Nathan Simone 🏴☠️🍍 @Nathan Simone 🏴☠️🍍 - 1y
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 - 1y
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
