Strategy's $54 Billion Bitcoin Bet Is Underwater. What Happens Next?
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Top Comments (10)
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these people would never ever lie in public! TRUST ME BRO
No cashflow, no asset backing, no surprise.
It has never happened in history that some abstract overvalued commodity (tulips) becomes worthless overnight, got it.
He said that BTC would have to be at $8,000 for five years before Strategy would be in trouble. I watched the report live.
Above water you're a treasury, below water you're a bagholder.
All of this also supports my feeling that 100% of BTC will never get mined for one reason or another and we are closer than we think to some sort of supply shock. That said, who the heck knows, BTC has a great history of surprising everyone - over and over again….
The mining cost does not protect the price. The difficulty can decresae and is built into the basic protocol. This means if today it costs 50K to mine a bitcoin every two weeks this cost is adjusted and can decline essentially indefinately.
I don't get it. Why would anyone buy shares in a BTC holding company instead of buying a BTC ETF or buying the BTC directly?
The fact that so many people posted defensive comments tells me we have further to drop AND so many have bought at the top and are underwater.
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Top Comments (10)
🤑EXCLUSIVE Deals (Bonuses, Discounts, Giveaways) 👉 https://www.coinbureau.com/deals/ 📈Bitget upto 50K USDT Deposit Bonus & GetAgent Plus Trial (Exclusive AI-powered Trading Assistant ) 👉 https://go.coinbureau.com/bitget-getagent 📊Join Toobit for 100K USDT Bonus and 50% Lifetime Fee Discount 👉 https://go.coinbureau.com/toobit-coinbureau 🔒Get 10% Off Your Tangem Wallet 👉 https://go.coinbureau.com/tangem10
these people would never ever lie in public! TRUST ME BRO
No cashflow, no asset backing, no surprise.
It has never happened in history that some abstract overvalued commodity (tulips) becomes worthless overnight, got it.
He said that BTC would have to be at $8,000 for five years before Strategy would be in trouble. I watched the report live.
Above water you're a treasury, below water you're a bagholder.
All of this also supports my feeling that 100% of BTC will never get mined for one reason or another and we are closer than we think to some sort of supply shock. That said, who the heck knows, BTC has a great history of surprising everyone - over and over again….
The mining cost does not protect the price. The difficulty can decresae and is built into the basic protocol. This means if today it costs 50K to mine a bitcoin every two weeks this cost is adjusted and can decline essentially indefinately.
I don't get it. Why would anyone buy shares in a BTC holding company instead of buying a BTC ETF or buying the BTC directly?
The fact that so many people posted defensive comments tells me we have further to drop AND so many have bought at the top and are underwater.