@buwaytress. Agreed. I speculate that each of their company's' performance during the bear market, a coming economic crisis, Ukraine invasion and there is the risk of China's invasion of Taiwan might not be very good. There is also China's defense ministry. He has already warned that America and their allies should avoid the Taiwan Strait or there will be war.
I predict Saylor liquidation fud to begin if bitcoin dumps under $20k and cause more panic.
I predict Saylor liquidation fud to begin if bitcoin dumps under $20k and cause more panic.
Except that now he seems to have backtracked somewhat and said that the danger is really not as significant as -- think 3 days ago, I saw the full transcript on phone and he said a lot of things that didn't seem to add up
Takeaways: plenty of assets left to collateralise, margin call wouldn't happen below 21k, and he's leveraged 1.04, so would need 95% drop of purchase price (so that's $2000) to get in trouble.
But I don't know, was a rough interview and vague as hell.
What he said is true. They have the assets to add more to their leveraged position if bitcoin dumps further, however, assuming that the asset is also bitcoin or stocks of Microstrategy would this really be the best decision as an investor? Everyone else is beginning to deleverage and Saylor will add more leverage? This is head shaking.
I expect crypto, like stocks to retract. But for some reason i hope Saylor will survive this bear market.
We've had so many idiots associated with crypto; Mcafee, Musk, Garza, Da Kown, it's good to have a normal person, a business person, being associated with crypto right?
I also hope Saylor survives this bear market. If he was liquidated this will certainly cause a dump lower than $5000 if some articles from mainstream news media are correct in their reports that his liquidation price is around $3000. This will also be very bad for business in the cryptospace.
