So i can just start a bitcoin holding company and people will just invest in it to buy and hold bitcoin for them? Alright…
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That’s the ploy… I mean …play.
Yea that’s what ima do lol
wtf is wrong with this cycle
I get what you're throwing down. Fine. We can start one together. I'll be your co-founder.
wtf is wrong with this cycle
So i can just start a bitcoin holding company and people will just invest in it to buy and hold bitcoin for them? Alright…
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This is probably said every cycle 😂
I want in
It helps if you have high perceived trustworthiness so you can act on behalf of nefarious actors pulling the strings 😌
Patience
TradFI gonna TradFI
I can hold the keys, if you don't want to take on that responsibility 😛
I would want Vault tech before i started one of these
Wen spac?
Seriously. This cycle is not like the others. It’s different. But, in that respect IT’’S EXACTLY THE SAME!
A team effort. I like it.
We're moving closer to people just buying and holding themselves each cycle
Not retarded at all 🤣
AND get celebrated on bitcoin twitter for it!
Just need a nice company name like Stratton Oakmont and your good.
Honestly if people want to flame the speculative attack fires using these then why not
The bright side.
Fiat games.
So i can just start a bitcoin holding company and people will just invest in it to buy and hold bitcoin for them? Alright…
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This limitless OP_RETURN has made y’all junkies for NGU in any way shape or form
We had a lady here locally that pulled a similar scam on some folks we know. She had a couple dozen people give her cash at a fundraiser to secure and hold btc for them. As far as I know, she hasn't gone to jail for it or anything and has done it at least one other time. Thankfully, most of the people she rugged haven't lost faith in btc, just people.
crazy times
21
Sorry it's my fault. I asked it to postpone the green candle until August.
Some people are allergic to self custody. And apparently that allergy is a window to being a business idea...
People will do everything in their power to avoid buying real bitcoin
The more people do it the more likely they “fix” the glitch
(and honestly let these morons get rekt IMO)
Lol its basically fedimint but without the eCash bit and not sat to eCash token backed, but variable rate per share! This is your bitcoin scaling now
:))
No, you also need to participate in lots of interviews and convince everyone that you are a true maxi. I'm thankful for Saylors inputs and world views, as they are indeed extremely interesting. But my uneducated self fears that if he is sucking the whole market empty while his company is in decline (apart from the bitcoin thing), I can't help but think he will blow up at some point (and he potentially he already is aware of that or that's even the plan). Just think about Strategy blowing up and the US getting his BTC... If he is just the puppet for the US to create a reserve already, without "officially buying in yet", they can buy more at a lower price. Seriously, how can such a company buy 13k bitcoin every here and there? If you take Saylor by his word, why didn't he take all his "loans" at once? I don't get it and when I tried to research it, I didn't find any info that would make sense to me. Saylor might be the next price bomb, we don't know. The fear of Strategy being overleveraged and about to blow exists since many years now, yet he still buys more and more. If anyone can explain this reasonably to me, I'd highly appreciate it.
The world
If you re tempted to sell, you cannot sell :))….I am starting my first company: If you cannot hold your Bitcoin, I can hold it for you.
If it all gets sold, price tanks and noobs can get it in cheap.
If he loses it then bitcoin becomes more scarce. There’s no real problem i can see. I just find it interesting people would pay money to not own something
Yeah the next bear will be very painful
I mean, if he didn't buy in the first place, we could have bought cheaper for the past few years probably. And not sure how these 500k bitcoin (single Bitcoin, not USD) will hit the market is another question, but you can be pretty sure that the price will tank for a longer time....... if..... the US doesn't claim it. I see why humans would buy his stock rather than the raw asset, but I would shit my pants. Lots of people are too convinced by what Saylor believes and how he is behaving. I'm not sure if this guy is the be all know all. He seems to see himself as that, which is a red flag in itself imho. If his stock blows, all the "hodlings" of people with his stock will take a huge haircut. As we know, in trading, there is for every loss on one side, a win on another.
> If it all gets sold, price tanks and noobs can get it in cheap.
That's not how it works. For cointards past performance is indicative of future results so if I tanks, that means it'll tank even further.
Time is a flat circle
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It’s the same “I like Bitcoin, but my shitcoin” game from every cycle just with tradfi rails
Notyourkeysnotyourcorn amirite?
🐏 🐏 🐏 🐏 🐏 🐏
Something something wall street appetite for volatility 🤷🏻♂️
Yea, you can just do things
His loans are small compared to his bitcoin stack and most of his bitcoin bought each week is via selling of his shares, so, no risk to the company.
But why would he invest in irregular steps? Why not all at once or something? Or why not OTC (maybe he does but I don't know). And he did in fact take loans, he said that over and over. I think he also did stock splits to buy more. Either a tanking bitcoin price or people selling his stock for some reason, could potentially blow his company. But what the heck to I know. I would never buy that stock, because I have many questions but find no answers. Unlike raw bitcoin, where I have lots of answers to all kinds of critics.
I see this as a way to accelerate a speculative attack against the dollar
yeah of course
🎯Same lessons will be learned over and over again
Exploit the loophole — while it’s still legal and the whales aren’t interested.
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He can’t lose it, he doesn’t own it. Not holding keys
someone holds the keys, and they could lose it
Well it makes financial sense if it gives you cheaper btc exposure
Yes he takes loans in the form of bonds. Bitcoin would have to drop significantly and stay low when the loan is due to be repaid for it to be an issue. He sells shares each week but does so sensibly so not to tank his own share price.
See the first quarter webinar for how the numbers stack up (Saylor’s segment of the video). https://www.strategy.com/investor-relations
But isn't he on a heavy leverage? Like if BTC would go to 50k again, it would all bust? After all, he could become such a target at 500k Bitcoins that could be liquidated.
Every cycle gotta have a fucking gimmick for rent seeking scammers and normies
He owes $8b and has $58b in bitcoin. If bitcoin dropped to $50k he would owe $8b and have $29b in bitcoin. Even if bitcoin dropped to his debt value, he would have time as would only become an issue when the debt needed to be repaid. Another reason why he staggers the borrowing so it doesn’t all come due at once.
thx! already in bed but will check.
The point is leveraging corporate balance sheets.
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Or a way to spot easily the socialists sheeps among us
One can not be a socialist and still not trust themselves with their own money 😅
We trust others with our food, our clothes, our tools...
It is very hard in today's world to be self-sovereign on everything.
Yes because in those cases you must trust others, unless you are allmighty.
But in the case of your money it's technically doable by anyone who wants to. So at that point it becomes a matter of will, rather than capacity. So not willing to take your money into custody shows a servile mind IMO
For high net worth individuals it's a another story though because the question of security is important so if you want to take custody of your funds, the technical burden comes back (multisig etc...)