Subnostr

I will not be selling any of my MSTR position in the middle of an amazing bull market. I have been building this this position since 08-2020. On Friday when the QQQ news was announced MSTR was $389. Right now on Tuesday morning in pre market its at $415. So no, I did not sell, and on paper, I am up so much that any pull backs are insignificant. FASB rules went into effect on Sunday and that is another major tailwind come Q1 earnings reporting. A possible S&P inclusion before this market turns into a bear market and ETF's creating a perpetual bid for BTC, a possible reserve asset allocation coming, ect... I have diamond hands with anything BTC related for at least another 6 to 12 months.

Chris 1y ago

Not suggesting selling for fiat. Just UTXOs.

Yesterday’s top will likely mark the top in the premium of MSTR market cap to its underlying value in BTC.

While it will remain highly volatile in the short term, the trend will likely be down….

2 reasons…..

History suggests that once ANY stock is included in a major index, its relatively performance stabilises. The tailwind (of premium, not absolute price) is not what is was during the “rumor” phase.

The FASB rule change will encourage big money players to hold their OWN Bitcoin now at the margin. Since the accounting rules are now not stacked against them. That was a big reason that MSTR was so popular with hedge funds. That “draw” is over now.

If these comments make you upset, then you are too emotional about the position. My experience as a professional investor taught me that is EXACTLY when I needed to step back and look impartially at ALL factors.

Happy to make a side bet with you that BTC will outperform MSTR over next 12 months to prove to you I believe what I’m saying.

Sorry if I’m over stepping. Just wanting others to have benefit of what I’m “seeing”. Right or wrong. Then they can make their own decisions.

Peace brother. 🙏🏻😌

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Discussion

mattaroo 1y ago

Its the opposite of what you feel. I am glad to have this conversation. I appreciate your experience and I like to step back from my own personnel analysis and get other opinions. One thing that I know is that you don't know what you don't know. Or said another way, I know that I do not know. I think that looking at the past to predict the future of this asset is not a good approach this time around. Literally, everything except the protocol itself is different this cycle and in a major bullish way. FASB really only matters to me in regards to MSTR in this next (Q1) earnings report. After that, you are right on point. Making a bet on this means that if I am wrong, I loose twice, and if I am right, the money I would make on the bet from being right is fractions of a penny compared to my profit (unrealized profit until it is actually realized).