Topic: Michael Saylor advices never to sell bitcoin... - page 8. (Read 1793 times)

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.

Michael Saylor is one of the most prominent bitcoin investors, and as of this writing, his company has already been holding billions of dollars in bitcoin, so his long exposure and experience in the market made him more a known advocate of bitcoin, teaching and educating people about bitcoin’s high potentials, and how valuable it is compared to others assets or investments in the market.

For that, he even convince the people to buy and hold, and never sell when there’s still no perfect timing to sell your coins.

He is smart and has a very intelligent strategy for MicroStrategy to create a mutual product among Bitcoin, its company shares and customer benefits. This business model will work and succeed if Bitcoin continues to grow in price in future cycles. It does not harm MicroStrategy and its model if Bitcoin just have a bear market like past cycles, but if Bitcoin break its bullish year trend since 2009 and start several years of bear market, this model will be broken.

As an Bitcoin investor, I don't want that super bearish scenario to appear, and maybe Michael Saylor and MicroStrategy did not believe such terrible scenario will appear too.

It's because this man is truly visionary, and could have seen what will be the future for Bitcoin. I mean though, even for average investors like the rest of us, Bitcoin could really go and pump the price.

Now if we look at what the future lies ahead, $500k is definitely our next target. It could be in the next halving or in the next, but if you got to that price, obviously, we will made a lot of profits.

So for  this bull run, others may sell, but for diamond hands like Michael Saylor, it might not the best time to sell but to continue to accumulate.

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.

Him and his cohorts and MicroStrategy is ready to sell anytime. But this man is different, if we'll give a percentage of him as someone who's going to HODL for so long, it's like 70% of actually doing it. But with 30% chance that he'd sell, don't remove that possibility since this guy runs money, a company.

Possible.

He wants to have the most Bitcoins in the world and I think that will be an asset to them not just by having it but also on their reputation and name, in record.

And I hope that him buying Bitcoin @ $1M/BTC materializes and becomes a reality soon.

His company is reaping the benefits as people continue buying Bitcoin. Although he has personally invested in Bitcoin, the biggest acquisitions have come from MicroStrategy, which used equity and convertible bonds to purchase Bitcoin. As a result, MicroStrategy's stock has surged, reportedly increasing by 500% in 2024.

Here’s the bigger picture: as Bitcoin’s value rises, it builds investor confidence, encouraging more people to buy shares. This drives up the stock price, and while Bitcoin is increasing, the company is also generating significant revenue from service fees. Additionally, its profit from Bitcoin's price increase isn’t directly tied to the exact growth of Bitcoin itself. Instead, MicroStrategy operates under a mechanism that consistently favors the company, maximizing its advantages.

Hahaha 😁 stop being a d*k bud, you can't win with this type of mindset, maybe if you will take out some time to study the biography of Michael Saylor, you did learn that at some point in his life, he was just like any of us here today, working and earning salary, but with a deep hunger for success.

You might have $0 at the moment, but if you are working and earning money, you have the opportunity to become as successful as Micheal is today, it all starts with a decision to succeed, and getting down to work, and staying determined enough to stay true to the course no matter the huddles encountered on the way to the top.

Regardless of how expensive bitcoin have become to many, it still possess the ability to change anyone financial life if we will grab the opportunity with both hands, invest what you afford periodically and stay consistent and dedicated to it, your future did be grateful to you someday for this decision.

Yes. This has been how Michael Saylor has been since he started buying bitcoin.

He is trying to let people know that if they buy bitcoin and hold for a long time, that the marketcap and the price of bitcoin will continue to appreciate and which is true.

According to arkhamintelligence, it looks like he never sold the coins he purchased, although he did send 1.5 Bitcoin and 1.6 Bitcoin to unknown address.

While El Salvador almost never sold their coins so far, it just they have 4 transactions with very little amount.

Saylor said he's live a lone and he want to be like Satoshi, if he die, then the coins he have would be counted as a lost coins, that's why he advices never to sell Bitcoin.