Buying MSTR is the same as shitcoining
It has counter party risks, you are gambling on fiat denominated stuff and it is not unconfiscatable/censorship resistant money
I’m okay if you want to do that. Really I am
But please shut up with calling out shitcoiners. It’s hypocrisy
I know this will trigger a lot of people
But I’m not scared. The reason we all came into Bitcoin and stay away from centralized stuff is because of the unconfiscatable hard money.
A stock will never be that
It’s just a privilege western people have to gamble on those stocks. It won’t fix the money and world. It won’t help unbanked people
I have money in a 401k from my employer because they match up to 6% and i can't touch it until I retire. I keep 90% in a Bitcoin ETF and the other 10 in MicroStrategy. This is not the same as a Shot Coin creating supply out of nothing. MSTR is the opposite. They create fiat out of nothing to buy Bitcoin.
Again I have no problem with people doing it. But it’s not Bitcoin
It is important to point out that it's not "your Bitcoin" until its in self custody cold storage. I totally agree.
#Yestr 🫂
You cannot self custody MSTR.
The MSTR trade is exactly the same desire as people have with thinking they should buy crypto to get more gains than bitcoin
It’s not humble at all
I dont know, MSTR got a gorgeous ass. 🙈
That's the problem. It looks attractive, but you may get caught with your pants down.
Well we can watch and admire. 👀👅 Bitcoiners, why do we have to be so modest 🙈
It's funny Bitcoin is the most amazing opportunity ever, we looking at around a 100X low target next 12 years from here and some how we still look for even better gains. There is definitely a moral to this story.
🙈
🎯
MSTR is a publicly traded company, not a shitcoin.
It has 400,000 bitcoin in treasury, which is not a shitcoin.
Hating the stock is a YOU problem, not a shitcoin problem or Bitcoin problem.
I’m not hating the stock
Not at all
I understand people want to buy it (all with the play to get more returns than BTC, why would you else try that)
I’m just saying MSTR has non of the characteristics of BTC. Not verifiable, not censorship resistant, not decentralized, not accessible for every individual, not unconfiscatable, ….
So is every other stock in the world.
You have to realize that some institutions cannot own Bitcoin directly but can buy corporate bonds, which is what MSTR is selling.
As long as Bitcoin appreciates, their bonds will remain valuable, so will the stock.
Point is MSTR is not a shitcoin, and keeping saying that it is will not make it so.
You completely ignored what I literally wrote so I’ll just repeat it again:
I’m just saying MSTR has non of the characteristics of BTC. Not verifiable, not censorship resistant, not decentralized, not accessible for every individual, not unconfiscatable, ….
1. Meh…not the same imo. Especially if one’s fiat melting ice cubes are trapped in a 401k/IRA that doesn’t allow you to convert to 🌽.
2. BTC is best.
3.
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The issue is more nuanced. This brings into question ETFs. Because it's the same concept. MSTR is backed by #bitcoin, and backed by a CEO that is a honey badger stacker. 😂
MSTR is backed by trust. Trust that they own the bitcoin, take care of the keys, take appropriate decisions, …
Holding Bitcoin in self custody is backed by Bitcoin
I understand the skepticism here. But we do have American market regulations, we aren't starting from scratch here. This isn't FTX/SBF. I think people that are spreading the "does saylor actually have the coin" is short book FUD.
I’m not saying he’s FTX
I love Michael and i think it’s genius what they are doing
Just saying that it hasn’t any of the characteristics of Bitcoin and why you would own Bitcoin in self custody
That's fair, but who is say it is? Btw I really appreciate this discussion. Only on nostr.
I read a lot of Bitcoiners who are calling out people who do anything else beside stacking sats as an investment but all of a sudden MSTR is good and not the same shitcoinery
Yes appreciate having a good conversation
My view is you save in bitcoin but if you really want to grow your money you have to invest. Investing to increase your stack beyond what you can do just saving. This principle goes back to Babylon. And I believe it still applies with bitcoin being money.
A shitcoin is just a affinity Bitcoin scam a business running on business is not the same thing as a shitcoin but so many just blindly think anything that is not bitcoin is a shitcoin this lacks any critical thought which bitcoiners are typically critical thinkers so perhaps this is in fact the hypocrisy
What I think is interesting is, what is the "correct" multiple of NAV on MSTR? Nobody really knows because we've never seen a business like this before. What is the comp?
That’s a good question I recently liquidated my position because it seemed to be getting high but it could go a lot higher in a bull run. In a bear the Nav could come down sharply.
Especially, they hold bitcoin on coinbase...
