Bitcoin Forum

Bitcoin is a coin that has made it very popular all over the world. Bitcoin's donation I saw is not falling below 45 thousand but it is moving towards further improvement. I was hovering around 47,000 in the middle of the day and now the price is expected to rise further because rich people like Elon Musk are buying bitcoin.
One of them is Michael Saylor.
I saw from some news that Michael Saylor will stop buying Bitcoin but it is not
MicroStrategy bought an additional 5,050 bitcoins for $ 242.9 million at an average price of $ 48,099 per bitcoin.
Michael Saylor tweeted this on Twitter yesterday.
source: https://twitter.com/michael_saylor/status/1437386724443926535

Well, if Michael Saylor says so that the prices will go up, then you better hodl or accumulate bitcoin right now because you don't want to be missing out. Although, take some precaution listening to these types of people as they have a stake when the prices go up so be careful because they can manipulate the market.

You should write more carefully, OP, nowadays you have online translators and a lot of tools you can use to write decently if English is not your mother tongue. Be careful especially the title.

Getting to the point, no, I don't think the purchase by MS has an influence on the price, especially in the short term. It is something that everyone knows he will continue to do. In the long term, if he buys those Bitcoin and takes them out of circulation (he does not intend to sell them), he may have some influence, but limited. Think that the trading volume in the last 24 hours is $41B.

I believe that his Bitcoin popularization efforts are more influential than the purchases he makes.

It's his company, Microstrategy that has bought another 5k+ bitcoins. There's already a thread made for it. (https://bitcointalk.org/index.php?topic=5359844.0)
And with these influential people and mentioning Elon, they really are marketable and whichever news and things they do related to bitcoin. The news goes all over and rolling that affects the market but sometimes with purchases like this, there's no effect at all.

Comparing to the last years, bitcoin is much more famous and there is more news about the company and famous people talking and investing in bitcoin, this can be good when they spread the bitcoin world. Saylor and his company are one of them they invested a lot in bitcoin and they will do positive talks about bitcoin resulting in bitcoin price to rise due to positive fundamental news, however, as a trader, investors, and bitcoin we should not listen to this news because this news will take emotional effects and will make people doing emotional decisions.

Bitcoin had a big drop / correction not long ago.
VISA considers accepting crypto payments (in Brasil).
Croatian bike company Greyp Bikes is accepting crypto payments.
MicroStrategy bought more bitcoin.
We are still in the "middle of" bull run.

There are multiple reasons for the price move up. This doesn't guarantees it will (it would be nice though).
And MicroStrategy buys didn't always made the price rise.

Bitcoin won't likely to rise. I think it will be side way through September and its rise will begin in October to the end of this year.

September is bad and one of worst months in calendar months for Bitcoin. People talk about golden cross but it is not make sense. Price does not break anything if it won't rise immediately after the golden cross appears. Price can increase a few weeks later.

Micro Strategy only buy the dip and they are aware of what will happen in late of 2021.

Why thinking about automatic pump when they do something? Maybe it can create fud but be careful on what you are doing since we might see a bull trap since these kind of news use by fudders temporary or maybe we can say a short term hype so its good not to take those things seriously unless we can see that the bull run is little bit effecting and those made by saylor or any whales is another additives on the ongoing pump.

This is good news, but as we have seen, it didn't have any positive effect on the market. Which means the driving force is still retail and not this big institutional company. And the one that will benefit from it is really MicroStrategy and not the average joe like us. We are still in the bull run though, no doubt about it, we just have to wait for the perfect timing again to see another good run before the end of the year with or without Michael Saylor's influence on the market.

Michael Saylor with his MicroStrategy is a big, strong and solid believer and investor in Bitcoin. He is a man who is putting actions to his words. And I am sure that a time will come when everything he has invested with this Bitcoin will eventually be validated in terms of profits made. Compared to Elon Musk, I admire more this man. And yes, if a man like Michael is continuing his quest for more Bitcoin, should we not do the same? Well, if only I really have some available funds then I would do it.

Careful believing what he's saying, he has a lot of bitcoin to his name so it's likely that he has some stake in saying that the prices are going to go up. But Saylor is right, bitcoin is going to rise since it's an appreciating asset.

Michael Saylor has announced bitcoin purchases through MicroStrategy multiple times in the past already, with this being like the 5th or 6th now. It's quite unlikely to affect the market in a positive manner(outside of the buy pressure due to the purchase he made, of course) now due to the MSTR hype being kinda dead already.

We should leave the logical culture with these frequent individuals / influencer who buy and we must wait for a reaction, the reaction up/down! should be organic and this nature must be based on a collective, it is a pity that we think that bitcoin belongs to everyone when it seems that it is run by a few.

We are really owners of our bitcoin or we are branches that manage us on the background.

^{Ty Michael Saylor, but next; "you" have the option to buying, selling satoshi/BTC or  "You" just hodl. On mode hodl is never late, regardless of the market reaction.}

Until now, I'm still wondering how much cash Michael Saylor and MicroStrategy have
he buys bitcoins as if he has no burden, whereas many people out there are even afraid to spend $100 to buy bitcoins "lol"

surely he will continue to buy bitcoin and will not sell, really a fighter who really believes in what he believes in (bitcoin)

I can tell how much Bitcoin: around 114041BTC
There's a topic about it (https://bitcointalk.org/index.php?topic=5280947), but it's outdated now. But if you follow there the correct links you end up at this spreadsheet (https://docs.google.com/spreadsheets/d/1fmYF8ND3lGHeZCzNww8chtiz7ZvbhSAzXOHKPkKDVF8/edit#gid=256764197) showing up-to-date amount, including the buy from yesterday.


I've read somewhere that they're selling shares and such for buying Bitcoin. I don't think that he actually keeps much cash (fiat) at hand.

People have a habit of deluding themselves based on selective information such as a small time scale. It was only a little while ago that Bitcoin was bouncing of the $30,000 dollar mark after falling from it's roughly $65k all time high. It sounds like you are just trying to be a day trader, so you are reading far too much into these highly volatile day to day swings in price. Most people aren't paying any attention whether it is $42k or $46k. If you want to day trade, which is an extremely financially dangerous endeavor, then you are much more likely to make large amounts of money by trading altcoins which can multiply in value due to their total market capitalization much easier. For Bitcoin to double in value it needs just under $1 trillion more purchased, for Dogecoin to double in value (for example) it needs just $31 billion more purchased. That is what the smart money is doing.

Michael Saylor always add all the info on his tweet announcement including total number of bitcoin holding, avg price per bitcoin and avg price of the latest purrchase. You can check out his twitter.
They have issued commercial papers few months back to purchase more BTC, I can't remember the exact amount ATM; probably $300m and used to purchase BTC at that time. If I'm correct, they had recently another of such announcement.

Bitcoin price is rising a little now actually but I'm still not sure whether it will be able to keep this pace up. Because Bitcoin is still struggling while trying to gather strength. The demand rate is not that high these days after seeing the big dump. Actually, this is one of the right times to buy but not all people trust Bitcoin in such condition. Without demand, it will be harder for Bitcoin to recover.

Yes, there have been some people saying that institutions will stop buying Bitcoin because of the price that went down, but that is not the truth. Institutions are going to see the decrease in price now as an opportunity to buy even more bitcoins and keep, because they know that in the nearest future the price of Bitcoin is going to increase more than what it is now. What we are seeing now is like the least price that the Bitcoin is going to be at for now.

As time goes on we all know that there is going to be more increase. Time will come when a lot of people are going to be wishing that they bought Bitcoin at this price of $40,000 or even $50,000, because at that time there's not going to be a price that's as low as this.

Michal Saylor is one of the people who have been always influenced by some way or another directly or indirectly the price of the bitcoin by his statements, and that said when he tweets about a major news regarding the price you should take that into consideration even if you are not following him because a lot of people do and most likely their actions will influence the market.

Don't be deceived and keep thinking bitcoin price to drop. Apart from whales like Elon musk and Michael Saylor, countries are also adopting the use of bitcoin. This will increase the demand for bitcoin to a level not surprised this will happen.
Check this news for more information https://www.cnbc.com/amp/2021/09/08/ukraine-legalizes-bitcoin-and-cryptocurrencies.html

It's pretty obvious that Michael Saylor has some narrative behind, that's why every post of his are very positive about bitcoin. Him and his company has invested so much that they really need to shill for it every time. Maybe his intentions are good and it can really influence the price is a positive way, but this people are whales and they can also influence the price the other way around.

Well we cannot really tell what will happen since for sure those followers of those guys can actually pin up by the moves made by them so for sure this could trigger a little bit demand and make noise the same on what happen today. And its not good to think about always dump since mostly that what whales want to make those little traders fear so that they can buy and earn when there manipulative works to pump up the market occur and spread up everywhere.

Some people believe Michael Saylor said it just to influence the price of the market but let's assuming MicroStrategy does buy the 5,050 Bitcoin. Do you see it influence the price of the market?
It means the level of demand is low and people are already expecting possible market blood bath which was said the always happen when it Q4 of the bullish year market.

so this is the effect of the climb now? bitcoin is now in good rise with 4% pump and also shooting many altcoins as well so there are possibilities that the tweet really affect the prices.
Michael Saylor is a popular person and specially in Social media so this may come good in our community and market.
indeed , so He would keep this track now and may help the support of the dreamed 100,000$ value this year.