1. We wait for a pullback to buy at a better risk-reward entry point, which never offers a significantly better price—the risk of missing out on potential gains.
2. We invest now, paying the equivalent of more than twice the price of Bitcoin, and either that premium collapses, Bitcoin goes into a long bear market, or MSTR goes bankrupt or has to sell at a loss.
Risk two is far worse than risk one. We must be patient and only invest when we have an edge.
In my opinion, there are two risks to MSTR.
1. We wait for a pullback to buy at a better risk-reward entry point, which never offers a significantly better price—the risk of missing out on potential gains.
2. We invest now, paying the equivalent of more than twice the price of Bitcoin, and either that premium collapses, Bitcoin goes into a long bear market, or MSTR goes bankrupt or has to sell at a loss.
Risk two is far worse than risk one. We must be patient and only invest when we have an edge.
Thank you for your comment. I think you made some great points. Investing at today's price level certainly has more risk.