Mike on Nostr: So no, I still don’t get it. I’m going to ignore insolvency possibilities and ...
So no, I still don’t get it.
I’m going to ignore insolvency possibilities and accept the unsecured debt statement for the moment, but f you keep issuing shares, then your price exposure gets worse and it ends up being valueless. While NGU, great, but when it goes down, instead of making less profit, you make a loss and the company tanks.
We already saw a few quarters where $MSTR didn’t make a profit, because profit in a company is measured quarter by quarter and year by year and is dependent on growth.
Bitcoins profits are not dependent on growth. The Bitcoin I bought for $600 really doesn’t care whether the price is $50K or $100K, but if I put it in the form of a companies stock, then if the price goes from $100K to $50K, then I’ve made massive losses that period, even though I haven’t.
I get the argument that if you can’t buy BTC any other way then $STR gives you access to it, but your sharing your Bitcoin holdings with an ever increasing number of shareholders.
It’s behaving exactly like the government money printer we were supposed to be fixing.
I’m going to ignore insolvency possibilities and accept the unsecured debt statement for the moment, but f you keep issuing shares, then your price exposure gets worse and it ends up being valueless. While NGU, great, but when it goes down, instead of making less profit, you make a loss and the company tanks.
We already saw a few quarters where $MSTR didn’t make a profit, because profit in a company is measured quarter by quarter and year by year and is dependent on growth.
Bitcoins profits are not dependent on growth. The Bitcoin I bought for $600 really doesn’t care whether the price is $50K or $100K, but if I put it in the form of a companies stock, then if the price goes from $100K to $50K, then I’ve made massive losses that period, even though I haven’t.
I get the argument that if you can’t buy BTC any other way then $STR gives you access to it, but your sharing your Bitcoin holdings with an ever increasing number of shareholders.
It’s behaving exactly like the government money printer we were supposed to be fixing.