Massive Whale Buys $2.5B worth of Bitcoin.

Wakate

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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.

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.

There are other whales Bitcoin purchase that is ongoing which is going to make the price of Bitcoin keeps going bullish. Making whales are now trading Bitcoin making the price to hit close to 100k and I think there is a resistance there which is why we are still going to see the price of Bitcoin hit that level. It is not too late for us to invest in Bitcoin because the price is still going to exceed 100k to reach 150k or more by next year. The crypto market is giving us huge opportunity to make money these time around and it's obvious that many investors are going to make huge profit this bull season as the price of Bitcoin keeps going bullish.

fillippone

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Quote from: X-ray on November 24, 2024, 08:33:39 PM

would be great if his buying could make bitcoin breakout $100k level but I guess that gonna increase his dollar cost average significantly.
wonder at what price MSTR gonna buy more bitcoin since seeing current price might not be a good deal for him.

I bet he'd buy again at around $92k.

crazy how this one company just go full in to bitcoin. but their stock rapid price increase is a proof that they succeed.

Micheal Saylor is not concerned about the price.
The advertised reason is that he would buy at any price, given the vast price improvement he expects in the next twenty years.
The real reason is that he can pump his bags with every buy.

michellee

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With the fluctuating of Bitcoin price, it seems they are in a hurry buying Bitcoin. They should wait for the correction that comes yesterday and today so they can buy at a low price. But people will have their analysis and know when they should buy Bitcoin. But if they just follow what other people do, they need to accept with what will happen to Bitcoin.

Bitcoin will reach $100,000 since we are almost hit that price. While we are in the last week of this month, it seems the price will stay at this level for a while and may increase in the next months. When the price hit $100,000 people will be more hurry to buy Bitcoin because they think that the price will still increase. So you need to be careful when you wants to buy Bitcoin and no need to be in a hurry.

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The wallet address is bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh, ranked #34 on BitInfoCharts’ Bitcoin Rich List. They are frequently sending millions of dollars to Kraken, so it is probably not MicroStrategy because they don’t ever sell any BTC.

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Quote from: fillippone on November 24, 2024, 07:15:12 PM

Interesting.

Micheal Saylor has already sent the "code word" for a buy:

This means the market would have sold off more vigorously if MSTR hadn't been buying.

MicroStrategy increases note sales to $2.6B for Bitcoin purchases.

MicroStrategy already acquired more bitcoins in the last week.

Quote

MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD.

As of 11/17/2024, we hodl 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin.

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Every massive purchase that happens and documented, there's only few things that I can think of when news like that pops. And that whale typical is another institution so more likely MicroStrategy and if they're not the one, look at the other companies that have been accumulating Bitcoin ever since. So, to have a clue, they're likely the ones that have filed for Bitcoin ETFs and got approved and that's all what they want to do. Accumulate as many as they can, get a lot of benefits from the ETFs while they can and to hold it for the future that their company has. Just remember that these wealthy people and institutions are going wherever money is found.

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In the initial standings, I automatically thought of MicroStrategy, and based on the posts above, it seems like it. I am amazed at how much Saylor is going through to show people that it's worth collecting BTC. I'm just worried I'm not seeing what will happen in the future or what his plans are.

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Quote from: fillippone on November 24, 2024, 07:15:12 PM

Interesting.

Micheal Saylor has already sent the "code word" for a buy:

This means the market would have sold off more vigorously if MSTR hadn't been buying.

would be great if his buying could make bitcoin breakout $100k level but I guess that gonna increase his dollar cost average significantly.
wonder at what price MSTR gonna buy more bitcoin since seeing current price might not be a good deal for him.

I bet he'd buy again at around $92k.

crazy how this one company just go full in to bitcoin. but their stock rapid price increase is a proof that they succeed.

fillippone

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Interesting.

Micheal Saylor has already sent the "code word" for a buy:

This means the market would have sold off more vigorously if MSTR hadn't been buying.

Rabata

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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.

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.

The Bitcoin market is growing that means the number of holders is increasing, and the demand for Bitcoin is increasing. It is still difficult to predict where Bitcoin will go in the next few years. If we look at the case of MicroStrategy, a large holder of Bitcoin, they are constantly accumulating Bitcoin and will continue to do so in the future. If this continues, then a large part of Bitcoin will be added to their possession and at that time, the price of Bitcoin will increase more than the current price. In addition, the number of institutional investors is also increasing all over the world. Due to which the price of Bitcoin is reach to the high movement before the expected time. The price of Bitcoin has not yet reached $100k, but many have started dreaming $1 million.

Beparanf

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Quote from: Sanitough on November 23, 2024, 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.

Typical shenanigans on telegram news channel to modify news as if they are the real source. Most of the telegram channel usually use a “trust me bro” format as source to their news. Probably, the owner of the channel is using a tracker for big buys and he created a narrative out of it without researching the identity of the buyer.

Honestly, huge buy like this is obviously from institutional investors like Microstrategy, Blackrock and more since that amount of capital can’t be spend by an individual alone on crypto.

Jawhead999

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Quote from: Ishicryptic on November 24, 2024, 08:38:03 AM

Microstrategy, and Michael Saylor, are good reasons to believe in the potentials of Bitcoin as an asset that is worth holding for a long term, the kind of money that they're using to accumulate Bitcoin is mind blowing and the man doesn't look like he's stopping anytime soon. Microstrategy, is one of the motivations to many small holders like me to believe that if individuals and institutions can hodl enormous Bitcoin without fear, then we don't have to worry about it crashing and becoming worthless in the future. Bitcoin has gained massive reputation as a store of value.

Current MicroStrategy's market cap is $91 Billion, while they've spent $16 Billion to buy Bitcoin, that means they use 1/5 of their money, it's already high enough.

Although I also believe in Bitcoin and Bitcoin will not fail, but it's not correct to invest in something just because you believe someone invest a lot money in there. Not all decision made by popular or big entity are correct.

Ishicryptic

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Quote from: MusaMohamed on November 23, 2024, 02:23:27 AM

Quote from: Ambatman on November 23, 2024, 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.

Microstrategy, and Michael Saylor, are good reasons to believe in the potentials of Bitcoin as an asset that is worth holding for a long term, the kind of money that they're using to accumulate Bitcoin is mind blowing and the man doesn't look like he's stopping anytime soon. Microstrategy, is one of the motivations to many small holders like me to believe that if individuals and institutions can hodl enormous Bitcoin without fear, then we don't have to worry about it crashing and becoming worthless in the future. Bitcoin has gained massive reputation as a store of value.

kotajikikox

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Quote from: Sanitough on November 23, 2024, 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.

If it’s just microstrategy then this isn’t really news, to be honest. Yes, the amount they are going to invest in is crazy (in a good shocking way) but we have always known that Michael Saylor was one of the biggest fans of bitcoin and got his company to invest in bitcoin years before even before it was surging like crazy. That’s how you invest. Pick something that seems profitable, buy when it’s cheap, accumulate more, and then take profit once it’s getting valued at extreme prices.

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Quote from: BIT-BENDER on November 23, 2024, 05:33:51 AM

Quote from: slaman29 on November 23, 2024, 03:30:37 AM

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.

Ya like I said I think they are doing DCA, but that means buying all the time, and fixed period, rather than as what was posted something about the lines of 'hmm I think we need more green dots'. It to me signals a little bit like they're asking him to buy when he feels like it rather than just setting aside a budget for it every month or every quarter

Anyway, big whales, not my area

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Quote from: Sanitough on November 23, 2024, 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.

m2017

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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".

BIT-BENDER

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Quote from: slaman29 on November 23, 2024, 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 November 23, 2024, 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.

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