@StrategyMaxi@monster_models Agreed Maxi, my dad happens to be a Bitcoiner with surface level knowledge, imagine once he begins to understand the asset even better 😀
@monster_models I thought you'd find this interesting.
Today I had a talk with my dad about his current $STRC position. I explained to him how the share price has dropped from $99 to $95 due to the recent $BTC drawdown.
I told him how under the current conditions the shares are still paying 11.5% yield off that $100 par price but buying at $95 not only grants him a $5 gain per share once it returns to par but also under these current prices the new yield would be ~12% as of today.
He then asked me to help him transfer some more money from his regular savings yielding 3.1% and convert it into more $STRC shares for the higher yield.
My dad is a blue collar worker who understands the basics of $BTC yet has more conviction than 99% of the crypto bros out here.
Absolutely brother. I find it funny how perspective can affect people emotionally. Some are looking at this as a "end of the world" scenario while a few are approaching it as a better opportunity.
At the end of the day we both believe $BTC is not going to ZERO so hey.... "be greedy when others are fearful" am I right? Heard that one from a wise man who knows a thing or two about investing.
I have not sold any Bitcoin or IBIT or MSTR or MSTY.
I don’t blame you if you sold a meaningful % - the pressure is a lot.
I just never - EVER - want to hear you talk about Bitcoin - ever again - you failed.
Added a few $MSTR shares today.
It’ll probably go lower from here, but I remember the classic phrase: “time in the market beats timing the market.”
$BTC is not going to zero, so stay the course.