Post
Topic
Board Bitcoin Discussion
Re: Would you advise a friend in the same way?
by
Youngkhngdiddy
on 09/04/2024, 20:15:46 UTC
It's not wise to follow the moves of big companies such as MicroStrategy because they have teams to manage every aspect of the company including the finances and how their investments should be done and they have advisors and everything who do analysis and research and then come up with finalized decisions whether they should invest in a certain thing or not, it's not as simple as one might think it is.

So as you said, I wouldn't recommend a small company investing in something just because they have seen a bigger company doing it and gaining success through it. The owner of the MicroStrategy company, Michael Saylor, is a big businessman and he knows what he is doing with his company's funds unlike the friend of OP who has no idea what he should do with the money kept in the bank.
 You made a valid point there mate, you can’t just jump on the trend just because everyone is doing it. MicroStrategy would have done their research very closely before they are heavily invested in bitcoin. The need to know that they are risk associated to investing in Bitcoin because anyone who has no idea about the knowledge of Bitcoin may suffer emotional setback and if cannot be managed properly might lead to lost of life. For someone who is  investing that such amount, he needs to even have a team who are well informed about the crypto world and have good knowledge about the stock market, we don’t know how the structure of the MicroStrategy company is because we are not there, so if you feel it is to just to jump into investing in bitcoin without knowing the in and out of the ecosystem then it’s a wrong choice of investment.
  However, I want to commend and give my respect to the OP at least for given is friend the  enlightenment about  bitcoin so it is left for his friend to do his research before investing. So as not to put the blame on his friend when the market goes against him. We all have some task to do on our part, we need to help spread the message of Bitcoin and crypto space to the world. That way we are bringing enlightenment to those with little knowledge and helping to spread the gospel of Bitcoin and crypto to the world.