Is MicroStrategy just another shitcoin?:
Discussion
Yes. Its a failed business that staying alive because of bitcoin
Harsh, but true.
Trump's going to try it with a country next 😂
Why are you saying that?
Bitcoin plebs who have an average price of $30K per coin are in profit, yet $MSTR is in loss
As of August 2024, MicroStrategy's average purchase price for its Bitcoin holdings is approximately $36,798 per Bitcoin.
But they haven’t implemented the new fasb accounting rules..
Yes it is. It's a company dependant on working law enforcement, legislature and political stability of the USA.
No...and the loss was due to silly accounting rules that force you to take a loss when BTC goes down, but not realize the gain when it goes back up...
If a third party is capable of making you a loss when you have actually made a profit, then I believe this is the very definition of a shitcoin!
It's accounting rules--(i.e. government lies in a different form).
Companies like MicroStrategy that have BTC on their balance sheets are just HODLers in a different form--they're good for adoption.
Saying MSTR is bad is like saying HODLers are bad...