@ZynxBTC it’s a circular financil tsunami that will crash crypto, MSTR and its pfds. The more STRC they issue; the more the cash outflow increases. At some point the market says “ no mas” to any addl pfds. Then they HAVE to sell BTC to pay the pfds dividends.
@ErikLindy i’m with you on the zipper merge , missunderstood by most drivers . Backing into a space only irks me when there is a lot of volume in the lot and the driver backing in is blocking a bunch of cars - and they never pull off a quick , one turn back in.
@ZynxBTC move the decimal to the left 2 places and that will be closer than those Power Law Predictions. Bitcoin is now just another Wall Street Product, not the off the banking grid thing is was at the start . MSTR’s current strategy of raising pfd equity to buy BTC will be the end of it
@shaguncrypto you have your decimal point off , $800 is a better bet than $800k. It’s had its run based on the initial premise by the early believers A congrats to them . But it’s now mainstream with WS involved so just another risk security . MSTR strategy will blow it all up .
@jamie_selects you know it’s a bad idea and are only posting this for clicks and rage bait . It you would really considered putting all your IRA assets into a security like STRC , you’d better be ready to be working forever .
@scottmelker it’s at a 5% discount on its way to 20% discount . This is a high risk security and even 11% is not high enough to compensate for the risk of this security .
@GlennOnrampBTC any one who got into STRC or gets into this thinking it’s a stable cash dividend machine doesn’t understand risk and risk mgmt . This security could, and long term will, spiral down for the reasons you highlighted. It will crush people who believed the narrative pushed by bulls
@Vivek4real_ invert the chart and explain that when it had a bull run. No reasons other then speculative flows as there is no long term underlying business or value .