Trust me saylor loves btc so much, he will do anything to get money and buy btc, saylor's DCA is pretty good he doesn't look at the price to buy btc.
Yeah, yeah!!! Fuckin' brilliant, yeah!!
....Don't know about people like you with just enough knowledge to sound ignorant, because if
this list of Saylor's BTC purchases is correct,
he is not dollar-cost-averaging anything. Jesus, look up what that term means.
I agree with reefsea that Saylor is largely DCAing since he is buying regularly, he is not sensitive to price changes and he is buying with a portion of money that is available, as it comes available (even if that money is coming available through the issuance of various kinds of self-initiated financial instruments).
There are two other ways to engage in buying, which is 1) buying on the dip and 2) lump sum buying. Saylor is not doing either of those two or at least what Saylor is doing seems to be way closer to DCA than either buying on dip or lump sum buying.
Now, TSC if you have some other category of buying or you believe that what Saylor is doing fits into one of the other buying strategies then make the case. The mere fact that Saylor is employing financial instruments or attempting to engage in frontloading of investing based on investing more money than he has by issuing various financial instruments, that does not seem to change the kinds of ways to buy bitcoin that to me seems to be limited to those three ways... but hey, argue your case for what you believe he is doing since you seem to have the burden to show why it isn't DCA rather than where what he is doing seems to fit as a kind of DCA approach for the reasons I stated above.
Now that I got off my new year's rant, I'd just like to add that I was shocked that he bought more--but at the same time kind of not, because that's obviously been his pattern. And boy, he made out like a bandit in 2024 as well as putting his *former software* company's name on the lips of a lot of people.
Ever since he got into bitcoin in August-ish of 2020, he seems to have been buying on a regular basis with as much money as he is able to put together to buy more BTC, and surely he has both figured out ways to make more money come available, and also it is not even his fault that people (institutions, governments - the market) seem to be more willing to throw more money into bitcoin when it is going up rather than when it is going down or sideways.
That said, and I know I'm going to get flamed here, he happened to make the right call on bitcoin so far.
You seem to be warming up to Saylor.. hahahahaha
Remember how doomy and gloomy you were about Saylor a few years ago, and proclaiming how irresponsible Saylor was and that he was going to be the target of a minority shareholder's lawsuit.
.
I'm happy for his success and it's nice to have a very deep pocketed corporate bitcoin supporter who's been quite vocal....but as no one knows the future and certainly no one knew with certainty where it'd end up at the finale of 2024, he took a very risky gamble and got lucky. But that's true for anyone who buys bitcoin at $X and sees its value increase to $X+$Y.
I doubt that he took a very risky gamble or that he got lucky, even though he does tend to play with BIG numbers, he also seems to ongoingly employ decently good hedging strategies, too... Think about the 2022 price fall in bitcoin, and he had largely had himself covered for falls down to $3k or lower, and folks were proclaiming that he was only hedged down to $20k-ish and other bullshit exaggerations, and yeah, we saw a lot of institutions and persons completely get wrecked in the lower $20ks and the sub $20ks because they did not know how to hedge their bets or they were employing way too much leverage in regards to what they were doing... Those wrecked guys of 2022-ish (and then fallout) and Saylor are two different categories of "risk takers".
Trust me saylor loves btc so much, he will do anything to get money and buy btc, saylor's DCA is pretty good he doesn't look at the price to buy btc.
I believe that he should start to be careful in my personal opinion. He's not doing his purchases using 100% of his own capital/money.
You seem to be talking out of your ass Wind_FURY about something that you either don't know about or you are just exaggerating the nature of Saylor's supposed fiduciary obligations. Of course he has fiduciary obligations, yet people are adults too.
Personally, I don't know enough about Saylor's custodial arrangements, and I consider potentials in regards to his custodial arrangements to be amongst the greatest of risks.. and I am not even sure how to mitigate that, such as if they were held in 10 different ways, then at least each of the 10 ways would ONLY have less than 50k BTC.. yet I am not sure if that resolves the custodial issue to have it spread out like that, either.. .since it would be a pretty BIG deal to have 1 or more of the 10 custodial ways to have weaker security than the others, so then spreading out between 10 might increase the risk of losing some BTC rather than keeping the BTC in fewer (but presumptively better) custodians.
It's actually a leveraged trade using MicroStrategy stock as collateral. If his average entry price goes high enough because of Chad Saylor's new Bitcoin purchases, that could give the trade a higher probability for liquidation.
Sure, if he keeps buying as the BTC price goes up, then we already see that his average price per BTC has gone up from $10k in 2020 to $30k in 2022 and currently $64k, yet at the same time, the longer that he is employing these strategies, the more of the BTC are moving to unencumbered categories, even though he is also re-encumbering the BTC too. If Saylor used to have $1billion in debt and $20 billion in bitcoin, yet now he has $5 billion in debt and $80 Billion in bitcoin, sure we could suggest that the ratios are getting worse, yet the level of debt seems to be less of an issue as compared to his need to service the debt at near 0%, so it seems that bitcoin would have to stay way below his cost per BTC for years and years before servicing the debt would become an issue...so I doubt that the cost per BTC is as dire of a situation as you (Wind_FURY) seem to be painting it to be.
I am not claiming to be an expert about MSTR risks, yet it seems that MSTR is already set up for the potential of 4 years or more of being considerably "under water." .. sure it could happen.. but is that our base case reasons why so many of us are in bitcoin and considering that bitcoin's investment thesis continues to get stronger rather than weaker, and yeah we can choose to not invest in bitcoin. because we believe that its odds of going up are not as great as its odds of going down, yet those seem like dumbass no coiner (and low coiner) ideas and folks who hardly have any clues about bitcoin, which sure an overwhelming majority of the world's population is included in the no coiner, low coiner and ill-informed categories of folks in regards to bitcoin, which neither Saylor nor many of us participating in this forum seem to fall in such a bitcoin ignorant category.
Although I believe it's a historic investment that will be written in investment and finance books, he should still be very careful.
Oh gawd you are coming off as an annoying mother who does not know the topic.
Yes mom.
What will he do during a -50% price crash? Will he scale down? Because that would indeed be very bearish. Instead of DCA at any price, it's probably better for him to wait, Buy the DIP, and HODL.
Aren't you the smartest in the world?
He probably needs way more than a sustained 50% price crash over 3 years or more before starting to get worried. I doubt his level of peril is even close to your level of concern and the nature of your recommendation comes off as retarded, even if buying the dip is good for a regular person who hardly has any cashflow. Saylor does not have a cashflow problem, so he can keep buying bitcoin with whatever cashflow that he gets... Hold his beer.. . He's got it.
Yes a lot of folks will be whining about Saylor/MSTR if there were to be a sustained 50% drop, and yeah there are a lot of dumb folks who are going to read too much into the matter, so Saylor will likely continue to be employed to be repeating himself in regards to continuing to have to talk about why the problem is not as great as all the dumb twats are imaging his supposed problem to be.
By the way, I see that Poker player probably responded better than me, especially on the no collateral aspect of MSTR's situation...since I think Saylor learned his lesson with his collateral Silvergate loan situation in 2022, in which he (the company) profited, but it ended up playing out as greater risk than what Saylor had previously anticipated.
