Topic: MicroStrategy Bought More BTC - page 3. (Read 406 times)
This is yet another piece of positive news for the bitcoin community as MicroStrategy, a big company, continues to add bitcoin to their portfolio. This will raise awareness and interest in bitcoin among those who have trust in such companies. They are taking full advantage of the market to acquire additional bitcoins, which will result in a significant profit for them in the future. They've bought another 5,445 Bitcoin for a total amount of $147.3 million. I wouldn't be shocked if they add more before the bull run; they've expressed a strong interest in this project and are working hard to complete it in order to increase their earnings later.
It is a good news as to how fast this would also steer other organisations to adopt Bitcoin and also making it a payment option to their businesses. So far, this is the only organisation I have heard and seen online that are fully into supporting the Bitcoin evolution. Their purchase of Bitcoin is someworth having a positive impart on the other businesses leading them to follow up step of micro strategy as they are doing. I can boldly tell that this step taken by them would definitely yield positive results in the nearest future and I must say this that come bull run next year, they are aiming for a huge amount of profit as a return for their consistency in the investment on Bitcoin.
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.
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.
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.
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.
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?
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.
I don't quite see the conclusion you're drawing, it's neither a big milestone in what MSTR is doing which has been doing DCA Bitcoin for a while now nor do I see that supposedly helping adoption. When we talk about adoption we talk about more and more people using Bitcoin and this is the same billionaire buying Bitcoin through his company as he usually does.
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.
If you saw that the price pretty often went down after I farted, would you also say that me farting is not a buying signal?
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.
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.
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.
Their buying of bitcoin has become familiar to us and I think no one will see this as a good sign to buy in. But I also don't consider this a good sign every time large institutions buy the majority of bitcoin, this will boost the popularity of bitcoin but this will make bitcoin increasingly concentrated among the wealthy. The fact that large institutions buy and accumulate the majority of bitcoin is both beneficial and harmful.
Is this good for Bitcoin? Let's forget for a moment the positive impacts on bitcoins whenever Microstrategy buys Bitcoin and think for a moment to think overall for the community if this is bad for one entity to hold so much Bitcoin. I looked through the company's profile and found out that their shareholders are mostly big investment companies. Well for worth is worth, their stock price would keep increasing that way, they can get more money to buy more Bitcoins.
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.
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
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
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.
It is a good news as to how fast this would also steer other organisations to adopt Bitcoin and also making it a payment option to their businesses. So far, this is the only organisation I have heard and seen online that are fully into supporting the Bitcoin evolution. Their purchase of Bitcoin is someworth having a positive impart on the other businesses leading them to follow up step of micro strategy as they are doing. I can boldly tell that this step taken by them would definitely yield positive results in the nearest future and I must say this that come bull run next year, they are aiming for a huge amount of profit as a return for their consistency in the investment on Bitcoin.
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
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
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