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Author Topic: MicroStrategy acquires an additional 9,245 BTC with excess cash(@$67,382)  (Read 153 times)
Frankolala
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March 20, 2024, 02:50:07 PM
 #21

Do you think it is the correct strategy to buy more BTC and HODL?
Of course yeah, no amount of wealth will make anyone satisfied, and that is why you see that even the rich are still looking for more money. If you look at the bitcoin in MicroStrategy custody, you will see that it has generated a huge amount of profit, and no one needs to tell Michael Saylor about the compounding value of bitcoin during the hodli period. If only new investors can understand the future of bitcoin, they will always buy whenever they can either bull or bear season.


They did try to buy the dip but it has dipped further.
MicroStrategy is not a day trader or a short term investor, so whatever amount of bitcoin that the company buys at Xprice will generate profit over time, and we are still hoping to see the higher price of bitcoin in this circle by next year. Which some speculations are on 200k.

Will we see another ATH soon? How long would you HODL if you were in MicroStrategy's position?
Yea,definitely. We will keep on seeing new ATH in every circle. I am not MicroStrategy, but the little bitcoin that I have will be part of my life.

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March 20, 2024, 05:04:33 PM
 #22

As of 3/18/24, $MSTR holds 214,246 $BTC acquired for ~$7.53B at an average price of $35,160 per bitcoin.
We can only thank these guys for believing in bitcoin (or thirst for profit) and continuing to support (and financially) this cryptomarket. With their holding, they set an example for other institutional investors.

With BTC going down still, currently at $63,700.
This temporary price drop may continue below the ~$63k level, but it was inevitable. Did everyone really think that growth would be constant? There is no growth without correction, and that’s what we saw.

Do you think it is the correct strategy to buy more BTC and HODL?
Does MicroStrategy  ask any of us about this (investment advice)? Smiley

So far, this strategy has worked. So why ask about this?

They did try to buy the dip but it has dipped further.
Shit that happens.

Will we see another ATH soon?
Sooner or later, we'll see.

How long would you HODL if you were in MicroStrategy's position?
It looks like these guys play long game, otherwise they would have gotten rid of bitcoins already.

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March 20, 2024, 05:11:17 PM
 #23

As of 3/18/24, $MSTR holds 214,246 $BTC acquired for ~$7.53B at an average price of $35,160 per bitcoin.
With BTC going down still, currently at $63,700. Do you think it is the correct strategy to buy more BTC and HODL? They did try to buy the dip but it has dipped further. Will we see another ATH soon? How long would you HODL if you were in MicroStrategy's position?

Big corporations are really to the common retail investors of Bitcoin. With their deep pocket, they can anytime sale hundreds of Bitcoins to bring down the market, and by similar volume of Bitcoins push the market to the next level. Not ideal and this is definitely not what satoshi has envisioned.

Unfortunately the way institutional investors have entered the market, there's no going back. Retail investors like us will always be at the mercy of this big corporates.

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