Bitcoin Forum

MicroStrategy buys 301 BTC at an average price of $19,851.00 or worth 6M$.


Everyone knows this is the ultimate bearish indicator. The price is now bearish due to the upcoming Feds meeting regarding interest rate too. Are you shorting the news? What price do you think is the bottom considering the interest rate that Feds released is too high to what economist expecting?

I'm confused about your post! How is purchasing $6 million worth of bitcoin is a "bearish indicator"?!!
If anything this shows that there is still huge demand for bitcoin and price should go up!

In any case, since the Western economy is in ruins and it is only getting worse with the combination of inflation+recession I don't see things significantly picking up in bitcoin market. So far the market doesn't show that much interest in getting farther away from $20k either. Which means it can go either way.

Don't rely on Micro Strategy or any institutional investor, you are investor and you invest with your money. You are responsible for your capital and decision you make for your investment.

Institutional investors have more capital than what you have and they can raise more funds if they need it. You likely can not do the same and as a small investor, it is bad to make loans for your investment. It's gambling.

So if you understand the deflationary basic of Bitcoin, how it halves each four years, you will have your plan to accumulate Bitcoin with Dollar Cost Averaging. With DCA, you won't have to rely on Micro Strategy and don't have to find where is bottom.

I am too.

MSTR is doing the same thing those of us who believe in the future of Bitcoin do, buy more now when it is cheap. In general doing DCA is a good strategy, which is what I do, as do many people and also MSTR who have done a kind of DCA, but the DCA does not have to be the same exact amount at the same exact time intervals. It is smarter to take advantage of these times to buy more.

Microstrategy has been buying regularly for a couple of years now. I wouldn’t judge the market cycle too much by following what they do. They are underwater now, based on their average buy price. They are probably trying to bring that average purchase price down by buying more coin lower.

The bottom will probably be confirmed by a death candle with high volume, we haven’t seen it yet imo.

In what universe a company would buy bitcoin if they'd expect the price to fall deeper?
All your logic would make sense if MicroStrategy would have been starting to sell; but they're buying.

Is it a sign? Probably. I see it as a sign that they expect the bear market come to an end in the near future. And since also the historical data (on BTC price) tells the same, I'm not surprised.

This is just an ironic post if you are not familiar on how the social media reply on all of the tweets of Michael Saylor.

You can notice that most of the time Michael Saylor announced that they purchased Bitcoin recently usually turn out to a sudden dump after the news release just like what happened today. He keeps buying the dip that’s why social media people are using his tweet as signal for more bearish movement since it was proven multiple times already.

There’s really no clear logic behind if you are expecting a TA or FA on this kind of post. Just the common social media meme for Saylor purchased.

There are plenty of trader wannabes who think that MicroStrategy buying 300 BTC has a tangible (upwards) short time effect on the price. They don't even know that the purchase is long gone when they see the announcement.
I guess that there other speculators who try to take advantage of the trader wannabes.


This is in Bitcoin Discussion and not in Trading, not everybody is day trading, not everybody cares what happens with the price every minute. Ironically...

When the interest rate increases, we have historically seen people moving out of non-traditional investment and investing in traditional assets. That's probably what's happening in the market now. But that is not a permanent situation, it's super temporary.

I believe Microstrategy is bullish in long term holding of bitcoin. They are trying to do cost averaging it seems as their previous purchases are made at a higher price. It does not tell us which direction the market will take to be honest.

This is true since most of the crypto traders prioritize short term over long term effect. The price of Bitcoin is very volatile is simple news like Fed even though it shouldn’t affect direct Bitcoin. It’s just fun sometimes to read those comment and trade base on this dumb traders money.



I already move the thread on trading discussion. I’ve got carried away when I see the news and check the impact on the price as valid speculation on Bitcoin price.

301btc is small scale

at the moment most people are still trying to get out of assets. to get fiat to spend fiat fast before everything rises in price..
once people have all they can get of lifestyle stuff long term(hoard food, upgrade TV before prices rises.prepay bills at locked in prices)
once they have bought all they can to cover them for the future goods/product price rises
then they will see they have spare income from wages there after, to then invest again because they have no need to buy goods for a while

same with businesses..
tesla sold coin in spring to then go on a supply run of materials to build cars cheap before next years material price rise.. once they have stockpiled enough material. they wont ned to buy any for a while. and then get back into investing spare cash flow from sales.

same with asic miners. once they have locked in their asic farm electric contracts for a years worth of electric MW units at low prices compared to next springs predictions.. then any income they can get they can keep

there are small signs of people being ready to have spare cash to then invest again. which can start to see more buys occurring rather than sales. . but 301btc is not quite a large trigger sign

i would say we are over the first hump of the sell-off so people can fiat spend over spring/summer.. but the re-invest stage is not quite here. as some are weary of winter needs for real world things

The purchase of 301 BTC by MicroStrategy is not a sign because they could use a good moment to enter and buy bitcoin at a low price.
They probably won't see that price again in the future, especially if the price of bitcoin goes up very high again.
But if the price of bitcoin is going down deep again and they see it's another opportunity, they will buy it again and then, maybe the money they are using will be bigger than it is now.
But it's not a major bearish indicator because the price could increase again after the buy and even though it's still around $18k-$19k right now, it will increase again.
I don't know the lowest price for bitcoin because it's very difficult to find the right price.

Though I really can't blame people by looking at MSTR purchases as a bearish indicator, let's not forget that at some point, if a lot of people are expecting a certain result, it might not end up happening. Look: short squeezes

With that said, I don't know if MSTR really just has really high conviction, or they're just in full desperation mode.

good news this came today but unfortunately the cryptocurrency market is still very sluggish, and dumps are still happening,
even though before this news the bitcoin price was still $20k and after the bitcoin dump price appeared to $18k,
I don't know what happened in the market? even good news is not affected anymore

I don't think that Microstrategy buying bitcoin is a bearish indicator. They are accumulating BTC for a long time now, they keep announcing only their buying moves. We should know that they have bought BTC first before they announce it and I think they are delaying their announcement to make them somehow control the crowd that possibly ride the waves of them buying.

Someone might look for a source. (https://www.coindesk.com/business/2022/09/20/microstrategy-now-holds-almost-130k-bitcoin-buys-301-btc/)
It's known that MicroStrategy keeps on buying every time we're on a dip so basically, this is well planned by them and there's already the allocated fund and budget for them to keep on doing it. I'm expecting that they'll buy more if it's seen below $15k or $10k.

Because they're buying? Well, they've been doing that even on a bull run.

Why people do really that react that much within these buys? specially by Microstrategy.. People wont really be putting up much interest or attention if we do see these purchases on bull period but now when the
market is on deep reds then this is where people do really put up some emphasis or recognition that this might be a sign of bull run or recovery is on when these institutions is really making
purchases without even trying to look back that they've been doing this if ever they do see the price had a good entry point.
This isnt sign but rather a casual purchase of coins whenever they do see its worth to buy in.

Yeah, well, but that also happens with Peter Schiff. Now because we are in a bear market, but he has been saying that Bitcoin is a scam and will go to 0 since the beginning. In bullish periods there is also a lot of jokes that his predictions serve as a contrarian indicator. He has repeatedly appeared in an interview saying that Bitcoin is a scam and the price went up.

Yes, everything that a big institution does will always be considered as an indicator for retail, because for retail the transaction value is large even if compared to all transactions in the crypto market it is a small value.
They are just starting to collect BTC again, especially since the current price is still relatively low.
There's no need to focus too much on what big institutions are doing because only they know the goals

Well once we heard news like this, a big purchase of bitcoin from big companies or investors --considering it is a sign or can be determined about the market situation. Perhaps there is an effect that is not that much, but still, that is not a big amount that can give a big wave to the market price. Perhaps this will be led to a bullish market once other big company will do the same, it is a sign or not --it is anticipated that the bitcoin price will always end at an all-time high.

I don't believe that this is the case when it comes to this latest investment, unless by "near future" someone considers the period that will occur in 1.5 to 2 years from today. For such a large company, it is certainly nothing more than the blink of an eye, while for many, 2 years seems like an eternity from today's perspective.

It is interesting to me that the total number of Bitcoins that MS now owns is rounded to 130 000, which is a very nice number - of course not for those who believe that 13 is a very unlucky number.

I think that we may have a difference in the terms. By a near end of bear market I don't say I expect new ATH in the near future, no. It's just that the price should slowly start going upwards instead of downwards. And I have high hopes that this is gonna happen before 2022 ends.


However, OP has clear up the situation: he was thinking on trading (where the thread was also moved since my last post), hence he was talking about movements on very short term.

Microstrategy has indeed bought Bitcoin at the bottom price,
of course this is a sign that the Bulls will come back again in the near future, and have a look!
the cryptocurrency market is very volatile after the FOMC, it's better not to trade at this time because it is very risky

I guess it's because it's a norm that whenever a big company buys bitcoin, it should always be on the headline or if a company buys a lot of bitcoin.
For me, there's no difference whether they buy during the bull or bear market, it doesn't matter really at all. It's because they've been known doing that long time already and if they've bought a lot again this time, it's not really that new thing anymore.

To be fair, if they're purchasing bitcoin because they're expecting the bear to end in the near future, then they've been painfully wrong for a few times now. This is like their 4th purchase of the year already.

^But if I'm going to guess, I don't think they're even trying to time bottoms.

When he bought in the $10 k area back in 2020 many were surprised by his purchases. And he had a small average something like $12345 for a while.

However his mistakes were buying more in the $50K and higher region. And this is why he has a high average at $30K.

This is a problem because it will make you think. When BTC goes back to $30k will he lighten his position a little? Probably.

Probably yes because they are investment firm and not a foundation that wants o support Bitcoin. Imo they are doing this kind of small purchase whenever there’s a clear sign of bearish movement to lighten the mood of crypto traders and give some relief on Bitcoin price. At the same time they are scaring too some traders because there moves will put them to a tons of losses and we all know that they might take profit or cutloss at some point.

They are accumulating more and more btc in the balance sheet and is the largest institutional btc investor with more then 122k bitcoins which is huge but they have cleverly managed to buy them at average price of around $35-$40k if I am right.At this time they are not in profitable situation but with Saylor being optimistic they won't sell anytime soon and will make profits out of it once price rise.

But the thing is with such big investment also you will see little to no impact on the prices as we are still stuck in the same bearish zone but still there's demand for bitcoin and we could break the barriers with the end of this year.

301 BTC is a small amount and won't really affect the market. Microstrategy is probably just looking to lower their average buying price. I wouldn't be surprised if they continued buying if the price keeps going lower.

They have been DCA-ing (more or less) in most of the cases. But now it seems that it has passed much more time since the last buy as usual, but I didn't check, it's just a feeling. Plus lately they are in trouble with the liquidity, that's why my guess was that they may be core careful (?) and they may be expecting the end of bear market.
Or maybe I've just put my hopes and expectations on a higher level than the logic. Seeing you guys are against my idea I feel that this may be the case.

Not just a small amount. It is already a huge amount of money but never I think this will be used to manipulate the market and make a huge pump but seeing this some people, some companies are taking this huge correction to accumulate more.
I'd never see this will be the sign for the bear season to stop. It was not the time yet to think about it because even some people are buying more Bitcoins but there many individuals who are still selling their Bitcoins, meaning the drop is still possible.

I have nothing against it, but when it comes to this year, I wouldn't hope too much for any positive change, considering that I don't see any reason for the price to go up significantly, let alone to stay there. Any attempt to approach and reach the value of around $25k will probably end up returning to the values we are defending now.

Maybe it will sound pessimistic, but if we keep the price at around $20k until the end of the year, I would consider it positive, although not a guarantee that we have reached the bottom. Too many hyenas smelled blood, and by that I mean those big players who have a lot of money - and they already know very well that Bitcoin has become a safe bet if they play smart, and that means knocking down the price as much as possible, buying as much as possible and then emptying the bag in next ATH.

They always buy bitcoin every time it dips, and that's not even guarantee that the Bitcoin's price will go deeper, maybe it is the other way around, it'll pump but not an indicator of a continuous bull market. The biggest advice is that always trade with precautions, don't get easily baited by FUDs and just sell your coins because of having a panic.

Here's their  purchase (https://buybitcoinworldwide.com/microstrategy-statistics/) history.

History has shown us many times that the big players always buy when there's a huge dip in the market.
While the rest of the people are selling their coins in panic some are buying on the other side because they know that the price of bitcoin will soon spike upwards.
We don't know yet whether the price of bitcoin will fall further below $19k or not but the current price is surely a good price to buy some coins.
Averaging at this price is surely a good strategy currently.

Buying bitcoin when it dips is a very very smart decision and this is a proof of that as well. It's clear that if you do not know what you are doing then you would be selling when it crashes, but that's clearly a mistake because you are selling it when it is bottoming out.

If you want to make a profit then you should be investing when it is at the lowest point, which is right about now. FED gave us a gift, you could be worried that it has been nearly a year since it dropped from ATH and worried that it may "never" recover but the reality is that we are getting there, it is going to be higher. We could never know when it will go up, but it will, and when it does, buying at low will look like a steal.

That pretty much explains the action of Microstrategy.  They are cost averaging since they are in a negative because of their previous buy.  I also don't see the action of Microstrategy as indicative of the upcoming trend.  They had been lots of news about them buying BTC but the market still stay @ bear trend.


It is indeed a smart move since following the Bitcoin price history, bear market always offer a discounted Bitcoin price that happens to balloon in price once the bear market transitions into a bullish one.


I highly agree but I do not think FED intention is to crash the Bitcoin price, it's that the Bitcoin market is just so sensitive with FED actions.  The Bitcoin market price history can tell us that there is nothing to worry during the bear market when price of Bitcoin crashes, it always recover once the bear market is over.

^Are they the largest BTC holders, right?
After this purchase, they owned 130k BTC and which is quite a huge amount worth billions of dollars.
This is what I worried about when big companies sell their BTC holding all at once, possibly the market would suffer and cannot recover quickly. Let us hope that someday they will not dump the market in just a day. However, this is a part of the good news that another company believed BTC.

Is this a sign? Yes, a sign that we need to accumulate also just like what these bug companies are doing now. We have to know that the situation can't change it true magic that we think it will pump instantly after such a huge buy, not the way it works. 
If we hear Microstrategy are buying it means that they are preparing for the future and taking this opportunity while there is still time to buy at $19,851 for you can expect it will happen again. This is how investors understand the market and they are still in the "buy low and sell high" strategy.

Any entity that holds a crap ton of bitcoin(or any publicly tradable asset) won't dump through spot markets in the first place — they'll be doing it through OTC. Doing it through OTC is simply a far more money-efficient way of buying/selling huge amounts.

And it works right? It made you think about what will happen next after they purchased the said amount.
Imagine how it will affect newbies without proper knowledge about the Bitcoin movement. I bet they are in FOMO now and also buying after receiving the news.
They know there are investors and traders that are monitoring their next step so whenever they see an opportunity they could take advantage of it using their money.
But, they don't have the same power as other known entities yet, like that billionaire who has so many followers that they would do everything that he does. If he buys, they buy. If he sells, they are fucked.  :D

When someone buys at a huge percent I think that was a sign of an upcoming price hike but it's odd if you say that it indicates a bear is coming. The price is now bearish because we are still in a bear zone and not because of the upcoming meeting of fed. It was only just a meeting and we don't know what will they talked about. People should not think negatively in advance because what if they lower the rates instead of adding more?

Now I am no way of shorting because I don't believe the price will dump and also this price is too low for me to sell. There are many threads here which talks about if what will be the bottom of the price. You can always refer to that to get an idea if what to expect in case price really bottoms out.

Considering how big of a company they are, and how much they are invested in bitcoin already, its clear indicator for me that its going to go up or at least they think that it will go up. This isn't some sign or anything, they could be wrong as much as we could be, there is no guarantee that they will end up with a profit for sure, they can also lose money, look at how much they have bought so far, and how the price went down afterwards, which shows that they were wrong, if they waited and bought today they would have bought so much more. This only shows that they always buy, low or high, because they like it so much.

Microstrategy purchased 301BTC is never a sign of bullish and we shouldn't forget that Microstrategy is just a crypto intelligence investment firm that a lot of business moguls literally use to invest in crypto since they don't have knowledge or time to secure their crypto portfolio.
The last bottom price of Bitcoin will always be a 70% - 90% downtrend from its ATH price but the last bottom is always achieved in the Q4 of the bearish market.

As OP explained in previous comments, it was a joke that went viral on social media. It is a fact and a coincidence that every time Microstrategy buys more bitcoins, it is almost as if the bitcoins will drop immediately after. I've read a lot of such hilarious memes too, and I find it coincidental myself.

The Fed meeting is not only important for the crypto market but it also has a big impact on the world economy every time they make an announcement on interest rates. Bitcoin is an asset, a commodity, a part of the world economy, so its impacts cannot be avoided, every time interest rates rise, the DXY index spikes, then risk assets like bitcoin and stocks plunge.

A sign, yes but depending on what kind of interpreted here. Some might see it as a good sign, MicroStrategy keeps DCA without selling their bag, indicating this price range is very close to the bottom. Some might see it differently, 301 BTC or worth around 6 million dollars isn't much. Lower than MicroStrategy's past investment into BTC, indicating they ain't put in as much money as before, either because this price range isn't the bottom yet or they are running out of steam.

I'm on the latter here since it makes more sense for that amount and not just because of the meme about every time MicroStrategy buys more BTC, its price drop further.

Micro Strategy just keep buying every dip, there's no sign either bearish or bullish. Why it's need to be a sign of bearish market? they're bought Bitcoin in order to get profit, they don't want to make Bitcoin price more cheaper lol.

Now Bitcoin price traded around $19K, I think it doesn't make something difference after Micro Strategy bought 301BTC.

I think there's a chance Bitcoin would go lower considering high inflation is still not resolved yet, this make people can't spend more money to buy other things.

No one know what will be the bottom but for this news spreading anywhere maybe we should buy sell while everyone got hype from this current news created by Micro Strategy since for sure to many manipulators are using this so that they can earn while many people got FOMO on the actions they do. For now I will try to take short since its risky to think long while we are still in bearish condition.

We all know that Bitcoin technical analysis and fundamental analysis all show Bear which means that the price of Bitcoin can go down a lot but one thing MicroStrategy has noticed whenever the market goes Down they publish a news that we Buy BTC Seeing their investment, it is undoubtedly said that the future of Bitcoin is very good.