Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.

[uchegod-21]

As of 26 December, while others were celebrating Christmas with various activities, s/amp.fxempire.com/en/crypto-news-today-microstrategy-buys-more-btc-before-spot-etf-approvals/1398754]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?

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 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.

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

[Cryptomultiplier]

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.

[lixer]

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.

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.

[riverdip]

Blockrock got some competition

[kryptqnick]

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.

[shepherd_gee]

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

[Nrcewker]

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://saylortracker.com/

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

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.