If MSTR crashes after saylor potentially sells some coins, I am going to buy all of it. Every penny I can afford in my IRA is going to MSTR. Maybe its a bad idea, but that's how I feel about it
Discussion
Why would he sell
I have no idea at this price level, but he used to say he would never sell now (i suppose his lawyers) are having Saylor and Le go out into the world and talk about the circumstances (<1 MNAV) where they would sell. When suites start talking about hypothetical scenarios where they would behave antithetical to their prior statements that usually means they are preparing the market for the eventuality. Priming us for a sale.
If they sell and he breaks his "you never sell your bitcoin" mantra, I imagine confidence would fall along with the price. I don't think the company is going anywhere soon so to me that would be an opportunity to be greedy with blood in the streets.
Confidence breaking may be an understatement.
I've been curious as to what happens to Bitcoin if the MSTR complex breaks. I think you could make a legit argument that he has been responsible for price appreciation over the last 3 years.
If MSTR breaks and price plummets, odds are the ETFs follow suit. I cannot see any reason why they wouldn't and that has been the massive buy pressure over the last 18 months as retail has been long gone.
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Respectfully Im not reading all that.
Don’t try to catch a falling knife. Wait for bitcoin to find its bottom, then if MSTR shows recovery then you enter. Things are going to get a lot worse before they get better.
I agree, and appreciate it. I actually bought some STRC just for the cash flow since I dont have time to be a hedgefund manager right now, but I took my profits on MSTR and now Im waiting.
Patience is key, still gonna be about a year for this bear market to play out. It will be a slow bleed with some chop from here on down.
