Replying to Avatar Dylan

The best performing company over the last 4 years is using debt to buy more #Bitcoin

The largest #BitcoinMining company is using debt to buy more #Bitcoin

Are you paying attention? If so, then maybe it isn’t the worst play to take out debt of your own to buy #Bitcoin

Good old game of follow the leader

#Nostr #Fiat #Debt #Bonds #Mining #MSTR #MARA
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onthephone 1y ago

Just like 1929!

All that debt is the recipe for the Great Bitcoin Depression

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Dylan 1y ago

Hmm.. elaborate for me on that one

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onthephone 1y ago

Using debt to by something "that will only go up" always ends bad because nothing will "only go up" forever.

There are videos on YouTube that speak specifically to Saylor's strategy, but as a general rule in economics (and gambling) never bet more than you can afford to lose. And needing debt means you can't afford it.