I warned @saylor many times that constantly buying Bitcoin nonstop and backing it with his own company shares is playing with fire. I tried to be a helpful friend, tried to help him see the risk, he decided to ignore and backfire on my warnings by calling my warnings nothing but crap, which is something I want to recall now:
Since those warnings, Strategy is down around 75% from its highs and Bitcoin dropped about 52% from its peak. His reported average BTC entry is around $76k and with BTC currently near $66k that puts the position roughly 13% below cost. Since they started buying in 2020, they never realized meaningful profits, never made serious strategic selling decisions, and since 2020 they are overall -13% in loss. Meanwhile their stock is in a non stop continued downside move and reached -75% so far. MSTR investors are suffering the volatility. Saylor was already one of the biggest losers of the dot-com bubble in 2000. I even told him that with the current AI bubble he risks repeating history in 2026. Instead of reducing exposure, he doubled down and kept buying more BTC while ignoring warning signs. I truly wish MSTR and Saylor the best, but I cannot understand how reckless this trading approach is in such a late-cycle environment. Markets reward discipline, not blind believe in Bitcoin. There is always time to buy and time to sell. I hope he will listen next time instead of mocking my warnings.
Best regards, DrProfit.
Not a single bottom in the history of #Bitcoin actually looked like a bottom but more like a fully broken structure like in 2015, or 2018.
Buying very big for the long term, I dont care for short term price movements. Iam ready to hold two or three years.
See you in 2024
My bearish stance just became more agressive
I said after hitting 90-95k we can see a new ATH
This is now invalid. I consider lower as possible
In other words, there is nothing to be bullish
Repeat after me:
Bitcoin goes below 100k in September
Bitcoin goes below 100k in September
Bitcoin goes below 100k in September
Bitcoin goes below 100k in September
Bitcoin goes below 100k in September
Bitcoin goes below 100k in September