vanzack

Blew up, then blew down.

Crazy day.

BTC up, MSTR way down.

100K btc incoming 

TO THE MOON BOYS!

I saw MARA doing the same thing.

The advantage MSTR has is they are earliest to the party.  They already own 1.5% of the worlds BTC.  Not sure how anyone can catch them, but being 2nd to the party is way better than being 200,000th.

Because if you believe in the concept - then every company will buy BTC at some point.  Not as their primary business - but as a way to store their wealth that is inflationary proof.

I think this is what people misunderstand about BTC.  It is not going to replace the dollar (or fiat in general), it will coexist.  Fiat is for smaller transactions, BTC is a store of wealth.  Example:  If a company has 100m in dollars, they can choose to keep it and be exposed to 7% US govt printing per year + inflation, which devalues their 100m in a year to 90m.  But if you put it in BTC, then take it back out in a year, you have 110M in USD - because BTC will not deflate.

This example of course is stripped of any premium on hype, reddit, bitcoin bros, or anything else.  This is static price BTC.

I am not a financial advisor and I dont like to give financial advice.

Everyone is different.

I can answer matter of fact questions, but I cannot answer personal finance questions and future performance predictions.

I am not a financial advisor and I dont like to give financial advice.

Everyone is different.

I can answer matter of fact questions, but I cannot answer personal finance questions and future performance predictions.

It really doesnt matter.  IBIT will follow BTC price exactly.

Thanks amigo.

My best work is done at 1pm PST, in games with bird mascots and a relative humidity above 72%.  I am 3-1.

I will continue to find these opportunities.  Please alert me to other pitfalls.

@wallstreetcappers

Thanks for the insight.

I think what you are saying is as long as BTC goes up, there are clear skies ahead for MSTR.

If I was starting from zero...

Do you have a brokerage account?  401k?  If so, you can buy ticker symbol IBIT for any amount you want.  Sell whenever you want like any other stock or ETF.  This is the simplest way to expose yourself to BTC.

If you want self custody (you keep actual BTC)...  Open a Coinbase account, deposit dollars to coinbase, buy BTC, transfer out of Coinbase to your wallet.

Posts #141, 142, 144.

As I said above....  Totally agree.

They work together.

Neither.

I am saying educate yourself to BTC.  Learn the language.  You will be in the top 1% of the world population if you do it now.

Then you can make the decisions that are right for you.

Yes.  .25% per year in fees, to have custody of your BTC.

1.  I think you need to think of them as co-existing.  Bitcoin is not a currency.  It is a commodity.  So dollars are transactional, while bitcoin is a store of money.  Think of it like this....   You are a high net worth person, or a company.  Where do you put your dollars?  Whether you buy real estate, stocks, bonds...  They are all subject to inflation and degredation and costs.  But if you just put it in BTC, there is zero costs, zero worry - and it is not deflationary.  So when you need dollars to transact, you simply bring some back to dollars and transact (in chunks obviously).

Imagine if BTC because a strategic reserve for countries (which I think it will).  Then debts could be settled with BTC instead of currency transactions, currency exchange rates etc.  It is a much more efficient system.

2.  The gold market cap is around 17 trillion, while the BTC current MC is 1.8T - so roughly gold is 10X what BTC is currently.  That will flip one day.  Gold in not finite.  It is hard to move gold.  Gold cant be digitally transacted instantly.  Gold does have properties of utility though - and that will continue to have value.

3.  YES YES AND YES.  BTC will revolutionize economics.  It is a perfect commodity.  This is why it is just the beginning.

4.  I am not an expert on the energy aspect of mining.  I only go by what I hear from experts much smarter than me who say that it takes less energy to have a BTC economy than a fiat economy.

And Mara is buying BTC also, they announced today.

Mining stocks will grow also.  Good diversification to core BTC holdings.

Not too late.  You are still early.

At current growth rates, conservatively it will be 1M in 10 years.

Correct.

The 21M BTC is after everything is mined.

There are also estimated at least 3m btc lost, locked, or dust (too small to be valuable).

So the general thought is that there is 18m maximum.

It is the only asset in human history to be non-inflationary.  That is the value.

IBIT is a strict 1 / 1 with BTC.  If you buy 10 dollars of IBIT, you have bought 10 dollars of BTC.  It is an indexed COMMODITY ETF.

MSTR is a company.  It can do different things with its treasury.  It has human intellectual capital.  

MSTR is not just a BTC ETF, although on the surface it looks like it should be.  It trades at a premium - currently about 3.4X (Stock price X shares outstanding = market cap.  Market cap divided by holding BTC value is 3.4).

A couple of reasons:

1. Currently, there are a ton of big money funds - like pensions or money managers - who cannot buy a commodity like BTC or even the BTC etf. But they can buy a company like MSTR.
2. MSTR is buying on leverage, where IBIT is a 1-1 bitcoin ETF. MSTR is said to have around a 2-1 performance to BTC or IBIT.
3. MSTR can actually use their treasury to do business also. BTC cant.
4. The stock market is forward looking. For example, 95% of Microsofts value is in their projected earnings.  It is very typical of companies with intellectual capital to trade at premiums.  It is just the difference of how companies are valued vs commodities are valued.

That is how I understand it.  There are some betting (shorts) on the premium flattening.  But there is certainly a mania around the stock right now.  It is around 250th in market cap, and probably going to be included in the Nasdaq 100 soon (they are 60th I think).

@KC_4_LIFE

XRP (anything other than BTC) is explained above in a couple of previous posts.

Once again, just my opinion.