4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

Highs & Lows

image.png

So just to clarify, this is actually not a TradFi post.

This post is about life. Life is an adventure and the bigger the adventure, the more highs and lows you will experience.

Now life does not NEED lows and you are not GUARANTEED highs.

Sometimes good things happen to bad people and sometimes bad things happen to good people.

Even if good things can happen to bad people. That does not mean it’s worth it to do bad things to get ahead. Doing bad things for the “right” reasons is an expensive trade and it’s not worth it imo.

Life isn’t fair and sometimes life doesn’t make sense. Trying to cut corners because you believe you have been treated unfairly is an expensive trade imo.

Even if life isn’t fair, life is still an adventure.

There is always lots to do even if you have a simple lifestyle.

So you may be wondering why I have included this chart of Microstrategy.

I will get to that. So Micheal Saylor is the founder of Microstrategy.

He has been a pivotal figure at this company for its entire existence.

Micheal Saylor is very wealthy but his journey has been bumpy to say the least.

Micheal Saylor used to be a critic of Bitcoin. But Micheal Saylor does not get married to his ideas like some people do. He pivots.

He adopted Bitcoin as a treasury asset in August 2020.

Prior to August 2020, Microstrategy was a “Zombie company.”

What is a Zombie Company? A “Zombie Company” is a company that only makes enough money to operate and cover its interest expense but does not grow enough to pay off its debt.

A lot of Zombie Companies either go out of business or get bought out by another company. But Microstrategy bought Bitcoin.

At the time it was a “crazy” idea. If you look at this chart it still looks kind of crazy lol.

Most Zombie Companies are too scared to do anything bold.

But Micheal Saylor did not want to settle for mediocrity and he did something tactical and bold.

Businesses get much cheaper debt than individuals and businesses get better terms on their debt than individuals.

Micheal Saylor leveraged this idea (pun intended) to buy Bitcoin.

Micheal Saylor’s life has been one hell of an adventure.

Now Micheal Saylor is a super genius. He is very smart. Most people are not Micheal Saylor.

I dam sure am not Micheal Saylor. Like if you look into Micheal Saylor’s full history there is no way I could do what he has done over the course of his life.

I am a different person and I have my own adventure.

Now Micheal Saylor is not perfect. That first pump and collapse in the stock price back in the 1998-2000s was because the SEC accused Microstrategy of accounting fraud.

Microstrategy did not admit guilt. They paid a fine and restated their financials.

Then the dot com bubble burst.

It took a long time before Microstrategy had a major turn around. And at the end of the day, all Microstrategy did was buy Bitcoin 😅.

Now I’m not saying people should buy Bitcoin or Microstrategy by any means.

I am just pointing out things do not happen the way we expect.

Micheal Saylor worked his ass off for 20 years before his company made a comeback.

Sometimes that’s what happens. We fail but we still work our ass off until that next opportunity presents itself.

Now Microstrategy is way down from its all time highs. But that is Bitcoin for you. Lots of highs and lows.

Life has a lot of highs and lows. Sometimes we just have to wait, stay positive, and keep working.

I am not a fan of bear markets. I, just like everyone else, wish markets always went up. But that is not how life works and that’s not how markets work.

Sometimes you just have to wait for the next big opportunity and pivot when that time comes.

Cheers,
Hurt

216 upvotes 2 downvotes $7.52

Replies (84)

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next. 


  

    Technical details
    

      Operation fingerprint: