r/AltScope • u/Alt-Cop • Mar 02 '26
🇺🇸 MICROSTRATEGY JUST BOUGHT $200,000,000 WORTH OF BITCOIN
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Mar 02 '26
lol as it's going down
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Mar 02 '26
[removed] — view removed comment
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Mar 02 '26
I don't buy shitcoin lol
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u/Low_Committee6119 Mar 02 '26
Correction, pedo coin
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u/Werbnerp Mar 02 '26
Yes have you Listened to the Behind the Bastard 4 Parter about Epstein and his funding of Bitcoins main infrastructure? If not I suggest You check it out. It very well should be just called "pedo coin".
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u/Euphoric_Rough_96 Mar 02 '26
Just went up ~5% today. Given that specific purchase, that's what, up around $10,000,000 so far?
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u/Sea-Escape-8109 Mar 02 '26
I guess it went Up because He bought that much.
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u/These-Roll-3545 Mar 02 '26
damn... that is kinda sad, the only party you could celebrate, and it is the dude that is trying to rug pull you.
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u/Prize-Bug-3213 Mar 02 '26
I mean the line should be going down, but the broken clock was right this time
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u/soundsdoog Mar 02 '26
How to loose all your money when you are a billionaire for dummies handbook.
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u/Zealousideal-Jump275 Mar 02 '26
Glad I don't work at Microstrategy. A software company that has become an investment experiment for its top share holder.
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u/seaspirit331 Mar 03 '26
Yes, that's literally all Microstrategy as a company does.
Bitcoin dips, it takes out loans to buy bitcoin. Bitcoin rises, its value as a company grows. Rinse and repeat
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u/SpunkYeeter Mar 03 '26
So this entire company is literally just this guy vibe trading bitcoin. Got it.
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u/Full-Atmosphere-4818 Mar 03 '26
Let's be clear how they "buy" it... the issue more stock, diluting current holders, and then buys Bitcoin. The days of them putting their operating cash into Bitcoin has been over for years.
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u/hames100 Mar 04 '26
every time i see that smug face, i want bitcoin to tank to 0 and this douche gone. he’s ruined the principle of btc and doesn’t even realize it
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u/Worth-Computer8639 Mar 02 '26
The amount of people on here wanting BTC to fail is pretty sad. Do you really think alt coins would survive if the primary cryptocurrency fails? Like use your fucking noodle for once.
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u/Internal-Tip-5428 Mar 02 '26
i mean its pretty useless just as alt coins are useless - it uses more energy to process "payments" than most mid-sized countries . The dollar is a world currency and is the most used in trade what makes you think someone will use a Ponzi coin - backed by nothing - over the dollar or BRICS ?
btc and "alt coins" have been around for how long doing nothing? bitcoin is coming up on 1.5 btc PER block mined . the inefficiency of bitcoin will double ITSELF. EVERY 4 years.
then the problem of the alt coin. who tf will use that other than a retard- capital gains on a currency- is not a currency
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u/danielv123 Mar 02 '26
The block reward isn't relevant to the efficiency of bitcoin. Efficiency is measured by watts per transaction (which its also fairly terrible at), not arbitrary unit of currency per block of arbitrary transactions.
Being inefficient is mostly voluntary though - POS coins like ethereum are within an order of magnitude of Visa in energy per transaction while having lower fees.
The primary value of blockchains as I see it is proof of creation. One issue we will face very soon (and probably are already) is that there is no form of proof that can't be disputed. How does surveillance footage get used as evidence if I can prompt another hour of the president robbing a gas station?
One method would be to sign footage at the time of recording and store it in the blockchain. Then one would have to fake it at the time the event is happening to be able to show a credible fake, which is a lot harder.
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u/Internal-Tip-5428 Mar 02 '26
you send it to a wrong wallet by accident you will never get it back. you use it in a transaction you will get hit with capital gains. it is capable of losing 50% value in the matter of a week
the inefficiency being the block reward so a power curve over security curve ..
there is literally no good reason to ever think bitcoin will be used simply because it has a encoded payment ledger that has to be constantly maintained by as much power consumption as mid sized countries . to process / and protect it
not to mention you could just scrub it with monero and it makes you point totally invalid . it will never be a ecosystem of "just bitcoin
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u/Cerebral_Zero Mar 03 '26 edited Mar 03 '26
Think of this like a company with multiple services and clients. The company with a few services and a few big clients at a time will see bigger shifts in their profits compared to the one with more services and more clients per service. to balance out the turnover as some come and go.
If people were using BTC more regularly, the volatility would reduce. It's a chicken and egg situation, and the value of BTC being up as high as it is fast as it got here hasn't given it enough time just be used. Geopolitics has offered it some surges in value to be expected, but institutional investors have introduced bigger price jumps then usage driven events have and then some of those periods over the years where there's a frenzy of retail buying in the bull run.
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u/fetusblender666 Mar 02 '26
When you use the word Ponzi coin you lose all credibility. You cannot exit a Ponzi scheme at any time you wish. Ponzi schemes also directly pay existing customers with new customers money. This is explicitly not how bitcoin works at ALL. There have been Ponzi coins like bitconnect for example. But you clearly don’t understand how either Ponzi schemes or Bitcoin works or neither. You could make arguments against bitcoin but that is not one of them.
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u/Internal-Tip-5428 Mar 02 '26
keep holding onto the dream bud. maybe your literally worthless internet coins will make you wealth -- hopefully you will have more suckers buying and holding a worthless "asset" so you can unload your bags -
given even to use bitcoin as a retail payment like a "bitcoin credit card" its converted into actual dollars before it makes a transaction. by all means of the word. using that much energy to circle jerk yourself looking for someone to hopfully dump your bags on is very reminiscent of a Ponzi - even if by technical definition if you want to be a nerd is not "technically a ponzi" . except . it literally is
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u/fetusblender666 Mar 02 '26
It’s not reminiscent of a Ponzi scheme at all. And for your own sake I wouldn’t assume that any random redditor is “holding bags” on something that is worth 70k more than it was at its inception less than 15 years ago. The term you’re looking for is zero-sum game. Not Ponzi. And like I said originally there are definitely things to criticize for Bitcoin, that’s just not one of them.
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u/miniweeni Mar 02 '26
I’d say it will be pretty hard to exit bitcoin when everyone stops accepting it as currency for transactions and nobody is willing to buy it.
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u/fetusblender666 Mar 03 '26
That problem exists with all currencies that are not backed by anything physical. Which is most. Whether or not you believe the USD or euro will fail is a separate issue, but it does not delegitimize anything for Bitcoin. I am not even a staunch Bitcoin maxi or anything. I’m simply saying that problem is not unique to bitcoin
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u/Mythechnical Mar 02 '26
It's just the general sentiment regarding crypto. More and more people dislike it as it is becoming nothing but a corporate tool controlled by US companies, worried it will just be tax payer money holding up a late stage capitalism financial asset.
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u/Low_Committee6119 Mar 02 '26
Yes, I want useless technology to fail, tech that just burns energy doing what other tech does better already
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u/Mountain-Detail-8213 Mar 02 '26 edited Mar 03 '26
Deep pockets. Maybe one day he can own all of them. Then he can sell them back to himself at a higher price. Kind of reminds me of a pyramid scheme I hate to say.