Topic: Michael Saylor advices never to sell bitcoin... - page 6. (Read 1268 times)

Saylor is actually a very big bitcoin investor and for someone who actually had such bag of bitcoin I think it is definitely not surprising when he talks about it not to be sold for anything like that, the more it is hodl the more scarce it is and the more expensive it becomes, Many investors will definitely not like the idea of him trying not to sell his bags but I understand his position it is just like having your precious stones who we all know will grow in value and you simply sold off just for some little or material things. As long as the situation doesn’t warrant you to sell why sell?

But does this means Saylor or Microstrategy doesn’t sell their bitcoins too, I think it is no, there are times we see outflow from their holdings and it is usually reported that they sold because I have read of them laying or paying off their loans with some payments. So they do sell off too

He was once against the technology but now has embraced it even more than the early supporters. He has persuaded his company to invest heavily in Bitcoin, which is a great move.
 
What he's trying to do is sell his idea to others for free. He is doing free promotion for the asset he so much cherishes.
 
The more money people invest and hold for long, the higher the possibility of price to increase drastically, which is something that will favour both him and the company, so just look at his advice as a marketing strategy. If you can abide by them, then go for it, but if you can't, take profit when you can.

Michael Saylor's comments are certainly logical. There is nothing new to say about him, but I think there are not many people who think the way he thinks about Bitcoin. He has been collecting Bitcoin for a long time and this trend will continue in the future. He has been able to understand that the demand for Bitcoin is increasing day by day where its supply is not increasing, which means that the demand will definitely increase there. His comments have increased the interest in investing in Bitcoin and have also confirmed that he will buy and hold more Bitcoin in the future. An investor in Bitcoin investment is currently able to buy $100k, but it is gradually going beyond the purchasing power of the ordinary people, which is why 1 million is not unrealistic now.

Due to the huge interest in Bitcoin worldwide, the price of Bitcoin has currently exceeded $100k and it is estimated that there is a possibility that it will increase even more soon. A positive American attitude towards crypto in particular will propel the industry towards big. Only those who can hold Bitcoin with a strong hand will be able to see the potential.

Like many others here, I am also pretty bullish on Bitcoin long-term.  I think if you have some coins, best thing is just to hold onto them.  More folks start holding it, price keeps going up.  Why cash out now for a little profit when down the road you could make absolute bank? Its all about stacking more Bitcoin so when mass adoption happens your profits turn massive.   

But Bitcoin is interesting because its also a currency, and more than just a store of value.  You cant pay for much with it yet and  retailers and stuff arent taking it on.  So it doesnt function as money like how the dollar does day to day.  But some people still prefer to use it for their transactions because of its security and decentralized aspect. Nothing wrong with that really.  So, I wouldnt say "never sell it." However, I do believe that holding a significant portion of your Bitcoin for long-term investment is a wise strategy.

I 2nd to that. It would be good to hold if you have source of income that will continue to flow for the rest of the time until the next cycle.
But now selling is like letting go of the opportunity to accumulate BTC, remember that the goal is to buy low sell high. You will be ignoring this law if you religiously follow his advice.

Saylor is right because he has lots of money but for us who rely being swing trader, its necessary to sell so that we can buy at a low price.

The advice is good for people who can afford not spending their BTC and can still meet the daily needs.  Bitcoin Traders are not able to follow such advice because they live in buying and selling Bitcoin taking profit from the difference between sell and buy orders.

I don't agree on not selling our holdings when it is due for profit.  We can just repurchase when the market become bearish.  If we keep on holding and not take advantage of the peak prices, we are missing big time since buying at low price and selling at higher price, rinsing and repeating can make our Bitcoin portfolio grow without adding additional outside fundings.  But yeah, it is subjective, anyone can follow what their heart desires regarding their Bitcoin holdings.

What Saylor is doing is admirable, it's great that he believes in Bitcoin and is reaping the benefits. He's right when he says that. 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.

His credentials are too good, if he advices like that, try to believe because it's one of the whales in the current market but of course be cautious, he's a whale but others are just small fish, it can be dangerous too. But on the other eide, Saylor has been super bullish on Bitcoin for how many years, so this doesn’t sound out of character for him. He’s always pushing the idea of holding btc long-term , probably because he sees Bitcoin as the ultimate asset against inflation and a broken financial system. But always DYOR, it's just a small factor for us to invest more.

Did Donald Trump make such statement? Was it when said he would never sell any seized Bitcoin in US custody? It's great to hear that he is also advicing us not to sell our Bitcoin. Michael Saylor is a strong believer of Bitcoin from all indication he has no plan of selling his hodling anytime soon.

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 understand why I shouldn't sell my Bitcoins. Besides it being a currency, it's a payment method too. I think it's smart to hold Bitcoin and I completely agree with Michael Saylor, I'm also confident that there will come a day when I'll pay one million in one Bitcoin but I think it's a crime to only hold Bitcoin and not sell it. There are people who want to use Bitcoin as a payment method and I'm also a guy who believes that if we want Bitcoin's success, we should actively pay with Bitcoin for different items and services. If we pay with Bitcoin frequently, then more and more companies will adopt it, and the more popular it will get, which will give us big numbers. My plan is to hold 60% of my coins and spend 40% of them.

Man, you are funny, very funny 😁, are you implying that Michael Saylor's main reason or goal for investing so much in bitcoin is to some day, dump it all at ones and possibly end/kill bitcoin? If this is what you mean, then you are being rediculious, what will this benefit him? I mean, what does he stand to gain from doing this?

And how do you even think that he will succeed when he's not the only influencial person holding bitcoin? Government of several countries are coming on board to buy bitcoin, and what this means is that, even if in the future, Saylor decides to dump all his bitcoins to possibly destroy its price, with several other important holders, the effect of saylor selling all his bitcoin wont be deadly, but could only cause a price decline for some time - this is assuming you are even right.

And again, no one was comparing Saylor to Satoshi, I mean, I wasn't, I didn't even mention Satoshi on my post.

And that tweet, that mean nothing, Saylor is not the only person that have tweeted such and later changed their mind, alot of people have tweeted such, possibly when they were yet to really understand the potentials of bitcoin, but later on changed their stance when they came to the realization of the true potentials of bitcoin - it's wrong to continue to judge people by their past statement, people make mistakes from wrong assumptions.

Saylor will not sell his coins even if the price is above $100K he will probably continue to buy in large quantities, so it is natural for a conglomerate to make that remark while what do we do other than HODL and sell at his time.

As it is, he will plan to HODL bitcoin more than others, but don't know how big his target is to continue HODL and when will he sell it? Still a mystery.
It seems he will not sell his bitcoin before the price of $1 million per coin.

I do think that is the man in the upper-ups who believes in it as much as to say things like that, but he is by no means the biggest enthusiast out there.
He is smart and has a belief, so he says what he thinks. He can afford it, after all.

i mean he did say that he will still be buying, no? why would he sell when he’s already rich even without bitcoin so it’s not like he’ll need to sell in order to survive all he needs to do is keep holding
he is a smart man but he is just as much of a man as we are i don’t know why people imply that he must know something we don’t when all information about bitcoin is presented on the internet all its transactions are made transparent so everything one can see is also seen by others

he just believes in bitcoin the most hence why this confidence

Michael Saylor is ultra-bullish on Bitcoin and its potential. His company MicroStrategy now owns around 402,100 Bitcoins as per the latest published data. So if he is pursuing his company to buy so much of Bitcoin, it's no wonder that he will be speaking so highly about it. That's fair! Since he has invested so much into this particular asset and still buying, I am sure he is planning to hold it for a long time.

But I don't doubt it somehow because if we have seen the previous bull cycles Bitcoin has gone through, it is not impossible for Bitcoin to reach a million dollar. But the question is, will it happen during our lifetime? Probably not!

That is just from Michael Saylor’s  point of view, the end decision relies on the investor itself. However, there’s no wrong if we believe on him, because he’s been supportive to bitcoin eversince he take risk in bitcoin investment. His bitcoin knowledge and wisdom are quite larger than us, that’s why he had accumulated already a massive amount of bitcoin and had no plans to sell them.

But as for me, there’s no wrong if you sell for profits, what is more frustrating is that if you buy high and keep hodling until now, but suddenly decided to sell when bitcoin price has already dump and slowly returning to its lower price.

Michael Saylor's advice is perfect for wealthy businessmen who have a lot of non-moving assets. For investors who can only afford to buy in small amounts, it is less suitable if they do not sell when the price of Bitcoin traded in the market has passed a high percentage of the purchase price. Even I can't afford not to sell when the price has gone up so much from the purchase price.
Although I know that being able to hold on without selling would bring me a lot of benefits.

It could be his way.

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.

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.

Who knows what he is up to? He is a billionaire and we are not. His playing the big game. He bought lots of bitcoins and some of that money (probably most of it) belong to his investors. So, If he loses money on bitcoin, his investors will be very angry at him. He has a responsibility to his investors imo. Do he really want us to make money? That's the big question. Because usually small time investors lose money in these markets and big traders make money. Is it possible for both small and big investors to make money at the same time? That's where I get confused a bit. I want to trust him but what if he is playing us? He changed his decision before and I don't blame him. He seems to like bitcoin now. What if he decides to change his position again? Never say never.

Is it bad that I don't know him? Anyway, he seems overly confident about Bitcoin, and speculates that it'll eventually reach as high as $1B per coin, which is an overly confident prediction. I don't doubt it myself, it might happen in the distant future, perhaps 8-10 years from now. I don't understand what's the point of never selling thought, what are you going to do with it, provided that it has skyrocketed in the next few years? Accumulating it only and not cashing it out at some point doesn't sound like a reasonable plan to me.