Michael Saylor advices never to sell bitcoin... - page 5.

fikrett

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Quote from: Princess Leah on December 09, 2024, 02:50:44 AM

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.

There are people who strongly believes in the potential of Bitcoin, I mean they see lots of opportunities to make more wealth from it and if patience is the price they got to pay, they're willing to ride along. Saylor is one of those people, a very strong believer of Bitcoin, even before Bitcoin got to the present ATH he's been hoarding and has refused to sell not even a little portion of what he's holding.

Although it would take a very long while before the price of Bitcoin hits $1m and I'll be very suprised if Microstrategy holds for that long, they're positive on long-term holding but holding till Bitcoin gets to $1m would be mind blowing, anyways I see Saylor as my mentor and through him I've learnt to be very patient with certain things especially Bitcoin.

MS knows where to put their faith on, that's it, simple as that.
And as time goes on, it will be proven again and again that it was the right decision.
Not without some dips, corrections, and instability - but it will be beneficial to them, that's why the do things they do.

betswift

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Quote from: Wind_FURY on December 09, 2024, 05:12:23 AM

It's not merely about what they, or we, "know". It's actually about what kind of financial system the whole world is currently in right now. That's why it's IS, not "know". Whether we "know" or not, Bitcoin will continue to surge to night all time highs because the money-printer will always go BRRRRRRR, expanding the Central Banks' balance sheet.

We don't need "belief" in the future of the price of Bitcoin. - That's already assured by the money-printer.

Maybe you are right.
After all - they turn fiat into BTC, and that's always good in my book.
Let them have their beliefs, especially if it benefits BTC.

?

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Merit: -

Quote from: PX-Z on December 08, 2024, 06:56:57 PM

Quote from: Synchronice on December 08, 2024, 06:36:50 PM

It's quite funny how he advices people to not sell Bitcoin but he wants to buy Bitcoin. If people take his advice seriously, then who is there to sell the Bitcoin? It's quite funny Cheesy

Exchanges? OTC exchanges are common for huge amount of buy orders. But yes, in terms of logic, you cannot buy if no one sells, especially in trading spot or p2p, so yeah you're right. But i think what he wants is to don't sell totally your holdings. His ideals are for the majority but thinking that he is just another business man, there will be the time that he will be the cause of bitcoin dumping knowing how many bitcoin his and his company holdings.

His idea is to see BTC for what it is - and hold it.
He can't force you to do something with your BTC, but he wants you to hold it in the long term.
Quite logical if you ask me.
You are the one who seals the fate of your assets.

Wind_FURY

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Quote from: tranthidung on December 08, 2024, 07:41:33 AM

Quote from: Wind_FURY on December 08, 2024, 07:13:47 AM

You are curious? Ser, in what price-point is Chad Saylor's latest Bitcoin purchase? I believe MicroStrategy made an aggressive purchase of 15,000 Bitcoins between November 25 and December 1. Those are prices that are over $90,000 per Bitcoin and you ask if it's his way of letting us know that he's not going to sell? He definitely WILL NOT sell, and Bitcoin surging to $100,000 makes $1,000,000 a good possibility within two or three cycles. When it reaches that price-point because of non-stop money-printing by the Central Banks, where would Bitcoin go from there?

The purchase report.

A post on X: https://x.com/saylor/status/1863569873713955156
A more detailed report on MicroStrategy website: https://www.microstrategy.com/press/microstrategy-acquires-15400-btc-achieves-btc-yield-38-qtd-and-63-ytd-now-holds-402100-btc_12-02-2024

According to reports, the average purchase price of 15,400 BTC is $95 976.

I read some posts that considering Michael Saylor and MicroStrategy is like a troller, because they are ready to buy at top, at least they know it's temporary top, they don't hesitate with their purchases.

I understand that they have reasons to do this, by their very strong belief in future of Bitcoin.

It's not merely about what they, or we, "know". It's actually about what kind of financial system the whole world is currently in right now. That's why it's IS, not "know". Whether we "know" or not, Bitcoin will continue to surge to night all time highs because the money-printer will always go BRRRRRRR, expanding the Central Banks' balance sheet.

We don't need "belief" in the future of the price of Bitcoin. - That's already assured by the money-printer.

Princess Leah

member

Activity: 194

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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.

There are people who strongly believes in the potential of Bitcoin, I mean they see lots of opportunities to make more wealth from it and if patience is the price they got to pay, they're willing to ride along. Saylor is one of those people, a very strong believer of Bitcoin, even before Bitcoin got to the present ATH he's been hoarding and has refused to sell not even a little portion of what he's holding.

Although it would take a very long while before the price of Bitcoin hits $1m and I'll be very suprised if Microstrategy holds for that long, they're positive on long-term holding but holding till Bitcoin gets to $1m would be mind blowing, anyways I see Saylor as my mentor and through him I've learnt to be very patient with certain things especially Bitcoin.

tread93

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Activity: 1386

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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.

Saylor has built a bitcoin buying machine of a company with Microstrategy. I am beginning to think that his Microstrategy was to buy Bitcoin and become a bitcoin treasury from the beginning, maybe he should change the name of his company to Macrostrategy or Bitstrategy becasue this man is a full on bitcoin titan. I know there are some folks here who don't exactly like Saylor but you've got to tip your hat the the man he is one of the folks helping to pave the way for mainstream adoption & everyone is taking his bait right now... Microsoft, who is next? Instert next industry titan here.

graphite

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do any of your guys have concerns with microstrategy trying to own 5% of the bitcoins supply? Seems that this whole thing is antithetical to the original idea of bitcoin. microstrategy is trying to become a centralized source of bitcoin much like a bank. what happened to not your keys not your crypto?

BADecker

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^^^ The difference is when the market IS bullish forever.

Cool

SilverCryptoBullet

full member

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Quote from: BADecker on December 08, 2024, 07:50:07 PM

That's good advice,never to sell. that way my Btc will maintain its value until I want to sell.

Btw, since I am using both the USD and Bitcoin, which am I selling and which am I buying when I transact a sale? If I buy Bitcoin, am I really selling dollars?

Cool

Whales always try to make retail investors and traders feel like the market is bullish forever and bearish market will never come. They do it intentionally to maintain hype in community for a Distribution Phase with which they take profit and exit the market. With big capital, they can not exit the market with only one sell order and within a day, they need a long time so that a Distribution Phase is necessary for their exit.

Four phases of Cryptocurrency market cycle.
The psychological pitfalls of a market cycle.

BADecker

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That's good advice,never to sell. that way my Btc will maintain its value until I want to sell.

Btw, since I am using both the USD and Bitcoin, which am I selling and which am I buying when I transact a sale? If I buy Bitcoin, am I really selling dollars?

Cool

PX-Z

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Activity: 1554

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Wallet transaction notifier @txnNotifierBot

Quote from: Synchronice on December 08, 2024, 06:36:50 PM

It's quite funny how he advices people to not sell Bitcoin but he wants to buy Bitcoin. If people take his advice seriously, then who is there to sell the Bitcoin? It's quite funny Cheesy

Exchanges? OTC exchanges are common for huge amount of buy orders. But yes, in terms of logic, you cannot buy if no one sells, especially in trading spot or p2p, so yeah you're right. But i think what he wants is to don't sell totally your holdings. His ideals are for the majority but thinking that he is just another business man, there will be the time that he will be the cause of bitcoin dumping knowing how many bitcoin his and his company holdings.

Synchronice

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Watch Bitcoin Documentary - https://t.ly/v0Nim

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.

It's quite funny how he advices people to not sell Bitcoin but he wants to buy Bitcoin. If people take his advice seriously, then who is there to sell the Bitcoin? It's quite funny Cheesy

He is definitely a smart man. The time when he got involved in Bitcoin was ideal timing for a man who owns a billion dollar worth business. He didn't risk blindly but carefully analyzed the market and Bitcoin's potential in the upcoming years and it's clear that he is doing right. I also believe that there will be time when Bitcoin will worth 1 million dollar. Maybe it sounds fantasy for some people but there will come time when it will become the reserve like a gold for many people. Countries will have physical (Gold) and digital (Bitcoin) reserves to back their currencies.

Miles2006

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His aim is not my business as for many that will stick to the advice provided will earn profit. At least if bitcoin investors keep spreading this news to wide audience I believe a lot of people will love to buy and hold than chasing after quick profit. It’s not about any secret he claim to know or people intend to spread probably he knows the benefit if not he’s reaping the benefits now, invest and expect the best.
Michael Saylor is known for buying in bulk as usual so I’m not surprised, there’s always a room to criticize yet I’m looking forward to the best side besides everyone wants the best for bitcoin in general.

RockBell

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Underestimate- nothing

Quote from: Swordsoffreedom on December 07, 2024, 11:31:18 AM

In the financial markets, there will be winners and losers, there is never a scenario where everyone wins. You are right, he is playing the bigger game, he is considered a big whale in the market and the liquidity of these whales comes from small fish like us (retail investors). So not only him but any advice from experts, big investors in the market is not trustworthy for me.

They will definitely be two faces so it's one face at a time and it is not always thay you get lucky when it comes to bitcoin investment and you are suppose to be aware that there periods that you make money and there are periods that you lose money, and whales are smart and sometimes I wonder if they will have the intention of selling because the amount some of them hold if they should sell there is no way that it won't affect the market, but the statement of never to sell is what is surprising me, then why is it called an investment if the priority is not to sell.

Quote

We often dismiss bitcoin analysis or predictions from experts, advisors...but it's strange to see how easily people believe what Michael Saylor says. Don't forget that they are just like us, they are all here for their own profit, not for everyone's profit.

People don't want to take all this analysis seriously they take if for granted and that is why at some point some people sell before the prices appreciate, and they always feel that most this prediction are false but it's not there was prediction it will hit 100k and it did, and even saylor are like us they have a reason why they say don't sell now since they are big time investors.

coolcoinz

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Watch out because Saylor has become a guru of bitcoin and people are praising him like he's some kind of oracle, but he's just a simple man who made some mistakes in his life.
Don't forget that Saylor invested in the dotcom bubble and lost a lot of money when it popped. He was also wrong about bitcoin for years and criticized it. If past performance tells us something about the future, we can expect Saylor to be wrong again.

By all means, own bitcoin, I sore do, but don't think you can pull off what Saylor is doing, which is selling stock and buying more bitcoin with that money. He's raising his company's valuation this way but it will have to stop at some point. Maybe it will be because of bitcoin, but maybe people will decide they prefer to buy bitcoin and not MSTR.
Spend bitcoin when you need to, don't hold it forever hoping Saylor doesn't rug pull.

Smartprofit

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Catalog Websites

There are people with different characters and temperaments among American investors. There are conservative investors. There are adventurers.

Michael Saylor, in my opinion, is a person inclined to risk and adventure. As far as I know, he used to trade traditional assets, and now he has bet on investing in bitcoin. At the same time, he not only buys bitcoin, but also issues shares and bonds (this allows him to buy the first cryptocurrency without spending his own money). His buying strategy is very aggressive - he buys the asset at any price.

Perhaps he expects that the first cryptocurrency will be accepted in the US as a reserve asset (and indeed, this is actively discussed). In this case, he can even sell his bitcoins to the US government.

aylabadia05

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Michael Saylor is one of the bitcoin holders and investors who is most optimistic about the future of bitcoin. He not only thinks about how much return can be generated from his investment, but also thinks about how bitcoin is revolutionizing many things in corporate finance and the economy. I don't know exactly what his real mission is, but I really admire him as one of the biggest investors in bitcoin.

BABY SHOES

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HODL - BTC

Quote from: Natalim on December 08, 2024, 10:04:04 AM

Michael Saylor has been keeping significant amount of bitcoin, and even the company itself which is managed by Saylor has deeply focused on buying and accumulating more bitcoin and hold them as longer as possible, selling could not be the best option for now.

That’s the reason why he is also exerting efforts to convince the audience to shift into bitcoin investment and stick to it. He knows the high potentials of bitcoin, that’s why he is sharing it to all those potential and aspiring investors.

He is a big HODLer because he has bought a lot of bitcoin and this cannot be done by some institutions let alone share details about his holdings... maybe you are right he is still not thinking of selling it he wants to see bitcoin to $500K and $1M according to his predictions first.

He may be strong enough to last a long time, while we as retail investors who are looking for modest profits will take when the profits are already there... like now $100K already looks high but retail investors may survive until the price of $150K.

Huppercase

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

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.

He can do whatever he want with his bag but telling others not to sell is his opinion but people will do whatever they want to do with their Bitcoin regardless as everyone in invested for various reasons. He wouldn't say all the money invested into Bi is his own personal money, those funds cane's from different place and they might be bullish too but one day is one day, they will sell when the need airse. However, I likes his encouragement to people to have faith in the market.

A time will come when sell from individuals will not have any effects on the market but then again, the government has to make it official that they want to have Bitcoin as reserved. Like the way people are speculating about US, if that get approval and Kik start. If Microstrategy want to cashout billions on his Bitcoin, the market will shake but it will not crash the way it does anytime old wallets moves coins from one wallet to another wallet.

Z-tight

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Wheel of Whales 🐳

I don't really like to discuss what other people do with their BTC, even if it is Michael Saylor, at one point he never believed in BTC and if you had asked him then, he would have said nobody should buy BTC, lol. People will surely sell or spend BTC, that is not going to stop, everyone isn't simply going to hold it like it isn't money, cause it is. Lastly, i don't think he knows anything that we do not know about BTC.

Topic: Michael Saylor advices never to sell bitcoin... - page 5. (Read 1651 times)