Replying to Avatar Sleventy3

His debt is due starting 2030 (fact check me please), at a low interest rate.

Betting for sailor’s failure is a bet against bitcoin.

If he is margin called in 2030 at an average buy in price of 100k/coin, we’ve all lost.

Sailor was simply first. And pioneers always seem regarded to everyone else.
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Bud 1y ago

He’s not using margin trading though.

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Sleventy3 1y ago

Pardon my jargon. I think my drift is spoken though, no?

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Bud 1y ago

Sure, I just don’t think anyone has made the convincing case for how their business model ends. If they can continue increasing Bitcoin per share (Bitcoin Yield) using forms of debt that do not encumber their massively expanding HODL bag, how does that fail? The bigger they get, the cheaper the capital they attract to pay off older debt and buy more Bitcoin.

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Sleventy3 1y ago

Bitcoin has no top. Because fiat has no bottom.

Thats the bet.