Michael Saylor talks about Bitcoin, and you WILL be disappointed - page 2.

Wind_FURY

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Quote from: Fundamentals Of on November 05, 2023, 06:15:38 AM

If Bitcoin is equal to anarchy, then it may not be good. Anarchy means chaos and disorder. But Bitcoin isn't anarchy or a currency for the anarchists. Bitcoin is just a currency that embodies freedom. There's nothing wrong with it.

I'm not designating Bitcoin with a belief-system or a philosophy. I'm merely describing it as what and how it's actually designed technically. What do you think should self-sovereignty and censorship-resistance necessitate? For everyone to follow the government? Or real embodiment of freedom from the State?

Plus Anarchy doesn't necessarily mean "chaos and disorder", but that's a debate for another topic.

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Saylor is only after Bitcoin as an asset, something which he can earn from. With his words, it's clear that Saylor is in favor of censorship. He seems to be against privacy also. But should we be surprised? Saylor belongs to the traditional elite.

Or to give him some benefit of the doubt, he probably is playing 4D Chess. Haha.

Sophokles

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What happens to saylor! Bitcoin has any technical changes that make him think like this or is he depressed about this long bear market? He is a whale and the only thing that matters to him is profit. You need to understand why saylor makes announcements about his purchases. This gives them an influence over the market because he is one of the biggest holders of bitcoin and he can crash the market with his bitcoin if he wants to. So it is obvious that people will start following his every move if someone is a bitcoin investor.

We are very close to the halving and saylor knows that. He is just trying to spread fear to the market so that he can accumulate more bitcoin at a cheap price before the bitcoin halving. This is what whales do, first they make people greedy and confident about bitcoins positive outcome then they crash the market to spread fear so that people start selling their bitcoin at a loss.

stompix

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Quote from: Agbe on October 25, 2023, 11:01:20 AM

And I don't think he will still disdain bitcoin when he has seen the benefits and the important which he has kept his money in anonymous. Saylor now preach the goodness of bitcoin nd not the reverse part. Though I am not following on IG and Twitter but I believe he does not hate bitcoin again.

Saylor doesn't give a damn about what is behind Bitcoin, the technicals have not changed since he said that, the only thing that changed is the amount of money the pos smelled he can make with it! The moment he realizes there is not so much more money to be made he will dump it and flee to the next opportunity!

Just think for a moment how is he buying coins in the name of a company, filling each time SEC papers and distributing information to shareholders while storing coins in some cold wallet doing anything to annoymity? The guy is just holding Bitcoin as he would be holding gold waiting for the moment he can take a profit out of it, he would be doing the same with real estate, stock shares or metals, he is not interested in anything else but the $ in gained value!
If he would be so amazed by the features he is advertising that much he would be using the coin, guess what, he's not!

Quote from: Wind_FURY on November 05, 2023, 06:01:54 AM

OR he probably is acting that way because he knows that Bitcoin as a censorship-resistant cryptocurrency, and a breaker of political strongholds won't get the approval of the government.
But being a person who educates people about Bitcoin through his own site, he should truly know what Bitcoin is and must merely be pretending to be stupid and foolish, https://learn.saylor.org/mod/page/view.php?id=30734&forceview=1

Then how about this:
https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/
If you think Saylor is true to his word because of that course, what about Gensler? Wink

Let's see how you can split two, especially since Gensler had no 4 billion financial motivation behind it!

Altryist

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Quote from: kryptqnick on November 05, 2023, 11:26:25 AM

I've never considered him a friend, to be honest, so this switch doesn't surprise me. I guess I'm just generally not very trusting toward extremely rich people, and, as usual, he's been in some controversies, including investigations for financial crimes.
Guys like this are only interested in profit, they don't care about anything else. If it suits him to invest in Bitcoin to make even more money, that's what he does. But it doesn't mean he believes in Bitcoin and in its mission.
Also, a really nice catch by Helena Yu that this particular article is actually old, from 2020. But it doesn't change the matter of untrustworthiness of Saylor to me.

Sailor’s attitude towards Bitcoin is fanatical, he is so confident that Bitcoin will cost millions that he is now ready to buy it at any price. I understand that this is his strategy, and he buys when he has the money to do so. But it seems to me that if he had focused his purchases on a bear market, his results would have been even better. Although it is obvious that he does not care and it is most likely that Sailor will make a mega profit at the upcoming bull run.

kryptqnick

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I've never considered him a friend, to be honest, so this switch doesn't surprise me. I guess I'm just generally not very trusting toward extremely rich people, and, as usual, he's been in some controversies, including investigations for financial crimes.
Guys like this are only interested in profit, they don't care about anything else. If it suits him to invest in Bitcoin to make even more money, that's what he does. But it doesn't mean he believes in Bitcoin and in its mission.
Also, a really nice catch by Helena Yu that this particular article is actually old, from 2020. But it doesn't change the matter of untrustworthiness of Saylor to me.

Fundamentals Of

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If Bitcoin is equal to anarchy, then it may not be good. Anarchy means chaos and disorder. But Bitcoin isn't anarchy or a currency for the anarchists. Bitcoin is just a currency that embodies freedom. There's nothing wrong with it.

Saylor is only after Bitcoin as an asset, something which he can earn from. With his words, it's clear that Saylor is in favor of censorship. He seems to be against privacy also. But should we be surprised? Saylor belongs to the traditional elite.

Wind_FURY

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Quote from: philipma1957 on October 27, 2023, 04:16:37 PM

Quote from: Wind_FURY on October 25, 2023, 03:16:37 AM

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Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that.”

The conversation began with a huge letdown. I had asked Michael Saylor what could motivate greater institutional investment in Bitcoin—after all, if Bitcoin is going to the moon, we’re gonna need a lot of deep pockets to climb on board.

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

https://www.btctimes.com/insight/michael-saylor-on-bitcoins-next-billion-hodlers

Is this the same person who was telling everyone about appreciating the power of Bitcoin because he experienced having $1,000,000 of his own money locked in Argentina with no way to send it out of the country? Didn't he need censorship-resistance to send that money out?

Plus it's understandable that the largest Bitcoin HODLers should not say anything that might get them and their investment in some inconveniences, but actually saying the censorship-resistance is a "bad idea"?

Remove the "Chad", just "Saylor", he is not a friend to the Bitcoin community. He doesn't support its ethos.

If I called you naive and foolish and a true enemy of BTC would you be angry?

But what's the point/context? Are you saying that Michael Saylor is merely naive and foolish, and therefore he can't be blamed for making false claims? I believe he should be corrected, and educated about what Bitcoin truly is, and what its real value proposition is. OR he probably is acting that way because he knows that Bitcoin as a censorship-resistant cryptocurrency, and a breaker of political strongholds won't get the approval of the government.

But being a person who educates people about Bitcoin through his own site, he should truly know what Bitcoin is and must merely be pretending to be stupid and foolish, https://learn.saylor.org/mod/page/view.php?id=30734&forceview=1

philipma1957

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'The right to privacy matters'

Quote from: Wind_FURY on October 25, 2023, 03:16:37 AM

Quote

Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that.”

The conversation began with a huge letdown. I had asked Michael Saylor what could motivate greater institutional investment in Bitcoin—after all, if Bitcoin is going to the moon, we’re gonna need a lot of deep pockets to climb on board.

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

https://www.btctimes.com/insight/michael-saylor-on-bitcoins-next-billion-hodlers

Is this the same person who was telling everyone about appreciating the power of Bitcoin because he experienced having $1,000,000 of his own money locked in Argentina with no way to send it out of the country? Didn't he need censorship-resistance to send that money out?

Plus it's understandable that the largest Bitcoin HODLers should not say anything that might get them and their investment in some inconveniences, but actually saying the censorship-resistance is a "bad idea"?

Remove the "Chad", just "Saylor", he is not a friend to the Bitcoin community. He doesn't support its ethos.

If I called you naive and foolish and a true enemy of BTC would you be angry?

bbc.reporter

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@pixie85. Agreed. We should idolize him on his skill on women and how they become Saylor's jerkers hehehehe. In the cryptospace I reckon this has also worked on men hehehe. Saylor's jerkers form a circle to continue the jerking and tell everyone that there is no second best.

pixie85

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Quote from: NotATether on October 26, 2023, 03:23:01 AM

Not disappointed.

Everyone will always have their own opinions, but at the end of the day, money talks. People and companies will see Bitcoin price rising like crazy and they will run like sheep to catch the wave before it ends, just like they did in 2021. Although one thing that remains constant (for now) is Microstrategy DCAing bitcoin purchases.

@bbc.reporter, I don't recognize those two people. Who are they?

These are pictures of younger Michael with women. You can google him and see all of them because there's a lot more than this.

I have nothing against him and I see no reason not to call him a friend of bitcoin. As you said, money talks and his money is telling a whole story. It's completely opposite to many people who praise cryptocurrencies and only see the dollars in it, like Kevin O'Leary, or McAfee.

At least Saylor isn't bullshitting us.

yudi09

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Quote from: South Park on October 25, 2023, 03:55:24 PM

Quote from: yudi09 on October 25, 2023, 10:45:15 AM

-snip-

Regardless of the truth people need to stop following people like Elon and Saylor and begin to take decisions on their own, the community does not need some kind of charismatic leader at the top, each person needs to take a look at what bitcoin offers and see if there is anything there that interest them, right now the main motivation to buy bitcoin has been to invest in it in order to make money, however as the economy gets worse and governments get more restrictive with their policies, people will begin to appreciate way more the characteristics of bitcoin that allows it to get around such censorship.

The good from them and from anyone please take it. They seek profits from the business they run, we also seek profits from the investments we make.
Since Saylor came into play with his positive knowledge on Bitcoin, I have always followed and taken positive points from him. Not everything that is heard from them directly influences my decisions, but is filtered before entering the decision that will be taken.
People in listening and hearing them are probably the same as me. Full of filters.

NotATether

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Not disappointed.

Everyone will always have their own opinions, but at the end of the day, money talks. People and companies will see Bitcoin price rising like crazy and they will run like sheep to catch the wave before it ends, just like they did in 2021. Although one thing that remains constant (for now) is Microstrategy DCAing bitcoin purchases.

@bbc.reporter, I don't recognize those two people. Who are they?

retreat

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Saylor is a businessman, he moves according to his interests and what benefits him. If he feels that Bitcoin is beneficial to him, he will probably side with Bitcoin and if he feels that it is not beneficial for him, he will probably leave it. And do you think that I would be disappointed by the words of a businessman? of course not. Whatever opinion he has on Bitcoin, it will not change my perception of Bitcoin.

bbc.reporter

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Quote from: Agbe on October 25, 2023, 11:01:20 AM

Quote from: Lucius on October 25, 2023, 05:27:30 AM

Lolz

. See comment. Yet he becomes one of the biggest hodler of that the same gambling fate coin. smile!! Well at the initial time of the technology many people disdain and hate it, but when some discovered that bitcoin network is much more better than keeping their money in fiat bank, they started using as their investment coin. Well this not a new news so Uncle Saylor will say "that was then and not now". And I don't think he will still disdain bitcoin when he has seen the benefits and the important which he has kept his money in anonymous. Saylor now preach the goodness of bitcoin nd not the reverse part. Though I am not following on IG and Twitter but I believe he does not hate bitcoin again.

What Michael Saylor Moon will certainly not disdain is how much money he will make from hoarding and holding bitcoin hehehe.

What does everyone predict, will he dump or will he use his bitcoin as collateral to sell bitcoin short very much similar when he used Microstrategy stocks as collateral to buy bitcoin long?

In any case, he will be one of the richest people who has larped about bitcoin in the cryptospace.

BitDane

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We can't avoid this kind of thought where we question one's stand point when we knew that the person is heavily invested on Bitcoin. I read the article and I find it not disappointing since he is only giving his point of view on how Bitcoin market will grow. He has some point even though it is disappointing for the Bitcoin fanatics. But after all it is just a personal point of view and we have our own. We shouldn't be affected by these kind of article or any influential people when it comes to our investment. Let them share their thought and let us continue our own research about the truth behind Bitcoin, after all it is our investment, our own decision to make.

Quote from: South Park on October 25, 2023, 03:55:24 PM

Quote from: yudi09 on October 25, 2023, 10:45:15 AM

What is known about Michael Saylor today is that he is an entrepreneur who continually says Bitcoin is great. Saylor always explains the greatness of Bitcoin at various events he attends.
My assessment of Saylor is the same that he is a person who always supports Bitcoin as a savior of currency value.

If Saylor's report was disappointed with Bitcoin which was published three years ago, perhaps he was playing a drama or he at that time did not understand bitcoin like he does now, who always continuously expresses support for bitcoin.

Regardless of the truth people need to stop following people like Elon and Saylor and begin to take decisions on their own, the community does not need some kind of charismatic leader at the top, each person needs to take a look at what bitcoin offers and see if there is anything there that interest them, right now the main motivation to buy bitcoin has been to invest in it in order to make money, however as the economy gets worse and governments get more restrictive with their policies, people will begin to appreciate way more the characteristics of bitcoin that allows it to get around such censorship.

Any kind of things that needs adoption needs a charismatic advertisers. It is not necessarily a leader since Bitcoin is decentralized and we know it has no central authority but for it to promulgate, simply telling information is not enough. A charismatic marketing is needed for the people to easily accept and adopt Bitcoin but of course we should not create our own version of definition of what Bitcoin is and should stick to fact about Bitcoin and why it is created.

South Park

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Quote from: yudi09 on October 25, 2023, 10:45:15 AM

What is known about Michael Saylor today is that he is an entrepreneur who continually says Bitcoin is great. Saylor always explains the greatness of Bitcoin at various events he attends.
My assessment of Saylor is the same that he is a person who always supports Bitcoin as a savior of currency value.

If Saylor's report was disappointed with Bitcoin which was published three years ago, perhaps he was playing a drama or he at that time did not understand bitcoin like he does now, who always continuously expresses support for bitcoin.

Regardless of the truth people need to stop following people like Elon and Saylor and begin to take decisions on their own, the community does not need some kind of charismatic leader at the top, each person needs to take a look at what bitcoin offers and see if there is anything there that interest them, right now the main motivation to buy bitcoin has been to invest in it in order to make money, however as the economy gets worse and governments get more restrictive with their policies, people will begin to appreciate way more the characteristics of bitcoin that allows it to get around such censorship.

ZAINmalik75

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Quote from: tbct_mt2 on October 25, 2023, 08:16:24 AM

Quote from: Lucius on October 25, 2023, 08:10:05 AM

Of course, it is not realistic to believe that he will never sell the BTC he bought (and is still buying), but maybe he will sell only a part when the price is such that he will be able to return his total investment, and at the same time he will still have enough BTC left.

Saylor is doing Dollar Cost Averaging for buying Bitcoin and he will apply DCA for taking profit his bitcoin too.

I agree with you that he is smart enough to not dump all bitcoins he has on the market with one order or within one day or a couple of days. Doing DCA for exit price will help him to get better profit by don't have to find market tops and can avoid panic on the market because of selling pressure from Saylor and Micro Strategy.

(SSS) - A Sane and Simple bitcoin Savings plan.

SSS plan looks good for Saylor to take profit.

You both are right, everyone holding BTC including Saylor will try to sell some of the BTC either to book some seed profit or to avoid from taxation, I have read a few times that, Michael used to sell some of his BTC at the end of the year to avoid huge tax that's one of the strategy of him. Well, but that selling did not have that much impact on the market.

And to be honest, I don't think now Michael has any need to sell those BTC because he is already earning a lot, from his company's Micro strategy, but still, he can book some profit but selling all the BTC and going against BTC is not an option for him now. Many investors have trusted him with their money. While they can trust BTC directly but I think people of old mindsets trust people more than algorithms.

Your DCA exit plan looks nice, and OTC trading can also avoid panic in the market, there are many ways if he wants to sell BTC but doesn't want to create huge panic or fud out of it, like he can sell it privately, etc. But let's just not discuss possibilities that are not even going to happen in any scenario. This SSS plan looks old, don't you think?

franky1

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Quote from: KiaKia on October 25, 2023, 12:28:40 PM

Even if this comment about Bitcoin was new it changes nothing, people like Saylor can do this to scare people away so that they can keep buying, stop been controlled by people like Saylor, find answers yourself and make your decision.

whales do the opposite to their own trading patterns..
when they want the price to be low, so they can buy. they will not want competition pumping the price so they dont talk ultra positive about it.
however when its time for them to sell they want the competition to pump the price even higher so they can sell at max.

you can usually spot a whales trade plan via how pro-con they are about an asset con=buyer pro=seller

KiaKia

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Michael Saylor is a good example why people need to start taking decisions themselves, this man never liked Bitcoin and he have said a lot of wrong things about Bitcoin, many people are mislead by him because after, he later full embarrassed Bitcoin, OP you should always look at the date that people share that nonsense about Bitcoin, it's possible that it's old already.

Today this man have learned his lesson, he now talk about Bitcoin in the open and advice people to invest too, I believe he is was judging something he has no idea about it's purpose but it's good he learned.

Even if this comment about Bitcoin was new it changes nothing, people like Saylor can do this to scare people away so that they can keep buying, stop been controlled by people like Saylor, find answers yourself and make your decision.

Agbe

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Quote from: Lucius on October 25, 2023, 05:27:30 AM

Lolz

. See comment. Yet he becomes one of the biggest hodler of that the same gambling fate coin. smile!! Well at the initial time of the technology many people disdain and hate it, but when some discovered that bitcoin network is much more better than keeping their money in fiat bank, they started using as their investment coin. Well this not a new news so Uncle Saylor will say "that was then and not now". And I don't think he will still disdain bitcoin when he has seen the benefits and the important which he has kept his money in anonymous. Saylor now preach the goodness of bitcoin nd not the reverse part. Though I am not following on IG and Twitter but I believe he does not hate bitcoin again.

Topic: Michael Saylor talks about Bitcoin, and you WILL be disappointed - page 2. (Read 634 times)