Quote from: Jating on April 10, 2025, 11:04:26 PM

Quote from: Olamidetechie on April 10, 2025, 09:02:58 PM

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

Tweet that to Michael Saylor and see his reactions. You didn't mentioned though what are the circumstance first that will make the price go to $80k to $500? So that we can see your reasoning and if it possible.

And so it's hard to answer the questions without first understanding what event will lead Bitcoin to go this low.

Michael Saylor would go bankrupt if BTC goes below a certain price point. His strategy is based on BTC going up consistently and that is a huge risk if the market would stay bearish for a longer time. Watch this video which explains the risks surrounding MSTR well: https://www.youtube.com/watch?v=pF29eETxsRA

I'd much rather buy BTC directly or if that ain't possible (in a pension account) buy an ETF than buy MSTR stock.

tinus42

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