Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 7. (Read 21629 times)

If you think that matters, then you have a right to believe such a thing and have fun playing with your pet rocks and attributing meaningful and/or substantial monetary value on such basis.

Sure people have all kinds of ways of valuing things subjectively, so the question still regards the extent to which any of that adds up to monetary value.

We could also describe all kinds of assets that have monetary value such as residential property or art or collectables, and they are inefficient in their being used as monetary value..especially when they have monetary premium because people are challenged in regard to where they are storing their monetary value.

Sure houses and those other items that I mentioned are still going to have value, yet the monetary premium will be sucked out by bitcoin, and it might take 50-200 years for the monetary premium to be sucked out of the various inefficient monetary assets and into bitcoin..

Figure out your various monetary premiums and hopefully, for your own good, you are not so dumb as to think that gold even has a chance against bitcoin.. It has already lost a lot relative to bitcoin, and bitcoin is not even close to finish to eating gold's lunch, including getting to its likely position of around 1,000x or more valuable than gold.

Of course, you are free to make your own allocation and have your own opinion regarding the value of bitcoin relative to gold...Personally, I would not allocate more than 5% of the value of my bitcoin into gold, and on a personal level I don't have any gold, beyond some token pieces...and they are not needed...but hey you can make your own choice regarding how to allocate to bitcoin versus gold, if any.

Perhaps one of the mindset or initiatives of Satoshi was to bring monetary power to individuals, as such bitcoin was the only thing (asset) that set the ordinary man faster than the government.

I put it to you both @JayJuanGee and @Poker Player that you're right that governments especially the US government would have to take some time in decision making before they can sell off their gold holdings (which is probably not 100% possible) in order to buy more bitcoin and if this presumption would probably happen than one already having this information makes an individual stand out of the institutions as buying bitcoin for larger amounts could take a little time while as an individual you could take the action several times and you're surely ahead of them.

Of course bitcoin has more quality of money compared to other assets in terms of durability, portability, divisibility, uniformity, limited supply/scarcity, and acceptability which bitcoin is still in its struggling stage as the world have not accepted it totally but regardless gold still stands a chance to keep its momentum as individuals like to show off what they've got in terms of Jewelries and non-monetization aspect of gold as such the physicality of gold makes it very important to individuals.

One thing about individuals like us (presuming that you are an individual) is that we can move pretty quickly as compared with institutions and governments, and we can be a few steps ahead of institutions and governments.

Bitcoin is one of the only assets (perhaps the only) in which it has been made widely available to normies in all parts of the world in order that we can front run the rich people, the institutions and the governments that usually front run the normies and even exclude normies from being able to buy.  With bitcoin (depending on your exchange or your source for your coins), you can buy as little as $5 at a time.

Regarding the industrial, jewlery, utility and perhaps other non-monetization aspects of gold, sure no problem.  Having various other utility does not necessarily make gold better than bitcoin, especially since bitcoin has its own various uses that relate to programability, and of course, bitcoin is a different (and non-physical) asset which brings a lot of benefits including in the monetary realm in which physicality might be a hinderance in terms of various moneyness.. such as verifiability, scarcity, transportability, divisibility, expenses involving third parties related to security and privacy, and some other areas.

MicroStrategy's Saylor Urges US to Ditch Gold and Buy Bitcoin
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Michael Saylor, the executive chairman of business intelligence firm MicroStrategy, has urged the U.S. government to ditch gold in favor of Bitcoin.

Dump your gold. Sell all the US gold and buy Bitcoin. You will demonetize the entire gold asset class. And our enemies hold gold in their banks, so their assets would go to zero. Our assets would go to $100 trillion,

Read more on US.Today: https://u.today/microstrategys-saylor-urges-us-to-ditch-gold-and-buy-bitcoin

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Yesterday this news was broadcast and Saylor gave a real example that Bitcoin is the only real true asset. Because he has proven a real example by buying Bitcoin at the present time, refrain from buying gold and buy Bitcoin. Because Bitcoin is a digital asset of the digital age, you can only see its success if you invest in it.
So he asked all the holders including the US government to sell gold, and by selling gold they will buy Bitcoin because it is possible to reach the peak of success only through Bitcoin. Which is currently the most possible to bring success through Bitcoin, which the chairman of MicroStrategy Company, Saylor, has made arrangements to reach everyone by publishing this statement and I like it the most.

I have some gold and I am considering selling it to buy more bitcoin. But I don't see the states making a massive move like that. Although if they did, especially in the USA, it seems to me that big candles of $10K upwards or more daily would become routine. However, without being a gold bug by any means, I do believe that the replacement of bitcoin by gold will be slower and I don't think it will demonetize it at all as part of the value of gold is in costume jewelry and the uses it has for industry, where bitcoin will not replace it. Besides, most of the world, let alone the states, have not such a pro-bitcoin mentality today to make such a change.

I don't see any reason why countries should hold onto an inferior asset, namely gold, merely because it still happens to have some value... for the time being as it continues to lose value to bitcoin and it will continue to lose value in the future, so seems a bit dumb to hold it, whether you are a country, institution or an individual.

There is no need to hold any gold, especially if you have bitcoin, and if you don't have bitcoin you better get some so that you are not on the giving side of the greatest wealth transfer of all times from no coiners to coiners, and in order to benefit from the greatest wealth transfer, you have to have bitcoin..

https://twitter.com/saylor/status/1865473610942464056?t=_F0ighUMNaq60ZDXlCIWKA&s=19

Nice advise, other countries should do same however I will not advise for the total sell out of a countries gold because is still valuable.
Every country have a source of income and also a reserved funds taking 10 or 20 percent of there reserved funds to accumulate Bitcoin will be more better.
So a country can sell part of there gold and dip hands into there reserved funds to accumulate Bitcoin and with that it will go a long way because that will be a massive accumulation.

I think that the main thing about having too much blue is that it is not possible to go back in history, and so in that sense if there is at least one green dot every week, then there would be a lot of covering up of the future blue.

Yes, I saw it later PremiumcryptoHub. Just a nuance.


What he will do tomorrow is to announce the bitcoins he has purchased. The purchases will have been made throughout this week.

Maybe he's going to do Bitcoin one more time soon, because he announced on Twitter today that they need more green dots. Michael Saylor needs a green dot no matter what the market is doing. Michael Saylor started buying bitcoins on a weekly basis from 11/11/24 They will buy bitcoins tomorrow for a total of five times on a weekly basis.



Microstrategy bought BTC 27,200 Bitcoins on November 11th.

https://x.com/saylor/status/1855959543508828428?t=-UE6HMBSyJm1i0-8sTYWwA&s=19

A week later, the company again bought BTC 51,780 bitcoins.

https://x.com/saylor/status/1858496146026467378?t=kPAAusXM2tqzzkCjonr6LQ&s=19

Then again on November 25th, MicroStrategy bought BTC 55,500 Bitcoins. When they bought so many bitcoins it was probably their highest bitcoin purchase ever.

https://x.com/saylor/status/1861033309934862601?t=4yvV4CyKdyc-x5sUt77sWw&s=19

Microstrategy bought BTC 15,400 bitcoins last December 2. They may buy Bitcoin again yesterday, the company's CEO said.

https://x.com/saylor/status/1863569873713955156?t=-mKhYMF61NtvU83n2J35dg&s=19

Will GigaChad announce another bitcoin purchase this Monday? He has been doing the same thing for a few weeks now. Specifically since 11/11/2024 he has announced a weekly purchase. Will this be the fifth week?

MicroStrategy has already surpassed the US Government and Chinese Government in terms of Bitcoin investment. Microstrategy's total Bitcoin count is currently BTC402,100. On the other hand, the US government's total number of bitcoins is BTC198, 109. MicroStrategy need a few more green dots if they are to surpass Binance.



https://x.com/saylor/status/1865022642107093389?t=WizJSgFYLMhgyIvt7lTxQw&s=19

I thought he said Bitcoin will go to $100k in 2025? Maybe I'm confusing him with someone else.
Being a Bitcoin evangelist and practicing what he preached has sure earned him a lot of bucks. If I'm not mistaken, he was amongst the people who continually saw potential in Bitcoin despite all the times it had it's ups and downs and now that it has gotten to a desired level for the first time in it's history, I think the guy deserves to throw himself a party! Maybe if he wants to be extravagant, he can do something with a 100 theme in it.

Hopefully you have some bitcoin.   

I recall my first exponential price rise experience in 2017, I had some various plans to sell some BTC at various points on the way up and I stuck with my plan, and really I had never sold more than 15% of my BTC, well depending on from when it was counted, and the main idea was to always hold onto BTC in case the price continued to go higher, and I don't even think it is unrealistic.. or that $100k is an outrageously high price, even if it is a kind of symbolic milestone that many HODLers (perhaps even yours truly) have been fantasizing about... add one more digit to the fiat value of dee cornz.

We are going to a $million too, and sure it could happen in a year, or it could take up to 10 years or perhaps more... so maybe you should get some cornz, in case it catches on.

An overwhelming majority of the people in the world are low coiners and/or no coiners and the low coiners might not even realize their low coiner status, and sure maybe it is a bit too bad that some of the bigger players, early adopters or even some folks are hoarding bitcoin out of speculation, yet that is how the world works, and it does not stop the need for the no coiners and low coiners to accumulate some bitcoin in their own interest.

They already do own a sizeable portion of it, and I don't know Saylor's plans as far as acquiring more bitcoin but something tells me MSTR isn't going to end up owning all of it.  It wouldn't even be wise to try to do that, lest the company find itself stuck with so much bitcoin that they'd never be able to sell it without tanking the price.  Cornering the market hasn't worked out very well for people/institutions over the years (like the Hunt brothers trying to corner the silver market).

In any case, with bitcoin over $100k Saylor and everyone who holds MSTR stock has got to be doing cartwheels of joy.  I never thought we'd see $100k in our lifetimes...but I've been notoriously bad at predicting the future, especially when it comes to what markets are going to do.  Fun times, fun times.

Michael Saylor had previously planned the Bitcoin 100K party after seeing the trend of Bitcoin prices going up. Maybe the historic moment for him to throw that party has arrived, because today the price of Bitcoin touched $100k dollars. Such an increase in the price of Bitcoin may have taken many by surprise. Yesterday also the price of Bitcoin was as low as 96 thousand dollars but today Bitcoin touched $100k in one jump. Bitcoin's market cap has touched $2.03 trillion when the price of Bitcoin has increased.

MicroStrategy's Investment Portfolio Grows to $41.37 Billion After Bitcoin Price Touches $100K.

Michael Saylor previously said,

MicroStrategy might one day own all of the Bitcoin. Or at least, a sizeable portion of it. This is not good for Bitcoin's decentralization. Even if economic holders can't determine network consensus. They can just influence developers to establish their own rules by using their large BTC holdings as some sort of "bribe". I'd imagine Bitcoin Core becoming compromised as a result. Luckily for us, there's always the choice of "forking them off". The community can make a new fork, excluding big corporations and governments from the system. All in the best interests to help preserve equality, fairness, and most of all, decentralization.

Nonetheless, Saylor is right that Bitcoin is superior to Cash. It's even superior to Gold. The time will come when BTC will render these assets/commodities obsolete. It will become the most valuable asset on Earth. Just you wait and see. Perhaps, BTC will become the "One World Currency" many were talking about? One can only imagine.

 Source Link: https://cointelegraph.com/news/microstrategy-can-ignore-bitcoin-bear-market-price-crash-20k

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MicroStrategy has added risk to its balance sheet and I think it is not possible to go down, because they have invested in Bitcoin from a very low price to the current time. They have recorded the price of Bitcoin for a total of one year (current time) from December 2023 to December 2024 and mentioned how much Bitcoin they have deposited. So you notice that now that this current price is mentioned, it is currently the highest amount of benefit that will be added to their wallet if the price of Bitcoin goes up further. In turn, they have deposited the most Bitcoin in this month of November, which is mentioned in this balance sheet, so far Michael Saylor has been able to deposit 402100 Bitcoin.

Cannot stop the weak hands from selling.  There is always going to be buying and selling, and surely one of the theories would be that once the price breaks above $100k it might not come back down, and like you said, those guys would be stuck with a dilemma because they ended up selling too much too soon, which is a common theme..

There are so many folks who are happy with profits in the arena of 80% or 3x or 5x even.. but then they still may end up selling too much too soon and not appreciating that if they hang onto most of their corn (and hardly sell any, if they are tempted to sell), the they will end up getting compounding of their value, which surely many long term HODLers have already come into bitcoin with such a mindset and they might not be selling much of their stash at, if any, so that the may well end up having average BTC prices that are below $20k or even below $10k, so even if they shave off 2-5% of their BTC, that might amount to the value of their whole investment into BTC... so they may have even already largely gotten all of their principle back since so far into profits, yet the newbies get overly excited by quite low levels of profits and not even realizing the asset that they are dealing with...

I am not too worried that there are enough sellers, even at these prices.  Sure we could dip more, but once several of these weak hands have sold all of their coins, they won't have any left to sell, then what? Then the price goes up because there are no sellers left, and then we all find out that resistance at $100k was not as it had previously appeared to be.

Do you know what is happening with the price now? People, retail, who bought at 40 or 50 thousand are selling now. These are people who have made a 2X in a short time. Some sold in the first wave, and others who expected to sell once past $100K, as the price didn't just beat are lowering their sell orders to around $95K.

Meanwhile others like Saylor are buying at this price because they know that buying bitcoin at less than $0.1M is a bargain. And those who are selling now when they see the price continue to rise and go to $150K to $200K will have to buy much more expensive than they are selling now.