the difference between LUNA and MSTR is
firstly the collateral is BTC, not some shitcoin printed out of thin air
secondly, STRC is not a stablecoin and shouldnt be treated like one, it is more akin to a bond, and even then its not, it can have its interest rate reduced as well as a discount reflected in its price which is free market pricing
if you dont believe bitcoin will ever go up again, then yes MSTR is in a death spiral over time and will slowly get liquidated the whole way down while STRC keeps reflecting its discount
if you even merely think bitcoin will ever trade higher into new ATHs, over the next couple years, then this is not the case
also this is all assuming saylor cannot raise any other means of capital AT ALL or that NOBODY in the world is ready to step in and buy the bitcoin risk at a certain price
there is hardly any volume on this nuke in comparison to other bitcoin nukes
still price is just freefalling and liqudiating everyone
so fucking stupid
not a single soul in the world cares to bid
its crazy cause every asset in the world re-rated to the new valuations of how devalued fiat is and how productive society and its future is
but crypto is just going straight to 2020 prices
trump is saying all these things and Iran is just like "nope we didnt say shit, and goes and bombs 4 other gulf countries"
bro what is happening with this administration? who is advising trump on this absolute humiliation ritual
even rubio is starting to do it
USA better get their shit together and go for a second round of strikes ASAP
@criptopaul none of this is fraud and crime and the only one that actually has crypto to sell that affects market is mstr and its not as bad as what people think
ive seen enough ridiculously bearish things on my timeline this past week
im even more confident bitcoin bottomed at 60k on that capitulation in feb
at the absolute worst we go down for a double bottom in that range and then pump like never before
we wont see 50s or 40s that everyone wants, no chance.