Topic: Why Microstrategy owner (michael saylor) holds huge amount in bitcoin - page 2. (Read 494 times)

I believe people who invest so much in BTC trust the network, and they built that trust because they have done their research. BTC has a lot of features that can easily make one interested in the network, but to invest so much in it doesn't only require research but money too; there are people who live in underdeveloped places and have heard and researched about BTC, but they can't invest in it because they do not have the money to do so. As such, the two reasons that can make a person go all in is: research and money.

So you trust a guy and then ask what research he did?

Are you also going to accept all the information we will post here with the same full trust?

What is stopping you from following the lead of any number of influencers investing in any number of assets?

Bitcoin is a lot about self teaching and self discovery. If you aren't willing, I would say it is not for you.

Today in world business one of the most talked person is Michael Saylor, chairman of software vendor company MicroStrategy (MSTR). He is known to have purchased approximately 2,395 bitcoins worth $42.8 million between November 1 to December 21. So far MicroStrategy has collected 132,500. It is worth about $2.25 billion at current prices. There is no doubt that Michael Saylor is a big holder of Bitcoin. He owns 0.62% of all bitcoins. His faith and trust in Bitcoin has encouraged all the investors. Undoubtedly, he will reach his goal ‍accoridng to his mentioned time. In a bearish market, BTC's low price wont be stable. It will again be able to break the previous record by it's bullishness.

you can read in this forum about the advantages of bitcoin with other crypto, even with fiat money.
most frequently mentioned,
- bitcoin transactions are very private and secure, with low fees.
- bitcoin is expected to continue to potentially continue to grow.
- the uniqueness of bitcoin too, is not affected by the banking system.

that is the uniqueness and advantages of bitcoin, bitcoin is very suitable as an investment, and is also suitable as a transaction tool.

That is the worst advice somebody in this space can give anyone else to do.
Everyone here knows how volatile this currency can be and having it just go down by a percentage can really do damage to those who have something worth as much as a house to use for collateral to buy it.
His company sold some but then immediately bought more. This was their strategy for tax harvesting I would assume.

That was one of the most retarded(sorry) and irresponsible advices I've seen that's been said by a person that's supposed to be significantly smarter than the typical person. It's just so bad that it's actually worse than the advice I've seen the worst YouTubers have given.

Remember when Saylor told people to take a home equity loan out to buy Bitcoin at the top?

Good times.

Part of the reasons to that is in here https://twitter.com/BitcoinMagazine/status/1610056637557137409?t=7kEhasaCbdxigWnCIImppg&s=19 and also if you had been following Michael Saylor on his social media accounts you would have discover more reasons why he had chosen to respect every decision made by microstrategy, this is what they see and believe which is working for them, they buy, hodl and sell, but it does not end there, they have got every instrumentation needed to make any purchase in bitcoin, an asset that will always remain profitable is good for investment, never forget that we are still in the dip, bitcoin will rise and by then, only those investors that hodl will laugh when it surges.

Saylor explains in very rational manner why bitcoin is the only digital commodity and altcoins are not (they are securities). They are securities because they had a premine or ICO involving venture capital, they are controlled by a person or small group of persons, they pass the Howie test, etc. In other words altcoins are garbage.

Everything Saylor says about bitcoin is true and can be verified. Even the head of the SEC and CFTC regulatory agencies in the United States officially stated that bitcoin is the only digital commodity, everything else including ethereum are unregulated securities.

In terms of Michael Saylor and Bitcoin, jumping in based on his interviews wouldn't be the
worst thing, but of course in principal it's not recommended. I would say most newbies
do their research after they make their investment


Saylor has a very deep understanding of Bitcoin and can talk in abstract ways about Bitcoin.
I have never heard anyone say that Bitcoin is Digital Energy.

If anyone is feeling in the slightest way negative on Bitcoin I would recommend a 30 minute
session with Saylor to put things right!

Yes this true we can actually see the interview on youtube and on my perception, He is Bitcoin maximalist

---

He said on their twitter "#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy."

and he actually made a website called https://www.hope.com/ and talk dozen about bitcoin. I mean we need people like Michael saylor 

never invest due to what someone says purely because you recognise the persons name as some one famous and automatically think "well he is famous so he must know what he is talking about"

instead take what that person says and the research it. and see if what he says checks out, also find an opposing view and then research that, and then come to a conclusion of which one is right and choose based on the right information

and by research it means find actual data/code/sources.. not popularity contests of how many followers some one has that have merited or liked a certain topic

its not about ignore famous people. its not about blindly believe.. its about listen and take what they say and research its accuracies

some days they can be correct about one thing and not so much about another. so dont just blindly trust forever a guy because at one time he said something you agree on.. always do your own research on each subject

Well, it is risky for you t go all in into an investment because an influential personality is bullish about the assets, even though bitcoin is a multi-faceted asset that a lot of its intended feature is yet unknown and undiscovered yet. But if you keep on jumping on anything that has been promoted by a big name like Michael Saylor, or even Elon musk and the rest of the other influential personalities around the world, you may get misled because those guys a bullish on those projects simply because they have their investment in them and will want the price to go bullish so that they make more profits. But taking personal time to discover the potential of such an investments and their utility demand before diving into them will help you a lot instead of trusting on the public statement from men of influence.
Oh ok so now let's discuss based on the fact that you already admitted that you made a grammatical error in your arrangement of the sentences,  but from the whole message you posted in ops it seems you know exactly what you are saying and you put in 200% of your investment into Bitcoin after being motivated by Saylor statement and bitcoin holding, even though we don't know exactly the amount of Bitcoin held by Micheal in his personal wallet as a personal asset aside from the one his company hold which belongs to micro strategy.

I would recommend not to be influenced too much by Saylor, it seems that the OP has discovered him now but if he had discovered him last year at the peak of the bull market he could have gotten carried away, and could have gone all in debt to buy Bitcoin, and although Saylor's message is to do it in a rational way, much of the leverage we have seen cascading liquidation in the downturns we owe to him.

He's a very smart, well-spoken guy, but those types of people get it wrong too. Better to study what Bitcoin is and based on that decide whether to invest, as pooya87 says.

Well your in initial post is very misleading then, it sounds like you just jumped in following someone else without doing your own research.

Anybody should do some research on their own and see what bitcoin is, not just look at the charts and see the price going up and see some rich guy has bitcoin and follow them.
Bitcoin is the only decentralized currency in the world that can not be censored or sanctioned. You don't need a middleman to send, receive or hold bitcoin which means no one's hand is in your pocket when you use bitcoin but your own! It has a limited supply so we can say that bitcoin is the only existing money in the world too (everything else we have like dollar is currency not money).

i'm not saying that i invested hearing michael saylor it is just a way to make you all understand
A average person also thinks many times even he has small amount to invest but I want to know what things make anyone to invest this part of his networth and this much big amount
after reading this answers here , i understood that bitcoin cannot be seized, easy transport than gold , low risk to manage , etc

my english is bad so ignore

Now what, are you blame to Micro Strategy since Bitcoin price didn't increase after a year? there's no one in this world including Satoshi force you to invest in Bitcoin, Bitcoin enthusiast just encourage people to invest, but you're the one who make the final decision. Most people who put almost of his money in Bitcoin are looking for long term, holding fiat will make your wealth decrease, so they're looking for an asset which can hedge against inflation.

You tell me — why did you become bullish on bitcoin just because Saylor did, without knowing why he was bullish in the first place? Looks like you blindly trusted a person of influence.

We have different perspective on how to trust Bitcoin. I’m actually scared because this institutional investors like Saylor and Grayscale that holds huge chunk of Bitcoin that bought in high price. I preferred the small quantity distributed to all holders rather than whales holding it. I know that Saylor intention on Bitcoin is good but he is investing money using his company funds which we all know that will not gonna hold loss for so long or else there investment is not profitable at all.

I trust Bitcoin 100% due to its technology not because someone prominent like Saylor that investing huge money on it.

Because Bitcoin is a truly decentralized currency. Bitcoin is immutable. Bitcoin can't be seized. Bitcoin can't be censored. And it has fixed supply. These are just some of the reasons that Michael Saylor probably saw worthy enough to go deep into Bitcoin.

You should also try to find the real reason why you are into Bitcoin rather than go into it just because Michael Saylor risked so much for it. There are definitely more meaningful and interesting reasons to go into Bitcoin rather than just imitating somebody.