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Author Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’  (Read 14288 times)
JayJuanGee
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March 29, 2024, 03:20:20 AM
 #1021

I posted this and then saw JJG's post addressing my previous one, so I wasn't ignoring it, just didn't see it.  Once again, I'm not attacking Saylor and you're most likely right about the insider trading thing.  That's why I said I wasn't sure.  Just take what I say with a grain of salt and perhaps un-wedge that stick you have lodged in your behind.

hahahaha

I don't have anything against you.

I think that you might well be a fine chap, and from time to time, I even agree with some points that you make in various topics... .. .

It is just that it seem that you might not understand dee cornz very well, which contributes to my feeling some needs to respond to some of the points that you make - which are meant to be substantive disagreements that I generally tend to back up with either argument and/or facts, even though you have been registered on this forum for 9 years and 7 days..  Happy belated anniversary..

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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March 29, 2024, 02:22:25 PM
 #1022

From another angle, I also admire Microstrategy's dedication to accumulating bitcoin. Among the institutional investors, he is the only one I have seen who does that, as if he has no intention of immediately selling the bitcoins that he actually has.

It's not like his fellow institutional investors who have a timeframe when they sell their purchased Bitcoins, but he doesn't seem to have such a timeframe; instead, he just buys the price as long as there is an opportunity, He will take the chances to buy it. To be honest, bitcoin is that precious to him



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March 29, 2024, 09:07:09 PM
 #1023

From another angle, I also admire Microstrategy's dedication to accumulating bitcoin. Among the institutional investors, he is the only one I have seen who does that, as if he has no intention of immediately selling the bitcoins that he actually has.

It's not like his fellow institutional investors who have a timeframe when they sell their purchased Bitcoins, but he doesn't seem to have such a timeframe; instead, he just buys the price as long as there is an opportunity, He will take the chances to buy it. To be honest, bitcoin is that precious to him

Let’s say also that Micheal Saylor is “trapped” in his bitcoin investment.
As he stated he would never sell his bitcoin, he is now “obliged” to do so.
In case he sell any coin the consequences for the share price would be catastrophic, as the premium would evaporate almost instantly.

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March 29, 2024, 09:07:09 PM
Merited by fillippone (3)
 #1024

Any of those entities shorting may well end up getting reckt as fuck since they are trying to act as if the leverage on BTC is a bad play when BTC remains in its current location of noman's land (which is the price range that is within about 20% of the previous ATH, which is around $55k to $82k), while at the same time opening new kinds of buyers and buy channels that are still in their earliest stages of ongoingly putting UPpity price pressures on BTC.. so if you consider that either BTC or MSTR is top-ish in these circumstances, then you seem to be living in a dream.. and yeah, Saylor is going to attract a lot of haters. and no coiners/low coiners, bitcoin naysayers blah blah blah who are wanting (wishing) to see his failure (and bitcoin's) failure, but they (just like you) are going to have to keep on crying harder...

Yeah, sure anything can happen.. but it just seems that facts and UPpity BTC market dynamics are way the fuck against betting against either BTC and/or MSTR and/or the strategy that Saylor is employing.. and yeah, maybe charges could be trumped up since traditional finance folks and governments are in a desperate as fuck state of affairs regarding their own stake in several aspects of the perilous dollar/fiat debt system that seems to be crashing in a lot of places.. while ongoing rescuing attempts are made, that include ongoing lying to people.. which yeah, people (including you) may well believe some of the misinformation that's being fed and/or failing/refusing to recognize the power of the cornz and that Saylor/MSTR is working within acceptable loopholes in the system.. and if anyone is going to go after him, they are likely going to have to jump through a bunch of baloney loopholes, just like you seem to be cheering on.. with your ongoing anticipation of some kind of desire to say "I told you so" .. which instead you should be attempting to be more humble in regards to really attempting to figure out what is really going on with the traditional debt laden financial system and the way that MSTR, Saylor and BTC's role in that is being played... including that the spot ETF approvals and the various actual marketing of BTC by BIG ASS financial players..

In regards to my earlier description of the MSTR shorters, surely I don't claim to be any kind of expert in regards to what they are doing or even trading in the kinds of ways that they are doing, since those who place shorts (and/or profitable from shorting need to have a certain skill and/or luck and sometimes they will also employ informational warfare to get the market to agree with their short - which may or may not end up working out - since there could end up being a Streisand effect), and so yeah I would not be wanting to make those kinds of plays, but that is part of the reason there are differing opinions in the market including differing risk tolerances and differing ways to achieve success (or die trying to reach success).

I recognize that my own earlier characterization of what the MSTR shorters are doing was not very accurate since they are simultaneously shorting MSTR and longing BTC at the same time, so they are seeming to want to specifically attempt to arbitrage (or target) what they perceive to be the current MSTR premium to suggest that the current MSTR premium is way above and beyond the value of the BTC that MSTR holds and therefore the premium of the value of the MSTR shares is so far out of wack that it has to come back down closer to a more reasonable level.. and so it surely could be possible that the MSTR shorters could play the wave sufficiently well in order to actually profit from the current MSTR premium coming back down in line - instead of their getting reckt as I suggested to be a possibility, yet if they set their short of MSTR and their long of BTC correctly then it may well become harder for them to get completely reckt.. so yeah, earlier I had mischaracterized the way that they were shorting as if they were betting against both MSTR and also betting against BTC when they seem to be merely trying to ONLY be betting on the seeming premium coming down to what they believe should be more reasonable levels... which may or may not end up working out for them, depending upon how greedy they are before taking their profits (and close their short).. and also if the market ends up agreeing with them that the MSTR premium is too much at this particular time.

Edit:  Wow fillippone.. we posted at the exact same time... except yours was entered into the threadchain first.. so there is some kind of a micro-second measurement going on in these here parts.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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April 29, 2024, 08:16:54 PM
Merited by fillippone (3), JayJuanGee (1)
 #1025

@saylor
In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin . $MSTR

https://x.com/saylor/status/1785037831175630938

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April 29, 2024, 08:19:36 PM
 #1026

Twice beaten to news reporting by LFC_Bitcoin. Well done mate.

Fun fact: today. I read someone betting on Microstrategy stopping at 1% of total supply.
They were wrong only after few hours.

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April 29, 2024, 08:29:06 PM
 #1027

Twice beaten to news reporting by LFC_Bitcoin. Well done mate.

Fun fact: today. I read someone betting on Microstrategy stopping at 1% of total supply.
They were wrong only after few hours.

Stroke of luck really, I was on Twitter (X) and saw it was broken 4 minutes previously.

I thought they’d stop at 210,000 too, 1% of the total supply would have been an epic statement. Seems they are not going to stop any time soon, relentless.

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