We check in on our financial-engineering "heroes" at Strategy now and again (#1475688, #1477917, #1427437)
Apparently, then -- says my feeds and the news Google wants me to see -- our god lord savior confessed that selling coins might be an option. (He's done that plenty of times before, albeit more hypothetically, so not sure why this is "news" now.)
Or here.
OK, I go on Twitter to find our beloved Mr Livingston (I presume...) talking about the wonders of selling bitcoin.
Yeah. I guess it's a thing, then?
Turns out all the Saylorboi hype accounts are posting about it.
God, I can't wait for these financial engineering scams to die out... make Bitcoin Twitter great again.
Look, these guys aren't wrong, and nothing about the numbers here seems off... and if I had a (monster!) pile of assets worth multiples of my recurring interest and debt principal repayment coming due, I'd also consider selling some. But what's with the hype and sycophantic amplification??
What's with the "NO THEY DON'T EVER HAVE TO SELL... oh dude confessed they might sell, YES YES OF COURSE THEY COULD SELL NO BIGGIE!"
It's like total 1984-the-chocolate-ration-was-increased over here, and the lords of hype keep LARPing. No seriousness, all just slop and LARP.
I dunno... these Saylorbois make the entire thing seem less respectable, plausible, or revolutionary -- not more.
I can't wait for them to die out, move on, issue a coin, or leave us the fuck alone. Saylor idealization was making a deal with the devil, and it's only slowly becoming clear to us what the deal is costing.
P.S., in the meantime, NAKA hitting all-time lows. Oh well.
This is generally bullish for the BTC/USD exchange rate.
The overhang of the possibility of him selling will disappear.
He described it well as “inoculation”.
Forward-looking markets hate uncertainty.
I would be surprised if anyone buying MSTR products in size actually thought they would never sell.. Wouldn't it add a massive amount of risk to their credit products?
yea, pretty much
Unless Fiat dies this ain’t never ending
Fiat must die and him making this game shows what a piece of shit fiat is.
Funzies indeed
This is exaclty it, the carry trade exists as long as lowish interest rate fiat does. If he's not doing it, somebody else will. It's perfectly understandable for people to dislike MSTR for the additional risk relative to bitcoin, not your keys ect. But he is really just shorting a weeker currency and buying a stronger one. Which, as long as the risks are managed correctly, will make one richer than if they just bought the stronger currency.
NO to Bitcoin Twitter, Yes to SN in anything Bitcoin
Just dont you dare ever mention The Greater Israel Project.
https://m.stacker.news/140471
You all jump down my throat every time I suggested that selling coins is a logical piece of the Saylor strategy.
Also, it looks like this particular scheme will be around for a long time.
One does not simply walk into Bitcoiners' corner of social media, mention the unholy word starting with 's' (and not ending in 'aylor'), and expect sudden bouts of logic to ensue.
this made me chuckle. hehe
not really... I mean, you're right that it's obvious and kind of a good play (at mNAVs below 1 at least), but it's completely contrary to messaging. I guess what this piece of news is him trying to nudge the messaging a little closer to "OK, fine, it's no trouble him selling!"
update: as in, he's acquired this cult-like iconic, lazer-eyed, CNBC talking head power figure by saying the opposite. Always buy, never sell, sell your kidneys/chairs but not your coins etc etc. That's how he got his hardcore/Bitcoiner following
I've never even been to bitcoin twitter, so what I've mostly seen is that hardcore bitcoiners aren't super high on him.
now yeah, but go back to the early ~third of his Bitcoin career arc (2021-22-ish) and they sang a very different tune
Before my time
Exactly!
I don’t buy MSTR STRC or any other if his products
But if he’s selling Bitcoin I’ll definitely buy that. Hopefully he starts selling soon.
The orange recycling
They're sitting on 44 years of coverage and still aggressively stacking.
Selling 0.18% monthly while buying 10x more isn't a scam, it's capital recycling.
Hype exists on both sides.
OK, Chat
Epic meme use
or here
He could pay the dividends in Bitcoin! No?
probably not, no (would require some rule changing at NASDAQ is my guess)
Which will come!
good luck with that!
I love your obsession over this and I’m here for it
we all gotta carve out our own niche, eh
carving mine on YT right now
https://twiiit.com/AdamBLiv/status/2051834111182950719