Comparing to the last years, bitcoin is much more famous and there is more news about the company and famous people talking and investing in bitcoin, this can be good when they spread the bitcoin world. Saylor and his company are one of them they invested a lot in bitcoin and they will do positive talks about bitcoin resulting in bitcoin price to rise due to positive fundamental news, however, as a trader, investors, and bitcoin we should not listen to this news because this news will take emotional effects and will make people doing emotional decisions.
Topic: Michael Saylor buy the bitcoin.Bitcoin prices are likely to rise. - page 2. (Read 270 times)
September 14, 2021, 06:41:31 AM
September 14, 2021, 05:06:20 AM
It's his company, Microstrategy that has bought another 5k+ bitcoins. There's already a thread made for it. (https://bitcointalksearch.org/topic/microsteel-keeps-buying-into-btc-5359844)
And with these influential people and mentioning Elon, they really are marketable and whichever news and things they do related to bitcoin. The news goes all over and rolling that affects the market but sometimes with purchases like this, there's no effect at all.
And with these influential people and mentioning Elon, they really are marketable and whichever news and things they do related to bitcoin. The news goes all over and rolling that affects the market but sometimes with purchases like this, there's no effect at all.
September 14, 2021, 05:02:54 AM
You should write more carefully, OP, nowadays you have online translators and a lot of tools you can use to write decently if English is not your mother tongue. Be careful especially the title.
Getting to the point, no, I don't think the purchase by MS has an influence on the price, especially in the short term. It is something that everyone knows he will continue to do. In the long term, if he buys those Bitcoin and takes them out of circulation (he does not intend to sell them), he may have some influence, but limited. Think that the trading volume in the last 24 hours is $41B.
I believe that his Bitcoin popularization efforts are more influential than the purchases he makes.
Getting to the point, no, I don't think the purchase by MS has an influence on the price, especially in the short term. It is something that everyone knows he will continue to do. In the long term, if he buys those Bitcoin and takes them out of circulation (he does not intend to sell them), he may have some influence, but limited. Think that the trading volume in the last 24 hours is $41B.
I believe that his Bitcoin popularization efforts are more influential than the purchases he makes.
September 14, 2021, 04:50:23 AM
Well, if Michael Saylor says so that the prices will go up, then you better hodl or accumulate bitcoin right now because you don't want to be missing out. Although, take some precaution listening to these types of people as they have a stake when the prices go up so be careful because they can manipulate the market.
September 14, 2021, 03:57:44 AM
Bitcoin is a coin that has made it very popular all over the world. Bitcoin's donation I saw is not falling below 45 thousand but it is moving towards further improvement. I was hovering around 47,000 in the middle of the day and now the price is expected to rise further because rich people like Elon Musk are buying bitcoin.
One of them is Michael Saylor.
I saw from some news that Michael Saylor will stop buying Bitcoin but it is not
MicroStrategy bought an additional 5,050 bitcoins for $ 242.9 million at an average price of $ 48,099 per bitcoin.
Michael Saylor tweeted this on Twitter yesterday.
source: https://twitter.com/michael_saylor/status/1437386724443926535
One of them is Michael Saylor.
I saw from some news that Michael Saylor will stop buying Bitcoin but it is not
MicroStrategy bought an additional 5,050 bitcoins for $ 242.9 million at an average price of $ 48,099 per bitcoin.
Michael Saylor tweeted this on Twitter yesterday.
source: https://twitter.com/michael_saylor/status/1437386724443926535
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