Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: KalOlak on July 28, 2023, 05:30:05 PM



Title: Will Saylor ever sell?
Post by: KalOlak on July 28, 2023, 05:30:05 PM
A 2033
B 2044
C 2055
D Never

discuss


Title: Re: Will Saylor ever sell?
Post by: mindrust on July 28, 2023, 05:33:10 PM
Who cares? If he don't sell it is for his own good. It is nobody else's business. If he sells, well it is his loss. The longer he holds his coins the richer he will become. Sometimes though we all want to spend our wealth on the physical stuff like cars, houses, chicks etc... Saylor is a human being too so I wouldn't be surprised if he sells his coins to purchase something big like a private jet for example. Otherwise, I don't see him ever selling his coins. He is now a believer.


Title: Re: Will Saylor ever sell?
Post by: franky1 on July 28, 2023, 05:36:34 PM
its not his personal stash. its where he puts his spare company cashflow to avoid tax. and yes he will sell. he already did sell some and also bought some
he sold 704bitcoin in december (for tax purposes to declare a tax loss to again avoid paying tax)


Title: Re: Will Saylor ever sell?
Post by: AbuBhakar on July 28, 2023, 05:43:14 PM
I think year is not important but the Bitcoin price which he already have profit. He is using investors money to purchase Bitcoin and not his personal money alone so he will surely sell whenever there's an opportunity for him to do so.

He can sell tomorrow or next week if the price goes above his buying price with enough profit that will satisfied investors. But I think the real date is still gonna take many years since he needs atleast above ATH in able to have a decent profit while the current price is still halfway there.


Title: Re: Will Saylor ever sell?
Post by: ImThour on July 28, 2023, 05:47:07 PM
I don't think so he will sell Bitcoin anytime soon, only reason he will sell if government or any other organization forces him to do so. He has been the biggest fan of Bitcoin and also invited many other big investors to join his gang of Bitcoin collector(s). He might sell a little bit amount or like 10% if his company doesn't do good in any financial year to cover losses etc. If he has a particular target price in his mind for his investment, surely he will cashout there.


Title: Re: Will Saylor ever sell?
Post by: Faisal2202 on July 28, 2023, 05:57:38 PM
I already had this discussion few days back where i expressed my doubts that Slayor (if) sell his BTC then what will happen. Then the OP replied my one statement that why he would kill the golden Goose who lays golden eggs. Means, he will be earning a lot of money from holding it and simultaneously he is earning from the commissions and fee collected by his Market shares.

Overall, my answer is he will not sell his all BTC or maybe some to compensate his costs and expensive. But that amount is not going to be huge so, my answer is D. No.

Many might think he would sell, but that can only be known by him, no one could predict that. I am wondering now can he make that decision by himself. Well, that i will look onto but later now i found only 1 useful link where MicroStrategy only sold 700+ BTC which is every small trade in compare to the buying they do, (source (https://www.thestreet.com/cryptocurrency/microstrategy-sells-bitcoin-for-the-first-time#:~:text=The%20enterprise%2Dsoftware%20specialist%20is,the%20largest%20company%20holding%20bitcoins.))


Title: Re: Will Saylor ever sell?
Post by: Little Mouse on July 28, 2023, 05:59:28 PM
Haven't they issued bonds/notes and invested in Bitcoin? They have issued some bonds which will be matured in 2025 and 2028. There are $1 billion worth of bonds that will be matured in 2027. Don't you think they will be forced to sell at this point? I'm not an expert but this is what I can understand. They have more than $2 billion debt in total and they aren't going to pay them with Bitcoin.


Title: Re: Will Saylor ever sell?
Post by: famososMuertos on July 28, 2023, 06:16:55 PM
You put a "name" to sell, but it doesn't matter, in fact, your same context without a name, It works well, that is, it is "irrelevant", well, at least in the long term.

Now, has an interesting % "Saylor" and it is also behind an influential company, but, perhaps the news coverage is more striking than that of the market, but if it is not, the long term corrects it.


Title: Re: Will Saylor ever sell?
Post by: ajiz138 on July 28, 2023, 06:40:29 PM
Buy, definitely sell but don't know if it will be done.

Recently he has accumulated bitcoin again with millions of dollars if I'm not mistaken the average purchase price is $29K, he will not sell at a low price or maybe when the bull comes?

It's also not entirely his money but microstrategy company money.
I'm sure if he's going to sell there will be news that broadcasts it.


Title: Re: Will Saylor ever sell?
Post by: franky1 on July 28, 2023, 07:40:18 PM
I already had this discussion few days back where i expressed my doubts that Slayor (if) sell his BTC then what will happen.

he already did sell some.. for tax reasons

imagine you held 700 coins(one stash of many stashes you own) at a $32k average from 2020-2022
then at the end of 2022 you sold 700 coin for $16k average meaning you
put in $22,400,000 and took out $11,200,000
you can claim a loss of $11.2m to offset your company profits to pay less tax.
file your taxes in days. and job done
then within days buy 700 coin with that $11.2m(while market prices are in same region) meaning your not actually at a physical loss in anyway. but got to paper loss for tax claim

so yes he will and has sold coin. the actual question is not if. but instead when and why
i expect him to do the same next december or whenever there is a decent price correct(down to value) to declare a loss for tax claims


Title: Re: Will Saylor ever sell?
Post by: Stedsm on July 28, 2023, 07:43:56 PM
Why are you worried btw?
Are you going to buy his stash?
Are you going to suggest him to sell at the peak as if you know the peak of the upcoming bull run?
Nobody gives a damn to whether he sells or not, there are many old school whale wallets that have now started to move their coins but still, the markets are stable as they used to be. So there's no point in discussing their movements because they hold a very small % in my views (I know they hold a lot but still, I'm talking collectively).


Title: Re: Will Saylor ever sell?
Post by: spectre71 on July 28, 2023, 07:47:16 PM
I already had this discussion few days back where i expressed my doubts that Slayor (if) sell his BTC then what will happen.

he already did sell some.. for tax reasons

imagine you held 700 coins(one stash of many stashes you own) at a $32k average from 2020-2022
then at the end of 2022 you sold 700 coin for $16k average meaning you
put in $22,400,000 and took out $11,200,000
you can claim a loss of $11.2m to offset your company profits to pay less tax.
file your taxes in days. and job done
then within days buy 700 coin with that $11.2m(while market prices are in same region) meaning your not actually at a physical loss in anyway. but got to paper loss for tax claim

so yes he will and has sold coin. the actual question is not if. but instead when and why
i expect him to do the same next december or whenever there is a decent price correct(down to value) to declare a loss for tax claims


No it's a real loss not an imaginary one. It's called tax harvesting. Sell your underperforming investments at the end of the year, but better ones in the new year.


Title: Re: Will Saylor ever sell?
Post by: franky1 on July 28, 2023, 08:12:34 PM
No it's a real loss not an imaginary one. It's called tax harvesting. Sell your underperforming investments at the end of the year, but better ones in the new year.

if you had 10 beers yesterday.. and sold them today for half the price and tomorrow bought 10 beers for the same price you sold them at today. meaning no extra REAL expense on you
also meaning within days your in the same situation as days ago.. did you actually lose anything. no
your still in same beer holding amount as days ago and it didnt cost you anything new

your just using a tax loop hole which inevitable allows you to pay less tax on other incomes. meaning you actually GAIN keeping more value in your hand via less taxes

paper loss is different to real material/intrinsic loss
in REALITY saylor gained the ability to keep more value in his hands compared to if he didnt do that deal


Title: Re: Will Saylor ever sell?
Post by: passwordnow on July 28, 2023, 08:20:59 PM
What's the opposite of buying? Definitely selling. And we will never know when it will happen but one thing for sure is that it's going to happen. People like him that has companies to focus on its concern will have to look at the benefit of it somewhere someday in the future.
That's why when the time has come and they're all in profit on it, there's no doubt that we'll about to see that it's all for the profit and none other than this guy is all for Bitcoin to hold forever. Remember when Tesla was on the news buying Bitcoins and then later on sold but didn't exposed it early.


Title: Re: Will Saylor ever sell?
Post by: Wiwo on July 28, 2023, 08:24:53 PM
He is a big bag holder and even though the total asset is not his personal Bitcoin holdings and infact we may not even know the actual number of bitcoin that Saylor have a and how frequent he is with selling his personal Bitcoin holding.

But for the one that the company owns,  no one really know when exactly the company will decide to sell off those Bitcoin since the company did not include their sell position in the information their always put out,  so any attempt to establish a discussion on that could be base a just speculations and nothing more.

And in fact no one really cares any ways whether they decide to sell or hold.


Title: Re: Will Saylor ever sell?
Post by: franky1 on July 28, 2023, 08:25:43 PM
What's the opposite of buying? Definitely selling. And we will never know when it will happen but one thing for sure is that it's going to happen. People like him that has companies to focus on its concern will have to look at the benefit of it somewhere someday in the future.

imagine he is using the corporate bitcoin stash as a pension pot for his employees. most tech firms hire people in their 20's-30s. and operating since 1989 meaning 34 years puts most employees way under pensionable age, so no need to dip into the fund yet.. but eventually they will


Title: Re: Will Saylor ever sell?
Post by: The Cryptovator on July 28, 2023, 08:38:22 PM
Saylor will likely sell his Bitcoin holdings at some point, but the exact timing is uncertain. He purchased Bitcoin to profit from it, not to hold it indefinitely. Selling is essential for him to realize those profits. As an institutional investor, he's well-informed about his plans and can make informed decisions on when to sell.


Title: Re: Will Saylor ever sell?
Post by: serjent05 on July 28, 2023, 10:06:52 PM
Saylor interest in Bitcoin is the possible profit he can get from investing in it.  As an investor and knowledgeable about Bitcoin Saylor knows the best timing to sell Bitcoin.  My guess is that he might liquidate his holdings during the market surge or possibly on the new ATH more or less he will sell it on 2025 and then accumulate when the BTC enters bear market after the market surge.  So yeah, Saylor will sell the BTC holdings to take profit.


Title: Re: Will Saylor ever sell?
Post by: Baofeng on July 28, 2023, 10:21:54 PM
A 2033
B 2044
C 2055
D Never

discuss

We don't know when his company is going to sell their bitcoin, but sooner or later he needs as it what @franky1 says, for tax purposes, and then take advantage of what they have, "tax loss harvesting".

And if you wanted to know when he did sell in the past, then look for his SEC or his company SEC filing.


Title: Re: Will Saylor ever sell?
Post by: OgNasty on July 28, 2023, 10:23:42 PM
I don’t think he will sell. He doesn’t really have a reason to sell and if he did it would be extremely destructive to the valuation of his company. More likely he would just pay himself money by taking out loans via his company against his BTC. Who knows though as he does hold a ton personally as well that might be more tempting for him to cash in at a massive gain.


Title: Re: Will Saylor ever sell?
Post by: royalfestus on July 28, 2023, 10:32:48 PM
I am skeptical about Saylor's actions and find it hard to trust his purchase without concrete evidence. The lack of evidence makes it seem like a manipulative market strategy. It's difficult to believe that such a significant investment, after experiencing substantial losses, hasn't faced a strong reaction from other investors. I am concerned about the potential impact on the market if this sale is not handled properly, given its size