No debt (mortgage/loans paid off) but I'm retired and living off savings/investments. Losing 70% of those savings/investments would be life changing (and not in a good way).
MicroStrategy's infinite money glitch
- Thread starter Pekelo
- Start date
No debt (mortgage/loans paid off) but I'm retired and living off savings/investments. Losing 70% of those savings/investments would be life changing (and not in a good way).
Most savings/investments that lose 70% do not recover to the same level or even if it does, would take over 20 years, i.e. Japanese stock market
Even if your home is fully paid for, it has maintenance costs, insurance costs, and tax property costs, these costs are liabilities just not in the form of debts, and when you do decide to sell it, there will be significant costs for the selling process, and it is not a liquid asset, my point if you are including that in your net worth calculation, think of the worst case scenario and discount the value accordingly, with special consideration to time lag of funds delivery
With bitcoin, it's a normal occurrence to lose over 70% every 3-4 years, and not only go back to the same level but exceed by several hundreds of %
Bitcoin is $65k now, will it crash or shoot up in the next 2 years?
I'm confident it will go up in the next 2 years
But there's no guarantee this crash/recover/boom cycle will keep repeating.
Often, when a pattern becomes this obvious, and everyone just expects it like the Sun coming up, is when it stops working.
But hey I'm probably just too old and cynical.
But there's no guarantee this crash/recover/boom cycle will keep repeating.
Often, when a pattern becomes this obvious, and everyone just expects it like the Sun coming up, is when it stops working.
But hey I'm probably just too old and cynical.
I agree with you... I actually believe this cycle will no longer have a 70% crash, only at most a 30-40% correction which will be recovered within 6 months
Too many source of fund inflows to bitcoin now that bitcoin never had before in previous cycles, i.e. bitcoin spot etf's from US and Hong Kong, plus corporate allocators like Microstrategy, but most importantly, the integration of bitcoin to managed funds
Also another big one is the 13F filings of public companies invested in bitcoin spot etf's
The question is if bitcoin will hit $1M or $500k or $250k peak price in the next 2 years
Hmmmm
Sporting a $22 billion dollar market cap ????
Revenue of just $115 million
Gross profits of $85 million??
https://finance.yahoo.com/news/microstrategy-announces-first-quarter-2024-200100593.html
Sporting a $22 billion dollar market cap ????
Revenue of just $115 million
Gross profits of $85 million??
https://finance.yahoo.com/news/microstrategy-announces-first-quarter-2024-200100593.html
In December when mstr adopts the FASB rule, they can claim the profits on their bitcoin holdings
About $300/share EPS, or a PE of 4 at current share price
