Seems MSTR already shot up almost 10% on the day, and is trading higher in after-hours...
Michael Saylor speaks...
- Thread starter The_Krakenite
- Start date
Alright, I did it today.
On lunch-break I sat in the car and bought my first share of MicroStrategy. LOL. The whole rest of my dividend payouts went into buying up CAP-REIT units while the markets were still on sale.
This is actually kind of fun, now I can say I actually own a piece of Saylor's ass.
On lunch-break I sat in the car and bought my first share of MicroStrategy. LOL. The whole rest of my dividend payouts went into buying up CAP-REIT units while the markets were still on sale.
This is actually kind of fun, now I can say I actually own a piece of Saylor's ass.
What time are you and Flanders due back @ choirboy practice?
Can't get censored. Wikileaks used Bitcoin to accept donations since everyone else blocked them.
People protesting and collecting donations get their accounts frozen and what not in Canada. Can't happen with Bitcoin.
PayPal used to have monopoly as a payment system a decade ago. They were notorious for their poor service. If you got suspended by paypal, you were DONE. Single entity can decide the fate of your whole business.
Bitcoin eliminates the need for a trusted third party. I can send you money WITHOUT the bank settling the transaction. Transaction is settled over a peer-to-peer network that nobody can control. Not even the government.
The government has control over the money supply. The government is a monopoly.
It is mainly the competition that drives the innovation.
A monopoly has no competition, which leads to POOR SERVICE at HIGH COST with little to no incentive for improvement.
Most of the innovations happen in the private sector and cryptocurrencies create such an opportunity for money. They allow the creation of extremely efficient systems.
Though i feel like Bitcoin is just an idea and in reality it's an extremely inefficient system with high up-keep costs that pollutes the environment. People are buying in hopes of getting rich quick. It's a speculatively-driven bubble.
Ultimately cryptocurrency is just a database. The most expensive and inefficient database to be exact. It's main advantage is the censorship resistance. Decentralization makes it impossible to shut down. Virtual currencies existed before, but they all failed because they were eventually shut down by the government.
Even Mark Minervini doesn't short stocks (just indexes). It's something I've seen is common with many professionals.
Ever play mobile games, or at least aware that they exist?
This is why, despite all the shit-talking from the bears in this group, they are too scared to short and put their money where their mouth is.
I have shorted PUTs on crypto. I have shorted CALLs, I have shorted STRANGLES. Yet I have hardly ever met someone who SHORTs the asset as a whole, and has lived through it.
I have shorted PUTs on crypto. I have shorted CALLs, I have shorted STRANGLES. Yet I have hardly ever met someone who SHORTs the asset as a whole, and has lived through it.