Anyway, I would like to point out to some of you catastrophists that I have not bought MSTR shares instead of buying Bitcoin. When I did that it was because I used to buy stocks from the stock market and instead of buying P&G, for example, I decided to buy from a company that had exposure to Bitcoin.
It seems that you have not understood it well or I do not know if I have not emphasized it well: I have Bitcoin that I keep in a hardware wallet and I keep buying regularly.
I doubt anyone that was criticizing the move made that assumption or thought you had sold your coins for MSTR shares, everyone was wondering why buying shares when you could have bought bitcoins.
And the thing that instead of buying shares in a random company you decided to buy shares in micro is not really making sense, you could have simply cut your stocks acquisition budget in half and use half of that money to again buy bitcoin if you weren't sure in which company to invest.
It would have been different if micro would have any other kind of bitcoin-related activity so you could say they would profit more from crypto on top of their holding but that is not happening, as mk4 pointed out in that graph the only thing that brings the shares up is
BTC, so, what's really the point of buying?
I would have understood buying 10k of HSBC instead of depositing 10k in a bank account but with MSTR, unless they launch some kind of additional generating revenue, no it doesn't
Or this other “next best” Bitcoin-connected investment, buy and HODL some Coinbase stock. COIN? Its volatility is not highly correlated with the volatility of Bitcoin, and you might collect the rewards of the stock’s surge if the whole market/shitcoins surge.
It shouldn't be that correlated but it still is, if you're willing to take risks, some mining companies like Riot performed better during the dump on Wednesday night.