Bitcoin bull, Strategy bags 4,020 btc as price breaks $110k

[tabas]

Another series of purchases that Microstrategy did: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC
And as OP have asked few weeks ago, the price have shown the rally for that purchase that the Microstrategy did. This seems to be a coincidence but there is a strong influence of what they do in the market. So, the last time OP posted this, the rally came and now that they did it again, the market woke up and Bitcoin is about to get back on $100k.

[Zlantann]

I won't describe ETH as a shitcoin. You may have your reason for doing so, and I don't want to get into that argument with you (or anyone else on that.) whether you shouldn't tag it so or not. However, for content we can easily point how ETH has immensely enriched this industry by allowing other projects come onboard through its ecosystem. Talking about price, will you be surprised if ETH does $10,000 in the nearest future? I mean, this was a coin I saw at less than $100 in 2017 or so and it has a recorded ATH of almost $5,000 in 2021 and we still say it's dumping?

There is a saying that "variety is the spice of life". ETH opened the door for other altcoins but most of them caused more harm than good. They gave the crypto space a bad reputation because of their high tendency to scam people.

Anytime microstrategy buys Bitcoin it always becomes a news and it is now getting boring, what this will mean is that microstrategy will keep on taking the major relevance in the Crypto-currency market, it's good right now because it is creating a buzzing for the market, but have you wondered what will happen if they started selling their Bitcoin.
What I do when I hear that this guys bought more Bitcoin is to think that it is good for them and focus on my business which is to try as much as possible to accumulate Bitcoin for myself too.

It's not a bad idea to celebrate or talk about a company that has shown so much bravery in investing in Bitcoin.  Many big companies have started copying MicroStrategy's Bitcoin investment strategy.  If the company starts selling their holdings, the price of Bitcoin will drop slightly, and the market will stabilise again after some time. It will also be an opportunity to buy discounted Bitcoin.

[henry_of_skalitz]

Another series of purchases that Microstrategy did: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC
And as OP have asked few weeks ago, the price have shown the rally for that purchase that the Microstrategy did. This seems to be a coincidence but there is a strong influence of what they do in the market. So, the last time OP posted this, the rally came and now that they did it again, the market woke up and Bitcoin is about to get back on $100k.

They would do it with or without the rally, and it may affect investors positively - even if it's ever so slightly noticeable, it's usually enough to keep other companies rolling too, how we see it with 21st Century and others..

[Ruttoshi]

There's two things you can depend on in life:

1. The sun rising every morning
2. Microstrategy accumulating another truckload of bitcoin like clockwork

I look forward to his speech tomorrow at Bitcoin 2025.

They say they have been buying bitcoins for years. But we also know when they sell, they proudly announce when they buy, but we only hear that they sell after the fall is over. So such announcements do not always inspire confidence.

MicroStrategy hasn't sold any of their accumulated bitcoin because it is in contrary to Michael Saylors plan building a bitcoin empire. Instead, MicroStrategy sold part of they sold their preferred stock to accumulate more bitcoin. MicroStrategy aggressive bitcoin accumulation has added a good impact on other big tech firms to follow his footstep.

OP, forget about if the market will dump or pump and continue to accumulate more bitcoin irrespective of the price because in future, the amount of bitcoin that you were able to acquire is what will determine your profits when bitcoin is expensive.

[tabas]

Another series of purchases that Microstrategy did: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC
And as OP have asked few weeks ago, the price have shown the rally for that purchase that the Microstrategy did. This seems to be a coincidence but there is a strong influence of what they do in the market. So, the last time OP posted this, the rally came and now that they did it again, the market woke up and Bitcoin is about to get back on $100k.

They would do it with or without the rally, and it may affect investors positively - even if it's ever so slightly noticeable, it's usually enough to keep other companies rolling too, how we see it with 21st Century and others..

Yup, as it is said, "they've put the money where their mouth is."
And they are likely to keep these purchases happening at any prices that we're having for Bitcoin. They understand its economics and how important it is to be one of its biggest holders. Soon, they'll be a powerhouse of the holders, and it looks like each move they make is now being followed. I just don't want to see it negatively when they say so because we know that biggest influence will say something against it to move the prices down and they'll buy.

[Lida93]

As for other altcoins, they do their own thing. In fact with ETH failing to pump and give the bag-holders the profit they dream for, it creates the opportunity for other coins to be pumped bigger by pulling the liquidity from the dumping ETH market into their own pumps.

Ethereum is one altcoin that has massively failed to grow when compared to how long it has been around. Should it continue this way in its disappointing underperformance till the end of this season's bull run while bitcoin makes and recreates ATH's without eth reciprocating, then a lot of ethereum hodler would be forced to find other alternative coins for sure which will definitely see to ethereum becoming a totally shitcoin by next season's bull run circle with other well performing coin(s) taking it's position behind bitcoin.

[Sticky Bomb]

~

Shitcoins like ETH that grow too big, have always had an increasingly harder time to be pumped. Which is evident if you check out the ETH price charts since 2017 pump ATH. It has been consistently dumping and each time their pumping team tries to reverse that, they fail miserably.

I won't describe ETH as a shitcoin. You may have your reason for doing so, and I don't want to get into that argument with you (or anyone else on that.) whether you shouldn't tag it so or not. However, for content we can easily point how ETH has immensely enriched this industry by allowing other projects come onboard through its ecosystem. Talking about price, will you be surprised if ETH does $10,000 in the nearest future? I mean, this was a coin I saw at less than $100 in 2017 or so and it has a recorded ATH of almost $5,000 in 2021 and we still say it's dumping?

As at now, I think ETH is really dumping.  I doubt it would even reach it's past ATH this bull season. Last bull run, they had lots of upgrades which attracted investors and Dapps, but this time around, I don't know if the devs are now lazy to keep upgrading it. They should have a major upgrade or something to attract investors confidence, else I don't see it performing much better anytime from now.

We used to compare it to Bitcoin then, but now it's close to, if not another shitcoin

[PrivacyG]

We used to compare it to Bitcoin then, but now it's close to, if not another shitcoin

It was compared a lot through how much Ethereum is used versus Bitcoin and such.  Ethereum has so many shit coins that I wonder how much it would actually be used had this not been the case.  I appreciate when people come with facts and actual belief in a Cryptocurrency they own.  But in most cases, it is just people who purchase a Cryptocurrency and praise it to the moon and beyond hoping it will share the same train ride they missed with Bitcoin.

[henry_of_skalitz]

Yup, as it is said, "they've put the money where their mouth is."
And they are likely to keep these purchases happening at any prices that we're having for Bitcoin. They understand its economics and how important it is to be one of its biggest holders. Soon, they'll be a powerhouse of the holders, and it looks like each move they make is now being followed. I just don't want to see it negatively when they say so because we know that biggest influence will say something against it to move the prices down and they'll buy.

They see potential - and that is what mostly matters for them in the long run.

With dips or not, the results - will - be there for them, with the sums they have rolling..