/biz/ - Business & Finance

>>50064831
but how though, by selling into his pumps hoping he'll get liquidated, at some point?

>>50064831
Different in a way since btc is already down 75% from ath and 10k would be 85% which is the typical end of bear markets (though that's after blowoff tops which this shithead didn't even do). Either way, the lower we go, the higher the chance the bottom is in

>>50064831
His made purchases during ATH that were literally 100x larger than the recent 10m purchase he just advertised. He’s either running out of money (very likely) or holding onto funds in expectation of a deeper downtrend. Either way, it’s a publicity stunt to hype up stupid retail investors to blindly pump his bags. The sleaziest kind of grifter

>>50065032
He is going to get liquidated if he keeps using leverage like an idiot. He should stay far away from debt in crypto, and he will be very rich in the long run.

>>50065101
He already announced he ran out of money. These recent buys are on debt.

>>50065109
bitcoin is never going anywhere near ath again, it's over kiddo. The only reason it hasnt gone to zero already is because of people who cant sell huffing the hopium. Normies dont want anything to do with shit. To them it was just a get rich quick scheme and the pyramid scheme burned down.

>>50065101
Buying in much larger amounts when the price is higher is exactly what retail investors do, it's how they get so far underwater. You'd think someone with such a high net worth would have paid for some good advice on how to get a decent price on Bitcoin (especially when putting in hundreds of millions into it).

>>50064831

3 ways to go broke

>>50064831
10m buy is literally nothing
he is just signaling that he is still hodling

he will just keep buying from time to time with his excess cashflow from the company

>>50064831
This is my second cycle and you just completely described me
When will I learn

>>50064831
>What do all midwits do on their first cycle? They buy heavily into the hype, then start to 'buy the dip' until they run out of capital. Then they keep going underwater (often -50% or more) and stop even checking the price.
Crypto isn't the game to play if you think red candles and massive drops aren't apart of it.

>>50064831
>-50% on Saylor tracker could be a good entry price.
so when? 5k?

>>50065109
>he keeps using leverage like an idiot
he stated that he's not leveraged

>>50065075
>the lower we go, the higher the chance the bottom is in
What a patrician way of thinking about the highs and lows of crypto.
Spot on.

>>50064831
Why is this guy the face of Bitcoin anyway? Even as a BTC maxi I never liked his cult-like permabull rants.
>Read earlier that he bought another dip
>It drops again just minutes ago

rekt

>>50065139
>bitcoin is never going anywhere near ath again, it's over kiddo.

>>50065139
https://www.google.com/amp/s/www.cnbc.com/amp/2022/04/14/bitcoin-btc-price-could-hit-100000-within-a-year-crypto-ceo.html
Kay, keep us posted.

>>50065636
>somebody said something I want to believe because I have personal stake in believing it and this means something .....

>>50065621
>>Read earlier that he bought another dip
>>It drops again just minutes ago
>rekt
When Oil company's stock price crashed back awhile ago I bought into a company FANG, I bought I think a dozen shares at 44/45$ a share, I sold those shares for 95ish dollars a share.
Had I had held I could have sold them for 155 a share a few weeks ago.
The price of FANG and every other cryptocurrency I've purchased the price always goes down.
It's crypto it's nothing but huge pumps and massive dumps.
Shit I remember buying nothing but Algorand for the entire year watching it dump and buying more for that sweet, sweet APY.
Sold algo on its way down from the 2 dollar ATH, but had I bought more algo than a measly little 1k coin bag I would have had much more money.

>>50065585
a loan, even a long term one with relatively low rates, is leverage.
his loans are to the tune of $4b on a company generating $100m a year on a good year
There are covenant tripwires built into some of the bonds he sold
Remember kids: everything will be fine until it suddenly isn't.

Also the fact that he is leveraged and doesn't realise it doesn't bode well for this "investment", plus there was this old tweet of him not even understanding how bond price and yields are inversely related.

>>50065666
I read everything negative about crypto too but dev teams tend to fix that.
Secondly most of 4chan/reddit is dunning Kruger mid wits that done know anything.

he will sell at 15k to cut his losses. top kek
whales are just as clueless as everyone else.

>>50065666
>That don't know anything.
Anyway, I also remember working some shitty factory job in chain links early days where it was under a dollar, where it was under 50 cents.
Imagine dumping, 25, 50, 75, 100, 150 dollars into chain link when it could barely stay at .50 cents a coin, then selling when it was going down from that ATH?
You would have had millions but I was saving money for rent and bills working a low paying factory job and didn't want to invest into crypto because I WAS TOLD BY FAGGOTS on /biz/ to never buy it, it's a scam.
Fuck you arseholes.
I'd post the /biz/ post where some faggot talked shit about BTC never going above 100 dollars but I'm on my phone.

>>50065748
midwit is being generous, I would say more like half wit or no wit. Just saying dont get your hopes up. Ever heard of the dot com bubble? Crypto is nonsense. There may be a place for it int he future to use for video games and that kind of shit but mass adoption is a pipe dream. 98% of the market is filled with scams, normies dont want to do with this shit and they all got burned and arent coming back. There is no one left to market it too.

>>50065666

>>50065797
I am forex anon buddy if you listened to me you would be rich already. I didnt say dont buy it, I was buying bitcoin when it is was less than 20 dollars a coin. I said dont expect to ever see 65k again,

stop posting celebrity investors
you gain nothing if they're positive
you lose nothing if they're negative

>>50065790
now I want a kebab. fuck

>>50065748
btw my degree was in computer science and I worked as a web dev for 2 decades. Crypto is hilarious because people act like it is some revolutionary technology when in reality that is bullshit, the blockchain is nothing but a flat file datasbase using json that multiple nodes can write too lol. Databases have been able to export their entire contents in xml to load to another database for 30 years. The blockchain is a rolls rolls royce body on top of a pinto frame and engine.

>>50064831
If this guy is a midwit I can't even imagine an actual dumb person

>>50065585
He leveraged his company. It issued bonds in the volume of 3 to 4 billion $ to buy btc. They had like a few hundred million cash which they used to buy btc without leverage. The rest is through dept. His personal btc holdings are without leverage, thats true, but it is nowhere near the amount that micro strategy holds.

>>50065824
Still more stable than shitcoins and BTC will ever be.

>>50064831
i dont understand, he had lightning eyes and was based, how could this happen?.

>>50064831
>first cyclist
this meme is real, they made some and buy dips till it‘s all gone trying to build a longterm investment, btc will go myspace, retards will have to learn the hard way

>>50064831
The bottom of this crash in crypto doesn't happen until microstrategy liquidates

>>50065824
the fiat meme is getting stale, dollar has proven to be the reserve currency while your shitstain portfolio gers obliterated

Saylor bought BTC at 10K

>>50066249
>It issued bonds in the volume of 3 to 4 billion $ to buy btc
what happens to these bonds as bitcoin goes down?

>>50065743
what does it happen to him when btc goes to 10k?

>>50066808
he buys more

>>50066176
A dumb person would've burn through cash faster and used leverage when at maximum greed. The last cycle had it's fair share of idiots getting personal loans to buy more as they ran out of cash near the top. Midwits don't quite burn out this early, they at least try to be 'strategic' with 'dip buying' so they tend to run out of cash on the way down. In the case of Saylor, he invested earlier (in 2020) and decided to use leverage around March 2021, which was on the way up to the first top. Peak stupidity would be FOMO'ing in 2021, running out of cash from buying into parabolic runs and then borrowing near the end of that year.

Mitwits always think they're cleverer than they actually are by waiting for the 'dip' to get a good price. You see in the March 2021 leveraged purchases that price moves seem to 'confirm' what Saylor thought as he really starts to load up on bitcoin throughout that year, genuinely thinking he was still getting a great discount.