@_aaronpaul25 How do you know if your app is ready for this kind of marketing spend? For example I’m not sure if I would be in profit even after a viral vid since the subscription conversion rate for my app is so low
@Strike Hey @Strike longtime user here — I had a serious issue with a Bitcoin-backed loan after relying on support guidance before maturity, and my BTC collateral was sold anyway. Hoping someone can review this.
Just went through my first 4 year cycle last month. I’m still a firm believer that the big risk is a sharp move to the upside, leaving bull/bear cycles behind forever
SOLD all my $BTC today at $100.4K
It has been a fun ride holding the corn all the way from FTX bankruptcy and Luna ponzi (<$20K) to euphoria again.
Not buying back until $31K here is why..
(1/6)
Leave the details of the treasury operations out of it… people doubting the integrity of Saylor and thinking he just wants to run a grift makes me bullish already
This interview is so disturbing on so many levels. When Sam Bankman-Fried was interviewed on Bloomberg, at least Matt Levine was intelligent enough to call it out and say “it sounds like you are telling us you are in the ponzi busines, and business is good.”
Sorkin swallows Saylor’s completely nonsensical use of exotic sounding financial terms without pushing back an inch.
I rarely comment on individual securities but when Saylor tells you in this video that you should buy his converts, you really do not want to listen to him! The SEC was designed with an eye to stopping ponzis before they get big, and they have completely abdicated responsibility for this function to the very market participants who have once again lost their minds. People please be careful and take a breath before putting your money into stuff like this.
Here’s a thought experiment: in a hyperbitcoinized world, what happens to a company that is initially able to generate profits and stash bitcoin, but eventually turns into a zombie company making no profit? Does it just live forever with its bitcoin holdings?
Can someone help me understand the endgame for MSTR? Let’s assume the mNAV will always be greater than 1. This means they can print shares forever and buy bitcoin to increase BTC/share. This means MSTR is an infinite money printer buying bitcoin. Am I missing something??
@JasonPLowery I’ve been having a hard time understanding this logic. Are you saying the more price comparisons are made to BTC, the more it becomes embedded in human psychology as a unit of account/money?
@PHfloor @RealNatashaChe @NeilJacobs@JeffBooth I think his thesis is that deflation from technology is making it harder and harder to pay back debt. So in the example from this thread Mary isn’t getting her money back unless money is printed. And there are some debts that must be paid no matter what, so fiat must be debased