Michael Saylor speaks...

[Pekelo]

MicroStrategy is not a Bitcoin ETF.

But it was treated like a proxy for one. So practically it was one, in the time when institutions couldn't directly invest in crypto.

Why would we listen to him when he is just touting his on stock? I mean if he was using facts and valid arguments I may listen, but usually these types don't.

Maybe I will buy the stock when it is under 10, seems to be the time to go long...

By the way plenty of morons or outright scammers among billionaires, so that is not an excluding factor.

 

[maxinger]

Out of 2100 employees in MSTR,

how many professional traders do they have ?!?!?!

 

[JackMorgan]

Saylor is a k00ky bastard who destroys wealth . Everyones except his own

https://playcrazygame.com/2021/09/14/dont-trust-cheater-michael-saylor/

 

[JackMorgan]

View attachment 284284

Did he become a genius sometime after March, 2000? 22 years is a long time to wait to just slightly more than double your money.

99% of his investors over time are under water. That chart proves it

 

[johnarb]

I always look at quarterly results. The numbers I used are rounded but they are good enough to get the picture. These are from my personal notes. I didn’t include losses from Bitcoin, “digital asset impairment losses.”

Do your own research if you distrust my numbers. Always good to do your own work.

About insulting me, you have me all wrong. I have nothing against you at all and don’t recall being offended by anything you wrote. Sometimes I just tweak your ear to see if you get riled up and lose focus. Nothing personal.

My humor is very dry and it can be taken the wrong way. I don’t do it to everybody. Just to the people that I think can take it in stride and that I enjoy bantering with. Ken Calhoun is another one.

Okay, I’ll tone it down a little.

It's cool, I don't really like arguing on a message board, I prefer discussing actual usage of the crypto assets in local wallets, or yield farming which is hardcore web3 stuff

It would be great if everyone on ET can experience the ability to transfer crypto assets (money) on a decentralized network

I have no position on MSTR (yet), was planning to buy some call leaps after paying taxes, but taxes exceeded even my conservative high estimates

The bigger reason I haven't bought the MSTR leaps calls is negative wealth effect. Fed is succeeding in its inflation-fighting operations in my case

I'm supposed to buy a new laptop (my current one will be handed down to a family member that needs it) but I'm procrastinating, so I'm contributing to a slowdown of inflation, lol

The mind plays tricks even though short term liquidity has not changed, the value of the long term positions are still taken into account

Personal anecdote on this Fed interest rate hikes and QT effects on the markets and wealth effects and inflation

 

[newwurldmn]

MicroStrategy is not Bitcoin.

MicroStrategy is not a Bitcoin ETF.

MicroStrategy is a publicly traded corporation that pretends to be a tech company while operating as a holding company for Bitcoin.

It has over $200MM in quarterly operating expenses.

It has quarterly revenue of around $100MM and loses over $100MM per quarter.

MicroStrategy’s claim to fame is that it jumped on the Bitcoin bandwagon and its CEO became the de facto bandleader by hyping up Bitcoin on twitter and other media venues.

Michael Saylor deserves a lot of credit. He led a 20+ year failing tech company to the top of another bubble. The foray into Bitcoin was either out of pure genius or out of sheer desperation. Or maybe both.

I looked at the financials published on bloomberg:

for the last 10 quarters, revenues are about 100MM but operating income has been between zero (last quarter) and 25MM (in q4 2020). It's never been negative. This is income from continuing operations. In the last 15 years they've only had 1 year with negative operating income (2019). This is a pretty decent business.

As reported shows 100MM loss but that includes the write down of the bitcoin.

 

[Baron]

Saylor is a k00ky bastard who destroys wealth . Everyones except his own

https://playcrazygame.com/2021/09/14/dont-trust-cheater-michael-saylor/

Thank you for referring us to a blog post from playcrazygame.com as the basis for your opinion. Now that's some solid research material right there.

 

[savoir]

I looked at the financials published on bloomberg:

for the last 10 quarters, revenues are about 100MM but operating income has been between zero (last quarter) and 25MM (in q4 2020). It's never been negative. This is income from continuing operations. In the last 15 years they've only had 1 year with negative operating income (2019). This is a pretty decent business.

As reported shows 100MM loss but that includes the write down of the bitcoin.

Thanks for the correction. I was lazy and going off my memory. I should have typed quarterly operating expenses are 100MM as written in my notes, not 200MM.

A pretty decent business? Also wrote “unprofitable sans Bitcoin.” Bottom line is the fundamentals didn’t deter the trade.

 

[Pekelo]

Saylor got lucky once in the 90s so he became a billionaire. By virtue, some people here automatically assume he is a genius and whatever he touches would turn into gold.

Yet he let his company's stock drop by 99.9% once and for the second time he is down by 85% or so.

Don't confuse luck with brain power.

 

[JackMorgan]

Thank you for referring us to a blog post from playcrazygame.com as the basis for your opinion. Now that's some solid research material right there.

Don't need research when I have this chart . Note the much higher volumes at the highs

How many billions has this k00k incinerated for stockholders ??