Crypto Currency

4th_floor said:
In the dot com bubble of the late 90s, if a company bought a website and publicized it, it's stock would soar regardless of the fundamentals. Looks like the same thing here. But remember that when the dot com bubble burst, sound internet companies did quite well and the pretenders were taken out. IMHO, there will be some opportunities to accumulate great wealth as the transition to blockchain progresses. There will also be some opportunities to lose everything. So proceed with great caution.
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Bitcoin is not the internet, so the comparison is not relevant.
 
Blockchain is what compares to the internet. And will overtake it and make it obsolete. Bitcoin is created by miners and the ledger that tracks it is Blockchain. The list of Fortune 500 companies using the Blockchain to Store information is impressive. I’ll go find it.
 
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If the greater fool theory is indeed in play then, given the considerable population of fools, only the greatest fool would not buy in and take advantage of the massive price appreciation brought about by this phenomenon
This is game theory 101, kids
All arguments in opposition to bitcoin have now been thoroughly and completely destroyed forever and you're welcome
 
Now if we could get him to tip us off before he establishes a $10 Million leveraged short position and temporarily crashes the market! Of course it will now take a lot more than that to make a wave!
 
If we we could just get Harvard, UT, Notre Dame and USC to add 3% BTC in their endowments. I’d be moving into my Grand Cayman Estate by Christmas! Dion’s would be a private island. Just kidding Dion. Now Calper, California Pension Endowment, if they moved over! :bow:
 
December 2013
MicroStrategy CEO Michael Saylor says bitcoin is going away

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August 11, 2020
Michael Saylor buys $250M in bitcoin as Primary Treasury Reserve Asset

MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset | MicroStrategy Incorporated

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“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 world’s 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.”
 
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Guess I should never sell my Bitcoin until I buy land and sell my house to move there. I have been thinking about a sell strategy. I think it will be for major purchases only.
 
The MicroStrategy purchase of $250M in bitcoin is a big deal
The biggest owners of the company are Wall Street firms BlackRock (7.4T AUM), Vanguard (6.2T AUM) and JPMorgan (2.4T AUM) and they must have had to sign off on this
 
This is the end game

Preston Pysh talked a lot about your comments Driver 8. He's a smart dude.
Also, I heard Pierre Rochard on Pomp Podcast the other day. He's a Longhorn, said hook em horns on the Podcast. Smart guy, a real up and comer in Crypto Currency.
 
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