Topic: MicroStrategy Acquires Additional 480 Bitcoins - page 3. (Read 612 times)
Another very good move from the biggest corporate bitcoin holder of the world! That is what happens when small fishes neglect the opportunity of buying cheap bitcoin: the whales take it all and gain more influence on the market, while nothing change at the average fishes' lives. At same time it's a great propaganda for bitcoin to see big money coming in, it's not so positive because bitcoin is getting more centralized on the same investors' hands. 480 investors acquiring 1 bitcoin each would be more interesting than 1 investor acquiring 480 bitcoins alone...
Is there a link to this news about buying of 480 bitcoins by MicroStrategy?
They always tweet it and they have done this time: https://twitter.com/saylor/status/1542117682207678465?s=20
There was speculation on here before that a dump normally happens after microstrategy buys (though they might've bought a dump themselves this time).
There was also talk here about the trouble Microstrategy were going to find themselves
in because of this dip we are in now, theres the answer, trouble averted!
I recon we can be fairly certain Michael bought himself also! Like him or Loathe him,
he definitely puts his money where his mouth is!
This clearly shows how the Bitcoin price went down every time Mr. Saylor bought a "dip". His buying is very stupid as per the norms of an institution.
Won't lie, I have some better buying's as an Individual than his whole org. I wish I had enough money lol.
Not really. He bought consolidation, dips, rallies and tops. He bought it all. He's not buying for price increase this year or next, but for the next decade. If you notice MSTR bought 69K (over half) between $10K and $22K. Apart from a dodgy 19.5K buy above $50K, in 2021 with price above $50K he only bought small increments. Late 2021 he bought 13.5K more, which was probably a bit too optimistic, but as was the market.
The fact that he's currently underwater with an average of $30K while price is undervalued I very much doubt is a concern for him. It's like having an average of $6K in 2018 or 2019 before price drops in half twice after. In the long-term, multi-year time-frame, having a average of $6K was/is pretty decent. Notice that MSTR has been buying Bitcoin for almost two years (since August 2020). The 2 Year MA is around $37K, so he's actually outperformed DCA considerably.
Good news with microStrategy acquires additional 480 bitcoins and still holding about 129,699 bitcoins, but I think need to know its true or not with MicroStrategy really hold bitcoin until nowadays. But hope give good impact with added 480 bitcoins as investment assets because many people and new company will trust allowed what did by MicroStrategy. Right now just brave company and people want to re invest with bitcoin after price drop drastically from $30,000 become $20,000 on this post created. Will bitcoin back later to higher price and make MicroStrategy reach much profit with bitcoin investment? or have another bad thing with bitcoin will back drop again to lower price.
This clearly shows how the Bitcoin price went down every time Mr. Saylor bought a "dip". His buying is very stupid as per the norms of an institution.
Won't lie, I have some better buying's as an Individual than his whole org. I wish I had enough money lol.
Anybody want to start a betting line as to how soon the anti BTC / trolls in general come out of the woodwork with
1) MicroStrategy is manipulating the price posts.
2) MicroStrategy will have to liquidate positions soon posts.
3) MicroStrategy has no more funds to invest posts.
As was posted above 480BTC although out of reach for most people. For a decent sized investment company it is really not that bad.
Nobody for the most part would even notice if a company with their holdings bought $10 million of medium-high risk bonds.
-Dave
1) MicroStrategy is manipulating the price posts.
2) MicroStrategy will have to liquidate positions soon posts.
3) MicroStrategy has no more funds to invest posts.
As was posted above 480BTC although out of reach for most people. For a decent sized investment company it is really not that bad.
Nobody for the most part would even notice if a company with their holdings bought $10 million of medium-high risk bonds.
-Dave
Man trying to DCA with millions. 
I wonder how many buys has it been? Has to be one of the smallest (this was 0.3% of total)... if it's been one of 100 buys yeah, great DCA, otherwise not really heh. Can't say as I don't follow, I'd be coughing blood to buy 0.48 BTC haha
Here's one chart I found from here. You're right that out of all the buys it's pretty insignificant, looks like another "loose change" buy, roughly 10% of quarterly earnings. His strategy isn't really DCA in the context of buying the same amount each time, it's simply based on buying as much as possible. In this case, just a bit of revenue by looks of it. Otherwise known as a "hopium" buy looking at similar small purchases.
480.. is that all
it must be wednesday
it must be wednesday
Man trying to DCA with millions.
I wonder how many buys has it been? Has to be one of the smallest (this was 0.3% of total)... if it's been one of 100 buys yeah, great DCA, otherwise not really heh. Can't say as I don't follow, I'd be coughing blood to buy 0.48 BTC haha
Still, strong hands beget strong hands. I remember your post -- are YOU out of the game already or?
Is there a link to this news about buying of 480 bitcoins by MicroStrategy?
They always tweet it and they have done this time: https://twitter.com/saylor/status/1542117682207678465?s=20
There was speculation on here before that a dump normally happens after microstrategy buys (though they might've bought a dump themselves this time).
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin.
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Man trying to DCA with millions.
Is there a link to this news about buying of 480 bitcoins by MicroStrategy?As of 6/28/22 MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Man trying to DCA with millions.
What will the alarmists say to this, shouting that bitcoin will soon die, will cost 0, and that we need to get rid of the depreciating asset as soon as possible? Oh yes, sell so companies like MicroStrategy buy for ~$20K and then sell like you when it's worth $100K.
Man trying to DCA with millions.
That's a seven figure number. It's fair enough for a company. For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years.
MicroStrategy could be an example that it's never late in crypto.
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin.
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Man trying to DCA with millions.
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Man trying to DCA with millions.
This is a good aspect for Bitcoin. We can see that the use of Bitcoin and the love for Bitcoin is increasing among the people. But for some FUDs many are giving up interest in bitcoin but I think one day they will regret it. DCA plays a huge role in cryptocurrency and anyone who invests in compliance with DCA can succeed in Crypto.
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin.
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Man trying to DCA with millions.
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Man trying to DCA with millions.
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