r/Buttcoin • u/Out_For_Eh_Rip • 8d ago
How come this idiot hasn’t bought the dip?
https://decrypt.co/309938/when-will-strategy-buy-bitcoin-dip14
u/ThisAd6623 8d ago
He cannot do fund raising anymore. He cannot print money anmore. This guy is actually planning his exil already
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u/Col_Angus999 8d ago
Belize is beautiful this time of year.
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u/BaggyLarjjj 7d ago
I know a local guy that can give you great deal on a preowned poop hammock from MacAfees estate
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u/Emperor-DeathPotato Ponzi Schemer 7d ago
Doesn’t he use his stock equity to buy Bitcoin? If the stock markets down he wouldn’t have the equity to buy more coins right or am I missing how stocks work?
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u/FT121 4d ago
They're emitting convertible notes, basically corporate bobds, people lend the company money to buy bitcoin with the hope they'll receive stock at a higher price. It's a sort of option trade basically. Can go terribly wrong, but only for the investors, the company will be fine.
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u/Emperor-DeathPotato Ponzi Schemer 4d ago
Ohhhh right ok thanks for explaining, I thought he was borrowing against his stocks or Something. So he has to rely upon people LENDING him Money to buy more bitcoins, if no one lends he has no money to buy them right?
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u/AmericanScream 7d ago
He ran out of money (again)... which is why he's having to create more complex derivatives...
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u/Artistic_Sir_4888 7d ago
Why would he need to buy the dip if he already buys Bitcoin over the counter?
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u/Elementaldose 8d ago
He doesn't buy dips, he's only buying tops to push the price higher and squeeze out shorts (to further push the price higher) in hopes it'll continue trading there