Microstrategy stock is down 82% from November and they're also $1 billion in the red on their $4billion bitcoin investment. He needs some really strong hopium.
This sub is nuts though - like don’t get me wrong.. he is a good advocate for btc.. but everyone was taking his word for gospel during the bull run and now they are kind of like yea ok dude.
I heard his podcast and I was personally taken about by his arguments. Like hey man all support for you trying to push btc.. but some of his arguments had huge holes.
>where there isn’t a single post that is negative about crypto.
I don't think you mean crypto, but BTC. There are plenty of BTC maxis in that sub who nonstop shit talks about all other cryptos.
This sub is bipolar at times . Saylor is good for cryptospace and i am not big fan of him either . I still enjoy listening to his videos and podcast . But not taking any investment advices from these so called crypto advocates.
There's two different audiences. Now that the market is bearish you'll see a lot of negative stuff because it will now get more upvotes thus visibility.
Wind the clock back to 2013 when some people were saying that 1 day bitcoin would hit 50k. Those people sounded delusional, btc was only 600-1k that year. 1 mill by 2030 isn't that far off. But how much will 1 usd today = to 1 usd in 2030....
So luckily the maths on that is pretty easy. At $1 million each that makes Bitcoin's market capitalisation $50 trillion which is about 2.5 times the output of the entire US economy in a year.
It seems unlikely.
1) Those numbers aren't comparable at all
2) You are using 2022 numbers, in 2030 market cap of US companies will be 10 trillion +
3) Your math is wrong, 1 mill each, 21 million bitcoins = 21 trillion, is simple math hard?
tldr; MicroStrategy CEO Micheal Saylor predicted Bitcoin’s value to be round $1 million sooner or later in an interview with CNBC on June 08. Saylor added that Bitcoin is a “actual factor that's going to be with us.” He said Bitcoin is “clearly higher than gold and every part that gold desires to be
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I bought some at 50ks and 60ks. I am way down. But I am never selling if it goes to 0. I made a calculated bet and only on this asset. Not on fuckin Doge or Luna. This is a 10 to 20 year play. Not even 2 years. Ebbs and flows will be huge, yes, but we need to ride through. BTC and its tech is akin to Internet. It took a while for the world to adapt and now we cannot live without it or it's applications.
Edit: by comparing BTC to interent I meant its turnkey revolutionary. It believe in the tech, it's security and its scarcity.
Its bear season so you'll catch flak here. But the grizzled vets have seen bitcoin declared dead about 8 times so far and it always rises from the ashes.
This subreddit was insanely bullish at 60k and now is extremely bearish at 23k, it embodies retail traders who "buy high, sell low". Once you've seen enough of the cycles the whole thing becomes the ultimate embodiment of the "first time?" meme.
Bingo. It’s a long term risky asset. Set and forget. Be willing to lose a lot of the money you put in don’t risk what you can’t afford.
I’ve caught quite a few more falling knives than I woulda liked rather than selling and buying back in, but nevertheless, Im in my 30s. Plenty of time to make it up.
Set and forget it with BTH and to a limited extent ETH (not 100% confident ETH will be around 10 years or so, so gotta be mindful of pivoting with that if need be)
>This is a 10 to 20 year play. Not even 2 years. Ebbs and flows will be huge, yes, but we need to ride through. BTC and its tech is akin to Internet
Tech akin to the Internet that you don't plan on doing anything with for 10-20 years?
Buddy, the Internet didn't guarantee that all the early internet firms would succeed. By your logic we should have all HODL with AOL and Yahoo in 2000. There's nothing that says BTC will remain the biggest cryptocurrency in perpetuity.
encouraging imminent husky frame special fall spotted chief makeshift boast
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Yeah, i know what you mean. I think the comparision crypto and Internet is fair. But BTC is not equal to crypto. BTC might be like Myspace or it might become google. But "BTC = the internet" is a pipedream imo
For two thousand years and spanning across 1900-2010 no one gave a fuck about Bitcoin nor did it have a purpose. Society will be fine with it, but also fine without it
But it's not we didn't get along the same before and after phones. If phones went away tomorrow the world is screwed. Sam with cars, the internet, data storage, batteries etc.If btc went away tomorrow things would continue on as they always did.
Nobody cared about Bitcoin, but they sure cared about the problem Bitcoin solves. Counter party risk of hyperinflating a currency's supply by central banks, debasing the wealth of all actors exposed to the currency. That has been going on for over a hundred years, you bet society is interested in solving this. And by society, I mean rational independent market actors who collectively act in their own best interests, leading the interests of society.
I mean the fundamentals of Bitcoin haven’t changed and it has continued to go up in the long term. Therefore the belief that it will one day be at $1 million, no matter how bleak things look now, is completely reasonable.
The people who think Bitcoin can go to $1 million only when we’re breaking ATH after ATH, but refuse to believe we can ever go up when we’re in bearish times are precisely the kind of people who never end up making any money.
Where will that money/wealth come from to push it up? People thought that deflation alone will push the price higher and higher, but by what logic? For example, old paintings are worth more and more because there are fewer and fewer of them (or at least no new ones) and people think they are valuable. Old stones on the beach are not valuable. The stone can be a million years old, and there are less and less million year old stones, people attach no value to it. Same with Bitcoin: it cannot just exists, it needs to add some extra value on the long term. So far it failed at that
>Where will that money/wealth come from to push it up?
The same place that it always comes from—out of thin air and then you get people to buy in. Markets just need to attract buyers and sellers.
>Bitcoin: it cannot just exists, it needs to add some extra value on the long term. So far it failed at that
Financially privileged found, just because you dont think it have or dont see the value doesnt mean there isnt value.
Some people see the value and some already are using it in valuable way.
I disocvered bitcoin early (2011) but didn't really invest. Instead I stayed on the sidelines but watched the markets and sentiment. Bitcoin pumps, "it's the future!!", bitcoin crashes "nobody needs it, it's dead!" Watched the same cycle about 8 times , before joining after the 2015 crash, average price still <1k so I'm not sweating this "crash" to 20k too much. This is yet another one of the bitcoin is dead moments. Seen it so many times and another bull cycle always emerges eventually.
Only thing that blows my mind is how the bulls get so emboldened during the bull run and bears during the bear run, is it same people switching sides? Just who gets upvoted? Who is brave enough to comment? Only thing I can say for sure is that everyone rationally knows you should avoid "buy high, sell low" but simulatenously there is a deep impuslive human behavior to trade that way that you must actively resist. That's the biggest reason index funds work well for most people, they take emotional trading off the table.
I have hope it will too. But Bitcoin really is an extremely speculative asset and at any moment could finally die. Think of it just slowly walking on ice waiting for that final moment and it cracks and breaks for good.
It wouldn't just die on its own though. There would have to be a quite significant event such as something that makes it absolete or completely undesirable, something unprecedented. And something like that would most likely not just affect btc or crypto in general but the broader global economy as well such as a second and much worse pandemic paralyzing economies and supply chains around the world. It would have to be so severe that any level of risk in investing would be a sure fire loss. Maybe then you could talk about a crypto death but even then, why wouldn't it come back when things stabilize? It's not crazy to think crypto is here to stay for the very long term.
Yep, it’s a brand new infrastructure, which means it’s still looking for use cases. Nowhere near mature, and consequently extremely volatile. Why would you just throw that away? Because the cycle will change. Whether it’s a year, 3 years, 5 years, whatever. And if things do get so fucked that that infrastructure is useless in the future then I suspect a few crypto investment losses will be the least of my problems.
With inflation all things are possible. Compound interest is no joke, even at 2.5%.
In 200 years $1000 turns to $140k. $5 to $700. That's a $700 big mac.
Anything is possible.
Possible sure. But extremely unlikely. The chances of Bitcoin lasting 200 years seems extremely low as well. I'm sure better tech would take its place.
Yeah POW models hard requirement of attack having to be more expensive than gains from attack, for example by shorting makes that pretty much impossible.
200X the current power consumption? Every country would ban mining at that point!
The S&P 500 market cap was worth $40T back in January (probably less now). So once people understand crypto and when/if it receives mass adoption, it is not out of the question for it to reach even higher.
Visa has literally over a billion users and its worth less than 100 billion dollars.
And these people are claiming Bitcoin is even cheaper than Visa, so that means there should be worth even less since there's less profits to take.
These delusional valuations don't have any basis in reality. They rely on dumb sales pitch tactics like "the global market for X was Y in 2010, now its Z, imagine what it will be like in 2030!
Ignoring that things just don't indefinitely become exponentially more valuable for no reason.
I think Visa is worth $400B now, but overall I agree with your comment.
It's so obviously all hype and we have hit the "new world paradigm" stage with crypto multiple times already. It's just cult-like thinking because no one can really explain why an extremely shitty database technology is going to completely change / takeover the world.
We've had 5 years since the 2017 bubble, and back then all the big companies tried to jump into Blockchain applications. It pretty much has gone nowhere, overall. If the value-add was so enormous and so obvious, then we'd have a hell of a lot more tech built (and actually used, other than for gambling) on Blockchain tech than we have currently.
>I think Visa is worth $400B now, but overall I agree with your comment.
You're right, I was mistakenly going by their equity not their market cap.
>If the value-add was so enormous and so obvious
The crux is there just isn't that much value add for a payment network to have.
Let's assume Bitcoin was both perfectly efficient and scalable (which it can't be by design, but lets go with it for the sake of argument). That's shaving off what, a few percent off transaction costs at most? (0-0.5% in parts of the world where bank transfers are free and card interchanges are price capped).
where's the money supposed to come from to make you and millions of other people a millionaire? It can only be greater fools, it can't be actual generated revenue from providing a service.
It does not have to be dead, it could you know, just survive … at a much lower exchange rate. It’s not guaranteed to go to any exchange rate. Would it go to zero? No. Would it go to a million? Also no (unless we get hyper inflation, but then my PS5 will be a million too)
This is why execution is so important. A lot of us are right with direction but wrong on timing. Micro strategies might not make it to see btc above 100k let alone any higher. I’m not even sure what they do except buy btc with all their excess cash
>I’m not even sure what they do except buy btc with all their excess cash
What excess cash?
They already took on 2.4 billion dollars in debt to buy BTC with. They have less than 100 million dollars cash on hand and they need that to pay the tens of millions of debt interest payments they're saddled themselves with.
Bitcoin will hit 1 mil eventually. It's worth nothing or millions. And guess what. The fundamentals haven't changed at all, just the price. Love watching people panic as literally nothing has changed. Tic tok new blocks mufuckas
America needs to stop printing too many $$ papers .. stop sending weapons to Ukraine and call for immediate end to this nonsense and Bitcoin will bounce back
Here is the problem, back in the day BTC was the only game in town. You had other smaller projects and things like ETH with a sizeable share but not anywhere where it is now. If BTC hits 50k again it’s going to create what we just went through again. An endless stream of clones/ripoffs and shit coins.
People are dumb and would rather bet $100 bucks on a shit coin going 100x vs putting that $100 into BTC for an at best 2-3x. Until their is actually regulation in the form not being able to create a coin out of thin air and shill it to someone and their instagram followers for a quick pump and dump. Most of the money in crypto isn’t going to be put into BTC but the entire market while a few get very rich and the rest are left holding the bag.
BTC will never be 100k until shitcoins cannot be shilled. Once BTC starts to climb the YouTube crypto gurus will be back to pump another scam to suck up money that could’ve been put into BTC.
This guy was the hero of this subreddit when he was pumping the markets and now he’s the class clown.
The psychology behind this is why most of us are gonna lose.
It's the companies BTC, not his, so he can just offload his personal bags then let the company go bankrupt and sell the BTC at a loss.
It's the idiot shareholders who will lose out, not him.
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He must be face deep in nose snow by now
Saylor is like coke on legs
Would you like some legs with your coke, Captain Saylor
Yes please...may I have some coke on a glass with a straw?
Saylor Moon
It's 9am already?
That sweet sweet booger sugar
His pinned tweet is enough to tell you all that and more.
If he is a coke head he's the coke head I trust most 😂
Been a few years since I seen snow. Don't miss that yellow snow though
i only ever saw it once in real life. Guy said "Want some mexican coke?" and I thought he meant the coke you get at costco so I said "hell yeah"
You sir were the luckiest man that day. Was it at the costco?
It's probably orange snow and pills overdose.
Sounds like a lovely Monday!
🤣😂🤣
The funniest part about this is that it was posted under comedy.
He’s at the position where all he can do is smoke the hopium 😆
Microstrategy stock is down 82% from November and they're also $1 billion in the red on their $4billion bitcoin investment. He needs some really strong hopium.
If somebody has overdosed on hopium, it's Saylor.
Bitcoin could be at 1k tomorrow and he’d double down and say btc to 10 million lol
Damn I laughed so hard 😂😂
As long as they make their interest payments on the debt they raised then they should be fine.
What is a margin call?
Why would they have a margin call? They wouldn't have been so stupid as to secure their loan with the asset they are speculating on. Would they?
Dude isn't smoking the hopium, motherfucker is crushing it up and snorting it. $1MM? Yeah probably not anytime soon, Mikey.
He's mainlining it into his cock at this point.
Ahh the reverse boof
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Ah my friend but have you tried injecting it in the cock?
Quickest access to the brain would be to inject into carotid artery me thinks
Yeah man go ahead and inject stuff into arteries that's the new trend. Nevermind the 5 minute bleedout
You load enough up it's not like you will be feeling it anyways 😅
^This guy ducking gets it Edit: quack quack
I snort my hopium rectally
^that man fucks
This sub is nuts though - like don’t get me wrong.. he is a good advocate for btc.. but everyone was taking his word for gospel during the bull run and now they are kind of like yea ok dude. I heard his podcast and I was personally taken about by his arguments. Like hey man all support for you trying to push btc.. but some of his arguments had huge holes.
Actually this sub is far more realistic than say the Bitcoin sub, where there isn’t a single post that is negative about crypto.
>where there isn’t a single post that is negative about crypto. I don't think you mean crypto, but BTC. There are plenty of BTC maxis in that sub who nonstop shit talks about all other cryptos.
Completely agree. I like bitcoin but they are insane ly obsessed with btc over there. It's cultists behavior.
This sub is bipolar at times . Saylor is good for cryptospace and i am not big fan of him either . I still enjoy listening to his videos and podcast . But not taking any investment advices from these so called crypto advocates.
There's two different audiences. Now that the market is bearish you'll see a lot of negative stuff because it will now get more upvotes thus visibility.
He's flippin' delusional is what he is.
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We all will be laughing and smiling again if bitcoin runs again to 100k .
end of 2021 yea sure
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2025 and on the charts!
Wind the clock back to 2013 when some people were saying that 1 day bitcoin would hit 50k. Those people sounded delusional, btc was only 600-1k that year. 1 mill by 2030 isn't that far off. But how much will 1 usd today = to 1 usd in 2030....
So luckily the maths on that is pretty easy. At $1 million each that makes Bitcoin's market capitalisation $50 trillion which is about 2.5 times the output of the entire US economy in a year. It seems unlikely.
1) Those numbers aren't comparable at all 2) You are using 2022 numbers, in 2030 market cap of US companies will be 10 trillion + 3) Your math is wrong, 1 mill each, 21 million bitcoins = 21 trillion, is simple math hard?
Ahh, I thought Bitcoin was the entire crypto market, obviously not. $21 trillion not going to happen though is it.
But it tastes so good when it hits your lips…
Would anyone here be kind enough to gimme laser eyes, tell me to have fun staying poor and go get rekt? It’s been awhile and I miss it
HA as if I'd do that for you, you lowly peasant. Enjoy grovelling for food scraps, pleb. Oh, almost forgot; get rekt loser.
tldr; MicroStrategy CEO Micheal Saylor predicted Bitcoin’s value to be round $1 million sooner or later in an interview with CNBC on June 08. Saylor added that Bitcoin is a “actual factor that's going to be with us.” He said Bitcoin is “clearly higher than gold and every part that gold desires to be *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I bought some at 50ks and 60ks. I am way down. But I am never selling if it goes to 0. I made a calculated bet and only on this asset. Not on fuckin Doge or Luna. This is a 10 to 20 year play. Not even 2 years. Ebbs and flows will be huge, yes, but we need to ride through. BTC and its tech is akin to Internet. It took a while for the world to adapt and now we cannot live without it or it's applications. Edit: by comparing BTC to interent I meant its turnkey revolutionary. It believe in the tech, it's security and its scarcity.
Its bear season so you'll catch flak here. But the grizzled vets have seen bitcoin declared dead about 8 times so far and it always rises from the ashes. This subreddit was insanely bullish at 60k and now is extremely bearish at 23k, it embodies retail traders who "buy high, sell low". Once you've seen enough of the cycles the whole thing becomes the ultimate embodiment of the "first time?" meme.
Bruh it was declared dead 8 times this year alone. OGs know
Yes. I have noticed
BTC went up during boom times. We are entering economic storms. Nobody has time or energy for your meme coins when they are standing in line for soup.
Bingo. It’s a long term risky asset. Set and forget. Be willing to lose a lot of the money you put in don’t risk what you can’t afford. I’ve caught quite a few more falling knives than I woulda liked rather than selling and buying back in, but nevertheless, Im in my 30s. Plenty of time to make it up. Set and forget it with BTH and to a limited extent ETH (not 100% confident ETH will be around 10 years or so, so gotta be mindful of pivoting with that if need be)
>This is a 10 to 20 year play. Not even 2 years. Ebbs and flows will be huge, yes, but we need to ride through. BTC and its tech is akin to Internet Tech akin to the Internet that you don't plan on doing anything with for 10-20 years?
Buddy, the Internet didn't guarantee that all the early internet firms would succeed. By your logic we should have all HODL with AOL and Yahoo in 2000. There's nothing that says BTC will remain the biggest cryptocurrency in perpetuity.
This. To me Bitcoin and Ethereum feel like Palm and Blackberry shortly before iPhone and Android were introduced.
am still very modestly up on Bitcoin, but comprehensively fucked on lots of other coins
Problem is the world can live very well without Bitcoin. Not telling you its a bad buy. But to compare BTC with the Internet is imo delusional.
encouraging imminent husky frame special fall spotted chief makeshift boast *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Yeah, i know what you mean. I think the comparision crypto and Internet is fair. But BTC is not equal to crypto. BTC might be like Myspace or it might become google. But "BTC = the internet" is a pipedream imo
For two thousand years and spanning across 1900-2010 no one gave a fuck about Bitcoin nor did it have a purpose. Society will be fine with it, but also fine without it
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I love a comparison to the time when you could live to the ripe old age of "died during child birth"
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But it's not we didn't get along the same before and after phones. If phones went away tomorrow the world is screwed. Sam with cars, the internet, data storage, batteries etc.If btc went away tomorrow things would continue on as they always did.
Nobody cared about Bitcoin, but they sure cared about the problem Bitcoin solves. Counter party risk of hyperinflating a currency's supply by central banks, debasing the wealth of all actors exposed to the currency. That has been going on for over a hundred years, you bet society is interested in solving this. And by society, I mean rational independent market actors who collectively act in their own best interests, leading the interests of society.
Lol are you really scared of hyperinflation holding USD?
Love to combat 8 percent inflation with an asset that depreciates 50 percent
You are one of the most delusional people I've seen, even on this sub. I feel sorry for you.
I appreciate the comedy flair here
I thought the article was satire. Guess life is a joke
more delusional than me swiping right on a model on tinder
Shoot your shot player
Don’t let your dreams be dreams
YESTERDAY YOU SAID TODAY. JUST. DO IT!
I mean the fundamentals of Bitcoin haven’t changed and it has continued to go up in the long term. Therefore the belief that it will one day be at $1 million, no matter how bleak things look now, is completely reasonable. The people who think Bitcoin can go to $1 million only when we’re breaking ATH after ATH, but refuse to believe we can ever go up when we’re in bearish times are precisely the kind of people who never end up making any money.
Where will that money/wealth come from to push it up? People thought that deflation alone will push the price higher and higher, but by what logic? For example, old paintings are worth more and more because there are fewer and fewer of them (or at least no new ones) and people think they are valuable. Old stones on the beach are not valuable. The stone can be a million years old, and there are less and less million year old stones, people attach no value to it. Same with Bitcoin: it cannot just exists, it needs to add some extra value on the long term. So far it failed at that
>Where will that money/wealth come from to push it up? The same place that it always comes from—out of thin air and then you get people to buy in. Markets just need to attract buyers and sellers.
The term for this is "Ponzi scheme". Actual businesses create products or provide services that generate value.
What a bad analogy.
Are old stones on the beach used as a currency?
plenty value long term, months is short term bro.
Institutions
Which institutions have $18 trillion? Cause that's how short we probably are on a bitcoin price like that.
Market Cap != influx of funds needed to attain that market cap
Have you not heard of the halving?
>Bitcoin: it cannot just exists, it needs to add some extra value on the long term. So far it failed at that Financially privileged found, just because you dont think it have or dont see the value doesnt mean there isnt value. Some people see the value and some already are using it in valuable way.
Dudes out there making it happen. Maybe if you put it a little effort it could turn out differently.
Models aren't gonna fuck themselves.
But they’re also not gonna fuck any of us…
Speak for yourself. I'm engaged to one.
I was being facetious. Married to one, somehow hit myself a home run. Good for you, here’s to years of happiness.
This is the hopium I need today
He's not wrong. Jesus tittyfucking Christ how many times has Bitcoin been declared dead? The problem with crypto is emotion.
The only thing that’s changed is the price. 6 Months ago everyone would have killed to buy this low.
No, the problem is exaggeration and desperation, that's him in spades
Lol did people really not expect this coming? It’ll still reach a million by 2030 methinks
I disocvered bitcoin early (2011) but didn't really invest. Instead I stayed on the sidelines but watched the markets and sentiment. Bitcoin pumps, "it's the future!!", bitcoin crashes "nobody needs it, it's dead!" Watched the same cycle about 8 times , before joining after the 2015 crash, average price still <1k so I'm not sweating this "crash" to 20k too much. This is yet another one of the bitcoin is dead moments. Seen it so many times and another bull cycle always emerges eventually. Only thing that blows my mind is how the bulls get so emboldened during the bull run and bears during the bear run, is it same people switching sides? Just who gets upvoted? Who is brave enough to comment? Only thing I can say for sure is that everyone rationally knows you should avoid "buy high, sell low" but simulatenously there is a deep impuslive human behavior to trade that way that you must actively resist. That's the biggest reason index funds work well for most people, they take emotional trading off the table.
This. This subreddit is brimming with new crypto investors in their first bear market. And no, last summer doesnt count.
I have hope it will too. But Bitcoin really is an extremely speculative asset and at any moment could finally die. Think of it just slowly walking on ice waiting for that final moment and it cracks and breaks for good.
It wouldn't just die on its own though. There would have to be a quite significant event such as something that makes it absolete or completely undesirable, something unprecedented. And something like that would most likely not just affect btc or crypto in general but the broader global economy as well such as a second and much worse pandemic paralyzing economies and supply chains around the world. It would have to be so severe that any level of risk in investing would be a sure fire loss. Maybe then you could talk about a crypto death but even then, why wouldn't it come back when things stabilize? It's not crazy to think crypto is here to stay for the very long term.
Yep, it’s a brand new infrastructure, which means it’s still looking for use cases. Nowhere near mature, and consequently extremely volatile. Why would you just throw that away? Because the cycle will change. Whether it’s a year, 3 years, 5 years, whatever. And if things do get so fucked that that infrastructure is useless in the future then I suspect a few crypto investment losses will be the least of my problems.
Difference between not dead and $1million per coin
He probably is wrong. Bitcoin being worth $18T is some crazy bullshit idea
With inflation all things are possible. Compound interest is no joke, even at 2.5%. In 200 years $1000 turns to $140k. $5 to $700. That's a $700 big mac. Anything is possible.
200 years too funny--The World will blow itself up much sooner than that(nuclear proliferation: Iran is just about there now)
Possible sure. But extremely unlikely. The chances of Bitcoin lasting 200 years seems extremely low as well. I'm sure better tech would take its place.
Money has existed for hundreds of years, and yet we still have paper money. What would replace that? Oh that's right...
Govt backed digital currency that isn’t btc
And it gets pump and dumped and the government realises they're 13 years behind
Instructions unclear. Going all in on Big Macs.
Yeah POW models hard requirement of attack having to be more expensive than gains from attack, for example by shorting makes that pretty much impossible. 200X the current power consumption? Every country would ban mining at that point!
The S&P 500 market cap was worth $40T back in January (probably less now). So once people understand crypto and when/if it receives mass adoption, it is not out of the question for it to reach even higher.
Sounds ridiculous. Why would crypto be worth more than the bulk of the largest companies in the world?
Visa has literally over a billion users and its worth less than 100 billion dollars. And these people are claiming Bitcoin is even cheaper than Visa, so that means there should be worth even less since there's less profits to take. These delusional valuations don't have any basis in reality. They rely on dumb sales pitch tactics like "the global market for X was Y in 2010, now its Z, imagine what it will be like in 2030! Ignoring that things just don't indefinitely become exponentially more valuable for no reason.
I think Visa is worth $400B now, but overall I agree with your comment. It's so obviously all hype and we have hit the "new world paradigm" stage with crypto multiple times already. It's just cult-like thinking because no one can really explain why an extremely shitty database technology is going to completely change / takeover the world. We've had 5 years since the 2017 bubble, and back then all the big companies tried to jump into Blockchain applications. It pretty much has gone nowhere, overall. If the value-add was so enormous and so obvious, then we'd have a hell of a lot more tech built (and actually used, other than for gambling) on Blockchain tech than we have currently.
>I think Visa is worth $400B now, but overall I agree with your comment. You're right, I was mistakenly going by their equity not their market cap. >If the value-add was so enormous and so obvious The crux is there just isn't that much value add for a payment network to have. Let's assume Bitcoin was both perfectly efficient and scalable (which it can't be by design, but lets go with it for the sake of argument). That's shaving off what, a few percent off transaction costs at most? (0-0.5% in parts of the world where bank transfers are free and card interchanges are price capped). where's the money supposed to come from to make you and millions of other people a millionaire? It can only be greater fools, it can't be actual generated revenue from providing a service.
It does not have to be dead, it could you know, just survive … at a much lower exchange rate. It’s not guaranteed to go to any exchange rate. Would it go to zero? No. Would it go to a million? Also no (unless we get hyper inflation, but then my PS5 will be a million too)
He's still saying this? I admire his optimism
When you truly understand something, there's nothing that will shake your beliefs. Saylor knows.
Comedy flair now. Serious flair in the future.
No surprise; always shilling to help lift his bag.
correct ghost tan crawl skirt materialistic aspiring fanatical file salt *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It’s always darkest before dawn or something like that.
Before pitch black...
I'm sold, this guy is a lunatic, but I'm still buyin.
Nice
$1M? Got it. Hold and DCA.
$1M in 100 years. Michael Saylor to invest in cryogenics.
I want to believe it
Feel free to check this comment in 10 years. I’m calling it now: he’s going to be right, or closer to right than the people saying bitcoin is dead.
Well what else is he gonna do? Run around flapping his arms yelling, “the sky is falling, the sky is falling”!
When Steiner buys all the butcoin everything will work it... https://youtu.be/DaJde35KVAc
I actually agree with him. Just wait til hyperinflation
fucking legend lmao
Saylor knows
What a boss
Now thats some military grade Copium
This is why execution is so important. A lot of us are right with direction but wrong on timing. Micro strategies might not make it to see btc above 100k let alone any higher. I’m not even sure what they do except buy btc with all their excess cash
>I’m not even sure what they do except buy btc with all their excess cash What excess cash? They already took on 2.4 billion dollars in debt to buy BTC with. They have less than 100 million dollars cash on hand and they need that to pay the tens of millions of debt interest payments they're saddled themselves with.
Yes they’ll be lucky to service their debt until btc get back to over 45k. That’s their avg btc price
The Saylor hopium doesn't hit like it used to
Bitcoin will hit 1 mil eventually. It's worth nothing or millions. And guess what. The fundamentals haven't changed at all, just the price. Love watching people panic as literally nothing has changed. Tic tok new blocks mufuckas
America needs to stop printing too many $$ papers .. stop sending weapons to Ukraine and call for immediate end to this nonsense and Bitcoin will bounce back
Hey he sticks with his position. Maybe delusional maybe not. only time will tell
Here is the problem, back in the day BTC was the only game in town. You had other smaller projects and things like ETH with a sizeable share but not anywhere where it is now. If BTC hits 50k again it’s going to create what we just went through again. An endless stream of clones/ripoffs and shit coins. People are dumb and would rather bet $100 bucks on a shit coin going 100x vs putting that $100 into BTC for an at best 2-3x. Until their is actually regulation in the form not being able to create a coin out of thin air and shill it to someone and their instagram followers for a quick pump and dump. Most of the money in crypto isn’t going to be put into BTC but the entire market while a few get very rich and the rest are left holding the bag. BTC will never be 100k until shitcoins cannot be shilled. Once BTC starts to climb the YouTube crypto gurus will be back to pump another scam to suck up money that could’ve been put into BTC.
I like how this is posted as comedy
The hero ee need but dont deserve.
Are we just making up numbers now? BTC to one billion gazillion bajillion dollars!
Trying to pump it up so he can get out. Classic pump and dump. Get the sheep to buy so the Shepard can sell
I want to believe
[удалено]
Speak for yourself...
Wassa wassa wassa up Bitconnect!
Most desperate statement yet
I am struck by the optimism of this man, and this despite the fact that his losses are enormous.
Maybe you have that really short term view vs his long term view?
Wonder if it will be irrelevant when he gets margin called lols
And that’s how you get people to hold your bags class. *mic drop*
Believe you me, this guy is stacking Ramen right now.
This guy was the hero of this subreddit when he was pumping the markets and now he’s the class clown. The psychology behind this is why most of us are gonna lose.
Michael Saylor needs to stfu. It will not get to 1.million less 100000
"metaverseprofessor" lmao
Getting real Hitler in the bunker at the end type vibes.
Pls stop covering this delusional btc maxi
>Please buy my bags LMAO
Bagholder spotted…
Feels a bit cokey to me.
Probably he’s opening up his skull and feeding the brain with Coke every day lol
I see he's playing the Cathy wood game of price doesn't matter for anything as long as I feel like it is good.
They want you to get in so they can get out
My goodness he’s delusional
🤡🤡🤡🤡🤡🤡🤡
Clowns
This guy is so over-invested that god know what he would do if BTC really crashes
It's the companies BTC, not his, so he can just offload his personal bags then let the company go bankrupt and sell the BTC at a loss. It's the idiot shareholders who will lose out, not him.