@coinbureau Number 1 is not correct. Saylor can suspend the dividends on STRC at any time, without reason. That is why STRC is trading at 94. Hedge funds are calculating that the dividend will soon be suspended. If they are, it will go straight to 30-40.
@0xEthan It is crypto. The whole point is to get rich exploiting dumb and desperate retail. Charles has been an inspiration to thousands. He is a legend.
@shahh I still have an open short on ADA. It still has WAY further to fall. It has a market cap of $7 billion and literally no one uses it. It might be down 94%, but the upside to shorting it here is still 100%.
@gainzy222 The VCs who "found crypto" in 2021 have done rather well. The VCs who own crap like SUI have made billions by dumping on dumb retail. So it all depends which side of the trade you are on.
@caspianxbt You are (I hope!) young and you will recover. Next time build real businesses, not things that rely on dumb retail speculation. You will certainly make more money, and you will feel better about yourself too.
All those Bitcoin lending companies must be having fun liquidating their clients' Bitcoin right now. They will certainly be adding a lot of selling pressure. The lower BTC goes, the more they need to sell = negative convexity.
@WOLF_Bitcoin_ This has to be true. My timeline is full of crypto shills saying "don't believe the FUD" etc. etc. They have been wrong for 5 years now, and missed massive wealth gains in stocks. But they are still as bullish on crypto as ever. Bearish.
@MilkRoad This is literally nonsense. STRC is trading around 94. The market is telling Saylor that he has to materially increase the dividend (again) or it has no interest in buying more. But Saylor can't increase the dividend, because he is rapidly running out of cash.
@MilkRoad@Jamie1Coutts AI agents may well invent ways to transact, but they certainly won’t pay to use the crappy VC-owned networks out there currently. No AI is going to use something crap like Solana is it?
@OffshoreHODL@saylor Dude. Seriously? Repurchase STRC with what? Saylor is running out of cash. He must hugely regret that terrible decision to repurchase the convertibles now.
@PeterSchiff@saylor Agreed. If Saylor suspends the dividend on STRC and it goes to 30-40, surely the SEC or DoJ will step in? The Saylor / Bitcoin worshippers (it is the same thing now) are not factoring in what happens to MSTR / BTC with Saylor behind bars.
@scottmelker This makes pretty much no sense. All Saylor is doing is pretending to create "yield" where no yield exists. That trick has been tried a million times in history, and has never once for a sustained period, but heck, maybe this time is different?
@Kylechasse Out of interest, how much do you get from the Sui VCs for these posts? I know Raoul Pal gets a ton of revenue from Sui VCs for shilling it (they still have $5 billion of tokens left to dump on retail). I hope you are getting a similar deal?