Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.

Nrcewker

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Quote from: Catenaccio on December 28, 2023, 01:26:29 AM

Quote from: ColdLava40 on December 28, 2023, 01:08:03 AM

What do you think?

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker.
https://saylortracker.com/

They get approximately 38% ROI and in value, their estimated profit is $2.2B.

Definitely in order to get profits only they are buying now. They know the value of Bitcoins and they also know that Bitcoins are limited in numbers, hence before the price of Bitcoins crosses the new ATH price, they are planning to buy as many as they can. Once the price reach their target they will definitely sell the coins to make the maximum profit from it. We need to just buy and hold that’s the best strategy we can adapt to make profit.

shepherd_gee

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Those who have the fore eyes like this are the greatest investors in life, be it crypto or any other investment strategy. I envy him via his huge profit but no one know how many times he lost in the process. Time, patience and perseverance is the key to acquire such a huge amount in Bitcoin investment. Congratulations Michael and more grace to your elbow. I will say I would love to be like you, but deep down I don't know what had really trespassed all this years

kryptqnick

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Some companies are smart enough to realize that they can make decent profit if they invest in Bitcoin, others aren't. Microstrategy is in the first low. If they obtained more BTC recently, perhaps they expect the price to rise soon. But that doesn't mean that they actually care about Bitcoin or that they will continue supporting it if it stops being profitable to them. So it's important not to put faith in corporations when it comes to Bitcoin adoption. They can sell their coins just as easily as they can buy them, and the more they obtain, the higher the impact of a sell-out might be in the future.

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lixer

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Quote from: Catenaccio on December 28, 2023, 01:26:29 AM

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

So? Isn't that what every investor does? It's all about holding for a certain amount of time until you get your desired profit and then sell. That's what individual investors do and that's what institutional investors do as well. No one needs to trust MicroStrategy or any other institutional investor or even individual investor, they are just setting an example of how Bitcoin investment can be profitable and people should just see that and nothing else.

It's their money and their strategy whether they want to sell now or later or whenever they want, we need to plan our investments according to our profit target and personal goals and not according to how another individual or institutional investor is doing it. They have huge investments, so they are surely going to get great profit when they sell during the bull run.

Cryptomultiplier

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What Michael Saylor is doing with Microstrategy by accumulating BTC is nothing more than a normal whale investor ploy. Am sure by the time he starts selling some of the already accumulated coins during a bull run, every small time holder would find it hard to get some because of the price rise by then.

I like the fact that he is a strategist and has long term vision to uphold, but what I like the most is that he has acted already and if am right, he has set such purchase to automatically DCA on regular basis, until he decides otherwise.

uchegod-21

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Quote from: ColdLava40 on December 28, 2023, 01:08:03 AM

As of 26 December, while others were celebrating Christmas with various activities, s/amp.fxempire.com/en/crypto-news-today-microstrategy-buys-more-btc-before-spot-etf-approvals/1398754]Microstrategy were celebrating theirs with further addition of 14,620 Bitcoin which worth $615M. Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B, which guarantees a very good profit in the next Bull market and beyond.

Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.

What do you think?

Gone are the days I get thrilled by the news of Micro Strategy buying bitcoin. I have seen that Micro strategy buys bitcoin statically. Even if they do not time well, they will also correct their timing in the next buying. When I was so amazed is when MSG bought but bitcoin at the region of $50ķ, when the market moved the bear direction, they didn't give up, rather they bought more bitcoin just like what El Salvador did.

Quote from: riantolie on December 28, 2023, 01:35:18 AM

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

I don't know if you see it like centralization is coming or something like that. However, I still agree with you that MSTR having huge amount of bitcoin can also impact the market negatively. Imagine they announce that they are selling all their bitcoin. The market will crash massively

Lucius

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Quote from: ColdLava40 on December 28, 2023, 01:08:03 AM

~snip~
Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.
What do you think?

Do you think anyone is still reacting to what Saylor is doing? If you look at history, maybe the first purchase had some kind of FOMO effect, but everything after that passed almost as if it never happened. Saylor, unfortunately, is not someone to whom the masses worship, as is the case with Mr. Mars or someone from his category.

Quote from: Catenaccio on December 28, 2023, 01:26:29 AM

Don't trust them. They will sell their bitcoins in future.
They are a strong investor and strong hodler but they will sell bitcoins in future.

What does trust have to do with this case? Saylor is an entrepreneur who invests in Bitcoin for profit, as most ordinary people do. It is completely irrelevant whether and when he will sell all or only a part, because every day approximately $20 billion worth of BTC is traded and this is a completely legitimate thing. We cannot say that the one who buys is good and the one who sells is bad, that simply does not make sense.

salad daging

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Get carried away because of what? Is it because Microstrategy buys we have to follow it, isn't that a good idea for those of us who are active on bitcoin? Unless Microstrategy sells all the bitcoin it has then we can say don't get carried away.

I did the same thing that Microstrategy did but they did it in large quantities but I did it in small amounts but the accumulation will continue by means of the DCA method and that is one of the things that has been done to date to accumulate more bitcoin.

I will not be surprised if many institutions make millions of dollars in purchases, what we think about how to do that without looking at others while we just focus on what we can afford to spend on bitcoin.

DeathAngel

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Saylor is relentless isn’t he, he/MSTR will not stop until he/they own at least 1% of all the Bitcoin that will ever exist. They are not far away from that milestone already, such an incredible feat. At one stage they were at a large loss in unrealised ROI. Now though they are massively in unrealised profit. In the words f the great man himself, ‘there is no second best’ , ‘it’s going up forever.’

moneystery

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Quote from: riantolie on December 28, 2023, 01:35:18 AM

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

you have to differentiate between an individual and a company. michael saylor is only a top official at microstrategy, there are several other top officials who have an interest and influence on the company's decisions. so if you say that michael saylor owns the bitcoin, you are wrong, the one who owns the bitcoin is microstrategy which was purchased with investors' and company money. so when michael saylor wanted to sell the bitcoin, he had to get approval from microstrategy officials and investors.

but it is possible that microstrategy sells their bitcoin in the future, as tesla did some time ago. however, it is possible that they did not sell all their assets, only a few percent to get a profit to develop their business or for other reasons, and that is very understandable considering that they are a company that invests in bitcoin for profit

KiaKia

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Carrried away by what? That Microstrategy bought some Bitcoin? It doesn't matter, this doesn't mean Bitcoin won't dump anymore and it also doesn't clear that ETF can't get dissapproved in January, but after everything, Bitcoin is still Bitcoin and it will do what its needed to do.

No one should be carried away by what these people are doing, because it doesn't matter, yesterday I say a news where cathie wood claimed to have sold all her Bitcoin, like she knew something is about to happen, but I still don't care, because I am in for the long run.

There is no cause for alarm if your plan is for the long run, bull market will happen at the right time.

yazher

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That's the best strategy you could have when investing in bitcoins because we cannot afford to take the risk like others have done where they sold their houses just to buy bitcoins and live in a tent for the rest of their life or until the bitcoin price will increase drastically. this is extreme and we don't want this kind of behavior, what we need to do is to continue buying it, especially when the price is low and we don't want to listen to any FUDS but we only have the patience to hold it until the day the price of bitcoins explode again.

Dimitri94

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Microstrategy has been buying Bitcoin regularly since 2020 and many other small and large firms like it are trying to grow their Bitcoin portfolio. Anyone who is more or less buying bitcoins according to their means will multiply their wealth in the coming bull market. We also know of the country of El Salvador who are probably buying bitcoins regularly even though their portfolios are not very large but they are trying. Although there is no official announcement, they might reveal that in the future particularly when bitcoin reach to high.

We often say that in the future only institutional investors will be able to buy Bitcoin, which is evidenced by such cases. There may be many other companies like Microstrategy that are collecting Bitcoins but they are not making any official announcements. For those who believe in Bitcoin and envision holding Bitcoin, this may be the right time. There are some institutional investors who have very large Bitcoin portfolios. Last year we heard a lot of companies that were looking forward to growing their Bitcoin portfolios.

Tesla
Galaxy Digital Holdings
Block, Inc
Voyager Digital LTD
Marathon Digital Holdings Inc
Riot Blockchain, Inc ‍and many more.

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Quote from: ColdLava40 on December 28, 2023, 01:08:03 AM

Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.

You're right, there's nothing bad even if we can't get to that stage microstrategy was, we can also make use of our own little potential to invest the capacity we could afford and hodl, bitcoin is known to be a profitable asset of investment, there's more to discover about bitcoin and we shouldn't believe in the circular that is going through the social media about bitcoin being accumulated by microstrategy and turned centralized, that's impossible, a currency cannot be hold or controlled by a single entity, not even when it's a decentralized digital currency like bitcoin, we can take confidence in this alone and make the actual capacity of what we can also Invest right before the bullrun started.

benalexis12

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Most of us here in the community can accumulate but cannot invest a huge amount of Bitcoin. Maybe even with just one bitcoin, most of us here will not be able to do anything, or it will be rare among the communities here on the forum platform to be able to buy at least one bitcoin.

But we have a lesson that can be learned from them, because if big companies or famous people accumulate a large value of Bitcoin, how much more can we just ordinary people who, even with just a coin amount, can still accumulate Bitcoin or another cryptocurrency?

khiholangkang

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I feel incapable if I have to do the same thing as Saylor, and my bitcoin is just a bunch of dust that even to get to the accumulation of 1 BTC is very difficult.

But even so I also don't want to lose to Saylor, even though my purchase is small, but I am collecting bitcoins for myself too, it would be great if I could sell bitcoins at a higher price than the price Saylor chose to take profits, this sounds funny, but I am quite burning in the accumulation of bitcoins in 2023 for a brighter 2024.

The lower buying price I did from the microstrategy buying price, it was a revelation for me, I think you are the same. Grin

The Sceptical Chymist

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Quote from: ColdLava40 on December 28, 2023, 01:08:03 AM

Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.

Because not all of us are wealthy, not all of us even have enough spare money to invest in an amount of bitcoin that's likely to make a difference in the future (and that's assuming it hits $100k or higher). And most importantly, Saylor isn't using his own money to make these purchases with as far as I know; he's using Microstrategy's money. I'd say 99.999% of members here don't have enough control over a business such that they can use its coffers to invest in bitcoin.

And man, I figured the last time he bought bitcoin wouldn't be his final purchase. I'm just wondering how much he's eventually going to acquire. I also wonder how he's buying it, whether it's on exchanges or through some behind-the-scenes deal so as not to move the market. I don't know if that's ever been disclosed.

One other thought, which I've expressed before, is what happens if and when MSTR needs to liquidate a substantial amount of the bitcoin they have. I don't know if it's enough to drop the price or not, but it certainly isn't a small number of coins they own.

bayu7adi

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dont be greedy

Many Bitcoin holders feel elated when large institutions buy substantial amounts of Bitcoin. It's like adding confidence for all Bitcoin holders that storing BTC will be safe in the long run. Whales joining in also signals that retail investors are on the right track.

But remember, every investor can sell their BTC assets at any time, and will Bitcoin holders still be happy with that decision? I doubt it. There will be a bearish market at that time, causing many to panic and sell their assets. What's unavoidable is that some of them will sell at a lower price than their purchase price.

Please be mindful of that too. Don't celebrate prematurely because we don't know what the big players are thinking.

adaseb

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He has a pretty smart strategy. Basically offering shares in exchange for capital which he uses to buy more bitcoin. I think he upped his buys because he used to buy $500M every 2 months but he bought over $1B in the last month I think.

I am guessing he knows the etf will be approved and the price will go vertical and it will be the end of his accumulation. I don’t think he wants to buy the top again and ruin his average like last time.

Hope he doesn’t sell his stash soon however.

Topic: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away. (Read 349 times)