So i can just start a bitcoin holding company and people will just invest in it to buy and hold bitcoin for them? Alright…
Discussion
That’s the ploy… I mean …play.
Yea that’s what ima do lol
wtf is wrong with this cycle
This is probably said every cycle 😂
Seriously. This cycle is not like the others. It’s different. But, in that respect IT’’S EXACTLY THE SAME!
Patience
This limitless OP_RETURN has made y’all junkies for NGU in any way shape or form
21
Sorry it's my fault. I asked it to postpone the green candle until August.
The world
It’s the same “I like Bitcoin, but my shitcoin” game from every cycle just with tradfi rails
Every cycle gotta have a fucking gimmick for rent seeking scammers and normies
It helps if you have high perceived trustworthiness so you can act on behalf of nefarious actors pulling the strings 😌
I would want Vault tech before i started one of these
TradFI gonna TradFI
We're moving closer to people just buying and holding themselves each cycle
The bright side.
Damus business model found gg ez
Not retarded at all 🤣
AND get celebrated on bitcoin twitter for it!
Honestly if people want to flame the speculative attack fires using these then why not
Just need a nice company name like Stratton Oakmont and your good.
crazy times
Crazy . I just lost keys 🤙😉 but i trust you bro . Do you even own the keys . Or store it Safe 🍿
Some people are allergic to self custody. And apparently that allergy is a window to being a business idea...
Or a way to spot easily the socialists sheeps among us
One can not be a socialist and still not trust themselves with their own money 😅
We trust others with our food, our clothes, our tools...
It is very hard in today's world to be self-sovereign on everything.
Yes because in those cases you must trust others, unless you are allmighty.
But in the case of your money it's technically doable by anyone who wants to. So at that point it becomes a matter of will, rather than capacity. So not willing to take your money into custody shows a servile mind IMO
For high net worth individuals it's a another story though because the question of security is important so if you want to take custody of your funds, the technical burden comes back (multisig etc...)
People will do everything in their power to avoid buying real bitcoin
Lol its basically fedimint but without the eCash bit and not sat to eCash token backed, but variable rate per share! This is your bitcoin scaling now
:))
No, you also need to participate in lots of interviews and convince everyone that you are a true maxi. I'm thankful for Saylors inputs and world views, as they are indeed extremely interesting. But my uneducated self fears that if he is sucking the whole market empty while his company is in decline (apart from the bitcoin thing), I can't help but think he will blow up at some point (and he potentially he already is aware of that or that's even the plan). Just think about Strategy blowing up and the US getting his BTC... If he is just the puppet for the US to create a reserve already, without "officially buying in yet", they can buy more at a lower price. Seriously, how can such a company buy 13k bitcoin every here and there? If you take Saylor by his word, why didn't he take all his "loans" at once? I don't get it and when I tried to research it, I didn't find any info that would make sense to me. Saylor might be the next price bomb, we don't know. The fear of Strategy being overleveraged and about to blow exists since many years now, yet he still buys more and more. If anyone can explain this reasonably to me, I'd highly appreciate it.
If it all gets sold, price tanks and noobs can get it in cheap.
If he loses it then bitcoin becomes more scarce. There’s no real problem i can see. I just find it interesting people would pay money to not own something
I mean, if he didn't buy in the first place, we could have bought cheaper for the past few years probably. And not sure how these 500k bitcoin (single Bitcoin, not USD) will hit the market is another question, but you can be pretty sure that the price will tank for a longer time....... if..... the US doesn't claim it. I see why humans would buy his stock rather than the raw asset, but I would shit my pants. Lots of people are too convinced by what Saylor believes and how he is behaving. I'm not sure if this guy is the be all know all. He seems to see himself as that, which is a red flag in itself imho. If his stock blows, all the "hodlings" of people with his stock will take a huge haircut. As we know, in trading, there is for every loss on one side, a win on another.
> If it all gets sold, price tanks and noobs can get it in cheap.
That's not how it works. For cointards past performance is indicative of future results so if I tanks, that means it'll tank even further.
He can’t lose it, he doesn’t own it. Not holding keys
someone holds the keys, and they could lose it
Well it makes financial sense if it gives you cheaper btc exposure
His loans are small compared to his bitcoin stack and most of his bitcoin bought each week is via selling of his shares, so, no risk to the company.
But why would he invest in irregular steps? Why not all at once or something? Or why not OTC (maybe he does but I don't know). And he did in fact take loans, he said that over and over. I think he also did stock splits to buy more. Either a tanking bitcoin price or people selling his stock for some reason, could potentially blow his company. But what the heck to I know. I would never buy that stock, because I have many questions but find no answers. Unlike raw bitcoin, where I have lots of answers to all kinds of critics.
Yes he takes loans in the form of bonds. Bitcoin would have to drop significantly and stay low when the loan is due to be repaid for it to be an issue. He sells shares each week but does so sensibly so not to tank his own share price.
But isn't he on a heavy leverage? Like if BTC would go to 50k again, it would all bust? After all, he could become such a target at 500k Bitcoins that could be liquidated.
He owes $8b and has $58b in bitcoin. If bitcoin dropped to $50k he would owe $8b and have $29b in bitcoin. Even if bitcoin dropped to his debt value, he would have time as would only become an issue when the debt needed to be repaid. Another reason why he staggers the borrowing so it doesn’t all come due at once.
See the first quarter webinar for how the numbers stack up (Saylor’s segment of the video). https://www.strategy.com/investor-relations
thx! already in bed but will check.
If you re tempted to sell, you cannot sell :))….I am starting my first company: If you cannot hold your Bitcoin, I can hold it for you.
Yeah the next bear will be very painful
Time is a flat circle
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🐏 🐏 🐏 🐏 🐏 🐏
Something something wall street appetite for volatility 🤷🏻♂️
😵💫
Yea, you can just do things
I see this as a way to accelerate a speculative attack against the dollar
yeah of course
Exploit the loophole — while it’s still legal and the whales aren’t interested.
The point is leveraging corporate balance sheets.
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