MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100%

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Quote from: ? on November 13, 2024, 02:27:52 AM

So he gets the funds from borrows and gets them into BTC straight up?
Smart guy Tongue

Well, actually what he is doing is kind of printing fiat money through derivative products and with that fiat money acquiring more bitcoin. I'm going to quote myself from another thread so that it is understood how he is increasing the amount of bitcoin per share for his shareholders every time he goes into debt.

Quote from: Poker Player on November 14, 2024, 12:03:26 AM

For example, convertible notes can be redeemed for shares (never for bitcoin) and are bought at a premium over shares. The shares also have a premium over the net asset value, which is basically the bitcoin owned by the company.

So, when they issue $1B of convertible notes, they do so on a Net Asset Value of say $0.5B, and what do they do with that $1B? They buy bitcoin. They are using the financial instrument to get fiat money to buy bitcoin.

Also convertible notes are not problematic at all because if people start exchanging them for shares you can always create more, similar to how a FED can print more fiat.

If anyone is concerned about this type of indebtedness I have to say that I, as a good shareholder, have looked at the fundamentals of the company and it has a debt to equity ratio of 1.13 which falls within a very reasonable range of indebtedness, and if we also take into account that the company is borrowing at laughable prices, clearly lower than the inflation rate, we will agree with Saylor that the debt they use to acquire bitcoin is issued and controlled in a smart way.

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Quote from: dzungmobile on November 14, 2024, 06:48:21 AM

They actually started to DCA since the last market cycle, during its bull run, and continued DCAing in a bear market in 2022 and 2023 years. Now in 2024 they are enjoying sweet results but Michael Saylor said "Bitcoin is the end game" and they will not sell bitcoin for cash. Their DCA will continue in this market cycle and many more years, and I only wonder when they will sell part of their bitcoin.

I guess if they can find a way to make money by holding bitcoin they will never sell it at all and what I mean by that is not the capital gain from BTC but making side business sort of like lending or something.
I'd think that MSTR as a company already have a plan on their sleeve and at some point they will implement it, the fact that saylor is so confident and kept saying that they won't sell BTC maybe a signal that they gonna have something on the table.

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Quote from: X-ray on November 13, 2024, 08:53:16 PM

can you imagine a company performs this good just because they hold BTC? best strategy ever in my opinion and I doubt any other companies could replicate the same thing.

I did imagine it because I as a Bitcoin investor and Bitcoiner, have very strong belief in future of Bitcoin.

About MicroStrategy, their success recent years not only comes from Bitcoin investment, it is a main contributor for their success, not there are other contributors for it too. Because MicroStrategy is a company with many products that all contribute to their company's revenue and success.

Quote

but the MSTR's holding of BTC and their style of keep doing DCA from bottom all the way to current ATH is a phenomenon that needs to be studied Grin

. they are confidence they'd be able to pull it off and indeed they are capable.

They actually started to DCA since the last market cycle, during its bull run, and continued DCAing in a bear market in 2022 and 2023 years. Now in 2024 they are enjoying sweet results but Michael Saylor said "Bitcoin is the end game" and they will not sell bitcoin for cash. Their DCA will continue in this market cycle and many more years, and I only wonder when they will sell part of their bitcoin.

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I've seen before that there were so many doubters saying MSTR's strategy in holding BTC as reckless but now they come out on the top.

can you imagine a company performs this good just because they hold BTC? best strategy ever in my opinion and I doubt any other companies could replicate the same thing.

but the MSTR's holding of BTC and their style of keep doing DCA from bottom all the way to current ATH is a phenomenon that needs to be studied Grin

. they are confidence they'd be able to pull it off and indeed they are capable.

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Quote from: TravelMug on November 13, 2024, 05:19:03 AM

Saylor and his company right now are raking billions in profits because of their Bitcoin investment. And yeah, there have been attacks on him, mocking him in social media and even those who interview him. Now the tables are turn, and he is being look upon as some visionary. But for average joe investors like the rest of us, we have seen this from afar, that in his bull run, we will see 6 digits figure, it just a matter of time.

They are witnessing growth of their portfolio but they have yet harvesting it without any cash out. It's controversial that why they need to cash out to exchange bitcoin to cash, from a valuable asset to a decreasing value asset.

This market cycle is a second one for Saylor and Microstrategy and I wonder that will they miss another chance to take profit. In a first cycle, they would have not thought that Bitcoin will continue its 4-year market cycle with participation of Microstrategy, Tesla, El Salvador Bitcoin Legal Tender. Now, in this second market cycle they engage in, will they simply hold through this cycle when they know bear market will come.

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Quote from: TravelMug on November 13, 2024, 05:19:03 AM

But for average joe investors like the rest of us, we have seen this from afar, that in his bull run, we will see 6 digits figure, it just a matter of time.

That is certainly going to happen, right now the price is ~ $92k, so many of us didn't expect it to even go higher than $85k this year, but it has already smashed that and it is now on its way to $100k. If BTC breaks $100k this year, it is exciting to think about what could come next year, at the peak of this cycle, isn't it a good time to have some BTC in your wallet.

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Quote from: lovesmayfamilis on November 13, 2024, 03:00:32 AM

I wonder how many people who actively discouraged everyone from investing in Bitcoin are now scratching their heads and admitting to themselves their stupidity. And also how many of those who believed them and could not decide to save regularly, fearing losses and looking for insurance? These people will never decide to invest and are now tearing out the last hair on their heads, but one example of Michael Saylor and all those who stubbornly believed in the growth of Bitcoin can give a good motivation to other newcomers who are just learning about Bitcoin.

That will always happen and I doubt that they will change their stance. They might be hiding the rock right now just to avoid what they are seeing as the price reaches $90k already. And for those people who believed individuals that are anti-Bitcoin, it could really be hurtful on them and could be suffering "emotional damage",

.

Saylor and his company right now are raking billions in profits because of their Bitcoin investment. And yeah, there have been attacks on him, mocking him in social media and even those who interview him. Now the tables are turn, and he is being look upon as some visionary. But for average joe investors like the rest of us, we have seen this from afar, that in his bull run, we will see 6 digits figure, it just a matter of time.

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Quote from: lovesmayfamilis on November 13, 2024, 03:00:32 AM

I wonder how many people who actively discouraged everyone from investing in Bitcoin are now scratching their heads and admitting to themselves their stupidity. And also how many of those who believed them and could not decide to save regularly, fearing losses and looking for insurance? These people will never decide to invest and are now tearing out the last hair on their heads, but one example of Michael Saylor and all those who stubbornly believed in the growth of Bitcoin can give a good motivation to other newcomers who are just learning about Bitcoin.

They are an example for people to come - and it's great that somebody so high in perspective was so stubborn with BTC. It paid off for him and others - so it would for others too (no matter how small or big their deposits would be, it's all about scale).

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I wonder how many people who actively discouraged everyone from investing in Bitcoin are now scratching their heads and admitting to themselves their stupidity. And also how many of those who believed them and could not decide to save regularly, fearing losses and looking for insurance? These people will never decide to invest and are now tearing out the last hair on their heads, but one example of Michael Saylor and all those who stubbornly believed in the growth of Bitcoin can give a good motivation to other newcomers who are just learning about Bitcoin.

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Quote from: aoluain on November 12, 2024, 06:42:51 PM

I think MS had a moment of realisation a few years ago which made him become
a doubter to an absolute 101% Bitcoin guru.

There are many reasons for him to change his mind because it's easily to look at Bitcoin designs, from decentralization, full control for owners, total supply, he can see lights of his investment career. He joined later than others but not too late, and in fact much sooner than many other people.

Bitcoin's controlled supply.
Bitcoin's Equivalent Network Time and its changes with time.

Two insightful articles about Bitcoin total supply that can change many people.
How is the 21 million bitcoin cap defined and enforced?
Can Bitcoin's hard cap of 21 millions be changed?

Quote

MS has been able to convey to anyone willing to listen what Bitcoin can offer
everyone from now into the future.

He does it because he loves to see Bitcoin adoption to rise, more capital flows into Bitcoin market, and he is smart enough to know great impact of Supply and Demand Principle. More demand from more new people on Bitcoin, Bitcoin price will consequently rise upwards to the moon.

_act_

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Quote from: adultcrypto on November 13, 2024, 12:52:09 AM

Now those who openly criticized bitcoin can hide their faces in shame because they have been wrong all along.

This is what I thought it would be but it is not. People like Peter Sheriff has continued to criticize bitcoin. When gold was rising before it fall recently, I saw him still continue to criticize bitcoin which I think he was motivated at the time by gold rising price. Now he has even gone more to the wrong way by not only criticizing bitcoin alone anymore but now criticizing bitcoin people like Michael Saylor. People like him let me understand that you can be rich and be fooling people.

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Quote from: Poker Player on November 13, 2024, 12:24:22 AM

Quote from: Smartprofit on November 11, 2024, 09:55:41 AM

Michael Saylor not only buys real bitcoins, his company also issues stocks and bonds. He is an experienced businessman from Wall Street and seeks to buy assets not with his own money, but by attracting funds from others.

Few people have understood the latest move he has made, which has turned his company from an intelligence business software company to a bitcoin derivative product development company, in the same way Rockefeller treated oil to obtain the derivatives gasoline, diesel or kerosene.

What he is doing is borrowing fiat, in a smart way with a good debt to equity ratio and at a very low interest rate of less than 1% (which in itself means making money on inflation) to generate yield on bitcoin.

If it succeeds, which everything looks like it will, this will be studied in economics and business schools.

So he gets the funds from borrows and gets them into BTC straight up?
Smart guy Tongue

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Quote from: dunfida on November 13, 2024, 12:50:31 AM

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.

Wont really be believing into those words specially negative ones with those billionaires on which we dont even know that they've been holding Bitcoin in silence and really just that pretending that they are against with it.

I wont really be that surprised that one day they will really be that become that pro-Bitcoin and admitted that they had bought tons of it and planning to hold for long term. One of the most common behavior of these billionaires or institutions is that they dont really like on getting caught on what they are doing but instead they do just accept that they might look bad in the eyes of public but secretly trying out to accumulate
not until on the moment that they had accumulated enough and then dump in one go.

The bad thing about having these institutions being accumulating tons of coins is that they can dump it anytime whenever the time is right.

Institutions will have regulations imposed on them, as far as I think and know. About the dumping of their coins.
About the rich people getting some BTC - they would be only a fracture and won't make that of a difference, in my opinion.
Tongue

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Quote from: adultcrypto on November 13, 2024, 12:52:09 AM

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 deserve some applause because they surprised everyone with their unwavering faith in bitcoin. From no where they have come to dominate the bitcoin market, taking exemplary position in the affair of anything that represent bitcoin. They have shown people the art of wealth building their dogged and resilient investment in bitcoin. Now those who openly criticized bitcoin can hide their faces in shame because they have been wrong all along.

More big guys are coming to see the beauty of BTC and try to get a fish from the lake with it.
Alas, it's inevitable that with time going on, more and more funds from bigger entities and smaller ones will pour into BTC. And it will be done for long-term profits only.

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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 deserve some applause because they surprised everyone with their unwavering faith in bitcoin. From no where they have come to dominate the bitcoin market, taking exemplary position in the affair of anything that represent bitcoin. They have shown people the art of wealth building their dogged and resilient investment in bitcoin. Now those who openly criticized bitcoin can hide their faces in shame because they have been wrong all along.

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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.

Wont really be believing into those words specially negative ones with those billionaires on which we dont even know that they've been holding Bitcoin in silence and really just that pretending that they are against with it.

I wont really be that surprised that one day they will really be that become that pro-Bitcoin and admitted that they had bought tons of it and planning to hold for long term. One of the most common behavior of these billionaires or institutions is that they dont really like on getting caught on what they are doing but instead they do just accept that they might look bad in the eyes of public but secretly trying out to accumulate
not until on the moment that they had accumulated enough and then dump in one go.

The bad thing about having these institutions being accumulating tons of coins is that they can dump it anytime whenever the time is right.

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Quote from: Smartprofit on November 11, 2024, 09:55:41 AM

Michael Saylor not only buys real bitcoins, his company also issues stocks and bonds. He is an experienced businessman from Wall Street and seeks to buy assets not with his own money, but by attracting funds from others.

Few people have understood the latest move he has made, which has turned his company from an intelligence business software company to a bitcoin derivative product development company, in the same way Rockefeller treated oil to obtain the derivatives gasoline, diesel or kerosene.

What he is doing is borrowing fiat, in a smart way with a good debt to equity ratio and at a very low interest rate of less than 1% (which in itself means making money on inflation) to generate yield on bitcoin.

If it succeeds, which everything looks like it will, this will be studied in economics and business schools.

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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.

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.

I think MS had a moment of realisation a few years ago which made him become
a doubter to an absolute 101% Bitcoin guru.

MS has been able to convey to anyone willing to listen what Bitcoin can offer
everyone from now into the future.

The best analogy he used was the Block of Ice melting in the back yard in terms
of FIAT.

In terms of other doubters, I believe that in time they will all come around and realise
they need to have Bitcoin.

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

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.

The German government by law are not allowed to make profits from the
proceeds of crime and that goes for the Bitcoin they sold - by law they had to
make that move.

Its only a matter of time before all countries start buying Bitcoin especially
if Trump starts doing it.

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Quote from: pakhitheboss on November 12, 2024, 02:26:00 PM

What are you drinking?

Water.

Quote from: pakhitheboss on November 12, 2024, 02:26:00 PM

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 never made any mention of the 'market' in which the coins were sold, that is not even the point here, that is if you read my post before this rant. The German government is bound by law to sell assets recovered in criminal cases, if the assets are volatile and can lose some of its value, BTC is volatile and that is why they sold. People are talking about how much they could have made if they were still holding, what if the price fell and then they still had to sell it at a loss.

Quote from: pakhitheboss on November 12, 2024, 02:26:00 PM

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.

What support are you talking about, i am not from Germany, i don't care what their government does, i only care about BTC. Stop ranting and understand what my point is clearly.

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I could remember when Microstrategy where buying bitcoin in intervals and enriching their portfolio, they had a lot of critics and mocking them to risk losing a lot of money as bitcoin will become worthless in the future. Micheal Saylor still didn’t mind any of those critics and continued accumulating more and more bitcoin by taking advantage of the dips. This is just few years later and they are already in big profit in their investment in bitcoin. Only the patient and trustworthy ones can have a conviction on bitcoin to do well after so many bearish moments in the market before breaking the all time high and setting a new one now.

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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.

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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.

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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.

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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.

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I don't know if it's a joke or something, but it's Schiff, not Sheriff. Cheesy

Quote from: Die_empty on November 11, 2024, 10:45:18 PM

Some people will always criticize what they don't understand instead of becoming teachable. Some of these investors that are profiting from Bitcoin investment might have doubted the genuity of Bitcoin but changed their views after they understood it. Bitcoin is currently over $87k and there are possibilities that it will keep appreciating. These critics might not acknowledge openly their false predictions and unnecessary attacks but in secret, they are regretting not taking advantage of the opportunities that Bitcoin offers. I am also happy that nations like El Salvador and Bhutan invested in Bitcoin and will also be in profit now.

For the likes of Peter, I don't think it's merely ignorance that makes him a harsh Bitcoin critic. I guess it's purely stubbornness. You criticize Bitcoin for many years, you argue against it on national TV, you debate face-to-face against popular Bitcoin advocates, and so on, you must have learned a lot about it in the process. But he stands his ground until now. He sticks to his side of the argument. It seems it's all for the sake of standing by it now. Deep inside him he probably knows the potential is still huge for Bitcoin, but he seemed to have decided once and for all to just play his role.

Bhutan didn't invest in Bitcoin. They're producing all of their coins by mining.

Die_empty

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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.

Some people will always criticize what they don't understand instead of becoming teachable. Some of these investors that are profiting from Bitcoin investment might have doubted the genuity of Bitcoin but changed their views after they understood it. Bitcoin is currently over $87k and there are possibilities that it will keep appreciating. These critics might not acknowledge openly their false predictions and unnecessary attacks but in secret, they are regretting not taking advantage of the opportunities that Bitcoin offers. I am also happy that nations like El Salvador and Bhutan invested in Bitcoin and will also be in profit now.

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Anyone who has been DCAing bitcoin from the bottom has made decent profit. Even though Saylor has got approx. more than 100% as per the current price, he is still under Elon Musk's ROI.

It seems Bitcoin's price surge has been boosting all companies shares that invested in it. It is like a snowball effect, and it may still grow higher considering how fast BTC is moving up.

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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.

In business world, ditching the conventional thought process is one great quality every businessman should possess. It doesn't mean that conventional thoughts are bad. Warren Buffett is an old guy with conventional thought process and Mike Saylor holds unconventional thought process. The result is what we can see!

All we need is a little guts to go against the tide. More power to Michael Saylor! Strategic buying with a mindset of winning can make us all rich!

l99l

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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.

Smartprofit

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Michael Saylor not only buys real bitcoins, his company also issues stocks and bonds. He is an experienced businessman from Wall Street and seeks to buy assets not with his own money, but by attracting funds from others.

Michael Saylor is a businessman, I would be careful not to call him a convinced Bitcoin maximalist or crypto evangelist. It seems to me that in a critical situation he may well start selling his bitcoins (just like he is buying now).

However, at present he is making purchases of the first cryptocurrency, which increases its popularity and has a beneficial effect on its price.

Not long ago, Michael Saylor was heavily (and rightly) criticized for his commitment to custodial storage of cryptocurrency.

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This is indeed a good one. The company is already seeing their profit grow even when Bitcoin is just starting; even with the pump, they still make another purchase worth over $2 billion to show they believe their faith in Bitcoin is very strong and don't see any reason for them to back down.

Warren Buffett might publicly be criticising Bitcoin, but I so much believe that he might hold some in secret and will be too ashamed to admit it after he has lambasted Bitcoin for the past years now, considering it to be worth nothing and an overhyped something.

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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.

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

Micheal Saylor is a good business man.

As a bitcoin investor, I admire Micheal Saylor's bitcoin investment but that doesn't mean he is the only good businessman, and Warren Buffett or Peter Schiff or anyone who doesn't believe in bitcoin are not good businessmen or investors.

Warren Buffett is one of the legendary investors and one of the richest people in the world with a net worth of over $145 billion, three times the market capitalization of Microstrategy. Meanwhile, Peter Schiff owns a fortune worth $70 million without having to invest in bitcoin. In general, they are all talented and successful people in business and investment. However, they have different preferences and investment mindsets, so they have different choices to become rich.

By the way, I just read that Michael Saylor just bought another 27,200 BTC worth over $2 billion, bringing their total bitcoin holdings to 279,420 BTC.

https://x.com/saylor/status/1855959543508828428

dzungmobile

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You can get MicroStrategy's ROI of their Bitcoin portfolio with following sites. There are perhaps more websites can give you this information as well. When you compare information from different sites, maybe they're not the same, like one is correct and others are less accurate by not update on time. However, it's not too important, and by looking at these numbers, you will see amazing effects on an investment portfolio through DCA strategy. It's the key point you must take and learn from MicroStrategy.

https://saylortracker.com/
https://bitcointreasuries.net/entities/1

bettercrypto

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If his ROI is like that, it's not surprising because he's a businessman. Also, he has a lot of trust and belief in Bitcoin because he knows that it really has a long-term investment potential.

Maybe that 20B$ could possibly circulate three times more. Even if it's 60 Billion, you know the market is too unpredictable and long-term investors only expect that
they will get a profit in the future.

_act_

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Lightning network is good with small amount of BTC

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.

Topic: MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100% (Read 505 times)