Here's the thing, when you have deep enough pockets you can move walls.
Those walls are not there because of sell pressure they are there because they are trying to keep the price down while they accumulate and when you have deep enough pockets and don't let the price drop for those trying to accumulate and they realize they are losing more coins then they are making with that tactic then they allow the walls to move up and try again.
IOW Saylor is doing his part and if everyone just bought the dips then no-one would be supporting the price.
He is literally proving to the deep pockets of the world you can buy the top and still profit over time.
For now he looks good.
The question is if we drop to 49k and are under his dca price of 56k what happens to him then.
Of course maybe we go to 200k and he offloads a bit to take away some heat.
Since we all know there are 21mill coins what happens in next year will be very interesting.
Have to say he is making a statement by adding and adding and adding.
It's a self fulfilling prophecy, the more he convinces its inevitable the less chance of it going down and when it does and comes out the other side in profits he says see I told you, get in now before the next wave.
Its no different than what this thread has been doing for years, its only on a larger scale and proving it can be done on the worst side of the accumulation.
He is proving that it doesn't matter when you get in as long as your in.
If this thread would be so aggressive, peeps would have been wiped out.
If you average buy so your cost basis is 56% of the peak and then, say, it theoretically drops 50%...you would be essentially in the negative asset value territory.
In 2001 I had margin and then the asset i bet on declined 75% in days during the internet bust...I barely escaped the negative balance, but that trading account was basically wiped out...a lesson for myself: I don't "play" with margin anymore. that said, I am not sure how much he bought for debt and how much for shares.
