The sentiment is so bad it seems people have forgotten the lessons of previous bear markets.
Historically these moments are always the best times to stack.
@namesnik386120@Hamsome@PeterSchiff Interesting 🤔
Was there a time you felt bitcoin did have value? If not, why would you be investing in something like STRC in the first place?
Capital markets currently value bitcoin at over $65,000. So not worthless, right?
@davidrivase@Hamsome@PeterSchiff The effective yield is over 12% now. I don’t think you understand how this works.
This is a credit instrument. It is not a bond. New capital will come in when they deem the effective yield attractive. I’m betting that happens again before the 15th.
@Hamsome@PeterSchiff Um…from anyone looking for an effective yield over 12% from a credit instrument with over 30 years of capital to support the dividend
The dollar in your pocket will be worth less in ten years. That’s guaranteed. Bitcoin down 45% is a sale on the only money in history that can’t be printed.
Bitcoin is down 4.33% since it's all time high of $69,000 in 2021
The S&P 500 is up 61% since then
If you dollar cost averaged (DCAd) (bought) weekly into Bitcoin, you'd be up 57.05%
But if you DCAd into the S&P 500 you'd only be up 44% in the same period
Time will tell, but every time STRC falls, new capital comes in a few days before ex dividend date and brings it back to the $100 target. I believe this will happen again. Maybe you disagree?
This has been the normal cycle for STRC. Dividends paid on a more frequent basis should smooth the ride. Hence the effort to pay dividends twice a month.