BUT, the point is, there are people who hate Chad Saylor because of his Bitcoin bet, but they shill their memecoins with dog and cat pictures. Laughable.¯\_(ツ)_/¯
I am not sure if that is the point... but sure there are a lot of folks who seem to not understand what Saylor/MSTR is doing.. .and some of them are shilling meme coins or NFTs or some other variable of valueless shit-coin related projects/gambles/trades.
Yeah, it’s really crazy how so many people in this space has failed to understand the actual concept of Michael Saylor and MSTR (Microstrategy) or what they’re really tryna do.
They’re nothing more but about the Bitcoin life and I don’t see them apologizing for it.
I mean, Saylor has in several occasions been very vocal about his personal views on Bitcoin, as well as how it’s a shield against inflation, a store of value and a complete game changer for the economy and financial system.
But it beats me to see that, regardless of all the things he’s said out so loud, there are still lots of people who still doesn’t get it. They’re all still busy shilling their favourite shitcoins. All of these shitcoins and NFTs are only fun to watch and speculate on, but I really don’t see them changing the world.
I’ve come to realize that Saylor and MSTR ain’t just trying to make some quick profits, but they’re taking a much more innovative and strategic approach towards ensuring that that they build a totally new and financial system that’s a lot more secure, equitable and decentralized than the ones we see right now.
And with how enthusiastic they are about this, I strongly believe that they can as well just pull it off because a lot of people are not opting into their vision. Plus, MSTR on the other hand, with their Bitcoin holdings, they’re also putting their money, exactly where their mouth is.
And yeah, even it might appear that Saylor/MSTR has been receiving lots of criticism and even dismissals despite the efforts they’ve put and still putting into this vision, I still believe in the popular saying, “He who laughs last, laughs the best” because in the end, they’ll definitely prove the doubters wrong when they show the world what Bitcojn can really do and how it can change the world economy.
I think that Saylor and/or MSTR can be criticized for other reasons, such as they fail/refuse to recognize and appreciate that value of direct person to person interactions with bitcoin, and also a lot of the value of bitcoin comes from abilities to directly interact with bitcoin and with out intermediaries.
Yet, so many folks criticize Saylor/MSTR for supposedly getting over his skies and supposedly being over-leveraged, when those kinds of facts are not even true, except maybe if they might be able to focus on the extent to which his custody might not be as secure as it should be, in terms of whatever, contractual relationships that he has in regards to custodians, including whatever role that governments might be playing to make sure that he does not lose his bitcoin (or lose the rights to them).
Buying Bitcoin aggressively with the fund set aside for basic is one of the step for every Bitcoiner to sell at lost price no matter the good intention s/he has and no matter how people make wrong decision with their Bitcoin investment we can only make them understand the fact about how to accumulate Bitcoin profitably because even if you're Satoshi and you provide them the right guide they will still end up following their path.
Your response is a bit contradictory to me because how do buying bitcoin aggressively a step for bitcoiners to sell at lost. Anyways while i am still trying to grasp what you are saying, i can tell you that there is no such thing as bitcoiners selling at lost price while investing aggressively but i can put it in a clearer way for you. Buying aggressively can only depend on the size of your discretionary income such that you can chose to invest all without minding how big the amount is since it is still at the level of your discretion. It can also depend on how big your income is and how little your expenditures are that will tell if you will have enough discretionary amount to invest aggressively.
Buying Bitcoin aggressively is more beneficial when there is Dip because you will be able to buy a large figure of..., and buying aggressively depends on our financial capacity, some investors make mistake buy buying Bitcoin aggressively even when they are not prepared and then later run they are panicking because of the little dip that will happen.
Using all your discretionary to invest during a dip to me is not actually right because it is Always good to have small savings ( discretionary) even after investing for security reasons.Yes you are correct however if you have a strong backup funds which is emergency, reserves and float funds and there's a dip you can be using all your discretionary income to accumulate aggressively because you won't get into a problem since you already have a strong backup funds but if you don't have a backup funds then you need to start building it along side your Bitcoin investment meaning you we have to divide your discretionary income parts one for your backup funds building and another part for your Bitcoin accumulation.
exaltly if an investor has a strong back up funds, he or she can buy bitcoin aggressively when there is a dip, but this buying of bitcoin aggressively when there is a dip in the market always favour the rich investors, because they have other sources of income and the capacity to handle any emergency when it occurs.
But for the poor investors with low capacity I don't think buying bitcoin aggressively when there a dip will favour them, because they might intend to buy bitcoin with what they can't afford to loose, which may lead to early selling of their bitcoin investment when there is an emergency.
that is why I we always advise poor investors with low capacity not to buy bitcoin aggressively when there is a dip, only buy with your little discretionary income to enable you take control over your emotions and still continue your bitcoin accumulation journey for long term holding.
I agree with you to some point but saying buying aggressively when there is a Dip will only favors the rich is what I don't totally agree with you because been rich doesn't mean your discretionary is also rich there are rich people who do not have good discretionary and there are also poor people who don't have enough money but yet there discretionary is quite okay and good. Having a good discretionary depends on individual mindset towards or concerning that particular thing, some people may have good source of income but they don't prioritize a particular thing though by default rich people are suppose to have a good discretionary than the other but priority and interest is now a factor.
I disagree with you that rich people don't have large discretionary income than the poor because they might have various cash inflows and little expenses. A rich investor has the flexibility to invest aggressively into bitcoin amd grow how portfolio faster to a good height than a poor man because he has all the luxury to use all three methods of accumulating bitcoin without stressing his financial life as long as he's serious and focus to keep his bitcoin accumulation ongoing with persistent, consistent and aggressive overtime.
I feel that you are mistaken the meaning of discretionary income for something else. Discretionary income is the left over money after removing the monthly for your monthly needs and expenses. You can use your discretionary income to do whatever you like amd it wouldn't affect your living. Imagine a poor man that earns $1000 with two kids and his wife. At the end of the month, his expenses is $800, and he has a discretionary income of $200 which he can use to invest in bitcoin or gamble it.
A rich man with two kids and wife has an income of $100000 every month, with an expenses of $30000 every month, who do you think is in the position to invest more aggressively without thinking twice. Of course, is the rich man.
I think that you are correct with everything you say Sim_card - yet I still think that it is important to point out that the level of aggressiveness has to do with the level of your discretionary income that you are investing rather than the actual amount of the discretionary income...
So in a lot of senses, your example of a rich guy could invest quite whimpily (and ONLY a very small part of his $70k monthly discretionary income) and still outpace the poor guy who only has $200 monthly of discretionary income to work with.
I am not going to proclaim that I exactly know what is aggressive versus what is whimpy, yet we have to start with the consideration of our own discretionary income levels rather than cross comparing folks who have much different circumstances.
You might even say that everything is the same with your poor guy and your rich guy in term of their having emergency funds for 3 months and various other reasonable back up funds, so then the ONLY difference is that one has $200 per month available for investing and the other has $70k per month available for investing, yet since the differences in the amounts are so extreme, it becomes way more difficult to be reasonable in our comparisons.
It might be better to come up with better examples, and so maybe a poor person who has $50 per week of discretionary income versus a richer person who has $1,000 per week of discretionary income. Yeah, the richer person is not outrageously rich, but he still has 20x more discretionary income to be able to work with.
For me it becomes a bit more meaningful to attempt to compare similar situations or maybe just describe differences in one or two variables rather than making outrageously broad-brush descriptions of so many differences, even though surely we have people at the extremes and then we have a variety of variations of those same persons who are in between the extremes.
[edited out]
I was never expecting you to agree with me in some points of my, you should have agreed with me instead of condemning the truth that I just spoke. Because you and I knows that when it comes to bitcoin investment, a dip in bitcoin always favor the rich investors more than the poor investors.
As an speaking right now if not 90% of investors who are rich , at least 80% of them has already taking advantage of the durrent dip in bitcoin by buying aggressively, while the investors with low incomes are still on calculations on how they can map out some part of there income to purchase bitcoin on this current dip, that why I want you believe me bro am speaking the fact.
And I believe you can now see the difference between the rich investors with high income and the poor investors with low income, and I also believe you have seeing the the reason why I said that buying bitcoin aggressively when there is a dip will always favor the rich investors more than the the poor investors.
Of course, many of us are going to know that rich folks are going to have a lot of advantages in something like bitcoin and/or investment, if they are enlightened towards the value of bitcoin as an investment.
Yet, at the same time, I think that a lot of poor people (and/or those who are not very rich), mistakenly overly focus on the mere fact that rich folks have a lot of advantages, and there are likely a lot of importances for any of us forum members to be trying to figure out how to stay focused on advantaging in terms of our own personal circumstances rather than getting too worked up about the various advantages that rich folks happen to have.
For sure, poor folks do not have as much money to work with, and of course, poor people are going to need to be more organized and perhaps even ongoingly motivate, otherwise they have a lot of areas in which they could end up screwing up and causing themselves delays in progress or even completely eliminating their abilities to get up to a certain level of wealth that they might start to cushion themselves more from their poverty.
So there are a decent number of rich folks that have a lot of back up funds and back up systems that poor people do not naturally have, unless the poor people are needing to build those kinds of back up systems in order to progress towards making themselves more and more rich, which could well take them 4-10 years or more to put strong cashflow management and back up systems in place, and then maybe even 15-20 years or more before they might start to really feel like they have made it and they can start to relax a bit more... ..
Don't get me wrong. I am not even proclaiming that a poor person is going to have to suffer for 15-20 years before he is advantaged by his focus, work, organization and/or motivations to build his wealth and his cashflow systems, since I surely believe that advantages are likely to continue to be felt each year, even though in the first years the magnifying (and compounding) effects are likely to either be non-existent and/or perhaps even fairly low in their perceptibility. ..and yeah, even after working our asses off for 15-20 years or more, we are not guaranteed success or even to have had made the correct choices or even to be better off with bitcoin as compared to other places that we had placed our investments, so each of us has to figure out how much focus and/or efforts and/or value in which we want to place into bitcoin as compared to other places that we could place our time, energies and value.