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Author Topic: Michael Saylor and bitcoin  (Read 438 times)
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January 06, 2022, 06:28:41 AM
Merited by OmegaStarScream (3), Lucius (1), Wind_FURY (1), Wiwo (1)
 #1

Recently, I have been seeing many videos of Michael Saylor[1][2][3] speaking positively about Bitcoin and giving a lot of optimistic analyzes.

So for someone who is a newbie, would you recommend that I send him Michael's videos to explain the economic side of Bitcoin or convince him to invest or will it lead to over-optimism that might end up with my friend losing some money?

In short, the topic talks about Michael's recent analyzes/tweets and how serious it is taken for the average joe.

[1] https://twitter.com/saylor
[2] https://en.wikipedia.org/wiki/Michael_J._Saylor
[3] https://www.youtube.com/watch?v=li3a7lKRlFk

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January 06, 2022, 08:01:24 AM
Merited by hugeblack (1)
 #2

Michael Saylor is always positive about bitcoin and honesty I never heard anything negative from him about bitcoin, even when the bitcoin price was dumping hard he didn't stop thinking and talking positively about bitcoin some people even believe he is the real satoshi he is leading MicroStrategy and this company is holding a big share of bitcoin, with is much investment of bitcoin I'm surprised to see Saylor is always positive about bitcoin however I won't recommend his videos to my friends but I suggest them to read more about money management before start investing on anything including bitcoin to any newbie friends.

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January 06, 2022, 08:59:16 AM
Merited by hugeblack (1)
 #3

I would recommend it but I would seriously caution people about the part where he recommends everyone to borrow to buy Bitcoin. If you have a paid off house, he recommends you take a mortgage and invest in Bitcoin. This is one thing Frank Giustra threw in his face in the Bitcoin vs Gold debate. Not everyone is a Billionaire like him and for many people that advice can end in ruin.

For someone smart in general and financially savvy, his advice can serve them well. Many billionaires are short on cash and what they do is they have it all invested in premium assets. If they need cash, they borrow against those assets. But for the average Joe, it can be a disaster.


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January 06, 2022, 09:36:06 AM
Merited by OmegaStarScream (3)
 #4

I personally wouldn't, but I'm not like super against it. Though I think that Saylor definitely knows his thing(surprisingly after watching a few of his interviews), I just think that Andreas Antonopoulos is simply just better at explaining things.

As for over-optimism, yea, I'm afraid only deeper research and thinking realistically can fix that.

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January 06, 2022, 09:40:35 AM
Merited by hugeblack (4)
 #5

Saylor isn't the person I'd choose to introduce someone to Bitcoin with.  He has some good talks about finance, but I don't think he knows as much about Bitcoin as most think.  He also isn't the most captivating speaker when it comes to crypto. 

If I were going to recommend a more fun and knowledgeable way for you to introduce someone to Bitcoin, I would go with Pomp's Best Business Show podcast.  It's a lot of fun to watch and they have some really great analysts and guests on there quite frequently.  I think it's entertaining and educational, as well as being a bit more youthful and likely to catch your friend's attention.

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January 06, 2022, 09:59:22 AM
 #6

Not that bad to recommend it to a newbie and watch and hear his thoughts. But it's always the reminder that I'm telling to the people who asks me if it's good to invest in bitcoin. I'd always told them that it's the same as other investments that risk cannot be removed. If they see people who have been boasting their profits, it's not an easy way that they've been through. The risk that bitcoin has is higher than the usual investments that we have but since I'm always optimistic about them, I'd told them that the risk is paid off and worth it.

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January 06, 2022, 10:07:24 AM
 #7

Saylor isn't the person I'd choose to introduce someone to Bitcoin with.  He has some good talks about finance, but I don't think he knows as much about Bitcoin as most think.  He also isn't the most captivating speaker when it comes to crypto. 

If I were going to recommend a more fun and knowledgeable way for you to introduce someone to Bitcoin, I would go with Pomp's Best Business Show podcast.  It's a lot of fun to watch and they have some really great analysts and guests on there quite frequently.  I think it's entertaining and educational, as well as being a bit more youthful and likely to catch your friend's attention.


Yes... There are few captivating speakers who really know every angle. The learning process is usually quite a long journey, and there are many ways of beginning, as well as progressing through.

Saylor has influence for his reputation and following because Microstrategy has always interacted with a wide variety of other business models. In that sense I would think he is more of a generalist, and would maybe just motivate listeners to find other sources, looking from their own specific point of interest.

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January 06, 2022, 10:17:22 AM
 #8

I looked at his Wikipedia, and I don't think he's the right guy for this. Firstly, there's this section on COVID denial and his great prediction that it will all be over in a few weeks. Unless your friend's also a COVID denier, it can be a major setback (in the line of thinking that if this guy was so wrong about the pandemic, why should he be trusted regarding any other matter). Then there was a SEC settlement, potentially suggesting tax evasion (again, not good for his reputation).
I think a good and reasonable guy for Bitcoin education is Andreas Antonopoulos, just like mk4 suggested. He's genuinely interested in blockchain and Bitcoin, rather than, like Saylor, hunting down whatever brings profits. Also, I don't think he's overly optimistic (at least, I don't think he ever makes predictions about Bitcoin price going up), so it seems that his views are more moderate and are less likely to result in your friend losing money.

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January 06, 2022, 10:19:39 AM
 #9

Michael Saylor is always positive about bitcoin and honesty I never heard anything negative from him about bitcoin, even when the bitcoin price was dumping hard he didn't stop thinking and talking positively about bitcoin some people even believe he is the real satoshi he is leading MicroStrategy and this company is holding a big share of bitcoin, with is much investment of bitcoin I'm surprised to see Saylor is always positive about bitcoin however I won't recommend his videos to my friends but I suggest them to read more about money management before start investing on anything including bitcoin to any newbie friends.
Their is different between him and Elon musk, Michael always talk good things about bitcoin as you said, i have seen many statement it drop in Twitter aand other social media activities but no one State bad about Bitcoin but musk always condemn the development of bitcoin and continues to support doge coin that belongs to him, Micheal is different from musk, i like the way he talks about bitcoin, if he point out hate speech to bitcoin is just of recent
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January 06, 2022, 10:32:59 AM
 #10

OP, I respect Michael Saylor, “for now”, as a HODLer, but don’t send a newbie his videos. Plus someone should first teach Michael Saylor when to buy the DIP. Hahaha.

Send a newbie videos/information that would make him truly understand how the protocol works, and how the network is holding itself together. If he/she truly understood, let him/her decide if the network has real value for himself/herself.

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January 06, 2022, 11:17:37 AM
 #11

Recently, I have been seeing many videos of Michael Saylor[1][2][3] speaking positively about Bitcoin and giving a lot of optimistic analyzes.

So for someone who is a newbie, would you recommend that I send him Michael's videos to explain the economic side of Bitcoin or convince him to invest or will it lead to over-optimism that might end up with my friend losing some money?

In short, the topic talks about Michael's recent analyzes/tweets and how serious it is taken for the average joe.

[1] https://twitter.com/saylor
[2] https://en.wikipedia.org/wiki/Michael_J._Saylor
[3] https://www.youtube.com/watch?v=li3a7lKRlFk
Michael Saylor has always been an advocate of Bitcoin before the covid-19 outbreak that forced social distance on the world and in the interview, Michael Saylor talks about the shifting of activities from the physical world to the virtual world, which the web 3 metaverse is all about the virtualization of all human activities which Bitcoin and the blockchain is a key component of that development.
I guess this is suitable for newbies' consumption but depends on the newbie's ability to comprehend the information.

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January 06, 2022, 11:27:44 AM
 #12

Michael saylor is one of the positive man when it comes crypto especially bitcoin. He had good views always reason i wouldn't be surprised why many people saying that he is the one satoshi. And yes his video is a good recommendation for others who want to adapt bitcoin as well because indeed most of his video are informative.
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January 06, 2022, 11:52:21 AM
Merited by stompix (2)
 #13

Michael Saylor has always been an advocate of Bitcoin before the covid-19 outbreak that forced social distance on the world and in the interview...

Again, you are wrong, because it is not true that Saylor has always been pro-Bitcoin, quite the opposite.


Source

Furthermore, it should be clear to everyone by now that Saylor, whose company has over 120 000 BTC, must be 100% positive about Bitcoin, because his job and future depend on it. Does this mean that man is no longer objective to see the situation in a realistic way? In a way, this is certainly the case, and this should be taken into account when it comes to his thinking.

I don't mind what a man does with his money or his company's money, and if someone wants to copy that moves, it's his personal business. I also prefer Bitcoin over fiat, but I have no influence over others to do so, nor would I want to be responsible for someone’s financial security.

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January 06, 2022, 12:23:12 PM
 #14

Michael Saylor has always been an advocate of Bitcoin before the covid-19 outbreak that forced social distance on the world and in the interview...

Again, you are wrong, because it is not true that Saylor has always been pro-Bitcoin, quite the opposite.


Source

Furthermore, it should be clear to everyone by now that Saylor, whose company has over 120 000 BTC, must be 100% positive about Bitcoin because his job and future depend on it. Does this mean that man is no longer objective to see the situation realistically? In a way, this is certainly the case, and this should be taken into account when it comes to his thinking.

I don't mind what a man does with his money or his company's money, and if someone wants to copy that moves, it's his business. I also prefer Bitcoin over fiat, but I have no influence over others to do so, nor would I want to be responsible for someone’s financial security.
As Ironically, as it may sound Michael Saylor, have Also been responsible for speeches that have pushed the Bitcoin market from $7k to $28k some time back, one may view Micheal way of approach to Bitcoin in public as an anti-Bitcoin but again his action and that of his company micro strategy as that of Bitcoin enthusiasts as he holds quite a big numbers of Bitcoin.

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January 06, 2022, 01:06:43 PM
 #15

Saylor and MicroStrategy should say positive things about Bitcoin because they are one of biggest institutional investors according to Bitcoin Treasuries.

https://bitcointreasuries.net/

They are old Bitcoin institutional investor so their perspective should be very solid on Bitcoin. New institutional investors can have less positive and solid thinking about Bitcoin but it is not what Saylor and MicroStrategy have.

Personally it is not actually good if we only talk about positive because it will hype people (it is what they are trying to do) and indirectly cause them to ignore risks. Mortgage to buy Bitcoin, I disagree. I am bullish with Bitcoin but I don't do that.

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January 06, 2022, 01:25:41 PM
Merited by hugeblack (4)
 #16

I personally wouldn't, but I'm not like super against it. Though I think that Saylor definitely knows his thing(surprisingly after watching a few of his interviews), I just think that Andreas Antonopoulos is simply just better at explaining things.

As for over-optimism, yea, I'm afraid only deeper research and thinking realistically can fix that.

and OgNasty

Yup I agree MS certainly knows his stuff, I would even say he has been and is always
thinking outside the box but with that his speech and thoughts Metaphorscan
be a bit abstract and tricky for newbies to follow.

I would also say his speeches can come across as geared to business people but
are essentially aimed at everyone.

So its tricky as to directing some people to his stuff, there are other knowledgable
people who send a good message, Pomp and Andreas Antonopoulos as posted above.

Free intro course > https://aantonop.com/workshops/introduction-to-bitcoin-and-open-blockchains/

Quote
Learn the basics of Bitcoin and Open Blockchains from industry expert Andreas M. Antonopoulos.
In this course Andreas will walk you through what Bitcoin is, explain how to get and use bitcoin,
how the bitcoin price is derived, the transaction timeline and more. While this course is not a
prerequisite for any of the other workshops courses, it is designed to give you a solid foundation
of understanding for your open blockchain learning.

R


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January 06, 2022, 02:48:08 PM
 #17

If the video can motivate and give an overall picture of why someone is so interested in investing, then it will be very helpful for me personally, generally for other people who if they want to know the logical reason behind investing in Bitcoin. In addition to the advantages, maybe in the video, there will be values that can only be understood by every individual who watches. I will try to recommend it to others. Because of the end of the decision, back again to one's belief in the future of Bitcoin.

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January 06, 2022, 07:52:04 PM
 #18

Michael Saylor has a very philosophical stance on bitcoin.

If you have listened to the Michael Saylor Series, you would know that his appreciation for bitcoin comes from a lot more than just number go up technology. He views bitcoin as something that is supposed to take over gold because of its smarter/faster/stronger properties. He explains that bitcoin succeeding is simply a force of nature. The human desire to have something that is superior to another.

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January 06, 2022, 08:26:57 PM
 #19

Anyone who sees Bitcoin as prophecy isn't probably going to be liked by someone who doesn't. At least, not yet. You need people who speak reasonably to convince, not those who say stuff such as “Bitcoin is a swarm of cyber hornets serving the goddess of wisdom”.

I recently watched a great talk from Saylor, but I don't think I'd recommend it to a newcomer. I liked it because I've already understood more than just the basics of Bitcoin and agree with his statements.

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January 06, 2022, 09:11:01 PM
 #20

Most of Micheal saylors videos are self explanatory and could serve as good guide to explaining Bitcoin to newbies. So far Michael saylors has remained positive on Bitcoin over a long time and his videos could serve as good analysis for explaining Bitcoin and it's technology to one who hasn't heard about Bitcoin before
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