Why is Microstrategy vilified by some?

[Popkon6]

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.

Basically, those who have not entered Bitcoin will not be able to discuss Bitcoin holders properly, because they do not know that Bitcoin is currently ruling the world. There is a type of people who get jealous and angry when they see people's success, just like Saylor is currently at the top of the most successful people through Bitcoin holding. Because he is constantly buying Bitcoin, the only real proof that the title of the most successful person is possible through Bitcoin is Michael Saylor.
Not only good people live in this world, but there are many types of people in this nature who criticize people's success jealously, I think Michael Saylor does not care because some people can criticize. Behind his success in Bitcoin is the most patience and he has achieved the most success by using knowledge and strategy.

[tread93]

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.

Hmm seems off to me maybe you’re seeing some misinformation? Saylor is hailed by most Bitcoiners I’ve found and he even appears on some popular trading cards that are crypto themed or course as a complete bad ass. Saylor is perhaps one of the largest Bitcoin bulls there is.

[Dave1]

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.

Hmm seems off to me maybe you’re seeing some misinformation? Saylor is hailed by most Bitcoiners I’ve found and he even appears on some popular trading cards that are crypto themed or course as a complete bad ass. Saylor is perhaps one of the largest Bitcoin bulls there is.

I guess it is still 50/50, for us Bitcoin enthusiast, we see him as one of the most popular personalities that we have in recent years, after let's say John McAfee (RIP), although John has a total different aura and personality that Michael Saylor himself.

On the contrary, those who hate or vilified by some Bitcoiners might be because he is buying everything and we are left with some dust amount that we have to divide ourselves, making it very difficult to buy Bitcoin specially at the rate of the current price as it could still go up next year 2025. But in overall, Michael Saylor has made a good decision to make a U-turn and be a Bitcoin maximalist.

[Outhue]

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 feel excited and scared at the same time, not for me but for Michael, because I am sure that the bears will always haunt Bitcoin forever, the volatility will be lower for sure but the higher the amount you invest the more damage you will take when a small percent is off the BTC value, let's say just a 10% loss will be significant for anyone that invested millions of dollars in BTC.

I don't know what 2026 will look like but thats another bear market period, I hope he is ready for this, but one thing is sure, the bulls will always be back, Michael have been around for long now, I am sure he won't be surprised when the bears hit, because it is only a matter of time before BTC makes another all time high price again.

A long term holder is never a loser in this space, if he understand this then he will be the smartest investor in the future.

[NotATether]

You measure the support or lack of it towards someone by messages on telegram channels? That's cute.

You can also find plenty of Saylor-haters on Nostr, Stacker News, and even on X/Twitter.

Hmm seems off to me maybe you’re seeing some misinformation? Saylor is hailed by most Bitcoiners I’ve found and he even appears on some popular trading cards that are crypto themed or course as a complete bad ass. Saylor is perhaps one of the largest Bitcoin bulls there is.

Not misinformation mate. There are cypherpunks and even ex-bitcoin developers out there who don't like him (that does not include me by the way. Personally I couldn't care less about it but I brought this up because we're seeing a divide in people's opinions on whether Bitcoin should be used as P2P money or as an investment vehicle).

[FortuneFollower]

You measure the support or lack of it towards someone by messages on telegram channels? That's cute.

You can also find plenty of Saylor-haters on Nostr, Stacker News, and even on X/Twitter.

As it was said - haters gonna hate.
On every platform, media, or platform in IRL: doesn't change the fact.

[Lucius]

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.

There are certainly more reasons why some do not approve of what Saylor and his company are doing. One of the reasons may be that he only accumulates BTC, which is contrary to what BTC was created for in the first place. Another thing that some still haven't forgotten about him concerns his statements in the past, which turned out to be completely meaningless and misguided.

Some people may not like him because he is from the US, and when we look at what is happening there, we get the impression that BTC is somehow becoming too dependent on one country and a few people who buy large amounts of BTC.

[coolcoinz]

You measure the support or lack of it towards someone by messages on telegram channels? That's cute.

You can also find plenty of Saylor-haters on Nostr, Stacker News, and even on X/Twitter.

I bet you can find more people saying bitcoin is a ponzi scheme on various social media than people hating on Saylor. Does that mean they're right, or that you should care about what they're saying?

[shield132]

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 do not vilify him but to be fair, I am not a huge fan of him because he plans to buy Bitcoins indefinitely and hold them forever. As I've said many times, there are billions of people on planet Earth and if we want to do good for Bitcoin, we shouldn't hold it forever, instead, we should promote Bitcoin usage. HODLed Bitcoins are lost Bitcoins, especially when Saylor says that he plans to hold them forever like Satoshi and doesn't plan to give them to the next generation. I believe that Bitcoin has to be in circulation to create new things, to create new jobs, improve the economy, improve Bitcoin adoption and popularize its usage. HODLing, especially HODLing of 1% of total Bitcoins forever and not giving them to people is not the best job in my mind.

[BlackHatCoiner]

Because some people in the space do not understand that, for bitcoin to achieve global adoption and recognition as the best reserve asset, the "enemies" of crypto-anarchism need to participate in this game as well. A useful way to conceptualize bitcoin is as a trojan horse: it must enter the existing financial system to ultimately transform it from within.

Michael has also said some dumb things like "self-custody matters only to paranoid crypto-anarchists" which is just plain stupid to claim when one of the game changers in this concept is self-custody itself.

[Ever-young]

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.

1.8% of bitcoin's total supply, which the company holds already, is enough to put fear in people's bodies even if they don't accumulate more, which we all know they still are not ready to stop.
 
They will still be able to make some shakes in the market, because just an announcement of saying, "We will likely sell off some of our holdings on a certain date," that alone without any action can put the market in panic mode, but that's not something people should be worried about.
 
The company is busy doing what they know will work well for them; those hating are busy doing their things, and at the end of the day, there will be only one winner and many losers.

[Abiky]

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.

Why do you think "hodlers" vilify MicroStrategy? Because it's a company. And a company holding large amounts of BTC, goes against Satoshi's original vision. The less BTC people own, the more power will be concentrated on a single entity. Even if network consensus is solely determined by nodes + miners. This brings inequality into the system. Wasn't Bitcoin designed as a response against the failures of centralized entities?

By putting everything in the hands of banks and corporations, Bitcoin would become no different than traditional Fiat. These players will be able to influence decisions with their money. It's said that Bitcoin Core development is already compromised, as banks are indirectly involved with donations. So there's that. Don't get me wrong. Mr. Saylor is a good person with great ambitions for Bitcoin. It's just that it doesn't feel right to have a single company own most (if not all) of the BTC. You understand me, right?

[tread93]

You measure the support or lack of it towards someone by messages on telegram channels? That's cute.

You can also find plenty of Saylor-haters on Nostr, Stacker News, and even on X/Twitter.

Hmm seems off to me maybe you’re seeing some misinformation? Saylor is hailed by most Bitcoiners I’ve found and he even appears on some popular trading cards that are crypto themed or course as a complete bad ass. Saylor is perhaps one of the largest Bitcoin bulls there is.

Not misinformation mate. There are cypherpunks and even ex-bitcoin developers out there who don't like him (that does not include me by the way. Personally I couldn't care less about it but I brought this up because we're seeing a divide in people's opinions on whether Bitcoin should be used as P2P money or as an investment vehicle).

I guess I’ve not see any lack of support for him pretty much so maybe I’ve just not seen the negative or perhaps I Ive just seen all positive and no negative sentiments towards him. He is certainly buying up quite the amount of Bitcoin! I suppose it’s better having him on the BTC team though, so many folks are against Bitcoin like Peter Schiff for example.

[NotATether]

I guess I’ve not see any lack of support for him pretty much so maybe I’ve just not seen the negative or perhaps I Ive just seen all positive and no negative sentiments towards him. He is certainly buying up quite the amount of Bitcoin! I suppose it’s better having him on the BTC team though, so many folks are against Bitcoin like Peter Schiff for example.

Yeah, better having him buy up lots of BTC than spreading FUD about it.

Even Peter Schiff is changing his tune a little bit, from what I read on his X profile.

[Lucius]

Yeah, better having him buy up lots of BTC than spreading FUD about it.

He is not someone who could harm BTC even if he talks negatively about it - because if a man invests $12 billion in BTC in two weeks and it does not have any impact on the price, then it is completely clear that for the majority it does not matter at all. The market is of course free and everyone can buy (for now) as much BTC as they can afford - but I don't think it's positive to go towards the fact that in a few years some individuals/companies will have millions of BTC in their possession - which is not only a security issue a risk, but also a risk for the price when one day one of them decides to sell everything he has accumulated over the years.

This means that one day in the future we may experience what it's like when someone dumps a million BTC on the market - and it won't be Satoshi.

Even Peter Schiff is changing his tune a little bit, from what I read on his X profile.

I doubt that, because in that case he would admit that he was wrong all along - and given that he is up to his neck in gold, such an admission would be bad for his job.

[dzungmobile]

I doubt that, because in that case he would admit that he was wrong all along - and given that he is up to his neck in gold, such an admission would be bad for his job.

Peter Schiff has his job relates to gold and he dislikes or hates Bitcoin because he sees its potential to take over a first position of gold in market cap and favorite choice of investors. Since 2009, after many years, people now can see Bitcoin is no longer risky at the same level it was created in 2009 or a few years after that. After 4 Bitcoin halvings, and four market cycles, Bitcoin now is strong and investors can see less risk if they invest their capital in Bitcoin.

Seeing less risk, while ROI of Bitcoin investment is far better than ROI of gold investment, it's really hard to don't choose Bitcoin. Peter Schiff knows all these things but to save his job, he has no other ways of attacking Bitcoin.

[legiteum]

I don't see people "vilifying" MSTR, but it's a really, really stupid investment when MSTR is trading at a 3x premium over their Bitcoin holdings. MSTR is 100% tied to Bitcoin going up in price, and if it drops a little MSTR will probably crash.

You don't have to get personal about Saylor and Microstrategy in order to make a case against buying the MSTR stock: it's just the numbers.

[Lucius]

I don't see people "vilifying" MSTR, but it's a really, really stupid investment when MSTR is trading at a 3x premium over their Bitcoin holdings. MSTR is 100% tied to Bitcoin going up in price, and if it drops a little MSTR will probably crash.
~snip~

I can't say that I am literally versed in technical matters when it comes to the share price of this company and the price of BTC - although it is quite logical that the company has completely exposed itself to the price of BTC - but Saylor has been buying BTC since 2020 and in that time we have seen very large fluctuations in the price BTC if we take into account that from $69k the price dropped even to $15k. The company survived all that and seems stronger than ever, and now you claim that even a minor drop would mean a crash for the company?

Somehow it doesn't make sense to me, although maybe the point is that the company's exposure to the volatility of BTC is much higher today than it was 2-3 years ago.

[legiteum]

I can't say that I am literally versed in technical matters when it comes to the share price of this company and the price of BTC - although it is quite logical that the company has completely exposed itself to the price of BTC - but Saylor has been buying BTC since 2020 and in that time we have seen very large fluctuations in the price BTC if we take into account that from $69k the price dropped even to $15k. The company survived all that and seems stronger than ever, and now you claim that even a minor drop would mean a crash for the company?

Yes, it didn't go out of business, but the stock went up and down with Bitcoin's price.

If you believe in Bitcoin, then just buy Bitcoin. Buying MSTR is like buying Bitcoin at a 300% premium. It's not very smart.

[aoluain]

Him buying bitcoin now doesn't mean he will be hodling forever. At any point he might decide to dump his coins on us. And its his right to do so.

I see that possibility as pretty close to 0. I am more concerned that as it is diluting its voting power by issuing more shares to buy bitcoin, and already has less than 50%, in the future a decision could be made to sell by the majority of shareholders. But for the foreseeable future that possibility is also nil. No one invests in MSTR to screw up what is the key to its success.

There is no way MS will be selling Bitcoin. He sees what the future holds and what Bitcoin offers
in terms of wealth preservation. He knows its only a matter of time before this becomes common
knowledge to those who will want it, he is getting in early.

Him buying bitcoin now doesn't mean he will be hodling forever. At any point he might decide to dump his coins on us. And its his right to do so.

I see that possibility as pretty close to 0. I am more concerned that as it is diluting its voting power by issuing more shares to buy bitcoin, and already has less than 50%, in the future a decision could be made to sell by the majority of shareholders. But for the foreseeable future that possibility is also nil. No one invests in MSTR to screw up what is the key to its success.

Tbh I wouldn’t touch that stock with a ten ft pole even if it owned all the bitcoins in existence. I don’t understand why its investors buy this crap instead of buying btc directly too.

because its outperforming Bitcoin!

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.

Hmm seems off to me maybe you’re seeing some misinformation? Saylor is hailed by most Bitcoiners I’ve found and he even appears on some popular trading cards that are crypto themed or course as a complete bad ass. Saylor is perhaps one of the largest Bitcoin bulls there is.

I guess it is still 50/50, for us Bitcoin enthusiast, we see him as one of the most popular personalities that we have in recent years, after let's say John McAfee (RIP), although John has a total different aura and personality that Michael Saylor himself.

On the contrary, those who hate or vilified by some Bitcoiners might be because he is buying everything and we are left with some dust amount that we have to divide ourselves, making it very difficult to buy Bitcoin specially at the rate of the current price as it could still go up next year 2025. But in overall, Michael Saylor has made a good decision to make a U-turn and be a Bitcoin maximalist.

I think thats part of the reason some people hate MS, the fact that they possibly see him
as pushing the price of Bitcoin up and out of reach of the majorities reach.

Also there could possibly be a thinking that Bitcoin is for anti-establishment, anti-banks
thinking people and MS getting involved signals the establishment are following his path
into Bitcoin