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Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ (Read 14144 times)

legendary
Activity: 3654
Merit: 9972
Self-Custody is a right. Say no to"Non-custodial"
I posted this and then saw JJG's post addressing my previous one, so I wasn't ignoring it, just didn't see it.  Once again, I'm not attacking Saylor and you're most likely right about the insider trading thing.  That's why I said I wasn't sure.  Just take what I say with a grain of salt and perhaps un-wedge that stick you have lodged in your behind.

hahahaha

I don't have anything against you.

I think that you might well be a fine chap, and from time to time, I even agree with some points that you make in various topics... .. .

It is just that it seem that you might not understand dee cornz very well, which contributes to my feeling some needs to respond to some of the points that you make - which are meant to be substantive disagreements that I generally tend to back up with either argument and/or facts, even though you have been registered on this forum for 9 years and 7 days..  Happy belated anniversary..
legendary
Activity: 3234
Merit: 6706
Proudly Cycling Merits for Foxpup
No you got this right, HODL was a typo back at the time. But it's quite funny that he turned it into some poker semantics: "Know when to HOLD, no when to FOLD".
I think the inaccuracy about the origin of "HODL" outweighs any chuckles I get from that reference to that old song about poker, which just doesn't fit.  Anyway, that was my mini-rant about journalists getting facts wrong.  A lot.

@The Sceptical Chymist did you find that screenshot today as it says "4 hours ago"? There are several reports about Saylor selling shares and I doubt those reports are wrong. He is incrementally selling quite frequently. When you google "Saylor buying MSTR", you'll get zero results. So there has to be some truth to it.
Yeah, I read the last couple of posts in this thread, posted myself, and then went to Yahoo Finance to check news on MSTR.  I figured I'd look at the comments section and found what I showed in that screenshot, so it's very recent.  And I wouldn't think Michael Saylor would be buying any more shares of MSTR at this point.  If anything he'd probably be putting his own money into bitcoin.

I can't even see the point in holding MSTR instead of BTC. I don't get it. What would a good reason be to hold MSTR instead of BTC? Any ideas? I am mainly talking/asking about retail investors.
Well, MSTR was being traded before any of the bitcoin involvement, right?  Microstrategy does have a business aside from just holding bitcoin, but at this point so much of the company's worth is dependent on bitcoin's price that the short sellers might have a point about its valuation.  Can't say that for sure since I haven't done (and am not going to) the mathematical analysis, so that's why I'm just going to break out the popcorn and see if anything unfolds.

MSTR is probably overvalued just like most of the stock market, so perhaps a solid correction in its price would be healthy.  We shall see.

Edit:  I posted this and then saw JJG's post addressing my previous one, so I wasn't ignoring it, just didn't see it.  Once again, I'm not attacking Saylor and you're most likely right about the insider trading thing.  That's why I said I wasn't sure.  Just take what I say with a grain of salt and perhaps un-wedge that stick you have lodged in your behind.
sr. member
Activity: 826
Merit: 266
So far the most comical thing about this cycle to me is fans of MSTR. They all talk about how great Saylor is and how he’s going to be Bitcoin’s savior. Meanwhile he’s dumping MSTR on them as fast as he can while his company buys more. He’s literally dumping MSTR as fast as he can and buying BTC, meanwhile his fans are dumping BTC to buy MSTR. It has to be rare where people call someone a genius and then do the exact opposite of them or maybe this is just the level of intellect in markets these days.
He does it for MicroStrategy and his own benefits and consequently his company stock has good price discovery since big decision to invest in Bitcoin since September 2020.

MICHAEL SAYLOR⚡ (MICROSTRATEGY) PORTFOLIO TRACKER
MicroStrategy is winning big

MicroStrategy and Michael, MSTR investors are winning big and it's good for them but I disagree with people who call Michael and MicroStrategy as Bitcoin saviors. They are not only investors in Bitcoin market and if they did not buy 214,245 BTC, there will be other investors buy those bitcoins. It's a free market and people must understand that in a bear market, purchases from MicroStrategy can not stop Bitcoin falls and in a bull market, price will rise without purchases from MicroStrategy.
legendary
Activity: 3654
Merit: 9972
Self-Custody is a right. Say no to"Non-custodial"
.......
Edit 2: Ah, it looks like bitebits' post above alluded to Saylor selling some shares, which is different from exercising options.  He probably did get some warning about short sellers or anticipated it or whatever, who knows?  On the other hand, if he got tipped off and acted on that as a result (which I'm not accusing him of, since I don't have access to the info he has), that might be a no-no in the SEC's eyes.  I don't know if advanced warning of short selling constitutes insider trading or not, but again, this is an interesting situation that I intend to keep my eyes on.

Oh gawd...  Roll Eyes Roll Eyes Roll Eyes  You seem to want to latch onto almost anything in order to argue your various interpretations of either potential bad actor status to Saylor and/or MSTR, or to figure out some kind of way in which this whole thing is going to blow up on him...

And your various theories are not even that great and seem to be somewhat selective spins rather than being in the ballpark of objective.

You seem to ignore or downplay the fact that Saylor already announced that he would be selling shares  (exercising options that were due to expire) within this quarter and perhaps dragging out longer, and you seem to not even understand some of the outrageously fortunate circumstances that Saylor is in since his share price is going up at outrageous rates and he can both use that fact to leverage and to buy more BTC and he can simultaneously sell shares that he did not even have (except that they were options to be able to have them) while buying BTC for his personal stash through those proceeds.

Any of those entities shorting may well end up getting reckt as fuck since they are trying to act as if the leverage on BTC is a bad play when BTC remains in its current location of noman's land (which is the price range that is within about 20% of the previous ATH, which is around $55k to $82k), while at the same time opening new kinds of buyers and buy channels that are still in their earliest stages of ongoingly putting UPpity price pressures on BTC.. so if you consider that either BTC or MSTR is top-ish in these circumstances, then you seem to be living in a dream.. and yeah, Saylor is going to attract a lot of haters. and no coiners/low coiners, bitcoin naysayers blah blah blah who are wanting (wishing) to see his failure (and bitcoin's) failure, but they (just like you) are going to have to keep on crying harder...

Yeah, sure anything can happen.. but it just seems that facts and UPpity BTC market dynamics are way the fuck against betting against either BTC and/or MSTR and/or the strategy that Saylor is employing.. and yeah, maybe charges could be trumped up since traditional finance folks and governments are in a desperate as fuck state of affairs regarding their own stake in several aspects of the perilous dollar/fiat debt system that seems to be crashing in a lot of places.. while ongoing rescuing attempts are made, that include ongoing lying to people.. which yeah, people (including you) may well believe some of the misinformation that's being fed and/or failing/refusing to recognize the power of the cornz and that Saylor/MSTR is working within acceptable loopholes in the system.. and if anyone is going to go after him, they are likely going to have to jump through a bunch of baloney loopholes, just like you seem to be cheering on.. with your ongoing anticipation of some kind of desire to say "I told you so" .. which instead you should be attempting to be more humble in regards to really attempting to figure out what is really going on with the traditional debt laden financial system and the way that MSTR, Saylor and BTC's role in that is being played... including that the spot ETF approvals and the various actual marketing of BTC by BIG ASS financial players..

[edited out]
Yes it is true as it seems that Saylor has been quite transparent about it (or had to be transparent about it?). I am not fully into his buying/selling record concerning MSTR shares, but you can find a few reports where it became public that he sold shares several times when in fact you would expect the opposite considering his public communication.

You seem to be going along with various narratives too much tiCeR.. Saylor is transparent, overly transparent and even a BIG mouth about a lot of what he is doing, and yeah, maybe it will end up backfiring for him, even though he is working within the system and seems to have a lot of great counsel and even his own creativity contributing to his and MSTR's approach to this.

But let's face it, whatever he knew about the short selling, he is doing the right thing (unless this is some insider shit, which would of course make it illegal).

Even though The Sceptical Chymist mentioned that knowing about shorters or the potential for shorters to potentially be "insider information," that sounds like a looney as fuck theory.  There may well be a need to look up the meaning of insider information that pertains to operations within the company rather than what the market may or may not be potentially going to be doing.

You can short a company to death, but you can't BTC to death.

That is part of the problem, because shorts will especially work if there is some flaws in the fundamental value, and so surely shorting MSTR has a lot of parallels to shorting BTC, which seems like nearly a retarded move. .and good luck to the shorters, they are most likely going to need luck in order to be successful.. depending on how far they are trying to go with it..

Surely there could be some short term shorting that might end up being successful to get in and out of the trade, but yeah, these matters can surely end up blowing up on even purportedly smart shorters who might not completely realize the dynamite that they are playing with.. .. all fun and games until someone's eyes get poked out.

That is why I am surprised that (if OgNasty is right) people would instead accept a more complex risk exposure when they sell BTC and buy shares in a company. But it's you, nobody can really tell who is buying and selling what.

Even though we cannot really know who is who, OgNasty ends up being correct in terms of his framing that there are a large number of folks who are choosing to buy and/or to continue to hold MSTR shares rather than BTC, and yeah it adds extra risk in terms of considering whether MSTR will continue to outperform purely holding BTC if we are merely talking about playing the price exposure to BTC, yet at the same time, there are some players who may well be way more ready, willing and able to buy something like a share rather than buying BTC directly.. and so even if they are not exactly willing and/or capable of holding BTC directly, it would still not be incorrect for OgNasty to characterize them as folks who are choosing to hold MSTR over BTC and also to characterize Saylor as someone who is selling MSTR and buying BTC with it.... and so even if OgNasty might be wanting to point out hypocrisy and contradictory behaviors, the situation does not seem to be even close to as contradictory as he seems to be describing it to be, especially since Saylor is already way overly exposed to MSTR shares and his selling of options is not really materially or significantly diluting Saylor's control over the company, and the company is even better off with Saylor buying so many fucking BTC, whether it is for his personal stash or the other ways that he is employing MSTR's various leveraging vehicles to accomplish similar kinds of ongoing buying of BTC.

[edited out]
No you got this right, HODL was a typo back at the time. But it's quite funny that he turned it into some poker semantics: "Know when to HOLD, no when to FOLD".

And of course it is a good play off of the lyrics or the famous "The Gambler" song by Kenny Rogers, too.

[edited out]
Again another good catch which I wasn't aware of and I find that whole Saylor case interesting and am paying attention to it whenever I got some time to follow up on the news, but this is pretty suspicious! Wow. @The Sceptical Chymist did you find that screenshot today as it says "4 hours ago"? There are several reports about Saylor selling shares and I doubt those reports are wrong. He is incrementally selling quite frequently. When you google "Saylor buying MSTR", you'll get zero results. So there has to be some truth to it.

Of course it is true that Saylor is selling MSTR shares and he is not buying them and he claims to be largely buying personal BTC with the MSTR shares that he is selling... even though we cannot completely verify that he is actually buying personal BTC.. but there is no real reason to doubt him, either even though it is likely optional regarding what he actually spends the money on once he sells the MSTR shares.. whether that is actually BTC or hookers, lambos and blow.. and perhaps additional yachts .. but I speculate that there might be some feelings of diminishing returns in terms of how many hookers, lambo, blow or yachts a 59 year old single guy is going to want to have.

But again, if he is allowed to then he is doing the right thing.

Of course, he is allowed to.  You need to come up with some pretty good legal theory or just make shit up if you are wanting to argue that he is not allowed to do what he is doing, which surely there are a lot of MSTR/Saylor/BTC haters who are jumping through such hoops to engage in their own fantasies about what is permissible or not

MSTR will most likely have limits or less potential to increase in price than BTC.

Where do you get those speculations regarding potentiality?  Surely, I am not going to fuck around with buying MSTR, but the mere fact that MSTR's main business seems to be being dwarft by BTC purchases and even that some folks (including in these here parts) had already speculated in late 2023-ish to sell MSTR and buy GBTC and even had decently good reasons to execute that trade, yet that surely would not have had been a great trade, even though GBTC's discount window did end up getting closed into being quite close to the underlying NAV.

I can't even see the point in holding MSTR instead of BTC. I don't get it. What would a good reason be to hold MSTR instead of BTC? Any ideas? I am mainly talking/asking about retail investors.

There might not be a reason for a retail investor, except for wanting to play a bit of potential leverage, which seems not very necessary, even though there surely are still a lot of retail who are buying MSTR rather than BTC (and maybe many of them hold both).. . and yeah, there are some institutions and other kinds of buyers of MSTR who are not able to hold BTC directly with the kind of account that they are dealing with, whether it is some kind of a retirement account or other restrictions and/or difficulties to hold BTC directly, and some of them might even consider MSTR to serve as an even more efficient and forward-looking ETF than the actual ETFs because of the kinds of leveraging that Saylor does and the fact that Saylor seems to be such a BTC lunatic... some of the investors into MSTR are going to love that angle of Saylor and how he is deploying MSTR's capital in such an aggressive way.
donator
Activity: 4648
Merit: 4006
Leading Crypto Sports Betting & Casino Platform
Regarding the Shorting report, I read it, and it is a very basic math.
Everyone that bought MSTR recently should have done his homework knowing that he was buying Bitcoin at the double of the face value.

Yes, I've been saying this as well.  Buyers can make the argument that the BTC per share is increasing, thus justifying a premium...  However, for a fund it makes perfect sense to go very long Bitcoin and then hedge your bet with a MSTR short.  If Bitcoin falls, MSTR will fall much more and if Bitcoin rises you can enjoy the appreciation while hoping that eventually the % premium on MSTR shares drops as people no longer want to pay double for BTC that is already expensive and it becomes clear that MSTR will not be able to double their stack or investors no longer want risk to debt exposure.
legendary
Activity: 2114
Merit: 15144
Fully fledged Merit Cycler - Golden Feather 22-23
So far the most comical thing about this cycle to me is fans of MSTR. They all talk about how great Saylor is and how he’s going to be Bitcoin’s savior. Meanwhile he’s dumping MSTR on them as fast as he can while his company buys more. He’s literally dumping MSTR as fast as he can and buying BTC, meanwhile his fans are dumping BTC to buy MSTR. It has to be rare where people call someone a genius and then do the exact opposite of them or maybe this is just the level of intellect in markets these days.
Good catch here as I didn't look into his buying/selling behavior with respect to MSTR shares. Interesting. But what I don't get now is why would someone sell BTC to then buy a small share in a company that is essentially comprised of BTC investments?

Oh wow, is that actually true?  If so, that's just strange--unless Saylor predicted MSTR was going to be the target of short sellers, which was exactly what happened today (if the news is to believed, of course).  

And speaking of the news and in particular that article I linked to, check this out:



Now correct me if I'm wrong, but HODL never was short for "Hold On for Dear Life" but simply a typo in a post made here a long time ago that people picked up and ran with.  Freakin' media.  Also: with respect to OgNasty's assertion that Saylor's fans are buying MSTR, there's no real way of knowing who's buying what so I think that's a leap of logic right there.

Edit:

Whilst browsing through the Yahoo comments, I found this:



So, looks like it's true that Saylor was dumping MSTR (granted, I haven't looked at the referenced filings).  I'm not sure how big of a deal that is, since CEOs and other execs sell shares in their own companies all the time, which they're allowed to do.  This is all interesting, though.

HODL is definitely a mistype born on this very forum (precisely, here).

Regarding the Shorting report, I read it, and it is a very basic math.
Everyone that bought MSTR recently should have done his homework knowing that he was buying Bitcoin at the double of the face value.
The report is here:




hero member
Activity: 1666
Merit: 743
...
Good catch here as I didn't look into his buying/selling behavior with respect to MSTR shares. Interesting. But what I don't get now is why would someone sell BTC to then buy a small share in a company that is essentially comprised of BTC investments?

Oh wow, is that actually true?  If so, that's just strange--unless Saylor predicted MSTR was going to be the target of short sellers, which was exactly what happened today (if the news is to believed, of course).  

Yes it is true as it seems that Saylor has been quite transparent about it (or had to be transparent about it?). I am not fully into his buying/selling record concerning MSTR shares, but you can find a few reports where it became public that he sold shares several times when in fact you would expect the opposite considering his public communication. But let's face it, whatever he knew about the short selling, he is doing the right thing (unless this is some insider shit, which would of course make it illegal). You can short a company to death, but you can't BTC to death. That is why I am surprised that (if OgNasty is right) people would instead accept a more complex risk exposure when they sell BTC and buy shares in a company. But it's you, nobody can really tell who is buying and selling what.


And speaking of the news and in particular that article I linked to, check this out:



Now correct me if I'm wrong, but HODL never was short for "Hold On for Dear Life" but simply a typo in a post made here a long time ago that people picked up and ran with.  Freakin' media.  Also: with respect to OgNasty's assertion that Saylor's fans are buying MSTR, there's no real way of knowing who's buying what so I think that's a leap of logic right there.

No you got this right, HODL was a typo back at the time. But it's quite funny that he turned it into some poker semantics: "Know when to HOLD, no when to FOLD".

Edit:

Whilst browsing through the Yahoo comments, I found this:



So, looks like it's true that Saylor was dumping MSTR (granted, I haven't looked at the referenced filings).  I'm not sure how big of a deal that is, since CEOs and other execs sell shares in their own companies all the time, which they're allowed to do.  This is all interesting, though.

Again another good catch which I wasn't aware of and I find that whole Saylor case interesting and am paying attention to it whenever I got some time to follow up on the news, but this is pretty suspicious! Wow. @The Sceptical Chymist did you find that screenshot today as it says "4 hours ago"? There are several reports about Saylor selling shares and I doubt those reports are wrong. He is incrementally selling quite frequently. When you google "Saylor buying MSTR", you'll get zero results. So there has to be some truth to it.

But again, if he is allowed to then he is doing the right thing. MSTR will most likely have limits or less potential to increase in price than BTC. I can't even see the point in holding MSTR instead of BTC. I don't get it. What would a good reason be to hold MSTR instead of BTC? Any ideas? I am mainly talking/asking about retail investors.
legendary
Activity: 3234
Merit: 6706
Proudly Cycling Merits for Foxpup
So far the most comical thing about this cycle to me is fans of MSTR. They all talk about how great Saylor is and how he’s going to be Bitcoin’s savior. Meanwhile he’s dumping MSTR on them as fast as he can while his company buys more. He’s literally dumping MSTR as fast as he can and buying BTC, meanwhile his fans are dumping BTC to buy MSTR. It has to be rare where people call someone a genius and then do the exact opposite of them or maybe this is just the level of intellect in markets these days.
Good catch here as I didn't look into his buying/selling behavior with respect to MSTR shares. Interesting. But what I don't get now is why would someone sell BTC to then buy a small share in a company that is essentially comprised of BTC investments?

Oh wow, is that actually true?  If so, that's just strange--unless Saylor predicted MSTR was going to be the target of short sellers, which was exactly what happened today (if the news is to believed, of course).  

And speaking of the news and in particular that article I linked to, check this out:



Now correct me if I'm wrong, but HODL never was short for "Hold On for Dear Life" but simply a typo in a post made here a long time ago that people picked up and ran with.  Freakin' media.  Also: with respect to OgNasty's assertion that Saylor's fans are buying MSTR, there's no real way of knowing who's buying what so I think that's a leap of logic right there.

Edit:

Whilst browsing through the Yahoo comments, I found this:



So, looks like it's true that Saylor was dumping MSTR (granted, I haven't looked at the referenced filings).  I'm not sure how big of a deal that is, since CEOs and other execs sell shares in their own companies all the time, which they're allowed to do.  This is all interesting, though.

Edit 2: Ah, it looks like bitebits' post above alluded to Saylor selling some shares, which is different from exercising options.  He probably did get some warning about short sellers or anticipated it or whatever, who knows?  On the other hand, if he got tipped off and acted on that as a result (which I'm not accusing him of, since I don't have access to the info he has), that might be a no-no in the SEC's eyes.  I don't know if advanced warning of short selling constitutes insider trading or not, but again, this is an interesting situation that I intend to keep my eyes on.
hero member
Activity: 1666
Merit: 743
So far the most comical thing about this cycle to me is fans of MSTR. They all talk about how great Saylor is and how he’s going to be Bitcoin’s savior. Meanwhile he’s dumping MSTR on them as fast as he can while his company buys more. He’s literally dumping MSTR as fast as he can and buying BTC, meanwhile his fans are dumping BTC to buy MSTR. It has to be rare where people call someone a genius and then do the exact opposite of them or maybe this is just the level of intellect in markets these days.

Good catch here as I didn't look into his buying/selling behavior with respect to MSTR shares. Interesting. But what I don't get now is why would someone sell BTC to then buy a small share in a company that is essentially comprised of BTC investments? From what I understand Microstrategy has a more diversified exposure than BTC only, but at the end of the day I think their positioning in public clearly will lead to a significant correlation of the MSTR share price with the BTC price. I guess that is why you called those people "fans". Without really knowing what they are doing, they are selling precious BTC just to get a share in the company of their BTC "savior" as you said. Still a weird decision to make though.
donator
Activity: 4648
Merit: 4006
Leading Crypto Sports Betting & Casino Platform
So far the most comical thing about this cycle to me is fans of MSTR. They all talk about how great Saylor is and how he’s going to be Bitcoin’s savior. Meanwhile he’s dumping MSTR on them as fast as he can while his company buys more. He’s literally dumping MSTR as fast as he can and buying BTC, meanwhile his fans are dumping BTC to buy MSTR. It has to be rare where people call someone a genius and then do the exact opposite of them or maybe this is just the level of intellect in markets these days.
hero member
Activity: 1666
Merit: 743


Saylor got a point here as so many actors are now getting involved. Governments, institutions/organizations, corporations, everyone. I think in the future BTC will be one of the assets that the whole world looks at to see what might be going on.

I don't know whether I missed that news recently and I wonder when Blackrock began acquiring BTC, but I found this pretty impressive:



Blackrock's BTC holdings are approaching 250,000 and they are by far not the only player in the game next to MicroStrategy. BTC will become so big that it will serve as a value preservation and hedge instrument even for companies as big as Blackrock and it will have an impact on international political economy. I can't predict the endgame for BTC obviously (if there ever is one), but I think it will have more and more impact in all kinds of different aspects and in a decade from now there is probably no person on earth that has not heard about it.
legendary
Activity: 2114
Merit: 15144
Fully fledged Merit Cycler - Golden Feather 22-23
They found pennies in an old pants pockets to buy some more:




I would say this time they were happily served by the market.
No green candle.

I believe what your saying is they’re at a loss right now but In the long run with our expectations for btc isn’t it just a temporal loss but a win for them by just acquiring some amount of btc because the price will eventually go way higher than it is right now.

Actually they are not in a loss, rather their average price is quite lower than this.
They are sitting on huge unrealised profit. Also for this reason they are looking to the accounting principles reform allowing to transfer such gain into their fiscal statement.
newbie
Activity: 68
Merit: 0
They found pennies in an old pants pockets to buy some more:

https://www.talkimg.com/images/2024/03/19/JynL8.jpeg


I would say this time they were happily served by the market.
No green candle.

I believe what your saying is they’re at a loss right now but In the long run with our expectations for btc isn’t it just a temporal loss but a win for them by just acquiring some amount of btc because the price will eventually go way higher than it is right now.
legendary
Activity: 2188
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Flippin' burgers since 1163.
^

[...] Saylor is selling MSTR options that he got 10 years ago that will otherwise expire. 5000 shares per day in Q1. Saylor has been fully transparent about this in their Q4 financial results. He buys bitcoin privately with the proceeds.

"Here is the YTD overview of the options exercised by the $MSTR executives and officers. Saylor has 120,000 left to exercise from his current award.  24 trading days left of his 5,000 a day exercise activity:"


https://x.com/BenWerkman/status/1771612423142707239
member
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Eloncoin.org - Mars, here we come!
Michael Saylor in an interview, said that he chose Bitcoin because Bitcoin is the winner and he has no reason to choose losers like fiat currencies, bonds for MicroStrategy. So it does not make sense to sell bitcoins.

Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'.

Quote
“We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,” he said.

So far MicroStrategy are investing with this strategy but soon we will see how they stick with this strategy or will take profit in future.

I believe they will stick with this strategy because Bitcoin is actually the winner. Its price is volatile in short term but in long term, it is damn strong and gives best ROI. Not only the winner, but gives best ROI.

https://casebitcoin.com/charts#roi_chart

I only wish more retail investors would understand this and adopt a perspective of long term holding, many people are only in bitcoin for quick profits from the bull and end up selling when the price has reached a certain high level, but don't they ever wonder why these big companies Don’t sell, they know what others don't and from Michael saylor Comment that shows a lot, to him bitcoin is a far better asset than all others and they is no need to sell to have faits or to buy any other asset, this guy sees a future that many don't and I won't be surprised if he becomes an icon in wealth in the next few years.


From Michael Saylor himself #Bitcoin is wining

Source - https://twitter.com/saylor/status/1771638958906110426
hero member
Activity: 896
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Not Your Keys, Not Your Bitcoin
I only wish more retail investors would understand this and adopt a perspective of long term holding, many people are only in bitcoin for quick profits from the bull and end up selling when the price has reached a certain high level, but don't they ever wonder why these big companies Don’t sell, they know what others don't and from Michael saylor Comment that shows a lot, to him bitcoin is a far better asset than all others and they is no need to sell to have faits or to buy any other asset, this guy sees a future that many don't and I won't be surprised if he becomes an icon in wealth in the next few years.

Everyone can't be like Michael Saylor and his company. Some people like their quick profits and it favour them and I'm cool by it, Microstrategy has money to do what they want but the rest don't have like them and they also.has access to borrow funds from any company to buy more because they are capitalizing on low leverage, their liquidation should still be below $20k, if anything unexpected comes up, the can still find their way out and stay liquid.

My only fear is that the government is watching and I can't say for sure if Microstrategy don't have cockroach in their cupboard when SEC start investigating, they are now currently the highest institutional investors with lots of Bitcoin, if SEC comes after them and see some foul game, the will fine them and you know what happened next if such news spread outside, Bitcoin price will be affected.
member
Activity: 168
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#SWGT PRE-SALE IS LIVE
I have seen this news in many places but I didn't believe it, I thought maybe it was fake news, but after seeing your post, I can fully believe it because I was surprised to see this issue of buying bitcoin, that's why the price of bitcoin has increased so much.  But anyway, I tried to share some news, sorry if wrong.




MicroStrategy, the Nasdaq-listed business intelligence company, has become the first publicly-traded company to buy bitcoin as part of its capital allocation strategy.

The company announced on Tuesday that it has purchased 21,454 bitcoins (currently worth over $250 million). MicroStrategy first revealed its plan to buy bitcoin as a way to avoid inflation on July 28.

Read More....
News Link :- https://www.theblock.co/linked/74534/microstrategy-becomes-first-listed-company-to-buy-bitcoin



hero member
Activity: 2170
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setiap strategy mengelola aplikasi menjadikan perangkat lunak

harus seorang membuka peluang ide untuk ke depan nya agar tercapai suatu keiginan intrumen ke uang an ini dapat
memberikan keuntungan ke naikan berinvestasi di cripto berdasar kan suatu sentimen

dengan tingkat keamanan dan kesulitan berbeda nilai mata uang
tapi bitcoin menjadikan lebih mudah dan maksimal lebih masuk akal

When you discuss on a global board such as Economics, it's a good idea to use proper English and not need to use your own regional language. This topic is about MicroStrategy and recently MicroStrategy has acquired an additional 9,245 BTC for $623.0 million using proceeds from convertible notes & excess cash for $67,382 per #bitcoin . On 3/18/24, $MSTR hodls 214,246 $BTC acquired for $7.53 billion at an average price of $35,160 per bitcoin. You can read it here microstrategy.com or directly on Michael Saylor's Twitter account.
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setiap strategy mengelola aplikasi menjadikan perangkat lunak

harus seorang membuka peluang ide untuk ke depan nya agar tercapai suatu keiginan intrumen ke uang an ini dapat
memberikan keuntungan ke naikan berinvestasi di cripto berdasar kan suatu sentimen

dengan tingkat keamanan dan kesulitan berbeda nilai mata uang
tapi bitcoin menjadikan lebih mudah dan maksimal lebih masuk akal
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Activity: 98
Merit: 55
Eloncoin.org - Mars, here we come!
Michael Saylor in an interview, said that he chose Bitcoin because Bitcoin is the winner and he has no reason to choose losers like fiat currencies, bonds for MicroStrategy. So it does not make sense to sell bitcoins.

Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'.

Quote
“We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,” he said.

So far MicroStrategy are investing with this strategy but soon we will see how they stick with this strategy or will take profit in future.

I believe they will stick with this strategy because Bitcoin is actually the winner. Its price is volatile in short term but in long term, it is damn strong and gives best ROI. Not only the winner, but gives best ROI.

https://casebitcoin.com/charts#roi_chart

I only wish more retail investors would understand this and adopt a perspective of long term holding, many people are only in bitcoin for quick profits from the bull and end up selling when the price has reached a certain high level, but don't they ever wonder why these big companies Don’t sell, they know what others don't and from Michael saylor Comment that shows a lot, to him bitcoin is a far better asset than all others and they is no need to sell to have faits or to buy any other asset, this guy sees a future that many don't and I won't be surprised if he becomes an icon in wealth in the next few years.
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