Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 49. (Read 19150 times)

I only hope Michael Saylor will never go full-elon! We need more fellas like Michael who are in for the tech and the economics about Bitcoin!
I mean Elon pumped the worst shitcoin ever what good could we expect from him?

Hahahaha

I doubt that they (seeming policies led by Saylor) are giving too many shits about whether BTC prices are dipping or not when they buy their monthly-ish installations of BTC (and I doubt that they are even necessarily waiting for the month to play out in the event that they were to get extra cashflows during the month, we likely can appreciate where they might be putting that extra cashflow and just reporting it on a monthly basis or whatever). 

So, surely a lot of normies get all worked up about dollar cost average buying in such a way that the average price per coin is shooting way up, but Saylor et al, seems to give few to no shits about that.   By the way, I personally believe that normies cannot really emulate Saylor's behavior exactly, unless they happen to have excessive regular cashflows, but still Saylor's behavior should demonstrate for any fence sitters (whether institutions or individuals) that some bitcoin enlightened players are not going to be having any mercy to be waiting around for the price to drop when they are buying their bitcoin, even if it causes their average dollar price per BTC to go up or even more than double because they are ongoingly buying at almost any price.. so fence sitters are likely going to be damaged considerably if they don't rectify their fence sitting behaviors and put systems in place that they can start getting a bitcoin stake, sooner rather than later.
 
Remember the first installation of Saylor et al had achieved average BTC prices of less than $10k, and then the next one brought the average to $11,111.11 (yes it seems fictional.. and maybe it is, I don't know, just remember that number for some strange reason), and then they keep buying at whatever is the price of the day/week in which they are buying which may or may not end up being a "dip".. so little by little their average price per BTC has gone up while the size of their stash has gone up too... and yes, it is nice to be able to both see that their average price per BTC is now $24,403, they have made several purchases at various points in the $50ks (high, low, middle, whatever the BTC price happens to be in the period that they were buying), and they just keep plodding along with either a vision that we are not at a price top or maybe not even caring if we might be at a top since their investment timeline is way into the future - perhaps even beyond the timeline of their servicing of their couple of 5 year bonds - which they can likely service, even if BTC prices were to drop by 80% or whatever (which also does not seem to be too likely in our current BTC price posturing situation).

They seem very stable in investing in crypto.  Their consistency is worthy of appreciation in the improvement and advancement of Crypto in the eyes of the world.  Meanwhile, on the other hand, Tesla and Elon Musk continue to play in their investment in crypto.  Today the decline is over 10% for BTC, meaning that we have lost 0.27 T USD already and this is a big blow this month.  Many investors lost money as a result of Elon's tweet.  Micro has bought 400 M USD of BTC and this is not enough to help boost the market.  If future buying is sustained, it may recover soon or even worsen the market.

I've said this before, I respect them for their devotion and balls to buy bitcoin in such huge amounts, but I wonder what MSTR's shareholders think about it--especially when they bought a decent amount right before a dip.  I can't imagine that would make any shareholder happy.

I just took a look at the 6 month price chart of MSTR and it looks like it's been declining steadily, at least as of late.  My screenshot function is somehow screwed up, and it wouldn't let me take a shot of the chart, but there was this little note on my brokerage's page for MSTR:



So it seems very much like their stock price is intimately tied to bitcoin's price.  I don't know if that's what MicroStrategy intended or what their stockholders expected, but that seems to be the reality of it.  

According their own statement, claiming a 55k median price, they bought just before the dip.
Nothing changes in the grand scheme of things, by the way.

As usual, great move from their side. It was kind of expected though, they've got specialized lately to buy the dip.

MicroStrategy Buys Tranche #12:




https://twitter.com/michael_saylor/status/1392814015181635584?s=21

Microstrategy just announced their 21Q1 results.
Nothin major here, bar the positive effect Bitcoin had on their Balance sheet.

You can read more here:





Here you can see what I was talking about: Bitcoin had a massive impact on their balance sheet:

I don't believe you for a minute.. but whatevers.. if you want to suggest that I am wrong more then right (from your perspective) than so be it.. whatever floats your boat.   


In regards to suggesting that we are getting into wild-ass territory that is beyond any kind of framework or predictability, that sounds like nearly pure nonsense (or at least a near baseless exaggeration).  We have at least three BTC price prediction models (I argue, a combination of such BTC price prediction models**) that pretty much put BTC prices in the exact ballpark of where we are at, so if BTC prices were so hard to predict, then why are these models tracking with such precision and have been tracking for a damned long period of time, in spite of the crazy-ass unpredictable actions of humans such as Michael / MicroStrategies.  In other words, even though it appears that the behaviors of Michael and Microstrategies is "out of this world" the models largely predict the price to be where it is at.. go figure.

**By the way, the current valid and persuasive BTC price prediction models are: stock to flow, four-year fractal and exponential s-curve adoption based on Metcalfe principles and networking effects

For once I agree with JayJuanGee 
Also, I would add that it is not just marketing because Saylor is doing all sort of crazy stuff with bitcoin for MicroStrategy so this might not be the end of the experimenting phase.
We are hovering around yet another new ATH and therefore we are seeing a completely new and wild territory: I personally do not make any more predictions and I am only leaving the door open for the infinite possibilities that could arise.
By the way, great move Michael!

I doubt that there is any need to wonder, even if the BTC price corrects 85%.  Microstrategy has cashflow, but sure it would be an interesting experiment, but I doubt that they would be selling on the dip because that is not their strategy, and seems that they would continue to buy.

Now, if there happens to be some major bug in bitcoin or actual reason for the price to dip 85% from here, that might be another story.. and hard to imagine because some kinds of major catastrophes make it difficult for normies to sell, and I have my doubts if MicroStrategy would frontrun - but of course, if you have information before others, you should act upon such information.. which is the rational thing for anyone to do, if they are able to do it, whether company or individual.

Anyhow, it seems to be a fantasy to be dickering around with what-ifs regarding scenarios that are quite likely way less than 1% of happening - instead of focusing on way more likely scenarios.. in which they are not fucking selling.. just like they said fairly straight-forwardly and unambiguously and they gave sound ass arguments for why they are not playing around with the UPs and DOWNs and more likely just continuing to buy or HODL if they were to run out of cashflows, which also does not seem like a major issue.

Nothing surprises me anymore when it comes to MicroStrategy - so I wouldn't be surprised if the company name changes to BitcoinStrategy, which of course would make sense if you go all in to BTC

It’s impressive to see someone really believe in something, but I still wonder if there’s any insurance in case the past repeats itself - and that, say, a 50% or more correction happens? I'm actually wondering how the company will behave in that case, will it sell part of BTC or maybe all of it?

If Bitcoin is superior to cash what a better move than starting playing your people in the best performing store of value ever created in human history?
Saylor is applying everything he studied in the Bitcoin Standard and paving the way to the famous hyperbitcoinization!
And you would you accept all of your salary in BTC?
I would! If then I could be free from the capital gain that could be heaven (as in that case I will be taxed already for my work income!)

MicroStrategy board of directors decided to put their money where their mouth is:


https://twitter.com/michael_saylor/status/1381579120354717699?s=20

on the attached document:



Actually, if Bitcoin is a reserve currency, it makes sense for someone who believe in this statement to be paid directly in such a currency, leaving the option to convert it into the shitty fiat at a later stage.

Yeah.. but Anonylz seems to be latching onto the selling aspect of these various BIG companies, and considering that they might not be up to any good.

Perhaps, as you suggest Dabs, Anonylz is largely just talking himself out of making sure that he is adequately pee paring his lil selfie for UPpity, when he is so busy thinking about DOWNity?

Likely, you Dabs, are no longer thinking about the matter in the same way, so even if you feel that you did not buy a sufficient number of coins in 2013, you are engaging in MOAR and better UPpity preparations currently.

I agree with the overall point that I seem to be reading into your post Dabs, and that each of us should be attempting to make sure that on a personal level we are adequately preparing for UPpity, even though there are a variety of DOWNity scenarios that may or may not play out.. so in that regard, if we want to read the overall situation as a way to prepare for DOWNity, then we may well NOT be adequately considering the story in a way that helps us to really prepare ourselves for the real story.. and that is to be preparing for UPpity.   

On a personal, level I have no regrets about my ongoing preparations for UPpity, even when the BTC price went down many times over the years, and even in 2014, 2015 and 2016, my BTC holdings were largely in the red for a large amount of that time, but I continued to prepare for UPpity... and sure, after 2017, we got a lot of downity too.. so those people who were overly weighting their preparations for UPpity, got a pretty decent beating in terms of value that might not have recovered until sometime in the late 2020s when BTC prices reached and surpassed their late 2017 levels again.. so there might be two kinds of scenarios there that end up working out o.k., and one would be to sit on your hands for the whole time and just ride out the 2018 to 2020 negative periods, and another would be to continue buying BTC along the way and even buying more BTC on dips, which likely would have ended up being the better scenario.

We cannot really know where BTC prices are going to be 4 years (or longer.. maybe 10 years) from now.. but does not seem to be a bad practice to continue to buy BTC (especially if you do not have many) and consider that BTC prices will be UP in 4 years (and even more likely to be up 10 years or longer).. and yeah, if your investment timeline is shorter than 4 years, then likely you would be quite a bit more conservative in terms of your BTC investment.. but people are going to come to differing price considerations .. including considering how much weight to give to currently valid BTC price prediction models that suggest that this UPpity price cycle is not over, and who gives any shits about how much BTC some institutions or richie peeps might be HODLing and whether they are planning to dump that BTC on the rest of us HODLers....

If you have 90k+ bitcoins at around 27k+ bitcoin price, and someone else says that you are too dangerous to be bought, that place is very wrong. HSBC is known to launder money for criminals and they have done this for decades and paid tens of billions of dollars in fines for a very long time.

Even the start of HSBC is dark, they were started because all the British companies that went to southeast Asia and murdered people there and took their resources had to use some kind of banking to help them move the money around, how did they do that? They created HSBC so that their dark blood money could be transferred back to UK in order to keep their bosses at UK who never left and just ordered people to be murdered for profit could collect their money from their local branch right around the corner. You are telling me that this company find something else too dangerous for being involved in crypto? Don't make me laugh.

You've been around since 2013, you could have gotten a few hundred to a few thousand coins back then right? Or ... ... ...

I could be saying something similar about myself too. The quick answer is I did not.

I remember reading a thread where the @OP describe btc as "the institutional coin" and seeing this post just made me reflect back to the post,
Is it a good thing to have few rich and influential investors have so much btc under their control! I mean it is exciting to see all this institutions and corporations investing on btc (which also make me wonder why the sudden change of mind, is it because btc is so high compare to 10 years ago and there is a lot profitto be made, or they are truly interested in the technology which has always been around since 10 years ago  )

I can't help but wonder what their plans are, do they plan to hold for a longer period and what will be their strategy to liquidate when the time comes, just brainstorming over all this institutional investors sudden display of interest and what impact it might have later on , nonetheless,  good to hear.

MicroStrategy is NOT a virtual currency product. It is a stock of a market intelligence software company. I wonder if they will prevent you from buying Tesla too. They are a car manufacturer.

Spot on as always. I read it this way:
As we at HSBC already have our compliance troubles let's not add more shit to the fan as it might fire back again. Let's keep our shady business into the real world as we can't keep up with the virtual one.
Something like it, I think.