Nathan Simone 🏴☠️🍍 @Nathan Simone 🏴☠️🍍 - 2mo
I have a friend who wants to YOLO 50K into MSTR via his Roth IRA (he also owns real #Bitcoin) and ride it up with the BTC bull run. Has been watching the price since $100 (now around $190) and thinks it still has massive room to run. Short-term focus on tax-free fiat gains. Other than MSTR trading at a premium which I don't entirely understand, they do own a 💩 ton of #Bitcoin and Saylor seems to be a good actor. Besides short term volatility or Saylor going insane, what's the real risk for this play? Seems too good to be true.
Eric FJ @EricFJ - 2mo
1) if it works, he has to know how to sell (harder than it sounds) 2) leverage works both ways. If the bull run doesn’t go as “planned” (nobody knows shit) then MSTR is a centralized company with assets that can be called
Indeed, that was my main concern...it's quite volatile (slightly more than #Bitcoin) I'm not smart enough to understand the premium other than the market believes that Saylor will be able to use the infinite money glitch forever.
True, but they'd probably own a decent chunk of #Bitcoin by then or have someone who'd want to help and preserve their stack?
Great points - I asked him what his exit price was, and it was roughly "double my money." So somewhere around $300+/share. Easier said, then done. If I remember reading correctly, Saylor's margin is somewhere in the teens for #BTC price? While it could always happen, it seems unlikely.
It does seem unlikely, yeah the rumor is it’s low but it’s really a black box
