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Showing 6 of 6 results by Johny H.
Re: According to Kiyosaki its time to buy Bitcoins, because Buffet has dumped banks
Robert Kiyosaki has claimed that its the right time to buy Bitcoins because Buffet has dumped his banking stocks, but his other half of the tweet doesnt make any sense to me.
Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and hes finally warming up to the idea of investing in cryptos, and if its true then I believe that we would see many investors rushing in to buy cryptos too (those investors who follow Buffet).
Although this is speculation at its best that buffet will completely end his love for banks, but what do you think will investors actually heed Kiyosaki advice, and dump banking stocks too to buy bitcoins?, if yes what impact can we expect to see in bitcoin prices in the short term?.
Sources:
https://twitter.com/theRealKiyosaki/status/1306650262279393280
https://www.fool.com/investing/2020/08/21/is-warren-buffett-giving-up-on-bank-stocks/
Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and hes finally warming up to the idea of investing in cryptos, and if its true then I believe that we would see many investors rushing in to buy cryptos too (those investors who follow Buffet).
Although this is speculation at its best that buffet will completely end his love for banks, but what do you think will investors actually heed Kiyosaki advice, and dump banking stocks too to buy bitcoins?, if yes what impact can we expect to see in bitcoin prices in the short term?.
Sources:
https://twitter.com/theRealKiyosaki/status/1306650262279393280
https://www.fool.com/investing/2020/08/21/is-warren-buffett-giving-up-on-bank-stocks/
My opinion is that is is always good time to buy bitcoin, if you have spare funds. Same is for gold.
I see there is a strong correlation between SPY and Bitcoin prices. BTC has a higher beta, however. Whenever SPY tanks, BTC tanks twiiiiiice as hard, (as it was the first time, I said good byeeee)
In March, BTC dropped from $10k to $5k. I am calling for another BitCoin wipeout when the market crashes.
In March, BTC dropped from $10k to $5k. I am calling for another BitCoin wipeout when the market crashes.
I completely disagree.
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto Superior to Cash
First, the news:
MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
Source link: https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset
This is the main statement:
Coindesk realunched the news:
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto Superior to Cash
Source link: https://www.coindesk.com/microstrategy-bitcoin-buy-protects-against-fiat-inflation
My Commentary:
This is so big: A publicly traded firm decided to invest half of his 500 millions excess cash reserves buying bitcoin, deliberately dumping the ever value loser, inflationary, exponentially printed fiat currency, to embrace the superior hard money, digital gold, Bitcoin.
This is so bullish. A new era for Bitcoin in the path of a recognition as a superior Store Of Value.
A few tweet about this:
Gabor Gurbacs
PlanB
Barry Silbert, GrayScale CEO:
Micheal Saylor himself has been interviewed by Antony Pompliano in his Podcast:
The Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet
Youtube Version:
The Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet
https://i.imgur.com/juxQtZl.png
MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
Quote
TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.
Source link: https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset
This is the main statement:
Quote
Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders, said Michael J. Saylor, CEO, MicroStrategy Incorporated. This investment reflects our belief that Bitcoin, as the worlds most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.
Coindesk realunched the news:
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto Superior to Cash
Quote
Publicly traded business intelligence firm MicroStrategy purchased 21,454 bitcoin on Tuesday, effectively pouring all $250 million of its planned inflation-hedging funds into the digital currency.
- Disclosing its bitcoin buy alongside an equivalent stock buyback in a Tuesday Securities and Exchange Commission filing, MicroStrategy, a Nasdaq-listed software firm worth over $1.2 billion, said the cryptocurrency provided a "reasonable hedge against inflation" in a press statement shared with CoinDesk.
- This investment reflects our belief that bitcoin, as the worlds most widely adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash," said CEO Michael J. Saylor.
- Saylor cited forces working to weaken fiat currencies COVID-19, global quantitative easing measures, political and economic uncertainty but also the technical and qualitative aspects that he said give the bitcoin blockchain strength.
- We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility and community ethos of bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value," Saylor said.
- The capital allocation quickly fulfills Saylor's late July promise to shareholders that his company, which he founded in 1989, would buy back $250 million in stock and invest an additional $250 million in gold and bitcoin over the next 12 months. The belief was that these and other "alternative investments" would protect MicroStrategy's dollar-heavy balance sheet.
- It is now clear that half of the $500 million bet turns entirely on bitcoin. MicroStrategy "accordingly has made bitcoin the principal holding in its treasury reserve strategy," Saylor said.
Source link: https://www.coindesk.com/microstrategy-bitcoin-buy-protects-against-fiat-inflation
My Commentary:
This is so big: A publicly traded firm decided to invest half of his 500 millions excess cash reserves buying bitcoin, deliberately dumping the ever value loser, inflationary, exponentially printed fiat currency, to embrace the superior hard money, digital gold, Bitcoin.
This is so bullish. A new era for Bitcoin in the path of a recognition as a superior Store Of Value.
A few tweet about this:
Gabor Gurbacs
Quote
Publicly traded company MicroStrategy adopts #Bitcoin as a treasury reserve asset to hedge against fiat inflation. MicroStrategy allocates $250mm to Bitcoin. This is a big deal and good to see #Bitcoin used as intended: hard money/savings instrument.
https://twitter.com/gaborgurbacs/status/1293153751549784064PlanB
Quote
#Phase5
https://twitter.com/100trillionUSD/status/1293174076299673600?s=20Barry Silbert, GrayScale CEO:
Quote
MicroStrategy, a $1.2 billion company, just turned itself into a publicly-traded bitcoin play. Smart
https://twitter.com/barrysilbert/status/1293162827478335488?s=20Quote
Gradually, then suddenly
https://twitter.com/barrysilbert/status/1293151330467565570?s=20Micheal Saylor himself has been interviewed by Antony Pompliano in his Podcast:
The Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet
Youtube Version:
The Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet
https://i.imgur.com/juxQtZl.png
Quote
This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Michael Saylor, an entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. He has become well known in the Bitcoin community for using the company's balance sheet to purchase more than $400 million of Bitcoin.
In this conversation, we discuss how Michael built MicroStrategy, what his $500 million dilemma earlier this year was, and why he choose to put more than $400 million into Bitcoin with the company's balance sheet.
In this conversation, we discuss how Michael built MicroStrategy, what his $500 million dilemma earlier this year was, and why he choose to put more than $400 million into Bitcoin with the company's balance sheet.
THIS IS GREAT NEWS!
btc is not good to pay our bills.,
we need new way of passive income goverments should start giving out universal income
there is need for passive income
who will vote for that?=
we need new way of passive income goverments should start giving out universal income
there is need for passive income who will vote for that?=
This doesn't make a sense...
Re: You want to get rich, dont pay taxes, dont get married, dont use bank, and...
Dont pay taxes: govt love taxes! It make them super super wealthy and make you super super poor, govt dont care if you starve to dead tomorrow, thats your own fault to be basement dweller, govt rather spam their tweeter with non sense China FUD.
Dont get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers wont help you to get rid of divorce, youre doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice!
Dont use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why dont use bank? Because were all fooled! We getting so poor today all due to bank! Its bank fault! Were all in huge debt!
Dont invest: Banker love to sell snake oil investment advice! Of course its full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only real economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice business is the only real economy is too dumb to be get rich.
Finally, dont get a job, because jobless is not a fake news, govt keep spreading fake hope that we have 0.000001% jobless rate, while many under employed staff wandering around the streets.
Dont get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers wont help you to get rid of divorce, youre doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice!
Dont use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why dont use bank? Because were all fooled! We getting so poor today all due to bank! Its bank fault! Were all in huge debt!
Dont invest: Banker love to sell snake oil investment advice! Of course its full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only real economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice business is the only real economy is too dumb to be get rich.
Finally, dont get a job, because jobless is not a fake news, govt keep spreading fake hope that we have 0.000001% jobless rate, while many under employed staff wandering around the streets.
Dont get married is a valid point. But we all learn on our mistakes.
Re: Serious question about Bitcoin. Is it a reliable and stable investment?
Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Please give me your thoughts. IRA or Bitcoin for the long term?
Bitcoin long term, IRA short term, gold mid term. IMHO