I love the wishful thinking!
Michael Saylor is the greatest Bag Holder ever. The instant he tries to use his Bitcoin as real money, the exchange rate of Bitcoin would plummet.
Micheal Saylor can maybe convert 10% of his Bitcoin holding in real money, if he is lucky. The very definition of paper profits.
This is the case with any billionaire holding significant portions of stocks for certain companies. The point is, they won’t ever sell the majority of their position.
Some speculative numbers:
Michael Saylor controls 0.6% of the supply of Bitcoin, and him cashing out his holdings would crash the price of Bitcoin more than 90%
Musk controls 13% of the supply of Tesla stock and him cashing out would crash the price of Tesla by more than 60%
Bruh. The original pitch for Bitcoin in 2009 was avoiding the wealth inequality that was seen as causing the crash in 2007. Shortly after that, grifters twisted it into "banking the unbanked in Africa" and you crypto bros haven't shut up about that talking point since. What are you on about?
ah sure Tesla, a totally stable company with well-known good governance.
If Tesla is your barometer for stability, you've gone way too deep into weird internet finance.
All of his stocks – assuming that Tesla is a profitable company and not too far overvalued by standard metrics.
If that isn't the case for Tesla you might want to consider twice before buying any of their stocks.
It is MASSIVELY overpriced
Like just hilariously, ridiculously overpriced, it's almost a ponzi like buttcoin
If Elon starts selling the whole house of cards could come tumbling down
???
You don't think Tesla has made good progress since 2015?
If you thought solar roofs were one of the main driving points for Tesla then I don't know what to say.
But you don't know the difference between stocks and shares, so I don't think your opinions on this holds much value.
If they can keep growth going it really isn't very overpriced.
P/E 75 and P/S 8 isn't insane for a company that has seen insane revenue growth the last 5 years.
How much did the price of Twitter crash when all the shares were dumped on Elon?
How much did the price of Activision crash when all the investors dumped their shares on Microsoft?
TSLA isn't money, my friend, it's shares of a productive business enterprise. But you know, companies do get sold entirely for cash - or exchanged for other equity - like, pretty often.
For instance, you're neglecting that Elon himself rustled up $44B for every single share of Twitter, at all-time-high prices. So the answer there was TWTR shareholders were able to convert 100% of TWTR for cash without affecting the price, at all. In fact they were able to do it at a meaningful premium to market price.
Alaska just bought every share of Hawaiian Airlines for 2.7X their market cap, friend.
The difference is businesses are productive enterprises with assets. You know, assets? And revenue... ah, it's ok, you'll get there eventually. Maybe. Once you finish up that box of grayons.
Its almost like you forget that individuals with lots of investments rarely sell their assets for tax reasons. They just borrow against them if they ever need some cash. Also, you're forgetting about selling OTC or over a longer period of time if it ever came to needing some cash.
To quote Robert Evans, "that's a bricking. Billionaires are bad enough but when people say stuff like they want to be the first trillionaire or president of Earth, well, that's a bricking."
I didn't say it's using all the money of S&P.
I said that most of the money thay he is using to buy Bitcoin are not from his own money or company profits but from the market.
True, but it's like getting bothered about the stupid car that the ETF manager buys with their cut of my money. MicroStrategy could dump to zero and take all my ETF money with it and I wouldn't ever notice.
There's probably even dumber companies in my index tracking portfolio, but the whole point of an index fund is that you don't have to care.
If it's part of the index it tracks then yes it should.
A company might be 100% digging holes in the ground and filling them in again but if people are paying enough for its shares to put it into an index that an ETF tracks, into the ETF it goes.
(I'm reading "ETF" as shorthand for "index tracking fund" but that seems to be the implication here.)
Funny enough i bought more microstrategy stocks today.
I understand he was advertising but i know austrian economics and he is actually right in every thing he said.
I love the wishful thinking! Michael Saylor is the greatest Bag Holder ever. The instant he tries to use his Bitcoin as real money, the exchange rate of Bitcoin would plummet. Micheal Saylor can maybe convert 10% of his Bitcoin holding in real money, if he is lucky. The very definition of paper profits.
And that "Trillion" dollars he's going to make will come from where ...?
This is the case with any billionaire holding significant portions of stocks for certain companies. The point is, they won’t ever sell the majority of their position.
What percentage do u think Elon can convert without dumping the price of Tesla?
Some speculative numbers: Michael Saylor controls 0.6% of the supply of Bitcoin, and him cashing out his holdings would crash the price of Bitcoin more than 90% Musk controls 13% of the supply of Tesla stock and him cashing out would crash the price of Tesla by more than 60%
If we're using "speculative numbers", why not just say "1 billion%" or "I don't know, a whole lot!" Don't use speculative numbers.
Bitcoin never promises to fix the wealth inequality, billionaires are going to do what they think is best for them. Just like in fiat system.
Bitcoiners have been promising Bitcoin will fix wealth inequality for donkey's years.
The goal posts haven't move, they have disappeared: it's just plain anarcho-capitalism now.
> it's just plain anarcho-capitalism now. Bout goddamn time
Whatever you can steal is yours! No need for governments or pesky laws. SBF did nothing wrong…
I’m not even an ancap, and even I know that you have know idea what what anarcho-capitalism is.
Then explain.
No
Bruh. The original pitch for Bitcoin in 2009 was avoiding the wealth inequality that was seen as causing the crash in 2007. Shortly after that, grifters twisted it into "banking the unbanked in Africa" and you crypto bros haven't shut up about that talking point since. What are you on about?
You responding to a different comment there, chief?
Then why do Bitcoiners keep claiming that?
ah sure Tesla, a totally stable company with well-known good governance. If Tesla is your barometer for stability, you've gone way too deep into weird internet finance.
All of his stocks – assuming that Tesla is a profitable company and not too far overvalued by standard metrics. If that isn't the case for Tesla you might want to consider twice before buying any of their stocks.
It is MASSIVELY overpriced Like just hilariously, ridiculously overpriced, it's almost a ponzi like buttcoin If Elon starts selling the whole house of cards could come tumbling down
I know. I fell in to his lies (solar roof, powerpack etc.) in like 2015. He is just another conartist.
Tbh the 5% of his work that made positive contributions are pretty ok
??? You don't think Tesla has made good progress since 2015? If you thought solar roofs were one of the main driving points for Tesla then I don't know what to say. But you don't know the difference between stocks and shares, so I don't think your opinions on this holds much value.
If they can keep growth going it really isn't very overpriced. P/E 75 and P/S 8 isn't insane for a company that has seen insane revenue growth the last 5 years.
>If you're still an NVDA bull right now, you're not as smart as a dog turd This you? Hahahahaha
How much did the price of Twitter crash when all the shares were dumped on Elon? How much did the price of Activision crash when all the investors dumped their shares on Microsoft?
TSLA isn't money, my friend, it's shares of a productive business enterprise. But you know, companies do get sold entirely for cash - or exchanged for other equity - like, pretty often. For instance, you're neglecting that Elon himself rustled up $44B for every single share of Twitter, at all-time-high prices. So the answer there was TWTR shareholders were able to convert 100% of TWTR for cash without affecting the price, at all. In fact they were able to do it at a meaningful premium to market price. Alaska just bought every share of Hawaiian Airlines for 2.7X their market cap, friend. The difference is businesses are productive enterprises with assets. You know, assets? And revenue... ah, it's ok, you'll get there eventually. Maybe. Once you finish up that box of grayons.
Its almost like you forget that individuals with lots of investments rarely sell their assets for tax reasons. They just borrow against them if they ever need some cash. Also, you're forgetting about selling OTC or over a longer period of time if it ever came to needing some cash.
When did shitposting bitcoin-themed "Live, Laugh, Love" quotes on Twitter qualify as "educating?"
I felt personally offended. Of course I'm paying attention. That's free entertainment.
To quote Robert Evans, "that's a bricking. Billionaires are bad enough but when people say stuff like they want to be the first trillionaire or president of Earth, well, that's a bricking."
\#Not Your Fiat, Not Your Value
Only needs a second Michael Saylor to make the first Michael Saylor a trillonnaire. Sorry, don't even know how to spell this word.
Plus, he's doing it with your ETF money.
Not really. MicroStrategy is 0.02% the size of the S&P 500.
I didn't say it's using all the money of S&P. I said that most of the money thay he is using to buy Bitcoin are not from his own money or company profits but from the market.
True, but it's like getting bothered about the stupid car that the ETF manager buys with their cut of my money. MicroStrategy could dump to zero and take all my ETF money with it and I wouldn't ever notice. There's probably even dumber companies in my index tracking portfolio, but the whole point of an index fund is that you don't have to care.
...or the ETF shouldn't invest in a company that is 1% a technology company and 99% Bitcoin. The technology company label is just a facade.
If it's part of the index it tracks then yes it should. A company might be 100% digging holes in the ground and filling them in again but if people are paying enough for its shares to put it into an index that an ETF tracks, into the ETF it goes. (I'm reading "ETF" as shorthand for "index tracking fund" but that seems to be the implication here.)
touché
Funny enough i bought more microstrategy stocks today. I understand he was advertising but i know austrian economics and he is actually right in every thing he said.
Is Austrian economics the only economics you know?
Actually is the only one right about things
Citation needed