Microsteel keeps buying into BTC | Bitcointalksearch.org

rodskee

full member

Activity: 2394

Merit: 198

★Bitvest.io★ Play Plinko or Invest!

Quote from: asrinur on October 26, 2021, 08:29:19 AM

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

I think the price of Bitcoin will continue to rise, especially in the long term, and I expect the price of Bitcoin to reach $70,000 by the end of this year.

Bitcoin already taken 66,000$ so what more in the next 2 months more before the year ends , 70k is a peanut comparing to what achievements bitcoin prove us this whole year alone.

it is 80,000 that I think is the Minimum ATH for bitcoin this 2021 end season.

Quote from: Apes on October 28, 2021, 05:08:56 AM

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

they had lot of fund and they know how to make money fast and easy, that's all.
Microstrategy only one of dozens corporation do this practical openly to the public, and the others do stealthy.
are this practical against the law, maybe in some country.

obviously to Lure crypto user to believe in their company , they know what is the benefits of the popularity of bitcoin in their business.

Apes

sr. member

Activity: 1316

Merit: 257

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

they had lot of fund and they know how to make money fast and easy, that's all.
Microstrategy only one of dozens corporation do this practical openly to the public, and the others do stealthy.
are this practical against the law, maybe in some country.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: Fakhrulenclix on October 26, 2021, 09:50:45 AM

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

very likely. Of course, the hope of many of us will be to see bitcoin's new ATH at the end of the year, if that happens it means that in 1 year Bitcoin reaches 3x ATH and that is extraordinary.

Don't hope or mind that much so that you wont get frustrated if bitcoin would be stabilizing its price or moving sideways after that recent big price spike.

Lots of institutions and companies had already seen the beauty and potential of bitcoin that's why it isn't surprising that they would be considering on accumulating it,

Its a matter of risk taking though but most of the time they do end up on getting profits.

Fakhrulenclix

sr. member

Activity: 1638

Merit: 330

★Bitvest.io★ Play Plinko or Invest!

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

very likely. Of course, the hope of many of us will be to see bitcoin's new ATH at the end of the year, if that happens it means that in 1 year Bitcoin reaches 3x ATH and that is extraordinary.

asrinur

full member

Activity: 612

Merit: 104

Sugars.zone | DatingFi - Earn for Posting

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

I think the price of Bitcoin will continue to rise, especially in the long term, and I expect the price of Bitcoin to reach $70,000 by the end of this year.

henmark

sr. member

Activity: 783

Merit: 270

Quote from: darkangelosme on October 19, 2021, 10:44:32 PM

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

For me i think Bitcoin will reach only 80,000 usd and about that Microstrategy that's own 114,042 Bitcoin i think they want to stock Bitcoin cause they see a lot of potential on it in the future, we can't blame them for doing that even me i will gonna stock some Bitcoin if i were them.

Not only them, many institutions have started accommodating bitcoin regularly so that they believe they could stand and compete against new challenges in funds and investments industry. It means, institutions have already realized about the potential of bitcoin which must be an enough factor to think about bitcoin to be reaching million-dollar levels in coming years.

I read somewhere that in next to 3 to 5 years of time almost all the institutions worldwide must be having bitcoin as part of their portfolio management. So, those who are all deciding fast might be accommodating the more number of bitcoins.

darkangelosme

full member

Activity: 680

Merit: 103

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

For me i think Bitcoin will reach only 80,000 usd and about that Microstrategy that's own 114,042 Bitcoin i think they want to stock Bitcoin cause they see a lot of potential on it in the future, we can't blame them for doing that even me i will gonna stock some Bitcoin if i were them.

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

I wouldnt advise anyone to hold just one thing but he has a clear plan and hasnt altered from that, people can always manage their own risks also. No plain retail investor is allowed to deal with him anyway I guess, you have to be rich enough to be buried in money already.

It might be his company that created this uptrend, we seem to have regained that positive pattern and its best not to doubt it until properly proven as over on weekly bars. Seems like BTC just keeps drifting up, there is chance of some upset from rates rising but I got no doubt the central banks cant be relied on to reverse much of the easy money policy they have already instigated.

davis196

hero member

Activity: 2968

Merit: 913

Quote from: mk4 on September 14, 2021, 12:45:02 AM

In 10 years time, Michael Saylor is going to end up being either a giga-brain genius, or a straight-up laughing stock. I don't think there's any in-betweens lol; he's just balls deep into bitcoin. MSTR literally owns 0.54% of the total bitcoin supply now.

I don't have any respect for this guy at all,even though he is a total 1000% Bitcoin bull.
There's something wrong about him and his Microstrategy fund.Investment funds usually are focused on managing the risks and diversifying the assets in their portfolio.
Microstrategy is all about "buy more Bitcoin and forget about anything else".
I guess that they want to attract all the investors,who want a high risk/high reward ratio.
So far he is doing great,but I don't think that Saylor has any plan B,when the shit hits the fan...

sikke

sr. member

Activity: 504

Merit: 250

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

They're probably just executing a Dollar-Cost-Average strategy.

But yeah, this is nothing new. Microstrategy and other institutional investors have been consistently investing in BTC for a while now.

And it's good, it keeps the volatility down quite substantially and also means that their position can ride out a bunch of price fluctuations and take advantage of price at any stage.

ivankoh

full member

Activity: 1428

Merit: 120

Sugars.zone | DatingFi - Earn for Posting

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

I wish bitcoin could break $100k this year. But given the fact that I expect it to generate new ATh at $72k, most of the basis on which I predict bitcoin will rise is when Taproot is activated to make bitcoin perfect, All of them I'm both a huge supporter of bitcoin privacy. That's the core thing. For now, accumulation is still the main trend from large institutional investors.

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

I think that it's certainly going to reduce supply for BTC but also at the same time offer a consistent stream of demand.

The reason why they are doing this is that they are not concerned about the price of BTC - they are just dollar cost averaging into BTC instead of trying to time the market, which is a really good idea given that BTC is such a volatile asset.

Personally, I don't think that Microstrategy is a great investment vehicle given their company structure, but their investment philosphy is admirable.

Bollexz1

member

Activity: 868

Merit: 12

If people like Micheal Saylor co-founder (Microstrategy) could insist on buying Bitcoin, that is sensing to you how big and huge potential the inventory is. Bitcoin indeed remain one of the biggest project ever invented.

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

Indicates that there are companies which do really trust up Bitcoin which is really a plus or add up into the adoption and would be some catalyst for other companies in doing the same thing.
Just let them be if they decide to accumulate because they do saw the opportunity that it could give in future years to come but somehow risk would be always there.
Adoption is still on the move and time will tell on how far we would able to reach out.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

This a great expectations that waits a good outcome, and exactly I've seen a futuristic advantage that Bitcoin has. If possible ATH breaks again $60k would be the best predictions this year before we go beyond than that. Once these great companies ventures on digital currency, for sure others will do.

Spack17

sr. member

Activity: 1638

Merit: 273

This kind of news can be seen as FUDs also I think. The companies which continue to buy Bitcoin can't have a direct effect on the price for some time. And this is actually better that it prevents Bitcoin from being manipulated very easily in this way. But it is still a good thing that these companies are doing. They are helping the adoption rate increase as it incentivizes people to buy also.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: cafucafucafu on September 16, 2021, 05:50:28 AM

I think that it is a completely rational strategy.

They can diversify a lot of the risk away from their position just buy dollar cost averaging, which is why they are accumulating so much.

I do think that their bet is going to pay off big time over the long run - they're holding these coins for who knows how long, and are effectively reducing the supply of coins as well.

Since they are continuously accumulating bitcoin, it means, they have strong belief that bitcoin will have bright future. Because if they don't believe its potential, they won't accumulate more. It shows that this company is trusting their funds on btc investments. I guess, some companies are also doing the same strategy but not disclosing to the public.

Kittygalore

member

Activity: 868

Merit: 63

Quote from: cafucafucafu on September 16, 2021, 05:50:28 AM

I think that it is a completely rational strategy.

They can diversify a lot of the risk away from their position just buy dollar cost averaging, which is why they are accumulating so much.

I do think that their bet is going to pay off big time over the long run - they're holding these coins for who knows how long, and are effectively reducing the supply of coins as well.

Not just diversification but also prospects, I mean look at how them profiting from those bitcoins that they've bought back when bitcoin was still not this big, they were making profit at that time too so why wouldn't they get this opportunity?

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: thayes09 on September 13, 2021, 07:58:11 PM

Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?

I do believe that security that these companies have for their coins is huge. However I also believe that they have insurance for these type of things as well, meaning even if somehow they get their things stolen then they will be paid that much amount as well. Which could be even good for crypto, how?

Well, let's assume that they do get hacked and all of their coins get stolen, that means insurance will pay them that much and they will likely to use that to buy some more, which is awesome and I like that and it will increase the price of it, on the other hand the stolen coins would be a hard time to spend or sell as well which means it will not be dropping the price too much, or even if it ever did then it won't be all at once. So, this company getting hacked and all that money stolen could mean an increase in the price of bitcoin in the long run.

cafucafucafu

hero member

Activity: 812

Merit: 509

I think that it is a completely rational strategy.

They can diversify a lot of the risk away from their position just buy dollar cost averaging, which is why they are accumulating so much.

I do think that their bet is going to pay off big time over the long run - they're holding these coins for who knows how long, and are effectively reducing the supply of coins as well.

Topic: Microsteel keeps buying into BTC (Read 400 times)