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

[GPVibes]

I have waited for that time where I can share my thoughts on the forum using graphics and images if I like to and I'm glad for that to happen. Hope you don't tell me I would have bought a copper member   No, I like it to happen by itself.

I like things natural including this sketch by my little nephew of 5 years. Just a hand shake for you all.



Meanwhile, is it a dumping time or you expect more bull for btc?

Michael Sailor's Strategy continued stacking more bitcoins buying 4,020 coins. This is institutional hodling increasing out of weak hands. Strategy has invested $40.6billion on bitcoin at average price of $69,979.

So what do you think of this new hodling that happened few hours ago... Is it suppose to increase price?

Strategy buying 4,020 coins  

[headingnorth]

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.

[Kryss191]

At this point, MicroStrategy buying BTC is like your uncle topping up on snacks after the party started. Dude’s already knee-deep in the chips.

[Mpamaegbu]

I have waited for that time where I can share my thoughts on the forum using graphics and images if I like to and I'm glad for that to happen.

Congratulations on achieving Member rank. You're now at liberty to upload your graphics but you must credit any source material you use with links. More ranking ups to come, and keep improving on your posts.

Meanwhile, is it a dumping time or you expect more bull for btc?

The only dumps we will get to see henceforth this 2025 will be retracement. That shouldn't panic anyone. It's expected as price doesn't move in one direction for a long time. Early investors are bound to take profit and that causes price to drop whenever that happens.

So what do you think of this new hodling that happened few hours ago... Is it suppose to increase price?

But of course, such positive news is a plus to this industry. It's going to create bullish sentiment. Price will rally up.

[batang_bitcoin]

Meanwhile, is it a dumping time or you expect more bull for btc?

Expecting for more since this year hasn't ended yet. Some might think that this is greediness, nope. We're just basing it off through the cycle of the market and that's why we're not yet done with the bull. The basis will be seen on the past years and cycles and that's why there should be more to go IF this cycle is the same as those. One sign is we see more institutions buying so, there's probably they know what others don't know. Thanks for the handshake through that image, you keep drawing more and you'll improve that talent for sure with some improved sketches.

[xzone]

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.

In the long run, everyone is trying to accumulate bitcoins, all the big investment companies have a lot of bitcoins in their portfolio, but this alone does not mean anything, it cannot provide the rise

[EluguHcman]

Michael Saylor’s Strategy, the world’s largest corporate Bitcoin investor, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week.

I will just  say that this is the impressive part of this news. Very encouraging that nomatter the increase of Bitcoin there is always necessity to keep buying as much you can afford.
While some other investors will be selling their Bitcoins under the excitement of the breaking of $110K ATH, Micro Strategies remains undistracted.

And While others may be waiting to by at the DIP, others are focused buying and at the end of the tunnel, those waiting for the Dip will always have time to regret when the market liquidation just seem highily volatile surging to the Moon

When such an institutional investment firm is buying quite large like this, why don't we the small scale Investors buy and hodl patiently because such an amount of 4020 Bitcoin with the worth of $427.1 million is huge enough encouraging growths in the matter.
So this big purchase is giving hedges for the market to gather more pumping forces potential to break further ATHs.

[BenCodie]

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.

In the long run, everyone is trying to accumulate bitcoins, all the big investment companies have a lot of bitcoins in their portfolio, but this alone does not mean anything, it cannot provide the rise

If Strategy were to sell it would kill their credibility completely. Michael Saylor has openly said and continues to advocate that Bitcoin isn't something you sell, and that it's potentially the future as a reserve currency. Selling would kill his credibility and contradict a big reason why people are funding Strategy to begin with.

[traderethereum]

I am expecting to see bull run for Bitcoin and I still buying and hodl Bitcoin. Hodling will be the way for us to enjoy the profit in the future. The price can increase more than now but we need to be patient waiting for that time.

Meanwhile, we should enjoy the ride and continue accumulating Bitcoin. Although the price now back to the lower price, that will not be a problem because we can buy back at a low price. That will be our advantage to have Bitcoin at a low price so lets other people do what they think is right while we will keep buying Bitcoin and hodl it. Saylor can do what he wants while we do what we want which is buying Bitcoin and hodl it.

[GPVibes]

so lets other people do what they think is right while we will keep buying Bitcoin and hodl it.

And what do you think is right for other people to do?

[Mpamaegbu]

Saylor can do what he wants while we do what we want which is buying Bitcoin and hodl it.

You make it look like Michael Saylor is moving in the opposite direction from where you stand. Dude is buying up Bitcoin in quantity now. He might have spoken against Bitcoin in the past but not anymore. His support for Bitcoin now is infectious. I don't know if you understand the import of his action in this industry. If you do, you will understand that he's supporting Bitcoin and strengthening its fan base with his actions. Getting Bitcoin adoption will mean there should be joint collaboration of every Bitcoin lover.

And what do you think is right for other people to do?

If that question were directed at me, I would say other people should focus on ETH accumulation while we keep buying Bitcoin. The reason I said that is because I want alts to also see nice price spikes like Bitcoin is doing. Alts can't moon if ETH doesn't experience price rally to the upside.

[BIT-BENDER]

At this point, MicroStrategy buying BTC is like your uncle topping up on snacks after the party started. Dude’s already knee-deep in the chips.

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.

[kotajikikox]

At this point, MicroStrategy buying BTC is like your uncle topping up on snacks after the party started. Dude’s already knee-deep in the chips.

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

They do not seem to be planning that anytime soon but should they do it I hope they have enough sense to not dump it all at once. Anyway it can get boring at some point but it might also create urgency in investors to want to buy bitcoins asap.

[JiiBs]

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.

Something to learn from these though, they’ve always been holding through the times and the seasons. Should they have been panic selling or taking profit at every opportunity they get with the price of Bitcoin rising, we wouldn’t be having much to say about them today. Notably even now, they still aren’t taking profit and that tells you, Bitcoin haven’t gotten to where it needs to be just yet.
These are the companies that are showing how it’s done and still, you see people having to panic sell!

[pooya87]

If that question were directed at me, I would say other people should focus on ETH accumulation while we keep buying Bitcoin. The reason I said that is because I want alts to also see nice price spikes like Bitcoin is doing. Alts can't moon if ETH doesn't experience price rally to the upside.

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.



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.

[Mpamaegbu]

~

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?

[john_egbert]

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.

Something to learn from these though, they’ve always been holding through the times and the seasons. Should they have been panic selling or taking profit at every opportunity they get with the price of Bitcoin rising, we wouldn’t be having much to say about them today. Notably even now, they still aren’t taking profit and that tells you, Bitcoin haven’t gotten to where it needs to be just yet.
These are the companies that are showing how it’s done and still, you see people having to panic sell!

People are more inclined to do so, companies have much bigger computing power in decision-making and planning, so to speak.

[OgNasty]

Strategy has done a good job as of late in growing their Bitcoin stack without diluting the stock. I imagine this is window dressing to make them appear as good as possible for the S&P board. Things could be about to get as crazy as they ever will for Bitcoin. It’s exciting to have front row seats to watch.

[john_egbert]

Strategy has done a good job as of late in growing their Bitcoin stack without diluting the stock. I imagine this is window dressing to make them appear as good as possible for the S&P board. Things could be about to get as crazy as they ever will for Bitcoin. It’s exciting to have front row seats to watch.

Popcorn wouldn't be enough though to fill up the gaps we are going to witness regarding interest in BTC by those seeing through the FUD about it.

We need the whole menu

[pooya87]

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?

When bitcoin price goes up, even the altcoins that continue dumping against it will go up against dollar. ETH was once 0.15 BTC and is now 0.02 BTC and it will continue dumping. When bitcoin reaches $1 million, there may be a tiny possibility that ETH that will have had gotten dumped another 50% against bitcoin, reach $10000 that way. Although its unlimited supply, fundamental protocol flaws, mutable blockchain and of course the ICO scam hype (aka its only use case) dying would make it a lot harder.