Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.

[ColdLava40]

As of 26 December, while others were celebrating Christmas with various activities, Microstrategy were celebrating theirs with further addition of 14,620 Bitcoin which worth $615M. Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B, which guarantees a very good profit in the next Bull market and beyond.

Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.

What do you think?

[1714644781]

1714644781

[Catenaccio]

What do you think?

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker.
https://saylortracker.com/

They get approximately 38% ROI and in value, their estimated profit is $2.2B.

[CryptoHeadlineNews]

Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B,

If we are to work with the figure you just gave above as the total amount of Bitcoin Microstrategy currently has @ 189,150 BTC, then I think with the current price of Bitcoin at $43,100 per BTC, then it's accumulative worth is actually more than $5B, as it's currently up to $8B (i.e 189,150 x $43,100 = $8,152,365,000). Hence, this should be a sign for us all to keep accumulating ours just as Microstrategy has done theirs, if we really wants to reap good profit after the price of Bitcoin start skyrocketing after next year's halving.

[riantolie]

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

[flyingcarpet]

What do you think?

They are a strong investor and strong hodler but they will sell bitcoins in future.

Everyone can invest the amount they want, no one can interfere with this, but we cannot ignore the risks of high amounts of investment. Microstrategy's purchase of Bitcoin and keeping it on the agenda is good news for Bitcoin, but this situation may also reverse in the future. What I mean is that if a person or institution holds a large amount of Bitcoin and starts selling it in the future, this will inevitably affect the market negatively. There's nothing to prevent this.

Institutions and companies that purchase Bitcoin have a significant impact on increasing the price of Bitcoin and diversifying their investors. While talking about the positive aspects of such investors, we should also be aware of the negative situation that will arise in case of sale.

[CODE200]

I don't think that slowing down is what Michael Saylor has on his mind, but he's definitely going to influence the market given the notoriety that he's getting when he's on the news or whenever he does something that's related to bitcoin or crypto, I think we can't help it when people overreact or when they don't know what to do. I guess we just have to hope that we have bought enough bitcoin so we don't worry too much whatever happens to the market, that's the only thing that we can do.

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.

[Fiatless]

What do you think?

Unlike Elon Musk who has been inconsistent in his support of Bitcoin, Michael Saylor is a strong believer in the cryptocurrency. He has been one of the vocal voices speaking up for the sector even in times of fierce attacks. I am not surprised Microstrategy is still buying because the firm has the backing of someone who believes in the potential of Bitcoin. People keep asking if it is too late to buy Bitcoin, but I think this news is a good response to them that it is never too late because Bitcoin has so much future potential.

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Does anyone intend to hodl Bitcoin forever? I think Bitcoin investors will sell the coins when they get to the predicted price in the future. Every investor intends to make a profit, hence it is not out of place for Microstrategy to sell and make money in the future.

[BenCodie]

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

This is a completely valid concern, and the worst part about the accumulation is that it has been done via debt instruments as well, which gives MS an unfair strategy over other investors...

What do you think?

Unlike Elon Musk who has been inconsistent in his support of Bitcoin, Michael Saylor is a strong believer in the cryptocurrency. He has been one of the vocal voices speaking up for the sector even in times of fierce attacks. I am not surprised Microstrategy is still buying because the firm has the backing of someone who believes in the potential of Bitcoin. People keep asking if it is too late to buy Bitcoin, but I think this news is a good response to them that it is never too late because Bitcoin has so much future potential.

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Does anyone intend to hodl Bitcoin forever? I think Bitcoin investors will sell the coins when they get to the predicted price in the future. Every investor intends to make a profit, hence it is not out of place for Microstrategy to sell and make money in the future.

When raising debt in order to buy Bitcoin, no, of course no one can hold Bitcoin forever. What MS and MS (funny, Micro Strategy and Michael Saylor - same initials) are doing is leveraging debt to accumulate more Bitcoin. This guarantees the sale of Bitcoin at some stage. Sure, the amount of Bitcoin sold to repay the debt may be minuscule in the future, however it also depends on market timing. If the debt is due at a detrimental time, Microstrategy could be hurt severely.

If no debt was involved, there's actually no reason for anyone to sell if there is no pressure to. There might very well be no need for fiat in the future world, so Bitcoin could become preferable over fiat in the long future, Bitcoin's ex-changeability to a payment-focused altcoin or technology could be the way to move from store of value (bitcoin) to daily transacting (new payment-focused/cash technology) in the future.

[rat03gopoh]

Don't trust them. They will sell their bitcoins in future.

Yeah they'll sell when the time comes, just hope they'll be in a bad mood to announce their sale in public. However, the sale wont be in one round considering the large liquidity requirement to cash it. Unless MS intends to buy real goods with it in the future, say a prospective city in the Middle East.

[Mia Chloe]

Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.
What do you think?

Well it doesn't work like that.
The clause;  "invest what you can afford to lose" has a very vital impact in the actions investors take , especially those in the crypto space. We know Bitcoin can be trusted to a very high extent giving its performance over the years. However as an investor we should never ignore the fact that it is still a crypto currency. Therefore "invest what you can afford to lose" acts more like a fail safe , or backup plan for investors in the crypto space.

Investing more than you can afford to lose sometimes comes with a whole lot of profit in the end but it is also accompanied by great risks.

Don't forget to keep your keys safe

[DapanasFruit]

Well, there is nothing to worry about as I am now broke got no more money that I can use to buy Bitcoin. We are talking here of an organization with a lot of resources...this is a big whale...so there is no use to also use the strategy Microstrategy is using though of course if one has the money then it would be good to buy more and more as BTC is poised to achieve - in most probability - a new ATH in 2024...and there is a big chance the price can even go beyond $100K. Now this is just speculation, for sure do not trust me or anyone else.

[Cookdata]

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Microstrategy is a software and cloud-based company in US and all the Bitcoin you are around is owned by the company and not Micheal. According to some latest report, Micheal Saylor in person has about 17,732 and Microstrategy as a company has a total of 189,150 as last reported, I'm not sure if Micheal acquisition of personal Bitcoin has increased but he doesn't own all the Bitcoin. However, he owned about 24.2% share of the company which makes him the biggest shareholder and that is why he is representing the company and always agitate for bitcoin adoption.

What I fear is the rate at which they buy bitcoin and take all the bitcoins from weak hands and a time will come when the bitcoin community will be weak, all the power will be shifted to the institutional investors because they are holding large junks of bitcoin. Now imagine the total circulation, if 60% is been held by this group of people, are we going to have a say on how decentralized the Bitcoin network will be, I don't think so because by then, they will want to be in control of their investment and not with some boys that claim tech guru.

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.
[/quote]

He is the only one buying and holding, we have many of them who are secretly buying without making noise, now imagine if all of them decided to do what they like? You really want to trust a man that has billions invested in Bitcoin and you expect him to think like a typical person? They will sell when they want, remember that Elon was more bullish than he is right now but what happened in the end, he flipped his followers and sold more than 70% and went to face his cyber trucks.

[nelson4lov]

Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.

The fact that you aren't worried means that a lot of things have gone wrong already. I know it used to be the wishes of Bitcoin enthusiasts for Bitcoin to start getting recognized by the big players like Microstrategy but it has it downsides. Bitcoin was originally created to be an open and distributed network but it won't be if a large chunk of the supply is controlled by big corporations like Microsoft, Grayscale, etc. Even Telsa sold their bitcoin when they felt it was right and caused turbulence in the market.

As more and more big players acquired more bitcoins from the smaller users, they'd drive the price so high that it'd because a rich person thing.

[so98nn]

The continuous accumulation is necessary but it also matters at what price it is getting bought. I have read various users talking about it and even I am also following the same since couple of years: the DCA. Thats the technique most of the investors use and the effect is even better if assets are bought in the bulk. Now when it comes to microstrategy things are obviously in the millions of dollars. So even a slight change in the market price can easily make them huge profits. If you study these financial institutes then they have upper hand of moving the market or at least stimulating it due to their mega purchases. Thats what happening here and yes let us not get carried away with this purchase. Better focus on DCA with our small purchases.

[LogitechMouse]

What do you think?

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker.
https://saylortracker.com/

They get approximately 38% ROI and in value, their estimated profit is $2.2B.

At some point, they will sell for them to secure their profit.
I mean they're investors in the first place so why do people look at them like their bad already because they're selling their Bitcoin holdings?

Tesla also sold their Bitcoin holdings, and it didn't have that much effect at all on the crypto market. What do you expect? They will hold it forever? Only a stupid investor will think that way LOL. Those who are saying that they will hold Bitcoin forever are stupid because they will at some point sell their holdings and so does Microstrategy.

Microstrategy continues to buy because they're capable of it, and they believe that investing in Bitcoin = profit for them. What's the big deal?

[ColdLava40]

What do you think?

Don't trust them. They will sell their bitcoins in future.

They are a strong investor and strong hodler but they will sell bitcoins in future.

Indeed, they are very strong when it comes to Bitcoin holding, by selling their Bitcoin in the future, is there a probability that the market would be affected, resulting to a decline in price?.

[ColdLava40]

Since their start in August 2020, Microstrategy has bought a total of 189,150 BTC. It's certainly uncertain if Michael Saylor is slowing down soon, given his understanding of the importance of long term investment in Bitcoin. Microstrategy's current Bitcoin accumulation worth over $5B,

If we are to work with the figure you just gave above as the total amount of Bitcoin Microstrategy currently has @ 189,150 BTC, then I think with the current price of Bitcoin at $43,100 per BTC, then it's accumulative worth is actually more than $5B, as it's currently up to $8B (i.e 189,150 x $43,100 = $8,152,365,000). Hence, this should be a sign for us all to keep accumulating ours just as Microstrategy has done theirs, if we really wants to reap good profit after the price of Bitcoin start skyrocketing after next year's halving.

Of course. Continuous accumulation of Bitcoin should be encouraged individually no matter how small it is. Microstrategy shouldn't be the only investor making profits during the coming events in 2024.

[CryptoHeadlineNews]

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Microstrategy is a software and cloud-based company in US and all the Bitcoin you are around is owned by the company and not Micheal. According to some latest report, Micheal Saylor in person has about 17,732 and Microstrategy as a company has a total of 189,150 as last reported,

Don't you think by this statement, it's just like saying "Electric Motors" is owned by Tesla and not "Elon Musk", how does that sound in your ear? Because that's the exact scenario you are trying to portray here, because we all already know that it was he Michael Saylor who founded "MicroStrategy" a software analytics company, together with his fraternity brother "Sanju Bansal" in 1992, which since then he has been the CEO and now Chairperson of the company, and as such, I doubt if there will be any bitcoin lover who will agree with you that Michal has just only owns 17,732 and not 189,150.

[hatshepsut93]

Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same.

What do you think?

There's another way to get into Bitcoin - a lump sum investment. This is for those who have a lot of money or wants to liquidate other assets and invest in Bitcoin. For them there's no reason to buy Bitcoin slowly unless it's in a bear market and the price is expected to keep falling. But we are in a bull market so it's impoartnt to get coin asap and maybe even be ready to sell them soon and buy back after the new bear market starts.

[coolcoinz]

Great news, I love Saylor's dedication and I hope his company succeeds.

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Try to get it before the price explodes. Once ETFs get an established position among investors, which will take up to a year, most of us, people with normal gobs and average wages will never be able to afford 1 bitcoin. You'll look at the past with regret thinking about the good old days when you could sell your house and buy a few bitcoin, or save up for a year and buy one.
I suspect that in 2025 selling an apartment won't allow you to buy a whole bitcoin, unless it's located in one of the most expensive places like London or New York.