Quote from: mk4 on Today at 03:23:15 AM

Quote from: Joan of Arc official on July 01, 2023, 03:52:02 PM

I believe the company has trapped itself in a kind of DCA strategy to make up for last year's losses. (which must be in excess of 1 billion?).
So I don't know if they have any choice but to continue investing in BTC.

I'm pretty sure MicroStrategy has some smart-enough people to think that sunk-cost fallacy isn't the way to go. It's simply just the fact that Saylor is really bullish on bitcoin, and the fact that you really can't predict price in the short-mid term — hence MSTR being down months ago.

Yeah, really bullish on BTC, and maybe too much.
Because as you remind, you can't really predict the price. Don't forget playing with the company's funds is not the same as playing with your personnal finance. Dieerent responsabilities since you have employees, shareholders, cash flow,...
You don't the MSTR going down to 0.