Bitcoin and Michael Saylor fud

[Alex077]

Michael Saylor's Strategy signals potential bitcoin sale to fund dividends obligations

I’ll add a little more to this story...
And honestly, the only thing you can really add here is that Saylor used to say he would never sell Bitcoin.

Basically, the snake oil salesman said blah, blah, blah again. You guys aren't paying attention to this, but this isn't the first or even the second time he's contradicted one of the principles he established as set in stone. The possibility of selling Bitcoin isn't new—Phong Lee already mentioned it late last year—but the difference now is that the reason would be to pay dividends, not because of some supposed mathematical rationale...

Well, I think you’re being a bit too categorical here. Michael Saylor is far from some kind of fraud or charlatan - he’s actually a pretty smart guy. At the same time there’s definitely a nuance here- he loves risk and often goes all-in, and that’s probably his biggest weakness. He already lost billions during the dot-com bubble, so it’s fair to say there are some similarities with the current situation.
And at the same time, I think his strategy is fairly well thought out and relatively resilient. And finally, for now he hasn’t sold anything yet, and nobody really knows whether he ever will. So far it was just a statement or a hypothetical scenario, maybe. But I do agree with you on one thing - the signal itself definitely wasn’t a very positive one.

[Free Market Capitalist]

Well, I think you’re being a bit too categorical here.

So, what? Wasn't Saylor categorical when he said "you never sell your Bitcoin"?

Michael Saylor is far from some kind of fraud or charlatan -

Technically speaking, he isn't a fraud, but he has been charged with fraud twice and had to pay $8 million in 2001 to avoid jail time, and then $40 million in 2024 to settle a tax fraud lawsuit.

he’s actually a pretty smart guy.

Agreed.

At the same time there’s definitely a nuance here- he loves risk and often goes all-in, and that’s probably his biggest weakness. He already lost billions during the dot-com bubble, so it’s fair to say there are some similarities with the current situation.

Yes, actually there are a lot of similarities but you are wrong in just saying that "he" lost billions. A lot of MSTR investors lost a lot of money as well.

And finally, for now he hasn’t sold anything yet, and nobody really knows whether he ever will. .

False. Practically every time I jump into a thread about Saylor and Strategy, I see some obvious falsehood. But you guys keep spreading falsehoods, and I'll keep debunking them.

MicroStrategy just did what CEO Michael Saylor once said would never happen: it sold bitcoin

[Ishicryptic]

@Dogedegen. If Microstrategy will do their first significant sale of bitcoin from their treasury, I reckon I have a new name for Michael Saylor heheeh. Instead of calling him Michael the Saylormoon, we should begin calling him Michael Sellor heheheeheh!

I hope that you didn't expect that Michael Saylor, would hold his Bitcoin indefinitely, he is a businessman and Strategy, is a business from any perspective that you choose to look at it and you should expect that sooner or later he will have to sell. My concern has always been whether he will decide to dump all his Bitcoin on the market or not because it's effect will hit the market in a super negative way but whether he will offload some chunk of Bitcoin wouldn't surprise me at all. If he sell the only difference would be that he has broken his promise of not to sell but the market will always recover after sometime so anytime he feels compelled to sell let him go ahead.

[bbc.reporter]

@Dogedegen. If Microstrategy will do their first significant sale of bitcoin from their treasury, I reckon I have a new name for Michael Saylor heheeh. Instead of calling him Michael the Saylormoon, we should begin calling him Michael Sellor heheheeheh!

I hope that you didn't expect that Michael Saylor, would hold his Bitcoin indefinitely, he is a businessman and Strategy, is a business from any perspective that you choose to look at it and you should expect that sooner or later he will have to sell. My concern has always been whether he will decide to dump all his Bitcoin on the market or not because it's effect will hit the market in a super negative way but whether he will offload some chunk of Bitcoin wouldn't surprise me at all. If he sell the only difference would be that he has broken his promise of not to sell but the market will always recover after sometime so anytime he feels compelled to sell let him go ahead.

This is a very much headshaking post you have made because you do not understand heheheh. Microstrategy will certainly hold most of the bitcoin investments that he has made. They will sell only very little bitcoin to pay for dividends of STRC holders and Microstrategy will certainly buy more bitcoin than they have sold. 

Michael Sellor will not sell all of the bitcoin in Microstrategy's treasury.

[Dave1]

@Dogedegen. If Microstrategy will do their first significant sale of bitcoin from their treasury, I reckon I have a new name for Michael Saylor heheeh. Instead of calling him Michael the Saylormoon, we should begin calling him Michael Sellor heheheeheh!

I hope that you didn't expect that Michael Saylor, would hold his Bitcoin indefinitely, he is a businessman and Strategy, is a business from any perspective that you choose to look at it and you should expect that sooner or later he will have to sell. My concern has always been whether he will decide to dump all his Bitcoin on the market or not because it's effect will hit the market in a super negative way but whether he will offload some chunk of Bitcoin wouldn't surprise me at all. If he sell the only difference would be that he has broken his promise of not to sell but the market will always recover after sometime so anytime he feels compelled to sell let him go ahead.

This is a very much headshaking post you have made because you do not understand heheheh. Microstrategy will certainly hold most of the bitcoin investments that he has made. They will sell only very little bitcoin to pay for dividends of STRC holders and Microstrategy will certainly buy more bitcoin than they have sold. 

Michael Sellor will not sell all of the bitcoin in Microstrategy's treasury.

That is true, and if you look at it, they are just selling a portion, Lol. It's not that they are going to sell all their stash and then not going to pay. They need to sell because they have to pay dividends to their holders. And they have profited billions already, so it's profit that they are going to sell.

And once they done with it, they are going to buy it back rinse and repeat.

The thing is that those FUD magnified everything what Bitcoin's poster said  and his company as if it will be the end of it. But as we can see, the price didn't move that much and so this FUD is a a failure.

[Free Market Capitalist]

This is a very much headshaking post you have made because you do not understand heheheh. Microstrategy will certainly hold most of the bitcoin investments that he has made. They will sell only very little bitcoin to pay for dividends of STRC holders and Microstrategy will certainly buy more bitcoin than they have sold.  

Michael Sellor will not sell all of the bitcoin in Microstrategy's treasury.

That is true, and if you look at it, they are just selling a portion, Lol. It's not that they are going to sell all their stash and then not going to pay. They need to sell because they have to pay dividends to their holders. And they have profited billions already, so it's profit that they are going to sell.

And once they done with it, they are going to buy it back rinse and repeat.

That is, if he doesn't change his mind again, because he has changed his mind so often on fundamental issues that if he does it again, it wouldn't be surprising. Now he says he would do it when the Bitcoin stash is on profit (until recently, he wouldn't have been able to) and to pay dividends. But once that door is open, you can't be sure he won't sell at a loss to raise cash, or that instead of paying dividends, he won't come up with some other idea.

He did something similar with the USD reserve. First, he became famous for that line, “those who save in fiat, we call them poor,” which spawned memes and songs. Then he diluted MSTR shareholders to create a USD savings reserve, which he said was intended to cover dividends. But in a later interview, he said it could be used for other purposes.

So, it’s clear he’s going to do whatever he wants, even if it contradicts a seemingly unshakable motto he stated yesterday, and a lot of people will continue to believe him because he’s such a good salesman (and because they don’t stop to analyze things even a little bit).

[Alex077]

Well, I think you’re being a bit too categorical here.

False. Practically every time I jump into a thread about Saylor and Strategy, I see some obvious falsehood. But you guys keep spreading falsehoods, and I'll keep debunking them.

MicroStrategy just did what CEO Michael Saylor once said would never happen: it sold bitcoin

  I think you may have missed the date - the article is from December 2022. At that time he actually sold 704 Bitcoin for tax-related reasons. So maybe you just mean there’s already been one precedent of a sale in the past? But at least this isn’t some new event happening right now.

For now Michael Saylor attempted to clarify  his stance after recent remarks raised concerns that the company could at some point start selling part of its Bitcoin reserves.
The co-founder of Strategy said his famous phrase “never sell your Bitcoin” isn’t actually the most accurate way to describe the company’s real policy...
According to him, the more precise idea is that Strategy should never become just a bitcoin seller. In other words, in this situation limited selling could still support a much bigger accumulation bitcoin strategy. Basically, the company could theoretically sell small amounts while continuing to grow its overall bitcoin reserves. In short it was something like selling one bitcoin in order to buy ten more later.

I’m not sure whether Saylor is simply trying to talk his way out of an uncomfortable situation here, or if this was genuinely the plan from the beginning. But so far there have been no actual sales of their accumulated Bitcoin, and the chances of that happening anytime soon still seem pretty low.
https://www.youtube.com/watch?v=KhtYB48ktDY

[tbct_mt2]

For now Michael Saylor attempted to clarify  his stance after recent remarks raised concerns that the company could at some point start selling part of its Bitcoin reserves.
The co-founder of Strategy said his famous phrase “never sell your Bitcoin” isn’t actually the most accurate way to describe the company’s real policy...

If we are experienced in markets that have market manipulations, not only in Bitcoin market, we can easily realize that such sayings from Michael Saylor are like click bait. He knows that he has many followers and any words, sentences he says about Bitcoin will be spread over social media and amplified considerably. He knew that but he did whatever he can to keep the effects prolonging until he realized that his leveraging game becomes too risky. When people in the community realized this fact, analyzed and discussed about it more than past years, Saylor had to change his sayings.

Hence we witnessed such clarifications from Saylor, again believing in his clarifications or not, it's not too difficult to have yours.

Remember that Sam Bankman-Fried used to say FTX exchange is safe before its collapse and bankruptcy. Michael Saylor will say the same before a death spiral of Strategy if it happens in the future.

[Dogedegen]

@Dogedegen. If Microstrategy will do their first significant sale of bitcoin from their treasury, I reckon I have a new name for Michael Saylor heheeh. Instead of calling him Michael the Saylormoon, we should begin calling him Michael Sellor heheheeheh!

That is quite a nickname.  

Basically, the snake oil salesman said blah, blah, blah again.

Really, you had to take it this far? Out of all the people running around and doing things in this space, you are trying to label him the same way as the likes of Roger Ver or Vitalik?

That is, if he doesn't change his mind again, because he has changed his mind so often on fundamental issues that if he does it again, it wouldn't be surprising. Now he says he would do it when the Bitcoin stash is on profit (until recently, he wouldn't have been able to) and to pay dividends. But once that door is open, you can't be sure he won't sell at a loss to raise cash, or that instead of paying dividends, he won't come up with some other idea.

While we can agree on the riskiness of the current operation, I can not believe when you write these things. The basic of business administration or management theory states that businesses must be agile and adapt as soon as possible. If they consider what they have been doing to be wrong and try to adapt, you want to make it seem like they are being bad people.

What should they do in your view if they believe that their current strategy or decisions are no no longer correct? Should they persist in the error even though they now believe otherwise so that do not publicly look like they have changed their mind? What should they do? Answer this question precisely please.

[bbc.reporter]

This is a very much headshaking post you have made because you do not understand heheheh. Microstrategy will certainly hold most of the bitcoin investments that he has made. They will sell only very little bitcoin to pay for dividends of STRC holders and Microstrategy will certainly buy more bitcoin than they have sold.  

Michael Sellor will not sell all of the bitcoin in Microstrategy's treasury.

That is true, and if you look at it, they are just selling a portion, Lol. It's not that they are going to sell all their stash and then not going to pay. They need to sell because they have to pay dividends to their holders. And they have profited billions already, so it's profit that they are going to sell.

And once they done with it, they are going to buy it back rinse and repeat.

That is, if he doesn't change his mind again, because he has changed his mind so often on fundamental issues that if he does it again, it wouldn't be surprising. Now he says he would do it when the Bitcoin stash is on profit (until recently, he wouldn't have been able to) and to pay dividends. But once that door is open, you can't be sure he won't sell at a loss to raise cash, or that instead of paying dividends, he won't come up with some other idea.

He did something similar with the USD reserve. First, he became famous for that line, “those who save in fiat, we call them poor,” which spawned memes and songs. Then he diluted MSTR shareholders to create a USD savings reserve, which he said was intended to cover dividends. But in a later interview, he said it could be used for other purposes.

So, it’s clear he’s going to do whatever he wants, even if it contradicts a seemingly unshakable motto he stated yesterday, and a lot of people will continue to believe him because he’s such a good salesman (and because they don’t stop to analyze things even a little bit).

You are an Elmer Fud. You make it appear that Michael the Saylormoon has transformed himself into Michael Sellor and has sold all of the bitcoin from Microstrategy's treasury. These changes are improved refinements on Microstrategy's roadmap for buying more bitcoin!