Mike on Nostr: That is the point I’m making. I’m not discussing this from a personal preference ...
That is the point I’m making.
I’m not discussing this from a personal preference view point, I’m discussing this from a business strategy (no irony intended) view point.
I think I have refined my view here below
Essentially turning all companies into shitcoins, which was unintended as my family own and have founded a lot of companies.
I think I just shot myself in the foot 😂
I’m not discussing this from a personal preference view point, I’m discussing this from a business strategy (no irony intended) view point.
I think I have refined my view here below
Essentially turning all companies into shitcoins, which was unintended as my family own and have founded a lot of companies.
I think I just shot myself in the foot 😂
quoting nevent1q…9e0cDamn my typos:
The correct version:
The difference between (Micro)Strategy's BTC and mine is if the price of Bitcoin goes down, but stays above my average purchase price, I have still made a profit, but that profit is not as much as it was.
(Micro)Strategy, however makes a loss.
Why?
Because my profit is absolute and I am not being forced to account for it on an artificial time scale (a quarter or annual report), but all companies have to report profit in time units that are not compatible with Bitcoin (quarters and years).
Bitcoin's clock is a 4 year time scale.
My Bitcoin clock is my average purchase price, which Bitcoin will never dip to again.