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.
Or a late dump news. This announcement always come with a dump after being thrown on social media and news as always. Not really sure if they reporting it updated or not but it seems theres a contradictory on what was happening on market. This news should make the market goes up but instead it dumped. Why is that? Its literally happening right after the announcement. 
Topic: MicroStrategy Bought More BTC - page 2. (Read 406 times)
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.
Admittedly, it is a coincidence that every time Microstrategy announces the purchase of more bitcoin, the market will continue to decline over the next few days.
However, it might not be a coincidence. I reckon in moments when the market has low activity, this is where Saylor begins to buy which causes small pumps on bitcoin.
I am also quite aware that this news is bullish but reality has shown that it might only be Saylor who was buying from $25k to $27k with size. After he stopped, the price declined.
Saylor is a business man abs he is using bitcoin to store his funds from depreciation, this is why he keeps on buying bitcoin at lump in different period if time. What I like in his accumulating strategy is that he always buy at the right time, just like he bought now that the price is 27k according to the information.
I don't also think that Saylors bitcoin purchase will have any big effect on bitcoin price and I wouldn't also say that the little change in price was based on his purchase, because for sometimes now the price of bitcoin has been fluctuating within 26k+ to 27k+
I don't also think that Saylors bitcoin purchase will have any big effect on bitcoin price and I wouldn't also say that the little change in price was based on his purchase, because for sometimes now the price of bitcoin has been fluctuating within 26k+ to 27k+
I still have questions about his use of MSTR's money to make the purchases--but the shareholders don't seem to mind as much as I thought they would, so presumably there's not much of an issue with that.
He is a business man and I don't think that the shareholders will say anything on his high purchase of bitcoin because they are all bitcoin lovers and the have seen the potential that bitcoin has. What all investors care about is profit, as long as the profit will come they wouldn't care. 
But we have also observed a pattern in which MS sell their some funds in the last month of the year to save themselves from tax.
They are a company and they have obligations and compliance that needs funding for it. And as they buy, it is expected that the time will come that they have to sell some or most of what they've accumulated. We just don't know when they're going to sell, it could be by the next bull run or so. But do not be surprised if they keep on buying and continuously in that form because they know that this is still a young market and they can earn a huge amount of profit when the right time comes. And every time they're buying, the media is quick in covering them so as the time that they would sell.
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.
How many of you found it a good news?
In my opinion, it's good news, that more money is invested in BTC and more BTC will be on hold and you are right about the demand and supply relation. High demand will definitely cause the BTC price to move it up but you also mentioned they also sell some funds in the last month of the year to avoid taxation.
Maybe that's why to maintain the last BTC holdings they bought more so that when they sell, so the holdings remain the same, and the share of the company and of the holders of their company share won't fluctuate. Due to the selling. I mean they might bought these BTCs to maintain their books so that when they sell books still remain clean as well as the shareholders.
Maybe that's why to maintain the last BTC holdings they bought more so that when they sell, so the holdings remain the same, and the share of the company and of the holders of their company share won't fluctuate. Due to the selling. I mean they might bought these BTCs to maintain their books so that when they sell books still remain clean as well as the shareholders.
Admittedly, it is a coincidence that every time Microstrategy announces the purchase of more bitcoin, the market will continue to decline over the next few days.
You definitely have a valid point, and I did not notice that when they buy BTC market starts to decline, I doubt what would be the cause of it, I did some research but did not find anything useful, I hope you will elaborate on why it happens. 
The company has found a reasonable reason to keep allocating such an amount of funds into Bitcoin from time to time and we can discredit the fact that this is good for the price of BTC mid-term and long term seeing such a significant amount of money melting into Bitcoin. The Big Whales will always want to play the dominant in the game and I kind of see or think that this is the angle at which Michal Saylor through Micro strategy wants to play to position the company in this industry.
Michael Saylor bought around 5,445 more BTC.
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?
Micro Strategy won't buy Bitcoin forever, they will sell it to take profit or just to take part of their investment capital back when they need cash for their business.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?
More details of Micro Strategy investment history in Bitcoin.
They got more new capital from investors and they used part of those new capital to buy bitcoin. If their new capital flow is broken, they will stop or reduce their intensity of Bitcoin buying and they will sell in either of possible scenarios aforementioned, taking profit or needing cash.
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.
Forget about Saylor, there are many Bitcoin Jesus out there that wants every piece that they can get their hands on, it will be harder to buy Bitcoin at this prices in future, Saylor knows better than this, you forever dumps, your chances of buying back lower is slim, look at the past history of Bitcoin, I am sure these people are doing the same.
Okay, whenever Saylor buys, the price starts to decline. This has been a trend in the past so we can clearly see how the price is floating around $26k and can now go back to the $20k level which is such a great price to buy Bitcoin and HODL for the upcoming bull run. It's great that he's still believing in it and wants to keep this stack balanced by buying at these prices. Good for his company in future, today he might be looking a like a clown.
This is some good positive news in the Bitcoin industry. Michael Saylor has taken a step to position himself when it comes to the matter of Bitcoin. But if we look at the market graph, it doesn't seem like it had an impact on making Bitcoin rise a little. Maybe not yet, maybe so.
However, it is possible that Saylor will help in the coming months, as long as what is important now is that those who are trying to save Bitcoin for the future are sure to have a harvest at the right time of the bull run.
However, it is possible that Saylor will help in the coming months, as long as what is important now is that those who are trying to save Bitcoin for the future are sure to have a harvest at the right time of the bull run.
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.
That guy is truly a Bitcoin enthusiast and he trusts Bitcoin a lot. He may accumulate more Bitcoin in future and I believe that average price of $27,053 is awesome price tag to acquire that many Bitcoin. Surely Bitcoin's price will go much higher during the next bull run and he will still hold his Bitcoin investment. I believe that he'll sell some Bitcoin during the peaks of the next bull run and that way the share price of the MicroStrategy will continue to grow in value if his investment grows during the next bull run.
he is not DCA'ing on a regular basis.. he is sporadic inventing. randomly buying at different times of the year with no pattern
Very true, if he was following the DCA strategy then he would acquire more Bitcoin each week or month but if we see his investments then they aren't taking place each week or each month. I believe that the guy buys during the high intensity dips and whenever he sees those dips he accumulates more Bitcoin. That's what we can guess right now because we don't really have details about the pattern that he follows.
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.
Now the total holdings of MicroStrategy is around 158,245 BTC which is worth around $4.68 billion, bought at an average price tag of $29,582 per Bitcoin. This also shows that DCA is better for long-term investments. But we have also observed a pattern in which MS sell their some funds in the last month of the year to save themselves from tax.
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?
https://bitcoinmagazine.com/business/michael-saylors-microstrategy-buys-5445-bitcoin-147-3-million
Well, this news can go both ways; positive and negative. For the positives, this can cause a lot of buzz in the market and probably investors can follow his footsteps and purchase which might lead to an upward movement in price of Bitcoin. As a major player in the Bitcoin world, his influence could help quell FUD.Now the total holdings of MicroStrategy is around 158,245 BTC which is worth around $4.68 billion, bought at an average price tag of $29,582 per Bitcoin. This also shows that DCA is better for long-term investments. But we have also observed a pattern in which MS sell their some funds in the last month of the year to save themselves from tax.
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?
https://bitcoinmagazine.com/business/michael-saylors-microstrategy-buys-5445-bitcoin-147-3-million
And for the negative? There's no way the need for market manipulation won't come into play as he has purchased a total of 158,245BTC. Saylor has the belief that buying one Bitcoin gives the holder an ownership of 1/21,000,000 of all the money in the network and while some might say he's making such a statement from an investor angle, I feel if there's a way to hold Bitcoin for a select elite, he'd do it.
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). 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. Plus Saylor isn't the only person or institution out there with deep pockets buying bitcoin, so I'm indifferent.
Anyone know what his endgame is as far as how much he wants to acquire? I'm not sure if I've ever read anything about that. The way he's going, it's like no amount of bitcoin is ever going to be enough for him. I kind of admire that, though I still have questions about his use of MSTR's money to make the purchases--but the shareholders don't seem to mind as much as I thought they would, so presumably there's not much of an issue with that.
he is not DCA'ing on a regular basis.. he is sporadic inventing. randomly buying at different times of the year with no pattern
I think buying bitcoin in such large quantities will give MicroStrategy a huge profit when the bull season comes, but not give us any profit. But why do people feel so happy? I agree that large institutions and corporations participating in bitcoin holdings will create more popularity for bitcoin, but if they only focus on profits and are willing to dump bitcoin when they reach their profit target. Is that still a good thing for bitcoin? And they will do it again and again, they will manipulate the market to their will, is that good?
The rate at which microstrategy buy their bitcoin is fast increasing as ever because they have always seen opportunities in doing so, most often, what we only hear is when they make move on buying more bitcoin and we hardly heard about anything concerning if they sell or release any, they understand the market potential with bitcoin and just as this October had already been viewed by many, there's more indication that the market may rise and make some changes to pull out of the prolonged dip, this is another additional benefits on microstrategy for holding more additional bitcoin for profitability.
I'll put it another way: past correlations are of little use in guessing the future and if they are of any use at all it is because the sample is large and there is more to support the hypothesis than a certain regularity in the sample.
I still don't understand this correlation. However, what I am sure of is that this happened naturally, where BTC had to fall in price to coincide with the MSTR buying action.
Well, the purists would tell you that Bitcoin was not designed for centralized mega-entities to go hoarding, no matter how much of a Bitcoin influencer is at the helm.
Large companies like MSTR make purchases and hodl BTC, which does not necessarily mean that their goal is to make a big profit when the value of BTC rises. We don't know for sure what MSTR's intention is to just buy and hold (in the sense of investment), or whether MSTR make it buy and hold so that later they will also adopt BTC and its technology into their company (here adopting means accepting blockchain and BTC innovation and then implementing it in the system company). Of course these two directions will have different impacts on the value of BTC in the future.
We also need to be aware that this action taken by MSTR could also backfire if BTC experiences a sharp price decline which could affect MSTR's liquidity.
Good or bad news is always a matter of perspective. In my view it would be better if those thousands were bought by small investors. Bitcoin consolidation in a few pairs of hand is not quite good as it creates base for potential market manipulation with the intent to rob the retail holders. Holding of 158,245 BTC leaves manipulation wide open.
The only way to manipulate Bitcoin price is need all the existed Bitcoins, 150K BTC that Micro Strategy hold is still far from 19 Millions. It's true they might announce they sell their coins or buy more coins, or their activity are been watched by whale alert. But if people are concerned about huge amount of Bitcoins moved, it's safe to assume they're not a real Bitcoin holders as they can't trust with their own decision.
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Honestly, I don't really understand the correlation between BTC price and Microstrategy buying BTC. Many people say everywhere that if MSTR buys BTC it means there will be a price drop in BTC. But let's draw a straight line properly. Isn't this great news, a large institution is buying and Hodl BTC. As long as these institutions/companies buy and hodl, it means that BTC is increasingly popular as an investment which will have the impact of increasing prices in the long term. Plus BTC has limited stock and will also face the halving?
In fact, the Bitcoin adoption of these big whales organizations looks good. But here I see something a little different, Because the more Bitcoin adoption these whales have, the more they can try to manipulate the market.Perhaps the adoption of Bitcoin by such a large organization may increase interest in adoption among the public, but this is how I see it. I don't think large scale Bitcoin adoption will only be good for these big institutions, but instead I think large scale people adopting Bitcoin will be a plus point for Bitcoin and the cryptocurrency industry.
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