Morning gentlemen.
Saylor doing some serious buying.
STRC is starting to do some heavy lifting as well. Been buying the daily mined coins and then some. 5300 BTC purchased last week. Estimated 1300~ yesterday.
https://strc.live/His money, his business, but with so many dips lately, he buys when the price reaches $70k
Considering the amount of coins, he could have saved a lot of money if he had a little better timing.
Easy to say that he should buy at lower prices. But comparing spotprice to OTC and large volume is not fair.
He does not care about price and short-term price actions. Saylor is in the business of
not selling.
If he wants, he can pay 20% more than the current price on the market, but if he had a little better timing, he could buy more BTC for the same money than he is buying. Saving 5% or 10% on amounts of $1 billion and up is not something that should be thrown away lightly, but when you have money like that, obviously $50 million or $100 million doesn't mean much.
There are all kinds of folks questioning Saylor/MSTR and their average cost per BTC, yet they seem to be playing a wee bit different game in terms of trying to use other people's money as it comes available, and perhaps engaging in a form of signaling... Furthermore other people's money largely comes available as the BTC price is going up... yet sure, at the same time, I will concede that even I see that there seems to be a lot of evidence in place that supports claims that they are purposefully engaging in forms of equity (and good will) dilution that shows a certain degree of desperateness and/or degeneracy rather than actions built upon rationality.
We will see whether there seeming degeneracy and their ongoing insensitivity to price is going to end up playing out well for them. A lot of folks would like to see the market punish Saylor/MSTR for its behaviors, yet it remains hard to really see that the level of their degeneracy has gone far enough for the market to even be capable of punishing them in any kind of meaningful way.
[edited out]
Saylor likely has trillions to spend from backers we know nothing about.
Sure. That is another question regarding the extent to which Saylor is who he claims to be and/or if there might be some deep state backings.
I am not going to claim to know anything, even though I agree that sometimes we have to consider scenarios that are other than those that appear on the surface.
But buddy has moved past 69 and is in the 70s which is what I hope to be doing next January.
Come on Phil. Cheer up.
Yeah.. I know. None of us is immortal.. at least the "real" non-bots in these here parts.Wow, i have yet not seen such utter BS as this, so far:
https://www.youtube.com/watch?v=yLe30cQmjZISwitch audio to english, if needed.
Trigger warning:
+ BTC Conspiracy theories of the wildest sorts
+ XRP shills
+Lots of hearsay arguments and hype "reasoning"
But i found it really funny
That has got to be a parody, since it quickly touches upon a lot of the various outrageous talking point and takes the talking points to a bit of an extreme in a very dumb kind of way.
In other words, those guys are likely actors.
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