Opened a ~big MicroStrategy position today for a short/medium-term trade — completely unlevered.
Short-term will be volatile with December being a prime tax-loss harvesting month and MSTR being one of the biggest losers this year, but I like the risk/reward here. There are also a couple of MSTR-specific factors that will add volatility.
If it gets fudded some more and dumps without a break in fundamentals, I might buy more.
I'm basically betting that:
The system still wants a public BTC casino node, and this one is already built, so they won't nuke it — and the market has overshot to the downside.
Could Peter Schiff have predicted the bottom? Only time will tell.
Short-term will be volatile with December being a prime tax-loss harvesting month and MSTR being one of the biggest losers this year, but I like the risk/reward here. There are also a couple of MSTR-specific factors that will add volatility.
If it gets fudded some more and dumps without a break in fundamentals, I might buy more.
I'm basically betting that:
The system still wants a public BTC casino node, and this one is already built, so they won't nuke it — and the market has overshot to the downside.
Could Peter Schiff have predicted the bottom? Only time will tell.