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(CNBC)   MicroStrategy now owns 100,000 Bitcoins worth $3 billion and plans to sell more stock to buy more bitcoins. You'll find out more when Wolf of Wall St. Part II hits theaters   (cnbc.com) divider line
    More: Facepalm, Stock market, Stock, price of bitcoin Monday, Share, Shareholder, enterprise software company, past year, Michael J. Saylor  
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398 clicks; posted to Business » on 21 Jun 2021 at 4:29 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



26 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-06-21 4:13:03 PM  
Only if it includes Margot Robbie nekkid again.
 
2021-06-21 4:27:02 PM  
Now how I know they're short-visioned?

Not buying ETH
 
2021-06-21 4:31:59 PM  
Bitcoins = Fun Coupons
 
2021-06-21 4:34:42 PM  
I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.
 
2021-06-21 4:36:54 PM  
MicroStrategy has in the past year gone from relative obscurity to a well-known force on Wall Street and in the crypto community, thanks to its aggressive bets on bitcoin and the evangelizing from Chairman and CEO Michael Saylor, who routinely touts bitcoin on Twitter. He's racked up more than 1 million followers on the social media site.

This guy has figured out how to be a Crypto Celebrity by saying things like:

A common refrain from some of the biggest names on stage was that "bitcoin fixes everything," which pretty much sums up the general sentiment at the conference.

"We say bitcoin is hope; bitcoin fixes everything," said Saylor. "That certainly was the case with our stock."

"It's the highest value use of intermittent energy. It's the highest value use of renewable energy. It's the highest value use of wasted or stranded energy. And it's just the highest value use of energy, period," said Saylor.


It fixes EVERYTHING and it's the highest value use of all energy.  Bitcoin.  Totally not a cult:  https://www.cnbc.com/2021/06/0​7/bitcoi​n-2021-elon-musk-jack-dorsey-winklevos​s-twins-key-highlights.html
 
2021-06-21 4:54:54 PM  
That makes me even happier that my company listened to my (and other) departments and went with PowerBI instead.

/the seamless heterogenous data sourcing make it worthwhile alone
 
2021-06-21 5:00:06 PM  
If you owned all the Bitcoin in the world, would you be rich?
 
2021-06-21 5:24:05 PM  
Fark user imageView Full Size
 
2021-06-21 5:55:09 PM  

FrancoFile: I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.


If bitcoin goes up will you just say he's lucky? To my mind it takes plenty of guts to make a wager like he has. He might be a moron, but right now he's hanging it all out there on his vision of the future.
 
2021-06-21 6:03:37 PM  

Earl of Chives: FrancoFile: I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.

If bitcoin goes up will you just say he's lucky? To my mind it takes plenty of guts to make a wager like he has. He might be a moron, but right now he's hanging it all out there on his vision of the future.


Lucky or just smart enough to pump and dump a worthless asset.
 
2021-06-21 6:10:35 PM  
About two months ago that $3 billion would have been worth $6 billion. Losing $3 billion in two months is hardly something to boast about.
 
2021-06-21 6:12:09 PM  

redmid17: Earl of Chives: FrancoFile: I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.

If bitcoin goes up will you just say he's lucky? To my mind it takes plenty of guts to make a wager like he has. He might be a moron, but right now he's hanging it all out there on his vision of the future.

Lucky or just smart enough to pump and dump a worthless asset.


MSTR says their cost basis is $26,080. BTC today is $31,721. I'm failing to see the "pump" part of your theory.
 
2021-06-21 6:20:57 PM  

Earl of Chives: redmid17: Earl of Chives: FrancoFile: I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.

If bitcoin goes up will you just say he's lucky? To my mind it takes plenty of guts to make a wager like he has. He might be a moron, but right now he's hanging it all out there on his vision of the future.

Lucky or just smart enough to pump and dump a worthless asset.

MSTR says their cost basis is $26,080. BTC today is $31,721. I'm failing to see the "pump" part of your theory.


Then you didn't read the article nor will I bother explaining it to you.
 
2021-06-21 6:25:33 PM  
And the band played on.
 
2021-06-21 6:59:36 PM  
The drop today is fun to watch... still going!
 
2021-06-21 7:05:41 PM  

Earl of Chives: FrancoFile: I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.

If bitcoin goes up will you just say he's lucky? To my mind it takes plenty of guts to make a wager like he has. He might be a moron, but right now he's hanging it all out there on his vision of the future.


Guts?!?! It's not his money!!!
 
2021-06-21 7:20:22 PM  
Well if they are big enough we should have the government bail them out if bitcoin fails.  But of course, if they make a profit, let them keep it.

Privitize profits, socialize losses.  All part of the plan.
 
2021-06-21 8:06:41 PM  
When has a story like this *ever* worked out for investors?  This is like the second act in an episode of "American Greed"
 
2021-06-21 8:11:36 PM  
And let's not forget that Saylor got a free education at  MIT, courtesy of ROTC, and then the Air Force decided they didn't need him and let him out of his service obligations.
 
2021-06-21 8:52:37 PM  

OptionC: When has a story like this *ever* worked out for investors?  This is like the second act in an episode of "American Greed"


When it's a deflationary unit. Got any data on that? Nope, didn't think so. It's a very long game. Not get rich quick more like get very rich very slowly.
 
2021-06-21 8:53:33 PM  
You have to love the HODL crowd...
 
2021-06-21 9:30:26 PM  
"We rotated our shareholder base and transformed ourselves into a company that's able to sell enterprise software and to acquire and hold bitcoin, and we've done it successfully with leverage," Saylor said.


oh, this is going to end well.
 
2021-06-21 10:20:24 PM  

FrancoFile: I grew up only a few block from Michael Saylor.  His brother was a good friend of my brother.

The guy is a hack.  The majority of his success is due to pure luck and serendipity.  We called the company "MicroTragedy" back in the late 90s/early 00s when it got caught in the dot-com crash.

And we won't even talk about the walking HR disaster.


How funny! I too lived near this clown when we lived in Fairborn. In fact, my older brother once beat him to a pulp (as my brother was wont to do to pretty much anyone). He was a schmuck as a kid, and he's an even bigger schmuck as an adult.
 
2021-06-21 10:48:06 PM  

Declassify Issue: The drop today is fun to watch... still going!


The poor people that are mad at people making money with crypto/stocks are easy to spot.
/You will get there one day, stay strong
 
2021-06-21 11:15:27 PM  

Karne: Declassify Issue: The drop today is fun to watch... still going!

The poor people that are mad at people making money with crypto/stocks are easy to spot.
/You will get there one day, stay strong


I'm confused about your comment because of the slashie, sorry.
 
2021-06-21 11:47:57 PM  

OptionC: When has a story like this *ever* worked out for investors?  This is like the second act in an episode of "American Greed"


Depends on who the investors are.  The people who put money into the funds?  Or the people who run the institutions?  Sure, lots of people lost their shirts in the mortgage crisis.  But those were normal people.  Chumps.  The banker class got bailouts.  They are fine.  They are still in control.  They are too big to fail.
 
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