What's a loss of $146 million in Bitcoin? I'm still going to keep buying!

Kabir903

"We should live without fear, face difficulties without avoidance, and move forward courageously! While others climb mountains, I invest in Bitcoin; while others tread cautiously, I keep buying even after losses!

Being able to continue buying Bitcoin despite losses is truly the behavior of a brave soul. If it were me, I might have been shaken off long ago, let alone making additional purchases after a loss. But this person is different; even after losing $146 million, they are still determined to buy more. Would you not call this person a true leader? Recently, MicroStrategy, the globally leading publicly traded company in Bitcoin holdings, reported a loss of $90 million in the fourth quarter. The main reason cited was the sharp decline in the value of Bitcoin, resulting in a reduction of $146 million in the company's Bitcoin holdings.

After such a significant loss, shouldn't they consider cutting their losses? Michael Saylor, the founder and CEO of MicroStrategy, said, 'Absolutely not, I'm going to keep buying!' In a recent announcement on Twitter, CEO Michael Saylor revealed that the company spent another $25 million between December 30th and January 30th to purchase approximately 660 Bitcoins at an average price of $37,865 per Bitcoin. As of now, the company holds a total of 125,051 Bitcoins, with a total cost of $3.78 billion and an average cost of $30,200 per Bitcoin.

Is this what they call 'While others laugh at my madness, I laugh at their lack of foresight'? Buying more even after a loss of $146 million is something I find hard to comprehend. Moreover, the CEO has declared not to sell any of the Bitcoins held, and he predicts that the ultimate price of Bitcoin will reach $6 million. See, this is someone with vision and courage. I may not be able to do the same, and I hope he doesn't push his luck too far."

Kahn332

This is what we call speculation—using unexpected maneuvers to capture everyone's attention.

Kalkin995

Engaging in speculative trading of cryptocurrencies is really not suitable for ordinary individuals.

Jatin255

Because he knows that as long as he perseveres, the ones getting exploited as small players are certain to be the ones getting their losses, not financial giants like him.

Kapil334

They surely have their own risk assessment to determine whether it's worth buying, unlike us retail investors who often end up being taken advantage of.