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Buying MSTR is the same as shitcoining

It has counter party risks, you are gambling on fiat denominated stuff and it is not unconfiscatable/censorship resistant money

I’m okay if you want to do that. Really I am

But please shut up with calling out shitcoiners. It’s hypocrisy

thePR0M3TH3AN ✝️ 🥩 🍊 1y ago

I have money in a 401k from my employer because they match up to 6% and i can't touch it until I retire. I keep 90% in a Bitcoin ETF and the other 10 in MicroStrategy. This is not the same as a Shot Coin creating supply out of nothing. MSTR is the opposite. They create fiat out of nothing to buy Bitcoin.

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Discussion

Humble Bitcoiner 1y ago

Again I have no problem with people doing it. But it’s not Bitcoin

thePR0M3TH3AN ✝️ 🥩 🍊 1y ago

It is important to point out that it's not "your Bitcoin" until its in self custody cold storage. I totally agree.

Stu 1y ago

If you're not fully in control of the funds, then absolutely do what you can to maximize returns.

I don't trust any third party.

Humble Bitcoiner 1y ago

True, again I have zero problem with it.

I own stocks in my retirement account myself and also I see that as a way of shitcoining