To The Moon

Why should anyone be surprised? These are all fake organisations with no intrinsic value. They don't produce anything of any value. They don't offer any service of any worth. The only thing that drives any perceived value are the greed of people who push up the prices only hoping to offload them at the optimum prices to any sucker that is stupid enough to believe the hype that Crypto's will always appreciate in value.

MSTR bounce is not sustainable. It's a dead cat. The business model is false and the clock is ticking against it. First comes the dividend payment that has to be made. This will raise pressure on finding the cash to pay with. Next comes the matching of price of shares versus float and the value of it's sole asset, Bitcoin.  Remember, it's breakeven cost of Bitcoin is around $174,000. That is a just a sneeze from last night's $181k plus. Once Bitcoin falls below $174k, all hel breaks loose.

Strategy likely will not be in the S&P500. 

This shows they don't have cash to pay. 

Sell shares to raise dollars to pay dividends? How is this allowed? You are supposed to pay dividends from profits from trading or business operations. How is this not a ponzi?

A repeated posting but worth re-reading. A greater financial shenanigan is hard to find.  Ponzi in a nutshell is what Peter Schiff calls it. Some argue against this term but how do you explain issuing shares to pay dividends to old shareholders? 

It was a fool's run to begin with. A financial sleight of hands to make money out of nothing. Many old hands have been warning about this strategy (no pun intended) for a very long time. Everything is now being revealed as Cryptocurrency face their longest winter.

Not unexpected to see this sell-off. The bubble has been waiting to pop for some time now. But for Strategy, it has been losing air for some time now.  One thing though. When you see the memers stampede out as you are seeing now, it will usually be very overdone.  This may be the time to pick up the baby that has been thrown out with the bath water? Just make sure you buy at the price you are comfortable to hold at.

So Phong Lee finally comes out and calls this a crypto winter. This is very different from what Michael Saylor has been telling interviewers.  So who is really telling the truth?

Crypto is facing pressures again. Bitcoin is right now risking going below $85k. This being the second time in 7 days, there is a very real possibility Bitcoin may fall below $80k support.