Michael Saylor advices never to sell bitcoin... - page 9.

SquirrelJulietGarden

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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?

He can do whatever he wants with his money, and with money of MicroStrategy, he has to receive enough consensus in the company board members, but he and MicroStrategy have different financial conditions than you or me. It's good to see him and his company with very strong belief in Bitcoin, like "Bitcoin is the end game" and their diamond hands to buy and hold bitcoins.

For us, it's up to us for consideration of our own financial conditions with which we will have to make our financial plans, investment plans that can be different than Michael Saylor and MicroStrategy. We can invest our money in bitcoin, do DCA too, but we will come to time of taking profit in future. Because we are not rich like them, and we will have to need money to use in future.

If you are rich already, you can invest similarly to Michael Saylor and MicroStrategy.

AbuBhakar

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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.

Your interpretation is correct but we know that he is a businessman man which means he is holding for the profit. It can also mean that we should buy more and hold so that he can have more profit or there will be enough liquidity for him to take profit properly.

We can’t denied that big player like Saylor will soon turn like Elon Musk that sell off his holdings once he have opportunity to do it because they are here to make profit not to pure hold.

I doubt he will take profit in bulk but I doubt either that he will keep on purchasing without considering on taking profit.

Wiwo

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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.

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.

But in the future when there is a lot of cash flow and excess cash, we can comfortably put $1 million on Bitcoin without looking back or thinking twice, the joy then is that we have the money to keep stocking up more Bitcoins regardless of the price, Saylor is someone who have been bullish on Bitcoin for all his life so I am not surprised by this statement,

On the selling of his Bitcoin starch, I think that one will be story for another day since that decision rely solely on him and the condition that could push him into considering selling some of his Bitcoin at anytime.

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Quote from: OmegaStarScream on December 07, 2024, 10:05:54 AM

So when he says he's not going to sell, I kind of trust his words... but then you never know if he can ever be forced to do so since the money is not from his own pocket. It's the company's.

Until not long ago you could trust him because he had more than 50% of the voting power, which he recently lost.

Until not long ago you could trust him because he had more than 50% of the voting power, which he recently lost. But I am not worried because on the one hand those of us who own MSTR shares know that the company's success lies in buying bitcoin and never selling it, and we are not going shoot ourselves in the foot. And on the other hand many large companies are controlled with much less than 50% of the voting power.

Knight Hider

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Michael Saylor's net worth is $9 billion. My net worth is $0.000003 billion. His advice doesn't help me.

Frankolala

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Michael Saylor is taking advantage of the opportunity he has now to buy a lot of bitcoin since he can accumulate at a cheaper rate compared to when bitcoin price becomes very expensive. He understands that bitcoin is the new generation asset which the value is still increasing due to its limited supply and decentralized nature. He is an economist and understands that due to bitcoin potentials and trust on the project, more people will continue to adopt bitcoin for the safety of their future, since fiat is getting weak.

OmegaStarScream

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He surely seems to have a strong conviction and he also somehow managed to persuade the shareholders of his company.

Because if we look at the Michael Saylor tracker: https://saylortracker.com/

You can see that there were times where a lot of people could've easily changed their minds, and pulled the plug out.

Is he around circles that the average bitcoin holder isn't? Sure. Does he know things we don't know? Probably. But I don't think it's anything of significance or that would influence his decisions... After all, the guy has been buying for years now.

So when he says he's not going to sell, I kind of trust his words... but then you never know if he can ever be forced to do so since the money is not from his own pocket. It's the company's.

Odohu

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Michael Saylor is so far an important person when it comes to Bitcoin so base on his success at MicroStrategy, he is by all standard qualified to advice people on how to approach Bitcoin investment. Furthermore, his advice is exactly what he is doing some is walking the talk and not those who propound theories they don't follow. Finally, if Michael Saylor says Bitcoin will reach $1 million, I will no doubt because there are multiple indications that it will happen. So I will encourage everyone to invest their spared money wisely just like MicroStrategy is doing... follow the whales.

Fivestar4everMVP

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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.

Topic: Michael Saylor advices never to sell bitcoin... - page 9. (Read 1781 times)