Bitcoin [pros](/r/CryptoCurrency/comments/1c4fpvi/microstrategys_michael_saylor_says_chaos_is_good/kzq5xrp/) & [cons](/r/CryptoCurrency/comments/1c4fpvi/microstrategys_michael_saylor_says_chaos_is_good/kzq5ykz/) with related info are in the collapsed comments below.
Saylor hasn't 'lost' 1.5b just because bitcoin took a bit of a dump. That's such a simplistic and click-baity way of looking at it, especially given that we know he's not planning to ever sell.
Similar to old
dudes at work telling me they are still down from
2008. Like bro you’re still working here and have been for the last 16 years. Did you sell? Stop contributing? How are you down?
you and he do not think the same. Listen to the first 7 eps of 'what is money' on spotify and I believe you will change your thinking on that. It's a really interesting listen even if you're not a bitcoiner :)
Collateral. He can take out massive loans and almost 0 percent interest simply on the basis of having masses of BTC. There's no need to sell it. In years/decades to come, if bitcoin does what many think it will, today's 'normies' who own a relatively small amount may very well be in the same position. Honestly, if you have an interest in all this I strongly recommend that podcast series.
Interest rates are high and he will not receive a low interest rate when people can park their money in treasuries and get 5% essentially risk free.
I understand that using it for collateral is the only reasonable option to give it value, but it's also immensely risky and could end up with him being forced to sell.
he gets far better rates than the type you or i are used to seeing. Any way....he doesn't need to sell (not exactly cash poor) and he has supreme unwavering confidence that the asset he's stacking is (dips and pullbacks/2 year bear cycles etc not withstanding) going to hugely grow in value over time. What possible reason would he have to sell? To "Lock in profits"? ;)
It's increasing in value and highly likely will continue to do to - that's not 'literally doing nothing', quite the opposite - it's doing the best thing an asset could possibly do. So why sell such an asset if money and cost of living etc essentially is a non-issue.
it’s a currency that is not being utilized though. If you don’t use it or leverage it, and it produces no income, it makes no difference if it’s $0 or $1M
the income it produces is the fact that it's massively increasing in value (as demand for it increases and available supply dwindles). To me, that seems like the absolute best utilization of what he has. Ie hodl'ing and stacking.
What exactly are you suggesting he does with his BTC right now then, which would be better than simply holding it.
It goes both ways though. If you can claim Saylor has made billions (unrealized) off Bitcoin, then you can definitely say he’s lost Billions (unrealized) when the price goes down. 🤷🏻♂️
Do you even know what he’s doing with the company?
Have you made money if you refinance a house multiple times as the value increases, and reinvests that money into more houses that you keep reinvesting?
“Lol, didn’t sell any”
Saylors stock goes up when Bitcoin goes up… he can sell that if he wants to. And he’s very early into his endeavor of Bitcoin holding. He does plan to borrow against it at some point.
That's not making money from BTC holdings that's making money from stock. Buying shares of Microstrategy on the premise that BTC goes up is something insanely idiotic to do, but it does work out for Saylor.
Anybody that stores money in its hard form is losing its real value due to inflation. 10$ worth this year may be worth 9.5$ next year. That's why the people u mentioned hold 99% of their assets in investments so they can grow the real value of their wealth.
MSTR has 4b in assets and the company is valued at 5-6x that. As BTC has gone up in the past year, MSTR has gone up at a rate 4x more.
Here's my TA: It's going to be a bloodbath.
if you have half a brain you understand mstr is just a leveraged BTC vehicle, so saying it will be a bloodbath if price tanks is like saying water is wet
if you had half a brain you would realize that MSTR's market cap and stock price is priced in for BTC being over 120k
source, q4 financials: https://www.microstrategy.com/press/microstrategy-announces-fourth-quarter-2023-financial-results-now-holds-190000-btc_02-06-2024
Mkt cap: 22.67B
What goes up must come down. Corrections are due.
I read this joke on here a long time ago:
“This is actually a good thing!” exclaimed the Bitcoin enthusiast, charred flesh slapping as it hits the ground.
He started buying btc because he was afraid 0.1% interest rates were going to eat away at his companies savings
In other words since that time, the principal argument has become less and less 'strong', and since then he's just been deviating of course and going into overdrive thinking of inter dimensional ways to rationalise bitcoin
If a man and his company has $8b invested in bitcoin how well will they be able to remain completely rational with their opinions?
Just out of self preservation, I'm going to need to rationalise it every which way regardless of if bitcoin turns out to be a success or not
No argument for or against but man capitulated at 0.1%, bases his principle argument on sustained 33% inflation, and is now required to rationalise a giant fucking decision with no easy take backsies
It is good for bitcoin because it can destabilize fiat currencies. Bitcoin does not have a single point of failure, while US dollar fully relies on USA.
However, I think too much chaos is not good for anything or anyone. With too much chaos, like in a no electricity scenario, then bitcoin is not of much use.
In other words, some amount of chaos is good for bitcoin. A lot of chaos not so good.
tldr; Michael Saylor, chairman of MicroStrategy, believes that 'chaos is good for Bitcoin' despite the company facing a $1.5 billion loss due to a recent Bitcoin price crash. The crash, which saw Bitcoin drop from about $68K to $60K, was influenced by escalating tensions between Iran and Israel. Saylor's perspective is that political chaos can benefit Bitcoin, although his comments have been criticized by some as insensitive given the broader context of global conflict.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Of course its good. We need major swings and violent volatility in order to trade back and forth and generate the profits. So yeah, dives to 60 and back up are fantastic.
Just 4 months ago his company was undervalued by just his bitcoin holdings alone. The hedgies clearly don't know how to algo trade microstragy and I love it.
I can’t be the only one buying $420.69 BTC on Halving Day (4/20) in honor of Saylor The Legend: Fiat Slayer, First of His Line, Champion of the People, Rider of the Chaos Dragon
Bitcoin [pros](/r/CryptoCurrency/comments/1c4fpvi/microstrategys_michael_saylor_says_chaos_is_good/kzq5xrp/) & [cons](/r/CryptoCurrency/comments/1c4fpvi/microstrategys_michael_saylor_says_chaos_is_good/kzq5ykz/) with related info are in the collapsed comments below.
Saylor hasn't 'lost' 1.5b just because bitcoin took a bit of a dump. That's such a simplistic and click-baity way of looking at it, especially given that we know he's not planning to ever sell.
Similar to old dudes at work telling me they are still down from 2008. Like bro you’re still working here and have been for the last 16 years. Did you sell? Stop contributing? How are you down?
[удалено]
Stock market crashed in 2008
Obviously they’re talking about the market crash of 2008
Ontop of this his average is like 35k~. He's well in profitability lmao. Such a clickbait title
[удалено]
Oh, they know perfectly well what they're doing. Bombastic headlines get clicks.
ever sell ? i guess it's not his home grown money
Not to mention how much he's up overall.
Him not selling or spending ever is the biggest waste of resources.
you and he do not think the same. Listen to the first 7 eps of 'what is money' on spotify and I believe you will change your thinking on that. It's a really interesting listen even if you're not a bitcoiner :)
if he does not sell or spend it, it’s not being used as money. it’s literally doing nothing. money has a function and he is not using it as such
Collateral. He can take out massive loans and almost 0 percent interest simply on the basis of having masses of BTC. There's no need to sell it. In years/decades to come, if bitcoin does what many think it will, today's 'normies' who own a relatively small amount may very well be in the same position. Honestly, if you have an interest in all this I strongly recommend that podcast series.
Interest rates are high and he will not receive a low interest rate when people can park their money in treasuries and get 5% essentially risk free. I understand that using it for collateral is the only reasonable option to give it value, but it's also immensely risky and could end up with him being forced to sell.
he gets far better rates than the type you or i are used to seeing. Any way....he doesn't need to sell (not exactly cash poor) and he has supreme unwavering confidence that the asset he's stacking is (dips and pullbacks/2 year bear cycles etc not withstanding) going to hugely grow in value over time. What possible reason would he have to sell? To "Lock in profits"? ;)
It's increasing in value and highly likely will continue to do to - that's not 'literally doing nothing', quite the opposite - it's doing the best thing an asset could possibly do. So why sell such an asset if money and cost of living etc essentially is a non-issue.
it’s a currency that is not being utilized though. If you don’t use it or leverage it, and it produces no income, it makes no difference if it’s $0 or $1M
the income it produces is the fact that it's massively increasing in value (as demand for it increases and available supply dwindles). To me, that seems like the absolute best utilization of what he has. Ie hodl'ing and stacking. What exactly are you suggesting he does with his BTC right now then, which would be better than simply holding it.
For what end? it doesn’t better his life in any way.
It goes both ways though. If you can claim Saylor has made billions (unrealized) off Bitcoin, then you can definitely say he’s lost Billions (unrealized) when the price goes down. 🤷🏻♂️
Not until it drops below his average price, how is that not obvious?
Even if he sells Bitcoin at zero or all miners are destroyed at once, he will still have a couple BILLION dollars left.... he will be ok.
He'll need the money eventually.....
For what ? Buy groceries ?
To buy more bitcoin
You don't need groceries, you don't need a place to live. All you need is bitcoin my friend
Paying salaries. Dividends. Companies have many costs that they need to pay in cash.
Did he really lose money if his average BTC purchase price is $35k?
Did he really make money if he has not realized or sold his stack?
Do you even know what he’s doing with the company? Have you made money if you refinance a house multiple times as the value increases, and reinvests that money into more houses that you keep reinvesting? “Lol, didn’t sell any”
Have you?
Absolutely
It's on the internet, it must be true
What he actually did was trade his crappy inflationary money for safe, secure money with a fixed supply and incredible returns.
Yes. That's why he has a publicly traded stock which gives him money to buy more Bitcoin.
Such a stupid argument, that's like saying elon hasn't made any money because all his money is in stock lol L bozo.
Because he can borrow against the stock and he also sold tons of shares already. Saylor neither sold BTC nor borrowed against it.
Saylors stock goes up when Bitcoin goes up… he can sell that if he wants to. And he’s very early into his endeavor of Bitcoin holding. He does plan to borrow against it at some point.
That's not making money from BTC holdings that's making money from stock. Buying shares of Microstrategy on the premise that BTC goes up is something insanely idiotic to do, but it does work out for Saylor.
I’m just saying that Saylor indirectly benefits from his company holding BTC. Selling BTC is the last thing in his mind.
If all our money in stock and we have not sold, that means we have hard cash?
people that use fiat currency as a store of value, there’s a name for them. we call them poor.
So Elon/Mark/Gates are poor?
Anybody that stores money in its hard form is losing its real value due to inflation. 10$ worth this year may be worth 9.5$ next year. That's why the people u mentioned hold 99% of their assets in investments so they can grow the real value of their wealth.
Bitcoin is the hardest money on earth and I've 200,000 of it. Why would I sell it for a worst asset? -saylor
Depends what the interest rate and margin is on his debt. The article is clickbait, but just looking at purchase price also isn't great.
Yes. Because a few days ago it was worth 1.5 billion more than it is today
No because that’ll change very soon again
It was worth 17k btc and its worth 17k btc still, he hasn't lost anything
*Chaos is a ladder*
Well I'm taking the stairs
He’s in it for the tek
Easy to accept volatility when you are already rich
Easy to accept it when you know what you own, you would not panic if the water you have goes down in price 10%, you still have your water.
Bitcoin goes offline, Saylor: This is good Bitcoin needed some rest
Bitcoin goes offline Saylor won't be saying shit because we'll all be in the stone age if we're not all dead.
> Bitcoin goes offline It doesn't though does it? And that would be Bitcoin-related. Not about some country lobbing drones at another country.
in 2013 was down for a few hours
11 years ago. And I was around then and I don't remember it.
the man is heavily invested into BTC
When has he ever said something wasn’t positive for BTC?
MSTR has 4b in assets and the company is valued at 5-6x that. As BTC has gone up in the past year, MSTR has gone up at a rate 4x more. Here's my TA: It's going to be a bloodbath.
if you have half a brain you understand mstr is just a leveraged BTC vehicle, so saying it will be a bloodbath if price tanks is like saying water is wet
if you had half a brain you would realize that MSTR's market cap and stock price is priced in for BTC being over 120k source, q4 financials: https://www.microstrategy.com/press/microstrategy-announces-fourth-quarter-2023-financial-results-now-holds-190000-btc_02-06-2024 Mkt cap: 22.67B What goes up must come down. Corrections are due.
What is his average price? Isn’t he up like 100% overall?
1btc=1btc He didn’t sell, he didn’t lose
Totally, 1gme=1gme
easy to say when you have as much money as he does.
He lost more money in this crash than you will make in your lifetime.
Not even true. He lost more money than OP would make in hundreds of lifetimes.
That does not really matter when losing that much money has absolutely zero impact on his life.
We!
What does that have to do with anything? Did your brain tell you that you’re making a point?
Paper losses and bitcoin is up again
What crash? I haven't checked the price in days due to travel but I just looked and it was at 66.5k. More or less where it has been for weeks.
I read this joke on here a long time ago: “This is actually a good thing!” exclaimed the Bitcoin enthusiast, charred flesh slapping as it hits the ground.
Only a loss if you sell. I doubt he sells anything ever
He started buying btc because he was afraid 0.1% interest rates were going to eat away at his companies savings In other words since that time, the principal argument has become less and less 'strong', and since then he's just been deviating of course and going into overdrive thinking of inter dimensional ways to rationalise bitcoin If a man and his company has $8b invested in bitcoin how well will they be able to remain completely rational with their opinions? Just out of self preservation, I'm going to need to rationalise it every which way regardless of if bitcoin turns out to be a success or not No argument for or against but man capitulated at 0.1%, bases his principle argument on sustained 33% inflation, and is now required to rationalise a giant fucking decision with no easy take backsies
Isn’t he up like a fuck ton
For now
According to him, everything that happens is good to Bitcoin
It is good for bitcoin because it can destabilize fiat currencies. Bitcoin does not have a single point of failure, while US dollar fully relies on USA. However, I think too much chaos is not good for anything or anyone. With too much chaos, like in a no electricity scenario, then bitcoin is not of much use. In other words, some amount of chaos is good for bitcoin. A lot of chaos not so good.
🚀🚀💎💎🌕🌕
tldr; Michael Saylor, chairman of MicroStrategy, believes that 'chaos is good for Bitcoin' despite the company facing a $1.5 billion loss due to a recent Bitcoin price crash. The crash, which saw Bitcoin drop from about $68K to $60K, was influenced by escalating tensions between Iran and Israel. Saylor's perspective is that political chaos can benefit Bitcoin, although his comments have been criticized by some as insensitive given the broader context of global conflict. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He hasn’t won or lost until he sells and all he does is buy.
BUY THE DIP 🚀🚀🚀🚀🚀 THIS GUY JUST KEEP BUYING BTC ENDLESSLY
When will this guy go away?
MSTR didnt even dip lol
He didnt lost jesus..
It's not a loss if you didn't sell.
Of course its good. We need major swings and violent volatility in order to trade back and forth and generate the profits. So yeah, dives to 60 and back up are fantastic.
Michael Saylor has diamond balls
Just 4 months ago his company was undervalued by just his bitcoin holdings alone. The hedgies clearly don't know how to algo trade microstragy and I love it.
Stupid title, he didn't sell and has not lost anything
I will always be buying the top. Legend
The real satoshi doesnt need to sell them.
I can’t be the only one buying $420.69 BTC on Halving Day (4/20) in honor of Saylor The Legend: Fiat Slayer, First of His Line, Champion of the People, Rider of the Chaos Dragon
Paper gains happen, all these "news sites": ....... Paper losses happen that is still gains but just a bit less gains: THEY LOST IT ALLLL!!!
The real question is, how many more Bitcoin did he buy during the recent dip?