I feel like 100k is an intelligence test. Maybe #bitcoin in general is an intelligence test. Very bullish. Hoping for a dip this weekend.
I got 99 problems but the b#^*coin ain't one.
Fair. I wonder if the terms are disclosed in the 10k.
I'm not saying the risk is 0, but, we've seen them deal with aggressive draw downs already, and they manage them quite well. It probably has to do with saylor's relationship with the other side of the trade and liquidity.
He only has to liquidate if individual contracts are calling the debt. The contacts are lattered.
I've owned for a long time. Are you asking what happens if they are forced to liquidate? When BTC went down to 15k they were trading slightly below the value of the treasury. Currently they are about 4x treasury (rough math). All of the convertible debt contracts are long term, so liquidation risk is pretty low.
"I put a square on his back like I'm nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m Dorsey"
-Kendrick Lamar
Hey Now
Oh fuck. We are done.
Yes, but were you following them when BTC dropped to 15k? They weren't forced to sell any. These contracts are extremely well executed. Not saying it's impossible, but these contracts are not reckless by any means.
I don't understand how that guy has a job...in finance
Citron research not realizing they are trying to short against BTC maximalists/hodlers. We are crazier than the amc apes and game stoppers.
My @primal app has been very glitchy. Stuff won't load properly. Moving back over to nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955 for a while. Amazing that I can pivot between apps. Wild.
That's an interesting idea
Perpetual monetary inflation means fewer and fewer people can afford to live a decent life over time. Every valuable good and service keeps getting more expensive over time.
Perpetual monetary deflation (towards a final, fixed supply) means more and more people can afford to live a decent life over time. Every valuable good and service keeps getting less expensive over time.
Shout out to nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe and his book "The Price of Tomorrow."
This is a complete inversion of the Keynesian, fiat mindset. And probably why so many folks are struggling to understand #Bitcoin. We were all brainwashed by the Keynesians.
The only progress that we really need to measure is how many people on the planet can afford to live a decent life. It should be 100%, and with global sound money, there is no reason why we can't get there.
Price of tomorrow is the best
Got my first text from a friend saying they wish they bought more #bitcoin when I started telling them about it 3 years ago. Retail starting to perk up.
Forget about the MSTR playbook for a second, why wouldn't every global company start holding their foreign subsidiaries in BTC? Wouldn't that just simplify so much? Instead of dealing with currency risk and repatriation issues. #bitcoin