Michael Sailor is dumb

Dec 4, 2024

Michael Sailor is the dumbest trader I've ever seen on a massive scale. MicroStrategy started buying Bitcoin on August 11th 2020. Since then Michael Sailor held Bitcoin for a loss and bought Bitcoin at all time highs. He never sold Bitcoin to take profit, never had a stop loss and leveraged his Bitcoin dca accumulation by issuing debt with a check he ultimately can't cash. In the future this will prove to be a catastrophic example of how not to trade or invest. Everyone will be saying in hindsight they could have predicted such a collapse. Everyone who has traded Bitcoin the past 10 years knows it is a speculative risk asset. You buy the drop and sell the top. Eventually, this ponzi scheme greater fool theory implodes under it's own weight and gravity prevails.

BTC Future trajectory:
Sell Resistance = 100k
Hold Average = 63k
Buy Support = 23k

Dec 23, 2024

Trade closed: target reached

Close MSTR short position at 339 while BTC was down at 93k. I think they'll be a bounce up tomorrow.

Jan 6

Note

In an SEC filing today, MicroStrategy acquired an additional 1,070 BTC last week for approximately 101 million at an average price of 94,004 per Bitcoin. Now, MicroStrategy’s total Bitcoin holdings is 447,470 BTC, purchased at a cost of 27.97 billion, including fees and expenses. MSTR’s average price per Bitcoin is 62,503 now. With BTC trading at 102k, the value of MicroStrategy’s Bitcoin holdings is 45.6 B. Even though MSTR stock is trading at 88 B. Which represents a 2 times premium valuation of MSTR book value. Theoretically, a MSTR investor pays twice as much per Bitcoin or 200k per BTC today. No wonder why Michael Saylor is diluting MSTR shares hand over fist. However, it's not liquid, because he cannot sell BTC for profit. MSTR fair value would be 180 per share today. I know it trades on momentum, but just explaining the fundamentals.

Jan 6

Note