Post
Topic
Board Speculation
Re: Terra cofounder Do Kwon is the one who is pumping Bitcoin
by
buwaytress
on 18/06/2022, 12:30:16 UTC
What he said is true. They have the assets to add more to their leveraged position if bitcoin dumps further, however, assuming that the asset is also bitcoin or stocks of Microstrategy would this really be the best decision as an investor? Everyone else is beginning to deleverage and Saylor will add more leverage? This is head shaking.

Well if he didn't margin call today, I'd say he'd be bullshitting though. But yeah, supposedly the balance sheet was mostly BTC already so he's going to be puffing heavy at his board to convince them to further shore up the bet with even more Bitcoin. It was a risky gamble already and while I'm firmly a Bitcoin hold kind of guy, I'm really not sure it's wise to chase with even more Bitcoin...

We've had so many idiots associated with crypto; Mcafee, Musk, Garza, Da Kown, it's good to have a normal person, a business person, being associated with crypto right?

Not sure I'd classify Saylor as normal... but aren't all us forum folks a collective representative of regular people? I've been doing so many Bitcoin-related small businesses/organisations, all Bitcoin-run and salaried. Granted, mostly have failed (commercially haha) but I'm still a freelancer earning in Bitcoin, and still enjoy trying out and self-funding new projects, again exclusively with Bitcoin.