If we're discussing MSTR/Michael Saylor buying the dips, I have a hard time believing that's his strategy (though I'll be the first to admit I haven't looked at the timing of his previous purchases). He seems like a bitcoin permabull, just like the big-name goldbugs who are permabulls in the gold & silver market, who always have the mindset that it's always great time to buy [gold/silver/bitcoin], i.e., at any price.
You are probably kind of correct in the assessment that there is a kind of consistency in the buying patterns of someone like Saylor, but your comparison to the gold/silver permabulls, bitcoin is still a new category of investment and a paradigm shifting discovery (invention), so there seems to be some kind of a lack of appreciation for the power of bitcoin when you compare bitcoin to gold/silver permabulls, when those older technologies have already been beaten the fuck in the market and even their physicality gives them some burdens that bitcoin does not have, and part of the reason that bitcoin is likely around 1,000x or greater value than gold is partly based on its lack of physicality which therefore translates into a more pure moneyness that goes above and beyond gold in a lot of ways, and surely I have been suggesting bitcoin to be around 1,000x better than gold for around 6-7 years, yet it seems that even Fidelity got into the mix of calling bitcoin 10,000x better than gold.. and I am not quite sure if I would go that far, and I have my reasons for choosing 1,000x better than gold based on the total addressable market currently being around $1 Quadrillion, and sure we might be able to double or triple that based on new innovations that bitcoin (and perhaps other inventions) is (are) likely going bring to the future in terms of the addressable market regarding places where monetary (rather than utility) value is currently being stored.
Obviously when there's a dip and you have that mindset, you see a bargain, but I just don't think that's Saylor's strategy. Anyway, I'm still watching the company's stock price even though I don't often post in this thread anymore. I thought Saylor and MSTR might have been in trouble for a while when bitcoin was down, but it obviously didn't turn out that way and likely won't unless bitcoin seriously drops in price--and given that we're over the $35k mark, things are starting to look pretty rosy again. We're all happy about that, I'm sure.
That seems to be kind of your way of admitting that you were wrong, and surely there were a lot of folks trying to beat down the BTC price and hoping that something like Saylor/MSTR was going to fail and/or that they had been making misrepresentations regarding both their liquidation points and/or also the extent to which they might have had overdone it with some of their leverage... but yeah, even though I admit Saylor is quite a bit of a risk-taker and a leverager (but he is also no dummy), there seemed to have to have had to have been some needs for him to be a deceptive twat (or even incompetent) like some of the other prior to 2022 bitcoin/crypto influencers that ended in scandal such as Terra/Luna (Do Kwan), 3AC, Celsius, Blockfi, Voyager, FTX, and seemingly Genesis/DCG (and maybe a few others), but Saylor/MSTR did not end up being in that criminal and/or quasi-criminal (or incompetent) category.. .Surprise surprise, and sure maybe it ended up being luck that Saylor/MSTR was pretty much making fair representations of what they were doing (even though it also did seem like a bit much - more than necessary to make the pro-bitcoin point) since there are so many not very good/honest people out there (who end up getting themselves into a pickle, either with purposefully bad acts or maybe just overly gambling and negligent acts).
Even if Bitcoin price drops I don't think if saylor and MSTR will get into any trouble Soon. Checking from the table above there has been massive income generated in the shortest period of time morover the bullrun is yet to come and probably more profit will be made. It took me hours to study this microstrategy investment. Even if I don't get all about it. I think other colique can still guide me. Or still add to what I said.
Saylor does seem to be like a pretty sophisticated player in terms of both understanding bitcoin and also understanding various kinds of risk management strategies and how to have various mitigating measures available if the market moves against his various investments.
Saylor might have been overly disclosing (even though he had obligations to disclose) when in 2022, he stated that some of his BTC (maybe like 10% or so) could have had been liquidated at $21k-ish if the company chose no other actions, and then later (around mid-to-late 2022) when the BTC price went down to the lower $20ks and then further down to $15,479, when he stated that MSTR had taken actions to further collateralize in which those same coins that were leveraged would become in jeopardy if the BTC price were to drop to $3,200 or so and if the company took no further actions, even while at the same time stating that there would still be actions available to the company to make sure that they do not get liquidated, even if the BTC price were to drop to $3,200.
One of the funny things that the MSTR/Saylor haters continue to fail to figure out is that Saylor (and/or his team) is no dummy, and he is also a pretty good negotiator, including that MSTR/Saylor largely bought back their leveraged coins (and/or resolved their loan with Silvergate) for prices that were way bette than what any normal person could have had resolved such a hundreds of millions of dollars situation. MSTR/Saylor came out of their position pretty damned well, including that bitcoin related banking industries were seeming to be attacked during that time too.. so surely matters could have had turned out worse, but even the bitcoin price faired pretty well through so many attacks in 2022 and 2023 and several of the attacks are continuing, even though the BTC price is not going down as much as the attackers probably would like, which is most likely contributing to the attackers looking foolish, and maybe even that they are going to need to up their attack game, and still not sure if those attacks upon bitcoin are going to end up been effective.