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Token Daily is a place to discover trending news and products in crypto and blockchain.
And my algebra teacher said math wasnt necessary as an adult.. or was it the other way around? Shoulda paid more attention in class
They should have their name changed to MoonStrategy now
Problem is normal people are not buying because anymore generally.
Btc is bought up by corporations and the rich.
When they decide to dump it, will be big fish eat smaller fish.
Microstrat are laughing with BAGS full of cash, dont forget the 450 MILLION they also bought at 16,000 a BTC .. Such cute Sweet little bears
This is when Bitcoin starts getting dumb because it gets tainted by rich taints and material wealth greed obsessives
Buying MSTR is a call option on Bitcoin. I reckon the MSTR stock is based on future BTC value of $100K is $1122. Nearly 4x what it is now. The math is here. Thoughts welcome https://youtu.be/wculYMP2FBU
Next week: MicroStrategy sells their offices and parking spots to buy another 5000 bitcoins
It’s really confusing to me why they bought so high, it’s like 2017 all over again. Guarantee mid January we see a 60% drop or the start of one, and judging by average cost they did the exact same thing last time. Like... that’s buy high and bag hold until it’s high again years from now
Wow man, so nosey haha. I just bought a new GTI rally car with a 5k suspension. Ive made more money this year than the last 5 combined. The average price for them is 16k. If it goes below that they would be stupid to add to a losing position. Its common finace sense. Dont let me ruin your hopium with the truth tho. Losers gonna lose.
Freshly printed money out of thin air (fiat) to buy a better currency. Must be nice.
I do not have as many bitcoin as Michael Saylor does, but 1 thing I’m proud of is that my overall average price is less than $9k. I’m pretty happy about that.
I encountered BTC when it was a few hundred dollars only and two of my friends were mining. No regrets though. Heck, even if you buy now, a few years down the line $24k will be laughably cheap.
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