MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100% - page 2.

Synchronice

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Quote from: _act_ on November 11, 2024, 05:19:11 AM

You can easily understand what this thread is about from the topic title. You can read it in details yourselves: https://cointelegraph.com/news/microstrategy-bitcoin-portfolio-surpass-20-billion

Bitcoin has disappointed bitcoin critics like Peter Sheriff and Warren Buffett. Those that hold their coins are not disappointed. I can remember Peter Sheriff saying bitcoin is backed by nothing that its price is going to zero. But bitcoin is over $80000 right now.

Bitcoin also helped Microstrategy Inc MSTR to increase in price and value. Micheal Saylor is a good business man.

MicroStrategy owns 279,420 Bitcoins and that's phenomenal numbers if we keep in mind that MicroStrategy started saving in Bitcoins in August 2020. Micheal Saylor is not only a good businessman but a good and wise risktaker. He understood the negative side effect of long-term inflation of fiat. What's the best option for any company to save its reserves long-term? A deflationary currency and Bitcoin is a pure definition of such one.

I think for a moment what would happen if MicroStrategy started Bitcoin investment in 2016. Collecting 280K Bitcoins since 2020 is a phenomenal achievement, he deserves a merit for that but there is another side of him. I remember he said that he wants to keep those coins like Satoshi, i.e. to turn these coins into dead coins. To be honest, I find it very strange and stupid but it's a well-known fact that rich people have strange thoughts too.

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Quote from: Z-tight on November 12, 2024, 01:24:58 PM

Germany is a big and rich country, with a very good economy, unlike El Salvador which is a poor country with a struggling economy. Germany does not have to hold BTC if they don't want to, and selling it does not affect them in any way, or as you think; they didn't even buy those coins to begin with, it was coins they confiscated from people and firms and they decided to sell it when they did.

What are you drinking?
The whole Europe is getting fucked up because of the Ukraine war. That is the only reason why they sold those Bitcoin on open market. They as in the German government never used secondary market to sell your BTC50K.

I am suprised to see support from guys like you. Earlier I saw another high ranking member going all about, the need for Germany to sell those BTC. Stop bugging me and understand the reason why Germany failed to nail it.

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Quote from: _act_ on November 11, 2024, 05:19:11 AM

Bitcoin has disappointed bitcoin critics like Peter Sheriff and Warren Buffett. Those that hold their coins are not disappointed. I can remember Peter Sheriff saying bitcoin is backed by nothing that its price is going to zero. But bitcoin is over $80000 right now.

Bitcoin also helped Microstrategy Inc MSTR to increase in price and value. Micheal Saylor is a good business man.

MS surely saw the potential in BTC, although it won't be easy for him to trust BTC in start (for sure) but he was really good and stick to new innovation even his company been investing on core dev to create more projects some critics that these projects will just make BTC sub products more centralized and indirectly making BTC centralized but still progress is progress and that's all we should focus on at the moment!

20 billion profit is just too good, and MS is really worth it. The amount is too big, and it also shows DCA over a long period of time can make you enough money, but you must have enough capital too. Big numbers bring big, and vice versa. I hope someday I will become a millionaire via BTC.

Z-tight

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Quote from: pakhitheboss on November 12, 2024, 05:04:54 AM

I get your point but those who are into Bitcoin are now laughing on the action taken by Germany. Countries like El Salvador are enjoying the profits gained from thier Bitcoin holdings.

Germany is a big and rich country, with a very good economy, unlike El Salvador which is a poor country with a struggling economy. Germany does not have to hold BTC if they don't want to, and selling it does not affect them in any way, or as you think; they didn't even buy those coins to begin with, it was coins they confiscated from people and firms and they decided to sell it when they did.

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Quote from: pakhitheboss on November 12, 2024, 05:04:54 AM

I get your point but those who are into Bitcoin are now laughing on the action taken by Germany. Countries like El Salvador are enjoying the profits gained from thier Bitcoin holdings.

I don't think it is worthy to laugh anyone or any government by purchasing, holding or selling bitcoin. They as either individual investors, miners or governments, have their own reasons to do what they did and if they felt good with what they already did, we as observers, outsiders have no reason to laugh them.

Like I have no reason to laugh Laszlo Hanyecz or any Bitcoin ogs because they sold bitcoins years ago. The market needs both buyers and sellers and German government is like one of many sellers or buyers in the market, it's natural.

Quote

For everything that goes up it is certain at some point it will go down. A correction is coming but it won't be coming this year. I feel it will happen next year as it happened in 2018.

Correction is coming minutes ago and believe that the bull run will continue after the correction and make a new all time high above $89,500 or it is already ATH of this market cycle, it's up to you.

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Quote from: FortuneFollower on November 12, 2024, 02:56:43 AM

Usually, bigger entities don't see BTC for what it is and don't wait for the situation to change - they cash it out just like they bought it Grin

Or due to regulations, they need to.
Those who dig deeper know what awaits them for holding.
And, as fruktik said - there may be a correction, a big one at that, that would swoop everybody in an instance.

I get your point but those who are into Bitcoin are now laughing on the action taken by Germany. Countries like El Salvador are enjoying the profits gained from thier Bitcoin holdings.

For everything that goes up it is certain at some point it will go down. A correction is coming but it won't be coming this year. I feel it will happen next year as it happened in 2018.

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Quote from: pakhitheboss on November 12, 2024, 01:21:23 AM

Quote from: _act_ on November 11, 2024, 05:19:11 AM

Bitcoin has disappointed bitcoin critics like Peter Sheriff and Warren Buffett. Those that hold their coins are not disappointed. I can remember Peter Sheriff saying bitcoin is backed by nothing that its price is going to zero. But bitcoin is over $80000 right now.

I doubt these two ever dreamt that Bitcoin will surpass 80K in a small span of time. If everything goes as smooth as it is looking now Bitcoin may go beyond 90K by the month end. This is how Bitcoin has always reacted to those who have only spread hate against it.

I was reading an article recently wherein they said if Germany had not sold it's 50KBTC at a value of 54K then they would have made a profit in billions with the current price of Bitcoin.

Usually, bigger entities don't see BTC for what it is and don't wait for the situation to change - they cash it out just like they bought it Grin

Or due to regulations, they need to.
Those who dig deeper know what awaits them for holding.
And, as fruktik said - there may be a correction, a big one at that, that would swoop everybody in an instance.

fruktik

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Quote from: betswift on November 12, 2024, 02:35:25 AM

It's an example for everybody else to witness, and because of the rally for BTC, more and more people and bigger entities will be interested in BTC.
Hopefully, not only in a profit-wise sense Roll Eyes

Because BTC is much more than that.

What did you write when the trend went in the other direction? It is very interesting to reason after the fact. In 2021, there was a huge collapse of Bitcoin and the bearish trend continued for a long time. Then many wrote about the complete collapse of the coin. It was not so long ago to pick up and read posts about it. What was happening at that moment in the companies that invested in this crypto? Remember? But I remember. They went bankrupt. Others began to lay off employees en masse. Therefore, you do not need to be so confident in this matter.

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Quote from: OcTradism on November 12, 2024, 02:20:18 AM

Quote from: davis196 on November 12, 2024, 02:04:37 AM

OK, Saylor has placed his bet on the best financial asset, but to be honest, I don't care.

Michael Saylor changed his mind on Bitcoin from against it to believe it and it takes him several years to realize good things and potentiality of Bitcoin. It's certainly that he did not change his mind because of a dream to be rich or whatever and he actually changed his mind after doing his due diligent research on Bitcoin and finding some great things in it.

This process does not make his investment in Bitcoin as a Bet, it's never a bet in Michael Saylor's thinking.

It's a calculated risk, so to speak, and he is willing to put his faith into something, and that speaks volumes.
Roll Eyes

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Quote from: OcTradism on November 12, 2024, 02:20:18 AM

Quote from: davis196 on November 12, 2024, 02:04:37 AM

Even if the Bitcoin price hits 100K USD, there will still be Bitcoin haters complaining about "the Bitcoin price bubble" and spreading all kinds of FUD.

It will hit $100,000 and only time matters. From about $90,000 to $100,000, it's not too far to the target price, 10% rise and it will be easy reached if market has a short squeeze.

Yes, the only thing is the correction or some of them, in fact, that would take place, to take out the people longing BTC all the way up and get their positions for themselves, however, it wouldn't change the outcome of the rally, which is, the biggest ATH to this day.

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Quote from: Text on November 12, 2024, 02:01:31 AM

It's impressive to see how MicroStrategy's Bitcoin strategy has paid off. Despite the skepticism from critics, Bitcoin continues to show its potential. Saylor's belief in Bitcoin has certainly transformed MicroStrategy, demonstrating the power of long-term vision in business. It's a fascinating case of how a bold bet on a volatile asset can pay off especially for those who truly believe in its future.

It's an example for everybody else to witness, and because of the rally for BTC, more and more people and bigger entities will be interested in BTC.
Hopefully, not only in a profit-wise sense Roll Eyes

Because BTC is much more than that.

OcTradism

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Quote from: davis196 on November 12, 2024, 02:04:37 AM

OK, Saylor has placed his bet on the best financial asset, but to be honest, I don't care.

Michael Saylor changed his mind on Bitcoin from against it to believe it and it takes him several years to realize good things and potentiality of Bitcoin. It's certainly that he did not change his mind because of a dream to be rich or whatever and he actually changed his mind after doing his due diligent research on Bitcoin and finding some great things in it.

This process does not make his investment in Bitcoin as a Bet, it's never a bet in Michael Saylor's thinking.

Quote

Even if the Bitcoin price hits 100K USD, there will still be Bitcoin haters complaining about "the Bitcoin price bubble" and spreading all kinds of FUD.

It will hit $100,000 and only time matters. From about $90,000 to $100,000, it's not too far to the target price, 10% rise and it will be easy reached if market has a short squeeze.

davis196

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Quote from: _act_ on November 11, 2024, 05:19:11 AM

You can easily understand what this thread is about from the topic title. You can read it in details yourselves: https://cointelegraph.com/news/microstrategy-bitcoin-portfolio-surpass-20-billion

Bitcoin has disappointed bitcoin critics like Peter Sheriff and Warren Buffett. Those that hold their coins are not disappointed. I can remember Peter Sheriff saying bitcoin is backed by nothing that its price is going to zero. But bitcoin is over $80000 right now.

Bitcoin also helped Microstrategy Inc MSTR to increase in price and value. Micheal Saylor is a good business man.

OK, Saylor has placed his bet on the best financial asset, but to be honest, I don't care.
We have to remember that every Bitcoin price is temporary and another price crash might be hiding behind the corner. The current price pump was caused by the hype around Trump's election and his promises about crypto. Let's wait and see if he is going to keep his promises.
I know from personal experience that price pumps/bull runs, that are caused by pure hype are fragile and unsustainable.
Haters gonna hate no matter what. Even if the Bitcoin price hits 100K USD, there will still be Bitcoin haters complaining about "the Bitcoin price bubble" and spreading all kinds of FUD.

Text

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It's impressive to see how MicroStrategy's Bitcoin strategy has paid off. Despite the skepticism from critics, Bitcoin continues to show its potential. Saylor's belief in Bitcoin has certainly transformed MicroStrategy, demonstrating the power of long-term vision in business. It's a fascinating case of how a bold bet on a volatile asset can pay off especially for those who truly believe in its future.

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Michael Saylor is the most interesting man in the world, and soon to be the richest!

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Quote from: _act_ on November 11, 2024, 05:19:11 AM

Bitcoin has disappointed bitcoin critics like Peter Sheriff and Warren Buffett. Those that hold their coins are not disappointed. I can remember Peter Sheriff saying bitcoin is backed by nothing that its price is going to zero. But bitcoin is over $80000 right now.

I doubt these two ever dreamt that Bitcoin will surpass 80K in a small span of time. If everything goes as smooth as it is looking now Bitcoin may go beyond 90K by the month end. This is how Bitcoin has always reacted to those who have only spread hate against it.

I was reading an article recently wherein they said if Germany had not sold it's 50KBTC at a value of 54K then they would have made a profit in billions with the current price of Bitcoin.

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Quote from: l99l on November 11, 2024, 11:11:28 AM

Michael Saylor has been one of the pioneers in this sector without listening to anyone, that's why he has made good profits, I have no doubt that these profits will increase in the future.
Microstrategy Inc MSTR has been well-valued in the past period and there has been an increase at the same time.
Microstrategy is not only about buying bitcoins, it is possible to see it in many areas.

This is true about real Bitcoin believers like Michael Saylor, it's people like him that are motivating a lot of others to believe in the potentials of Bitcoin as a store of value, his undoubting confidence to be investing billions of dollars without a fear is worthy to note. His Bitcoin worth has no doubt put many haters like Warren Buffett, to shame, coupled with the enviable and mind-blowing returns on investment that is accruing to him. I firmly believe that Bitcoin will reach a height in the future that people who are still skeptical about it today will finally wish that they had done the right thing by investing in it.

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yes

Quote from: _act_ on November 11, 2024, 05:19:11 AM

You can easily understand what this thread is about from the topic title. You can read it in details yourselves: https://cointelegraph.com/news/microstrategy-bitcoin-portfolio-surpass-20-billion

Bitcoin has disappointed bitcoin critics like Peter Sheriff and Warren Buffett. Those that hold their coins are not disappointed. I can remember Peter Sheriff saying bitcoin is backed by nothing that its price is going to zero. But bitcoin is over $80000 right now.

Bitcoin also helped Microstrategy Inc MSTR to increase in price and value. Micheal Saylor is a good business man.

I followed Michael Saylor on x formally Twitter and I always wondered the kind of confident he has on bitcoin. Before this time he has already predicted and buying in the top when almost everyone was selling. Calling him "a good business man " is an understatement! This man has put all his mind on bitcoin and is not looking back soon. In fact he just buy 27200btc worth $2B, about two days ago and now holding over 279,400btc.

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Congratulations to Michael Saylor and MicroStrategy on this great achievement.
Michael Saylor has proven himself to be a wise economist indeed, he deserves this victory after all this long wait.

As for the fools like Peter Sheriff and Warren Buffett, they can go to hell while Michael Saylor celebrates his victory.

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Quote from: Ambatman on November 11, 2024, 09:31:49 AM

When someone ask why do you hold rather than trading
OP post is the answer to my question.
Saylor took a risk and saw something in Bitcoin that other great investors weren't seeing and this decision is paying off.
The nigga doesn't really care about the dip, he buys even at a Top
Trust / Titanium balls.

for a volatile asset as Bitcoin, you just have to applaud microstrategy for keeping there ground to DCA regardless of the price of Bitcoin. Skeptics that didn't understand the nature of Bitcoin and that fails to see what the future holds for Bitcoin are currently short off and I'm sure they are regretting why they kept calm and didn't take the risk of ever investing in Bitcoin. Micro strategy meant business and ignored all possible risk they saw and still went in big. It's a motivation to young investors to keep building thier Bitcoin investment knowing that you're far behind these big guys.

Another thing about seeing investors getting huge ROI and getting motivated to start investing is that you tend to feel that you're late and should have invested in the past only to discover that Bitcoin continues to go up to the moon and never DIPing again. The likes of Peter sheriff and most anti bitcoinner would be having a double thought on wether it's best to swallow thier pride and just start investing now.

Topic: MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100% - page 2. (Read 541 times)