Topic: Another Win For Bitcoin (Read 269 times)

First and foremost I will like to correct you on something I noticed that you should be aware of, your quote method isn't right, I don't want to criticize you because I was once a newbie and no one is above making mistakes, it is normal but it becomes abnormal when we are not ready to learn, if you want to quote someone your writeup should be outside the box of the person you're quoting and this can only be achieved if you double click the enter key in your keyboard to give a gap between the person you're quoting and your write up, you're actually a newbie but I believe someone introduced you to this forum, yiyu should be doing yourself a favour by asking the person some questions on how to write here, it will really help you a lot.

Let me now respond to your statement, I agree with what you said, some people are just over thinking instead of allowing nature to take it cause, though the name mentioned is a highly influencial bitcoiner but that doesn't mean if him and other whales decides to sell some portion of their hodlings then Bitcoin will cease to exist I think thats a no no for me, let's understand this fact these people will not sell just like that, they manipulate the market by either buying more to boast the price or selling some portion for a kind of market correction so that some people that does not understand the settings will be pushed to sell, at this point they buy more of Bitcoin from these premature sellers, though these individuals can't control the market alone, it's a collective thing, so for me anyone that panicks because of whatever these individuals decides to do with their hodlings is doing that to his or her own detriment.

Microstrategy have come a long way in this bitcoin accumulation process and they’ve been doing it for years and using the DCA strategy to fill up their portfolios more and more. $26 billion worth of bitcoin is something very big and not anyone to come by again anytime soon with such huge investment in bitcoin. The company is well positioned for the future and can tell where the future is directed for this big asset they’ve invested big into. They as a company have really taken a bold step and it should also serve as an encouragement for all other big companies and business entities that are yet to adopt bitcoin or even see it as a dependable asset to invest into for a long time.

This year will be marking it's 4th year ever since Microstrategy bought their first Bitcoin of over 21,454 BTC in August 2020 at approximately $250 million, and as such, I don't think Microstrategy or it's CEO Michael J Saylor intend selling their portion of Bitcoin anytime soon, since we all know he is one dedicated Bitcoin maximalist who strongly believes in only Bitcoin and no other cryptocurrencies and likewise understands what the future holds for Bitcoin as a currency with the potential to dominate the decentralized digital currency space in the near future. So I don't think there is any need for anybody to start panicking about what could happen if these individuals someday decide to sell their portion of Bitcoin. Because for the fact that Bitcoin existed before Michael J Saylor bought his Bitcoin in August 2020, it will still be existing even after he sells his portion.

I don't think it is necessary bothering ourselves about their target because we can never know what their target is and even if we do, such information is not useful in any way or form. Unless you are investing to sell when they start selling theirs, which is not a smart thing to do especially if you are a long term investor. If you are watching recent developments in bitcoin, you will know that we have gotten to the point where one entity can hardly drag the market to a halt. Even if Microstrategy decided to sell their bitcoin, the price will only correct a little and recover again.

Regardless of the fact that you're speculating, I see some point in what you're saying, yes they'll definitely sale cause they can't hold forever but it's going to be a very long ride before they'll think of selling, I see Micro strategy as a company that's pictured what the future would look like with bitcoin and decided to pump lots of cash flow into it against the future, so i think they'll definitely sale but not anytime soon.

 It could be it could be in about lots of Circles let's say 3 to 4 more circles or thereabouts and I'm pretty sure they'll be on a huge profit side when they sale, moreover they won't be sale everything but some portions of their portfolio just to continue being one to the top holders in future, everyone who's understand Bitcoin well would know that's the rightful thing to do.

MicroStrategy has really built great wealth in bitcoin but i still have the feelings that they have a target and when that target is met, they will consider selling some of their bitcoins. Perhaps, as they are making news while buying a lot of bitcoins, when they sell, it will also affect the price of bitcoin.




Am also afraid as you are because so many bitcoins will now be left in the hands of these institutional investors thereby leaving individuals with few or low bitcoins in their custody which means that we can just wake up to an unfavorable news especially when they start to consistently manipulate the market.

Why do we think bitcoin is a profitable asset, or maybe we should even go around and look at the reasons behind why its always having an increasing value over time, this is because many have already discovered many things about bitcoin, which they have come into the realization of using it as the only available alternative to fiat currency, when it comes to the issues of financial economy, there is none like bitcoin, the same reason you could find out behind the steady increase of bitcoin over other long time existing financial assets, for us all, everything is working as we wanted because bitcoin continues to serve its purpose in a decentralized network, one day, we are going to discover how it will maneuver its way to the top of the ladder.

Of course in the realm of bitcoin concept, more is expected because it has proven itself of not being a most dominance cryptocurrencies but has muchly hold on evaluating incredible values that is potential of getting it holder rich and on the sequence that it can be utilized for payments globally.
It isn't late for adoptors to also come in because we're just keying in to experience a new market move comes the bull run so I don't think halving or at the Dip season is periodically set a beat timing for accumulators and newbiea who might want to purchase bitcoin to increase their incomes.

I think bitcoin is an inevitable upgrade of the fiat market. I believe that at some point, the fiat market will be completely reformatted with the help of crypto.

It's really interesting to witness the constant increase in Bitcoin that companies are holding and holding large amounts again. This is just the triangle effect - the more companies get into Bitcoin, buy Bitcoin, hold, individuals buy and hold, the more the demand in the market and the price keeps going. And this is how Bitcoin's price will keep rising.

 Just imagine how it has risen in the charts over the month, and a company is holding 26k worth of Bitcoin. That is a lot of money and a lot of investment. And indeed, when I saw it, I paused to think, 'This company is not scared. What if something goes wrong, which we are praying doesn't go wrong, and Bitcoin keeps increasing, and we make a good profit from it?' But the confidence, the risk a company is taking to hold this large amount of Bitcoin, it's another level of investment mindset.

And this is just the mindset I think anyone who wants to get into Bitcoin or any form of investment needs to have, because yes, there's nothing about investment that doesn't involve risk. And if you keep waiting, this is how opportunities like this will pass you by. So you just have to take the risk once the opportunity shows up and hope for the best. This is really big news for the Bitcoin industry.

E actually get people or institutions way know the right place to invest their money and Dem probably for get a specific amount of capital to start with but due to how dem sure about that investment opportunity, dem really want hit the market big once way any single market increase there go just give dem better profits. That na wetin Microstrategy dey do and competion don dey enter this bitcoin market whereas huge accumulators in both individuals, governments and companies just dey buy bitcoins.
This dey really contribute to this current market increase we dey call bull run like this.
The good side of am be said as dem dey invest hugely and making their profits, so we the small investors too dey push our profit counts small small.
So I gree with u say the win of bitcoin na for all holders.

Exactly, Bitcoin rise to such heights to top 7 and it's very significant milestone for Bitcoin and a testimony of people, institution and government trust, adoption and continuous accumulation of Bitcoin. Trump effects is also worth mentioning and Bitcoin would see many more prominent milestones if Trump delivers on his promise. There would be lots of buying actions and Bitcoin would be very scarce and expensive boosting the price the more and rendering previous and current investments more profitable.

Bitcoin market cap skyrocketing to $1.81B as against Saudi Aramco $1.79B led to it's overtaking it and not necessarily silver, Bitcoin overcame silver a considerable while ago, it's recent victory to top 7 is beating Saudi Aramco.

Microstrategy is not even thinking about selling any of it's bitcoins. In a recent podcast with Mike Saylor, he pointed out that microstrategy is positioned to support Bitcoin forever and he stated that himself and his company isn't thinking about selling any Bitcoin anytime soon, but is committed to accumulating more thereby reaffirming his strong conviction about Bitcoin great potentials.

Just a little pointer bro, Bitcoin is not collected, I believe accumulation is the right word used by bitcoiners in reference to their purchasing and Hodling of Bitcoin.

My brother, them get big difference between panic and excitement, however this one no be panic, how i go panic when I know the good things wey Bitcoin get to offer now and for the future, na only people wey no sabi anything about Bitcoin go panic over the wins of Bitcoiners but for this case I dey very excited say Bitcoiners are winning and I dey use am as motivation to continue my investment journey, the good news wey done dey happen this period from Trump victory to this and more to come dey enough to make any Bitcoiner happy eh show say more better days dey ahead.

 Anyways, thanks for your advise, with wetin I don learn and understand about Bitcoin so far, my hope dey alive and the success story and wins from people this year dey enough to motivate anybody to take their accumulation journey seriously till the next circle and beyond.

In fact I am not surprised at all as Bitcoin has been on a skyrocketing trend over the past few years and is very close to touching $100k and any government can trust it considering this situation. Bitcoin is said to be a volatile valuable asset and if the term volatile is gradually removed from its side over time, then governments can consider Bitcoin as a reserve instead of gold or dollars and thereby create a balance of assets.

Fear of investing can hold you back from becoming a successful investor and if you can keep yourself free from fear and keep accumulating bitcoins at regular intervals, you can become a successful investor as an individual. Bitcoin is in such a strong position today due to many small and some large institutional investments like yours.

To be honest, it's really surprising to see some of the big moves some companies are making just to have much bitcoin accumulated as part of their reserve. The reserve system has gone past the old ways where it was either gold or any other assets. 
 
On the other hand, it's kind of scary to me what will become of bitcoin (aside from the increase in value) when more institutions try to bag bitcoin as much as they can and the government joins the train too using bitcoin as a reserve. The kind of unstable price and how easily those entities can manipulate price and cause panic to the market is what I'm afraid of.

Microstrategy spotted a trend very early and bet big on it. Iirc, there was a time Microstrategy Bitcoin portfolio was below their average entry (in loss) and they got laughed out especially as they kept bidding over and over again. I'm glad to see them win because Microstrategy has been one of the few firms that believed in Bitcoin when no one else did. It's the same story with El Salvador with their bitcoin holdings. Basically everyone who believed in Bitcoin then are having the last laughs now.

This is a brilliant move, i so much love this system with the way they function, brilliance in how much they put into their investment. Bitcoin keeps winning, they understand every movement and are taking huge advantage of the market to establish lots of profit once the bull run comes. In the coming months, they will be having too many profits from their holdings, the best that could happen is them continuing holding for about 2 cycles which potentially multiplies their total amount spent on accumulating Bitcoin.

It is so wrong to see people who still doubts how authentic Bitcoin is, non of this large community would risk so much on purchasing an assets if they never saw better chances of making profits from it.

No panic, more is coming and I’m glad to see this excitement amongst the bitcoin community and if for nothing, this is a great hope for all holders and those intending and I think, at this level, there isn’t any need to panic or lose hope in bitcoin because over a very short period of time as compared to other assets, bitcoin had proven to be trustworthy and for anyone like the Microstrategy who have seen and witnessed an incredible return on their investments, I don’t think selling might be included in their plans for now.

Let’s keep the hopes alive as we also expect another magic come fours years time and this is a time to prepare for the next halving for those who might have missed out from this season

Microstrategy has always believed in Bitcoin future that's why this news does not surprise me, the have always been practicing the maximalists strategy of buying, holding and forgetting which is supposed to be the mindset of every bitcoiners that understand the future of the said asset, very soon Bitcoin will surpass many other asset because some person has started thinking towards acquiring Bitcoin and old takers are buying more Bitcoin asset just because of the recent upsurge, knowing fully well that with this kind of recent movement of Bitcoin, the future will be more bullish than it is now , though market correction my still happen but people that has been in the system will not be shaken instead they will keep buying more to reshape their portfolio to a positive path.

I think this is a great news for bitcoiners and spectators that are not ready to do the needful because of procrastination, this is the time for everyone to add more Bitcoin stack to our portfolio, the amount in question isn't a chise play, though microstrategy are one of the major players in bitcoin investment.
For me I am very optimistic about Bitcoin positive moment and I can stop doing the needful when I know that we are still in the preliminary stage of what is likely to happen in the future, at this point selling shouldn't be an option, instead of selling keep buying little by little to avoid being a victim of circumstance in the future.