Bitcoin Forum

As of 26 December, while others were celebrating Christmas with various activities, Microstrategy were celebrating theirs with further addition of 14,620 Bitcoin which worth $615M. Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B, which guarantees a very good profit in the next Bull market and beyond.

Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.

What do you think?

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker (https://bitcointalk.org/index.php?topic=5474407.0).
https://saylortracker.com/

They get approximately 38% ROI and in value, their estimated profit is $2.2B.

If we are to work with the figure you just gave above as the total amount of Bitcoin Microstrategy currently has @ 189,150 BTC, then I think with the current price of Bitcoin at $43,100 per BTC, then it's accumulative worth is actually more than $5B, as it's currently up to $8B (i.e 189,150 x $43,100 = $8,152,365,000). Hence, this should be a sign for us all to keep accumulating ours just as Microstrategy has done theirs, if we really wants to reap good profit after the price of Bitcoin start skyrocketing after next year's halving.

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Everyone can invest the amount they want, no one can interfere with this, but we cannot ignore the risks of high amounts of investment. Microstrategy's purchase of Bitcoin and keeping it on the agenda is good news for Bitcoin, but this situation may also reverse in the future. What I mean is that if a person or institution holds a large amount of Bitcoin and starts selling it in the future, this will inevitably affect the market negatively. There's nothing to prevent this.

Institutions and companies that purchase Bitcoin have a significant impact on increasing the price of Bitcoin and diversifying their investors. While talking about the positive aspects of such investors, we should also be aware of the negative situation that will arise in case of sale.

I don't think that slowing down is what Michael Saylor has on his mind, but he's definitely going to influence the market given the notoriety that he's getting when he's on the news or whenever he does something that's related to bitcoin or crypto, I think we can't help it when people overreact or when they don't know what to do. I guess we just have to hope that we have bought enough bitcoin so we don't worry too much whatever happens to the market, that's the only thing that we can do.
Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.

Unlike Elon Musk who has been inconsistent in his support of Bitcoin, Michael Saylor is a strong believer in the cryptocurrency. He has been one of the vocal voices speaking up for the sector even in times of fierce attacks. I am not surprised Microstrategy is still buying because the firm has the backing of someone who believes in the potential of Bitcoin. People keep asking if it is too late to buy Bitcoin, but I think this news is a good response to them that it is never too late because Bitcoin has so much future potential.

Does anyone intend to hodl Bitcoin forever? I think Bitcoin investors will sell the coins when they get to the predicted price in the future. Every investor intends to make a profit, hence it is not out of place for Microstrategy to sell and make money in the future.

This is a completely valid concern, and the worst part about the accumulation is that it has been done via debt instruments as well, which gives MS an unfair strategy over other investors...


When raising debt in order to buy Bitcoin, no, of course no one can hold Bitcoin forever. What MS and MS (funny, Micro Strategy and Michael Saylor - same initials) are doing is leveraging debt to accumulate more Bitcoin. This guarantees the sale of Bitcoin at some stage. Sure, the amount of Bitcoin sold to repay the debt may be minuscule in the future, however it also depends on market timing. If the debt is due at a detrimental time, Microstrategy could be hurt severely.

If no debt was involved, there's actually no reason for anyone to sell if there is no pressure to. There might very well be no need for fiat in the future world, so Bitcoin could become preferable over fiat in the long future, Bitcoin's ex-changeability to a payment-focused altcoin or technology could be the way to move from store of value (bitcoin) to daily transacting (new payment-focused/cash technology) in the future.

Yeah they'll sell when the time comes, just hope they'll be in a bad mood to announce their sale in public. However, the sale wont be in one round considering the large liquidity requirement to cash it. Unless MS intends to buy real goods with it in the future, say a prospective city in the Middle East.

Well it doesn't work like that.
The clause;  "invest what you can afford to lose" has a very vital impact in the actions investors take , especially those in the crypto space. We know Bitcoin can be trusted to a very high extent giving its performance over the years. However as an investor we should never ignore the fact that it is still a crypto currency. Therefore "invest what you can afford to lose" acts more like a fail safe , or backup plan for investors in the crypto space.

Investing more than you can afford to lose sometimes comes with a whole lot of profit in the end but it is also accompanied by great risks.

Don't forget to keep your keys safe

Well, there is nothing to worry about as I am now broke got no more money that I can use to buy Bitcoin. We are talking here of an organization with a lot of resources...this is a big whale...so there is no use to also use the strategy Microstrategy is using though of course if one has the money then it would be good to buy more and more as BTC is poised to achieve - in most probability - a new ATH in 2024...and there is a big chance the price can even go beyond $100K. Now this is just speculation, for sure do not trust me or anyone else.

Microstrategy is a software and cloud-based company in US and all the Bitcoin you are around is owned by the company and not Micheal. According to some latest report, Micheal Saylor in person has about 17,732 (https://en.wikipedia.org/wiki/Michael_J._Saylor#:~:text=In%20October%202020%2C%20Saylor%20disclosed,had%20not%20sold%20any%20bitcoin.) and Microstrategy as a company has a total of 189,150 (https://twitter.com/watcherguru/status/1740027070460391661?s=46&t=qJXYidUv-9dGH9cW3Joe_A) as last reported, I'm not sure if Micheal acquisition of personal Bitcoin has increased but he doesn't own all the Bitcoin. However, he owned about 24.2% share of the company which makes him the biggest shareholder and that is why he is representing the company and always agitate for bitcoin adoption.

What I fear is the rate at which they buy bitcoin and take all the bitcoins from weak hands and a time will come when the bitcoin community will be weak, all the power will be shifted to the institutional investors because they are holding large junks of bitcoin. Now imagine the total circulation, if 60% is been held by this group of people, are we going to have a say on how decentralized the Bitcoin network will be, I don't think so because by then, they will want to be in control of their investment and not with some boys that claim tech guru.

Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.
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He is the only one buying and holding, we have many of them who are secretly buying without making noise, now imagine if all of them decided to do what they like? You really want to trust a man that has billions invested in Bitcoin and you expect him to think like a typical person? They will sell when they want, remember that Elon was more bullish than he is right now but what happened in the end, he flipped his followers and sold more than 70% and went to face his cyber trucks.

The fact that you aren't worried means that a lot of things have gone wrong already. I know it used to be the wishes of Bitcoin enthusiasts for Bitcoin to start getting recognized by the big players like Microstrategy but it has it downsides. Bitcoin was originally created to be an open and distributed network but it won't be if a large chunk of the supply is controlled by big corporations like Microsoft, Grayscale, etc. Even Telsa sold their bitcoin when they felt it was right and caused turbulence in the market.

As more and more big players acquired more bitcoins from the smaller users, they'd drive the price so high that it'd because a rich person thing.

The continuous accumulation is necessary but it also matters at what price it is getting bought. I have read various users talking about it and even I am also following the same since couple of years: the DCA. Thats the technique most of the investors use and the effect is even better if assets are bought in the bulk. Now when it comes to microstrategy things are obviously in the millions of dollars. So even a slight change in the market price can easily make them huge profits. If you study these financial institutes then they have upper hand of moving the market or at least stimulating it due to their mega purchases. Thats what happening here and yes let us not get carried away with this purchase. Better focus on DCA with our small purchases.

At some point, they will sell for them to secure their profit.
I mean they're investors in the first place so why do people look at them like their bad already because they're selling their Bitcoin holdings?

Tesla also sold their Bitcoin holdings, and it didn't have that much effect at all on the crypto market. What do you expect? They will hold it forever? Only a stupid investor will think that way LOL. Those who are saying that they will hold Bitcoin forever are stupid because they will at some point sell their holdings and so does Microstrategy.

Microstrategy continues to buy because they're capable of it, and they believe that investing in Bitcoin = profit for them. What's the big deal?

Indeed, they are very strong when it comes to Bitcoin holding, by selling their Bitcoin in the future, is there a probability that the market would be affected, resulting to a decline in price?.

Of course. Continuous accumulation of Bitcoin should be encouraged individually no matter how small it is. Microstrategy shouldn't be the only investor making profits during the coming events in 2024.

Don't you think by this statement, it's just like saying "Electric Motors" is owned by Tesla and not "Elon Musk", how does that sound in your ear? Because that's the exact scenario you are trying to portray here, because we all already know that it was he Michael Saylor who founded "MicroStrategy" a software analytics company, together with his fraternity brother "Sanju Bansal" in 1992, which since then he has been the CEO and now Chairperson of the company, and as such, I doubt if there will be any bitcoin lover who will agree with you that Michal has just only owns 17,732 and not 189,150.

There's another way to get into Bitcoin - a lump sum investment. This is for those who have a lot of money or wants to liquidate other assets and invest in Bitcoin. For them there's no reason to buy Bitcoin slowly unless it's in a bear market and the price is expected to keep falling. But we are in a bull market so it's impoartnt to get coin asap and maybe even be ready to sell them soon and buy back after the new bear market starts.

Great news, I love Saylor's dedication and I hope his company succeeds.


Try to get it before the price explodes. Once ETFs get an established position among investors, which will take up to a year, most of us, people with normal gobs and average wages will never be able to afford 1 bitcoin. You'll look at the past with regret thinking about the good old days when you could sell your house and buy a few bitcoin, or save up for a year and buy one.
I suspect that in 2025 selling an apartment won't allow you to buy a whole bitcoin, unless it's located in one of the most expensive places like London or New York.

This is becoming scary already. Don't you think that it would have sound more safe if there are top companies or individuals who also have large amount of Bitcoin as Microstrategy ?.

I guess we must have said the same thing for Elon musk before he sold his Bitcoin. We can't really trust anyone since they can't held accountable for selling their Bitcoin.

From your point here, I think we might even start to experience Bitcoin scarcity before the mining process comes to an end. When majority of the Bitcoin keeps going to certain hands, then there is something to be scared of.

No one is actually stating that they will hold forever. And besides, you can't compare Tesla's accumulation to what Microstrategy has done over the years. Only a speculation about microstrategy selling their Bitcoin can impact negatively on the market.

Well, this shouldn't be a debate at all. Micheal saylor happens to be the co-founder of Microstrategy, so every purchased made is describe as Microstrategy's property. Addressing as Michael saylor's purchase isn't a bad idea either, but note that it belongs to the body that makes up microstrategy.

That's easier said than done op. Buying an entire BTC these days is difficult and only some people can afford to do that. Most people including me accumulate parts of BTC and sell it in the short-term for quick returns.

Very, very few have the patience and guts to HODL their BTC stash for a long, long time primarily thanks to the extreme volatility of this market.

He doesn't own it. His company does. That's a very different thing. Anyway there's nothing wrong with someone (or some company) being smart and accumulating a lot of Bitcoin. Just like anyone his company is free to purchase as much Bitcoin as they want. And it'll get harder and harder for them to purchase Bitcoin as the price rises.

I think you greatly underestimate how many people hold long term. There are many millions of us. Just because you for some reason sell for short term gains doesn't mean that's what everyone does or is what people normally do. HODL has been a major meme with Bitcoin for many years so its a very normal thing to hold Bitcoin for the long term. I'd recommend being more like the rest of us and start to accumulate Bitcoin long term rather than just selling anytime you've made a profit. That's just called trading. You can trade, but you should also being building long term holdings like most people do.

I disagree with a few in terms of people that can HODL bitcoin for a long time, it just might look like there's a few because they don't really say too much that they're hodling for a really long time because they're not that worried about what you're going to say and it's not really our business to know who's a diamond hands or not. That volatility that you're so scared about is actually a good reason as to why people are still accumulating, they can buy bitcoin whenever they want and they won't worry too much about not being able to buy again because the price is going to go down anyway due to the volatility of bitcoin.

They have been doing this for years now, against the advice of their competitor in the Fiat financial system, so I hope this pays off for their shareholders, so that they can silence their critics. 😋👌

They still have their "software" company, but "Bitcoin" has become their "core" focus now, so they are realy risking it all on Bitcoin.
Bitcoin has out performed all other financial investment options this year, so they are doing very good with their Bitcoin project.

I think you guys are grossly overestimating the number of long-term HODLERS. Anyone with a half-decent brain knows how tough it is to HODL in the long-term which is why they are a minority when compared to the majority who are short-term HODLERS.

This is pretty much a known fact and it doesn't really matter whether ya'll agree or not. Think!

He has a pretty smart strategy. Basically offering shares in exchange for capital which he uses to buy more bitcoin.  I think he upped his buys because he used to buy $500M every 2 months but he bought over $1B in the last month I think.

I am guessing he knows the etf will be approved and the price will go vertical and it will be the end of his accumulation. I don’t think he wants to buy the top again and ruin his average like last time.

Hope he doesn’t sell his stash soon however.

Many Bitcoin holders feel elated when large institutions buy substantial amounts of Bitcoin. It's like adding confidence for all Bitcoin holders that storing BTC will be safe in the long run. Whales joining in also signals that retail investors are on the right track.

But remember, every investor can sell their BTC assets at any time, and will Bitcoin holders still be happy with that decision? I doubt it. There will be a bearish market at that time, causing many to panic and sell their assets. What's unavoidable is that some of them will sell at a lower price than their purchase price.

Please be mindful of that too. Don't celebrate prematurely because we don't know what the big players are thinking.

Because not all of us are wealthy, not all of us even have enough spare money to invest in an amount of bitcoin that's likely to make a difference in the future (and that's assuming it hits $100k or higher).  And most importantly, Saylor isn't using his own money to make these purchases with as far as I know; he's using Microstrategy's money.  I'd say 99.999% of members here don't have enough control over a business such that they can use its coffers to invest in bitcoin.

And man, I figured the last time he bought bitcoin wouldn't be his final purchase.  I'm just wondering how much he's eventually going to acquire.  I also wonder how he's buying it, whether it's on exchanges or through some behind-the-scenes deal so as not to move the market.  I don't know if that's ever been disclosed.

One other thought, which I've expressed before, is what happens if and when MSTR needs to liquidate a substantial amount of the bitcoin they have.  I don't know if it's enough to drop the price or not, but it certainly isn't a small number of coins they own.

I feel incapable if I have to do the same thing as Saylor, and my bitcoin is just a bunch of dust that even to get to the accumulation of 1 BTC is very difficult.

But even so I also don't want to lose to Saylor, even though my purchase is small, but I am collecting bitcoins for myself too, it would be great if I could sell bitcoins at a higher price than the price Saylor chose to take profits, this sounds funny, but I am quite burning in the accumulation of bitcoins in 2023 for a brighter 2024.

The lower buying price I did from the microstrategy buying price, it was a revelation for me, I think you are the same. ;D

Most of us here in the community can accumulate but cannot invest a huge amount of Bitcoin. Maybe even with just one bitcoin, most of us here will not be able to do anything, or it will be rare among the communities here on the forum platform to be able to buy at least one bitcoin.

But we have a lesson that can be learned from them, because if big companies or famous people accumulate a large value of Bitcoin, how much more can we just ordinary people who, even with just a coin amount, can still accumulate Bitcoin or another cryptocurrency?

You're right, there's nothing bad even if we can't get to that stage microstrategy was, we can also make use of our own little potential to invest the capacity we could afford and hodl, bitcoin is known to be a profitable asset of investment, there's more to discover about bitcoin and we shouldn't believe in the circular that is going through the social media about bitcoin being accumulated by microstrategy and turned centralized, that's impossible, a currency cannot be hold or controlled by a single entity, not even when it's a decentralized digital currency like bitcoin, we can take confidence in this alone and make the actual capacity of what we can also Invest right before the bullrun started.

Microstrategy has been buying Bitcoin regularly since 2020 and many other small and large firms like it are trying to grow their Bitcoin portfolio. Anyone who is more or less buying bitcoins according to their means will multiply their wealth in the coming bull market. We also know of the country of El Salvador who are probably buying bitcoins regularly even though their portfolios are not very large but they are trying. Although there is no official announcement, they might reveal that in the future particularly when bitcoin reach to high.

We often say that in the future only institutional investors will be able to buy Bitcoin, which is evidenced by such cases. There may be many other companies like Microstrategy that are collecting Bitcoins but they are not making any official announcements. For those who believe in Bitcoin and envision holding Bitcoin, this may be the right time. There are some institutional investors who have very large Bitcoin portfolios. Last year we heard a lot of companies that were looking forward to growing their Bitcoin portfolios.

Tesla
Galaxy Digital Holdings
Block, Inc
Voyager Digital LTD
Marathon Digital Holdings Inc
Riot Blockchain, Inc ‍and many more.

That's the best strategy you could have when investing in bitcoins because we cannot afford to take the risk like others have done where they sold their houses just to buy bitcoins and live in a tent for the rest of their life or until the bitcoin price will increase drastically. this is extreme and we don't want this kind of behavior, what we need to do is to continue buying it, especially when the price is low and we don't want to listen to any FUDS but we only have the patience to hold it until the day the price of bitcoins explode again.

Carrried away by what? That Microstrategy bought some Bitcoin? It doesn't matter, this doesn't mean Bitcoin won't dump anymore and it also doesn't clear that ETF can't get dissapproved in January, but after everything, Bitcoin is still Bitcoin and it will do what its needed to do.

No one should be carried away by what these people are doing, because it doesn't matter, yesterday I say a news where cathie wood claimed to have sold all her Bitcoin, like she knew something is about to happen, but I still don't care, because I am in for the long run.

There is no cause for alarm if your plan is for the long run, bull market will happen at the right time.

you have to differentiate between an individual and a company. michael saylor is only a top official at microstrategy, there are several other top officials who have an interest and influence on the company's decisions. so if you say that michael saylor owns the bitcoin, you are wrong, the one who owns the bitcoin is microstrategy which was purchased with investors' and company money. so when michael saylor wanted to sell the bitcoin, he had to get approval from microstrategy officials and investors.

but it is possible that microstrategy sells their bitcoin in the future, as tesla did some time ago. however, it is possible that they did not sell all their assets, only a few percent to get a profit to develop their business or for other reasons, and that is very understandable considering that they are a company that invests in bitcoin for profit

Saylor is relentless isn’t he, he/MSTR will not stop until he/they own at least 1% of all the Bitcoin that will ever exist. They are not far away from that milestone already, such an incredible feat. At one stage they were at a large loss in unrealised ROI. Now though they are massively in unrealised profit. In the words f the great man himself, ‘there is no second best’ , ‘it’s going up forever.’

Get carried away because of what? Is it because Microstrategy buys we have to follow it, isn't that a good idea for those of us who are active on bitcoin? Unless Microstrategy sells all the bitcoin it has then we can say don't get carried away.

I did the same thing that Microstrategy did but they did it in large quantities but I did it in small amounts but the accumulation will continue by means of the DCA method and that is one of the things that has been done to date to accumulate more bitcoin.

I will not be surprised if many institutions make millions of dollars in purchases, what we think about how to do that without looking at others while we just focus on what we can afford to spend on bitcoin.

Do you think anyone is still reacting to what Saylor is doing? If you look at history, maybe the first purchase had some kind of FOMO effect, but everything after that passed almost as if it never happened. Saylor, unfortunately, is not someone to whom the masses worship, as is the case with Mr. Mars or someone from his category.

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What does trust have to do with this case? Saylor is an entrepreneur who invests in Bitcoin for profit, as most ordinary people do. It is completely irrelevant whether and when he will sell all or only a part, because every day approximately $20 billion worth of BTC is traded and this is a completely legitimate thing. We cannot say that the one who buys is good and the one who sells is bad, that simply does not make sense.

Gone are the days I get thrilled by the news of Micro Strategy buying bitcoin.  I have seen that Micro strategy buys bitcoin statically.  Even if they do not time well, they will also correct their timing in the next buying. When I was so amazed is when MSG bought but bitcoin at the region of $50ķ, when the market moved the bear direction, they didn't give up, rather they bought more bitcoin just like what El Salvador did.

I don't know if you see it like centralization is coming or something like that. However,  I still agree with you that MSTR having huge amount of bitcoin can also impact the market negatively.  Imagine they announce that they are selling all their bitcoin.  The market will crash massively

What Michael Saylor is doing with Microstrategy by accumulating BTC  is nothing more than a normal whale investor ploy. Am sure by the time he starts selling some of the already accumulated coins during a bull run, every small time holder would find it hard to get some because of the price rise by then.

I like the fact that he is a strategist and has long term vision to uphold, but what I like the most is that he has acted already and if am right, he has set such purchase to automatically DCA on regular basis, until he decides otherwise.

So? Isn't that what every investor does? It's all about holding for a certain amount of time until you get your desired profit and then sell. That's what individual investors do and that's what institutional investors do as well. No one needs to trust MicroStrategy or any other institutional investor or even individual investor, they are just setting an example of how Bitcoin investment can be profitable and people should just see that and nothing else.

It's their money and their strategy whether they want to sell now or later or whenever they want, we need to plan our investments according to our profit target and personal goals and not according to how another individual or institutional investor is doing it. They have huge investments, so they are surely going to get great profit when they sell during the bull run.

Blockrock got some competition

Some companies are smart enough to realize that they can make decent profit if they invest in Bitcoin, others aren't. Microstrategy is in the first low. If they obtained more BTC recently, perhaps they expect the price to rise soon. But that doesn't mean that they actually care about Bitcoin or that they will continue supporting it if it stops being profitable to them. So it's important not to put faith in corporations when it comes to Bitcoin adoption. They can sell their coins just as easily as they can buy them, and the more they obtain, the higher the impact of a sell-out might be in the future.

Those who have the fore eyes like this are the greatest investors in life, be it crypto or any other investment strategy. I envy him via his huge profit but no one know how many times he lost in the process. Time, patience and perseverance is the key to acquire such a huge amount in Bitcoin investment. Congratulations Michael and more grace to your elbow. I will say I would love to be like you, but deep down I don't know what had really trespassed all this years

Definitely in order to get profits only they are buying now. They know the value of Bitcoins and they also know that Bitcoins are limited in numbers, hence before the price of Bitcoins crosses the new ATH price, they are planning to buy as many as they can. Once the price reach their target they will definitely sell the coins to make the maximum profit from it. We need to just buy and hold that’s the best strategy we can adapt to make profit.