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Topic: Michael Saylor advices never to sell bitcoin... - page 7. (Read 1789 times)

legendary
Activity: 2520
Merit: 4355
Farewell o_e_l_e_o
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.
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.
legendary
Activity: 2898
Merit: 1823
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
.


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?

$10,000,000 Cool

Bitcoin the DIP, and HODL.

full member
Activity: 388
Merit: 162
What Michael Saylor said in my opinion is not wrong and indeed we have now seen Bitcoin's price continue to rise over time and Michael Saylor said BTC will rise to. $1 million could potentially happen in the future and I personally also believe that Bitcoin will be able to rise to $1 million. This is a wow thing... if BTC rises to $1 million, but I personally believe that one day BTC will be able to rise to $1 million. .
 Basically, this video is very motivating so that we don't regret it in the future because we didn't buy bitcoin. It seems like now is the right time to collect BTC with money that is ready to be lost. I also think that if I have cold money I want to keep collecting BTC so that when BTC is worth $1 million I already have it.
legendary
Activity: 3234
Merit: 5637
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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.


After all this time on the forum, haven't you learned anything? What Saylor realized somewhere in 2020, many of us realized many years ago and we don't ask the questions you're asking. About a year or two after Saylor announced the death of BTC, I had my first BTC - who is the bigger genius, him or me?



Besides, investing in something just to take it to the grave one day is stupid and nothing more - Saylor will never be like Satoshi no matter how hard he tries.

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?

Besides asking some basic questions that beginners ask, where did you come to the conclusion that I think Saylor will one day dump all the BTC he bought? I'm just commenting on his statements that he will never sell BTC, and some are comparing him to Satoshi because of that - nothing more than that.

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.


There's nothing to say about this because you went in the completely wrong direction, I already explained what I meant.

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.

That tweet proves that man is not as intelligent as some would like to portray him to be today, and serves as proof that he may change his mind completely in the future. I'm not too fascinated with what Saylor does, because his decisions have no impact on me or most people on this forum.

The advice to never sell BTC is definitely bad, because if everyone listened to Saylor there might not be any transactions at all or there would be very few. There are people for whom Bitcoin is much more than what it represents for Saylor, and they use it almost every day to buy or pay for something - unlike Saylor who has a bunch of fiat in his bank account and accumulates BTC from the excess money he doesn't need for his life. It is easy for him to say that he will never sell BTC, for all other ordinary people it simply does not make sense.
legendary
Activity: 1904
Merit: 1176
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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.

I think that the fact that they have recently bought bitcoin several times at highs indicates that they expect the price to rise even higher in this bull run. But their expectations may differ from expectations, I remember how it was during the last bull run, they also bought at highs expecting bitcoin to rise further, but then the bear market began, I think that this time everything will happen the same way, and for now I believe that they will not sell, although I do not agree with the strategy that Microstrategy adheres to, I would still try to buy more in the bear market and reduce purchases in the bull run.
sr. member
Activity: 938
Merit: 460
Accepted, not a bad idea, but it is better to take profits as the price goes higher because there will come a time where Bitcoin will have to cool off, this is a game in the world today, some bad news has to happen in 2026, it is part of the plan to steal from the impatience, always make sure you take profit and buy back when the price is lower, 2026 will create new opportunities.
News have good and bad news and the market has both in either bull or bear market. In a bull market there are bad news and in bear market there are good news. It is only up to people who assess these news in different markets,like in bull market bad news will be ignored and in bear market good news can be ignored or considered as nothing good.

It is too soon to talk about 2026, as a next year 2025 must be handled first. You can take profit or exit the market in 2025 or can stay here to next market cycles by holding.
hero member
Activity: 1064
Merit: 500
Accepted, not a bad idea, but it is better to take profits as the price goes higher because there will come a time where Bitcoin will have to cool off, this is a game in the world today, some bad news has to happen in 2026, it is part of the plan to steal from the impatience, always make sure you take profit and buy back when the price is lower, 2026 will create new opportunities.
legendary
Activity: 3094
Merit: 1127
As someone who is very supportive of Bitcoin and invests in it Saylor might have information that others do not. His plan might be clever way to encourage people to keep their Bitcoin which could make more people want to buy it and drive up price. Whatever his reasons Saylor strong belief in Bitcoin's future is definitely interesting.. Michael Saylor advice to keep buying Bitcoin with extra money and never sell it is very confident. He strongly believes that Bitcoin will be worth $1 million per coin one day which is impressive. It is likely that Saylor is showing that he plans to hold his Bitcoin for long time and he might even buy more.
Honestly whenever these big companies, billionaires do make out these positive calls then i do really sees up two possible things do happen.

1. Trying to hype it up so that they could sell on the moment that it would rise up.
2. Totally believes on the technology behind bitcoin.
3. Accumulation as much as they could which could turn out to be having that possible manipulation.

It is really that good to look that recognition is really that making up some even more movement with these kind of exposure specially into those people who dont know about Bitcoins existence.
The positivity on which Saylor is really that making do really give out some impact at least to those who dont know about its existence and having this kind of exposure at least will really be able to contribute
in overall relevance on which it is really that good thing for those who had invested into it or to those who have been holding for too long.
sr. member
Activity: 350
Merit: 265
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As someone who is very supportive of Bitcoin and invests in it Saylor might have information that others do not. His plan might be clever way to encourage people to keep their Bitcoin which could make more people want to buy it and drive up price. Whatever his reasons Saylor strong belief in Bitcoin's future is definitely interesting.. Michael Saylor advice to keep buying Bitcoin with extra money and never sell it is very confident. He strongly believes that Bitcoin will be worth $1 million per coin one day which is impressive. It is likely that Saylor is showing that he plans to hold his Bitcoin for long time and he might even buy more.
legendary
Activity: 2576
Merit: 1043
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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.
You know why he's advertising it not to sell it and continue buying? It's because his company, MicroStrategy is going up in value as soon as Bitcoin goes up as well. This has been explained detail by detail here in this video:
https://youtu.be/-U8RdGqu5SE?si=1Ji-HFd21oCPLsyW

I can't explain it fully, but the point is, the higher the price of Bitcoin, same goes with MicroStrategy and its stock, MSTR. I don't know how, but it seems like he created an "infinite money glitch" with the help of Bitcoin. Just look at the price of their stock right now. It's already up +591.68% year-to-date, and most of it is because of Bitcoin that's why he's telling us that we need to buy Bitcoin and don't sell it which is for me, a bit selfish on him, and a bit stupid for us investors because we will only make profits if we sell our Bitcoins.

Never sell assets? That's stupid coming from him. I know he's a big Bitcoin maximalist, but to say that we need to hold it forever? Nahhh, just don't follow him and always, always have a selling strategy.
legendary
Activity: 3080
Merit: 1353
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 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.

He did flip the switch, and he might understand it.
 
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.

I don't think that he is selling his ideas here, we already know what Bitcoin could be worth in the future. And so even retail investors already know it and they could have a strategy already of not selling their Bitcoin this bull run or will just continue to hold as long as they can before taking that profit.

But I do believed that at some point, anyone, including Michael Saylor will sell some of his/their stash to make profits. That is the game here.
legendary
Activity: 868
Merit: 952
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.

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
full member
Activity: 189
Merit: 120
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 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.
sr. member
Activity: 994
Merit: 314
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.
legendary
Activity: 1526
Merit: 1359
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.
hero member
Activity: 3038
Merit: 617
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.


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.
legendary
Activity: 3052
Merit: 1281
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.
EFS
staff
Activity: 3976
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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.
legendary
Activity: 1834
Merit: 1010
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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.
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.
hero member
Activity: 574
Merit: 554
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Even the US president elect Donald Trump made similar statements about Bitcoin a a video clips a watched recently, he said never sell your Bitcoin, so Michael Saylor is building on that path and I think this is the highest financial advise the can give to their followers, and sure this guy's will be buying Bitcoin at whatever price same with you and me, Bitcoin at $100kBTC is still very cheap, and only those who do not have the spare money to put away into Bitcoin will see Bitcoin price to be very expensive.
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 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.
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.
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