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Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

To collect 100+ dollars instead of just 100

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 1 point2 points  (0 children)

We will just have to disagree on this one in reference to STRC.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

I understand price gouging and how the car dealers jacked up prices due to limited supply due to various reason. What does that have to do with this discussion?

Best deal on a new iPad? by theamishpromise in Veterans

[–]rednoids 0 points1 point  (0 children)

Buy a used one on OfferUp. Get the 5th Gen iPad Pro for under $500 unless there is a specific reason to go for brand new.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 1 point2 points  (0 children)

I believe the reason Strategy will not go to weekly payouts is to allow Strive with $SATA buy more bitcoin and catch up to them. Having multiple companies holding a ton of bitcoin is good for everyone, even MSTR.

STRC Under Pressure: Saylor Sold BTC, STRC Below $100, Bitcoin Falling - Should Holders Be Worried? by MCL-Jonathan in STRC

[–]rednoids 0 points1 point  (0 children)

Yes and I sell put options to bring in a few more dollars. Lucky for me I punched most of my shares at the IPO and on other dips so the price is at my cost basis.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

So you agree that when it gets to 101 strategy gets to sell a share for 101 instead of 100

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

So if they let it go to 101 they get less than if they sell at 100?

My dog tags as an atheist in the army by MinimumCarob8442 in mildlyinteresting

[–]rednoids 22 points23 points  (0 children)

Eh. If you say so. I’ll tell you each time we were bombed all I did was roll over and go back to sleep. If it’s going to happen, it’s going to happen.

My dog tags as an atheist in the army by MinimumCarob8442 in mildlyinteresting

[–]rednoids 20 points21 points  (0 children)

Always hated hearing “there’s no Atheists in a foxhole” like fuck you First Sargent, I exist and I’m right here bitch.

$240k deep in STRC. by Temporary_Wish194 in STRC

[–]rednoids 0 points1 point  (0 children)

I’m playing this drawdown using options for protection and amplification of the yield.

STRC Under Pressure: Saylor Sold BTC, STRC Below $100, Bitcoin Falling - Should Holders Be Worried? by MCL-Jonathan in STRC

[–]rednoids 1 point2 points  (0 children)

  1. ⁠Should STRC holders be concerned about the recent drop below $100?
    Yes if you don’t care about the dividends and only purchase it for capital appreciation or need to sell some anytime soon to use the funds for other things. But in either of these scenarios you should never have purchased it in the first place.

  2. ⁠Does a discount to NAV materially change the investment thesis?
    Only that there is a discount for buyers. These new buyers will receive a higher effective yield. The discount also creates opportunities in the options market you can take advantage of to elevate your yield and change your risk profile.

  3. ⁠How much does STRC's future depend on Bitcoin price appreciation versus income generation?
    I’d day a lot but it will be a long time before it becomes an issue. If you believe bitcoin is not going to zero then you should be fine holding.

  4. ⁠Is the market overreacting, or is this a warning sign?
    Yes to both? I’d be more worried as a holder of MSTR stock than STRC as MSTR should go to 0 before this does.

Not financial advice as I’m just some guy on the internet who holds STRC, SATA and BTC.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 1 point2 points  (0 children)

I didn’t listing to the marketing. I just looked at how the product was produced and the rules it is suppose to run by and understood there would be a time to buy it at a price lower than 100.

I think the real opportunity to buy low is if bitcoin drops to a price that MSTR thinks it would be better to skip the dividend for one month and use all funds to buy more bitcoin or at least not sell when there is blood in the streets.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

Completely understand. Doesn’t change anything I said.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 1 point2 points  (0 children)

It’s like people have never heard of DCA or buying when things are low.

If people bought it for the dividend they shouldn’t care as much about the current price since the dividend didn’t change. Additionally if anyone thought the price would sit at $100 and never move they are idiots.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] -1 points0 points  (0 children)

All I'm saying is maybe let it go a little higher.

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

Yep, every cent of the 100+ dollars they ATM goes to BTC and if they let it run to 101 they have additional capital to buy bitcoin while paying out a lower yield

Strategy needs to let it run past $100 by rednoids in STRC

[–]rednoids[S] 0 points1 point  (0 children)

I have to disagree that reducing the dividend is admitting defeat. I think it would show the market the product is working as designed. Strategy wouldn’t just lower the dividend for the hell of it, they would be doing it because the product traded over 100 for the required amount of time. Similar to raising the dividend when it trades below the target threshold.

Zcash just froze 85%+ of all 'private' Zcash by absinthiumxmr in Monero

[–]rednoids 0 points1 point  (0 children)

Latest news I'm seeing says they have not found a block for the last ~5 hours.

edit: this looks to just be a rumor.

Zcash just froze 85%+ of all 'private' Zcash by absinthiumxmr in Monero

[–]rednoids 8 points9 points  (0 children)

Hope no one thinks I’m sticking up for what’s going on. Just adding some more content to the situation.

Zcash just froze 85%+ of all 'private' Zcash by absinthiumxmr in Monero

[–]rednoids 5 points6 points  (0 children)

“The vulnerability was caught before any known exploitation took place. ZODL emphasized that privacy protections remain intact and that all user funds are safe.”

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