Bitcoin Forum

As we all know that Michael Saylor brought a lot of BTC for more than one year and his average buying price of BTC is around $31k. Now BTC is trading around $33k which is pretty much near to his average buying price. Recently he said that "Never. No. We're not sellers," he said. "We're only acquiring and holding bitcoin, right? That's our strategy."

From previous market crash in 2018 we saw BTC dumped more than 70% from its ATH and if this time same thing happens BTC price could touch 20k. In the worst case scenario if history repeats again and BTC crash to $20k then what could be Michael Saylor action? He will be able to remain steadfast in his goal?

Why wouldn't the be able to? Say what you want about MicroStrategy being totally reckless with their buying, but they're definitely not as ignorant about markets as the typical retail "investor" that would panic dump because of a market crash.

I would expect that he will continue to DCA and even brag to be buying the dip. And in 3-4 more years he'd be laughing on the face of all weak hands crying now.
He even wrote not long ago that in his opinion short period for holding is 4 years. And if Bitcoin price will (continue to) fall now badly, in less than 4 years it should be back to ATH again.

Consulted my most reliable source, Magic 8 Ball (https://spinnerwheel.com/wheels/1Tk1l72YaygmRQpw5g1U?share=true&edit=false), and asked whether or not he will dump his BTC if it falls lower than his average buy price.

The response was: "My reply is no".

So there we have it.

I remembered Michael Saylor lately said indirectly like three days ago that at least to hold bitcoin, it is a matter of years before ripping its profit

https://twitter.com/technology/status/1483997494908444676?t=iw6u0aYn4iKPj-b6jQ94Ng&s=09


And if you research to find out the fact, Michael Saylor is very right about this.

@DVlog, friendly advice, before you open a new topic try to search if there is already a discussion on the same topic ;)

Do you believe Michael Saylor is currently getting antsy? (https://bitcointalk.org/index.php?topic=5382407.0)

It is not completely true if you consider why Saylor and MicroStrategy buy Bitcoin. They invest into Bitcoin and it is their investment right?

As investment, the core purpose is to get richer. It is just a matter of time when they will sell their Bitcoin and at what price. We don't know what is their price target and when they are planning or will have to sell their Bitcoin for whatever reasons.

Never sell is a lie, I think so.

Michael bought before the Summer 2020 low and did not sell then. He was at a negative for a while and kept holding. What makes you think he'd sell when the price hits that level again?
It's really not that hard to hold when you have money to live by. I don't know your financial situation OP, but I've held through 80% drops and it didn't bother me at all because I had enough fiat and no new highs only meant that I won't be able to have as much fun and buy all the extra things that I'd buy.

For you, investing a million USD would probably be a big deal, but there are people out there who'd lend you a million just like that if they knew you. You'd just say "uncle Michael, I've got this car that I've always dreamed of and it costs 300k more than I have... -go swim in the pool, I think I got some money in the drawer"

It's the company (microstrategy) that holds the btc and they seemed to have a lot of assets too (eg computers) which can much more logically be sold or used to earn something passively even if their bitcoin investment goes poorly overall (and virtually every fund that invests in bitcoin recommends holding it for 4 years to see the pessimistic targets being positive - most developed country stock index funds should be held for 6 years for the same reason).

I like this man, Michael Saylor. This is his recent tweet:

https://twitter.com/saylor/status/1485625754373308421?t=dsZOLP7OpuxGDzW4S1HeiA&s=19


I think we should see this in another way around, 'we are not sellers' in this case can help make people know that Microstrategy is not an organization that will dump bitcoin any time soon, just like some old gold holders did not dump gold.

This is better than a man that because of doge first embraced bitcoin, later he wanted to make people to dump bitcoin by saying Tesla will no more accept bitcoin as payment again because bitcoin mining is producing to much carbon that adds to global warming. Manipulating the whole thing in a way Tesla later accepted only doge. Microstrategy is a one way man, we have not seen him manipulating.

It is clear to those of us who have followed Saylor that he will continue to buy. Now, let's imagine that the price goes way down, that it drops below $20K or even lower. Maybe he would start to rethink his strategy, just as many of us on the forum would rethink many things. For the moment, I think everything will remain the same, even if the price drops to $20K, or even if we are all year sideways between $25K-40K, he will continue with his strategy.

But as I was saying, in the unlikely event that we were to go below the $20k price (the ath of the previous cycle), I think he would start to get nervous and so would many on the forum.

Anything can happen, it is very possible bitcoin price get below $20000, but if we use the previous price analyses to speculate this, even if it happened that bitcoin plummet below $20000, it will not be long when its price will increase back above $20000. Even if it stayed below $20000, all-time-high is still certain.

Anything can happen, you may know about these links but it is worth mentioning in this regard

The bitcoin halving, whales manipulations and its 2020 price valuation (https://bitcointalk.org/index.php?topic=5232054.msg54008321#msg54008321)
Where is the current absolute bottom of Bitcoin? (https://bitcointalk.org/index.php?topic=5382559.msg59046877#msg59046877)

Bitcoin price can be very volatile, but the volatility is drastically reducing if we use four years and halving to calculate this. Microstrategy will not just be a person that just invested in bitcoin, he would have known all these, and he knows that no matter how heavy a downpour could be, there will also be days the sun will shine brightest. That is bitcoin.

You've quoted what he said and if he's true to it then there's nothing that he's going to do but to keep buying. It's even ideal to him if they're holders because of the lower price and that's going to be easier for them to have more.

If his goal for bitcoin is long term as his company holds it. Then so be it and that's the plan that he's been telling us, so no matter how low this cycle would be. Expect him, his company to buy more and maybe in batches again.

I'm surely not him, neither will I say oi know exactly what his actions might be following the current market condition but, if I were to make an insight to what his actions might be, I think it's exactly what's stated right there.
It's nothing short of hodling and even buying a few more to add to his portfolio and hodl.

After all, him hodling this far is an indication that, he wasn't spending any of it or taking profit off it so, it would be out of place to think that his motives might change to selling, knowing that bitcoin will sprint in few days, months or even years.