It's official.
MicroStrategy, $MSTR, is now facing its biggest unrealized loss in history, at -$10.8 billion.
In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position.
By comparison, the S&P 500 is up +116% over this same timeframe.
Since MicroStrategy sold 32 Bitcoin at $77,135 per coin, their positions has lost -$11.8 billion in value.
This puts MicroStrategy's stock, $MSTR, down -77% since its record high.
Bear market is an understatement.
$BTC Maxi Rules:
- Group think, no outside opinions allowed
- expert in monetary policy
- Super Rich already
- convince those w/ 0.04 BTC they will be millionaires
- Must believe inflation ONLY positively effects Bitcoin
- innovation does not exist (unless it applies to Bitcoin)
- BTC price is going to infinity
@alecsime I agree it will probably go back up. But for some reason when it comes to $BTC people always talk in certainty. “This will happen”
When in reality that preferred stock could keep dropping
@BitcoinTeacher_ Something that is designed to peg 100 and drops to 95 at one point dropped to 92…. Is not good….
There is also no guarantee it goes back to 100… with all the SATA nerds and daily DIVs people can move their money to a “better” product
@JERM3575 Terrible take 🤷🏻♂️
If you are poor while under USD or whatever your currency is. You will be poor under Bitcoin.
Learn high paying skills and increase your income and invest. That is the true way to becoming free.
@BitcoinTeacher_ If someone is telling you to KYS for posting about bitcoin. That is next level crazy.
I can’t even picture how fat, sad, ugly, and unfriendly that person is in real life.
I think you could argue two points here.
Bitcoin network usage, which has real utility and security. Vs.
Bitcoin as a currency, which is word of mouth and forced integration.
I agree with the network part, but it becoming the next fiscal monetary king, I just don’t see happening. USA and BRICs would never let it get to that point.