Microstrategy Acquires 14,620 Bitcoin, Don't get carried away. - page 3.

Fiatless

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

What do you think?

Unlike Elon Musk who has been inconsistent in his support of Bitcoin, Michael Saylor is a strong believer in the cryptocurrency. He has been one of the vocal voices speaking up for the sector even in times of fierce attacks. I am not surprised Microstrategy is still buying because the firm has the backing of someone who believes in the potential of Bitcoin. People keep asking if it is too late to buy Bitcoin, but I think this news is a good response to them that it is never too late because Bitcoin has so much future potential.

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.

Does anyone intend to hodl Bitcoin forever? I think Bitcoin investors will sell the coins when they get to the predicted price in the future. Every investor intends to make a profit, hence it is not out of place for Microstrategy to sell and make money in the future.

CODE200

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I don't think that slowing down is what Michael Saylor has on his mind, but he's definitely going to influence the market given the notoriety that he's getting when he's on the news or whenever he does something that's related to bitcoin or crypto, I think we can't help it when people overreact or when they don't know what to do. I guess we just have to hope that we have bought enough bitcoin so we don't worry too much whatever happens to the market, that's the only thing that we can do.

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.

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.

flyingcarpet

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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?

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

Everyone can invest the amount they want, no one can interfere with this, but we cannot ignore the risks of high amounts of investment. Microstrategy's purchase of Bitcoin and keeping it on the agenda is good news for Bitcoin, but this situation may also reverse in the future. What I mean is that if a person or institution holds a large amount of Bitcoin and starts selling it in the future, this will inevitably affect the market negatively. There's nothing to prevent this.

Institutions and companies that purchase Bitcoin have a significant impact on increasing the price of Bitcoin and diversifying their investors. While talking about the positive aspects of such investors, we should also be aware of the negative situation that will arise in case of sale.

riantolie

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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.

CryptoHeadlineNews

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

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,

If we are to work with the figure you just gave above as the total amount of Bitcoin Microstrategy currently has @ 189,150 BTC, then I think with the current price of Bitcoin at $43,100 per BTC, then it's accumulative worth is actually more than $5B, as it's currently up to $8B (i.e 189,150 x $43,100 = $8,152,365,000). Hence, this should be a sign for us all to keep accumulating ours just as Microstrategy has done theirs, if we really wants to reap good profit after the price of Bitcoin start skyrocketing after next year's halving.

Catenaccio

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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.

ColdLava40

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As of 26 December, while others were celebrating Christmas with various activities, 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?

Topic: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away. - page 3. (Read 375 times)