I don’t get the MSTR derangement from Bitcoiners. Wall Street is still clueless about this trade because they don’t get Bitcoin. Y’all had and still have a great edge on basically the rest of the world, and instead of taking advantage of the information asymmetry, you’re fudding like a bitch.
The funniest part is when their reason for being butthurt is that an equity is not money. Yeah, no shit, Sherlock…
I don’t get it either. My sense is that the criticism of MSTR stems from the idea that it might divert people away from holding Bitcoin directly, encouraging them to invest in a security instead. However, I don’t think this is a reality, nor do I believe Bitcoiners should shy away from securities altogether.
From what I’ve observed, most MSTR holders already have Bitcoin. I’d be curious to know, outside of institutional investors, how many stockholders don’t hold any Bitcoin at all (maybe trader degens).
The only FUD that slightly resonates with me, as an MSTR investor, is the lack of proof of reserves. That said, the consequences of a scam at that scale make me "trust" the company and Saylor. It would be completely retarded for Saylor to rug-pull everyone—he’s far from being a retard. If you think he is, you might be a mid-wit.
Another FUD is the claim that Saylor will eventually sell his stash to "capitalize on gains." But doing it would effectively destroy his company. MicroStrategy’s entire business model revolves around holding Bitcoin on its balance sheet, giving it a monopoly-like position in bond issuance tied to Bitcoin.
It’s baffling how much hate Saylor and MSTR. As you said, no shit sherlock—a traded security isn’t the same as cold-storage Bitcoin. Thanks for the tip, as if none of us realized it before buying the stock.
Anyone that owns MSTR and 0 Bitcoin is fucking crazy😂
I’m super bullish on MSTR. Higher vol bitcoin. Who doesn’t want that?? Hava
No kidding. Other than degen traders, I don't think anyone who holds MSTR doesn't have Bitcoin.
Honestly, I'm at the point where if I talk to someone and they don't hold Bitcoin, I think they're fucking insane.
It’s simple. They thought they had more time to stack, and microstrategy is a main factor in them not hitting their unrealistic goals. They also don’t like that it’s going up faster than bitcoin. Not hard to read the ops.
It’s age related. They aren’t old enough to have a retirement account which forces you to make decisions like MSTR. It was the same argument for GBTC. And I fucking killed it with GBTC in the IRA.
Outside the retirement account I only own BTC in cold.
There must be a bridge between fiat and bitcoin. MSTR is playin it perfectly. At any time you can convert your fiat profit to btc, or abuse the fiat world as Saylor is demonstrating by borrowing against your MSTR stack and pay $0 in taxes.
