Saylor steps down after Bitcoin losses

Discussion in 'Crypto Assets' started by Ed48, Aug 3, 2022.

  1. Yes, you most certainly did. And you also were so sure of yourself that BTC was headed to 0 and that he was bound to get margin called. You were so sure of it. What happened there?

    MSTR is up to ~ $320 at the close this Friday. Making my entry still a huge win within just around 30 days. Thanks!

    That said, I look at MSTR as similar to the UBS Double & Triple-Leveraged REIT ETNs the Swiss peddled up to the beginning of the pandemic, which blew up in spectacular fashion and now are no longer sold. Even the SEC stepped in to prevent further derivatives in the 3x Leveraged categories.

    Is there a risk? Sure... But when your premiums are worth it, do you really want to sit out and watch your securities run away?
     
    #21     Aug 5, 2022
  2. johnarb

    johnarb

    "Since Aug 10, 2020 when we adopted the #Bitcoin[​IMG] Standard, $MSTR has outperformed 97% of S&P 500 stocks." -Michael Saylor


     
    #22     Aug 6, 2022