Bitcoin Forum

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Imho you can't.
Such buys are probably made by 3rd party specialized companies or actual exchanges.
The buys are spread to different times, values and maybe exchanges too, so you won't notice anything different than a dozen of traders buying now and then.

No actually, what they are saying is they will liquidate assets,,, mainly stocks to the amount of maybe $1 billion. AND part of this they will use to buy Bitcoin. I guess it might be even 500m but actually none of the amount is confirmed so I doubt it is really going to be a big market mover.

Plus the last time he did it did not really do anything big either!

500 milion bought by experienced traders wont move price ... if they dont wont it to move price :) I expect people to front run Michael Saylor (thats why price grow now) and dump on him right after announcement that he has money ready to buy.

Worth to know info passed from other thread that refers to microstrategy investments.

you can't get the right timing when he enter unless if he will post or make tweets like what elon's doing,. By the way where did you get this information? If i were you follow the site or the source of that information because for sure they're still the one who will post an update once that man you've mentioned above making moves in the crypto space..

It's no secret how MicroStrategy buys BTC without affecting the price - they do it through Coinbase, which again uses different methods to provide the customer with a satisfactory result. This approach does not surprise me at all, because all those who buy want the lowest possible price, and this can only be achieved if they use special methods that at least in the short term bypass the classic supply and demand situation. What actually happens is that Coinbase buys on behalf of the client, and then that same BTC ends up in their possession again (Coinbase Custody).

There's no way to know it. He's like buying every single dip and every single week, day, or at any time. He's been known doing that even before this pandemic and the bull run has started. I know what you're thinking so that you can also enter as he enters. But it's not always a good time that he enters because I remember that there was some news that his company bought but it was I think above $40k so that particular batch of his purchase is at loss. Thus, he's buying for the long term so he's also like buying at any price that he has to.

The only way to find it is ask his bitcoin address. Obviously you can't know how and when he will buy the bitcoin. But if he feel bitcoin is dropped lot from his buying price, he will announce it on public if he already bought bitcoin to hope it pump. Just like he did when bitcoin dropped below $40,000 back then

I do not think it would be in one bag and in his personal wallet,,, This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo. Saylor is one man and we all remember what supposedly happened when 1 man died and Quadriga exchange lost everything right?

You can't really know. It isn't a big buy in the first place, nor is it possible from what I know. It's spread out across multiple buy orders, and for that amount, it'd be quite an enormous amount of orders. You can try checking for his wallet but I hardly doubt you'd get his info in the first place, not to mention that who knows, it may have been spread across multiple wallets instead of only one. Big trades are made in small portions so that they aren't noticeable in the first place, and so that they don't negatively affect the market.

Is it hard to read a few posts and find out how MicroStrategy buys BTC - rather than continue to speculate and copy other people's answers? We know the way he buys, we know when he will buy approximately (there is always an announcement), but that doesn't help us at all because the way he buys never affects the price.

there is nothing we can see, we can only see in the order book or in the transaction history,
if you are a binance user then look there, if someone bought $500 million for Bitcoin, maybe Michael Saylor bought it,
well, no one will know about Michael Saylor's buying in the market, we can only know about analyzing the chart

from what I've noticed, Michael Saylor buys Bitcoin at an unknown time...

basically, he buys Bitcoin when the market is down, his only goal is to spread public confidence to buy Bitcoin too. recently when the market was sluggish he bought more Bitcoins, from there we can know his buying habits.

michael saylor have huge funding to realize his dream to make bitcoin price hit $100k. many time in every dip saylor make partially buying to drive bitcoin price again. but unfortunately what saylor doing was not enough to drive price higher and higher, alot of traders and investors still pessimist with current situation.

I am sorry if you think I copied other people's answers?

I read the story, on Financial Times, but it never gave any of those information so my first response was to title of thread saying "his bags" which clearly it could not have been. My second response I do see now that you answered about Coinbase being the ones buying for them. My bad for missing that.

Makes sense, US company using a US exchange to buy huge amounts of crypto.  I don't see how else a publicly-traded corporation would do it.  If they bought from an individual whale, there might be questions from shareholders (or short-sellers) about conflicts of interest and so forth; and it wouldn't be great for MSTR's public image if they used a foreign exchange, nor would it likely be advantageous for them to do so.

And OP, I wouldn't call what Michael Saylor has as "bags".  For one thing, the bitcoin isn't his.  For another, what MSTR owns is a huge amount of bitcoin, the king of kings when it comes to crypto.  "Holding the bag" implies that you've bought something lousy, and that doesn't describe bitcoin at all.

Traders DID front run him. Bitcoin surged from $35,000 to $40,000 in a mere 72 hours. But Saylor’s traders obviously expected it, and placed their bids probably lower than where everyone believes. He also probably learned a hard lesson after buying Bitcoin blindly at > $50,000 market during the crashening. 8)

In the beginning, there could be some effect on the price of Bitcoin when these kinds of a huge company are announcing that they are buying Bitcoins.
But if you can see, as time goes by, several companies or the same companies are announcing that they bought Bitcoin, the effect on the price as time goes by is not the same at the beginning.
For me at the end of the day, the amount or how big the money will move in Bitcoin will matter, the price will probably react.

We need whales like this man. We need more volume for BTC for now.

that's the problem, when we want to be like what he did but we ourselves forget how to achieve our own trading strategy based on our initial concept when trading.
so I don't think anyone will know, but for sure, if he uses analysis services, it will be very expensive. as for if on the contrary he uses his mastery to buy, then at least he is proficient in determining when to enter at the ideal price.

I personally never trust these kinds of reports. Who knows when or how much they actually buy. It is possible that the headline is different than the actual article. If it's not verifiable, at least for me, just treat it as if it was non-existent.

OP, your question might be answered, look at the market. I believe it’s the “Saylor Bids” that are currently supporting this market now. I was expecting to see the correction to continue, and see Bitcoin priced at $33,000 - $34,000 today.

Easy.

If bitcoin is going down, he is probably buying the fucking dip. Following his tweets I can say he is pro bitcoin. It is natural to think that he is buying every dip there is and there will be. Other than that, I don't think there is another way to verify this.

Why do you care anyway? There are bigger market movers than Saylor.

if we have several michael saylor who believe in bitcoin future maybe we will not see current price of bitcoin below $37k. Saylor need huge support from crypto community , not only financial support but also fundamental support by spreading positive thing about bitcoin and other cryptocurreny.

It's up to you to follow him, people have different opinions and market strategies. So we can never expect that all of us will follow in a single path and it was impossible to see that everyone is buying because someone told us to do so. No, some will buy and some will sell. That is the reality in crypto.
I suggest being careful following with the whales like Michael, they might be setting you a trap.

I am not familiar with Michael Saylor and his bags as well, But I can give an answer to your question anyway.
And my response is no one knows who's selling or buying in the actual trade. This is the reason why all traders
are anonymous. All we can see is the Txid and the address from the place it came from and to the destination
address too.

Unfortunately you cannot get to know when they are buying; or probably you will get know delayed because in the past when they have tweeted about their buying bitcoins and then I have observed those markets spikes. So, if you really want not to miss out good buying prices and want to buy before Microstrategy will be buying then I guess you must buy right now.

I read they are raising big amount of money to buy more bitcoins in coming days and when they are executing their plans, I believe bitcoin again will land into in the $60k zone more easily and without any doubts. So, buying right now may not make you regretting at any point of time.

Unless you are a friend of his then you are never going to be able to tell when a whale like that makes those kind of movements, you need to understand that they will try their best to try to hide those movements and this is because if everyone found out he was about to buy bitcoin then the price will go up even before he does.

This means he will have to pay more for each coin and this is obviously something that no one wants to happen to them so they use different exchanges, accounts, companies and different time frames to hide this from the general public.

You are saying that from a trading point of view. Entry point matters in the short term but not in the long term.
As you said Michael Saylor must be buying for a long term and hence he is buying every dip.
This might be a good strategy as long as we have enough money to buy the dip. But at the same time we have to look how much funds are left.
We can't put all our money at a single dip and then wait for the market to dump further.
But yeah, we don't have to worry about the price if we are in it for long. It's always a good time to buy bitcoin.

well , i wonder will he buy more on this dip , damn , their money seems like infinite. but remember , Grayscale still the largest institutional holders of BTC.


nope , even when Grayscale buying massive of bitcoin , the price changed didn't happen , looks like nothing change , but , remember tesla ? when tesla buy, price didn't change too , but after the announcement , the price finally changed.

There is no way to know how much and when he buys bitcoins apart from him making tweets or public announcements. There are huge trades happening all day so you don't know which one is made by whom and although the price should rise when he makes those purchase but the market is so big that the price doesn't move by much and there are sellers when the price rises so it is sort of compensated and hence impossible to determine if a big purchase was made by anyone.

Saylor doesn't have the kind of impact as Elon would have so I don't think it matters too much either if you somehow know when and how much he buys. I was curious if there is a connection between them both because if I am not mistaken they both follow each other on twitter and both were always positive about BTC until recently when Elon took a different path.

Does Michael Saylor have a wife? Truthfully someone should stop him from selling more equity of his company, or from using his company to take on more large debts to use to buy Bitcoin. There is a right time to do this, and currently it is NOT the right time.

You are right and someone buying bitcoins should not mean we should buy or sell it too because every trader should react on their own independent of what other traders are doing. It's important to know the news because it gives an idea of how the market might act but we shouldn't be making trades based on how one individual acts.

Once a large number of traders start following one guy that's where market manipulation becomes easier for them because they know how to fool the traders.

Might be true but I feel there are buyers 10x bigger than him supporting the market and they are anonymous because those are early investors.

He just completed his purchase about 2 hours ago or so. According to his tweet he bought 13005 Bitcoins for $489 million at an average price of $37.617 which is pretty much at the high last week. He has a total of 105085 bitcoins and his average is $26080.

So I have a feeling that people are going to want to get price below the $26K so his board gets nervous and makes him liquidate him position and if he starts to liquidate his position we will definately go below $20K fairly soon and stay there for a while. So becareful with your longs.

https://twitter.com/michael_saylor/status/1406946140344442882

Even after this much buying Bitcoin is not able to recover above 40k$. Because of the Chinese FUD, we are not able to see the hash rate and we badly need some support on mining.
If Micheal Saylor is reading this then I would request him to look at it and work towards making Bitcoin mining a better thing.

MicroStrategy just bought another $489 million in bitcoin to add to its vast trove of the cryptocurrency (https://markets.businessinsider.com/news/stocks/microstrategy-bitcoin-mstr-stock-price-purchase-michael-saylor-bond-btc-2021-6-1030539519)

See?

He is a man of his word.

He said he would buy the fucking dip and he bought the fucking dip. When bitcoin has investors like Mikey, it simply cannot fail. He just spent half a billion on btc like it was nothing. That takes ballZ.

He is doing DCA ( Dolar Cost Averaging ) his average is around $26k. You can do it too if you have deep pocket like him. To be honest DCA is the most profitable strategy in investment. You can win much and lose only small amount.
I dont think there is spesific TA when he buy. He just calculated his whole average buying below $30k ( look like $30k is strong support in this cycle ).

What is his net worth?  What I don't get about this whole thing is when someone is already as rich as him, why is he getting so involved so much in this?  It shows he has over two billion dollars in net worth.


Why doesn't he just go on vacation everyday and do nothing and just enjoy?  I mean whatever money he has, that is obviously enough for me him already.

That’s unpredictable, we don’t know when the whales will buy but we can see it’s effect after a few hours especially if the market reacts on it. There’s a lot of big institutions buying a cheaper bitcoin right now, I believe this is just temporary and I’m sure the price will start to recover in July and then goes off in a ghost month again. TAYOR!

You will have to be updated with his social life, I mean if you wanted to know whether he will buy or sell off bitcoin. Then you may follow his twitter and see if he move some bitcoins or not. You cant actually see it just by looking at chart. But then, the price eventually affected the moment he buy worth millions or billions of bitcoin.

https://twitter.com/michael_saylor/status/1406946140344442882

There’s the answer to the OP’s question. It was Michael Saylor who was actually pumping Bitcoin from $35,000 to $40,000, but it was unsuccessful. I’m among the most bullish of bulls, but I believe it’s the best time to start saving some cash for the next golden opportunity to buy large DIPs.

Well that is one of the advantages Saylor has as an institutional investor that we do not have, our funds are limited so even if we want to buy every single dip we are not going to have enough money to do so.

But when it comes to Saylor the only thing he needs to do is to ask for low interest loans from banks or other investors and get the money to buy the dip, this is why his stash is growing more and more each quarter and he has become one of the biggest holders of bitcoin around the world even if he is buying bitcoin for a price of double digits while the other whales got here when bitcoin was worth barely anything.

lastest buying price actually expensive enough for me, with that huge money saylor should not hurry when decided his buying entry moreover market sentiment still negative now. When Saylor announced that purchase actually bitcoin drop at around $30k, if he buy on this rate and wait a little bit he will got more bitcoin .

Many huge whales are leaving stock market to shift in crypto until the coin reaches its ATH.

Exactly! he can use those loans and earned money without even moving his savings,

a good luxury by a very known person, that kind of advantage that we don't have a simple / small time investors,  no argument but
in terms of taking loans those rich people always have the advantage, applying that to crypto they also have the luxury to hold more
and continue to buy each time dump is ongoing, keeping more assets and have that big edge once the market start to move on their favor.

Thought the Elon madness would had taught you guys a lesson but it seems many haven't learnt that lesson yet. You don't follow this whales as they never have your best interest at heart instead they're only after multiplying their wealth most likely making you lose your in the process.

So if I may ask, if you want to following his buying strategy, does that also mean you'll follow his fullstep when he wants to sell?. You think if he knows this, he won't manipulate the market to favour him as he know he has followers waiting on him to make a move before they also move?.

We have to stop giving power to this rich guys as they will misuse it, learn to invest based on your own findings and not blindly following influencers.

Yes, that might be true but at the same time even if we somehow get the loans as him should we use it to buy bitcoins ?
I always follow the rule "Never take a loan to buy bitcoin" and I think it makes more sense not to borrow money to buy any cryptocurrencies.
So even if I would get a loan I wouldn't buy bitcoin with it for I believe in "Only invest what you can afford to lose".

Most people will not learn until they lose all their money and even then there will be some that will not learn even under those dire circumstances, what happens is those people realize that learning by themselves about all the nuances of the markets is something which is hard so they are trying to find a shortcut which allows them to make money and at the same time to not have to make such a high commitment to learn how to trade.

Ant the only way to do this is by using the knowledge and experience of someone else to their advantage, but just as you have mentioned then this means this person can leverage that influence and benefit himself instead, and we see this all the time with influencers and pump and dump groups taking advantage of newbies.