Michael saylor and his bags

[joniboini]

I personally never trust these kinds of reports. Who knows when or how much they actually buy. It is possible that the headline is different than the actual article. If it's not verifiable, at least for me, just treat it as if it was non-existent.

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[Wind_FURY]

OP, your question might be answered, look at the market. I believe it’s the “Saylor Bids” that are currently supporting this market now. I was expecting to see the correction to continue, and see Bitcoin priced at $33,000 - $34,000 today.

[mindrust]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Easy.

If bitcoin is going down, he is probably buying the fucking dip. Following his tweets I can say he is pro bitcoin. It is natural to think that he is buying every dip there is and there will be. Other than that, I don't think there is another way to verify this.

Why do you care anyway? There are bigger market movers than Saylor.

[aditasetia123]

We need whales like this man. We need more volume for BTC for now.

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

if we have several michael saylor who believe in bitcoin future maybe we will not see current price of bitcoin below $37k. Saylor need huge support from crypto community , not only financial support but also fundamental support by spreading positive thing about bitcoin and other cryptocurreny.

[Distinctin]

We need whales like this man. We need more volume for BTC for now.

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

if we have several michael saylor who believe in bitcoin future maybe we will not see current price of bitcoin below $37k. Saylor need huge support from crypto community , not only financial support but also fundamental support by spreading positive thing about bitcoin and other cryptocurreny.

It's up to you to follow him, people have different opinions and market strategies. So we can never expect that all of us will follow in a single path and it was impossible to see that everyone is buying because someone told us to do so. No, some will buy and some will sell. That is the reality in crypto.
I suggest being careful following with the whales like Michael, they might be setting you a trap.

[martina14]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

I am not familiar with Michael Saylor and his bags as well, But I can give an answer to your question anyway.
And my response is no one knows who's selling or buying in the actual trade. This is the reason why all traders
are anonymous. All we can see is the Txid and the address from the place it came from and to the destination
address too.

[jostorres]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Unfortunately you cannot get to know when they are buying; or probably you will get know delayed because in the past when they have tweeted about their buying bitcoins and then I have observed those markets spikes. So, if you really want not to miss out good buying prices and want to buy before Microstrategy will be buying then I guess you must buy right now.

I read they are raising big amount of money to buy more bitcoins in coming days and when they are executing their plans, I believe bitcoin again will land into in the $60k zone more easily and without any doubts. So, buying right now may not make you regretting at any point of time.

[wxa7115]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Unless you are a friend of his then you are never going to be able to tell when a whale like that makes those kind of movements, you need to understand that they will try their best to try to hide those movements and this is because if everyone found out he was about to buy bitcoin then the price will go up even before he does.

This means he will have to pay more for each coin and this is obviously something that no one wants to happen to them so they use different exchanges, accounts, companies and different time frames to hide this from the general public.

[pawanjain]

But it's not always a good time that he enters because I remember that there was some news that his company bought but it was I think above $40k so that particular batch of his purchase is at loss. Thus, he's buying for the long term so he's also like buying at any price that he has to.

You are saying that from a trading point of view. Entry point matters in the short term but not in the long term.
As you said Michael Saylor must be buying for a long term and hence he is buying every dip.
This might be a good strategy as long as we have enough money to buy the dip. But at the same time we have to look how much funds are left.
We can't put all our money at a single dip and then wait for the market to dump further.
But yeah, we don't have to worry about the price if we are in it for long. It's always a good time to buy bitcoin.

[ashmodeus]

well , i wonder will he buy more on this dip , damn , their money seems like infinite. but remember , Grayscale still the largest institutional holders of BTC.

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

nope , even when Grayscale buying massive of bitcoin , the price changed didn't happen , looks like nothing change , but , remember tesla ? when tesla buy, price didn't change too , but after the announcement , the price finally changed.

[tygeade]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

There is no way to know how much and when he buys bitcoins apart from him making tweets or public announcements. There are huge trades happening all day so you don't know which one is made by whom and although the price should rise when he makes those purchase but the market is so big that the price doesn't move by much and there are sellers when the price rises so it is sort of compensated and hence impossible to determine if a big purchase was made by anyone.

Saylor doesn't have the kind of impact as Elon would have so I don't think it matters too much either if you somehow know when and how much he buys. I was curious if there is a connection between them both because if I am not mistaken they both follow each other on twitter and both were always positive about BTC until recently when Elon took a different path.

[Wind_FURY]

Does Michael Saylor have a wife? Truthfully someone should stop him from selling more equity of his company, or from using his company to take on more large debts to use to buy Bitcoin. There is a right time to do this, and currently it is NOT the right time.

[RealMalatesta]

I personally never trust these kinds of reports. Who knows when or how much they actually buy. It is possible that the headline is different than the actual article. If it's not verifiable, at least for me, just treat it as if it was non-existent.

You are right and someone buying bitcoins should not mean we should buy or sell it too because every trader should react on their own independent of what other traders are doing. It's important to know the news because it gives an idea of how the market might act but we shouldn't be making trades based on how one individual acts.

Once a large number of traders start following one guy that's where market manipulation becomes easier for them because they know how to fool the traders.

OP, your question might be answered, look at the market. I believe it’s the “Saylor Bids” that are currently supporting this market now. I was expecting to see the correction to continue, and see Bitcoin priced at $33,000 - $34,000 today.

Might be true but I feel there are buyers 10x bigger than him supporting the market and they are anonymous because those are early investors.

[adaseb]

He just completed his purchase about 2 hours ago or so. According to his tweet he bought 13005 Bitcoins for $489 million at an average price of $37.617 which is pretty much at the high last week. He has a total of 105085 bitcoins and his average is $26080.

So I have a feeling that people are going to want to get price below the $26K so his board gets nervous and makes him liquidate him position and if he starts to liquidate his position we will definately go below $20K fairly soon and stay there for a while. So becareful with your longs.

[ubercool]

https://twitter.com/michael_saylor/status/1406946140344442882

Even after this much buying Bitcoin is not able to recover above 40k$. Because of the Chinese FUD, we are not able to see the hash rate and we badly need some support on mining.
If Micheal Saylor is reading this then I would request him to look at it and work towards making Bitcoin mining a better thing.

[mindrust]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

Easy.

If bitcoin is going down, he is probably buying the fucking dip. Following his tweets I can say he is pro bitcoin. It is natural to think that he is buying every dip there is and there will be. Other than that, I don't think there is another way to verify this.

Why do you care anyway? There are bigger market movers than Saylor.

MicroStrategy just bought another $489 million in bitcoin to add to its vast trove of the cryptocurrency

MicroStrategy spent roughly $489 million to purchase an additional 13,005 bitcoins, the company announced Monday.

See?

He is a man of his word.

He said he would buy the fucking dip and he bought the fucking dip. When bitcoin has investors like Mikey, it simply cannot fail. He just spent half a billion on btc like it was nothing. That takes ballZ.

[ahoenk]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

He is doing DCA ( Dolar Cost Averaging ) his average is around $26k. You can do it too if you have deep pocket like him. To be honest DCA is the most profitable strategy in investment. You can win much and lose only small amount.
I dont think there is spesific TA when he buy. He just calculated his whole average buying below $30k ( look like $30k is strong support in this cycle ).

[jerry0]

What is his net worth?  What I don't get about this whole thing is when someone is already as rich as him, why is he getting so involved so much in this?  It shows he has over two billion dollars in net worth.


Why doesn't he just go on vacation everyday and do nothing and just enjoy?  I mean whatever money he has, that is obviously enough for me him already.

[Johnyz]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

That’s unpredictable, we don’t know when the whales will buy but we can see it’s effect after a few hours especially if the market reacts on it. There’s a lot of big institutions buying a cheaper bitcoin right now, I believe this is just temporary and I’m sure the price will start to recover in July and then goes off in a ghost month again. TAYOR!

[maxreish]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

You will have to be updated with his social life, I mean if you wanted to know whether he will buy or sell off bitcoin. Then you may follow his twitter and see if he move some bitcoins or not. You cant actually see it just by looking at chart. But then, the price eventually affected the moment he buy worth millions or billions of bitcoin.