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

[ColdLava40]

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.

This is becoming scary already. Don't you think that it would have sound more safe if there are top companies or individuals who also have large amount of Bitcoin as Microstrategy ?.

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.

I guess we must have said the same thing for Elon musk before he sold his Bitcoin. We can't really trust anyone since they can't held accountable for selling their Bitcoin.

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.

From your point here, I think we might even start to experience Bitcoin scarcity before the mining process comes to an end. When majority of the Bitcoin keeps going to certain hands, then there is something to be scared of.

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.

No one is actually stating that they will hold forever. And besides, you can't compare Tesla's accumulation to what Microstrategy has done over the years. Only a speculation about microstrategy selling their Bitcoin can impact negatively on the market.

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.

Well, this shouldn't be a debate at all. Micheal saylor happens to be the co-founder of Microstrategy, so every purchased made is describe as Microstrategy's property. Addressing as Michael saylor's purchase isn't a bad idea either, but note that it belongs to the body that makes up microstrategy.

[3kpk3]

That's easier said than done op. Buying an entire BTC these days is difficult and only some people can afford to do that. Most people including me accumulate parts of BTC and sell it in the short-term for quick returns.

Very, very few have the patience and guts to HODL their BTC stash for a long, long time primarily thanks to the extreme volatility of this market.

[thecodebear]

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.

He doesn't own it. His company does. That's a very different thing. Anyway there's nothing wrong with someone (or some company) being smart and accumulating a lot of Bitcoin. Just like anyone his company is free to purchase as much Bitcoin as they want. And it'll get harder and harder for them to purchase Bitcoin as the price rises.

[thecodebear]

That's easier said than done op. Buying an entire BTC these days is difficult and only some people can afford to do that. Most people including me accumulate parts of BTC and sell it in the short-term for quick returns.

Very, very few have the patience and guts to HODL their BTC stash for a long, long time primarily thanks to the extreme volatility of this market.

I think you greatly underestimate how many people hold long term. There are many millions of us. Just because you for some reason sell for short term gains doesn't mean that's what everyone does or is what people normally do. HODL has been a major meme with Bitcoin for many years so its a very normal thing to hold Bitcoin for the long term. I'd recommend being more like the rest of us and start to accumulate Bitcoin long term rather than just selling anytime you've made a profit. That's just called trading. You can trade, but you should also being building long term holdings like most people do.

[pinggoki]

That's easier said than done op. Buying an entire BTC these days is difficult and only some people can afford to do that. Most people including me accumulate parts of BTC and sell it in the short-term for quick returns.

Very, very few have the patience and guts to HODL their BTC stash for a long, long time primarily thanks to the extreme volatility of this market.

I disagree with a few in terms of people that can HODL bitcoin for a long time, it just might look like there's a few because they don't really say too much that they're hodling for a really long time because they're not that worried about what you're going to say and it's not really our business to know who's a diamond hands or not. That volatility that you're so scared about is actually a good reason as to why people are still accumulating, they can buy bitcoin whenever they want and they won't worry too much about not being able to buy again because the price is going to go down anyway due to the volatility of bitcoin.

[Kakmakr]

They have been doing this for years now, against the advice of their competitor in the Fiat financial system, so I hope this pays off for their shareholders, so that they can silence their critics. 😋👌

They still have their "software" company, but "Bitcoin" has become their "core" focus now, so they are realy risking it all on Bitcoin.
Bitcoin has out performed all other financial investment options this year, so they are doing very good with their Bitcoin project.

[3kpk3]

I think you greatly underestimate how many people hold long term. There are many millions of us. Just because you for some reason sell for short term gains doesn't mean that's what everyone does or is what people normally do.

I disagree with a few in terms of people that can HODL bitcoin for a long time, it just might look like there's a few because they don't really say too much that they're hodling for a really long time because they're not that worried about what you're going to say and it's not really our business to know who's a diamond hands or not.

I think you guys are grossly overestimating the number of long-term HODLERS. Anyone with a half-decent brain knows how tough it is to HODL in the long-term which is why they are a minority when compared to the majority who are short-term HODLERS.

This is pretty much a known fact and it doesn't really matter whether ya'll agree or not. Think!

[adaseb]

He has a pretty smart strategy. Basically offering shares in exchange for capital which he uses to buy more bitcoin.  I think he upped his buys because he used to buy $500M every 2 months but he bought over $1B in the last month I think.

I am guessing he knows the etf will be approved and the price will go vertical and it will be the end of his accumulation. I don’t think he wants to buy the top again and ruin his average like last time.

Hope he doesn’t sell his stash soon however.

[bayu7adi]

Many Bitcoin holders feel elated when large institutions buy substantial amounts of Bitcoin. It's like adding confidence for all Bitcoin holders that storing BTC will be safe in the long run. Whales joining in also signals that retail investors are on the right track.

But remember, every investor can sell their BTC assets at any time, and will Bitcoin holders still be happy with that decision? I doubt it. There will be a bearish market at that time, causing many to panic and sell their assets. What's unavoidable is that some of them will sell at a lower price than their purchase price.

Please be mindful of that too. Don't celebrate prematurely because we don't know what the big players are thinking.

[The Sceptical Chymist]

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.

Because not all of us are wealthy, not all of us even have enough spare money to invest in an amount of bitcoin that's likely to make a difference in the future (and that's assuming it hits $100k or higher).  And most importantly, Saylor isn't using his own money to make these purchases with as far as I know; he's using Microstrategy's money.  I'd say 99.999% of members here don't have enough control over a business such that they can use its coffers to invest in bitcoin.

And man, I figured the last time he bought bitcoin wouldn't be his final purchase.  I'm just wondering how much he's eventually going to acquire.  I also wonder how he's buying it, whether it's on exchanges or through some behind-the-scenes deal so as not to move the market.  I don't know if that's ever been disclosed.

One other thought, which I've expressed before, is what happens if and when MSTR needs to liquidate a substantial amount of the bitcoin they have.  I don't know if it's enough to drop the price or not, but it certainly isn't a small number of coins they own.

[khiholangkang]

I feel incapable if I have to do the same thing as Saylor, and my bitcoin is just a bunch of dust that even to get to the accumulation of 1 BTC is very difficult.

But even so I also don't want to lose to Saylor, even though my purchase is small, but I am collecting bitcoins for myself too, it would be great if I could sell bitcoins at a higher price than the price Saylor chose to take profits, this sounds funny, but I am quite burning in the accumulation of bitcoins in 2023 for a brighter 2024.

The lower buying price I did from the microstrategy buying price, it was a revelation for me, I think you are the same.

[benalexis12]

Most of us here in the community can accumulate but cannot invest a huge amount of Bitcoin. Maybe even with just one bitcoin, most of us here will not be able to do anything, or it will be rare among the communities here on the forum platform to be able to buy at least one bitcoin.

But we have a lesson that can be learned from them, because if big companies or famous people accumulate a large value of Bitcoin, how much more can we just ordinary people who, even with just a coin amount, can still accumulate Bitcoin or another cryptocurrency?

[Aanuoluwatofunmi]

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.

You're right, there's nothing bad even if we can't get to that stage microstrategy was, we can also make use of our own little potential to invest the capacity we could afford and hodl, bitcoin is known to be a profitable asset of investment, there's more to discover about bitcoin and we shouldn't believe in the circular that is going through the social media about bitcoin being accumulated by microstrategy and turned centralized, that's impossible, a currency cannot be hold or controlled by a single entity, not even when it's a decentralized digital currency like bitcoin, we can take confidence in this alone and make the actual capacity of what we can also Invest right before the bullrun started.

[Dimitri94]

Microstrategy has been buying Bitcoin regularly since 2020 and many other small and large firms like it are trying to grow their Bitcoin portfolio. Anyone who is more or less buying bitcoins according to their means will multiply their wealth in the coming bull market. We also know of the country of El Salvador who are probably buying bitcoins regularly even though their portfolios are not very large but they are trying. Although there is no official announcement, they might reveal that in the future particularly when bitcoin reach to high.

We often say that in the future only institutional investors will be able to buy Bitcoin, which is evidenced by such cases. There may be many other companies like Microstrategy that are collecting Bitcoins but they are not making any official announcements. For those who believe in Bitcoin and envision holding Bitcoin, this may be the right time. There are some institutional investors who have very large Bitcoin portfolios. Last year we heard a lot of companies that were looking forward to growing their Bitcoin portfolios.

Tesla
Galaxy Digital Holdings
Block, Inc
Voyager Digital LTD
Marathon Digital Holdings Inc
Riot Blockchain, Inc ‍and many more.

[yazher]

That's the best strategy you could have when investing in bitcoins because we cannot afford to take the risk like others have done where they sold their houses just to buy bitcoins and live in a tent for the rest of their life or until the bitcoin price will increase drastically. this is extreme and we don't want this kind of behavior, what we need to do is to continue buying it, especially when the price is low and we don't want to listen to any FUDS but we only have the patience to hold it until the day the price of bitcoins explode again.

[KiaKia]

Carrried away by what? That Microstrategy bought some Bitcoin? It doesn't matter, this doesn't mean Bitcoin won't dump anymore and it also doesn't clear that ETF can't get dissapproved in January, but after everything, Bitcoin is still Bitcoin and it will do what its needed to do.

No one should be carried away by what these people are doing, because it doesn't matter, yesterday I say a news where cathie wood claimed to have sold all her Bitcoin, like she knew something is about to happen, but I still don't care, because I am in for the long run.

There is no cause for alarm if your plan is for the long run, bull market will happen at the right time.

[moneystery]

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.

you have to differentiate between an individual and a company. michael saylor is only a top official at microstrategy, there are several other top officials who have an interest and influence on the company's decisions. so if you say that michael saylor owns the bitcoin, you are wrong, the one who owns the bitcoin is microstrategy which was purchased with investors' and company money. so when michael saylor wanted to sell the bitcoin, he had to get approval from microstrategy officials and investors.

but it is possible that microstrategy sells their bitcoin in the future, as tesla did some time ago. however, it is possible that they did not sell all their assets, only a few percent to get a profit to develop their business or for other reasons, and that is very understandable considering that they are a company that invests in bitcoin for profit

[DeathAngel]

Saylor is relentless isn’t he, he/MSTR will not stop until he/they own at least 1% of all the Bitcoin that will ever exist. They are not far away from that milestone already, such an incredible feat. At one stage they were at a large loss in unrealised ROI. Now though they are massively in unrealised profit. In the words f the great man himself, ‘there is no second best’ , ‘it’s going up forever.’

[salad daging]

Get carried away because of what? Is it because Microstrategy buys we have to follow it, isn't that a good idea for those of us who are active on bitcoin? Unless Microstrategy sells all the bitcoin it has then we can say don't get carried away.

I did the same thing that Microstrategy did but they did it in large quantities but I did it in small amounts but the accumulation will continue by means of the DCA method and that is one of the things that has been done to date to accumulate more bitcoin.

I will not be surprised if many institutions make millions of dollars in purchases, what we think about how to do that without looking at others while we just focus on what we can afford to spend on bitcoin.

[Lucius]

~snip~
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?

Do you think anyone is still reacting to what Saylor is doing? If you look at history, maybe the first purchase had some kind of FOMO effect, but everything after that passed almost as if it never happened. Saylor, unfortunately, is not someone to whom the masses worship, as is the case with Mr. Mars or someone from his category.

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.

What does trust have to do with this case? Saylor is an entrepreneur who invests in Bitcoin for profit, as most ordinary people do. It is completely irrelevant whether and when he will sell all or only a part, because every day approximately $20 billion worth of BTC is traded and this is a completely legitimate thing. We cannot say that the one who buys is good and the one who sells is bad, that simply does not make sense.