Microstrategy keep buying bitcoin. How if they become the biggest BTC HODLer?

[janggernaut]

Until this day, Microstrategy keep buying bitcoin. Recently, they even bought $15million equivalent with 262 bitcoins at @$57,146 so it makes Microstrategy HODL total 91,326 btc

https://cryptopotato.com/another-purchase-microstrategy-bought-262-more-bitcoins-for-15-million/

As the biggest public company HODL bitcoin for now, What do you think about their action?

I would like to hear all opinion from any HODLers and Weak Hands about this.

[GreatArkansas]

(....)
As the biggest public company HODL bitcoin for now, What do you think about their action?

HODL stronger of course. MicroStrategy already proven it especially when Bitcoin dumped before when all-time-high reach around $40,000 then dropped to almost $29,000. They keep buying.
What I don't want to happen is they will take a loan just to buy Bitcoin, it is kinda risky though. Less debt, more Bitcoin is much better.

[Slow death]

the question I ask myself is:

if a lot of people are just buying bitcoin to make hodl where will we end up? what future awaits us if we use bitcoin just to hold?

in short:

if Microstrategy was there to say that he bought a lot of things using bitcoin, that would be great news, but they just showed up to say that they do what 90% of people are doing and that news indirectly encourages more people to think only about hodl

there will come a time when everyone will have their bitcoins kept in their wallets for years, and bitcoin will only be used for that: to be kept in wallets for years

[electronicash]

the question I ask myself is:

if a lot of people are just buying bitcoin to make hodl where will we end up? what future awaits us if we use bitcoin just to hold?

in short:

if Microstrategy was there to say that he bought a lot of things using bitcoin, that would be great news, but they just showed up to say that they do what 90% of people are doing and that news indirectly encourages more people to think only about hodl

there will come a time when everyone will have their bitcoins kept in their wallets for years, and bitcoin will only be used for that: to be kept in wallets for years

we end up holding as an investment like how we treat it today unless there is the need to use the BTC to buy something. everybody win, holders for longterm always win. but not everyone will hold.

there will come a time that we'll sell them all when we see bear signals. i read it on some thread that BTC and cryptocurrency are overheated and it's all over the media which i guess could really rocket to mars so we are not yet seeing that bear signal.

[Jating]

I guess it won't hurt the market if they keep on buying and storing it in the future and this might push the market price. The only question is are they really here for the long term? What if they suddenly dump their holdings?

For average joe, who is a holder, I don't think they care if Microstrategy keeps buying bitcoin, but it's going to be a competition, so everyone needs to be very careful of just dumping their bitcoin because someone is waiting to scoop it up.

[Lorence.xD]

Then they will be able to manipulate the market wherever they want it to go, as simple as that, they can sell portions of what they currently hodl to make the prices go down or short the market. The only way to survive that is to continually hodl bitcoin, as long as you have some in your possession, you don't have to worry about it.

[CryptopreneurBrainboss]

if Microstrategy was there to say that he bought a lot of things using bitcoin, that would be great news, but they just showed up to say that they do what 90% of people are doing and that news indirectly encourages more people to think only about hodl.

Of the same feeling, I think I'm feed up with the whole Institutional investors buying and buying bitcoin, before you know it now, they will have majority on their hands that they'll be able to influence the movement of the market this time directly. Hope we all know there's 99% possibility for bitcoin to dump massively if Microstrategy was to come out and declare they'll be selling their bitcoin holdings or some fraction. We are giving them too much attention. They aren't adding anything to the industry yet only making money off it.

I think we need companies offering utilities, we need companies that'll buy into the idea of accepting bitcoin as payment options and give announcement like this more often instead of constantly manipulating the market with their news of acquiring more coins that only benefit them. Tesla bought bitcoin then they offered it as a payment options for their electric cars, we need more companies like this.

[Karartma1]

if Microstrategy was there to say that he bought a lot of things using bitcoin, that would be great news, but they just showed up to say that they do what 90% of people are doing and that news indirectly encourages more people to think only about hodl.

Of the same feeling, I think I'm feed up with the whole Institutional investors buying and buying bitcoin, before you know it now, they will have majority on their hands that they'll be able to influence the movement of the market this time directly. Hope we all know there's 99% possibility for bitcoin to dump massively if Microstrategy was to come out and declare they'll be selling their bitcoin holdings or some fraction. We are giving them too much attention. They aren't adding anything to the industry yet only making money off it.

I think we need companies offering utilities, we need companies that'll buy into the idea of accepting bitcoin as payment options and give announcement like this more often instead of constantly manipulating the market with their news of acquiring more coins that only benefit them. Tesla bought bitcoin then they offered it as a payment options for their electric cars, we need more companies like this.

For those who buy there are those who sell.
If they value bitcoin so high and keep buying I don't see any problem with that; yes they are stacking big here but should they be stopped?
Bitcoin is not for payments only anymore: it is a clear unit of account, a medium of exchange and, more importantly, a good store of value.
The market decides where the bitcoins need to go.
Relax.

[orions.belt19]

I think we need companies offering utilities, we need companies that'll buy into the idea of accepting bitcoin as payment options and give announcement like this more often instead of constantly manipulating the market with their news of acquiring more coins that only benefit them. Tesla bought bitcoin then they offered it as a payment options for their electric cars, we need more companies like this.

Exactly. I've been seeing Microstrategy buying bitcoin again and again so it doesn't feel any new to me and this news doesn't give any impact anymore as it did when he first bought. I'm more keen on seeing companies like what Paypal has done, accepting crypto merchant payments (although it hasn't launched yet). I want to see companies like Netflix, Amazon or Apple investing and then offering it as a payment method for their subscriptions. Once that happens, that's when we can expect to see more retail investors flocking in.

[Coin_trader]

Not possible because no one can beat Satoshi Nakamoto holdings and other early investors that surely not gonna flip the majority of there Bitcoin. Microstrategy will sell some of there holdings once they achieve a certain profit because they can afford to hold it for too long due to the volatility of Bitcoin which might hit them hard once a panic sell occur.

[$crypto$]

For those who buy there are those who sell.
If they value bitcoin so high and keep buying I don't see any problem with that; yes they are stacking big here but should they be stopped?
Bitcoin is not for payments only anymore: it is a clear unit of account, a medium of exchange and, more importantly, a good store of value.
The market decides where the bitcoins need to go.
Relax.

There is no need to stop the monastery. MicroStrategy continues to buy at higher prices and that means the rise in bitcoin will definitely continue for a long time if they continue to chase bitcoin from now on.
The market will witness a lot of holdings with longer holders but will it be a trend again in the future with some popular people following in its footsteps?
I think we have to see what actually happens if a price goes up soaring high again it means that it is a sign that we are in bright times.

[The Sceptical Chymist]

As the biggest public company HODL bitcoin for now, What do you think about their action?

Part of me thinks they're insane for buying that much bitcoin, but only because they're a publicly-traded corporation.  But as long as their shareholders don't have a problem with it, there's no issue.  MSTR certainly has very large, clanging brass cojones for having purchased as much bitcoin as they did.  We all know how volatile of an investment it is, and unless MSTR is somehow hedging their purchase they stand to lose a TON of money if bitcoin crashes--and that can never be ruled out.  Everything seems very bullish right now, but any kind of bad news or a change in sentiment could send the price crashing.

They helped drive the price up, no doubt, and I'm sure a lot of bitcoin hodlers are grateful for that.  I do wish MSTR (and those other companies that bought bitcoin recently) the best.

[Fatunad]

As the biggest public company HODL bitcoin for now, What do you think about their action?

I would like to hear all opinion from any HODLers and Weak Hands about this.

We dont know on whats up into their minds or on what they are actually trying to achieve with these kind of accumulation behavior but one thing is for
sure that these buy out does really give out positive sentiment or impressions towards the market.It do simply shows that this company does really put
up its trust to bitcoin market and of course its just normal that they would really be minding off about on making profits.
This isnt limited to them but also in other companies as well it is just they are financially capable on doing such things on seeing buying tens or
hundreds of million in investing it out.

[passwordnow]

They are investing much in bitcoin and that's a real investing should be like. But I don't want to put my hopes that they'd be holding forever and the actual time of dumping it might come to them but we'll never know when. If they'll become the biggest holder, they're putting it in their own interest and business.
https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ

[STT]

Really they can only become the largest holder if they represent a large amount of people or revenue through their holding.   Its not a good strategy to corner a market and become a whale in a puddle, BTC is large but generally any investment strategy would avoid such an event occuring because its dangerous and proved so many times.
  Even without reference to this specific company or example its best if the market overall grows in active wallets and usage, the price is secondary to that Im quite sure.

[crzy]

They see such potential with Bitcoin and we can’t stop them from being a big whales who owns the most Bitcoin, I’m pretty sure they know how to play on this market and they know how they can earn profit, considering their average price of Bitcoin.

If you think those whales will manipulate the market, then time can tell for now you’d better to focus on holding Bitcoin too because we’re still far from the moon, and BTC can still go higher.

[AmoreJaz]

They see such potential with Bitcoin and we can’t stop them from being a big whales who owns the most Bitcoin, I’m pretty sure they know how to play on this market and they know how they can earn profit, considering their average price of Bitcoin.

If you think those whales will manipulate the market, then time can tell for now you’d better to focus on holding Bitcoin too because we’re still far from the moon, and BTC can still go higher.

i dont think they will want to ruin the market where they are investing their large funds. so as much as possible, they will protect this market also. and with their buying spree, it means, somehow they believe in this market. though we dont know their plans here, but still, it is giving positive impact in crypto in general.
even if they will become the biggest btc holder, i dont think they can control the market.

[magneto]

Until this day, Microstrategy keep buying bitcoin. Recently, they even bought $15million equivalent with 262 bitcoins at @$57,146 so it makes Microstrategy HODL total 91,326 btc

https://cryptopotato.com/another-purchase-microstrategy-bought-262-more-bitcoins-for-15-million/

As the biggest public company HODL bitcoin for now, What do you think about their action?

I would like to hear all opinion from any HODLers and Weak Hands about this.

I honestly don't think it's too big of a deal.

They're probably executing a buying program similar to a DCA scheme, whereby they buy a certain amount of coin no matter what the price is in order to smooth out their average total cost on their position.

If they're committed to long term holding, then this is the most logical strategy to adopt.

They're probably nowhere near being the biggest BTC holding entity right now. The bulk of the coin is still concentrated on exchanges as opposed to publicly listed companies or special vehicles belonging to particular funds. But even if they become the top holder, so what?

Their influence on the BTC network is going to be no greater than anyone else's just because they hold thousands of coins. Actually, it'll probably be a positive given that they seem to be accumulating BTC for the long run as opposed to constant trading, which will likely reduce the amount of volatility in the market.

[Karartma1]

Until this day, Microstrategy keep buying bitcoin. Recently, they even bought $15million equivalent with 262 bitcoins at @$57,146 so it makes Microstrategy HODL total 91,326 btc

https://cryptopotato.com/another-purchase-microstrategy-bought-262-more-bitcoins-for-15-million/

As the biggest public company HODL bitcoin for now, What do you think about their action?

I would like to hear all opinion from any HODLers and Weak Hands about this.

The bulk of the coin is still concentrated on exchanges as opposed to publicly listed companies or special vehicles belonging to particular funds. But even if they become the top holder, so what?

There is now a confirmed trend that sees exchange holdings slowly and steadily decreasing. In fact, exchange outflows are more than the inflows as you can see on https://glassnode.com/
Despite the price surge there is an unbelievably high long-term accumulation pattern that shows the real strength behind the entire bitcoin value proposition.

[Wilhelm]

Less in circulation the higher the price. Take them coins off the market!!!