Massive Whale Buys $2.5B worth of Bitcoin.

lovesmayfamilis

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Quote from: Sanitough on Today at 02:18:00 AM

Why didn’t OP just mention that it’s MicroStrategy planning to increase its holdings? That would’ve made things clear right away. I’m not sure if the intent was to promote the Telegram channel, but with millions of subscribers, it doesn’t seem necessary anymore. Either way, thanks for sharing, I guess that’s the news we were looking for.

Maybe because the OP only reads one source, and it's his Telegram channel? The OP didn't even bother to find out if his telegram message was correct, as he was in a hurry to create a topic and write an obvious conclusion that bitcoin will soon reach one hundred thousand. Unfortunately, people forget that everyone has the Internet, and such news can be left outside the forum, or at least share the real source.

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Quote from: SuperBitMan on November 22, 2024, 06:13:07 PM

A major Bitcoin whale has added 25,298 BTC to their holdings, spending $2.5 billion. In the past four days alone, they purchased 3,577 BTC, further driving market sentiment toward $100,000.

Oh yeah. Let those moneybags buy bitcoin at double the price.

As if this whale didn't have money half a year ago, heh.

Quote from: SuperBitMan on November 22, 2024, 06:13:07 PM

Bitcoin will surely hit $100k is almost there and the rate that which people are rushing Bitcoin accumulation and the amount of Bitcoin they are purchasing and holding is helping to achieve this goal of $100k this year.

Of course it will. $100k, judging by the current dynamics, is far from the limit for this cycle. $120-150k - these are my supposed forecasts for ATH in this cycle. Well, not $200k, right?

In a word, the hype has begun. Everyone wants to invest when bitcoin grows. Bitcoin grows even despite the fact that some investors are liquidating their bitcoin. That is, "greed" totally dominates over "fear".

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Quote from: slaman29 on Today at 03:30:37 AM

Telegram, man, it makes me shiver with bad memories lol

Anyway MicroStrategy buying billions even near ATH, its more and more a sign that their confidence doesn't give a damn. I still think they should DCA properly, but not gonna complain if they keep dumping more money into BTC near 100k

I guess by now their directors are used to 50% dump if its temporary

Well I don't think the action from microstrategy buying Bitcoin should be something short term holders get excited about, don't get me wrong I am also excited about Bitcoin hitting and breaking that $100k mark, it will be really big for the whole crypto-currency enthusiasts.

But then I don't believe microstrategy are buying Bitcoin because it is about to hit $100k, even if Bitcoin starts to drop now to $60k micro strategy would still keep buying. I believe they are more about the future of Bitcoin.

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Quote from: hugeblack on Today at 04:21:11 AM

If by Massive Whale you mean MicroStrategy, they bought near the $60k peaks and then there was a correction so it is a good sign in the long term but it means nothing in the short term.

MicroStrategy joined Bitcoin market since the last market cycle, around September 2020. They made many purchasing rounds so far and made only one selling round on 22 December 2022, that is posisbly for accounting and tax report.

They have been in this market for two market cycles and by going through a bear market in 2022 and 2023, MicroStrategy actually understood more about Bitcoin market cycle and this makes them stronger. If they didn't shake their hands, sell their bitcoin in the last bear market, I believe they won't do it in a next bear market in 2026 and 2027. I am not naive to believe that MicroStrategy will never sell their bitcoins, it's just their marketing saying.

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Quote from: SuperBitMan on November 22, 2024, 06:13:07 PM

A major Bitcoin whale has added 25,298 BTC to their holdings, spending $2.5 billion. In the past four days alone, they purchased 3,577 BTC, further driving market sentiment toward $100,000.

If by Massive Whale you mean MicroStrategy, they bought near the $60k peaks and then there was a correction so it is a good sign in the long term but it means nothing in the short term.
Your invitation to join that Telegram channel may backfire so it is better for you to promote that channel using another way.

slaman29

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Telegram, man, it makes me shiver with bad memories lol

Anyway MicroStrategy buying billions even near ATH, its more and more a sign that their confidence doesn't give a damn. I still think they should DCA properly, but not gonna complain if they keep dumping more money into BTC near 100k

I guess by now their directors are used to 50% dump if its temporary

MusaMohamed

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Quote from: Ambatman on Today at 01:04:56 AM

This is the closest that I could get
https://cointelegraph.com/news/micro-strategy-to-sell-2-6-b-in-notes-increasing-from-1-75-b-to-fund-bitcoin-purchases

Microstrategy are planning to increase their holdings by selling some of their shares
Which should have ended Nov 21st.

MicroStrategy portfolio tracker https://saylortracker.com/

Days ago, Michael Saylor posted on X that MicroStrategy need more green dots on the Saylortracker chart.

His post is made on 17 November and I won't feel surprised if Michael Saylor and MicroStrategy invest more money into bitcoin.

Quote

I think http://saylortracker.com needs even more green dots.

Sanitough

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Quote from: Ambatman on Today at 01:04:56 AM

Quote from: Sanitough on November 22, 2024, 09:00:10 PM

Still, it’d be great if you could share a source that doesn’t require me to join that Telegram channel.

I don't know how legit this is and not a fan of relying on
news from Telegram.

This is the closest that I could get
https://cointelegraph.com/news/micro-strategy-to-sell-2-6-b-in-notes-increasing-from-1-75-b-to-fund-bitcoin-purchases

Microstrategy are planning to increase their holdings by selling some of their shares
Which should have ended Nov 21st.

Why didn’t OP just mention that it’s MicroStrategy planning to increase its holdings? That would’ve made things clear right away. I’m not sure if the intent was to promote the Telegram channel, but with millions of subscribers, it doesn’t seem necessary anymore. Either way, thanks for sharing, I guess that’s the news we were looking for.

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Quote from: Sanitough on November 22, 2024, 09:00:10 PM

Still, it’d be great if you could share a source that doesn’t require me to join that Telegram channel.

I don't know how legit this is and not a fan of relying on
news from Telegram.

This is the closest that I could get
https://cointelegraph.com/news/micro-strategy-to-sell-2-6-b-in-notes-increasing-from-1-75-b-to-fund-bitcoin-purchases

Microstrategy are planning to increase their holdings by selling some of their shares
Which should have ended Nov 21st.

Sanitough

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At first, I thought it was just another scam since scammers often use Telegram channels for their tricks. But I was surprised, the channel looks legit with nearly 2 million subscribers.

Still, it’d be great if you could share a source that doesn’t require me to join that Telegram channel.

SuperBitMan

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A major Bitcoin whale has added 25,298 BTC to their holdings, spending $2.5 billion. In the past four days alone, they purchased 3,577 BTC, further driving market sentiment toward $100,000.

Bitcoin will surely hit $100k is almost there and the rate that which people are rushing Bitcoin accumulation and the amount of Bitcoin they are purchasing and holding is helping to achieve this goal of $100k this year.

Source
https://t.me/Crypto_Pulse_Nigeria/594

Topic: Massive Whale Buys $2.5B worth of Bitcoin. (Read 127 times)