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A comment on MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset. Parent comment

Re:MicroStrategy Adopts Bitcoin as Primary Treasury Reserve ... by macspoofing on Tuesday August 11, 2020 @09:57AM (#24120268)
>I assume these folks have actual intel to take this big decision.

They sure write like they do. But they act like gamblers hoping for the next big score.

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Re:MicroStrategy Adopts Bitcoin as Primary Treasury Reserve ... by kneel on Tuesday August 11, 2020 @11:46AM (#24121610)
>They sure write like they do. But they act like gamblers hoping for the next big score.

Sounds like wall street

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Re:MicroStrategy Adopts Bitcoin as Primary Treasury Reserve ... by diegocerdan on Tuesday August 11, 2020 @10:13AM (#24120423)
What if sentiment is blue-pilled and holding dollars is actually the gamble? You would be holding the wrong side of the stick.

I would agree that dollars have little downside but the purchasing power degradation of dollars feels like a irremediable tax on savings. And hard money like gold, silver, Bitcoin or Ethereum a quite decent hedge.

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Re:MicroStrategy Adopts Bitcoin as Primary Treasury Reserve ... by take_a_breath on Tuesday August 11, 2020 @10:18AM (#24120479)
==And hard money like gold, silver, Bitcoin or Ethereum a quite decent hedge.==

Two of these things are not like the others.

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Re:MicroStrategy Adopts Bitcoin as Primary Treasury Reserve ... by macspoofing on Tuesday August 11, 2020 @11:50AM (#24121667)
>What if sentiment is blue-pilled and holding dollars is actually the gamble?

Even if you have no confidence in the dollar, doesn't mean Bitcoin or crypto currencies are a good alternative.

>And hard money like gold, silver, Bitcoin or Ethereum a quite decent hedge.

That is a strong statement. There is no evidence that crypto currencies are a 'decent hedge' for anything.

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