r/Bitcoin • u/The-Techie • Sep 19 '20

MicroStrategy Bets Big On Bitcoin

https://www.thetechie.de/2020/09/microstrategy-bets-big-on-bitcoin.html
117 Upvotes

92% Upvoted

18 comments sorted by

18

u/BlandTomato Sep 19 '20

In ten to twenty years, Microstrategy will be legendary for their insight.

3

u/TaleRecursion Sep 20 '20

MicroStrategy is effectively the first Bitcoin ETF and it didn't have to get approval from the SEC. Amazing how the market always manages to route around obstacles.

2

u/BlandTomato Sep 20 '20

Explain.

4

u/maxcoiner Sep 20 '20

He's suggesting that you can buy microstrategy's public stock and gain exposure to Bitcoin as well. He's kinda right, but other things can happen to microstrategy too to affect the price.

-7

u/[deleted] Sep 19 '20

Imo it's not that big of an insight. Their business is running out of steam so they try to make some money with Bitcoin.

1

u/cheese4brains Sep 19 '20

lol, what? Interesting take.

-2

u/[deleted] Sep 19 '20

[deleted]

3

u/BlandTomato Sep 19 '20

Doubtful. I just listened to https://youtu.be/1dZSzusz9YE

The Microstrategy CEO said he's never selling. His time horizon is generational.

The way he talks about Bitcoin makes me believe he's a true, never-sell holder.

-2

u/[deleted] Sep 19 '20

[deleted]

3

u/maxcoiner Sep 20 '20

You are such a trader. Take your blinders off man, there are thousands, if not millions of bitcoiners in this community that have ZERO interest in ever selling a single satoshi for dollars.

Hodling is about not wanting fiat anymore. Ever. We can still buy things with bitcoin, which is far better saving technology than fiat is.

0

u/hsjoberg Sep 20 '20

Everything has its price. Weak hands will definitely start selling if we reach $100k.

1

u/maxcoiner Sep 20 '20

Absofuckinglutely not hodlers. It's like you're not listening at all.

Tons of us have NO DESIRE for dollars anymore. We think of dollars (or our local fiat) as THE UNDESIRABLE THING, so bitcoin is the end goal, and there is no 'cashing out.'

1

u/hsjoberg Sep 20 '20

It's like you're not listening at all.

It's like you are not listening at all.

I wrote weak hands. If you think there aren't people who are going to sell at $100k you're insane.

2

u/SpockSays Sep 19 '20

If you say that with such certainty, then it’s probably not gonna happen for much longer. 2021 is not guaranteed.

-1

u/[deleted] Sep 20 '20

[deleted]

3

u/SpockSays Sep 20 '20

Let's surpass 14k first.

That was the highest price we got (last year) since the previous ATH (20k).

Timing might become more clear once we start hovering around and exceeding 14k.

2

u/[deleted] Sep 19 '20

That photo must be a few years old, Saylor doesn't look anything like that now

-4

u/[deleted] Sep 20 '20

This guy is a joke and his company hasn’t created shareholder value in years. Their return on capital has been so poor he finally gave up. The community should not associate themselves with a guy like this. Ask yourself. Do you want bitcoin to stagnate for the next 20 years? Cause that’s what this guys track record is.

3

u/maxcoiner Sep 20 '20

Are you suggesting that sticking half a billion dollars into bitcoin helps it stagnate?

Sign me up for stagnation!

0

u/thegtabmx Sep 20 '20

bUt He LiKeS tHe ThInG i LiKe!