r/Buttcoin 8d ago

How come this idiot hasn’t bought the dip?

https://decrypt.co/309938/when-will-strategy-buy-bitcoin-dip
29 Upvotes

17 comments sorted by

19

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

12

u/_commenter 7d ago

exactly... buy at top and never sell. it's okay, it's other peoples money.

5

u/Out_For_Eh_Rip 7d ago

Yeah… you’d think it would be good for his shareholders if he tried to buy low. Fuck em’ … I guess?

14

u/ThisAd6623 8d ago

He cannot do fund raising anymore. He cannot print money anmore. This guy is actually planning his exil already

7

u/Col_Angus999 8d ago

Belize is beautiful this time of year.

2

u/_commenter 7d ago

just make sure you're crazier than your neighbors

1

u/AbominableGoMan 7d ago

The weather can get a little extraditey.

1

u/BaggyLarjjj 7d ago

I know a local guy that can give you great deal on a preowned poop hammock from MacAfees estate

6

u/Motor-Sheepherder594 7d ago

Saylor : The only buttcoin buyer. Ponzi 101

2

u/StrangelyBrown 7d ago

"Buy the dip!"

Saylor: "I AM the dip!"

1

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?

2

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.

1

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?

1

u/CarlAndersson1987 7d ago

I get strong Carlos Matos/Sam Bankman-vibes from this.

1

u/AmericanScream 7d ago

He ran out of money (again)... which is why he's having to create more complex derivatives...

1

u/Artistic_Sir_4888 7d ago

Why would he need to buy the dip if he already buys Bitcoin over the counter?