Topic: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away. - page 2. (Read 343 times)

I think you guys are grossly overestimating the number of long-term HODLERS. Anyone with a half-decent brain knows how tough it is to HODL in the long-term which is why they are a minority when compared to the majority who are short-term HODLERS.

This is pretty much a known fact and it doesn't really matter whether ya'll agree or not. Think!

They have been doing this for years now, against the advice of their competitor in the Fiat financial system, so I hope this pays off for their shareholders, so that they can silence their critics. 😋👌

They still have their "software" company, but "Bitcoin" has become their "core" focus now, so they are realy risking it all on Bitcoin.
Bitcoin has out performed all other financial investment options this year, so they are doing very good with their Bitcoin project.

I disagree with a few in terms of people that can HODL bitcoin for a long time, it just might look like there's a few because they don't really say too much that they're hodling for a really long time because they're not that worried about what you're going to say and it's not really our business to know who's a diamond hands or not. That volatility that you're so scared about is actually a good reason as to why people are still accumulating, they can buy bitcoin whenever they want and they won't worry too much about not being able to buy again because the price is going to go down anyway due to the volatility of bitcoin.

I think you greatly underestimate how many people hold long term. There are many millions of us. Just because you for some reason sell for short term gains doesn't mean that's what everyone does or is what people normally do. HODL has been a major meme with Bitcoin for many years so its a very normal thing to hold Bitcoin for the long term. I'd recommend being more like the rest of us and start to accumulate Bitcoin long term rather than just selling anytime you've made a profit. That's just called trading. You can trade, but you should also being building long term holdings like most people do.

He doesn't own it. His company does. That's a very different thing. Anyway there's nothing wrong with someone (or some company) being smart and accumulating a lot of Bitcoin. Just like anyone his company is free to purchase as much Bitcoin as they want. And it'll get harder and harder for them to purchase Bitcoin as the price rises.

That's easier said than done op. Buying an entire BTC these days is difficult and only some people can afford to do that. Most people including me accumulate parts of BTC and sell it in the short-term for quick returns.

Very, very few have the patience and guts to HODL their BTC stash for a long, long time primarily thanks to the extreme volatility of this market.

This is becoming scary already. Don't you think that it would have sound more safe if there are top companies or individuals who also have large amount of Bitcoin as Microstrategy ?.

I guess we must have said the same thing for Elon musk before he sold his Bitcoin. We can't really trust anyone since they can't held accountable for selling their Bitcoin.

From your point here, I think we might even start to experience Bitcoin scarcity before the mining process comes to an end. When majority of the Bitcoin keeps going to certain hands, then there is something to be scared of.

No one is actually stating that they will hold forever. And besides, you can't compare Tesla's accumulation to what Microstrategy has done over the years. Only a speculation about microstrategy selling their Bitcoin can impact negatively on the market.

Well, this shouldn't be a debate at all. Micheal saylor happens to be the co-founder of Microstrategy, so every purchased made is describe as Microstrategy's property. Addressing as Michael saylor's purchase isn't a bad idea either, but note that it belongs to the body that makes up microstrategy.

Great news, I love Saylor's dedication and I hope his company succeeds.


Try to get it before the price explodes. Once ETFs get an established position among investors, which will take up to a year, most of us, people with normal gobs and average wages will never be able to afford 1 bitcoin. You'll look at the past with regret thinking about the good old days when you could sell your house and buy a few bitcoin, or save up for a year and buy one.
I suspect that in 2025 selling an apartment won't allow you to buy a whole bitcoin, unless it's located in one of the most expensive places like London or New York.

There's another way to get into Bitcoin - a lump sum investment. This is for those who have a lot of money or wants to liquidate other assets and invest in Bitcoin. For them there's no reason to buy Bitcoin slowly unless it's in a bear market and the price is expected to keep falling. But we are in a bull market so it's impoartnt to get coin asap and maybe even be ready to sell them soon and buy back after the new bear market starts.

Don't you think by this statement, it's just like saying "Electric Motors" is owned by Tesla and not "Elon Musk", how does that sound in your ear? Because that's the exact scenario you are trying to portray here, because we all already know that it was he Michael Saylor who founded "MicroStrategy" a software analytics company, together with his fraternity brother "Sanju Bansal" in 1992, which since then he has been the CEO and now Chairperson of the company, and as such, I doubt if there will be any bitcoin lover who will agree with you that Michal has just only owns 17,732 and not 189,150.

Of course. Continuous accumulation of Bitcoin should be encouraged individually no matter how small it is. Microstrategy shouldn't be the only investor making profits during the coming events in 2024.

Indeed, they are very strong when it comes to Bitcoin holding, by selling their Bitcoin in the future, is there a probability that the market would be affected, resulting to a decline in price?.

At some point, they will sell for them to secure their profit.
I mean they're investors in the first place so why do people look at them like their bad already because they're selling their Bitcoin holdings?

Tesla also sold their Bitcoin holdings, and it didn't have that much effect at all on the crypto market. What do you expect? They will hold it forever? Only a stupid investor will think that way LOL. Those who are saying that they will hold Bitcoin forever are stupid because they will at some point sell their holdings and so does Microstrategy.

Microstrategy continues to buy because they're capable of it, and they believe that investing in Bitcoin = profit for them. What's the big deal?

The continuous accumulation is necessary but it also matters at what price it is getting bought. I have read various users talking about it and even I am also following the same since couple of years: the DCA. Thats the technique most of the investors use and the effect is even better if assets are bought in the bulk. Now when it comes to microstrategy things are obviously in the millions of dollars. So even a slight change in the market price can easily make them huge profits. If you study these financial institutes then they have upper hand of moving the market or at least stimulating it due to their mega purchases. Thats what happening here and yes let us not get carried away with this purchase. Better focus on DCA with our small purchases.

The fact that you aren't worried means that a lot of things have gone wrong already. I know it used to be the wishes of Bitcoin enthusiasts for Bitcoin to start getting recognized by the big players like Microstrategy but it has it downsides. Bitcoin was originally created to be an open and distributed network but it won't be if a large chunk of the supply is controlled by big corporations like Microsoft, Grayscale, etc. Even Telsa sold their bitcoin when they felt it was right and caused turbulence in the market.

As more and more big players acquired more bitcoins from the smaller users, they'd drive the price so high that it'd because a rich person thing.

Microstrategy is a software and cloud-based company in US and all the Bitcoin you are around is owned by the company and not Micheal. According to some latest report, Micheal Saylor in person has about 17,732 and Microstrategy as a company has a total of 189,150 as last reported, I'm not sure if Micheal acquisition of personal Bitcoin has increased but he doesn't own all the Bitcoin. However, he owned about 24.2% share of the company which makes him the biggest shareholder and that is why he is representing the company and always agitate for bitcoin adoption.

What I fear is the rate at which they buy bitcoin and take all the bitcoins from weak hands and a time will come when the bitcoin community will be weak, all the power will be shifted to the institutional investors because they are holding large junks of bitcoin. Now imagine the total circulation, if 60% is been held by this group of people, are we going to have a say on how decentralized the Bitcoin network will be, I don't think so because by then, they will want to be in control of their investment and not with some boys that claim tech guru.

Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.
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He is the only one buying and holding, we have many of them who are secretly buying without making noise, now imagine if all of them decided to do what they like? You really want to trust a man that has billions invested in Bitcoin and you expect him to think like a typical person? They will sell when they want, remember that Elon was more bullish than he is right now but what happened in the end, he flipped his followers and sold more than 70% and went to face his cyber trucks.

Well, there is nothing to worry about as I am now broke got no more money that I can use to buy Bitcoin. We are talking here of an organization with a lot of resources...this is a big whale...so there is no use to also use the strategy Microstrategy is using though of course if one has the money then it would be good to buy more and more as BTC is poised to achieve - in most probability - a new ATH in 2024...and there is a big chance the price can even go beyond $100K. Now this is just speculation, for sure do not trust me or anyone else.

Well it doesn't work like that.
The clause;  "invest what you can afford to lose" has a very vital impact in the actions investors take , especially those in the crypto space. We know Bitcoin can be trusted to a very high extent giving its performance over the years. However as an investor we should never ignore the fact that it is still a crypto currency. Therefore "invest what you can afford to lose" acts more like a fail safe , or backup plan for investors in the crypto space.

Investing more than you can afford to lose sometimes comes with a whole lot of profit in the end but it is also accompanied by great risks.

Don't forget to keep your keys safe

Yeah they'll sell when the time comes, just hope they'll be in a bad mood to announce their sale in public. However, the sale wont be in one round considering the large liquidity requirement to cash it. Unless MS intends to buy real goods with it in the future, say a prospective city in the Middle East.

This is a completely valid concern, and the worst part about the accumulation is that it has been done via debt instruments as well, which gives MS an unfair strategy over other investors...


When raising debt in order to buy Bitcoin, no, of course no one can hold Bitcoin forever. What MS and MS (funny, Micro Strategy and Michael Saylor - same initials) are doing is leveraging debt to accumulate more Bitcoin. This guarantees the sale of Bitcoin at some stage. Sure, the amount of Bitcoin sold to repay the debt may be minuscule in the future, however it also depends on market timing. If the debt is due at a detrimental time, Microstrategy could be hurt severely.

If no debt was involved, there's actually no reason for anyone to sell if there is no pressure to. There might very well be no need for fiat in the future world, so Bitcoin could become preferable over fiat in the long future, Bitcoin's ex-changeability to a payment-focused altcoin or technology could be the way to move from store of value (bitcoin) to daily transacting (new payment-focused/cash technology) in the future.