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Started By
Message
re: I'm feeling bummed about taking profits on MSTR
Posted on 11/20/24 at 8:23 am to Vastmind
Posted on 11/20/24 at 8:23 am to Vastmind
I understand your sentiment. You have conviction in the stock and believe it will go higher. You may be right on this one but you have certainly had conviction about other stocks in the past that lost money. I know I have. The rule I have now is whenever a stock is up 50% or more, I sell enough to cover my initial investment. This allows me to keep riding momentum with “free money”. I feel less disappointed if it goes down and still enjoy the wins if it keeps running.
1
Posted on 11/20/24 at 8:58 am to Drizzt
He's got nothing to be disappointed about.
He's now presumably (hopefully) debt free and still owns l large position.
Paying off 50k in debt calls for a bottle of champagne. And he did it buy clicking two buttons. Let that sink in.
He's now presumably (hopefully) debt free and still owns l large position.
Paying off 50k in debt calls for a bottle of champagne. And he did it buy clicking two buttons. Let that sink in.
Posted on 11/20/24 at 2:27 pm to Vastmind
quote:Sell it all now. I just realized what this ridiculous scam was.
I'm feeling bummed about taking profits on MSTR
Posted on 11/20/24 at 2:43 pm to Big Scrub TX
Please explain said scam
Posted on 11/20/24 at 5:02 pm to sonoma8
quote:The company seemingly has one asset: a pile of bitcoin. The stock price implies the company is somehow worth like 3.5-4X the obviously knowable market value of the bitcoin.
Please explain said scam
Posted on 11/20/24 at 7:34 pm to Vastmind
Very good chance the stock will crash and burn sooner then later. Billions of bitcoin doesn’t provide a product nor service.
If I were in your shoes I’d dollar cost average out of the stock at a minimum.
If I were in your shoes I’d dollar cost average out of the stock at a minimum.
Posted on 11/20/24 at 11:25 pm to SaintsTiger
quote:What's the case for holding for even one millisecond? Literally, there are several ETFs that allow you to hold bitcoin AT CURRENT TRADING PRICE.
Very good chance the stock will crash and burn sooner then later. Billions of bitcoin doesn’t provide a product nor service.
If I were in your shoes I’d dollar cost average out of the stock at a minimum.
What am I missing?
Posted on 11/20/24 at 11:48 pm to Big Scrub TX
Check out quant bros on YouTube episode 7.5 and open your eyes to what is happening. If you don’t do the research and you just listen to the typical talking heads you won’t see it. MSTR has tapped into the convertible bond/fixed income markets who have limited options on their purchases. These markets are huge and Mstr has the best performing btc backed bonds by a lot. These bonds have outperformed bitcoin. 30+ billion dollars of assets, 4-6b of debt. Price going higher
And to address ibit, they won’t be added to qqq, sp500 and other passive index funds that Mstr is/will be in, which is just money that is always pouring in. Ibit can’t raise debt and leverage their assets to buy more btc. If you own Mstr, the company is adding more and more bitcoin for you at alarming clips. If you believe in btc and knowing stocks are forward looking then it’s easy to see why Mstr trades at a premium to its NAV
Last remark: Mstr is borrowing billions of dollars interest free with equity attached to it and investing the money in btc which has grown on average 60percent a year over the last 4 years. You can see it’s easy money for them. And as the market cap gets bigger, more funds from the market weighted indexes will pour in. Mstr has turned traditional thinking of earnings quarter to quarter in its head and said I’ll buy the best asset and put it on my balance sheet and let the treasury do all the work
And to address ibit, they won’t be added to qqq, sp500 and other passive index funds that Mstr is/will be in, which is just money that is always pouring in. Ibit can’t raise debt and leverage their assets to buy more btc. If you own Mstr, the company is adding more and more bitcoin for you at alarming clips. If you believe in btc and knowing stocks are forward looking then it’s easy to see why Mstr trades at a premium to its NAV
Last remark: Mstr is borrowing billions of dollars interest free with equity attached to it and investing the money in btc which has grown on average 60percent a year over the last 4 years. You can see it’s easy money for them. And as the market cap gets bigger, more funds from the market weighted indexes will pour in. Mstr has turned traditional thinking of earnings quarter to quarter in its head and said I’ll buy the best asset and put it on my balance sheet and let the treasury do all the work
This post was edited on 11/21/24 at 12:00 am
Posted on 11/21/24 at 5:52 am to Big Scrub TX
quote:
What's the case for holding for even one millisecond? Literally, there are several ETFs that allow you to hold bitcoin AT CURRENT TRADING PRICE. What am I missing?
If I saw that someone made 570% on a stock, I would humble myself and try learn about what happened instead of being contemptuous.
Sub Irresponsibly Long MSTR on X for the best info.
Posted on 11/21/24 at 5:57 am to Vastmind
quote:That Jeff guy has made anyone who has been willing to listen a shite load of money. Bright dude.
Sub Irresponsibly Long MSTR on X for the best info.
Posted on 11/21/24 at 5:58 am to SeymourButts
Serious question, do you think BTC will continue to go up 60% a year?
What happens when a few big whales profit take their BTC holdings? The rout will on.
What happens when a few big whales profit take their BTC holdings? The rout will on.
Posted on 11/21/24 at 6:05 am to SaintsTiger
The whales that currently exist in bitcoin are small fish compared to the money that’s still on the sidelines. And you get religion after years in bitcoin. You don’t take a big fiat profit so you can buy the S&P. Yeah, they’ll secure the bag and buy nice houses and shite but bitcoin isn’t a “hobby” or even just an “investment” to these people.
This post was edited on 11/21/24 at 6:06 am
Posted on 11/21/24 at 8:25 am to SaintsTiger
Yeah I do think 60 percent a year, you have Pennsylvania with a bill on their house floor, Texas soon to put BTC on their treasury. Multiple states also following in their footsteps. Even Louisiana you can pay taxes in bitcoin right now. And not to mention the Us has a bill submitted. So the future is looking bright. I do think over time the returns will slowly taper down as the asset gets bigger.
As of the whales taking profits, the big players are in the game now. Blackrock and fidelity anrent involved in BTC to watch their customers take 80 percent drawdowns. I think those days are over. If you look at the 13F filings every quarter bigger and bigger names the Morgan Stanley’s of the world are adding more and more. These guys aren’t selling. I can see a pull back as the traditional 4 year cycle is still in people’s minds but it will just be an exchange of btc into people’s hands who aren’t playing that game anymore and are more committed to the long game.
As of the whales taking profits, the big players are in the game now. Blackrock and fidelity anrent involved in BTC to watch their customers take 80 percent drawdowns. I think those days are over. If you look at the 13F filings every quarter bigger and bigger names the Morgan Stanley’s of the world are adding more and more. These guys aren’t selling. I can see a pull back as the traditional 4 year cycle is still in people’s minds but it will just be an exchange of btc into people’s hands who aren’t playing that game anymore and are more committed to the long game.
Posted on 11/21/24 at 12:10 pm to SeymourButts
quote:That's a lot of words to provide literally zero answer to my question.
Check out quant bros on YouTube episode 7.5 and open your eyes to what is happening. If you don’t do the research and you just listen to the typical talking heads you won’t see it. MSTR has tapped into the convertible bond/fixed income markets who have limited options on their purchases. These markets are huge and Mstr has the best performing btc backed bonds by a lot. These bonds have outperformed bitcoin. 30+ billion dollars of assets, 4-6b of debt. Price going higher
And to address ibit, they won’t be added to qqq, sp500 and other passive index funds that Mstr is/will be in, which is just money that is always pouring in. Ibit can’t raise debt and leverage their assets to buy more btc. If you own Mstr, the company is adding more and more bitcoin for you at alarming clips. If you believe in btc and knowing stocks are forward looking then it’s easy to see why Mstr trades at a premium to its NAV
Last remark: Mstr is borrowing billions of dollars interest free with equity attached to it and investing the money in btc which has grown on average 60percent a year over the last 4 years. You can see it’s easy money for them. And as the market cap gets bigger, more funds from the market weighted indexes will pour in. Mstr has turned traditional thinking of earnings quarter to quarter in its head and said I’ll buy the best asset and put it on my balance sheet and let the treasury do all the work
Posted on 11/21/24 at 12:12 pm to Vastmind
quote:First of all, when something is up 6X already, my first instinct is to sell, not buy.
If I saw that someone made 570% on a stock, I would humble myself and try learn about what happened instead of being contemptuous.
But beyond that, I'm duly impressed by all circus/mem shows. Chamath had people believing nonsense about certain SPACs - until they crashed. We can list any number of examples of smart charlatans getting extremely wealthy doing something preposterous.
Nobody has an answer to the basic question: how can one justify paying a 400% premium for an asset that is easily accessible via many ETFs?
Posted on 11/21/24 at 12:28 pm to Big Scrub TX
MSTR is in effect acting as a BTC exchange
Posted on 11/22/24 at 2:27 pm to cgrand
quote:At 3-4X the implied price of Coinbase/ETFs? Total insanity.
MSTR is in effect acting as a BTC exchange
Posted on 11/22/24 at 2:40 pm to Big Scrub TX
maybe maybe not.
it comes with value…the value in actual ownership of the equity in a traditional brokerage account that can be liquidated and/or bartered instantly in good old USD
as opposed to the BTC exchange/wallet/blockchain gibberish that most people can’t or don’t care to try and navigate
it comes with value…the value in actual ownership of the equity in a traditional brokerage account that can be liquidated and/or bartered instantly in good old USD
as opposed to the BTC exchange/wallet/blockchain gibberish that most people can’t or don’t care to try and navigate
Posted on 11/22/24 at 4:10 pm to cgrand
quote:Which of those classes are you putting ETFs into? Because they certainly go in traditional brokerage accounts.
maybe maybe not.
it comes with value…the value in actual ownership of the equity in a traditional brokerage account that can be liquidated and/or bartered instantly in good old USD
as opposed to the BTC exchange/wallet/blockchain gibberish that most people can’t or don’t care to try and navigate
And even if not - a 400% premium? Like I said - insanity.
Posted on 11/22/24 at 4:37 pm to Big Scrub TX
well the ETFs are relatively new.
I get your point I really do
I don’t own any MSTR or any crypto of any kind. I don’t understand it and have no desire to try. I’m just saying that for the “masses”, MSTR offers an equity stake in billions of dollars of BTC in a traditional investment portfolio. The BTC holdings are the only reason people are buying the stock
whether that’s a “good” investment plan or not I would have no way of knowing
I get your point I really do
I don’t own any MSTR or any crypto of any kind. I don’t understand it and have no desire to try. I’m just saying that for the “masses”, MSTR offers an equity stake in billions of dollars of BTC in a traditional investment portfolio. The BTC holdings are the only reason people are buying the stock
whether that’s a “good” investment plan or not I would have no way of knowing
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