Bitcoins - digital currency
Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:
- Bitcoins can be sent easily through the Internet, without having to trust middlemen.
- Transactions are designed to be computationally prohibitive to reverse.
- Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.
Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold
Any value to this idea or will it never work?
I was uber bullish during the covid dip but don't think conditions are at all the same this time. Wildly different macro conditions, not much room for additional adoption, diminishing returns, and close association with Trump all could create bearish headwinds.
Feel this market could be cooked for quite a while. And if bulls can't hold the 70s then Saylor becomes a huge risk as well.
I agree. I think if 77-78k breaks (march lows and where it's at right now as I write this) then it is likely to go quite a bit lower (60-50s?). Think the bull market would be over for a while. It's also not great that a lot of the macro conditions have a lot of uncertainty with all the tariffs and global politics. It might be a risk-off period coming which is typically not great for BTC.
I was uber bullish during the covid dip but don't think conditions are at all the same this time. Wildly different macro conditions, not much room for additional adoption, diminishing returns, and close association with Trump all could create bearish headwinds.
Feel this market could be cooked for quite a while. And if bulls can't hold the 70s then Saylor becomes a huge risk as well.
Saylor rode it down to 15.5k in 2022 all the while having encumbered Bitcoin loans tied to Silvergate. His liquidation point was $3200. Those loans have since been extinguished (at a discount to par).
U don’t believe too much leverage can exist ?
He’s not levered. The converts and preferred’s will be repaid with stock and further dilution.
If you think Saylor is going to paper hand an unrealized loss bought within the last 6 months you’ve lost the plot.
and what happened if his stocks goes too low ?
ps: probably since i really never followed him much or his company.
Saylor talked about having to sell bitcoin at a loss to meet obligations. Thats the definition of levered
I guess that depends on if you actually believe him or if you think he’s saying it for investors, in relation to the 8-K filing terminology, etc.
Hopefully we don’t have to find out. But I'm guessing at some point, either short or long term, probably both, he'll be put to the test.
Bitcoin bros think the takeover is inevitable. Therefore the amount of leverage doesn't matter. Of course, even if they are right, this brings up the old saying about being highly leveraged doing any investing - "The market can stay irrational longer than you can stay solvent".
Conversely, bitcoin fellas want it to go lower so they can continue to stay humble and stack sats.
You're a bitcoin pal.
