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Author Topic: Why is Microstrategy vilified by some?  (Read 831 times)
NotATether (OP)
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November 28, 2024, 01:32:45 PM
 #1

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.

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November 28, 2024, 01:37:27 PM
 #2

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.
Losers vilify winners, and it's basic human instinct, not only this Bitcoin market, and not only happen with Michael Saylor.

I only feel so pity for people who don't want to join the party that is opened for them, and use as many chances as possible to attack successful people like Michael Saylor. He takes risk, he is determinant with his investment vision and plan, and most important he does not do anything wrong with other people who are outsiders of Bitcoin market.

If people saw the party but by their own reasons, ignored chance to join it, it's their responsibility for their failures, not because of Michael Saylor.


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November 28, 2024, 01:50:34 PM
 #3

The ones criticizing usually come from the traditional investment world, probably because Saylor keeps calling them out too. To be fair, what he’s doing is super risky, he’s going all in on Bitcoin, like converting company shares into Bitcoin, borrowing money just to buy more, basically doing everything possible to boost his stake in the Bitcoin market.

But that’s his strategy, and people invested in his company because they trust his moves. And I think we we’re in the Bitcoin space too, shouldn’t we back him up? What he’s doing creates FOMO, and FOMO means a bullish market. Isn’t that exactly what we all want?

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November 28, 2024, 01:59:45 PM
 #4

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.

My personal opinion is that haters will always hate everything a successful individual gains. There is nothing wrong with what they are doing [Microstratergy] but the problem arises when there is a competitor involved to create a negative atmosphere. I am assuming that this is a phase that Michael Saylor has already faced when he was questioned previously about his intentions to buy Bitcoin he said it was for the greater cause of the community and all others.

He is doing what he sees best for him and his organization. He is one of the first entrepreneurs who believed in Bitcoin and now his beliefs made him one of the biggest holders of Bitcoin. Some had accumulated Bitcoin in the initial days, they are now the biggest competitors of his company as he won't be able to overthrow them with the quantity.

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November 28, 2024, 02:03:03 PM
 #5

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.

Some people really don't like people who are succeeding, if you are doing bad some set of people will love you and some will hate you and when you are doing good some people will love you and some people will hate you, no matter what you do in this life some people will talk bad or good about you.
Michael Saylor is taking his own risk and with the way Bitcoin is going it's paying off for him so anyone not liking him is his own business.
Some set of persons are just too bitter they see progress and call it failure and just like you said majority of people doing this to Michael Saylor are Bitcoin hodlers like him they are just bittered about the amount Michael Saylor is using to accumulate, not like Michael Saylor or writing bad about him won't stop his progress.

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November 28, 2024, 02:40:14 PM
 #6

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.
Maybe they are scared that he would have influence over the market. It is possible that people are concerned that if he successfully acquires a large amount of Bitcoin he would have influence thereby having the capacity to manipulate the market.

Others might be jealous of his success. The amount of Bitcoin Michael Saylor has acquired within a short period can attract haters.

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November 28, 2024, 02:40:58 PM
 #7

Although I don't hate Saylor and admire his Guts in buying Bitcoin even at the Top.
But I think most are concerned that an individual/institution holds such amount of Bitcoin and in case of MSTR whose shares are based on debt leveraged.
If investors starts selling their shares, they would have to start selling their holdings too.
Though The impact is going to be for a short term.
Not to mention, Saylor Promotes Bitcoin more as a store of value
So those that still hold to the belief of Bitcoin as a medium of exchange than store of value wouldn't take positive with that .

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November 28, 2024, 02:42:32 PM
 #8

Some people don't like him because he speculate Bitcoin price that doesn't seems achievable, he predict Bitcoin will reach $350K in the end of 2024.

Some people don't like him because he bought a lot of Bitcoin and he could manipulate the market.

I didn't see any more reason from holders to hate him, probably it's personal hate.

The ones criticizing usually come from the traditional investment world, probably because Saylor keeps calling them out too.
They're belong to no-coiners which mentioned by @OP, definitely people who don't hold Bitcoin are mostly against Bitcoin.


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November 28, 2024, 02:51:41 PM
 #9

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.
When "your neighbor" buys an asset that is constantly going up in price, and you just whine, sitting on the couch drinking beer and calling bitcoin a scam-pyramid that will definitely collapse tomorrow, then such a "neighbor" a priori can't be liked by others.

No matter how everyone criticizes (out of envy) Microstrategy, Microstrategy continues to accumulate bitcoins despite the opinion of "well-wishers". It seems to me that they give a good lesson to everyone: ignore the surrounding noise and stick to your goal.

Keep walking, Microstrategy.

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November 28, 2024, 02:52:10 PM
 #10

Some people don't like him because he speculate Bitcoin price that doesn't seems achievable, he predict Bitcoin will reach $350K in the end of 2024.
But seriuosly, did he mentioned that?
Last time I check, his prediction was only $100k by the end of the year, in fact theres a news that came out about that.

Michael Saylor Predicts Bitcoin Will Hit $100,000 by Year-End

The ones criticizing usually come from the traditional investment world, probably because Saylor keeps calling them out too.
They're belong to no-coiners which mentioned by @OP, definitely people who don't hold Bitcoin are mostly against Bitcoin.
I stand corrected on this one, my gosh.(poor comprehension. )  Smiley

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November 28, 2024, 03:00:52 PM
 #11

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.
I have not actually seen such bad posts about Michael and his team but what I do know is that such is possible because envy and jealousy are two words that will never leave humans. If not of that, why would someone who love bitcoin hate on someone who have been an integral part of the journey of the successes recorded by bitcoin. We cannot deny the fact that those buys from Microstrategy contributed in one way or the other in strengthening the mind of HODLERs and by extension, bitcoin itself. Many people also got the motivation to start investing in bitcoin massively following the successes recorded by Michael Saylor and Microstrategy.

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November 28, 2024, 03:11:48 PM
 #12

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.
I think HODLers are paranoid of the day, Microstrategy may choose to sell high numbers of their bitcoins and even have a sense of censorship of the market based on how they are accumulating more bitcoins. But I think there are little to no worries in the long run for this based on this thread, When will Michael Saylor and MicroStrategy sell BTC?

 
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November 28, 2024, 03:21:27 PM
 #13

Because no one likes everyone, no matter how smart, good person or whatever you are. Everyone has detractors, and when it comes to someone who has been successful, even more so.

The guy has revolutionized business management by being the first to propose the profitability of his company in bitcoin, and not in dollars or in the corresponding fiat currency, which looks like it will be studied in the history of economics and finance in the future. The mediocre can't stand that.


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November 28, 2024, 03:36:08 PM
 #14

If nobody talks about you, then you are nobody. When people are talking about your actions negatively because you are focused on achieving your goal, you should know that you are doing the right thing. Micheal Saylor has a plan in future on what he wants to use all the bitcoin he is buying to achieve, which is why people are criticizing him because they know that in future, he will outsmart all traditional investors with his bitcoin holdings, so they are jealous. This was how Bukele was also criticized by the media in 2021, when he started buying one bitcoin every day with DCA to keep as El Salvador bitcoin reserve. Enemies of progress are everywhere, unknown to you.

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November 28, 2024, 04:11:52 PM
 #15

The work that Michael Saylor has done is very commendable, because he has accumulated the best coin Bitcoin of the present time. When a person wants to be successful and other people are jealous, those who criticize Saylor are basically donkeys. He has purchased the most Bitcoin in this month of November, and he will buy more because he is very happy to predict the future, his total Bitcoin accumulation is 386700 bitcoins. People cannot tolerate such success, so they criticize.

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November 28, 2024, 04:26:09 PM
 #16

If nobody talks about you, then you are nobody. When people are talking about your actions negatively because you are focused on achieving your goal, you should know that you are doing the right thing. Micheal Saylor has a plan in future on what he wants to use all the bitcoin he is buying to achieve, which is why people are criticizing him because they know that in future, he will outsmart all traditional investors with his bitcoin holdings, so they are jealous. This was how Bukele was also criticized by the media in 2021, when he started buying one bitcoin every day with DCA to keep as El Salvador bitcoin reserve. Enemies of progress are everywhere, unknown to you.

I think you nailed it - in some distant future, hate for Saylor would still be there, albeit it would be less of it and more because of people being jealous (even more than now), rather than thinking he is a madman or something.
I wouldn't be surprised if there would be whole campaigns to discrete him or his company for that matter.
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November 28, 2024, 05:26:27 PM
 #17

If nobody talks about you, then you are nobody. When people are talking about your actions negatively because you are focused on achieving your goal, you should know that you are doing the right thing. Micheal Saylor has a plan in future on what he wants to use all the bitcoin he is buying to achieve, which is why people are criticizing him because they know that in future, he will outsmart all traditional investors with his bitcoin holdings, so they are jealous. This was how Bukele was also criticized by the media in 2021, when he started buying one bitcoin every day with DCA to keep as El Salvador bitcoin reserve. Enemies of progress are everywhere, unknown to you.
That is just human nature, those people know that even if they were on is shoes, it is likely they will not have the guts to pull this kind of move, so in a way we need to take those statements as those people expressing their discontent with themselves, as a long term holder with a small stash that is completely convinced about they are doing either does not care about what Saylor is doing, or instead holds him in high regard and admires him for all the bitcoin he has bought despite the criticism he has received.
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November 28, 2024, 05:45:22 PM
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 #18

I've posted numerous times in the bigger-than-big thread about MSTR and their BTC purchases (and Jesus, I didn't realize said thread was that old until I looked for it just now), and probably up until my last two posts or so I've kept a skeptical stance despite being lambasted by a certain outspoken member of the community.  I don't know why anybody here would vilify the company or Saylor per se, unless they see him as the equivalent of a bitcoin carnival barker.

That's the thing, though.  Michael Saylor might be hyping up bitcoin a little too much given that his company holds so much of it, and to that extent it might be questionable on his part to do so--but what I see mostly is a guy who truly believes in bitcoin and puts his money (or his company's at least) where his mouth is and views it as what it was intended to be from the get-go, a form of money.  He's definitely not just gambling on a moonshot and then a cash out like so many members here both past and present have done.

I mentioned in the big thread that MSTR shareholders might have a problem with Saylor should bitcoin cause the company to lose money, but at this point I'm thinking that if that hasn't happened yet it probably never will, especially since MSTR stockholders know (or should know) that the stock is nearly a proxy for owning bitcoin outright.

Eh.  Haters gonna hate.

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...SOL.....USDT...
...FAST PAYOUTS...
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...TON...
hero_the_bossman
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November 28, 2024, 05:46:19 PM
 #19

If nobody talks about you, then you are nobody. When people are talking about your actions negatively because you are focused on achieving your goal, you should know that you are doing the right thing. Micheal Saylor has a plan in future on what he wants to use all the bitcoin he is buying to achieve, which is why people are criticizing him because they know that in future, he will outsmart all traditional investors with his bitcoin holdings, so they are jealous. This was how Bukele was also criticized by the media in 2021, when he started buying one bitcoin every day with DCA to keep as El Salvador bitcoin reserve. Enemies of progress are everywhere, unknown to you.
That is just human nature, those people know that even if they were on is shoes, it is likely they will not have the guts to pull this kind of move, so in a way we need to take those statements as those people expressing their discontent with themselves, as a long term holder with a small stash that is completely convinced about they are doing either does not care about what Saylor is doing, or instead holds him in high regard and admires him for all the bitcoin he has bought despite the criticism he has received.

Ordinary people wouldn't be able to do what Saylor is able to do if we are talking about the volumes of funds flowing in - but they can be bitcoiners too.
It's not the thing to criticize Michael, in my opinion - after all, he may be seen as an example for others.
avikz
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November 28, 2024, 05:46:39 PM
 #20

Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.

People are scared over the growing dominance of Microstrategy into the cryptocurrency market. But I don't think anyone is bashing Michael Saylor personally. people are worried about too much of corporate cash flowing into the crypto market. Cryptocurrency should stay with the commoners like us. if corporates start buying into this market, it's just a matter of time they will gain the complete control of it. I believe that's what people are worried about.

A lot of corporates are sitting on a pile of cash which they can indeed invest into various assets. Microstrategy has shown the way and there's no guarantee that other corporates will not join the bandwagon. I am sure you wouldn't like corporates controlling the majority stake of the crypto market in future.
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