I don’t get why all the bitcoiners is so hyped about MSTR.
ITS A FIAT MAXI PRODUCT LIKE EVERY ELSE WALLSTREET TRADED PAPER!
Discussion
It’s forcing other companies to take positions or at least start considering. Thats probably why people are excited. I’m not one of them but I can understand why someone might be.
But it’s not bitcoin.
It’s a derivative of it.
Agree. But the lens is still more fiat for those companies.
And that’s just not the purpose.
no lies detected.
In my opinion it opens bitcoin to a wider audience and it is a bet for people who live in countries with tax relief on the purchase of shares
Agree. But IT IS NOT BITCOIN. Every guy and his mother is all about MSTR these days. Which is fine. But don’t call your self a maxi then.
I see it as a vehicle to grow your stack you can only grow it so much from saving alone at these prices I will never dbl my stack without investing and taking on some risk. Just staking is the more prudent and risk free approach but it also lowers your growth in bitcoin terms.
*stacking
Stay humble, stack sats.
Id say If you wanna be in MSTR you still need to read a few books.
The purpose is not getting more fiat.
Your missing the point I’m trying to get more bitcoin not more fiat. Grow in btc terms. Bitcoin is money and in order to grow it you can save and invest. With BTC as unit of account your investment must outperform BTC in order to have real growth MSTR does that.
What books do you suggest I read?
You should read the richest Man in Babylon and see how that applies to bitcoin
Id put that one on my list.
I’d say Broken Money by nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a is the best out there.
Or Debt The First 5000 Years by David Graeber
Or Hidden Repression by nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu
The principles of Richest Man in Babylon really got me thinking about how to grow my stack beyond just saving. I love how the principles from thousands of years ago still apply today even with bitcoin.
I’ve read quite a lot of bitcoin books but will add these. I took a break from bitcoin books for more fiction and philosophy for a while as I felt saturated as if I was drunk on orange pills but still swallowing more lol.
I’m not specifically saying you as in YOU! But people in general.
I get the $ -> MSTR -> $$ -> BTC. Play👌🏽
🫂
I see it as a trojan horse and hopefully people start realizing how to improve their personal wealth which (🤞🏻) leads to understanding bitcoin
Its fine for those who is new. Or maybe needs to get exposure to it.
But don’t go call your self a maxi and be 50% in MSTR. In that case you still don’t actually get it.
