Microstrategy purchased again 301BTC. Is this a sign?

[Eternad]

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?

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[pooya87]

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.

[tbct_mt2]

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.

[Poker Player]

I'm confused about your post! How is purchasing $6 million worth of bitcoin is a "bearish indicator"?!!

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.

[DeathAngel]

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.

[NeuroticFish]

Everyone knows this is the ultimate bearish indicator.

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.

[Eternad]

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.

Everyone knows this is the ultimate bearish indicator.

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.

[NeuroticFish]

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.

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

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...

[avikz]

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?

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.

[Eternad]

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.

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 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.

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.

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...

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.

[franky1]

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

[traderethereum]

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.

[mk4]

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.

[kapalmabur]

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

[abel1337]

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.

[blockman]

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.

Everyone knows this is the ultimate bearish indicator.

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

[Fatunad]

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.

Everyone knows this is the ultimate bearish indicator.

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.

[Poker Player]

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.

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.

[Strongkored]

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

[Ryker1]

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.