I wonder why weekends are mostly bearish these days?
This would pass as well.
institutional
money does not know a thing,
who is surprised here?
Early "Sunday" #haiku.
EDIT: BTW, I like those guys, but Saylor was chasing the price and E. Musk was clearly FOMO-ing, in a retrospect.
It most likely will still work out, but I hope that Saylor does not have some nasty conditions on this converts, especially the latest batch, bought at 52-53K.
Yes, overall you are seeming bullish Biodom, but you cannot help to get your little digs in, as if the actions of Saylor and Musk are not sustainable.,.
You are full of shit to be making those kinds of implications.
I reserve the right to make digs at anything I want, well, maybe not Satoshi.
That said, you do your little "buy down, sell up" things and I will do mine "whatever" strategy.
Fair enough.. and whatevers in regards to your strategy sounds about right... just go by what you are feeling at the time.
As far as Saylor-I don't know what nasty covenants debt-giving people put in there, but I can assure you that something is there.
Do you think that someone gives a guy $1 bil at 0% coupon and not have some "protection"? Lol
From my perspective, you seem to be getting worked up about nothing. Yeah, sure Saylor is in the news a lot in recent times (his less than a year in bitcoin has resulted in 6-8 months of ongoing in the press and getting a lot of attention for whatever his variations of strategies, propagandizing and even seemingly quite adventurous kinds of techniques and buying that might even seem to be too good to be true - even though we don't really have any solid evidence - besides some whiners that what he is doing and saying is not true).
Regarding the specific terms of whatever contracts (financial debt instruments) that he creates, sure some of those terms might be private, but he also seems to be revealing a lot of the terms, which seems to be at least some of the requirements for publicly traded companies. Yeah, sure he is playing some of his fame and credibility in a way that seems to allow him to even get terms that are more favorable to him, and might even cause some folks (including uie, Biodom) to question why any reasonable person/business might get into such a seemingly lopsided (unfavorable to them) contract. In the end, peeps gonna do what peeps are going to do, and whatever products Saylor has created has gotten bought up in very short-periods of time, so it's NOT like the market does not want whatever he is selling, and it is quite likely that he has buuuku numbers and skill levels of attorneys looking at his actions/products to attempt to make sure that he/his company is not likely to get into trouble from regulators regarding whatever products they are offering and selling.
That said, check out MSTR long term chart-it might be instructive. Sometimes things don't exactly repeat themselves, but they sure do rhyme.
Probably you need to explain a bit better, Biodom. You are suggesting that they are overvalued? Do I give any shits? It's going to play out however it plays out. Is it going to bring bitcoin down? what point are you making? I am supposed to read your mind because whatever that happens to be in the MSTR charts is obvious as fuck? I doubt it. 'Splain me like I am 7.
Finally, if btc suddenly goes to 100K, 200K, 300K, it's all for the better, but we don't want MS suddenly selling the last batch of his btc at, say, 33K if debt holders raise a demand that he does so, providing that they can.
Sure any scenario could play out, and is that what you are getting at? You focus on some kind of unlikely scenario and then you try to place way more probability on such scenario than it deserves? and who fucking cares? We gotta go to the $100k, $200k or $300k first.. won't that be ccccciiiiittting!!!!!.. Yeah, we can focus on the subsequent downside later.. and as if it such a downside is guaranteed or even close to guaranteed being condition precedent on the upside happening first...
Get fucking grip first, Biodom.. sure fancy thinking several steps ahead like a damned 3D chess wizzard, but in the end, sometimes thinking too far ahead and getting caught up into some kind of scenario that depends on a whole hell of a lot of factors is way the fuck too speculative - even if we can all recognize that we do happen to be in a speculative thread.. but fringe theories are going NOT going to help your credibility, just like they did not help JStolfi very much when he was spouting out supposed academically backed fringe-ass scenario bitcoin theories of various things that could happen while ignoring more likely scenarios that ended up playing out.. Are you engaged in similar speculations that make you want to show like you have considered innovative theories while down-playing or even outright ignoring the more likely paths forward in bitcoinlandia?
I would be shocked if they don't have some "protection", though. After all, debt holders are in the senior position in any company structure.
Also, you are likely depending on Microstrategy's cashflow drying up... so they cannot service the debts.. sure it "could" happen. Seems likely to me that Microstrategy peeps including Saylor have decent ideas about their historical cashflows and even projecting them out, even if they seem to be changing some of their emphasis on bitcoin and might even becoming way more bitcoin dependent in a variety of ways.. but still they have likely considered a variety of scenarios and even considered that they can consider other scenarios as their business and their business model changes including that they are not necessarily locked into the present and they can move with the punches and adapt along the way, which are similar things that any company does that is taking risks and going down innovative paths including that they might fail in a variety of ways.. which may or may not end up affecting king daddy... cross that bridge when we get there including the likelihood that satoshi is going to be selling most (if not all) of his bitcoins at around the same time that Saylor and MSTR are forced to sell their coins.. sure sucks to be a bag HODLer in bitcoin during these crazy ass times... like as if I am locked in too..
