I almost feel like responding to your ongoing panic regarding the seeming gambling tendencies of MSTR and your ongoing desires to want to say "I told you so," and surely the fact of the matter is this is a long BTC play in which guys like you are going to look foolish with the passage of time, including only a few years down the road (if not sooner) for not recognizing and appreciating the likely low risk payoff for such a play of aggressively allocating into BTC..
I think you're misinterpreting what I've written in this thread, because I don't mean to tell anyone here "I told you so", nor am I panicking about anything. I love bitcoin and everything it stands for, and I hate to see it get slaughtered like it has in the past few weeks.
For sure, I am not attempting to make any of my comments personally directed against you, even though I concede that I am asserting that your mindset in regards to bitcoin seems to show that you are missing some ways of thinking about the whole matter - and it is likely reflected in your personal investments into it to.. You have said that you do not own very much bitcoin, even though you have been registered on this forum nearly as long as me (sure a one year difference, but it is not very much time, especially if we look at where the BTC price was when you registered onto this forum).
So yeah, our ways of thinking about matters and our ways of framing our discussion points are likely somehow connected with our own historical approaches to bitcoin, too. i am not blaming you for that but attempting to incorporate it into my speculations regarding why you might sometimes by making assertions in the ways that you are making them.
For example, take your last above. You seem to believe that bitcoin is "getting slaughtered," and that is quite far removed from how I am thinking about what is going on. Sure we are having some pretty severe corrections, and even we are witnessing quite a bit of panic from certain HODLers in the space - but I would hardly characterize it anything close to "getting slaughtered" - even though you are sharing the same language that is used by other folks, especially folks who don't seem to understand bitcoin very well or to be able to appreciate a larger vision from where bitcoin came - even looking at 4-year cycles or just zooming back at history - where were we at in September 2020.. for example.. and of course, you can look at various other jumping off price points too... and frequently, the ones who are getting quite screwed up in their framing are seemingly overly focused on short term time frames and also are putting way too much weight to the various short-term doom and gloom scenarios.. and even seeming to overly read into the ramifications of such short term doom and gloom scenarios if they were to happen.. For sure, you seem to fall in such a camp, and continuously causes me to wonder how well you either understand or appreciate fundamental aspects of bitcoin.
Long game or not, we're talking about a corporation in this thread,
Sure we are... yet there are also ways that individuals and governments can model their behaviors in similar ways as some of the stuff we discuss here - but for sure some of the tools that are available to corporations can differ too, depending upon how it is structured - which surely causes Microstrategies to have some unique characteristics in the corporate world.
and the brutal fact is that while Michael Saylor may not plan to ever sell the bitcoin he's bought for MSTR, the company's stock is taking a beating because of those purchases. MSTR shareholders might not share his zeal for bitcoin and may not have the patience to wait for either bitcoin or MSTR's stock price to recover--and if enough of them end up selling, it could tank even worse than bitcoin (assuming btc keeps sliding downward) because of market forces alone.
Sure.. all of that stuff could happen. Let's see if it does happen.
I share passions for the stock market and bitcoin, which is why I've posted so many times in this thread--not because I'm rooting for MSTR's demise or because I don't like Michael Saylor or anything he's said or done. I've been keeping an eye on a few other bitcoin-related stocks as well, such as MARA, RIOT, and Coinbase. They just don't happen to be relevant to this thread.
For sure, MSTR does seem to have an approach that is different from those other companies that you listed, and sometimes it might be relevant to make comparisons, but of course, there are aspects that are specific to MSTR that needs to be accounted to the extent that any of us understands, and surely, Saylor continues to be very public regarding what he is doing and whether any of his thoughts or strategies are changing in the short-term.. which is also nice to see..
A couple of days ago, I did watch one of Saylor's recent interviews.. linked below.... and he just continues to be a very interesting person to watch who is ongoingly grappling with ideas in this space and continues to have great ongoingly bullish bitcoin conversations.
I watched it.. .. fair enough recent reiteration of his position.