Unless he committed a criminal act or duped people,Saylor is dam close to a genius.
Billionaire status puts him in rarified air
Billionaire status puts him in rarified air
Saylor steps down after Bitcoin losses
- Thread starter Ed48
- Start date
Well he asked people to mortgage their houses to buy Bitcoin when it was on the 50k mark. I wouldn't call that a genius, more like a gambler, don't you think so?
Baron
ET Founder
You're not looking very hard then.
Baron
ET Founder
Yes, he did say that but he's also said a thousand times that your time horizon needs to be 4 years at a minimum. You can't just reverse engineer all his comments and trades to fit into a 9-month box when that was never the stated timeframe from day one.
Fair enough, but his problem always has been that big mouth that he is willing to show on interviews. Many have failed on their predictions but he is most hated because of the way he speaks.
I don't even know how he managed to become a CEO of a company, to be honest.
Baron
ET Founder
Interesting. What is it about the way he speaks that you find so irritating?
He labels people in a very patronizing way, as if he was anything else than a gambler. He speaks like he knows some kind of a supreme knowledge about economics. The most hilarious one is when he goes all-in about the transfer of energy. He sounds like a mad man.
Most of his predictions on Bitcoin have failed, so he is just wrong most of the time. A person like that should be a lot quieter.
Well, he talks very well and intelligent, is great at selling the BTC narrative but when it comes to crypto, he is kind of a newb but is too arrogant to recognize it. He has never been through a crypto bear market, let alone the potential GFC type recession that even BTC has never been through.
MSTR is essentially a leveraged BTC fund, with barely mediocre entry points on their BTC purchase, but a high premium. Most of investors who got in on MSTR once the BTC strategy was put in place are losers. The pre-BTC investors did great and prob dumped on the newbies. Sounds like yet another shitcoin pump & dump story, how ironic.
Also, Saylor made himself a target for liquidation by the BTC whales & players. This really illustrates his lack of experience with the space. He claims the liquidation point is $4k or smth but who really knows. It's prob much higher, plus his lenders can get concerned due the current shaky macro environment, and move to cut down risk.
Now he changing his role to essentially spend more time on TV, Youtube & Twitter to convince others to pump his bags. Cause WTF else is there to do for him with the BTC investment?
Maybe he'll pop up here in a few weeks, and try and steal the mantle from johnarb.
Funny, but johnarb's knowledge and experience in crypto puts Saylor to shame.
johnarb at least recognizes the gains & profit potential in alts & DeFi.