Since I’m not selling for at least another year, I always look at dips as an opportunity to add to my stacks and redo my positions. If I think a dip is coming I’ll put around 20% in USDT or BTC.
I never want to buy back higher. That is the number one thing I’m protecting against and it can happen easily. I do not try to time the exact bottom, I will happily put the 20% back in alts before it hits bottom.
The big money is coming into BTC and ETH — this is a fact. And they’ll eventually be buying our shitcoins. Greed gets the best of everyone. When a top 50 project goes up 500% in a month everyone in crypto notices and they start looking for the next 5x (if they weren’t already).
Never sell something that is down for something that recently pumped.
This is the time to position yourself and be patient. I believe these things are going to the moon, it’s just a matter of time.
This is what I’m currently holding from largest position to smallest position.
DOT
LUNA
POLS
ATOM
ROSE
UTK
XTZ
0
Since I’m not selling for at least another year, I always look at dips as an opportunity to add to my stacks and redo my positions. If I think a dip is coming I’ll put around 20% in USDT or BTC.
I never want to buy back higher. That is the number one thing I’m protecting against and it can happen easily. I do not try to time the exact bottom, I will happily put the 20% back in alts before it hits bottom.
The big money is coming into BTC and ETH — this is a fact. And they’ll eventually be buying our shitcoins. Greed gets the best of everyone. When a top 50 project goes up 500% in a month everyone in crypto notices and they start looking for the next 5x (if they weren’t already).
Never sell something that is down for something that recently pumped.
This is the time to position yourself and be patient. I believe these things are going to the moon, it’s just a matter of time.
This is what I’m currently holding from largest position to smallest position.
There's no way you can buy $650m worth of BTC without a market impact.
Never before have we seen a whale publicly announce, in advance, that they would be taking a position in specific size. Market should obviously be incorporating that info.
This will be approximately 36,200 bitcoins. Bringing his total to around 77,000 bitcoins.
He’s been using Coinbase to buy OTC. They’ll probably execute it before the end of the weekend.
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There's no way you can buy $650m worth of BTC without a market impact.
Never before have we seen a whale publicly announce, in advance, that they would be taking a position in specific size. Market should obviously be incorporating that info.
This will be approximately 36,200 bitcoins. Bringing his total to around 77,000 bitcoins.
He’s been using Coinbase to buy OTC. They’ll probably execute it before the end of the weekend.
Co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services.
Worked at The Federal Group, Inc. in 1987, where he focused on computer simulation modeling for a software integration company. In 1988, Saylor became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets.
Basically the perfect person to predict what the price of bitcoin will be in the future.
No big deal.
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Who is Michael Saylor?
55 years old
Graduate of MIT
Co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services.
Worked at The Federal Group, Inc. in 1987, where he focused on computer simulation modeling for a software integration company. In 1988, Saylor became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets.
Basically the perfect person to predict what the price of bitcoin will be in the future.
Sorry but I see stuff like that dope from MSTR and it makes me think there is a big time top on the market. .75% senior debt? who the crap would buy that with the huge risk the company continues to fly without a realistic course for five years?
I remember when MSTR almost went out of business and had to do a reverse split to survive, I think this CEO is totally out to lunch and how are those 19k purchases working out? I dont care if he ends up surviving it is idiotic to pump and yack about it like he does. No question if I were on the BOD for the company I would tell him to shut up and do his job, no more twitter no more debt fueled top of the market purchases..just focus and sit down.
I dont see what has changed from a perspective of utility on BTC or crypto, so this move past 12k or so has me scratching my head..have they solved the issues of utility, cost and price that makes these things actually useable in the marketplace outside of mania hype from the media?
Crypto isnt secure, it is not cost effective, it does not have across the board usability and the fluctuation in price makes it a bad option for common use in transactions. I do not see that anything has changed just the USD continuing to drop as a counter to BTC and cheap cash to chase speculative investments, so until something fundamental changes I dont see a huge reason to be excited at these levels.
Oh and Ive been avoiding the thread because you have been quite unpleasant on political topics so not feeling very motivated to be involved given things you have said and done even in disagreement.
0
Sorry but I see stuff like that dope from MSTR and it makes me think there is a big time top on the market. .75% senior debt? who the crap would buy that with the huge risk the company continues to fly without a realistic course for five years?
I remember when MSTR almost went out of business and had to do a reverse split to survive, I think this CEO is totally out to lunch and how are those 19k purchases working out? I dont care if he ends up surviving it is idiotic to pump and yack about it like he does. No question if I were on the BOD for the company I would tell him to shut up and do his job, no more twitter no more debt fueled top of the market purchases..just focus and sit down.
I dont see what has changed from a perspective of utility on BTC or crypto, so this move past 12k or so has me scratching my head..have they solved the issues of utility, cost and price that makes these things actually useable in the marketplace outside of mania hype from the media?
Crypto isnt secure, it is not cost effective, it does not have across the board usability and the fluctuation in price makes it a bad option for common use in transactions. I do not see that anything has changed just the USD continuing to drop as a counter to BTC and cheap cash to chase speculative investments, so until something fundamental changes I dont see a huge reason to be excited at these levels.
Oh and Ive been avoiding the thread because you have been quite unpleasant on political topics so not feeling very motivated to be involved given things you have said and done even in disagreement.
Well this is why I do not talk with you, the last two lines are the issue. You seem completely unable to disagree without being very rude in the process and personal. The way you treat people when you disagree is much more important than when you agree and you fail completely in that regard.
The MSTR guy is a corporate leader not a day trader bragging about bagging profit, his standard is higher to how he should act in public and especially as the CEO of a corporation. His blabbering and boasting reminds me of someone else, not of a respectful CEO who has a long term plan for leading the corporation. That might be why he is chasing BTC, the business that was there before has not gone far in a long while. Pull up a long term chart on the company and you tell me that for the last 20 years how was the stock trading? They did a 1 for 10 reverse split so even at these levels the pre RS price is less than 30 bucks. The stock traded over 10x this current price at peak and well over this for a long time before the business almost went under. Their business has been flat to down for over five years, little growth of any kind. So yeah this hail mary better work or he is out of a job.
Secure? No I do not feel crypto is fully secure from theft, at least if my bank card gets stolen and used I have recourse...if some hack from Africa steals my crypto I have zero recourse and no I never felt safe transacting business when I did, nor would I feel safe transacting regular, repeating, recurring transactions let alone the massive issue of cost. So yes I am saying the structural issues of crypto and lack of competitive benefit have not changed at all. Until it competes and beats alternative financial alternatives how can you think it can be broadly accepted? Until you beat the competition with cost, benefit, speed, reliability, security, stability then what is there?
0
Well this is why I do not talk with you, the last two lines are the issue. You seem completely unable to disagree without being very rude in the process and personal. The way you treat people when you disagree is much more important than when you agree and you fail completely in that regard.
The MSTR guy is a corporate leader not a day trader bragging about bagging profit, his standard is higher to how he should act in public and especially as the CEO of a corporation. His blabbering and boasting reminds me of someone else, not of a respectful CEO who has a long term plan for leading the corporation. That might be why he is chasing BTC, the business that was there before has not gone far in a long while. Pull up a long term chart on the company and you tell me that for the last 20 years how was the stock trading? They did a 1 for 10 reverse split so even at these levels the pre RS price is less than 30 bucks. The stock traded over 10x this current price at peak and well over this for a long time before the business almost went under. Their business has been flat to down for over five years, little growth of any kind. So yeah this hail mary better work or he is out of a job.
Secure? No I do not feel crypto is fully secure from theft, at least if my bank card gets stolen and used I have recourse...if some hack from Africa steals my crypto I have zero recourse and no I never felt safe transacting business when I did, nor would I feel safe transacting regular, repeating, recurring transactions let alone the massive issue of cost. So yes I am saying the structural issues of crypto and lack of competitive benefit have not changed at all. Until it competes and beats alternative financial alternatives how can you think it can be broadly accepted? Until you beat the competition with cost, benefit, speed, reliability, security, stability then what is there?
Microstrategy has a business making a few bucks last I checked...so if you are in charge of a business, the business is functioning and has an over 20 year history of being in business I would invest IN that business and forwarding it...not chasing crypto-
You are biased to forwarding crypto and make money from it, so I am talking to a brick wall who asks me what a CEO should be doing running a functioning, existing multi decade business. What kind of a question was that???
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Lets see...
Microstrategy has a business making a few bucks last I checked...so if you are in charge of a business, the business is functioning and has an over 20 year history of being in business I would invest IN that business and forwarding it...not chasing crypto-
You are biased to forwarding crypto and make money from it, so I am talking to a brick wall who asks me what a CEO should be doing running a functioning, existing multi decade business. What kind of a question was that???
He’s like +$200,000,000 so far this year and you’re laughing at him. Meanwhile you sold your bitcoin at $7,000, it currently worth $18,300.
His explanation for buying bitcoin with the company’s $600 million cash reserves was that he believes if he just left it in cash it be worth much less in the near future because of inflation.
And there are crypto’s that are currently used or platforms that are being built for payments and transactions etc. Personally I like what UTK (Utrust) is doing. There are also payment platforms being built on bitcoin, Ethereum etc. Just because you don’t know what’s going on doesn’t mean it isn’t happening. Your knowledge is very limited. You can send nano from your wallet to someone else’s wallet for free and the transaction happens instantly. XRP, ADA and others are also basically instantly.
A bank just created a stable coin on top of Stellar. You said that would never happen. You have said the bank would just create their own platform. You were wrong.
Mass Mutual just invested $100 million in bitcoin. Paul Tudor Jones recently invested in bitcoin. Drunkenmiller is talking about bitcoin. Blackrock’s Larry Fink is talking about bitcoin. Major mutual funds like Ark Invest and Horizon Kinetic are getting exposure to bitcoin.
You’ve been wrong about basically everything and yet somehow you have a condescending tone as if you’re the smart one in the room and everyone else is stupid.
1
Pretty simple question.
He’s like +$200,000,000 so far this year and you’re laughing at him. Meanwhile you sold your bitcoin at $7,000, it currently worth $18,300.
His explanation for buying bitcoin with the company’s $600 million cash reserves was that he believes if he just left it in cash it be worth much less in the near future because of inflation.
And there are crypto’s that are currently used or platforms that are being built for payments and transactions etc. Personally I like what UTK (Utrust) is doing. There are also payment platforms being built on bitcoin, Ethereum etc. Just because you don’t know what’s going on doesn’t mean it isn’t happening. Your knowledge is very limited. You can send nano from your wallet to someone else’s wallet for free and the transaction happens instantly. XRP, ADA and others are also basically instantly.
A bank just created a stable coin on top of Stellar. You said that would never happen. You have said the bank would just create their own platform. You were wrong.
Mass Mutual just invested $100 million in bitcoin. Paul Tudor Jones recently invested in bitcoin. Drunkenmiller is talking about bitcoin. Blackrock’s Larry Fink is talking about bitcoin. Major mutual funds like Ark Invest and Horizon Kinetic are getting exposure to bitcoin.
You’ve been wrong about basically everything and yet somehow you have a condescending tone as if you’re the smart one in the room and everyone else is stupid.
Ill exit the conversation, you are as usual out in left field. So I sold my bitcoin at 7k huh? That sounds like something erroneous your pal Trump would say. I did not sell my bitcoin at 7k...but if you tell yourself it is so, then it is so...hilarious.
If you have 50 bucks in your checking account and want to buy some crypto, go ahead...if you are the CEO of an existing, profitable, functioning company then you do not spend the money on crypto if it is not part of your general operating core competency. I dont see how any board of directors would allow him to recklessly purchase high risk assets with corporate funds. Personal funds go ahead, that debt is owned by the common shareholders and as directors of the corporation those actions are absurd, win or lose.
The bare minimum he should have done is FORMALLY create a subsidiary for the sole intention of investing in crypto or mining or whatever and have it be an independent approved subsidiary that the common shareholder and BOD votes to approve via proper channels and do so following the guidelines of the corporation. Not sure how this ends up in a good result given his sloppy brazen approach.
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Ill exit the conversation, you are as usual out in left field. So I sold my bitcoin at 7k huh? That sounds like something erroneous your pal Trump would say. I did not sell my bitcoin at 7k...but if you tell yourself it is so, then it is so...hilarious.
If you have 50 bucks in your checking account and want to buy some crypto, go ahead...if you are the CEO of an existing, profitable, functioning company then you do not spend the money on crypto if it is not part of your general operating core competency. I dont see how any board of directors would allow him to recklessly purchase high risk assets with corporate funds. Personal funds go ahead, that debt is owned by the common shareholders and as directors of the corporation those actions are absurd, win or lose.
The bare minimum he should have done is FORMALLY create a subsidiary for the sole intention of investing in crypto or mining or whatever and have it be an independent approved subsidiary that the common shareholder and BOD votes to approve via proper channels and do so following the guidelines of the corporation. Not sure how this ends up in a good result given his sloppy brazen approach.
Saylor bought 17,732 bitcoins personally at an average of $9,882 per bitcoin. He then made his case to the company and the company decided to buy bitcoin.
He believes bitcoin is the world’s best treasury reserve asset and the company agreed.
Mass Mutual just bought $100 million worth of bitcoin. Square bought $50 million worth of bitcoin.
Other companies will follow.
You’re not sure how this ends up good? If bitcoin goes to $100k+ do you think that will be good or bad for MicroStrategy?
0
Saylor bought 17,732 bitcoins personally at an average of $9,882 per bitcoin. He then made his case to the company and the company decided to buy bitcoin.
He believes bitcoin is the world’s best treasury reserve asset and the company agreed.
Mass Mutual just bought $100 million worth of bitcoin. Square bought $50 million worth of bitcoin.
Other companies will follow.
You’re not sure how this ends up good? If bitcoin goes to $100k+ do you think that will be good or bad for MicroStrategy?
“If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. The cryptocurrency’s current market capitalization is about $356 billion, according to CoinMarketCap.”
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“If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. The cryptocurrency’s current market capitalization is about $356 billion, according to CoinMarketCap.”
Weird that the major news networks would be silent on the sexual assault allegations against Cuomo. It’s almost as if they don’t really care about women and just use sexual assault as a political weapon. Who would’ve thought?
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Weird that the major news networks would be silent on the sexual assault allegations against Cuomo. It’s almost as if they don’t really care about women and just use sexual assault as a political weapon. Who would’ve thought?
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