3 ms·
Last paragraph sounds like a ponzi scheme.
by itsalwaysgood 2y ago
Last paragraph sounds like a ponzi scheme.
- steveBK123 2y agoBecause it is
- latchkey 2y agoBecause you said it is? Come on, let's have some more informed dialog than that. > As long as the Bitcoin price goes up, that is a viable business. He's been doing this for 4 years. The price has had some wild swings in that timeframe. He's sold one time (for tax loss harvesting) and bought right back in. Everything is tracked in public, because it is a public security. https://saylortracker.com/ https://saylortracker.com/ He's never sold because he had to. In that timeframe, bitcoin has also always gone up. It is higher than it was 4 years ago. He has stated in public that he won't ever sell, nor will he have to. So, what part of this is a ponzi scheme?
- steveBK123 2y agoThe duration of a ponzi does not change its status as a ponzi.
- latchkey 2y agoWhat Saylor is doing does not fall within the definition of a ponzi. It is also happening in the most regulated public financial market out there. Again, what makes this a ponzi?
- latchkey 2y agoSteve, if you're so confident that it is a ponzi, you should short it. https://www.msn.com/en-us/money/markets/microstrategy-mstr-bears-are-in-for-a-painful-short-squeeze-next-year/ar-AA1wtyML https://www.msn.com/en-us/money/markets/microstrategy-mstr-b...