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/biz/ - Business & Finance

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50742898 No.50742898 [Reply] [Original]

Seriously, was he forced out for being a sperg on btc?

>> No.50742922

>>50742898
not yet

>> No.50742927

>>50742898
It probably had something to do with him losing the company a shit ton of money

>> No.50742942

He still works there, also still the co-owner

>> No.50742950
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50742950

>>50742898

>> No.50743030

now that he no longers holds the CEO position, he can use his stock holdings as collaterall for a big loan to buy more bitcoin

>> No.50743093

>>50742898
he makes people seethe so hard. He's unironically more wealthy, based, and successful than anyone on /biz/

>> No.50743109

>>50742898
Less of a sperg and more of a gambler that used leverage. He was the kind of mitwit that thought he could time his buys and picked the wrong times and amounts completely. Just regular DCA or some simple DCA based on moving averages would have done a much better job.

>>50742950
That is the fate of a lot of degenerate gamblers that literally gamble their company away.

>> No.50743119

>had absurdly low average buy-in price, would still be significantly in the green ever after the big crypto cash
>dumps absurd amounts of money in at the very top losing his company hundreds of millions of dollars

>> No.50743149

>>50742927
>losing the company a shit ton of money
Have they sold? Nope? Then they haven't lost anything. They have like 129k BTC at an average cost of $30k. They literally just wait until the next bull run and double or more their money.

>> No.50743180

you can read in the articles that he was put in charge of a crypto investment department of the company and will research what to do with the bitcoin

>> No.50743224
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50743224

>>50743149
>it's coming back

>> No.50743246

>>50742927
Just a billie, nothing too big

>> No.50743258

>>50743224
Yeah, yeah retard. Blah blah blah never gonna be another bull run ever again.

>> No.50743274

>>50743224
>it's coming back...
...further down

>he was just another maxi schizzo tard

>> No.50743470

>>50742898
He’s the majority voting shareholder, his companies stock is up over a 123% since they first bought bitcoin. He just wanted to have more time to do coke and bang on his yacht while orange pilling more billionaires. Cope and seeth more.

>> No.50743476

>>50743149
their position was $21k so they had to cover

>> No.50743530

>>50743180
>research what to do with the bitcoin
Ohnonono.
Nobody tell him...

>> No.50743574

>>50743476
So they just put more money in to cover. That doesn't mean they lost money.

>> No.50743592

>>50743180
>will research what to do with the bitcoin
so they're gonna cut their losses and dump their bags?

>> No.50745629

>>50743149
Thats fine for individuals but that doesn't work for public companies with quarterly earnings reports and shareholders to please

>> No.50745753

>>50742898
This guy is a huge faggot. He is seething that Vitalik shit on him on Twitter.com. Not even a Vitalik fanboy, but Saylor is a retarded maxi faggot, a total pumper, and a shitty CEO

>> No.50745840

>>50742898
Have you watched this guy talk? It's pretty obvious he's a complete lunatic, the only way to call him based is if you are on the same wavelength of delusional. He has some SJW type of energy.

>> No.50745861

>>50745629
you literally know nothing about corporate finance you dumb nigger