Another day and it gets worse… Strategy just moved $30,000,000 worth of Bitcoin to Coinbase. Looks like they are going to begin their plan of selling off Bitcoin at a loss to cover the interest on the debt they used to buy Bitcoin. Glazers everywhere are cobbling together a reason why this is bullish…
“Think of the tax loss harvesting. Saylor is a genius.”
Somehow I doubt Saylor geniusness. This guy is more focused on getting attention on social media through his podcast and tweets then on how to invest effectively in Bitcoin. Even after 5 years of his investment in Bitcoin, he is still at break-even or getting just a small profit. He is not an ideal person to follow for Bitcoin advice. Just my few satoshis.
Holy fucking shit WatChe. Are you just making shit up? Of course, if you just look at some dumbass metric regarding how much Saylor (meaning MSTR) paid for each bitcoin, then you could proclaim that MSTR is spinning their wheels and they are at the same place nearly 6 years later.
Remember the company started buying bitcoin in August 2020, and they had an overall networth that was somewhere in the $500 to $600 million territory, and their very first purchase of bitcoin of around $250 million was fairly aggressive in terms of using around 75% of their then cash reserves, and I am pretty sure that there were various points that even I (aka dumb lil neophyte, me) had criticized them for the level of their aggressiveness, since it seems that even around that time, i had been suggesting anywhere between 5% and 25% of a bitcoin newbie's liquid, semi-liquid or even investment portfolio could be put into bitcoin as a starting position, and if the guy happened to be aggressive, then he could potentially, with his own judgement, work to higher levels of aggressiveness beyond 25%.. and so surely, I doubt that I had ever been so patronizing as to presume the judgement of other guys, and I am surely am also not against various levels of debt that could be deployed so long as such debt is servicable from existing and/or anticipated cashflows..
Many of us recognize/appreciate that through the years, Saylor/MSTR has ongoingly, persistently, consistently, regularly just increased the level of both their aggressiveness in buying bitcoin, yet their various creative ways to use other people's money (including their own money by capitalizing on their own good will and perception in the market) to regularly buy.
It seems quite outrageous when anyone proclaiming to be "looking into to the matter" or claiming some sort of insight into MSTR/Saylor to be proclaiming that he has not gotten anywhere in the last nearly 6 years.
Look at the company. Currently, it has a valuation that is right around $55 billion - which just on the face of it is more than 100x higher value that it was in August 2020. Sure MSTR has various encumbrances and various complications in the various debt and obligations that it has, yet I doubt that it is even close to as overextended as anyone is claiming them to be... which largely means if they were to settle all of their debts, obligations and encumbrances, they would still be multiples (and most likely magnitudes more wealthy today as compared to where they were in August 2020).
Even though I appreciate quite a bit of the talking points that Saylor/MSTR has generated through the years, even though there are even likely trade-offs in some of the talking points that Saylor/MSTR has put out there related to financialization and paper bitcoin rather than seemingly less and less recognition of self-sovereignty and directly transacting with bitcoin, so I am not even a Saylor/MSTR fanboy based on some of the additional high levels of aggressiveness of their vacuuming up so much of the bitcoin supply, to the extent that they are not rehypothecating their bitcoin holdings and to the extent that they are sufficiently securing their holdings. They might even be (or become) a bit of a existential threat to bitcoin, to the extent that trying to corner the supply has any actual abilities to undermine bitcoin and/or the collaboration with other large holders of bitcoin who might end up engaging in behaviors that greatly damage bitcoin (or set it back in some of its abilities to progress).
In any event, the crux of your statement in regards to MSTR/Saylor not getting anywhere in regards to their bitcoin involvement comes off as a quite incomplete and superficial assessment, including even some lack of perspective - not that I am even claiming to understand how some of their bitcoin derivative products work or even my own sometimes questioning if they hold the coins they claim to hold and/or if they might be purposefully (or even sloppily) creating or exacerbating various bitcoin vulnerabilities.
Buddy, you have come this far and you shall go no further.
nice
BTCbuddy be blocked bigly by bobclawblaw
along with goldkingcoiner
oh doing a push towards 12,000 merits only 75 short
Do you think that one bot blocking another bot really serves much if any purpose beyond just providing additional clutter? Sure, the clutter is of a differing nature, yet it seems to me that if there are some posts that are merely done for the purpose of breaking Buddy's streak, then they provide pretty damned close to zero value, whether they are done by person or another bot... .. even though I would concede that at least with a person, there might end up potentially being some level of actual consciousness (spirituality) or whatever it might be that "we" humans potentially (or likely?) have that bots don't have.
Sure, it could be that some peeps and/or some bots might want to argue these points, yet how much value comes from arguing with a bot? I have my doubts that the value goes beyond "fairy" tales..
hahahahaha my lil largely gratuitous dig at cAPSoh doing a push towards 12,000 merits only 75 short
Merit: 12000 - 11975 = 25
Are you trying to imply that Phils maths and sciences might be at similar levels as proudhon?
hahahahahahaha
By the way, a whole year and 15 days since
proudhon was active, and slightly more than 2 years since his last forum post.
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