MicroStrategy Bought More BTC

[Hamza2424]

Buddy i would say its a big news in postive way when any millioner come on social media and admit the statement they have invested thier big amount into BTC this thing bring trust in other people. Which makes BTC more adoptable and trustable. By seeing these kind of news somehow other organizations also approach to invest thier funds in BTC.

These things makes hight demand of btc which also cause increase in price. This news also relates to bull run for next year because when any know millioner or billioner personalities admit these kind of statement officially that makes positive cahnges in market.

Bro, Bitcoin doesn't need Michael-Saylor, to manifest its potential, Such Buyings do trigger Bullish sentiments but for the credibility establishment it really doesn't matter, it is the charm of Bitcoin and its characteristics that make it believable more authentic, as there was no Michael Saylor or MicroStrategy while Bitcoin was facing hard times with MT GoX, while suffering the China trading Ban, Mining Ban, FTX crash, and other attacks. It was Bitcoin who realized people that this system, this asset has potential, and convinced the investors and community to keep sticking with the Goal and be determined until the Universal asset recognition (Mode of Payment).

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

[coolcoinz]

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that. How many of you found it a good news?

Not that much for him, but Jesus....I'd never have to work another day in my miserable little life if I had that much bitcoin (lol).  

You wouldn't have to work even if you had 100 BTC, to be honest. I don't know how old you are, but in my case a mere 50 BTC would set me up for the rest of my life.

I'm not so sure about your assertion that Saylor's purchase is going to have an effect on the supply/demand curve.  Bitcoin has gone up a little bit since this news, but the market cap is such that there would have to be a massive, massive purchase made in order to have an effect on the price.

If he was buying on exchanges it would have an effect. Just look at the volumes that move the price. On September 19 someone bought 250 BTC on bitstamp and that moved the price from 27k to 27450.
You can expect that a spot purchase of 5k BTC would get us at least 1k up in price (globally), but this whole week we haven't seen anything like that.

I believe institutions are either buying OTC, or setting buy orders and waiting for scared people to dump into them. Setting floor purchases doesn't affect the price, but takes a lot more time to complete, whicjh they have. They've been doing this for the last year.

[Inwestour]

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

MicroStrategy is bought regardless of the market situation, if you look at their purchasing history, their strategy is very simple and I think I will believe Taylor when he said that MicroStrategy will buy everytime, when they have such an opportunity. Their average purchase price is about 30k, which I think is a pretty good price considering how much Bitcoin they have. Certainly in a bull market, MicroStrategy could become a very serious player.

[OgNasty]

This should be a surprise to nobody at this point. Microstrategy is all in on Bitcoin. It is clear by this point that they will keep buying as much as they can with any profit they can get their hands on and if there is investment demand they will issue more shares to raise funds for more Bitcoin. I don’t see this changing anytime soon.

[_BlackStar]

This should be a surprise to nobody at this point. Microstrategy is all in on Bitcoin. It is clear by this point that they will keep buying as much as they can with any profit they can get their hands on and if there is investment demand they will issue more shares to raise funds for more Bitcoin. I don’t see this changing anytime soon.

However, Microstrategy's big ambitions regarding its bitcoin investment make many people worried. I obviously don't care how many bitcoins he buys at any average price - but whenever there is a big price increase then people tend to panic for fear that Saylor's large holdings will be sold.

These concerns will obviously occur in a next bullrun - but I wouldn't call Saylor stupid in his sales plans. We probably won't know when he's buying and when he's already selling - unless Saylor announces it.

[virasog]

Buddy i would say its a big news in postive way when any millioner come on social media and admit the statement they have invested thier big amount into BTC this thing bring trust in other people. Which makes BTC more adoptable and trustable. By seeing these kind of news somehow other organizations also approach to invest thier funds in BTC.

These things makes hight demand of btc which also cause increase in price. This news also relates to bull run for next year because when any know millioner or billioner personalities admit these kind of statement officially that makes positive cahnges in market.

Bro, Bitcoin doesn't need Michael-Saylor, to manifest its potential, Such Buyings do trigger Bullish sentiments but for the credibility establishment it really doesn't matter, it is the charm of Bitcoin and its characteristics that make it believable more authentic, as there was no Michael Saylor or MicroStrategy while Bitcoin was facing hard times with MT GoX, while suffering the China trading Ban, Mining Ban, FTX crash, and other attacks. It was Bitcoin who realized people that this system, this asset has potential, and convinced the investors and community to keep sticking with the Goal and be determined until the Universal asset recognition (Mode of Payment).

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

Usually, these whales will buy bitcoin over the counter and not directly from the exchanges and therefore we do not see much movement in the bitcoin prices.

However, in times when everyone is selling bitcoin and the overall sentiments of the market are bearish, such news gives us hope and insights that people are accumulating bitcoin as we will not find these bitcoin prices next year and beyond.

No matter if MicroStrategy bought that many bitcoins and other institutes buy this much bitcoin, the important thing is how much bitcoin we bought. If we do not accumulate bitcoin in these times, then it's no use seeing other people buying bitcoin. Hope people understand this and invest in BitcoinBTC

[South Park]

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

MicroStrategy is bought regardless of the market situation, if you look at their purchasing history, their strategy is very simple and I think I will believe Taylor when he said that MicroStrategy will buy everytime, when they have such an opportunity. Their average purchase price is about 30k, which I think is a pretty good price considering how much Bitcoin they have. Certainly in a bull market, MicroStrategy could become a very serious player.

It is going to be very interesting to see how all of this turns out, while other billionaires denounce bitcoin Saylor is all-in in bitcoin and regardless of what happens it will be a spectacle, if bitcoin fails to produce the profits Saylor is expecting then it is possible his company could go bankrupt, but if he is successful and bitcoin goes up in value dramatically during the next bull run, something the majority of the users of this forum hope for, then his profits on paper will be very high, but if he wants to materialize them he will need to sell, which will cause a tremendous drop on this market.

[bbc.reporter]

It seems like he buys every 2 months or so. From what I read he has like $600m left to purchase more. Most likely he will be buying around $75M every month until he depletes all those funds.

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

This might be because he might be the only whale who is presently buying bitcoin. If there were other whales and institutional investors joining him like cousin Elon or grandma Cathie Wood, we would certainly would have witnessed bitcoin pump to $40k already.

There are people in this thread who reckon that the dump after Saylor's announcement was a coincidence or it was time to sell the news, Saylor top signal. I disagree with these. Saylor is the only one buying with size. Saylor is the recent top creator of last week's top.

[Dr.Bitcoin_Strange]

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that.

This is not just about holding for the mean time and seeing a small jump in the price; during some market conditions, any time a huge volume of bitcoin is also sold, it also affects the market. Although it's good to always see individuals and institutions investing a huge amount of money in bitcoin, Micro Strategy has always been a big player in the space for about three years now.

[Sarah Azhari]

How many of you found it a good news?

Seem like the good news spreading every day and everywhere to welcome the halving. I am not surprised about it because investors who understand the situation will buy as much as possible. Probably, many investors out there buy Bitcoin in secret, not published like Saylor did. This will make the Bitcoin price explosion in the near future if they buy again at the same time, this is called bullish, and I am really sure many people going to be late to buy, many will miss the train, and buy bitcoin at 3x the price from now.

Don't miss it, and don't be late because time is running out.

[Ptb73]

I am no longer surprised that MicroStrategy buys more and more bitcoin every time. I think this is great news!

[traderethereum]

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that.

This is not just about holding for the mean time and seeing a small jump in the price; during some market conditions, any time a huge volume of bitcoin is also sold, it also affects the market. Although it's good to always see individuals and institutions investing a huge amount of money in bitcoin, Micro Strategy has always been a big player in the space for about three years now.

That's not surprising because they are big players who also have a lot of money to buy large amounts of bitcoin.
They will be happy when they see that the bitcoin price can go down because that means they can buy more and save it until the target selling price comes.
But we shouldn't be impressed by what they do because they can do it easily and we should also consider collecting more bitcoins.
We have to focus more on buying bitcoin because we also have different goals from the Micro Strategy so we should return to ourselves to look for opportunities to buy bitcoin again.