Did I do the right thing? I bought shares of MicroStrategy.

[Poker Player]

I think I made similar points on my thread in the past:

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

You should have read more carefully!

Having said that, hope the best for you and your investment!

I know your thread and I have commented on it, what happens is that I have not read the entire 25 pages of the thread, I guess what you comment was in some of the pages I did not read.

Anyway, I would like to point out to some of you catastrophists that I have not bought MSTR shares instead of buying Bitcoin. When I did that it was because I used to buy stocks from the stock market and instead of buying P&G, for example, I decided to buy from a company that had exposure to Bitcoin.

It seems that you have not understood it well or I do not know if I have not emphasized it well: I have Bitcoin that I keep in a hardware wallet and I keep buying regularly. I added 0.01 BTC yesterday for example, as I commented on the WO thread. So most of my investment is in Bitcoin directly and I have the private keys.

I think I am going to put this in the OP, so people don't get confused.

[1715003744]

1715003744

[1715003744]

1715003744

[mk4]

Anyway, I would like to point out to some of you catastrophists that I have not bought MSTR shares instead of buying Bitcoin. When I did that it was because I used to buy stocks from the stock market and instead of buying P&G, for example, I decided to buy from a company that had exposure to Bitcoin.

It seems that you have not understood it well or I do not know if I have not emphasized it well: I have Bitcoin that I keep in a hardware wallet and I keep buying regularly. I added 0.01 BTC yesterday for example, as I commented on the WO thread. So most of my investment is in Bitcoin directly and I have the private keys.

I think I am going to put this in the OP, so people don't get confused.

Mate, you're taking people's answers a bit too seriously.

The main sort of 'criticism' was sort of like "why buy MSTR if you can buy BTC?". But maybe you have an excuse on why you couldn't easily pull out your fiat from the broker to your bank account so you could buy actual bitcoin. If you did have a reason, then maybe it makes your decision justified. But in the end, we readers don't know. Hence why a lot of times it pays to be really detailed on your reasoning as to prevent those answers that you aren't looking for.

[LFC_Bitcoin]

I mean it’s not a bad idea but I don’t see why you didn’t just buy bitcoin dude. Microstrategy shares clearly depend heavily on the price & performance of bitcoin so why not cut out the middle man.

[stompix]

Anyway, I would like to point out to some of you catastrophists that I have not bought MSTR shares instead of buying Bitcoin. When I did that it was because I used to buy stocks from the stock market and instead of buying P&G, for example, I decided to buy from a company that had exposure to Bitcoin.
It seems that you have not understood it well or I do not know if I have not emphasized it well: I have Bitcoin that I keep in a hardware wallet and I keep buying regularly.

I doubt anyone that was criticizing the move made that assumption or thought you had sold your coins for MSTR shares, everyone was wondering why buying shares when you could have bought bitcoins.
And the thing that instead of buying shares in a random company you decided to buy shares in micro is not really making sense, you could have simply cut your stocks acquisition budget in half and use half of that money to again buy bitcoin if you weren't sure in which company to invest.

It would have been different if micro would have any other kind of bitcoin-related activity so you could say they would profit more from crypto on top of their holding but that is not happening, as mk4 pointed out in that graph the only thing that brings the shares up is BTC, so, what's really the point of buying?
I would have understood buying 10k of HSBC instead of depositing 10k in a bank account but with MSTR, unless they launch some kind of additional generating revenue, no it doesn't

Or this other “next best” Bitcoin-connected investment, buy and HODL some Coinbase stock. COIN? Its volatility is not highly correlated with the volatility of Bitcoin, and you might collect the rewards of the stock’s surge if the whole market/shitcoins surge.

It shouldn't be that correlated but it still is, if you're willing to take risks, some mining companies like Riot performed better during the dump on Wednesday night.

[fillippone]

Anyway, I would like to point out to some of you catastrophists that I have not bought MSTR shares instead of buying Bitcoin. When I did that it was because I used to buy stocks from the stock market and instead of buying P&G, for example, I decided to buy from a company that had exposure to Bitcoin.

Ah, yes, I am a catastrophist.
I see MSTR as a good investment for those who cannot access the real BTC markets for another reason. This adds a layer of complexity to the investment thesis, and the extra yield granted by this complexity (leverage) doesn't seem enough to me.

So, yes, stacking sats is still the best option.
But as I said, I wish the best for your investment! I am rooting for you!

[Lucius]

@Poker Player, I don't see anything wrong with you buying any stocks, much less those that have had very good growth. We can now discuss whether it would be better if you invested that money directly in BTC, but I don't see that it makes too much sense - because you can always sell shares and buy BTC or something else.

I always say "your money, your decision what to do with it"

[Poker Player]

In light of the latest responses, I will explain why for me it was a separate thing to buy bitcoin/buy stocks.

Anyway, I started buying Bitcoin regularly again, but still allocated money to other investments, mainly an S&P 500 fund and some shares.

Now I only buy Bitcoin. I don't invest in anything else. I used to also contribute to an S&P 500 fund and buy stocks, as I say in that quote. I guess until not too long ago I didn't quite believe that Bitcoin is the most profitable asset on planet earth. When I came to believe it, I stopped investing in anything else and just kept buying Bitcoin.

For me they were separate things, but I was doing them at the same time and regularly: contributing to the S&P 500, buying stocks and buying Bitcoin.

I suppose that investing in MSTR was the previous step, as they were the last shares I bought.

It was a change in mentality from thinking that Bitcoin was a good investment, but better to diversify, to thinking that it was the best investment and therefore not worth diversifying and better to only invest in Bitcoin.

But I have recently decided to go all in with Bitcoin. All the money I can save in a month I put into buying Bitcoin. I don't invest in anything else anymore.

Nor have I gone crazy and sold my other assets or borrow against my equity as Saylor recommends to invest in Bitcoin.

Ah, yes, I am a catastrophist.

I am rather going to call you a:

Jinx

 

as mk4 pointed out in that graph the only thing that brings the shares up is BTC, so, what's really the point of buying?

I guess the only point is to add a bit of leverage.

[ShowOff]

When I came to believe it, I stopped investing in anything else and just kept buying Bitcoin.

Bitcoin is the best investment choice for anyone who believes in its future potential. If Microstrategy can buy a lot because they believe in bitcoin, why should we doubt it? Actually I really wanted to answer your question about "Did I do the right thing? I bought shares of MicroStrategy", but I think people have answered it well enough for you. The point is that you will decide where your money can make a profit for yourself.

[aysg76]

In light of the latest responses, I will explain why for me it was a separate thing to buy bitcoin/buy stocks.

You have done the right thing and it is not documented that you only need to invest in bitcoin and leave other sources of investment.But we must choose the investment that gives us return in future not diminishing ones.Buying stock is also good option and MSTR shares have shown some drastic growth over these years and leveraging bitcoins and making profits both way.So you are on the right path.But as you already know if you talk about crypto market then bitcoin is the only best option available with us in all terms like prices, profits, security and complete decentralisation so don't need to invest in any shitcoins in the market.

Speaking up of Michael Saylor we can expect him to take huge debts also to buy bitcoins as MicroStrategy has already acquired $177 million of bitcoin the past day and now company has and has more than 100k bitcoins at $2.7 Billion approximately at average price of $26k approx by doing DCA investment and what a smart move on his part.This year bottom was also at $28k from $64k but they have acquired more at lower than it.

Talking about MSTR shares they have skyrocketed more than 600% from july only and those who have invested in it have gained profits out of it.Having profits out of our investment is goal so we all do such preference investment.