@stablekwon I absolutely love LUNA. Easily have been one of the most vocal advocates of it since the day I came across it late Spring. I’ll be an advocate of it for years to come. Doesn’t mean it isn’t susceptible to extreme volatility in a down market. Respect you hopping on here though tbh
There are people on this app who saw this video and thought: "This seems like a trustworthy financial product and not shady at all."
Literally falling for some of the most abject boomer slop ever created.
I know a guy who was/is all in STRC as a retirement income fund. Saw him three weeks ago. Told him that this was much riskier than advertised.
Feels bad tbh. Saylor should be ashamed of these products and especially how they were marketed, and @saifedean was right about yield.
@GiovanniIncasa You get no credit for the bitcoin. Assuming that you have a comfortable amount of self custody bitcoin, you can get about the same bitcoin price exposure with 34% MSTR, 33% STRD, 33% SATA, and an additional 33% in STRC on margin. Reinvest dividends into that split to compound
Here’s my question - what’s the problem (for MSTR) if STRC trades at $1?
They can’t issue new shares either way, is there a structural reason why this would be a problem for them other than bag-holders would be angry?
Genuinely asking, answers appreciated.
$MSTR mistakes:
- Draining the cash reserves meant for dividend payments.
- Advertising $STRC as a money market fund alternative.
- Twice monthly dividends instead of weekly or daily.
All fixable but they need to hurry up before $STRC dips into the $80s.
Unfortunately true. If you’re into Bitcoin just buy Bitcoin. If Bitcoin fails your STRC is going to be trash anyway.
Only an idiot hedges themselves out of the upside while taking all the downside.
What if we propagandize people but we make them believe in really cool, uplifting ideas which encourage them to live better lives and promote a positive vision for their future