Michael Saylor is telling people to buy no matter what happens with the market. It works for him (so far) because he can afford to do that. Even if his company fails, he probably has a few millions stashed away for some worst case scenario. This man will never work from paycheck to paycheck.
Poor or middle class people are in a vastly different situation than him, they need to be more careful with how they make investments. There was a post on reddit about a guy who watched to much Saylor's videos, though that Bitcoin will be going up and up, so he started doing leveraged trading and lost all his savings.
Topic: Michael Saylor and bitcoin (Read 440 times)
As far as recommendations to buy BTC are concerned, I would recommend that you refrain from doing so. The fact is that no one can know what will happen to Bitoin and its price, which means that if you recommend your friend to buy BTC and the price of BTC goes down, then you will probably be accused of losing money later. I would advise not to give recommendations on buying, but on the contrary, to give recommendations on the study of what BTC and the crypto market are, plus to study the history of the development of the crypto market and BTC. In other words, it is best to give information on the study, and let everyone choose to buy BTC or not. It happens that you recommend and a person without information buys and eventually loses, and this is bad for relationships and friendship.
Why are we talking about 2036 when, by the end of this decade, 99% of all BTC will be in circulation - and 1% (210 000 BTC) will remain for the next 100+ years? Likewise, if Saylor and his company continue to shop at the current rate, they will have much more than 160 000 BTC in 14 years - just 10 000 BTC a year would mean 260 000 BTC by 2036.
We don't know about their plans in details but I believe with their belief in Bitcoin, they will stack up more satoshis and Bitcoins for their portfolio. The unknown thing is how fast or slow will they stack up more.Your calculation is right and this figure given is helpful to convince people that there are not many Bitcoin for all people on Earth. Only Microstrategy can buy many Bitcoin when it is cheap in their perspective. If more big institutional investors join the market, big party will be triggered. But in order to be part of future party, people should own Bitcoin or fragment of Bitcoin.
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All this under the assumption that investing in Bitcoin will continue to be profitable, and more importantly, that Saylor will be alive by then - although he is still relatively young (57 years old).
I wish him the best with his health but MicroStrategy have management structure to keep going with or without Saylor. that can be done, and indeed he can also be used as an example of how bitcoin is loved because until now Michael Saylor is one of the most vocal people in supporting bitcoin.
but of course we also have to be able to filter because indeed Saylor's adoption is very risky because indeed he even suggests borrowing money to invest here and this is of course risky
You do not have to follow his suggestion about borrowing money to invest in bitcoin because we never know what risk we can get while we use that money. It is better to use our own money, manage it, grow it, and profit from that because that will be safer for us without paying back the money. Besides that, we are learning to manage our money by having the bitcoin investment and accumulating more bitcoin for our future. We can use what he said but we need to divide what is really good for us and not use it without research furthermore.but of course we also have to be able to filter because indeed Saylor's adoption is very risky because indeed he even suggests borrowing money to invest here and this is of course risky
indeed borrowing money is okay but maybe you should be able to be prepared with monthly installments that must be paid and interest, besides that you also have to face risks because the profits in short-term investments are very small and maybe even bitcoin itself is not really recommended
Michael Saylor only pumps by promoting it when the price starts to drop and he buys more because he wants to protect his investment, Michael Saylor is an altruistic and idealistic Bitcoin promoter and founded MicroStrategy and bitcoin is hope.
and he tries to hypnotize everyone to get involved with bitcoin and give positive news to attract it, maybe for easy newbies but not for those who have been in this industry for a long time because they already know what developments are going on and also Michael Saylor who is very familiar with bitcoins.
and he tries to hypnotize everyone to get involved with bitcoin and give positive news to attract it, maybe for easy newbies but not for those who have been in this industry for a long time because they already know what developments are going on and also Michael Saylor who is very familiar with bitcoins.
that can be done, and indeed he can also be used as an example of how bitcoin is loved because until now Michael Saylor is one of the most vocal people in supporting bitcoin.
but of course we also have to be able to filter because indeed Saylor's adoption is very risky because indeed he even suggests borrowing money to invest here and this is of course risky
You do not have to follow his suggestion about borrowing money to invest in bitcoin because we never know what risk we can get while we use that money. It is better to use our own money, manage it, grow it, and profit from that because that will be safer for us without paying back the money. Besides that, we are learning to manage our money by having the bitcoin investment and accumulating more bitcoin for our future. We can use what he said but we need to divide what is really good for us and not use it without research furthermore. but of course we also have to be able to filter because indeed Saylor's adoption is very risky because indeed he even suggests borrowing money to invest here and this is of course risky
I wouldn't send them just that though as too much positivity might make the person that you're introducing to bitcoin get delusional to the point that they might think that there's only positives in bitcoin and that there's no other things that could possibly happen to them besides taking a profit. Maybe a mixture of other people talking about bitcoin might help and you can probably tell them to form their own opinions on the matter too so as to help them decide for themselves.
After reading the comments above, I began to understand that his videos may not be suitable for beginners or for someone with a weak financial background or far from investment.
In fact, I did not hear many of his videos because I like to hear people who have a negative view of Bitcoin, but what distinguishes of Michael Saylor is that he does not talk much about altcoins and quick profit, which is something you rarely find in YouTube channels.
aantonop's videos are good but somewhat technical and not for someone who is a beginner and wants to invest.
In fact, I did not hear many of his videos because I like to hear people who have a negative view of Bitcoin, but what distinguishes of Michael Saylor is that he does not talk much about altcoins and quick profit, which is something you rarely find in YouTube channels.
aantonop's videos are good but somewhat technical and not for someone who is a beginner and wants to invest.
You are not a newbie in the cryptospace, you should know why Michael Saylor is not talking about altcoins. This is because he does not hold any altcoin hehehe. However, if Michael the Sailor was holding dogecoin, we can be quite certain that he will be acting the like a high priest preaching his religion to his followers.
that can be done, and indeed he can also be used as an example of how bitcoin is loved because until now Michael Saylor is one of the most vocal people in supporting bitcoin.
but of course we also have to be able to filter because indeed Saylor's adoption is very risky because indeed he even suggests borrowing money to invest here and this is of course risky
but of course we also have to be able to filter because indeed Saylor's adoption is very risky because indeed he even suggests borrowing money to invest here and this is of course risky
I'll say yes. Michael Saylor has been a solid Bitcoin guy. He believes in the tech and he is not only talk. He also walks his talk and actually buying the dips. Maybe he doesn't know the technical side of crypto as Andreas does but let's be honest, the audience isn't always interested in the technical side of the things. Michael has been one of the best things that happened to bitcoin.
I don't think you should forward directly these videos. We are all positive about Bitcoin but it doesn't mean our friends or family will be positive as well just by watching this video. First of all, you need to explain how Bitcoin works and the risk of Bitcoin volatility. Otherwise, they would regret during the dump of Bitcoin price. Then you may give an example of some institutional investors and their thoughts. So they would realize about the environment. I am not taking it negatively but before that, they should have a basic idea about the Bitcoin environment.
If you just search "bitcoin" on YT, everything that pops up is made by people trying to sell you on get-rich-quick schemes.
I really support your words, youtube is filled with content creators who don't educate well but only promise practical benefits and it turns out to be just a scam. To study BTC requires research that is quite complicated, not just listening to the words of person A or person B because we will never know they are only part of market manipulation or purely educational. Saylor was by far a Whales, so after all her actions were only to secure her investment conditions. Don't let his actions push the red market and threaten the value of his investment. It's only natural that he continues to say positive because of the proportion of his BTC holdings.
0.5% of max supply is not big but if we know that in 2036, there will be about 160k Bitcoin in future supply for mining, 120k BTC at the moment is great. Just next 14 years and it will become almost a whole amount of Bitcoin in future supply. I believe in 14 more years, Saylor and MicroStrategy will buy more Bitcoin and will have more than 160k Bitcoin in 2036.
Why are we talking about 2036 when, by the end of this decade, 99% of all BTC will be in circulation - and 1% (210 000 BTC) will remain for the next 100+ years? Likewise, if Saylor and his company continue to shop at the current rate, they will have much more than 160 000 BTC in 14 years - just 10 000 BTC a year would mean 260 000 BTC by 2036.
All this under the assumption that investing in Bitcoin will continue to be profitable, and more importantly, that Saylor will be alive by then - although he is still relatively young (57 years old).
Also 120 000 BTC is not a big share, hardly a little more than 0.5% of the max supply. Also, don't be surprised if Saylor decides to change tactics at some point - I'd like to see him hold BTC in case an even bigger correction to the current price occurs, say 50%.
He and Micro Strategy bought up many dips so 50% dips if occur will not be skipped. They will seriously to invest more in Bitcoin especially if they have opportunities to buy 50% discount.0.5% of max supply is not big but if we know that in 2036, there will be about 160k Bitcoin in future supply for mining, 120k BTC at the moment is great. Just next 14 years and it will become almost a whole amount of Bitcoin in future supply. I believe in 14 more years, Saylor and MicroStrategy will buy more Bitcoin and will have more than 160k Bitcoin in 2036.
Michael Saylor is always positive about bitcoin and honesty I never heard anything negative from him about bitcoin, even when the bitcoin price was dumping hard he didn't stop thinking and talking positively about bitcoin some people even believe he is the real satoshi he is leading MicroStrategy and this company is holding a big share of bitcoin...
I wonder if human stupidity has an end, but obviously not - because how to call someone who can come up with such an idea at all. If Saylor was really Satoshi, would he do two big stupid things:
- First declare in 2013 that the days of Bitcoin are numbered.
- Then in 2020 started buying that same Bitcoin, regardless of the fact that the real Satoshi reportedly has about 1 million BTC in its possession.
Also 120 000 BTC is not a big share, hardly a little more than 0.5% of the max supply. Also, don't be surprised if Saylor decides to change tactics at some point - I'd like to see him hold BTC in case an even bigger correction to the current price occurs, say 50%.
some people even believe he is the real satoshi
If there are such people (and I've never heard of any), they're pretty stupid.OP, I probably wouldn't send any videos with Michael Saylor talking about bitcoin to your friend. I've seen a few and there's no denying he's very intelligent, but as Leviathan.007 alluded to, he's pretty much a bitcoin permabull. Your friend would be better off watching a documentary like Cryptopia and maybe one of the other big documentaries having to do with bitcoin. Saylor would probably buy bitcoin at any price, which I find to be a bit disturbing for someone running a publicly-traded company and buying BTC with the company's money.
Not sure what the average price he got in at, but I'm wondering if MSTR is now in the red with its bitcoin investment.
what distinguishes of Michael Saylor is that he does not talk much about altcoins and quick profit, which is something you rarely find in YouTube channels.
Speaking of that, you probably should suggest to your friend that he not watch youtube videos on bitcoin, because very few of them are skeptical of it or are anything other than pure hype. If you just search "bitcoin" on YT, everything that pops up is made by people trying to sell you on get-rich-quick schemes. 
After reading the comments above, I began to understand that his videos may not be suitable for beginners or for someone with a weak financial background or far from investment.
In fact, I did not hear many of his videos because I like to hear people who have a negative view of Bitcoin, but what distinguishes of Michael Saylor is that he does not talk much about altcoins and quick profit, which is something you rarely find in YouTube channels.
aantonop's videos are good but somewhat technical and not for someone who is a beginner and wants to invest.
In fact, I did not hear many of his videos because I like to hear people who have a negative view of Bitcoin, but what distinguishes of Michael Saylor is that he does not talk much about altcoins and quick profit, which is something you rarely find in YouTube channels.
aantonop's videos are good but somewhat technical and not for someone who is a beginner and wants to invest.
michael saylor and bitcoin, in my personal opinion michael saylor and bitcoin are like true friends, even though the price of bitcoin is falling, he still holds bitcoin and always posts positive things about bitcoin, I've seen his posts several times when bitcoin prices are falling, he not at all posting negative things about bitcoin, but he always motivates us, to continue to be patient because bitcoin will definitely go up again, in my personal opinion he deserves to be called a true businessman..
Recently, I have been seeing many videos of Michael Saylor[1][2][3] speaking positively about Bitcoin and giving a lot of optimistic analyzes.
So for someone who is a newbie, would you recommend that I send him Michael's videos to explain the economic side of Bitcoin or convince him to invest or will it lead to over-optimism that might end up with my friend losing some money?
In short, the topic talks about Michael's recent analyzes/tweets and how serious it is taken for the average joe.
[1] https://twitter.com/saylor
[2] https://en.wikipedia.org/wiki/Michael_J._Saylor
[3] https://www.youtube.com/watch?v=li3a7lKRlFk
So for someone who is a newbie, would you recommend that I send him Michael's videos to explain the economic side of Bitcoin or convince him to invest or will it lead to over-optimism that might end up with my friend losing some money?
In short, the topic talks about Michael's recent analyzes/tweets and how serious it is taken for the average joe.
[1] https://twitter.com/saylor
[2] https://en.wikipedia.org/wiki/Michael_J._Saylor
[3] https://www.youtube.com/watch?v=li3a7lKRlFk
Michael Saylor always sounds similar to an altcoin bagholder hehe. He is always there to hype bitcoin and also tries to convince people to buy with him during the wrong time. We should always be in reality. Bitcoin is a combination of storylines where they say you can get rich and where they say we should hold it as a hedge for inflation. The tightening in America and many other countries will weaken these storylines.
man, let's be honest, are all these guys who have a lot of bitcoins when they talk well about bitcoin are they talking neutrally or are they talking so that more people buy bitcoin and the price increases a lot so that they have high profits? I honestly prefer to hear the opinion of those who do not have bitcoin because the opinion will be from someone neutral
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