I think business is all about pumping and dumpling. Today you will see bitcoin rising up and tomorrow you will see it going down which bitcoin is volatility.
Many companies with the help of Microstrategy they are into exchange of purchasing bitcoin to enable them to grow more profit to do other challenges in the organization.
Crypto can be superior to cash, it depends the way you invest and manage them to bring you a good result.
Yes... bitcoin is going to go down and it is going to go up, but we are currently in a kind of season in which bitcoin is more likely to go up more than it goes down.
So, it is a BIG so fucking what? about the going up and down, as long as some folks are focused upon making sure that they have a decent enough stake for the UP that is likely to come in the coming months to years... Yeah, it could take a bit of time to reach a kind of blow off top, or there could even be a kind of blow off top that is similar to 2013 in which there ends up being two blow off tops, so in that regard, some people might end up getting faked out by the first blow off top, and then they become disappointed because they miss the second blow off top.
Oh, I didn't notice the topic about MicroStrategy, I should have done a post here.
An article was released, which says that MicroStrategy again bought a large amount of bitcoins. At $173 million. They now have a lot of bitcoin capital.
Microstrategy Stock Jumps 9% Following Bitcoin InvestmentA recent
report by SimpleWall.st says MicroStrategy stock is overvalued and the data aggregator is putting red flags on the company. The stock market bubble is inflating and possibly MicroStrategy is being bought with bitcoin for hedging. If suddenly the stock bubble bursts, the company can sell bitcoins to minimize losses. But this, accordingly, can lead to bearish trends in the bitcoin market.
Based on the last couple of interviews with Slayor (with Pompliano a couple of days ago and with Guy Swann today), I doubt Microstrategy is inclined to sell their bitcoin any time soon.
And, sure the wall street folks can proclaim that Microstrategy stocks are overvalued all that they like - of course, wall street folks are not exactly any kind of indication regarding either what bitcoin is or how bitcoin is likely to grow. Wall street is hardly any more correct about bitcoin as they were in 2013, 2014, 2015, 2016, or 2017.. Sure.. some of the wall street analyzers might be getting a little bit smarter, but overall the vast majority of wall street analyzers have little to no clue about either what bitcoin is or where bitcoin is likely to be going.
In that regard, it seems quite likely that the companies (and the wall streeters) that follow Microstrategy's lead are going to do quite a bit better than those who are poo-pooing it and speculating that Microstrategy might be too balls deep in bitcoin... and surely Microstrategy is a bit balls deep in bitcoin, relatively speaking. sure, nothing is guaranteed, but some of us who have been in bitcoin long enough recognize that Microstrategy seems to have a pretty good perspective on this whole matter in terms of where to put their chips (even if it might even seem quite a bit more ballsy than even the more greater of bitcoin bulls in these here parts).
I really believe that when these huge companies end up liking bitcoin and buying some, they are not going to suddenly do it with their own companies directly, they will probably have two ways that they will do, one they will partner with a wall street type of company, or basically any financial company, and give them a certain amount of money to be handled in the crypto space and that financial company will handle things for these huge companies, or the better option they will just start to accept bitcoin payments which means people will pay them crypto to get things done, like advertisement money most commonly and they will just keep that money aside without spending it, and consider it an investment. These two options are very very viable in the next few years.
I believe that those are NOT the only two options.
Even though Microstrategy is not exactly revealing how they are holding their coins, they seem to be doing a lot of the acquisition and management themselves, and they likely pre-agreed upon a system.. So they bought rather than accepting payments in bitcoin.
Sure, later down the road, they might decide to start accepting payments in bitcoin and even paying invoices and employees in bitcoin, but that is surely not how they got their initial stake. They were a bit more aggressive than you option two.
Actually, instead of looking at this merely on an institutional (corporate) level, let's look at what some individuals decide to do in this forum. They decide that they just are going to earn Bitcoin through rinky-dinky campaigns, bounty hunting and faucets, and surely they might be much better off to go out in the world and earn money however that they can, and then use some of that money to buy bitcoin and to strategically set up a plan to accumulate a certain amount of bitcoin. Same thing is true if some individuals already have investments, they might want to reallocate into bitcoin instead of attempting to get all strategic about how they are going to get bitcoin by providing services etc, and they never really end up being aggressive enough in their approach or acquiring an aggressive enough stake in bitcoin.