When will Michael Saylor and MicroStrategy sell BTC? - page 2.

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Quote from: Smack That Ace on March 20, 2024, 02:51:49 AM

MicroStrategy is still buying and has no plans to stop buying bitcoin this year, but that doesn't mean they will never sell their bitcoin. Just as blackrock has been buying bitcoin continuously since the ETFs were passed, they absorb all the bitcoin sold each day from Grayscale. Many people are excited because large funds continuously buy bitcoin on the market, making the supply increasingly scarce and the price of bitcoin will rise higher. But don't they think that one day if these large funds massively buy their bitcoins, what will happen? Like what Grayscale is doing, they sell large amounts of bitcoin every day, and for the past 2 days they are selling quite large amounts. It can be said that bitcoin's correction is partly due to Grayscale selling its bitcoin. So it was naive for many to believe that MicroStrategy would never sell their bitcoins.

There is a slight difference between MS and BlackRock: MS buys BTC using the money of MSTR stock investors according to MS's own plan. BlackRock accumulates BTC according to the demand of investors in the BTC spot ETF.

Although both buy BTC with the money of other parties, their nature is different. Similarly, when ETF investors sell IBIT, BlackRock will have to sell BTC, while MS can continue to hold BTC even if the price of MSTR falls due to selling pressure. However, that does not mean that MS will hold BTC forever.

We do not believe that MS company can exist forever, so we do not need to hope that MS will hold and buy BTC forever. Even if BTC can reach 100K USD or 1M USD, at some point in the future, I believe that we will have news about MS selling BTC.

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Quote from: hd49728 on March 19, 2024, 10:19:30 PM

Quote from: red4slash on March 18, 2024, 04:54:59 PM

Microstrategy only has about 174. 530 bitcoins at the moment

MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.

That he will definitely say because indeed until now he is still a bitcoin maximalist but that does not mean that the words cannot be changed because in the end when someone who has a large level of popularity and has many followers in it, it is likely that changes in statements even opposite even that can happen. We take the example of Elon before in this case because indeed he was also in bitcoin and even gave a situation where he seemed to have a strong desire for his company to adopt bitcoin but look at what happened afterwards because even statements like that are like a situation where it only attracts the trust of the crowd and slowly drops it.
Now what Saylor is doing is very good but we will not know what he will do in the future in the end.

For the total amount issue, I might be mistaken for taking reference from others because I took the reference from Coingecko but thanks for setting the record straight and providing the latest data

.

Smack That Ace

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Quote from: hd49728 on March 19, 2024, 10:19:30 PM

Quote from: red4slash on March 18, 2024, 04:54:59 PM

Microstrategy only has about 174. 530 bitcoins at the moment

MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.

MicroStrategy is still buying and has no plans to stop buying bitcoin this year, but that doesn't mean they will never sell their bitcoin. Just as blackrock has been buying bitcoin continuously since the ETFs were passed, they absorb all the bitcoin sold each day from Grayscale. Many people are excited because large funds continuously buy bitcoin on the market, making the supply increasingly scarce and the price of bitcoin will rise higher. But don't they think that one day if these large funds massively buy their bitcoins, what will happen? Like what Grayscale is doing, they sell large amounts of bitcoin every day, and for the past 2 days they are selling quite large amounts. It can be said that bitcoin's correction is partly due to Grayscale selling its bitcoin. So it was naive for many to believe that MicroStrategy would never sell their bitcoins.

hd49728

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Quote from: red4slash on March 18, 2024, 04:54:59 PM

Microstrategy only has about 174. 530 bitcoins at the moment

MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.

Medusah

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Quote from: yazher on March 19, 2024, 06:56:55 PM

It depends on them whether they want to sell it so soon when the price is quite high or just simply wait for an even longer period in order to maximize their earnings.

As I previously stated, they have realized that this is the next big thing, the best store-of-value deserving asset that cannot be inflated arbitrarily. Why would you want to sell that? If you were a real estate investor, you would not sell an expensive house in New York or London; instead, you would keep accumulating because you know this is one of the best investments that keeps generating capital.

Quote from: yazher on March 19, 2024, 06:56:55 PM

As for us, it will just depend on how we want to use our bitcoins because most likely when the price reaches new ATH most of us are selling our bitcoins and those bifg companies are just waiting to buy it for us because they know in the future we will gonna buy it from them.

Exactly. And they will buy it from you (not you personally), since you think in terms of fiat. However, these folks who are accumulating bitcoin like crazy do not perceive it as a method to become richer in fiat.

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Quote from: Medusah on March 18, 2024, 04:13:29 PM

I do not have anything but the feeling that Saylor will not exit Bitcoin. He looks convinced that Bitcoin is the top asset. He is doing nothing but buying and buying more for the past few years. Recently, he claimed that Bitcoin is the "End Game" and whoever owns the most wins. It would ruin his reputation if we knew that he sold all of his holdings, and more importantly, MicroStrategy's reputation.

It depends on them whether they want to sell it so soon when the price is quite high or just simply wait for an even longer period in order to maximize their earnings. overall, they are working for their future and making it something interesting by accumulating bitcoins throughout the years without worrying about the consequences of their actions because they have the means to lose it and they are firm on their decisions. As for us, it will just depend on how we want to use our bitcoins because most likely when the price reaches new ATH most of us are selling our bitcoins and those bifg companies are just waiting to buy it for us because they know in the future we will gonna buy it from them.

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Quote from: red4slash on March 18, 2024, 04:54:59 PM

Microstrategy only has about 174. 530 bitcoins at the moment

You are 39,716 bitcoins off!

Quote from: dansus021 on March 18, 2024, 10:09:07 PM

Hahaha I want to add it up whether BlakcRock or Microstrategy is for-profit company and like many of us when the bitcoin reached its peak I do believe both of them will take the profit and ofcourse they are gonna buy more when the price drops and Bitcoin now is part of the Regular asset like stock bond and forex in my opinion. In the future bitcoin would likely be trade by similar companies like MicroStrategy Blackrock or Tesla and this is is a good thing

MicroStrategy got bitcoin at a substantially lower average price than $63k. They would have made enormous profits if they had sold previously. However, they are not selling a single satoshi. I doubt they will sell anytime soon. They consider it as the most valuable asset. I am confident they think long term and see themselves as the new elite, because you can tell that they do not treat it as a get-rich-quick plan.

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Quote from: red4slash on March 18, 2024, 04:54:59 PM

Microstrategy only has about 174. 530 bitcoins at the moment meaning that with the current supply which is already 19 million in circulation and 2 million that are still not mined means that Microstrategi only has about 1 percent and even that is still less so what are we worried about with this because it might even show a small fluctuation in terms of decline just like what happened when Elon's statement did not accept bitcoin for Tesla but it will not affect the whole because after all it is only a small portion of the bitcoin they have and when it is sold in the end there are still many who will buy bitcoin without worrying that it will affect the market globally.

On the other hand I quite agree with some people who have the thought that if they really want to profit then another possibility to sell the stock they can do without disturbing or selling any bitcoin but indeed if they don't want to do that and sell bitcoin then it also won't be a problem for us as hodlers or people who are in bitcoin because in the end they have decided that and we just need to make plans for our profits by buying it without having to think about anything.

I don't think we can rest assured when comparing MS's 200K BTC to the circulating supply of about 19M BTC on the market. Most BTC has not been circulated, and the amount of BTC on CEXs is only about 1.8M BTC. Of course, MS will choose to sell BTC on OTC to get a higher price, but that will also change the supply and demand on CEXs and negatively impact the price of BTC. In the worst case, if the selling pressure is pushed onto CEXs at a time when the market is fearful, we could see a serious drop in the BTC price chart and the entire crypto market.

I'm just a little worried about this, because Saylor always says he will keep buying BTC and hold forever. I don't believe in those statements, I believe in the existence of limits, and I even doubt the ability of MS company to exist for another 100 years...

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Quote from: bbc.reporter on March 14, 2024, 11:17:31 PM

Quote from: Iranus on March 14, 2024, 07:42:03 AM

Just because they sell bitcoins and make a profit doesn't mean they will never buy them back when they drop in price.

“You can think of Bitcoin as a beautiful house in a scary neighborhood that you have to pay in cash and takes a year to buy and never rent. Whereas the spot Bitcoin ETF is like the same beatiful house in a nice neighborhood that you can buy tomorrow with no down payment.”[/i]

Wow wow I never thought that my post was gonna multiple quotes by you Guys hahaha Grin

Hahaha I want to add it up whether BlakcRock or Microstrategy is for-profit company and like many of us when the bitcoin reached its peak I do believe both of them will take the profit and ofcourse they are gonna buy more when the price drops and Bitcoin now is part of the Regular asset like stock bond and forex in my opinion. In the future bitcoin would likely be trade by similar companies like MicroStrategy Blackrock or Tesla and this is is a good thing

red4slash

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Microstrategy only has about 174. 530 bitcoins at the moment meaning that with the current supply which is already 19 million in circulation and 2 million that are still not mined means that Microstrategi only has about 1 percent and even that is still less so what are we worried about with this because it might even show a small fluctuation in terms of decline just like what happened when Elon's statement did not accept bitcoin for Tesla but it will not affect the whole because after all it is only a small portion of the bitcoin they have and when it is sold in the end there are still many who will buy bitcoin without worrying that it will affect the market globally.

On the other hand I quite agree with some people who have the thought that if they really want to profit then another possibility to sell the stock they can do without disturbing or selling any bitcoin but indeed if they don't want to do that and sell bitcoin then it also won't be a problem for us as hodlers or people who are in bitcoin because in the end they have decided that and we just need to make plans for our profits by buying it without having to think about anything.

Medusah

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I do not have anything but the feeling that Saylor will not exit Bitcoin. He looks convinced that Bitcoin is the top asset. He is doing nothing but buying and buying more for the past few years. Recently, he claimed that Bitcoin is the "End Game" and whoever owns the most wins. It would ruin his reputation if we knew that he sold all of his holdings, and more importantly, MicroStrategy's reputation.

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When I am holding Bitcoin, I only know when I will sell it. Only MicroStrategy can say when they are going to sell their holdings. For a long time, MicroStrategy has been accumulating bitcoin, and we don't know what their exact target is. By considering the average accumulation price, they are already making profits. I don't think they will sell their holdings very early. They must have a goal where they might sell. They would have a selling strategy as well, since they have an accumulation strategy. They won't dump the market at all.

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Quote from: _BlackStar on March 17, 2024, 05:09:15 PM

Firstly - that's his business, but maybe he won't sell it so soon. He appears to be waiting a little longer and patiently while stimulating more panic among other small investors who are afraid of failing to get maximum returns at the peak of the bullrun.

In the end Michael Saylor and MicroStrategy are very likely to sell some of their bitcoin holdings - but what's the point of thinking about that if you have your own investment goals and profit targets. The impact of a big sell is a price dump - but you can decide when to sell regardless of when Michael Saylor and MicroStrategy sell.

Third - not very, but maybe it's useful. At least bitcoin is more trustworthy because big institutions do it too - that can influence other investors' interest and trust in bitcoin indirectly.

I am also prepared to receive any new information about the actions of Saylor and MS regarding their BTC reserves. I would be happier if MS continues to issue bonds or stocks to accumulate BTC, but if MS sells BTC, maybe that is part of their business.

As you said, MS has really become famous for its BTC accumulation strategy, and currently MS is also helping BTC gain more credibility and become an asset worth considering in the asset diversification process of many companies. Whether MS sells BTC in the future or not, Saylor and MS still deserve respect for their contributions to promoting the value of BTC.

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Quote from: Vincom on February 19, 2024, 08:06:11 PM

I would like to know your opinion on this issue:

What are your thoughts on the possibility of Michael Saylor and MicroStrategy selling Bitcoin during the current bull cycle's distribution phase?
If such a sale were to occur, how do you anticipate it affecting the price of Bitcoin and the broader cryptocurrency market?
Do you consider the actions of individual entities, such as MicroStrategy, when making investment decisions?

Firstly - that's his business, but maybe he won't sell it so soon. He appears to be waiting a little longer and patiently while stimulating more panic among other small investors who are afraid of failing to get maximum returns at the peak of the bullrun.

In the end Michael Saylor and MicroStrategy are very likely to sell some of their bitcoin holdings - but what's the point of thinking about that if you have your own investment goals and profit targets. The impact of a big sell is a price dump - but you can decide when to sell regardless of when Michael Saylor and MicroStrategy sell.

Third - not very, but maybe it's useful. At least bitcoin is more trustworthy because big institutions do it too - that can influence other investors' interest and trust in bitcoin indirectly.

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Quote from: DanWalker on March 14, 2024, 11:05:49 AM

I also find it funny and confusing that so many people are always worried about Michael Saylor, Tesla or Satoshi selling their bitcoins. They are also investors like us and if they want to take profits they can sell their bitcoins at any time, there is nothing to worry about and it's not too scary. Because once they sell their bitcoins, someone will definitely buy back all their bitcoins and that's how the market works. Even though they are the ones who hold a lot of bitcoin, they are not the ones who control bitcoin and control the market, what do we have to fear?

What I mentioned consists of 2 parts: MS can totally sell BTC even though Saylor once claimed that MS will hold BTC forever, and if MS sells a large amount of BTC in the distribution zone, their actions will have a very negative impact on the market because of their reputation and the value of their BTC. The selling action of diamond hands can trigger extreme fear in the market and cause the downtrend to be extremely fierce, possibly bigger than what we saw from the collapse of Terra and FTX in 2022.

I myself am not worried about the market going into a downtrend in the future, I am just afraid that such big impacts can change the nature of the market and make me unable to liquidate my crypto assets at the best price Sad

I feel uncomfortable that the market can be strongly affected by a few companies, the market should operate according to its own behavior.

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The success of the MicroStrategy stock is heavily dependent on Bitcoin performing well. Their holdings are large enough that if they decided to start cashing out it could have a significant impact on Bitcoin’s price which would also negatively affect their stock. MicroStrategy has made a bet on Bitcoin and if they were to sell it would be a signal that they have begun to lose faith in it.

The diamond hands approach is at this point their best strategy. If investors are anxious about losing out on profits then perhaps they should sell their own shares which have been pumped because of Bitcoin, rather than expecting MicroStrategy to sell their BTC holdings.

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Quote from: Iranus on March 14, 2024, 07:42:03 AM

Quote from: bbc.reporter on March 11, 2024, 08:56:32 PM

Quote from: Iranus on March 10, 2024, 11:06:27 PM

Quote from: dansus021 on March 09, 2024, 10:09:49 PM

Sooner or later Michael Saylor or MicroStrategy would sell its bitcoin because, in the end, the Company wants a piece of the profit tho I believe both Michael Saylor the company MicroStrategy gonna sell all of it, Maybe they gonna sell like a quarter or even a half of it but not all of it.

It's all for profit, so if they feel it's not enough, they won't sell it all, but if they need money or feel it's profitable enough, there's no reason not to sell it all. I don't rule out the possibility that they will sell out of bitcoin during the next bull season when bitcoin peaks and that will probably be the cause of another bear market. And then, they continue to buy back bitcoin during bear season at lower prices.

Don't be too naive to believe that they will never sell all their bitcoins, they are large organizations and have enough potential to manipulate the market more than we think.

On Michael Sailor Moon, I disagree. I speculate that it is not only profit for him. He is certainly doing this for his legacy and also why would he sell bitcoin if this is going to become something similar to gold? Uncle Larry and Aunt Cathie has been buying much of the bitcoin cousin Barry has been dumping.

There was a news article that mentioned Blackrock has presently more bitcoin than Microstrategy. This is only the beginning of this race who creates a legacy. Will it be Michael Sailor Moon or the new mayor of bitcoin Larry Fink.

Just because they sell bitcoins and make a profit doesn't mean they will never buy them back when they drop in price. Like all of us here, we will sell and take profits when bitcoin hits $100k or $200k. But is anyone saying they will never go back to buying bitcoin or will people wait for bitcoin to drop to $50k and then start another accumulation?
If I remember correctly, blackrock is a fund that owns assets worth more than 10 trillion USD, do you think that if they buy, buy and never sold, they could have that huge amount of assets?

Who said they are dumping? I did not say this. I said that this will be a race on how who the king of bitcoin. This will be a race berween Larry Fink vs. Michael Saylor. I reckon they want to create a legacy that will be remembered as being financial geniuses who became a king of this new type of digital currency. They are also beginning to notice each other.

While the crypto asset industry faces fear and uncertainty over regulatory clarity in the United States, trading of Bitcoin is hardly contested by regulators. Speaking to CNBC, Saylor said Bitcoin is the “Most certain thing in an economy full of uncertainty.” Also, he welcomed the spot ETF developments from the financial giants. However, he rejected the argument that the ETFs would threaten his company’s investment strategy.

“You can think of Bitcoin as a beautiful house in a scary neighborhood that you have to pay in cash and takes a year to buy and never rent. Whereas the spot Bitcoin ETF is like the same beatiful house in a nice neighborhood that you can buy tomorrow with no down payment.”

Source https://coingape.com/michael-saylor-microstrategy-bitcoin-news-crypto/

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Quote from: bettercrypto on March 14, 2024, 10:46:55 AM

Michael Saylor was one of the bitcoin believer who accumulates bitcoin from time to time, as far as I know. Now, why do you want to know when Saylor and Microstrategy wants to sell his Bitcoin holdings? Shouldn't you worry about that because it's his choice? Do you mind your own business?

Maybe it's better for you to understand your holdings because Michael Saylor is sure to have a profit to get from that. Why would Saylor be blindsided by the profit he's going to get?

I also find it funny and confusing that so many people are always worried about Michael Saylor, Tesla or Satoshi selling their bitcoins. They are also investors like us and if they want to take profits they can sell their bitcoins at any time, there is nothing to worry about and it's not too scary. Because once they sell their bitcoins, someone will definitely buy back all their bitcoins and that's how the market works. Even though they are the ones who hold a lot of bitcoin, they are not the ones who control bitcoin and control the market, what do we have to fear?

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Michael Saylor was one of the bitcoin believer who accumulates bitcoin from time to time, as far as I know. Now, why do you want to know when Saylor and Microstrategy wants to sell his Bitcoin holdings? Shouldn't you worry about that because it's his choice? Do you mind your own business?

Maybe it's better for you to understand your holdings because Michael Saylor is sure to have a profit to get from that. Why would Saylor be blindsided by the profit he's going to get?

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Quote from: bbc.reporter on March 11, 2024, 08:56:32 PM

Quote from: Iranus on March 10, 2024, 11:06:27 PM

Quote from: dansus021 on March 09, 2024, 10:09:49 PM

Sooner or later Michael Saylor or MicroStrategy would sell its bitcoin because, in the end, the Company wants a piece of the profit tho I believe both Michael Saylor the company MicroStrategy gonna sell all of it, Maybe they gonna sell like a quarter or even a half of it but not all of it.

It's all for profit, so if they feel it's not enough, they won't sell it all, but if they need money or feel it's profitable enough, there's no reason not to sell it all. I don't rule out the possibility that they will sell out of bitcoin during the next bull season when bitcoin peaks and that will probably be the cause of another bear market. And then, they continue to buy back bitcoin during bear season at lower prices.

Don't be too naive to believe that they will never sell all their bitcoins, they are large organizations and have enough potential to manipulate the market more than we think.

On Michael Sailor Moon, I disagree. I speculate that it is not only profit for him. He is certainly doing this for his legacy and also why would he sell bitcoin if this is going to become something similar to gold? Uncle Larry and Aunt Cathie has been buying much of the bitcoin cousin Barry has been dumping.

There was a news article that mentioned Blackrock has presently more bitcoin than Microstrategy. This is only the beginning of this race who creates a legacy. Will it be Michael Sailor Moon or the new mayor of bitcoin Larry Fink.

Just because they sell bitcoins and make a profit doesn't mean they will never buy them back when they drop in price. Like all of us here, we will sell and take profits when bitcoin hits $100k or $200k. But is anyone saying they will never go back to buying bitcoin or will people wait for bitcoin to drop to $50k and then start another accumulation?
If I remember correctly, blackrock is a fund that owns assets worth more than 10 trillion USD, do you think that if they buy, buy and never sold, they could have that huge amount of assets?

Topic: When will Michael Saylor and MicroStrategy sell BTC? - page 2. (Read 1269 times)