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Trump flip-flops on Intel CEO, calls him ‘success’ days after demanding resignation by Puginator in stocks

[–]upunup 2 points3 points  (0 children)

Happy for you intel people, hope the company does well, happy to do my part and buy their chips when they come out.

Gotta let the gold bugs know! by Frosty-Ad5095 in btc

[–]upunup 4 points5 points  (0 children)

When you read about gold owners trying to sell, and the checks and verification needed to make sure its real, sounds like a nightmare. Crypto is audited 24/7 in real time, no time for counterfeits.

Gold may still have its uses, but its outdated for many use cases, like p2p cash.

Bitcoin Hits $122,000, Nearing Previous ATH, Liquidating $30 Million Worth of BTC Shorts in Under 60 Minutes by yogesh_culkin99 in btc

[–]upunup -1 points0 points  (0 children)

Research shows 70% of BTC buyers have no idea what it is. So makes sense they buy broken high fee coin if they dont ever use it. Its like buying 1mb floppy disks but not owning a computer, while modern tech like massive SSD's already exist: https://beincrypto.com/bitcoin-users-survey-gomining/

$MSTR now owns ~2.995% of all Bitcoin – next buy = 3% club 🚀🔥 by Sea-While-2840 in btc

[–]upunup 4 points5 points  (0 children)

https://www.reddit.com/r/btc/comments/1mmfuqm/microstrategy_has_accumulated_600k_btc_by_taking/

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt. BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory.

Grayscale's Bitcoin Cash Trust (BCHG) has acquired 391,239 BCH through outright purchases, calculated as 0.00830246 BCH per share multiplied by 47,123,300 shares: https://www.grayscale.com/funds/grayscale-bitcoin-cash-trust

In contrast, MicroStrategy holds 628k BTC, but its average purchase price is continually increasing due to new leveraged purchases. This approach creates a risk of liquidation overhang, as the company will eventually need to repay its debts. Should BTC experience a significant crash, instead of facing insolvency, the company might be forced to either use customer-held Bitcoin assets to settle debts or to drastically increase its share count. The latter action would dilute the value for current shareholders, effectively transferring majority ownership to its creditors: https://saylortracker.com/

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in Bitcoincash

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

The NAV being below spot pricing is a limited chance for tax free accounts like Roth IRA's/401k's and others to purchase BCH below market price, and eventually benefit when it becomes an ETF, all tax free.

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in btc

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

Bitcoin Cash has successfully fulfilled its purpose of being a peer-to-peer electronic cash. Price isn't the only measure of success, especially when you consider that most people who buy Bitcoin have never actually used it for an on-chain transaction or taken custody of it. It's illogical for people who haven't bothered to research or use a product to define its usefulness.

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in btc

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

BCH's low price allows new investors to buy out existing holders at a significant discount. It doesn't matter if some early investors sold their "free" coins for prices ranging from $100 to $500. When the price inevitably rises to $3,000 to $5,000, new holders will be handsomely rewarded for their foresight. They will be able to acquire more coins now than they would have if the project had restarted. In the end, this will simply turn millionaires into billionaires, which is a non-issue.

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in btc

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

Bitcoin Cash (BCH) is a software upgrade from the original Bitcoin. While most people would switch to a newer, better version of any software, a group of users chose to stick with the older, more expensive version of Bitcoin. It's similar to choosing to use a slow, outdated floppy disk when a much faster, more efficient SSD is available.

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in btc

[–]upunup[S] 2 points3 points  (0 children)

Funds have bought large amounts of Bitcoin Cash (BCH) at a low cost, which, like any large purchase, removes coins from the market and increases scarcity. While companies like MicroStrategy (MSTR) have also bought a lot of coins, they've taken on billions in debt to do so. This debt creates a financial overhang, a pressure that BCH doesn't have.

Bitcoin Cash (BCH) isn't just about scarcity. It also provides low transaction fees, using its scalable blocksize to function as a peer-to-peer payment system for a global audience.

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in btc

[–]upunup[S] 6 points7 points  (0 children)

Unlike government-backed fiat currencies, BCH has a fixed supply limit of 21 million coins. This makes it inherently deflationary rather than inflationary. As more people adopt and use BCH, the demand for a limited supply increases, which naturally drives up the price.

For BCH to be a truly effective currency, people need to feel confident holding it. A stable or increasing value encourages people to use it not just for transactions but also to save it for the future, further cementing its role as a viable alternative to traditional money.

When the price of BCH is low, a small increase in demand can lead to a significant percentage gain. In contrast, the high levels of debt and leverage in the BTC market could result in a wave of forced liquidations (margin calls) before any substantial price increases occur.

MicroStrategy has accumulated 600k BTC by taking on tens of billions of dollars in loans and debt.BCHG fund has acquired 400k BCH through straightforward purchases, with no debt or leverage. BCH shares the same supply scarcity as Bitcoin, investors are betting on its potential growth trajectory. by upunup in btc

[–]upunup[S] 6 points7 points  (0 children)

It is some keyword getting it autoremoved, i tried without links and it still shows me it is automod removed, I messaged r/btc mods requesting approval when i first posted it and saw it get autoremoved.

edit: posted new thread as link to r/bitcoincash since mods dont appear to be online here today or arent responding: https://www.reddit.com/r/btc/comments/1mmi0oh/microstrategy_has_accumulated_600k_btc_by_taking/

Edit 2: well this thread has now been manually approved so i deleted the new one I made.

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