Nostr Web Client

It’s just not the best way to stack sats. Stacking sats is the best way to stack sats

I am still studying MSTY and IMST so this is a response from my first impressions looking at the product.

From the way I see it, MSTY isn’t about stacking sats. It’s about hedging out purchasing power volatility in the near term. Just like “never sell your bitcoin” at some point, you’ve got to manage the uncertainty associated with bitcoin. I’m 5+ years into this journey…and the returns for the cohort of bitcoiners who discovered bitcoin around the time I did are the worst 4-year hodl risk-adjusted returns in Bitcoin’s 16 year history.

The uncertainty has led me to pass over good fiat mine opportunities and sell a little bitcoin at inopportune times (like tax season - 25% below the ATH). Using a (small) portion of your wealth generating fiat yield while still getting bitcoin exposure in an attempt to hedge bitcoin’s volatility isn’t *obviously* stupid.

Now if MSTR ends up imploding because they don’t have their BTC then that’s a different argument.

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Discussion

Jordan 8mo ago 💬 1

Yeah I agree on that. Pointing back to Odell’s post though, he’s saying that influencers are saying “MSTY stock is the BEST way to stack sats”

And I’m saying a lot of people will come to believe that, but I don’t think it will end that way. Because they aren’t actually “stacking sats”.

For what it’s worth, I own MSTR, but also recognize it’s not bitcoin.

Brock 8mo ago

Same.