james22

New development. Floated the idea of paying the owner a $100k non-refundable down payment to buy at year's end for $100k over list. They're open to talking about it. If MSTR doesn't recover by then, the loss of $100k won't matter much. If it does, overpaying by $100k will seem inexpensive. (And the place may have appreciated by that much by then anyway.)

Sure, but easier at the top than now when I believe the opportunity cost too high. I do have a better idea of the Sweet Spot now (both from the Eff You Money thread and this experience) that will let me diversify at a certain number. There was really no reason before to take anything of the table.

“I heard that you lost a lot in the crash.” “I did,” and he added grimly, “but I lost everything I wanted in the boom.” https://www.thefp.com/p/things-worth-remembering-rob-henderson-f-scott-fitzgerald

Probably doesn't mean anything.

Nah, investors either didn't understand what was delivered or had unrealistic expectations. But the market will figure it out (or it'll be provided additional evidence of buying intent) soon enough. And there's probably a bit of manipulation going on as well. This is still true. And will be as long as only BTC trades 24/7. Whales can manipulate the market. They'll keep the volatility high. Once the market weighs them by earnings and adoption, they'll diverge. But you're probably right. BTC will be increasingly seen as an alternative.

A U.S. Strategic Bitcoin Reserve Could Help Offset National Debt Try our calculator to see the potential impact on U.S. debt https://www.vaneck.com/us/en/us-bitcoin-strategic-reserve-calculator/

I've no intention of raising an army.

Is it? It's easy enough to ignore the thread if you aren't interested. And hopefully gives any half-interested value investor an idea of what's going on with arguably the biggest thing in finance right now. Besides:

Now do gold.

For those who don't already hold Bitcoin, does the establishment of a Strategic Bitcoin Reserve elevate it to an "asset class" in your mind? Will you make it a position?

Why assume that? I once spent a year on assignment as Head of Expat HR Policy and learned to always schedule a virtual meeting after ever major policy announcement because no matter how carefully we crafted the message it'd always be misunderstood. I'm sure whoever drafted Sacks' release was very proud of how carefully they made the distinction between Reserve and Stockpile, and how they used IN ADDITION. LOL But someone had the foresight to release it tonight when it can be explained just half a day later.

The moon boyz can't read. It's a BIG step. And one they got right (BTC > else), important after Trump's last tweets. I expect tomorrow only that they'll make it clear they intend to acquire more. How much they share (for fear of being front-run), I don't know, but sure they've already a plan. Now, if they wanted to announce they've already bought $40B bitcoin with the Exchange Stabilization Fund, or from the sale of gold (MTM via federal gold revaluation), I'd be OK with that. It's hard to imagine the basis for continued resistance in the face of this.

Let's see what is suggested tomorrow.

Yes. What do you think MSTR does successfully? This is just step one. What do you think tomorrow will be about? It won't be about a SBR or its makeup, that's now been decided. It'll be about acquiring bitcoin. Other than, you know, actually establishing a SBR. Which most here thought an impossibility. (I'm not above calling anyone out, but it's hard to search this board for those posts.)

I think a lot of people can't read. No bitcoin buying announcement ≠ announcing there will be no bitcoin buys.