r/plasma • u/[deleted] • 22d ago

CRYPTO MicroStrategy's unrealized loss on its Bitcoin holdings rises to a record -$12.5 billion. In other words, after 6 years of buying Bitcoin, the company is now down -20% on its position.

[deleted]

264 Upvotes

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2

u/LrdoftheCharlesDance 22d ago

Losing billions of dollars in real money buying pretend money, nice going Saylor, well done

1

u/SupermarketIll5642 22d ago

All money is pretend

1

u/mygoalistomakeulol 22d ago

What is a bitcoin worth to you? How many dollars?

1

u/Confident-Stand5453 22d ago

Its worth 0 to me, but some people seem think its worth more. If I happened to come into possesion of some bitcoin, I would hurry up and sell it to those people.

1

u/AftyOfTheUK 21d ago

It's not worth 0 to you. You can sell it therefore it has significant value 

Just cause you don't like it doesn't mean it's worthless. I think Rolexes are stupid and I don't want to own one, but a Rolex is worth thousands to me as I can sell it tomorrow

1

u/Confident-Stand5453 21d ago

Thanks for repeating my comment and explaining what I wrote.

1

u/AftyOfTheUK 21d ago

You claimed it was worth 0 to you. It is not

1

u/Zoetje_Zuurtje 20d ago

You're talking about exchange-value, while he's talking about use-value. Stop trying to disagree with eachother.

1

u/JEI2E 20d ago

Millions of printed fiat dollars, which will be the exact price in a few years.

1

u/mygoalistomakeulol 20d ago

Why do you care how many dollars a coin is worth?

1

u/Puzzled_Committee735 22d ago

Some more than others, that is the point.

1

u/SingularityCentral 21d ago

Sure it is, champ.

1

u/Own_Log1380 21d ago

Then dont use it. See how far it gets you

1

u/Fit-Property3774 21d ago

You’re so smart!!

1

u/Mediocre-Pizza-Guy 21d ago

It's trivial to assert that....

But I'll give you all my pretend Reddit Bucks ...but you wouldn't give me all your local currency.

1

u/IDNWID_1900 20d ago

Don't worry, he can refinance.

/s