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Topic: Michael Saylor has Acquired 121,044 BTC at $3.57 Billion (Read 435 times)

legendary
Activity: 2898
Merit: 1823
In the context of adoption, would you agree, or disagree if someone told you that, “We are still early”? Or you probably believe that Bitcoin, as a protocol, as a technological breakthrough, has climbed the highest peak it can reach?

Of course, adaptation is still at an early stage if you mean ordinary people who still haven't figured out (and some never will) what Bitcoin is. But you first compared some rich people from the past and Saylor who according to you could make trillions because he holds 100k+ Bitcoin, now you ask a completely different question...


The context is of everything. The fact that “it’s early” in adoption, early in “defining” what it truly is, early in “knowing” its true implications to nation-states, makes its current price/market value also in the early stages. Do you believe price will crash to $10,000 as adoption expands?

Why would it be stupid if it made sense from a game-theoretical standpoint?

I don't know what kind of games you mean, but for me, there is not much logic in your obsession with China, which according to you will have no choice "but to pass Bitcoin / allow mining too,", as if Bitcoin is something China depends on or will depend on in the future. From the perspective of mining profits, even if China has 100% control over Bitcoin mining, total mining profits + fees are trivial compared to what China makes from exporting its goods and services. China does not need Bitcoin, nor is it interested in anything other than making its bans work.


If “some nation-states” utilize a technology to take advantage of “other nation-states” that are not using it, do you believe the “other nation-states” will not try to utilize the same technology to neutralize the advantage of “some nation-states”?
legendary
Activity: 3234
Merit: 5637
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In the context of adoption, would you agree, or disagree if someone told you that, “We are still early”? Or you probably believe that Bitcoin, as a protocol, as a technological breakthrough, has climbed the highest peak it can reach?

Of course, adaptation is still at an early stage if you mean ordinary people who still haven't figured out (and some never will) what Bitcoin is. But you first compared some rich people from the past and Saylor who according to you could make trillions because he holds 100k+ Bitcoin, now you ask a completely different question...

Why would it be stupid if it made sense from a game-theoretical standpoint?

I don't know what kind of games you mean, but for me, there is not much logic in your obsession with China, which according to you will have no choice "but to pass Bitcoin / allow mining too,", as if Bitcoin is something China depends on or will depend on in the future. From the perspective of mining profits, even if China has 100% control over Bitcoin mining, total mining profits + fees are trivial compared to what China makes from exporting its goods and services. China does not need Bitcoin, nor is it interested in anything other than making its bans work.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
Just assuming that China admits at some point that Bitcoin is important to it, which is very likely not to happen given their political structure. Consequently, it be really stupid if China first banned crypto mining, waited for the US and Russia to position themselves with more than a 50% hash rate, and then jump back into the game? Bitcoin cannot be officially approved in any communist country, or those countries that strive for absolute control, so I don't know how you imagine that China will change its mind?
What you said is true, no communist government would allow Bitcoin to function in their country. In a country where the governments wants to have complete control over everything and not allow people have total freedom, so Bitcoin wouldn’t  work out. The main aim of having Bitcoin is giving people access to freedom.

I have seen countries where people were able to go against the government through Bitcoin. Just like the ENDSARS movement/protest where the government tried to silence the people who were protesting and they were still able to continue funding their protest against the government through Bitcoin. Such a thing would be a communist government’s worst nightmare.
sr. member
Activity: 2660
Merit: 339
Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.
Even if they happen to sell in the future, we now know that MicroStrategy has become part of the cryptocurrency market/community, and if they sell it, there is every possibility that they will be buying back again from the market. It’s good how we are now having lots of big and strong institutions who have strongly become part of the crypto community and now backing it. The good thing about these institutions is that they don’t mind the condition of the market, whether it is a bullish trend or bearish trend, they are always out to keep buying Bitcoin, and we should also follow this step to buy now and HODL.
legendary
Activity: 2898
Merit: 1823
That’s true, but wouldn’t you agree with someone if he/she said that “we are still early”?


It depends on how someone would interpret the term "early" in the context of Bitcoin if we know that some 12 years have passed since the Genesis block. For some it is a lot of time, for others we are still at the beginning, for me personally we have crossed more than half of the most important path that began in 2009, and will approach one version of the end around 2030 when 99% of all Bitcoin will be mined.


In the context of adoption, would you agree, or disagree if someone told you that, “We are still early”? Or you probably believe that Bitcoin, as a protocol, as a technological breakthrough, has climbed the highest peak it can reach?


I believe that from a game-theoretical standpoint, if Russia starts mining, or starts allowing Bitcoin mining, China will have no choice but to mine Bitcoin/allow mining too, https://bitcointalksearch.org/topic/m.59104736


Just assuming that China admits at some point that Bitcoin is important to it, which is very likely not to happen given their political structure. Consequently, it be really stupid if China first banned crypto mining, waited for the US and Russia to position themselves with more than a 50% hash rate, and then jump back into the game? Bitcoin cannot be officially approved in any communist country, or those countries that strive for absolute control, so I don't know how you imagine that China will change its mind?


Why would it be stupid if it made sense from a game-theoretical standpoint?
hero member
Activity: 2268
Merit: 789
People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.

It makes me really thing of an answer to this question: when is really the best time to purchase BTC?

I mean, due to its inflationary value and limited supply of 21 million, most people would view it as an investment whether for short or long-term. But in this case, where its price continuous to fluctuate, I really do think that the best time to purchase would be the day when you have the means for it. Long term HODLing can somehow guarantee large amounts of returns if invested properly.

With this acquisition, I think it is also noteworthy to mention supply and demand. If he does indeed, sell all of his BTCs, the price on the market may somehow change with the given increase in circulation.
legendary
Activity: 3234
Merit: 5637
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That’s true, but wouldn’t you agree with someone if he/she said that “we are still early”?

It depends on how someone would interpret the term "early" in the context of Bitcoin if we know that some 12 years have passed since the Genesis block. For some it is a lot of time, for others we are still at the beginning, for me personally we have crossed more than half of the most important path that began in 2009, and will approach one version of the end around 2030 when 99% of all Bitcoin will be mined.

I believe that from a game-theoretical standpoint, if Russia starts mining, or starts allowing Bitcoin mining, China will have no choice but to mine Bitcoin/allow mining too, https://bitcointalksearch.org/topic/m.59104736

Just assuming that China admits at some point that Bitcoin is important to it, which is very likely not to happen given their political structure. Consequently, it be really stupid if China first banned crypto mining, waited for the US and Russia to position themselves with more than a 50% hash rate, and then jump back into the game? Bitcoin cannot be officially approved in any communist country, or those countries that strive for absolute control, so I don't know how you imagine that China will change its mind?
legendary
Activity: 2898
Merit: 1823
It will be illustrated in next two bull cycles that Michael Saylor’s risk in Bitcoin during 2020 and 2021 will be one of the biggest generational wealth creating investments in history. Cornelius Vanderbilt. John Rockefeller. Michael Saylor? It’s a laughable comparison today, but what if he becomes a trillionaire through Bitcoin?

A question that anyone can ask "what if - and what if not?" Although most members of the forum are highly pro-Bitcoin and believe in its success, none of us are prophets or see the future so we can know what will happen in two bull cycles or after the next two halvings.


That’s true, but wouldn’t you agree with someone if he/she said that “we are still early”?

Quote

I have no doubt that Bitcoin would be able to reach some insane price for us today by the end of the decade - but I also know that it is on a very slippery slope when it comes to the most powerful nations in the world. China has already made its moves, Russia has strange ideas to say the least, and all these banning stories should not be ignored - and the US also has very big proponents of some crazy regulations or even bans.


I believe that from a game-theoretical standpoint, if Russia starts mining, or starts allowing Bitcoin mining, China will have no choice but to mine Bitcoin/allow mining too, https://bitcointalksearch.org/topic/m.59104736
sr. member
Activity: 1694
Merit: 299
Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
He is accumulating bitcoin as he knows the true potential of bitcoin. I am sure there are many investors who are silently holding bitcoin. It does not matter for us who is holding bitcoin and how much they have invested in bitcoin. What ever they are doing, they re doing for their own benefit.
What matter here is how much you and me are accumulating bitcoins. The more we have bitcoin in our wallets, the better it will be for us.  Smiley
No one want to donate his money for nothing or for something where no one can benefit. People like him invest in bitcoin because they know the true potential of it and as we can see he still continue to invest heavily. It looks that they are sure that bitcoin will bring them a lot of profits anytime soon.

Not all investors will tell the world they are investing because they are also scared to what can happen to them but seeing some famous personality invest huge in bitcoin can gave someone a confidence or motivates them to do the same so things like that do matters too somehow because the whole bitcoin community can benefit with it.
legendary
Activity: 3234
Merit: 5637
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It will be illustrated in next two bull cycles that Michael Saylor’s risk in Bitcoin during 2020 and 2021 will be one of the biggest generational wealth creating investments in history. Cornelius Vanderbilt. John Rockefeller. Michael Saylor? It’s a laughable comparison today, but what if he becomes a trillionaire through Bitcoin?

A question that anyone can ask "what if - and what if not?" Although most members of the forum are highly pro-Bitcoin and believe in its success, none of us are prophets or see the future so we can know what will happen in two bull cycles or after the next two halvings.

I have no doubt that Bitcoin would be able to reach some insane price for us today by the end of the decade - but I also know that it is on a very slippery slope when it comes to the most powerful nations in the world. China has already made its moves, Russia has strange ideas to say the least, and all these banning stories should not be ignored - and the US also has very big proponents of some crazy regulations or even bans.

I know you don't see this as a problem because Bitcoin continues to operate despite any bans, but it's not the same if it operates in the realm of legality and accessibility for all people (or at least most), or if it has to move underground beyond the reach of government.
legendary
Activity: 2898
Merit: 1823
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

The average price is increased from $27,534 to $30,160 But yeah he is still in profit.

Quote
As of Dec. 29, the firm held 124,391 bitcoins, which it bought for nearly $3.8 billion, MicroStrategy CEO Michael Saylor said in a Twitter post on Thursday. The average price it has paid for all of its bitcoin to date is roughly $30,160.
Source:


It will be illustrated in next two bull cycles that Michael Saylor’s risk in Bitcoin during 2020 and 2021 will be one of the biggest generational wealth creating investments in history. Cornelius Vanderbilt. John Rockefeller. Michael Saylor? It’s a laughable comparison today, but what if he becomes a trillionaire through Bitcoin?
hero member
Activity: 1064
Merit: 639
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

The average price is increased from $27,534 to $30,160 But yeah he is still in profit.

Quote
As of Dec. 29, the firm held 124,391 bitcoins, which it bought for nearly $3.8 billion, MicroStrategy CEO Michael Saylor said in a Twitter post on Thursday. The average price it has paid for all of its bitcoin to date is roughly $30,160.
Source:
hero member
Activity: 1204
Merit: 539
Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

He is accumulating bitcoin as he knows the true potential of bitcoin. I am sure there are many investors who are silently holding bitcoin. It does not matter for us who is holding bitcoin and how much they have invested in bitcoin. What ever they are doing, they re doing for their own benefit.
What matter here is how much you and me are accumulating bitcoins. The more we have bitcoin in our wallets, the better it will be for us.  Smiley
Currently he is one of the investors who may bitcoin hold quite a lot, and this is a form of his belief in bitcoin which in the future will benefit him and his company, besides MicroStrategy (Michael Saylor) there are several other large institutional companies that also have ownership bitcoin is quite large, namely:

1. MicroStrategy : 121.044 BTC

2. Grayscale Bitcoin Trust (GBTC): 645.622 BTC

3. Tesla : 42.902 BTC

4. The Tezos Foundation: 17.500 BTC

5. Galaxy Digital Holdings : 16.400 BTC

6. Voyage Digital Ltd : 12.260 BTC

Source : CNBC
legendary
Activity: 2898
Merit: 1823
You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

Sure, Saylor has understood bitcoin so he dared to hold so many bitcoins. If you look at the current price and some of the tweets that were written, of course, if you calculate it, they have lost a lot. But if they have enough funds and they believe Bitcoin will rise again as predicted then they will also get a lot of profit. I hope they can hold on to it, but if they buy again and again they may become Whales, maybe they are planning to move the market. With that much bitcoin I think they can hold or increase the market for a period of time.


Michael Saylor is a HODLer. I believe he will find better ways to use his Bitcoin when it surges to six digits, or more. Saylor will be the person world leaders and business/financial giants will talk to if they want a facility for censorship-resistant world trade. He might actually become a trillionaire. Chad-Saylor.
full member
Activity: 1834
Merit: 166
Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!
On the contrary I would say he has done right thing as he is not selling them in near future and in the long term the prices will surely rise and past beyond $58k range also so his profits automatically will show up on the balance sheet so this won't matter at that time.The market was uncertain and who have thought it could go down to $35k also? But still the main part was he invested in btc and you will see his profits in the long run.We can't be sure which is the lowest point so we make mistakes but if profits are coming then it won't matter.
legendary
Activity: 2576
Merit: 1860
Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!

Nobody is doing well in this bearish trend. But there are two kinds of people who are not doing well in this bearish trend. There are those who feel down and give up. And there are also those who feel down and made the best of it. Those who are somehow depressed and fearful that the price has gone down a lot, wallow on it too much, end up selling at a loss. But those who are worried of the price drop and then start to look at the bright side of things are making the most of the trend, stacked more Sats, and successfully lowered down the average cost of their acquisition.
legendary
Activity: 2254
Merit: 1377
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I’m not saying it’s stupid to invest in Bitcoin, but it’s not wise to keep all your eggs in the same basket.
Actually some brand him like either stupid or a genius for his move. Im somehow understand what you mean, but of course they settled for the best one. Like all or nothing approach. Cant blame him, possibly he is not fan of altcoins. I am more inclined towards altcoins but we cant deny the fact that btc is a major coin that affects every coins out there. Once it move up, most of the coins pulled also, likewise when its down. Im sure Saylor wont let his ship sink without even thinking the possible consequence.
legendary
Activity: 2338
Merit: 1084
zknodes.org
You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

Sure, Saylor has understood bitcoin so he dared to hold so many bitcoins. If you look at the current price and some of the tweets that were written, of course, if you calculate it, they have lost a lot. But if they have enough funds and they believe Bitcoin will rise again as predicted then they will also get a lot of profit. I hope they can hold on to it, but if they buy again and again they may become Whales, maybe they are planning to move the market. With that much bitcoin I think they can hold or increase the market for a period of time.
hero member
Activity: 2114
Merit: 603
Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
Imagine if bitcoin price is 100k to 500k in the future. Saylor company would probably one of the greatest gains in business.

It is easy to imagine the opposite situation, what if the price of BTC for some reason is $10k or maybe a little more than that? Some will have a very good reason to point the finger at companies like MS and laugh at them for their moves. Even now things are not great for the company, their share has lost 19% in value, and the value of BTC they have lost as much as 50%.

I’m not saying it’s stupid to invest in Bitcoin, but it’s not wise to keep all your eggs in the same basket.

MicroStrategy’s own stock has declined 19% since Thursday, closing at $370.45 on Monday. Mr. Le attributed the drop largely to the broader selloff of technology and bitcoin-related stocks. MicroStrategy has made more than $750 million on its bitcoin investment at the current price, said Brent Thill, a senior analyst at Jefferies Group LLC, a financial-services firm. But some investors are concerned the company isn’t focusing enough on its core business, he said.

MicroStrategy reported a net loss of $36.1 million for the quarter ended Sept. 30, widening from a loss of $14.2 million in the prior-year period. Revenue, meanwhile, grew 0.5% to $128 million for the quarter from a year earlier.
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