Michael Saylor advices never to sell bitcoin...

[fikrett]

Came across a video clip on telegram

https://t.me/cryptothedoggy/4060

Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..

And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?

Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.

There are people who strongly believes in the potential of Bitcoin, I mean they see lots of opportunities to make more wealth from it and if patience is the price they got to pay, they're willing to ride along. Saylor is one of those people, a very strong believer of Bitcoin, even before Bitcoin got to the present ATH he's been hoarding and has refused to sell not even a little portion of what he's holding.

 Although it would take a very long while before the price of Bitcoin hits $1m and I'll be very suprised if Microstrategy holds for that long, they're positive on long-term holding but holding till Bitcoin gets to $1m would be mind blowing, anyways I see Saylor as my mentor and through him I've learnt to be very patient with certain things especially Bitcoin.

MS knows where to put their faith on, that's it, simple as that.
And as time goes on, it will be proven again and again that it was the right decision.
Not without some dips, corrections, and instability - but it will be beneficial to them, that's why the do things they do.

[john_egbert]

I don't really like to discuss what other people do with their BTC, even if it is Michael Saylor, at one point he never believed in BTC and if you had asked him then, he would have said nobody should buy BTC, lol. People will surely sell or spend BTC, that is not going to stop, everyone isn't simply going to hold it like it isn't money, cause it is. Lastly, i don't think he knows anything that we do not know about BTC.

He is just the guy with the influence to project his thoughts onto others.
So, yep - you can listen to it, you can ignore it, your choice, really.
BTC would be good in any case.

[Iranus]

do any of your guys have concerns with microstrategy trying to own 5% of the bitcoins supply? Seems that this whole thing is antithetical to the original idea of bitcoin. microstrategy is trying to become a centralized source of bitcoin much like a bank. what happened to not your keys not your crypto?

Most people know that having organizations, governments, or anyone else trying to own more of the bitcoin supply is not good for bitcoin or us. But the problem is we don't seem to have any way to prevent it so instead we should ignore the things we can't solve and learn to adapt to things.
And this is also the price we have to pay when we want bitcoin to increase in price, want bitcoin to become popular globally because these things will never become reality without the participation of governments and organizations.

Also, you might have missed one thing most investors today are only interested in profits, they don't care whether bitcoin is centralized or decentralized.

[mirakal]

Most likely, his target selling price is never achieved yet, so selling would be out of the picture. However, we are not Michael Saylor and we don’t have as much wealth as he had, that’s why buying low and selling high like the current price is already a big achievement for us.

It’s okay to sell bitcoin when you know you have gained already massive profits, or you are going to enjoy your profits, but if you aren’t in a rush to use your profits, then it’s better to just stay hodling as long as it is bitcoin.

[Sonia_123]

  6 hours ago, MicroStrategy Buys Additional 21,550 BTC For $2.1 Billion

MicroStrategy acquired 21,550 for $2.1 billion at an average price of $98,783 per BTC.
The company made this purchase between December 2 and 8.
MicroStrategy now holds 423,650 BTC, which they acquired for $25.6 billion.

https://coingape.com/breaking-microstrategy-buys-another-21550-btc-for-2-1-billion/

[ChiBitCTy]

I like Saylor but but I think that he is a little bit more of a champion than someone whom we should really be listening to which are going to be the cipher punks who created everything. I mean, I am thankful that he has been a champion, but he’s also not a financial advisor and he doesn’t know everyone’s individual situation so I guess it depends what he means exactly by that.

[red4slash]

And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?

Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.

He is a maximalist and it is actually quite natural when he does that now because after all Saylor is currently like one of the people with very good bitcoin emphasis so surely he will say things like this where Saylor will try to provide understanding that the future of bitcoin will be much better.

But in the end this is just a suggestion because regardless of whether to sell bitcoin or not it depends on their respective assessments of this because we certainly know that in the end everything that is done is based on the will of the investor himself and we cannot intervene in any decision made.
It's just that when talking about advice, I still agree when not releasing bitcoin as a whole even though maybe we want returns by selling some of it but as a whole I don't think it can be done for now because when assets that have been sold or released then it is not ours.

I still keep my bitcoins until now because my goal is not at $100k but at the end of the day when someone releases their bitcoins at this price then it's not ours.

[Hazink]

He is just the guy with the influence to project his thoughts onto others.
So, yep - you can listen to it, you can ignore it, your choice, really.
BTC would be good in any case.

He's voicing out what he knows and what he has learnt over the years and what he believes to be real. It's left to others to either listen to it or ignore it totally, and even for those who listen and read about the idea, they also have two choices to choose from: either see it as a good idea and abide by it or totally ignore it.
 
I read and listen to talks about bitcoin, but from its critics, it's either the idea sounds interesting to me, which I could learn from, or just some funny clips that I can laugh over.

[2Pizza410000BTC]

Came across a video clip on telegram

https://t.me/cryptothedoggy/4060

Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..

And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?

Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.

Michael Saylor is one of the best Bitcoin investors. He is also an economist and has proper knowledge about Bitcoin, so we should definitely take his advice. He has been going through a lot of success by investing in Bitcoin in the past days, and we are also seeing all the predictions he makes succeed. It was very difficult for us to predict that Bitcoin would reach 100k at one time, but people like Michael Saylor were right that Bitcoin would reach 100k at some point. We definitely saw Bitcoin reach 100k dollars by 2024, so if the next target for Bitcoin is 1 million dollars, then we should definitely invest and hold on to the 1 million dollar target. The popularity of Bitcoin makes us more excited to invest and hold on to it.

[potatotom]

I think it's not great that bitcoin becomes this "toy" for rich people.

I don't know what Saylor's ultimate goal is but I think we should be weary. He has no kids, seemingly nobody to pass them on. I really wonder why he's doing this.

And yeah it sounds nice to hear that he's a Bitcoin maxi and whatnot, but I still would like to understand the guy. Not saying he has bad intentions, but I don't understand it and find it suspicious.

Maybe the best we can hope is that he DOES sell, so we can use Bitcoin again as it was intended. As a means of exchange.

[Wind_FURY]

It's not merely about what they, or we, "know". It's actually about what kind of financial system the whole world is currently in right now. That's why it's IS, not "know". Whether we "know" or not, Bitcoin will continue to surge to night all time highs because the money-printer will always go BRRRRRRR, expanding the Central Banks' balance sheet.

We don't need "belief" in the future of the price of Bitcoin. - That's already assured by the money-printer.

Maybe you are right.

After all - they turn fiat into BTC, and that's always good in my book.
Let them have their beliefs, especially if it benefits BTC.

It's not merely about "THAT", nor is it merely something about "finance and investments".

Ask your grandmother what the price of a loaf of bread was during her time as a teenager with her raging hormones, chasing boys, and sneaking them inside the barn.

She will answer you that it was mere cents per loaf. Why? Inflation caused by the constant expansion of the Central Bank's balance sheet.

[hero_the_bossman]

I think it's not great that bitcoin becomes this "toy" for rich people.

I don't know what Saylor's ultimate goal is but I think we should be weary. He has no kids, seemingly nobody to pass them on. I really wonder why he's doing this.

And yeah it sounds nice to hear that he's a Bitcoin maxi and whatnot, but I still would like to understand the guy. Not saying he has bad intentions, but I don't understand it and find it suspicious.

Maybe the best we can hope is that he DOES sell, so we can use Bitcoin again as it was intended. As a means of exchange.

Because he wants to profit in the end and gain attention for himself and BTC?
The most logical answer to me, IMO.

[FortuneFollower]

She will answer you that it was mere cents per loaf. Why? Inflation caused by the constant expansion of the Central Bank's balance sheet.

Isn't it good then that they turn something that is withering from inflation to something that doesn't?
Didn't understand your point a bit, maybe I need to read into the details.

[fikrett]

I like Saylor but but I think that he is a little bit more of a champion than someone whom we should really be listening to which are going to be the cipher punks who created everything. I mean, I am thankful that he has been a champion, but he’s also not a financial advisor and he doesn’t know everyone’s individual situation so I guess it depends what he means exactly by that.

We all view him differently, but he at least does something that benefits the BTC during its cycle.
He may do it only for his own gain in mind, however, he still accomplishes something bringing awareness to the big guys out there how things may be done.

[john_egbert]

He is just the guy with the influence to project his thoughts onto others.
So, yep - you can listen to it, you can ignore it, your choice, really.
BTC would be good in any case.

He's voicing out what he knows and what he has learnt over the years and what he believes to be real. It's left to others to either listen to it or ignore it totally, and even for those who listen and read about the idea, they also have two choices to choose from: either see it as a good idea and abide by it or totally ignore it.
 
I read and listen to talks about bitcoin, but from its critics, it's either the idea sounds interesting to me, which I could learn from, or just some funny clips that I can laugh over.

I think you are right and in the end, we are the ones who pull any trigger, in the crypto space or not.
We can be influenced by others, but we still take the final decision - and Saylor put his money on BTC.
So we can do the same. Or not.
Our choice.

[Wind_FURY]

She will answer you that it was mere cents per loaf. Why? Inflation caused by the constant expansion of the Central Bank's balance sheet.

Isn't it good then that they turn something that is withering from inflation to something that doesn't?
Didn't understand your point a bit, maybe I need to read into the details.

You should study Milton Friedman and his assertion that inflation has always been and always will be a monetary phenomenon.

 

Satoshi knew the potential of Bitcoin as a hedge against inflation and the fiat money system.

Plus Microsoft shareholders voted against buying Bitcoin as a Treasury Reserve Asset. That's OK, they will buy Bitcoin when it's $1,000,000. Keep front-running them.

[Russlenat]

Plus Microsoft shareholders voted against buying Bitcoin as a Treasury Reserve Asset. That's OK, they will buy Bitcoin when it's $1,000,000. Keep front-running them.

That’s unfortunate.  With this decision, they’ll likely be left behind by Amazon. Maybe they’re still waiting for the U.S. to officially make Bitcoin a strategic reserve? If that plan materializes, Bitcoin will pump, and they’ll end up buying at a much higher value than it is now.

Of course, we can’t blame them, they’ve made good decisions to reach their current level. However, Bitcoin is hard to ignore, especially since fiat will inevitably face inflation in the future, no matter which country we’re in. I’m not losing hope, though. Hopefully, they’ll realize its value in the future, better late than never investing at all.

[Taskford]

Plus Microsoft shareholders voted against buying Bitcoin as a Treasury Reserve Asset. That's OK, they will buy Bitcoin when it's $1,000,000. Keep front-running them.

That’s unfortunate.  With this decision, they’ll likely be left behind by Amazon. Maybe they’re still waiting for the U.S. to officially make Bitcoin a strategic reserve? If that plan materializes, Bitcoin will pump, and they’ll end up buying at a much higher value than it is now.

Of course, we can’t blame them, they’ve made good decisions to reach their current level. However, Bitcoin is hard to ignore, especially since fiat will inevitably face inflation in the future, no matter which country we’re in. I’m not losing hope, though. Hopefully, they’ll realize its value in the future, better late than never investing at all.

Well that's their decision and I think those incident what happen to Nokia,yahoo and other platform didn't adapt to the changes will fall down.

What Microsoft did is for sure a big mistake that they would regret later on especially if there's big changes that would gonna happen for bitcoin in future.

People need to move on now on their speculation for Microsoft since they already put an end with these thoughts and shows that they are not really ready for taking good initiatives for investing on Bitcoin.

For sure Michael Saylor is disappointed with Microsoft decision since this is somehow a good opportunity for bitcoin to pump more but guess nothing happen since they decline this option.

[hero_the_bossman]

-snip-
Plus Microsoft shareholders voted against buying Bitcoin as a Treasury Reserve Asset. That's OK, they will buy Bitcoin when it's $1,000,000. Keep front-running them.

That's a loss from their side in perspective.
Let them try to keep up with others in the future - they will be on the side road in that regard.

[Smack That Ace]

That’s unfortunate.  With this decision, they’ll likely be left behind by Amazon. Maybe they’re still waiting for the U.S. to officially make Bitcoin a strategic reserve? If that plan materializes, Bitcoin will pump, and they’ll end up buying at a much higher value than it is now.

Of course, we can’t blame them, they’ve made good decisions to reach their current level. However, Bitcoin is hard to ignore, especially since fiat will inevitably face inflation in the future, no matter which country we’re in. I’m not losing hope, though. Hopefully, they’ll realize its value in the future, better late than never investing at all.

According to the report: the reason they refuse to invest in bitcoin is because they are concerned about its unpredictable volatility. This makes me wonder if they are waiting for bitcoin to become safer to invest in or are they waiting for a bear season before deciding to invest because it will be much safer for them then.

Even though they vetoed the idea of ​​buying bitcoin, that doesn't mean it will never be proposed again in the future, I think at some point they will discuss the idea again and probably during the bear season. They are big corporations and their investment plans will definitely be different from ours, don't be too quick to judge or criticize them just because they haven't invested in bitcoin at this time.