MicroStrategy Bought More BTC | Bitcointalksearch.org

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Quote from: Dr.Bitcoin_Strange on September 27, 2023, 09:39:42 AM

Quote from: Faisal2202 on September 25, 2023, 08:01:13 AM

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that.

This is not just about holding for the mean time and seeing a small jump in the price; during some market conditions, any time a huge volume of bitcoin is also sold, it also affects the market. Although it's good to always see individuals and institutions investing a huge amount of money in bitcoin, Micro Strategy has always been a big player in the space for about three years now.

That's not surprising because they are big players who also have a lot of money to buy large amounts of bitcoin.
They will be happy when they see that the bitcoin price can go down because that means they can buy more and save it until the target selling price comes.
But we shouldn't be impressed by what they do because they can do it easily and we should also consider collecting more bitcoins.
We have to focus more on buying bitcoin because we also have different goals from the Micro Strategy so we should return to ourselves to look for opportunities to buy bitcoin again.

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I am no longer surprised that MicroStrategy buys more and more bitcoin every time. I think this is great news!

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Quote from: Faisal2202 on September 25, 2023, 08:01:13 AM

How many of you found it a good news?

Seem like the good news spreading every day and everywhere to welcome the halving. I am not surprised about it because investors who understand the situation will buy as much as possible. Probably, many investors out there buy Bitcoin in secret, not published like Saylor did. This will make the Bitcoin price explosion in the near future if they buy again at the same time, this is called bullish, and I am really sure many people going to be late to buy, many will miss the train, and buy bitcoin at 3x the price from now.

Don't miss it, and don't be late because time is running out.

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Quote from: Faisal2202 on September 25, 2023, 08:01:13 AM

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that.

This is not just about holding for the mean time and seeing a small jump in the price; during some market conditions, any time a huge volume of bitcoin is also sold, it also affects the market. Although it's good to always see individuals and institutions investing a huge amount of money in bitcoin, Micro Strategy has always been a big player in the space for about three years now.

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Quote from: adaseb on September 25, 2023, 11:38:07 PM

It seems like he buys every 2 months or so. From what I read he has like $600m left to purchase more. Most likely he will be buying around $75M every month until he depletes all those funds.

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

This might be because he might be the only whale who is presently buying bitcoin. If there were other whales and institutional investors joining him like cousin Elon or grandma Cathie Wood, we would certainly would have witnessed bitcoin pump to $40k already.

There are people in this thread who reckon that the dump after Saylor's announcement was a coincidence or it was time to sell the news, Saylor top signal. I disagree with these. Saylor is the only one buying with size. Saylor is the recent top creator of last week's top.

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Quote from: Inwestour on September 26, 2023, 01:47:58 PM

Quote from: Hamza2424 on September 26, 2023, 10:36:18 AM

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

MicroStrategy is bought regardless of the market situation, if you look at their purchasing history, their strategy is very simple and I think I will believe Taylor when he said that MicroStrategy will buy everytime, when they have such an opportunity. Their average purchase price is about 30k, which I think is a pretty good price considering how much Bitcoin they have. Certainly in a bull market, MicroStrategy could become a very serious player.

It is going to be very interesting to see how all of this turns out, while other billionaires denounce bitcoin Saylor is all-in in bitcoin and regardless of what happens it will be a spectacle, if bitcoin fails to produce the profits Saylor is expecting then it is possible his company could go bankrupt, but if he is successful and bitcoin goes up in value dramatically during the next bull run, something the majority of the users of this forum hope for, then his profits on paper will be very high, but if he wants to materialize them he will need to sell, which will cause a tremendous drop on this market.

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Quote from: Hamza2424 on September 26, 2023, 10:36:18 AM

Quote from: snowpega on September 25, 2023, 08:25:44 AM

Buddy i would say its a big news in postive way when any millioner come on social media and admit the statement they have invested thier big amount into BTC this thing bring trust in other people. Which makes BTC more adoptable and trustable. By seeing these kind of news somehow other organizations also approach to invest thier funds in BTC.

These things makes hight demand of btc which also cause increase in price. This news also relates to bull run for next year because when any know millioner or billioner personalities admit these kind of statement officially that makes positive cahnges in market.

Bro, Bitcoin doesn't need Michael-Saylor, to manifest its potential, Such Buyings do trigger Bullish sentiments but for the credibility establishment it really doesn't matter, it is the charm of Bitcoin and its characteristics that make it believable more authentic, as there was no Michael Saylor or MicroStrategy while Bitcoin was facing hard times with MT GoX, while suffering the China trading Ban, Mining Ban, FTX crash, and other attacks. It was Bitcoin who realized people that this system, this asset has potential, and convinced the investors and community to keep sticking with the Goal and be determined until the Universal asset recognition (Mode of Payment).

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

Usually, these whales will buy bitcoin over the counter and not directly from the exchanges and therefore we do not see much movement in the bitcoin prices.

However, in times when everyone is selling bitcoin and the overall sentiments of the market are bearish, such news gives us hope and insights that people are accumulating bitcoin as we will not find these bitcoin prices next year and beyond.

No matter if MicroStrategy bought that many bitcoins and other institutes buy this much bitcoin, the important thing is how much bitcoin we bought. If we do not accumulate bitcoin in these times, then it's no use seeing other people buying bitcoin. Hope people understand this and invest in BitcoinBTC

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Quote from: OgNasty on September 26, 2023, 02:02:14 PM

This should be a surprise to nobody at this point. Microstrategy is all in on Bitcoin. It is clear by this point that they will keep buying as much as they can with any profit they can get their hands on and if there is investment demand they will issue more shares to raise funds for more Bitcoin. I don’t see this changing anytime soon.

However, Microstrategy's big ambitions regarding its bitcoin investment make many people worried. I obviously don't care how many bitcoins he buys at any average price - but whenever there is a big price increase then people tend to panic for fear that Saylor's large holdings will be sold.

These concerns will obviously occur in a next bullrun - but I wouldn't call Saylor stupid in his sales plans. We probably won't know when he's buying and when he's already selling - unless Saylor announces it.

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This should be a surprise to nobody at this point. Microstrategy is all in on Bitcoin. It is clear by this point that they will keep buying as much as they can with any profit they can get their hands on and if there is investment demand they will issue more shares to raise funds for more Bitcoin. I don’t see this changing anytime soon.

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Quote from: Hamza2424 on September 26, 2023, 10:36:18 AM

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

MicroStrategy is bought regardless of the market situation, if you look at their purchasing history, their strategy is very simple and I think I will believe Taylor when he said that MicroStrategy will buy everytime, when they have such an opportunity. Their average purchase price is about 30k, which I think is a pretty good price considering how much Bitcoin they have. Certainly in a bull market, MicroStrategy could become a very serious player.

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Quote from: The Sceptical Chymist on September 25, 2023, 10:13:31 AM

Quote from: Faisal2202 on September 25, 2023, 08:01:13 AM

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that. How many of you found it a good news?

Not that much for him, but Jesus....I'd never have to work another day in my miserable little life if I had that much bitcoin (lol).

You wouldn't have to work even if you had 100 BTC, to be honest. Wink

I don't know how old you are, but in my case a mere 50 BTC would set me up for the rest of my life.

Quote

I'm not so sure about your assertion that Saylor's purchase is going to have an effect on the supply/demand curve. Bitcoin has gone up a little bit since this news, but the market cap is such that there would have to be a massive, massive purchase made in order to have an effect on the price.

If he was buying on exchanges it would have an effect. Just look at the volumes that move the price. On September 19 someone bought 250 BTC on bitstamp and that moved the price from 27k to 27450.
You can expect that a spot purchase of 5k BTC would get us at least 1k up in price (globally), but this whole week we haven't seen anything like that.

I believe institutions are either buying OTC, or setting buy orders and waiting for scared people to dump into them. Setting floor purchases doesn't affect the price, but takes a lot more time to complete, whicjh they have. They've been doing this for the last year.

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Quote from: snowpega on September 25, 2023, 08:25:44 AM

Buddy i would say its a big news in postive way when any millioner come on social media and admit the statement they have invested thier big amount into BTC this thing bring trust in other people. Which makes BTC more adoptable and trustable. By seeing these kind of news somehow other organizations also approach to invest thier funds in BTC.

These things makes hight demand of btc which also cause increase in price. This news also relates to bull run for next year because when any know millioner or billioner personalities admit these kind of statement officially that makes positive cahnges in market.

Bro, Bitcoin doesn't need Michael-Saylor, to manifest its potential, Such Buyings do trigger Bullish sentiments but for the credibility establishment it really doesn't matter, it is the charm of Bitcoin and its characteristics that make it believable more authentic, as there was no Michael Saylor or MicroStrategy while Bitcoin was facing hard times with MT GoX, while suffering the China trading Ban, Mining Ban, FTX crash, and other attacks. It was Bitcoin who realized people that this system, this asset has potential, and convinced the investors and community to keep sticking with the Goal and be determined until the Universal asset recognition (Mode of Payment).

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

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Quote from: Faisal2202 on September 25, 2023, 08:01:13 AM

Michael Saylor bought around 5,445 more BTC. At an average price tag of $27,053 per Bitcoin and the total investment is around $147.3 million. Which is a big milestone in the adoption of BTC. We all know the adoption of BTC is increasing day by day. This is a good news.

When you talk about bitcoin adoption and possibly its expansion, we should be focused more about new companies that have joined the cryptocurrency industry in order to buy bitcoin. For the case of microstrategy, we have seen them countless times buy bitcoin and hold for a very long time. They even sometimes buy when the price up already. So we are not surprised by the activities of microstrategy. It'll be nice if new people join this race because with the amount of Bitcoin microstrategy is holding, I am beginning to fear manipulation and market control by microstrategy. This is a market of demand and supply with volume the more volume you have the ability to control the market.

Quote from: adaseb on September 25, 2023, 11:38:07 PM

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

MS cannot be at loss even when we knew that the last bull run crashed on MS. The DCA system is powerful that it gives massive profits with small rise in price. If bitcoin touches $30k in few weeks time, it will be a good profit for MS.

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Quote from: KiaKia on September 25, 2023, 10:46:50 AM

That's stupidity at it's core, do you know that many companies have grown bigger because they are build with Bitcoin as their backbone? As Bitcoin grows they also grows, they will take profits but they will always have some Bitcoin, if not, this whales of today won't be whales in crypto space, many early Bitcoin buyers still holds Bitcoin till now, and that's why they are multi-millionaires.

I'm at a loss to come up with more than a couple of names of companies that thrived because of bitcoin, and off the top of my head I'm thinking of MARA, RIOT, and Coinbase--and they're in business to either mine bitcoin or facilitate the trading of it. I'd love to see the list you're referring to, and I mean that sincerely. Overstock might be one, but even though they accept BTC directly I'm not sure if they've grown their business for that reason.

Quote from: KiaKia on September 25, 2023, 10:46:50 AM

Micro Strategy is too smart to dump all their Bitcoin and they aren't the first Bitcoin whales, there are so many Bitcoin whales that the world doesn't know, that's because they aren't running a company like Micro Strategy and we only know them by their Bitcoin addresses.

MSTR is a publicly-traded corporation whose core business is software if I'm not mistaken, so while it's true there are a lot of whales (however that's defined), they're kind of an odd duck. You really can't forget Saylor when you're talking about MSTR and their bitcoin purchases, because those are his decisions.

But no, I doubt he's going to dump all of MSTR's bitcoin. Certainly not all at once. But what if he suddenly died? What do you think the company would do with all the bitcoin he bought?

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Quote from: Poker Player on September 25, 2023, 09:29:12 AM

Quote from: lombok on September 25, 2023, 09:13:57 AM

Honestly, I don't really understand the correlation between BTC price and Microstrategy buying BTC.

There is not as I explained in my previous comment. Or put another way there can be all the correlations you want to make up if the sample is small and there is nothing more to support the supposed correlation than one thing has happened after the other a majority of that small sample of time.

I would guess that the simplest reasoning would be the fact that there is a billion dollar company that ends up spending more and more money into bitcoin, that totals billions of dollars in bitcoin. So, whenever they end up buying, that's a "good" news for the price, maybe not so great for bitcoin itself because it gets more and more centralized with more money they are holding, but it's still quite good and should be considered a profitable idea.

I understand that it's not going to be a simple deal, but it could still be considered a good deal one way or another. I hope that people could do well enough eventually, but that doesn't really mean that we would be doing something that would not be a big deal at all.

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It seems like he buys every 2 months or so. From what I read he has like $600m left to purchase more. Most likely he will be buying around $75M every month until he depletes all those funds.

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

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Quote from: Faisal2202 on September 25, 2023, 08:01:13 AM

How many of you found it a good news?

That sounds good to me and Good news for the industry this week
Another strong quarter with a string of outrageously good quarters on the horizon
Microstrategy is one of the future big market makers for BTC.
Saylor indicator activated...
But the market is not predictable. If the market is predictable, I would not be worried about my life

Always buy the dip and DCA.

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Quote from: bayu7adi on September 25, 2023, 09:24:50 PM

Instead of delighting fellow crypto enthusiasts with his Bitcoin purchases, Micro Strategy seems to capitalize on the publicity generated every time he makes a move.

Do you really believe that? I think that nowadays he doesn't capitalize on anything anymore, because MSTR continuing to do DCA is predictable, monotonous. Yes, he brings out the news that he has made another purchase but that doesn't influence people's thinking as much as it might have done in the beginning. The opposite would be true, however, if he stopped buying or even sold, which would be shocking.

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Quote from: Sophokles on September 25, 2023, 01:46:05 PM

He is accumulating BTC with his DCA strategy. Good for him! But the amount he is holding is alarming, to be honest. Just think if his Twitter account got hacked and the hacker posted a tweet saying, "I am selling my bitcoin." What will happen then? Their intention is to have more publicity and influence over the market. Otherwise, they won't make a public announcement every time he purchases bitcoin.

Instead of delighting fellow crypto enthusiasts with his Bitcoin purchases, Micro Strategy seems to capitalize on the publicity generated every time he makes a move. As far as we know, MS consistently broadcasts his actions after they've been executed, essentially shaping the market after BTC has already been secured. They appear overly confident in the social influence they wield.

While this information is crucial, I'm convinced that their motives are not aligned with the well-being of the crypto space or the crypto community. Instead, MS is pursuing their own gains and indulging in self-enjoyment.

One day, when the selling moment arrives, a minor market dip will likely occur. Some view this as a negative signal, while others maintain faith in Bitcoin due to its price being above MS's DCA level.

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Quote from: Beerwizzard on September 25, 2023, 08:53:59 AM

Just reminding that these news should not be considered as a buying signal. Historically, BTC pretty often is going lower soon after massive Microstrategy purchase. It have pretty much no impact on the price in the momentum and only indicates that one of the major whales is becoming bigger.

Agree, there was a meme I saw before about Microstrategy and this Bitcoin buying, every time they announce to the public that they bought Bitcoin, they are immediately under water from the price they bought.
But for me, it is not really important, is the average buying price will matter, as we all know Microstrategy is one of public company buying Bitcoin during early days and frequently.

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