Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 15/09/2024, 22:45:21 UTC
⭐ Merited by JayJuanGee (1)
A thought occured:
Michael Saylor likes to present his path since 2020 like a "best strategy' ever, however, here are the reasons 'regular folks' could not aor even should not try to emulate:
1. He did in using a corporation where is largely not personally responsible.
2. He was able to get interest rates as low as 1% on his loans. additionally, his loans did not seem to have had a callback on low vlue feature OR he (MSTR) would have been bankrupt in 2022 when almost ALL their equity was decimated by a btc value plunge.
3. He initially bought just as a bull market burst forward in 2020.

What I am trying to say is the following: imho, it would inadvisable to get a large % interest rate loan (personal or cc) to buy bitcoin at this juncture.
If you have a cash flow that you can use, that's a whole other story.
Example:I might get an additional cash flow steam by next summer and plan to use it mostly for DCAing more into btc.
So far, my btc "number" has been on a gradually declining trend and I would like to reverse that.