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There’s been chatter for a us gov’t BTC reserve not ETH, that’s why.
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btc has a better brand. they’re better positioned in this environment of trump being president, 50/50 crypto-backed congressmen won their seats, and they all name-check bitcoin, they’re not out there talking about ethereum at all.
i think they will come through on the bitcoin protection stuff but their endgame is they’re gonna make coins for every department like one of them is gonna have a secretary of interior coin, a secretary of state coin, and of course each secretary will start with the lion’s share and the rest of us have to pay up if we want to vote on what each department does. the voting of course will be nonbinding, but the biggest coin holders will be the ones making each secretary rich, in the sense that the more someone buys the richer the secretary gets so it’s kind of streamlining lobbying and they could do it all on ethereum, so i like ethereum too
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with a commemorative trump coin to mark the occasion for each one for only $29.95. well crypto is up lately so 49.95
I bought around 10k of Bitcoin, Etherium & Litecoin over the course of a year back in the day. Sold virtually all of it when I made a 10% profit. I was happy with that at the time lol
In 1994 I thought about creating an ecommerce company that would start out by selling books but over decades come to replace the entirety of the retail industry, but I went to college instead.
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sports betting group i was in had me interested enough to figure out how to buy, i bought 9 coins for $36 something total.
obv sold when it doubled.
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Congrats on a 100% roi
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Similar story (in terms of results)… but current day. Do I sell?
I’ve been buying $100 of BTC and $100 of ETH once per month for the past 13 months. That $1300 of BTC buying has an average cost of ~$42k and is worth $3k now.
Oh ya… and that includes the $1k I sold on election night to light on fire with their betting when the markets made their initial move down. Good times.
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saylor always buying the top of the cycle is probably the most impressive thing ever.
i guess its easier to get loans when bitcoin is crushing?
Makes a lot of sense if he himself is buying at the bottom and selling those coins to his company using other peoples money.
His holdings are 10bn or something in profit so not too shabby. Also hes incentivised to just hammer the buy button as long as mstr shares are trading at a huge premium to their btc holdings. In reality he should squeeze as much as he can until they’re much closer to parity.
Well, they’re never going to be parity unless btc falls for awhile. Probably was under or close during the bottom of the bear markets. When it’s a bull it’ll be quite over.
If he sold it all tomorrow, profit wouldn’t even be 5b, it’d be an amazing candle.
anyway, as noted the top is easier to get the notes or whatever because it’s been going up for awhile and psychology wise, we go it’s been going up so it’s always going to go up.
Wat? MSTR traded way under their btc holdings at the bottom of the market.
It will obviously trade closer to parity if he just keeps buying btc with basically MSTR shares. A rational market and they would already be trading close to parity.
And taking slippage into account for selling is also irrelevant as the whole thesis of the company is to never sell a single btc ever.
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its’ not going to trade closer to parity unless btc is rather stable was the point I was making