Michael Saylor advices never to sell bitcoin... - page 2.

betswift

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Quote from: Jon_Hodl on December 11, 2024, 01:37:02 PM

With Saylor buying as much as he does, it is only becoming more and more important for everyone to buy as much bitcoin as possible and move to cold storage as soon as possible.

Every sat that we control is a sat that can't be used to issue more paper bitcoin IOUs on centralized services like Coinbase.

Buy bitcoin. Move to cold storage. Never sell. Only spend.

True indeed.
Saylor is there to be a catalyst for some events, but we should be even better and ahead of such news.
Keep your BTC, don't indulge in giving it to third parties, and be happy.

Russlenat

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Quote from: Smack That Ace on December 12, 2024, 02:37:21 AM

Quote from: Russlenat on December 11, 2024, 10:30:42 PM

Bitcoin’s volatility will never diminish, it’s still considered highly volatile because of its fixed supply, with demand constantly fluctuating based on news and speculation. However, with one of the biggest companies in the world involved, they could potentially help stabilize Bitcoin. Big companies are less likely to panic over news, and if they control the majority of the trading volume, the reduced reactions to market noise could help lower price volatility.

Bitcoin will never be stable but its volatility will decrease over time, the larger the capitalization the lower the volatility. That's why we no longer see bitcoin being able to bring x10, x100 profits like in the early days, but in return with increasingly larger capitalization, it becomes increasingly safer.

What I mean by stable is that Bitcoin's price will only move up or down within a certain percentage range. You can compare it to human blood pressure, where there’s a specific BP range considered stable. Outside of that range, the body is at risk of complications or attacks. Similarly, stability in Bitcoin would mean minimal extreme fluctuations, keeping it within a healthy and predictable range.

Smack That Ace

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Quote from: Russlenat on December 11, 2024, 10:30:42 PM

Bitcoin’s volatility will never diminish, it’s still considered highly volatile because of its fixed supply, with demand constantly fluctuating based on news and speculation. However, with one of the biggest companies in the world involved, they could potentially help stabilize Bitcoin. Big companies are less likely to panic over news, and if they control the majority of the trading volume, the reduced reactions to market noise could help lower price volatility.

Bitcoin will never be stable but its volatility will decrease over time, the larger the capitalization the lower the volatility. That's why we no longer see bitcoin being able to bring x10, x100 profits like in the early days, but in return with increasingly larger capitalization, it becomes increasingly safer.

Quote from: Russlenat on December 11, 2024, 10:30:42 PM

Maybe you’re right... maybe they just need more time to analyze things. Still, I’m hopeful that one day they’ll make a positive decision about investing in Bitcoin.

Large corporations invest billions or hundreds of billions of dollars, so it is understandable why they are cautious in their evaluation and are not in a rush to invest in highly volatile assets like bitcoin. Also, they have many ways to make profit and safer, not just bitcoin as we think. What big investors care more about is safety because they are investing large amounts of money, unlike us who are looking for high return investments and are willing to take risks.

Russlenat

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Quote from: Smack That Ace on December 11, 2024, 05:16:02 AM

According to the report: the reason they refuse to invest in bitcoin is because they are concerned about its unpredictable volatility. This makes me wonder if they are waiting for bitcoin to become safer to invest in or are they waiting for a bear season before deciding to invest because it will be much safer for them then.

Bitcoin’s volatility will never diminish, it’s still considered highly volatile because of its fixed supply, with demand constantly fluctuating based on news and speculation. However, with one of the biggest companies in the world involved, they could potentially help stabilize Bitcoin. Big companies are less likely to panic over news, and if they control the majority of the trading volume, the reduced reactions to market noise could help lower price volatility.

Quote from: Smack That Ace on December 11, 2024, 05:16:02 AM

Even though they vetoed the idea of buying bitcoin, that doesn't mean it will never be proposed again in the future, I think at some point they will discuss the idea again and probably during the bear season. They are big corporations and their investment plans will definitely be different from ours, don't be too quick to judge or criticize them just because they haven't invested in bitcoin at this time.

Maybe you’re right... maybe they just need more time to analyze things. Still, I’m hopeful that one day they’ll make a positive decision about investing in Bitcoin.

Ale88

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Quote from: Fivestar4everMVP on December 07, 2024, 09:53:55 AM

And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?

Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.

Usually I never trust whatever a famous and/or wealthy person says because their goal is to get some kind of personal advantage. In this specific case I may somehow trust him because I think he has no kids (so nobody to leave his money) and he's already quite rich so he doesn't actually need to sell his bitcoins. I just wonder what he's final goal is since technically they belong to MicroStrategy, they are not his personal bitcoins.

cr1776

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Quote from: Fivestar4everMVP on December 07, 2024, 09:53:55 AM

Came across a video clip on telegram

https://t.me/cryptothedoggy/4060

Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..

And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?

Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.

Just don't sell for fiat. When the fiat/bitcoin price hits equilibrium in another order or two of magnitude then you can transact easier in bitcoin without the need to convert to fiat.

Sonia_123

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Michael Saylor Discusses MicroStrategy’s Bitcoin Strategy, $100k Bitcoin & MSTR Stock

MicroStrategy holds $42.5B in Bitcoin, positioning it as a long-term reserve and boosting MSTR stock as Bitcoin hits $100K.
Michael Saylor opposes selling Bitcoin, citing investor trust and the cryptocurrency’s potential for long-term wealth preservation.
Saylor urged the U.S. to sell gold for Bitcoin, claiming it could make the U.S. the world’s leading capital market and redirect global capital flows.

https://coingape.com/michael-saylor-discusses-microstrategys-bitcoin-strategy-100k-bitcoin-mstr-stock/

Rabata

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Quote from: ndutndut on December 11, 2024, 01:15:51 PM

Michael Saylor is always right in his analogy. If you mention Michael Saylor's name, we all know that he is a very famous investor and he continues to buy bitcoin because he is a visionary, he can see and believe that bitcoin is an asset of the future. So we should listen to his advice, at least do not sell before the time comes, patience is the key. He understands that Bitcoin is the foundation of all coins and bitcoin is a store of value.

If we are not involved in the market today, we may have made a big mistake. I understand that there are still many who have not invested because maybe because of ignorance, but for those who already know buying and storing bitcoin will be better besides btc can prevent inflation. Even Michael Saylor once stated the obvious. Owning bitcoin is a must, Learn now or later because it is never too late to invest in bitcoin because holding bitcoin will make you achieve financial freedom.

Not only Michael Saylor, but many people are constantly giving their advice on saving Bitcoin. Many here are taking that advice very well and are working on holding Bitcoin, while many have not taken the matter carefully. Those who collected are certainly in a good position now. The price of Bitcoin has increased a lot in the last few days. Investors have certainly become profitable during this time. However, investing in Bitcoin is not advised for this small profit. That is why a big investor like Michael Saylor does not give advice. He is expecting something from it in the long term that will reach a different height in the future.

In the coming days, those who have the ability to receive this message but did not collect their Bitcoin will regret it the most. Those who believe in Michael Saylor's message and save Bitcoin for the long term will be able to feel the results of holding Bitcoin very soon in the future. It is possible to make a very good guess if you imagine the situation from which Bitcoin has emerged over the past few years. Maybe the next target is 1 million, although this is a very big target, but gradually that target will be achieved and where the seller will be able to see its radical change within the next 1 year.

Orpichukwu

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Quote from: ? on December 11, 2024, 05:11:08 AM

That's a loss from their side in perspective.
Let them try to keep up with others in the future - they will be on the side road in that regard.

They probably just don't consider it safe to be their reserve, but that does not mean that they don't know bitcoin is worth it. Those who voted against Bitcoin from being part of their reserve might still be individual holders. Let us not get all pissed off; not all companies are ready to adopt it. They can just stick to what they know and is good for them based on how they have tried it over the years. Whenever they want to change their mind, Bitcoin is there, but it could just be bought at a higher price.

Jon_Hodl

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With Saylor buying as much as he does, it is only becoming more and more important for everyone to buy as much bitcoin as possible and move to cold storage as soon as possible.

Every sat that we control is a sat that can't be used to issue more paper bitcoin IOUs on centralized services like Coinbase.

Buy bitcoin. Move to cold storage. Never sell. Only spend.

JiiBs

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Quote from: ancafe on December 11, 2024, 06:32:16 AM

It's up to each of us to see what direction his voice is like but the most important thing is that we also don't ignore our own abilities in making efforts to improve financial improvements and if it is useful then use it and don't worry about anything that will happen.

The part where you said, not having to ignore our abilities to come by some good decisions captured me.

You know, this is what brings about over dependency and low self esteem if I might go that far. Not having to believe in yourself to make good decisions and good judgments.
We have it in us I say, we just have to know how to explore it, how to be confident in the ideas that plays out in our heads to be of good origin and in the event that they are not, we seek corrections and better plans or analysis.

ndutndut

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Michael Saylor is always right in his analogy. If you mention Michael Saylor's name, we all know that he is a very famous investor and he continues to buy bitcoin because he is a visionary, he can see and believe that bitcoin is an asset of the future. So we should listen to his advice, at least do not sell before the time comes, patience is the key. He understands that Bitcoin is the foundation of all coins and bitcoin is a store of value.

If we are not involved in the market today, we may have made a big mistake. I understand that there are still many who have not invested because maybe because of ignorance, but for those who already know buying and storing bitcoin will be better besides btc can prevent inflation. Even Michael Saylor once stated the obvious. Owning bitcoin is a must, Learn now or later because it is never too late to invest in bitcoin because holding bitcoin will make you achieve financial freedom.

Felicity_Tide

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cout << "Bitcoin";

Quote from: shield132 on December 11, 2024, 07:52:42 AM

Quote from: Fiatless on December 07, 2024, 02:50:21 PM

~snip

I don't say it's a crime to hold Bitcoins, I say that this is not the best thing to do Bitcoin if you want to do something good for the ecosystem. Many people promote the idea of buying Bitcoin and never selling and if too many people follow their advice, it won't be good.

Of course, it's not a crime to hold Bitcoin, but when we say hold, are we actually talking about holding for a time frame(long term) or for the community (eternity) ?. In as much as holding for long is always advisable, people needs to still make use of it by selling at some point. Even though I'm not too good in Economics, my common sense definitely knows that buying and selling makes every market work. And when I say holding for the community, I really doubt if 10% of Bitcoin hodlers are willing to give up their holdings and never sell.

Quote from: shield132 on December 11, 2024, 07:52:42 AM

Quote from: EFS on December 07, 2024, 03:27:52 PM

~snip

If there are constant buyers and no one is selling, then Bitcoin adoption will slow down. We have to actively send and receive Bitcoin in order to motivate companies to accept Bitcoin payments in their stores. When many stores accept Bitcoin and many people start using it, it will become more popular, and the price will automatically increase.

Exactly the point here. The price will definitely go higher, but due to the decline in the amount of Bitcoin entering the market, there will be some buying difficulties due to it's limited supply, and besides, the mining reward isn't increasing either.

shield132

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Quote from: Fiatless on December 07, 2024, 02:50:21 PM

I don't think it's a crime to hold and don't sell you Bitcoin. It's a matter of choice. There will always be people who want to sell at a given time, so if someone decides to hodl it wouldn't stop you from buying and using it as a currency. Many people just like you will sell some part of thier coins and people who decides to hold help to keep the price higher.

I don't say it's a crime to hold Bitcoins, I say that this is not the best thing to do Bitcoin if you want to do something good for the ecosystem. Many people promote the idea of buying Bitcoin and never selling and if too many people follow their advice, it won't be good.

Quote from: EFS on December 07, 2024, 03:27:52 PM

If there are constant buyers in the market and no one selling, the price will go up much faster. But I wonder how far it will go without taking any profits, realizing a little bit and then picking up again from the bottom. Even if it's not Saylor, someone will try to control the market and sell if the price gets too high. Besides, nothing rises forever.

If there are constant buyers and no one is selling, then Bitcoin adoption will slow down. We have to actively send and receive Bitcoin in order to motivate companies to accept Bitcoin payments in their stores. When many stores accept Bitcoin and many people start using it, it will become more popular, and the price will automatically increase.

fikrett

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Quote from: ancafe on December 11, 2024, 06:32:16 AM

Quote from: fikrett on December 10, 2024, 04:04:44 AM

We all view him differently, but he at least does something that benefits the BTC during its cycle.
He may do it only for his own gain in mind, however, he still accomplishes something bringing awareness to the big guys out there how things may be done.

Usually people who have influence will get a positive response from everything they talk about and that shows the positive side of their influence. Saylor is an important part now even though we don't see him as one of the reliable financial advisors but more than that his voice is a pretty important part in the formulation of bitcoin's journey and his voice will be a guide for some people who follow him. This effect is called having an influence on its own appeal and they can say something based on their observations.

It's up to each of us to see what direction his voice is like but the most important thing is that we also don't ignore our own abilities in making efforts to improve financial improvements and if it is useful then use it and don't worry about anything that will happen.

Totally.
And we should always analyze everything big figures say ourselves.
If it aligns with our views, it doesn't mean we shouldn't check them and make our opinion out of it.

ancafe

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Quote from: fikrett on December 10, 2024, 04:04:44 AM

We all view him differently, but he at least does something that benefits the BTC during its cycle.
He may do it only for his own gain in mind, however, he still accomplishes something bringing awareness to the big guys out there how things may be done.

Usually people who have influence will get a positive response from everything they talk about and that shows the positive side of their influence. Saylor is an important part now even though we don't see him as one of the reliable financial advisors but more than that his voice is a pretty important part in the formulation of bitcoin's journey and his voice will be a guide for some people who follow him. This effect is called having an influence on its own appeal and they can say something based on their observations.

It's up to each of us to see what direction his voice is like but the most important thing is that we also don't ignore our own abilities in making efforts to improve financial improvements and if it is useful then use it and don't worry about anything that will happen.

?

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Quote from: Taskford on December 11, 2024, 04:54:37 AM

Well that's their decision and I think those incident what happen to Nokia,yahoo and other platform didn't adapt to the changes will fall down.

What Microsoft did is for sure a big mistake that they would regret later on especially if there's big changes that would gonna happen for bitcoin in future.

People need to move on now on their speculation for Microsoft since they already put an end with these thoughts and shows that they are not really ready for taking good initiatives for investing on Bitcoin.

For sure Michael Saylor is disappointed with Microsoft decision since this is somehow a good opportunity for bitcoin to pump more but guess nothing happen since they decline this option.

Let Amazon reap the rewards from their initiative.
They did well, and Microsoft, just maybe, will be there too one day.
Because everybody is hopping onto the idea of creating some connection with BTC in different forms, and it will be seen more as time goes on.

fikrett

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Quote from: Smack That Ace on December 11, 2024, 05:16:02 AM

Quote from: Russlenat on December 11, 2024, 03:51:34 AM

That’s unfortunate. With this decision, they’ll likely be left behind by Amazon. Maybe they’re still waiting for the U.S. to officially make Bitcoin a strategic reserve? If that plan materializes, Bitcoin will pump, and they’ll end up buying at a much higher value than it is now.

Of course, we can’t blame them, they’ve made good decisions to reach their current level. However, Bitcoin is hard to ignore, especially since fiat will inevitably face inflation in the future, no matter which country we’re in. I’m not losing hope, though. Hopefully, they’ll realize its value in the future, better late than never investing at all.

According to the report: the reason they refuse to invest in bitcoin is because they are concerned about its unpredictable volatility. This makes me wonder if they are waiting for bitcoin to become safer to invest in or are they waiting for a bear season before deciding to invest because it will be much safer for them then.

Even though they vetoed the idea of buying bitcoin, that doesn't mean it will never be proposed again in the future, I think at some point they will discuss the idea again and probably during the bear season. They are big corporations and their investment plans will definitely be different from ours, don't be too quick to judge or criticize them just because they haven't invested in bitcoin at this time.

Big corpos are like sleeping giants - they are hard to wake, but when they do, be wary of them.
So I do believe in your words - the decision was made, but it may be changed in the future.

Smack That Ace

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Quote from: Russlenat on December 11, 2024, 03:51:34 AM

That’s unfortunate. With this decision, they’ll likely be left behind by Amazon. Maybe they’re still waiting for the U.S. to officially make Bitcoin a strategic reserve? If that plan materializes, Bitcoin will pump, and they’ll end up buying at a much higher value than it is now.

Of course, we can’t blame them, they’ve made good decisions to reach their current level. However, Bitcoin is hard to ignore, especially since fiat will inevitably face inflation in the future, no matter which country we’re in. I’m not losing hope, though. Hopefully, they’ll realize its value in the future, better late than never investing at all.

According to the report: the reason they refuse to invest in bitcoin is because they are concerned about its unpredictable volatility. This makes me wonder if they are waiting for bitcoin to become safer to invest in or are they waiting for a bear season before deciding to invest because it will be much safer for them then.

Even though they vetoed the idea of buying bitcoin, that doesn't mean it will never be proposed again in the future, I think at some point they will discuss the idea again and probably during the bear season. They are big corporations and their investment plans will definitely be different from ours, don't be too quick to judge or criticize them just because they haven't invested in bitcoin at this time.

?

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Quote from: Wind_FURY on December 11, 2024, 12:18:58 AM

-snip-
Plus Microsoft shareholders voted against buying Bitcoin as a Treasury Reserve Asset. That's OK, they will buy Bitcoin when it's $1,000,000. Keep front-running them.

That's a loss from their side in perspective.
Let them try to keep up with others in the future - they will be on the side road in that regard.

Topic: Michael Saylor advices never to sell bitcoin... - page 2. (Read 1268 times)