MicroStrategy has been issuing debt to buy more Bitcoin, which reflexively allows it to raise more debt to buy more Bitcoin! MSTR recently joined the QQQ as a result of its meteoric price rise.
Curious to hear - how does this unravel, and how can we trade it?
(Dec 17, 2024 05:08 PM)_daniel Wrote: MicroStrategy has been issuing debt to buy more Bitcoin, which reflexively allows it to raise more debt to buy more Bitcoin! MSTR recently joined the QQQ as a result of its meteoric price rise.
Curious to hear - how does this unravel, and how can we trade it?
It's a bubble, the company is worth more than the BTC they have, while generating millions of $ in losses in their pathetic software products. If you want to bet on them, better bet on BTC. The moment we enter the bear market again (and we will no matter what), BTC will go down 50-70% and MSTR will collapse. Saylor is a known scammer that went missing in action for 20 years, but crypto bros think he's a genius. This shit will collapse sooner or later, I'd short the shit out of it
(Dec 18, 2024 01:54 AM)SIM-5481366 Wrote: It's a bubble, the company is worth more than the BTC they have, while generating millions of $ in losses in their pathetic software products. If you want to bet on them, better bet on BTC. The moment we enter the bear market again (and we will no matter what), BTC will go down 50-70% and MSTR will collapse. Saylor is a known scammer that went missing in action for 20 years, but crypto bros think he's a genius. This shit will collapse sooner or later, I'd short the shit out of it
Saylor is short squeezing the fuck put of mtsr to buy more bitcoins. I suggest doing the same
I keep seeing MSTR as a recommended buy in my services. Why would anyone not just buy Bitcoin?
I don't really have anything bad to say about Saylor. It's more about the overall market that's half-bullshit than just him. Seems like he knows how to play the game though. I can't fault him for that.
MSTR holds about 2% of all Bitcoin, I think that's some feat. I don't think betting against them would be wise. Saylor likely going to be the next Rockefeller dynasty with that much Bitcoin. Where he can control entire economies because of his Bitcoin holdings. I don't know, maybe he's just a whale swimming in a vast ocean and it's all meaningless the percentage he holds.
(Dec 18, 2024 01:54 AM)SIM-5481366 Wrote: It's a bubble, the company is worth more than the BTC they have, while generating millions of $ in losses in their pathetic software products. If you want to bet on them, better bet on BTC. The moment we enter the bear market again (and we will no matter what), BTC will go down 50-70% and MSTR will collapse. Saylor is a known scammer that went missing in action for 20 years, but crypto bros think he's a genius. This shit will collapse sooner or later, I'd short the shit out of it
Agree, I want to nail the MOAS on it (Mother Of All Shorts) and go down as Burry 2.0.
(Dec 18, 2024 04:48 AM)jessimyboi Wrote: Saylor is short squeezing the fuck put of mtsr to buy more bitcoins. I suggest doing the same
I hold Bitcoin already.
(Dec 18, 2024 12:38 PM)Omniscient Wrote: I keep seeing MSTR as a recommended buy in my services. Why would anyone not just buy Bitcoin?
I don't really have anything bad to say about Saylor. It's more about the overall market that's half-bullshit than just him. Seems like he knows how to play the game though. I can't fault him for that.
MSTR holds about 2% of all Bitcoin, I think that's some feat. I don't think betting against them would be wise. Saylor likely going to be the next Rockefeller dynasty with that much Bitcoin. Where he can control entire economies because of his Bitcoin holdings. I don't know, maybe he's just a whale swimming in a vast ocean and it's all meaningless the percentage he holds.
His cowboying could have very real contagion effects on the wider markets if it unravels poorly.
We (guess)timate his liquidation price for BTCUSD around $60k USD. His debt/equity/bitcoin operations will be studied in college books for years to come.
I want to nail the MOAS on it (Mother Of All Shorts) and go down as Burry 2.0.
(Dec 20, 2024 03:46 AM)_daniel Wrote: His debt/equity/bitcoin operations will be studied in college books for years to come.
They don't study anything relevant in colleges anymore.
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