Michael saylor and his bags - page 2.

wxa7115

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Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Unless you are a friend of his then you are never going to be able to tell when a whale like that makes those kind of movements, you need to understand that they will try their best to try to hide those movements and this is because if everyone found out he was about to buy bitcoin then the price will go up even before he does.

This means he will have to pay more for each coin and this is obviously something that no one wants to happen to them so they use different exchanges, accounts, companies and different time frames to hide this from the general public.

jostorres

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Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Unfortunately you cannot get to know when they are buying; or probably you will get know delayed because in the past when they have tweeted about their buying bitcoins and then I have observed those markets spikes. So, if you really want not to miss out good buying prices and want to buy before Microstrategy will be buying then I guess you must buy right now.

I read they are raising big amount of money to buy more bitcoins in coming days and when they are executing their plans, I believe bitcoin again will land into in the $60k zone more easily and without any doubts. So, buying right now may not make you regretting at any point of time.

martina14

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Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

I am not familiar with Michael Saylor and his bags as well, But I can give an answer to your question anyway.
And my response is no one knows who's selling or buying in the actual trade. This is the reason why all traders
are anonymous. All we can see is the Txid and the address from the place it came from and to the destination
address too.

Distinctin

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Quote from: aditasetia123 on June 19, 2021, 08:09:21 AM

Quote from: bitcub on June 18, 2021, 09:31:26 AM

We need whales like this man. We need more volume for BTC for now.

Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

if we have several michael saylor who believe in bitcoin future maybe we will not see current price of bitcoin below $37k. Saylor need huge support from crypto community , not only financial support but also fundamental support by spreading positive thing about bitcoin and other cryptocurreny.

It's up to you to follow him, people have different opinions and market strategies. So we can never expect that all of us will follow in a single path and it was impossible to see that everyone is buying because someone told us to do so. No, some will buy and some will sell. That is the reality in crypto.
I suggest being careful following with the whales like Michael, they might be setting you a trap.

aditasetia123

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Quote from: bitcub on June 18, 2021, 09:31:26 AM

We need whales like this man. We need more volume for BTC for now.

Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

if we have several michael saylor who believe in bitcoin future maybe we will not see current price of bitcoin below $37k. Saylor need huge support from crypto community , not only financial support but also fundamental support by spreading positive thing about bitcoin and other cryptocurreny.

mindrust

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Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Easy.

If bitcoin is going down, he is probably buying the fucking dip. Following his tweets I can say he is pro bitcoin. It is natural to think that he is buying every dip there is and there will be. Other than that, I don't think there is another way to verify this.

Why do you care anyway? There are bigger market movers than Saylor.

Wind_FURY

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OP, your question might be answered, look at the market. I believe it’s the “Saylor Bids” that are currently supporting this market now. I was expecting to see the correction to continue, and see Bitcoin priced at $33,000 - $34,000 today.

joniboini

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I personally never trust these kinds of reports. Who knows when or how much they actually buy. It is possible that the headline is different than the actual article. If it's not verifiable, at least for me, just treat it as if it was non-existent.

Sterbens

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that's the problem, when we want to be like what he did but we ourselves forget how to achieve our own trading strategy based on our initial concept when trading.
so I don't think anyone will know, but for sure, if he uses analysis services, it will be very expensive. as for if on the contrary he uses his mastery to buy, then at least he is proficient in determining when to enter at the ideal price.

bitcub

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We need whales like this man. We need more volume for BTC for now.

Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

GreatArkansas

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Quote from: jambul_kribo on June 18, 2021, 05:06:55 AM

michael saylor have huge funding to realize his dream to make bitcoin price hit $100k. many time in every dip saylor make partially buying to drive bitcoin price again. but unfortunately what saylor doing was not enough to drive price higher and higher, alot of traders and investors still pessimist with current situation.

In the beginning, there could be some effect on the price of Bitcoin when these kinds of a huge company are announcing that they are buying Bitcoins.
But if you can see, as time goes by, several companies or the same companies are announcing that they bought Bitcoin, the effect on the price as time goes by is not the same at the beginning.
For me at the end of the day, the amount or how big the money will move in Bitcoin will matter, the price will probably react.

Wind_FURY

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Quote from: Tytanowy Janusz on June 16, 2021, 07:06:06 AM

500 milion bought by experienced traders wont move price ... if they dont wont it to move price

I expect people to front run Michael Saylor (thats why price grow now) and dump on him right after announcement that he has money ready to buy.

Worth to know info passed from other thread that refers to microstrategy investments.

Quote from: fillippone on June 11, 2021, 07:29:35 PM

On the first debt issue, they bought 65 mios daily and announced the end of the buys 10 days after the value date.
With the second issue, they were so much more efficient, and snapped 210 million daily and announced the results after 5 days, even if the issued amount was so much bigger.

This time I expect them to be at least as efficient as they were lat time: so I expect them to complete the buys in a couple of days, with announcements made public ~~late Tuesday~~ Wednesday.

Traders DID front run him. Bitcoin surged from $35,000 to $40,000 in a mere 72 hours. But Saylor’s traders obviously expected it, and placed their bids probably lower than where everyone believes. He also probably learned a hard lesson after buying Bitcoin blindly at > $50,000 market during the crashening. Cool

The Sceptical Chymist

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Quote from: Lucius on June 16, 2021, 09:07:30 AM

It's no secret how MicroStrategy buys BTC without affecting the price - they do it through Coinbase, which again uses different methods to provide the customer with a satisfactory result.

Makes sense, US company using a US exchange to buy huge amounts of crypto. I don't see how else a publicly-traded corporation would do it. If they bought from an individual whale, there might be questions from shareholders (or short-sellers) about conflicts of interest and so forth; and it wouldn't be great for MSTR's public image if they used a foreign exchange, nor would it likely be advantageous for them to do so.

And OP, I wouldn't call what Michael Saylor has as "bags". For one thing, the bitcoin isn't his. For another, what MSTR owns is a huge amount of bitcoin, the king of kings when it comes to crypto. "Holding the bag" implies that you've bought something lousy, and that doesn't describe bitcoin at all.

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Quote from: Lucius on June 17, 2021, 09:08:49 AM

Quote from: leea-1334 on June 17, 2021, 07:04:48 AM

This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo.

Is it hard to read a few posts and find out how MicroStrategy buys BTC - rather than continue to speculate and copy other people's answers? We know the way he buys, we know when he will buy approximately (there is always an announcement), but that doesn't help us at all because the way he buys never affects the price.

I am sorry if you think I copied other people's answers?

I read the story, on Financial Times, but it never gave any of those information so my first response was to title of thread saying "his bags" which clearly it could not have been. My second response I do see now that you answered about Coinbase being the ones buying for them. My bad for missing that.

jambul_kribo

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michael saylor have huge funding to realize his dream to make bitcoin price hit $100k. many time in every dip saylor make partially buying to drive bitcoin price again. but unfortunately what saylor doing was not enough to drive price higher and higher, alot of traders and investors still pessimist with current situation.

Renampun

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Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

from what I've noticed, Michael Saylor buys Bitcoin at an unknown time...

basically, he buys Bitcoin when the market is down, his only goal is to spread public confidence to buy Bitcoin too. recently when the market was sluggish he bought more Bitcoins, from there we can know his buying habits.

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Quote from: rsarkar on June 16, 2021, 02:13:04 AM

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

there is nothing we can see, we can only see in the order book or in the transaction history,
if you are a binance user then look there, if someone bought $500 million for Bitcoin, maybe Michael Saylor bought it,
well, no one will know about Michael Saylor's buying in the market, we can only know about analyzing the chart

Lucius

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Quote from: blockman on June 16, 2021, 05:55:04 PM

There's no way to know it.

Quote from: leea-1334 on June 17, 2021, 07:04:48 AM

This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo.

Quote from: Wexnident on June 17, 2021, 07:23:36 AM

You can't really know.

Is it hard to read a few posts and find out how MicroStrategy buys BTC - rather than continue to speculate and copy other people's answers? We know the way he buys, we know when he will buy approximately (there is always an announcement), but that doesn't help us at all because the way he buys never affects the price.

Wexnident

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You can't really know. It isn't a big buy in the first place, nor is it possible from what I know. It's spread out across multiple buy orders, and for that amount, it'd be quite an enormous amount of orders. You can try checking for his wallet but I hardly doubt you'd get his info in the first place, not to mention that who knows, it may have been spread across multiple wallets instead of only one. Big trades are made in small portions so that they aren't noticeable in the first place, and so that they don't negatively affect the market.

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Quote from: janggernaut on June 17, 2021, 12:15:26 AM

The only way to find it is ask his bitcoin address. Obviously you can't know how and when he will buy the bitcoin. But if he feel bitcoin is dropped lot from his buying price, he will announce it on public if he already bought bitcoin to hope it pump. Just like he did when bitcoin dropped below $40,000 back then

I do not think it would be in one bag and in his personal wallet,,, This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo. Saylor is one man and we all remember what supposedly happened when 1 man died and Quadriga exchange lost everything right?

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