Microstrategy guys see it as a means to make more (dollar) profit. This is why Bitcoin is legal tender in El Salvador not an "investment"...

If you start looking at it during the pumping period of MSTR that looks good; but if you look at bitcoin price in 2020 that started in $3k range and is currently $70k that is 2200% rise which MSTR rise despite its pump can not even compare to.

It is also not a good thing that the profit here is not coupled with bitcoin profit because it can dump regardless of what bitcoin does too... For example bitcoin could reach a million while MSTR dumps down to zero.

It is still a centralized company subject to all centralized regulations and consequences. If anyone wants to invest in a centralized company they should do that but they shouldn't even bring bitcoin up or compare it with bitcoin.

In other words regarding your main question, I'd say the question is wrong. You should never choose between the two because they are NOT in the same category.
Make your investment in bitcoin and also on top of that and separately  make your investment in MSTR or whatever stock you like (Apple, Google, ...) as your stock market involvement.

a. The basic step is to learn how to secure my funds and I have no issue with keeping my wallet. MSTR might have a good management who is pro-Bitcoin but humans cannot be totally trusted because they can change. It will be better to invest directly in Bitcoin and have peace of mind than to depend on a third party that can mismanage my money.

b. MSTR shares will always rise and fall with the price of Bitcoin. Although the company might make a profit from investing in other sectors there is no guarantee that it will generate more profit than Bitcoin.

a. Some people claim that they prefer investing in Bitcoin through third parties because they can't keep their keys or protect their wallets. In that case, Investing through MSTR might be safer for them. But I will always prefer to be in absolute control of my coins because third parties cannot be trusted.

You're in a Bitcoin forum and everyone will say that they'll invest on BTC obviously. But those that are from outside and are fans of traditional investments, they'd choose MSTR or if they're looking at the market, they'd choose BTC too.

Most of us here are more familiar with the move of BTC and that's why it's an easy answer that everyone is going to buy that rather than going with MSTR.

But if you're a diversified investor and you're also optimistic with MSTR, then you choose what you think is right for you as an investor and as part of diversification.

           -   It's just like this: you have unearthed some gold. Now the question is: will you entrust the gold that was unearthed to other people or would you rather keep it yourself? So this is the logic of what I'm saying: you buy bitcoin, and then do you agree that someone else will hold your bitcoin so that at any time it can no longer be obtained? or are you the one to hide it so that you can take it out of your wallet at any time?

Of course, most investors will invest in bitcoin, not in the microstrategy you say OP. I believe none of the members will be willing to give their trust to the MicroStrategy. Why do you agree with your question?

Bitcointalk is a pure bitcoin forum and mostly bitcoin maximalists, so I don't think you'll get a second answer. Even investing in altcoins is frowned upon by many, so investing in stocks or anything other than bitcoin will also be rejected here. And the reason people here will only choose bitcoin is because they want to control and manage their assets themselves. So if you ask them to choose any concentrated asset, you will only get one answer. :D :D

I think both could definitely generate profits but it’s not exactly about that. Cryptocurrency and stocks are two different things and have different audiences. Some may even have invested in both. But bitcoin offers a different kind of utility when investing in it compared to stocks. For me right now at this point of my life, bitcoin seems to be the safest option and the most accessible one.

With bitcoin, there’s utility and function but with MSTR, aside from profit I don’t really see any point in investing in it.

Not really, people know both BTC and stock, stock is nothing new because it's a centralized investment. Since Bitcoin is the only one and people are believing in decentralization, they choose Bitcoin over stock. But some people might diversify their portfolio because they didn't dare to all to Bitcoin.

If you ask people who fans of traditional investment, they will don't have any idea with Bitcoin.

They said it's a bubble, not secure, manipulated, etc, but they can't give any solid or constructive answer why they can say that.

I just want to invest in btc and have invested in btc. I don't want to invest MicroStrategy MSTR and I have no idea about MicroStrategy MSTR. I got a lot of returns from bitcoin investing. I feel that the amount of return that I have received cannot be obtained by investing in unique coins. I have been investing in Bitcoin, Bitcoin seems much safer to me. I have not invested in MicroStrategy MSTR and I have no idea about MicroStrategy MSTR safe.

OP, when finding an answer for such questions, I believe that, in your example, everyone should start denominating the asset in Bitcoin. Is the asset earning you more Bitcoin, and it will therefore make you hold more units in Bitcoin if you sell the asset? I encourage HODLing, but if people want to "trade", then get the price in Bitcoin. Surging against Bitcoin = Bid, going against Bitcoin = just HODL Bitcoin.

We're here to get as much units in Bitcoin for the limited capital that we have. That's probably why I like Buy the DIP more than DCA. But choose what's more comfortable for YOU, or do both.

Is bitcoin not more better than any form of stock or shares and bond from a centralized institution, they determine what you can make as profits while in bitcoin, you determine what you earn the more you're able to hold longer, there's no how we can compare a centralized investment to bitcoin which is a decentralized one, the difference is clear, in terms of profitability, bitcoin will always have higher edge over them, this same organization are investing on bitcoin as well, so why the long process when bitcoin is for everyone without having to go through a barrier.

The answer depends on your goals. If your main goal is to make money and the concept of Bitcoin isn't significant to you, then MSTR is the better choice. However, if you value having full control over your life and funds, then Bitcoin is the preferred option.

No I wouldn’t invest in MSTR. It is because MSTR can do unexpected things in the future and I don’t really trust Michael Saylor. I would rather hold my own btc instead. Michael might dump his coins, or not, or maybe he will ddo something completely against btc. You can’t know that. Why would I trust him with my money? He is not the best money manager out there and he is not the second best. As far as I know MSTR is not even an investment company. It is a software company. Buying MSTR because they hold btc is like buying TSLA for the same reason. It doesn’t make any sense

Understandable, and there will be those critics that will say that MSTR is a "shitcoin" because "Why is Chad Saylor not doing stock buy-backs, but he's instead he's selling MSTR to buy Bitcoin"?

Those people don't understand that buying Bitcoin for MicroStrategy's vaults INCREASES the value of MSTR for the owners of MSTR stock. Increasing value for the holders of the stock is also in fact Michael Sayor's DUTY as the executve chairman.

Right. Choosing between investing in BTC or MSTR depends on your style and tolerance for risk. MSTR's been riding high, thanks to their BTC stash and leverage but that comes with extra risk. BTC's more of a wild ride with its ups and downs but its decentralized vibe gives some peace of mind. MSTR's got the benefit of MicroStrategy's leadership but BTC's been around longer and has its own reputation. In the end, it's a trade-off between control and potential rewards versus trust and stability. It's like choosing between surfing a wave or cruising on a steady boat

Would you invest in BTC or [insert anything here]?

..... BTC of course

I don't agree with you two. I don't want to lie, my main goal when investing in bitcoin is profit, profit is what I care about and prioritize the most. But I wouldn't invest in MSTR because there's no guarantee their stock will yield higher returns than bitcoin. Have you ever thought about what would happen to our investment if their business suffered and their company went bankrupt? Meanwhile, even if bitcoin is dumped, it will still recover and grow at a higher level. I will ignore the issue of privacy and decentralization, I will still choose bitcoin because it offers better returns and less risk.

One of the safest investments that I know and can recommend to anybody is Bitcoin, because it's decentralized and not owned by a single entity, unlike MSTR that's owned by microstrategy, that is a private company, and their investors earnings will depend on their profit and lose. Bitcoin investment is more secured if an investor leaves his Bitcoin in a none custodial wallet, where he has total the autonomy to his coins, and despite how price dips, it'll always reach now ATH, so far it's hodled on the long run. Ofcourse an investor can invest what he can afford to loose on the short term in MSTR.

I think the ETFs made the bull market come faster than anticipated, but that it would have happened without them anyway. Some forum members are concerned with accumulation of Bitcoin by investment funds because it leaves fewer coins circulating in a natural decentralized form, so holding Bitcoin instead of using an investment fund can be a way to support the decentralization cause. Also, I feel like buying Bitcoin is easier and more accessible because you purely rely on yourself and there's pretty much no lower limit to it, so it's another argument in favour of Bitcoin. Not to mention the obvious note of actually owning your coins when they are in a non-custodial wallet.

I would invest in btc just because you can do it outside of the system, you don't need financial institutes for it

What will you choose? :D

Investing is surely the main objective to earn profit, but the reason why Bitcoin can survive, recover and grow are because decentralization, lightweight, transparent, secure and some privacy. If there are no asset can offer new uniqueness or better than Bitcoin, Bitcoin will never be replaced or forgotten.

In the end, it's nothing different than Bitcoin ETFs, MSTR might be more dangerous than ETFs because they don't have any rule to own Bitcoin, so they can sell the coins whenever they want.

what you said could be true sir because if you look at the risk the probability is almost the same, and my personal view if given the question between you choose it is better to invest in BTC or in MSTR, of course I will choose to invest directly in BTC rather than in MSTR, because the reason is that I know how to apply BTC and keep it safe and if it is urgently needed I can liquidate it quickly, unlike in MSTR when we have a larger number of shares then we need to have a queue and other procedural withdrawal things that I think are quite complicated if I need it quickly.

And OP, i think ask the majority who discuss bitcoin here, surely people will answer it's better to invest in Bitcoin directly because they know.

1 : I did hesitate last week and consider buying some MSTR shares. Quite frankly, my main reason for this hesitation was simply based on the hope of higher returns with MSTR than BTC. As of now, I am 100% fully allocated in BTC. I've finally decide to stay focus with my original plan, stay fully allocated to BTC.
The reason is, more than simply returns, I believe in everything that BTC has to offer, and holding BTC is my way to be an activist fighting for the good fight. I believe in decentralisation, economic freedom, self sovereignty, ethical investment, sound money, and these are all aspect that BTC, and BTC only, can offer for the people. A public company cant. So as much as I love Michael Saylor, my vote goes for BTC only.

I think this is just like comparing storing your money in centralized exchange and in a self custodian wallet. Buying the stock of MicroStrategy might seem more profitable at a glance but in reality, holding the real Bitcoin is better because the risk in the stock is magnified when Bitcoin price drops because majority of their company's worth is in Bitcoin. There is no guarantee that when the shares drops during bear market, it will rise again when bull market returns. On the contrary, during bear market, Bitcoin value in personal wallet may reduce but the quantity remain the same and when bull season comes, the price will recover. So, I am more comfortable with holding Bitcoin than the shares of a company that holds Bitcoin.

Every time bitcoin has one of its "blow-ups", I will get random calls and or text messages asking to speak with me about it.  Much of my family and friends know that I'm (at least in their minds) a bitcoin "expert" (which I am not) as well as a financial advisor, and want to speak with me about it all.

One such recent phone call was with my best gf's step father who I was just told "wanted to speak with me about bitcoin".  After about a 30mn conversation, we mostly just spoke about MicroStrategy and it was mainly me trying to explain how it's NOT the same as owning bitcoin.  It's a stock, with a company behind it, which is nothing like bitcoin.  So, if you're interested in bitcoin, buy it straight up or through an ETF.

I won't invest in MSTR for the same reason why I won't buy ETF. I don't need that. I don't need to make my bitcoin position more risky by turning some of my bitcoin into a stock option.
I don't see it as a safer investment than bitcoin and I'm not greedy. If it makes 5% more than BTC so what? I'm not going to catch the BTC top anyway, I'm not even going to try, so my real realized profit will for sure be far from the top of both Microstrategy stock and bitcoin. If we make $200k this year I'll maybe turn a bit of my bitcoin holdings into the things I need, but it will be a few % so what difference does it make if I do it 10% below the top or 20%?

Microstrategy simply trades as leveraged bitcoin. In a bear market people are down on it so they sell it below the company's btc holdings. But now while people are excited about bitcoin they buy it far beyond the company's bitcoin holdings. It's a more risky, leveraged play on Bitcoin. Personally I'd rather just hold bitcoin than take on that risk. I suppose in a retirement account I would probably split some of the portfolio between Microstrategy and the ETFs. But for money not in a retirement account, money that can go anywhere, I'd rather just own Bitcoin itself. But certainly for people who want to do this leveraged sort of play you can make more than with bitcoin itself if you are buying microstrategy during bear market and selling during bull market.

I would go for owning bitcoin myself. At least, you have all the freedom what to do with your btc portfolio. And if you badly need it, you can also easily cash it out in your own time. This is also best, if you are already familiar with this market because you can do anything what you want to do with your holdings. If it is under third party financial companies, for me, treat it as not your own btc because you still need to do some transactions before you can really get it our from their hands. Do remember, "not your keys, not your coins."

BUT if Chad Saylor decides to sell some Bitcoin, it would be in profit and what is his fiduciary duty as executive chairman of MicroStrategy? To increase value for the holders of the stock of the company, WHICH could mean stock buy-backs or capital allocation into other forms of investment that will be profitable for the company. Plus will he truly be a TROLL like Elon Musk? I believe not.

Like you, I really love BTC, but I'm not too extreme in my investment. We invest to make a profit, and any asset that has value and the potential to generate legitimate profit deserves to be on an investor's watchlist, including BTC, BTC spot ETFs, and MSTR or stocks of BTC mining companies.

BTC can be seen as an extremely safe investment and has the potential to generate stable profits every 4 years.

Spot ETFs are easy to participate in and have a value linked to BTC.

MSTR is the stock of the most famous company related to BTC, even more famous than Coinbase on the stock market.

Each investor will choose for themselves a way to allocate capital that suits their risk appetite. I don't think there is any portfolio that is perfect for everyone.

If BTC falls, Microstrategy will fall too, ever since they started getting involved with BTC their stock became tied to BTC price. However, Microstrategy is also perfectly capable of screwing things up on their own, like dabbling into altcoins, dumping their BTC, and in general doing stupid decisions. So compared to BTC it's extra risky, since it has all the risks of BTC plus their own.

I've read that they've bought again this plummet and that's around 9000+ BTCs again.

I'll choose to do it on BTC and will have my money entrusted on it than to invest on their stock that also buys Bitcoin. You see the loop there? if you can invest and buy BTC while you're going to invest to a company that continuously buys it and then the gains will mostly go to them and through their stock or share, they'll distribute that profits wherein you can maximize that profit by having BTC in your own custody.

There is not really a comparison to be had as the investment options we were given are too different, as even if the stock of Microstrategy has in a way established a strong connection to bitcoin, due to the high exposure this company has towards it, at the same time the functions of both of those assets are completely different, so those that want to truly own their asset, want to be able to use it as a currency and as store of value will pick bitcoin, those that do not care about those aspects and only care about making money should pick the Microstrategy stock.

MicroStrategy, however big it is, is controlled by somebody which means it's centralized and which means it can be manipulated. You have no full control of your shares. Also, you'll suffer if the company makes a decision that's not favorable.
Then there's also the fact that a company can crash and you'll lose your shares.
With Bitcoin you have full control and ownership of your investment.  You can use your bitcoin as an investment and also as a currency.
For how long do you want to hold the shares? The shares might not always be up forever and there's no true guarantees that it will rise again if it goes down unlike bitcoin.
If the success of MicroStrategy is based on bitcoin, while not go straight to bitcoin instead of the shares?

I'm not saying buying the shares is wrong. It's a very advisable thing to buy their shares, but in this context, I think I'll pick bitcoin.
That is why I'll say there should be no comparison between bitcoin and shares. Theyr both different investments and not in competition. If you have the means you can have both if you want.

I think for the correct answer to this question you have to look no further than the CEO of MicroStrategy.  Michael Saylor himself is dumping shares of MSTR as fast as he can personally and using his company to buy as much BTC as possible.  If the guy running the company is selling MSTR and buying BTC, why on earth would you think it's a good idea to dump BTC to buy MSTR.  You'd literally be going against the guy that you think is such a genius.  My advice, sell your MSTR and buy BTC.  I don't think Saylor is going to be able to keep doing debt offerings to stack BTC forever.  At some point it will sting him, but probably not until 2026.

If I have the same amount to choose from between bitcoin vs Micro strategy as assets, then I will definitely choose freedom over third party because with bitcoin I will have the total control over my money and investment, and can easily move it around, if the CEO can be holding such a large amount in bitcoin, it become obviously clear that we shouldn't be mislead into choosing what he have left for what we have at hand

Investing in bitcoin is much more easier than investing in any company share, and for the other factors such as taxation and other physical factor's that can eat up your investment,  so I will choose bitcoin over any form of investment no matter what the background of the company is even though the have background experience in investment.

Absolutely, definitely, Bitcoin in self custody.

In my opinion, the order goes as follows:

1. Bitcoin in self custody.
2. _{Bitcoin in self custody is always better.} Bitcoin ETFs.
3. _{Bitcoin in self custody is always better.} Shares of individual companies that hold Bitcoin, like MSTR.
4. _{Bitcoin in self custody is always better.} Shares of individual companies that are tied with Bitcoin, or their work is dependent on Bitcoin, like CleanSpark, Argo, Riot etc.
5. _{Bitcoin in self custody is always better.} Bitcoin on a CEX. This is the worst option in my opinion.

Op you copy this thread from altcoinstalks forum without referencing the author over there and this is plagiarism.

Copied work thread here

And original work or thread

Op as you copied the sources of the information about the thread you would have copied the source of the thread as well. Where you copied the in thread. Because the author of the thread over there is KryptoBull in altcoinstalks and you username here is Vincom which is they are two different persons and not one. So you now caught with plagiarism because you didn't reference where the information is taken. Therefore I will like livesmayfamilis and others to come cross check the two threads.

I've always seen buying altcoins and stocks of cryto companies like exchanges and mining farms as adding another layer onto your bitcoin investment. By doing so you're really buying bitcoin, just with another multiplier on top of it that will lose value if the underlying asset (bitcoin) loses value, but can also lose value by itself, for instance if someone happens to the person behind it.
Let's say you have Coinbase or Microstrategy stock and the CEO gets abducted, or arrested, or is killed in an accident, the stock will plummet. Why would you need that layer of risk on top of your bitcoin?
What if bitcoin crashes? These stocks will also crash, so you don't have any immunity from bitcoin dumps, like you would have if you owned real estate or gold.

Micro strategy is pegged to the value of bitcoin and can't be greater than it, so I hardly find any reason to be investing with then over bitcoin itself, I think those that invest in MSTR are either decived into thinking its a better option cause they can't handle their portfolio themselves and make profits from it, so they buy MSTR for safety.
Self custody is the goal to me, buy your bitcoin yourself, hold it yourself, learn all that would make it a better investment and why you need to hold for long and that way the only difference between you and micro strategy would be capital to invest.

Please check the time and read the Note section in AltcoinsTalks's topic, you will get the answer :)


Thank you for your perspective on BTC-based stocks as a risk layer for BTC, it is really interesting. We can view them as a type of leveraged asset: they increase in price better than BTC and decrease in price worse than BTC. As with any asset or investment instrument: profit comes with risk.

Some investors will want to choose only BTC, while investors who accept more risk can choose BTC-based stocks with the expectation of higher returns. From the perspective of diversifying the portfolio to reduce risk, I think investors also have the option to invest in both BTC and BTC-based stocks.

If you want to have someone manage your Bitcoin investment and try to guess the ups and downs of Bitcoin better than the marketplace, while purchasing them with debt when he thinks they are a value and then slice off a chunk of your investment as a management fee, then by all means, Microstrategy is the way to go!

I trust bitcoin more than micro strategy so I would choose bitcoin in this case.  Because I am a crypto currency investor and also in Micro Street which is currently such a hot topic only by investing in Bitcoin.  If they change their decision in the future, there may not be so many discussions now.  So I will always choose Bitcoin between the two options given by you and I don't have to open any account to invest here, no documents are required.  Where else can I get better facilities than this.

It is impressive that out of 23 votes no one has chosen MSTR. Just because MSTR had increased 2x gain than Bitcoin did doesn’t mean I’d leave Bitcoin for it. Bitcoin is unique and with patience, you’ll eat some really fat bone. How much is MSTR today? Has it also done what Bitcoin has done this year? There are too many reasons to rather stick with Bitcoin. One of many is that it’s an asset for everyone.

https://www.talkimg.com/images/2024/03/31/VRoeI.png

You didn’t get my point I am afraid. If I was a MSTR investor, I would dump my  MSTR shares the moment I heard Michael’s decision on buying btc. Like I said, MSTR is a software company. I don’t exactly know what kind of software company it is but I know that they should be making their money from making apps. Any other income they make will not be coming from their main business activity which is making apps.

TSLA is doing the same thing and it is concerning.

If they (TSLA and MSTR) want to be an investment company, they should either convert their company to an investment company or they should start another.

If I was a shareholder of KO, I would want my company to sell lots of soda and some junk food would be fine too. That's their job. They shouldn't be doing something else.

It is a bad sign for a business, it means they can't generate enough money from their main activities.

The difference is that Bitcoin is decentralized and not controlled by a single entity. Hence, it is best to invest safely in a Bitcoin and store it in a secure wallet.
On the other hand, although I have never invested in MSTR, after doing some research, I found out that MSTR is controlled by microstrategy and is not as decentralized as BTC. Investing in MSTR is suitable for those who fear managing their portfolio on their own. Moreover, MSTR has good management and is capable of generating higher returns, but none of us know how it will perform in the future.
 So in this situation I cannot trust any third party. I like to keep my BTC in my wallet all the time.

I don't know MicroStrategy that much, I've read some but I will not take a risk to the things I don't know. So I will invest in Bitcoin all the way, ever since 2017 when I started here in forum. I bought some Bitcoin before and I want to buy again, I bought a lot of things back then and I don't regret selling it and will not hesitate to buy again.

I just checked the result of this poll and out of 25 votes, 21 were for Bitcoin and zero for MSTR. It's very clear that people knows well that Bitcoin is the safest and wisest way to go for. Saylor might be a genius guy but he is not as reliable as Bitcoin. Microstrategy and Saylor no doubt has a lucrative portfolio but we don't know at what price and when they quit Bitcoin. Previously we saw Musk doing same thing. So that's why majority are with Bitcoin nor with any personality.

MSTR is a listed stock, it is not decentralized. Decentralization is not a need for traditional investors, and they are also buying spot BTC ETFs instead of BTC.

As a person who cares about decentralization, you choose BTC. On the other hand, from an investment perspective, MSTR is making huge profits in BTC in the same period of time. I think each investor will have the most suitable choice: BTC, or MSTR, or BTC + MSTR :)

Now, MicroStrategy(MSTR) seems to become like COINBASE before, where COINBASE have these stocks while they are a cryptocurrency exchanges.
Before,  a lot of people telling that why buy Coinbase stocks where you can buy Bitcoin instead as their stock price sometimes correlate with  Bitcoin price.

Coinbase and MicroStrategy are companies with different products which can be related to Bitcoin or can be expanded to more than Bitcoin, like cryptocurrencies and other Technical products.

When you invest in stocks of Coinbase, MicroStrategy, you are investing in more than Bitcoin. You are taking bigger risk that those companies will continue their successful business and even have belief that they will expand their companies bigger and more successful.

If you want more safety, invest in Bitcoin only and you don't have to mind about future of Coinbase or MicroStrategy. Not all their products will succeed like Coinbase spent massive budget to build their NFT marketplace which failed.

Coinbase NFT halts artist drops as 24-hour trading volume barely reaches $100 (https://fortune.com/crypto/2023/02/02/coinbase-halts-nft-artist-drops/)
Coinbase's NFT Marketplace Gains Fewer Than 150 Users in First Day Open to Public (https://decrypt.co/99561/coinbase-nft-marketplace-150-users-first-day-public)

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Also pls be respectful

If you're in this community then buying an ETF over actual BTC seems backwards. This was obviously targeted at the mainstream.

Firstly MSTR is simply business   which would be finance based on the profit realised if the reverse is the case the business crashes. Investing and buying of her stock is way much risky than investing in Bitcoin which is decentralized and one how control over there investment.
Self-Custody is the only means one can use while investing in the cryptocurrency market not investing in third party system while would I want to invest in stocks owned by exchanges, Coinbase failed from the market after massive investment put in for there NFT , MSTR has good capital structure for her investors and is accumulating more Bitcoin, I think those that  invest in MSTR are in for profit making over there stock in a shorter time range and careless over managing there portfolio themselves.

I would invest in Bitcoin not MSTR.

To be fair, when investing in bitcoin, we don't need to worry about the future of Coinbase or MicroStrategy, but we will need to pay attention to the future of bitcoin. Because the future of bitcoin has no 1000% guarantee that it will be absolutely safe and always bring us success, and it can be said that everything has risk. But because we hate centralization and when we invest in those companies, our assets will be controlled by others while bitcoin gives us privacy and full control. Therefore, choosing bitcoin will be more correct and safer.

Everyone has their own criteria for profit and risk, even decentralization. If you prioritize decentralization, you choose BTC because BTC is the most decentralized asset in the world. Those who want higher profits can choose COIN or MSTR if they really believe that these securities will increase in price more than BTC in the future. Traditional investors prefer the simplicity they are used to, and they choose spot BTC ETFs and COIN + MSTR.

I think we are different, and we will have different choices. I respect all choices because in the end, each investor will enjoy their own profits or losses.

Of course, everyone's investment taste is never the same and we need to respect each other's choices, not criticize other investments just because we don't choose them. Honestly, I'm still more focused on profit than decentralization or privacy because if I don't have the money then decentralization doesn't mean anything to me. But I still bet on bitcoin and believe it will grow better, faster and bring me greater profits than any other investment including stocks of large companies.

If financial feasibility allows, both approaches will be incorporated into my strategy. MicroStrategy, a reputable company with a proven track record, prioritizes safeguarding its reputation. Moreover, they possess diverse investment opportunities beyond Bitcoin. With their capabilities, they can aptly make sound decisions for investors, provided they are inclined to do so. Opting for their services not only grants access to their expertise but also empowers investors to actively manage their portfolios at any given time.

Of course I will choose Bitcoin. I'm a crypto lover, I'm not a fan of stocks.
Even MSTR is great, it is not the same as Bitcoin. MSTR can be stock of one of the popular companies in the world, MicroStrategy. But it can't be as flexible as when we invest in Bitcoin. Analyzing the potential of MSTR will be also different from Bitcoin. Honestly, I'm not familiar with stocks, I'm familiar with crypto world. So, no doubt I will prefer BTC over MSTR.

Both have the risks. I don't really know MSTR but I think the risk will be the same as investing on most stocks of common companies. Investing in BTC can be riskier but I can deal with the risk in Bitcoin investment. Meanwhile I don't have an idea to deal with the risk on MSTR investment.

In the long term, BTC has outperformed most stocks in the market. We can compare BTC with S&P500 and DJIA to see this, but the story will be different when comparing BTC with BTC-related stocks like stocks of BTC mining companies, COIN and MSTR. Anyway, this doesn't matter because even if you prioritize profits, you also have priorities related to asset security and peace of mind during the investment process.

We can expect long-term growth in BTC price while not knowing what could happen to MS or Coinbase next month because they are still just companies run by a few people. I respect your portfolio and believe it is a reasonable portfolio from a wise decision!