$MSTR - STRATEGY'S BITCOIN U-TURN:WSJ
For years, Michael Saylor urged investors to never sell bitcoin—famously saying, “Sell a kidney if you must, but keep the bitcoin.” Now, his company, Strategy, is preparing to sell part of its bitcoin holdings to remain solvent. The irony is hard to miss: Saylor still appears to have both kidneys.
Joe Lim estimates that 90 percent of what you see on the internet is advertising in disguise, and he should know. For three years, Lim ran a company called Floodify, which at its peak operated 65,000 dummy social-media accounts used to drum up attention on behalf of paying clients.
The point of this kind of marketing is that nobody is supposed to notice it. But lately, the machinery has started to show.
In April, Justin Bieber headlined two consecutive weekends at Coachella. Coachella is the biggest stage in pop music save only for the Super Bowl, the kind of event that in theory generates its own attention. And yet on both weekends, a Discord server writer Lane Brown had been monitoring hosted paid campaigns for Bieber’s Coachella performances, offering clippers — people who are hired to turn a song, trailer, interview, stump speech, or whatever into short, social-media-friendly fragments — as much as a dollar per thousand views.
“On social media, popular opinion is being formed, measured, and manipulated all at once, and every signal the platforms produce — a trending song, a backlash, a talking point, the feeling that ‘everybody’ is suddenly talking about the same thing — can now be fabricated by unseen actors with hidden agendas,” writes Brown.
“Everybody is doing this now,” Lim says. “And if you’re not, you’re behind.”
Brown reports on how the same techniques are now being used to fool people on every app they go to in order to find out what other people think, not just in music but across entertainment, politics, consumer products, and celebrity gossip: https://t.co/hlcdfSmzPc
@GuthixMoney@mkftheone@jturnxr04 Being rich isn’t cool anymore in a world where everyone “appears” rich
What is cool, is owning brands people admire, and living in peace without the need to keep up appearance or be seen.
In my opinion.
Despite all the hype around the #BitcoinETFs, Bitcoin is clearly in a bear market. It's down 23% in dollars, but 33% priced in #gold, with one #Bitcoin now worth fewer than 25 ounces. Here's the updated chart I've been posting. Turn out the lights #HODLers, the party is over.
LVMH consolidated luxury to a point where we don't have luxury anymore. Last man standing is Hermès and a couple of diamond dealers against cookie-cutter commodity chic that is bankrupting the middle class and forcing wealthy people shop for vintage and employing a tailor
We are heading straight towards the Largest Recession since 1929....
And the Fed and Bank Analysts talk about "Soft Landing".
It is so much 2007 again and traditional economists are blind (or...) again!
But first.... #BlowOffTop 🚀
Looks like the drop will be very nasty. Do not try to catch the falling knife with leverage. $BTC may visit 51k but not in a straight line. Even $ZCX and $DMTR are likely to be available at 50% discount from their local tops. Strap your seatbelts! Waterfall ahead.