Bitcoin and Michael Sellor fud, Michael Sellor is the new Do Kwon?

[Free Market Capitalist]

Well, the scheme for the two is different, Michael can purely influence the liquidity of the crypto market while Do Kwon purely influences the Terra (Luna) token that he created himself.

That's not true; the collapse of Terra Luna affected all cryptocurrencies, including Bitcoin.

This means that the collapse of the Terra project has an impact on their investors and on Do Kwon, not on Bitcoin in general, but for Michael yes it can affect the market price if all Bitcoin assets are owned by Michael.

All Bitcoin assets are owned by Michael? That's nonsense.

[OgNasty]

Saylor is selling Bitcoin that he said he would never sell, he’s selling MSTR shares at dilutive prices like he said he never would. STRC is at $92 and they are going to have to boost the dividend to get it back to $100 where they can issue more… Looks like the jig is almost up for Saylor.

[Dogedegen]

I am already doing much better, because I am not selling a junk stock to the masses telling them that it is a safe alternative to bank deposits and saving accounts.

False beliefs are the same regardless of who we are talking about.

The false belief is to think that STRC is a safe alternative to bank deposits, which is how Saylor has been selling that junk.

You would rather blame the person who is selling that story than the person who is buying the story? I do not like that approach because then you can equally blame most or all tech CEOs because they are over hyping their produces with borderline or outright lies all the time. I would have trouble to find some product that was not over represented in recent times. Either we blame them all equally, or we put pressure on personal responsibility. It is quite simple to get some education and to decide to not believe something that does not make sense simply because someone famous like Saylor said it? That seems to be the healthier approach, because there will always be claims and if we don't teach individuals they will fall for one or the other it makes no difference with that.

Saylor is selling Bitcoin that he said he would never sell, he’s selling MSTR shares at dilutive prices like he said he never would. STRC is at $92 and they are going to have to boost the dividend to get it back to $100 where they can issue more… Looks like the jig is almost up for Saylor.

He has backtracked in a way that I admit is very bad too because his recent statement was just a lie, confirmed with the evidence that was posted by Free Market Capitalist. It would be better not to boost the dividend anymore and let it be for now. It is how the market is currently expressing skepticism towards the situation, but STRC is not their only way to get money if they need to do that. It would be better to focus on reducing risk and obligations though.

[bbc.reporter]

In any case, you insult my personhood and tell me I am a spammer and you imply that you are not? Let us prove this. Let us agree to remove our signatures now and agree to never join any signature campaign in this forum forever.

Couldn't you have come up with a bigger load of crap to say?

Why is this a load of crap? You are afraid? Let us prove that you are not reaching your weekly quota with your hateful posts. You are insulting much of the people in the forum and you are getting paid for this!

Saylor is selling Bitcoin that he said he would never sell, he’s selling MSTR shares at dilutive prices like he said he never would. STRC is at $92 and they are going to have to boost the dividend to get it back to $100 where they can issue more… Looks like the jig is almost up for Saylor.

However, it appears that they have 32 years of bitcoin reserve to support dividends. This implies more selling and causing the price not to pump hehehehe. I speculate that the next bull market, Michael Sellor will be a seller of bitcoin.

We were scammed by this Michael Sellor!



We have 32 years of dividend coverage through our $BTC Reserve.

Source https://x.com/strategy/status/2067334848079970671?s=61



Also, STRC is on $89. It appears there are presently no buyers of Michael Sellor's financial experiment.

https://www.strategy.com/strc

[d5000]

However, it appears that they have 32 years of bitcoin reserve to support dividends. This implies more selling and causing the price not to pump hehehehe.

32 years of dividends means he'd sell roughly 70 Bitcoins per day. Literally nothing if we take into account that the daily trading volume is 100,000+ Bitcoins.

It's not the same psychological effect than his 10,000+ BTC buy orders. But if Bitcoin achieves any meaningful adoption, then these <100 BTC aren't relevant at all.

The framing of that selling spree eventually even could turn from "oooh he's selling we should all sell" into "get the people their Bitcoin back" though

We were scammed by this Michael Sellor!

Who is "we"?

I guess "we" is not the Bitcoiners, they could normally be happy if he exits the market again, as this would be more coherent with the classic Bitcoiner ideology. And if he exits (in any way) there's one "potential Sellor" less (besides Satoshi).

"We" could however be the TradFi-friendly bitcoiners, those that think that ETFs and Saylor are the pillars of Bitcoin's value.

Shower thought: maybe it would be a good idea for Saylor to switch slowly to some kind of bitcoin-backed assets, so he could lower the cash liabilities.

[Dogedegen]

However, it appears that they have 32 years of bitcoin reserve to support dividends. This implies more selling and causing the price not to pump hehehehe.

32 years of dividends means he'd sell roughly 70 Bitcoins per day. Literally nothing if we take into account that the daily trading volume is 100,000+ Bitcoins.

It's not the same psychological effect than his 10,000+ BTC buy orders. But if Bitcoin achieves any meaningful adoption, then these <100 BTC aren't relevant at all.

The framing of that selling spree eventually even could turn from "oooh he's selling we should all sell" into "get the people their Bitcoin back" though

But I blame also the people for the framing. I have read many posts and topics about these things outside of the forum and you will see often people saying look what this small sale did it caused a small meltdown so some consistent selling would cause a complete meltdown of the market. When people believe these things and when they are sharing the widely then others pick up on them and it starts becoming a self fulfilling story because people will act in ways when they expect this. They will start selling and if enough people do it it will actually cause a market collapse for some time because many believed that it will so they acted in accordance to that. If people were smarted about these things and taking them more in healthy ways it would be better. Your argument about the daily trading volume and the insignificance of the 70 BTC per day selling is a good example of that.

[bbc.reporter]

However, it appears that they have 32 years of bitcoin reserve to support dividends. This implies more selling and causing the price not to pump hehehehe.

32 years of dividends means he'd sell roughly 70 Bitcoins per day. Literally nothing if we take into account that the daily trading volume is 100,000+ Bitcoins.

It's not the same psychological effect than his 10,000+ BTC buy orders. But if Bitcoin achieves any meaningful adoption, then these <100 BTC aren't relevant at all.

The framing of that selling spree eventually even could turn from "oooh he's selling we should all sell" into "get the people their Bitcoin back" though

We were scammed by this Michael Sellor!

Who is "we"?

I guess "we" is not the Bitcoiners, they could normally be happy if he exits the market again, as this would be more coherent with the classic Bitcoiner ideology. And if he exits (in any way) there's one "potential Sellor" less (besides Satoshi).

"We" could however be the TradFi-friendly bitcoiners, those that think that ETFs and Saylor are the pillars of Bitcoin's value.

Shower thought: maybe it would be a good idea for Saylor to switch slowly to some kind of bitcoin-backed assets, so he could lower the cash liabilities.

However, with the billions he has used to buy bitcoin on the last bull market, we have witnessed the weakest bull market on bitcoin. I speculate the psychological effect of Michael Sellor dumping bitcoin will be more stronger. We shall wait for this heheheh.

On we, this is the community. Michael Sellor declared that he will not sell but recently he declared that he did not say this and he said that only the community should not sell. What is he implying? We hold bitcoin while he is dumping on our faces with our mouths open?

[Dogedegen]

However, with the billions he has used to buy bitcoin on the last bull market, we have witnessed the weakest bull market on bitcoin. I speculate the psychological effect of Michael Sellor dumping bitcoin will be more stronger. We shall wait for this heheheh.

Yes but like I was saying the pure fault for that is the people and not Strategy. If they were not so emotional and reacting almost always with sentiment, it would have no impact and gradual sales would not do anything at all. But since people are expecting things and react the same way, then these things happen in the market. We have already seen partially the effect of the smallest sale possible, even if actually Strategy sold some Bitcoin before but many have forgotten this.

On we, this is the community. Michael Sellor declared that he will not sell but recently he declared that he did not say this and he said that only the community should not sell. What is he implying? We hold bitcoin while he is dumping on our faces with our mouths open?

The problem is not that they are actually selling and they can't sell anything in a hidden way because they always have to disclose this so we will know that, the problem is that he started lying. He clearly said that he has never said that they would not sell the Bitcoin of the company, but people have easily found many articles from the past where he has said this. So I do not know why he is lying about this now because it was easy to refute it and instead they could have just said that something has changed in their strategy and it would have been accepted more. Lying is never a good sign.

[bbc.reporter]

@Dogedegen. On the dump being argued as the pure fault of the people, I disagree in this. It can also be argued that because Michael Saylor has transformed into Michael Sellor, this caused the people to dump bitcoin.

On Michael Sellor telling everyone that he never said the company will not sell, I reckon this is certainly a warning sign that Microstrategy will dump more bitcoin worth billions of American dollars.

[Alex077]

In response to the concerns around STRC, Michael Saylor reminded everyone of the moment when he gave his speech back in October 2022.
At that time, Bitcoin was trading around $20,000, Strategy held about 130,000 BTC worth roughly $2.6 billion, and MSTR shares were around $24 adjusted for splits.
https://x.com/saylor/status/2068278654455488789
Just a few weeks later, Bitcoin dropped below $16,000. The company's debt exceeded the combined value of its Bitcoin holdings and cash reserves by around $300 million, and MSTR shares fell into the $13 range by the end of the year.
But despite all of that, the company stayed focused on Bitcoin and continued executing its strategy.
Since then, Strategy has raised more than $60 billion in additional capital and invested it into Bitcoin, adding over 716,000 BTC. Today, the company's BTC and USD reserves exceed its debt by around $48 billion.
That’s what believing in the long term really means...
Well, what can I say... with arguments like these, it’s pretty hard to argue against him for now. But of course, that’s while there are no major problems yet.

[Dogedegen]

@Dogedegen. On the dump being argued as the pure fault of the people, I disagree in this. It can also be argued that because Michael Saylor has transformed into Michael Sellor, this caused the people to dump bitcoin.

Pure fault may be the wrong wording, but a lot of the fault is of the people. They are trading with sentiment and emotions and the data confirms this for years! I give myself for example, I never sold or bought because someone said something or because I am expecting something of some called cycle or market movements. None of the things going on here have an impact on my behavior, I never dumped during a market panic dump. But since these events do happen and there is plenty of volume and movement this means that many people are doing that! And by doing that they are reinforcing or making such future events worse instead of making them better. If you look at some trading topics in this forum many people will agree that you should not trade this way but then they do exactly what they said it should not be done..

In response to the concerns around STRC, Michael Saylor reminded everyone of the moment when he gave his speech back in October 2022.
At that time, Bitcoin was trading around $20,000, Strategy held about 130,000 BTC worth roughly $2.6 billion, and MSTR shares were around $24 adjusted for splits.
https://x.com/saylor/status/2068278654455488789
Just a few weeks later, Bitcoin dropped below $16,000. The company's debt exceeded the combined value of its Bitcoin holdings and cash reserves by around $300 million, and MSTR shares fell into the $13 range by the end of the year.
But despite all of that, the company stayed focused on Bitcoin and continued executing its strategy.
Since then, Strategy has raised more than $60 billion in additional capital and invested it into Bitcoin, adding over 716,000 BTC. Today, the company's BTC and USD reserves exceed its debt by around $48 billion.
That’s what believing in the long term really means...
Well, what can I say... with arguments like these, it’s pretty hard to argue against him for now. But of course, that’s while there are no major problems yet.

This is only a part of the story, and it does not dismiss any criticism or views against him. Whoever uses something like this to dismiss criticism is wrong. Putting this truth aside, what they have been doing in recent times is horrible. They have added extreme risk and he even started lying publicly, so those are big red flags even if their position is much better than it was before. Both can be true at the same time.

Actually this way of ignoring criticism is very dangerous and is the same thing people did with big scams like Bitconnect or Onecoin. Because some people were making money they were using that as proof that red flags should be ignored. It is very bad.. Instead of being in favor or against something we should provide a deep and detailed analysis and criticism of the thing that we are discussing.

[OgNasty]

Another dilutive buy to be announced tomorrow. Strategy is definitely opening themselves up to a lot of risk by going against the things they said they would do. Saylor really needs the price of Bitcoin to go up so he can get off the hot seat. He’s making a pretty big bet now using money he shouldn’t be betting with (dilutive to shares).

[bbc.reporter]

@Dogedegen. On the dump being argued as the pure fault of the people, I disagree in this. It can also be argued that because Michael Saylor has transformed into Michael Sellor, this caused the people to dump bitcoin.

Pure fault may be the wrong wording, but a lot of the fault is of the people. They are trading with sentiment and emotions and the data confirms this for years! I give myself for example, I never sold or bought because someone said something or because I am expecting something of some called cycle or market movements. None of the things going on here have an impact on my behavior, I never dumped during a market panic dump. But since these events do happen and there is plenty of volume and movement this means that many people are doing that! And by doing that they are reinforcing or making such future events worse instead of making them better. If you look at some trading topics in this forum many people will agree that you should not trade this way but then they do exactly what they said it should not be done..

How can you argue that it is the people's fault if you support this argument with the market is trading with sentiment? This is only a natural process of the market. This is not anyone's fault, I reckon. The cause on negative sentiment, however, was Michael Sellor's dump and negative sentiment causes lower price.

In any case, we wait for what Michael Sellor will do on the months of 2026 hehehe. He might become a forced Sellor hehehe.

[JeffBrad12]

However, it appears that they have 32 years of bitcoin reserve to support dividends. This implies more selling and causing the price not to pump hehehehe.

32 years of dividends means he'd sell roughly 70 Bitcoins per day. Literally nothing if we take into account that the daily trading volume is 100,000+ Bitcoins.

It's not the same psychological effect than his 10,000+ BTC buy orders. But if Bitcoin achieves any meaningful adoption, then these <100 BTC aren't relevant at all.

The framing of that selling spree eventually even could turn from "oooh he's selling we should all sell" into "get the people their Bitcoin back" though

32 years of dividends reserve assuming bitcoin price stay the same throughout. They talked about having 70 years worth of reserve, now it halved since bitcoin is dumping. And yeah we might be better off in the next cycle with less "potential Sellor".

[SquirrelJulietGarden]

How can you argue that it is the people's fault if you support this argument with the market is trading with sentiment? This is only a natural process of the market. This is not anyone's fault, I reckon. The cause on negative sentiment, however, was Michael Sellor's dump and negative sentiment causes lower price.

In any case, we wait for what Michael Sellor will do on the months of 2026 hehehe. He might become a forced Sellor hehehe.

Strategy can sell their coins, surely not sell all their coins, but there is possibility of buying coins again. They just did exactly like this with latest actions of selling and buying bitcoins recent weeks.

The market and the crowd seem to be very familiar with news about purchases of Strategy recent years but they are mostly not prepared for selling actions from Strategy company as well as fuds are prepared to use by market makers. It's not easy to go through fuds like this with many people especially newbies who don't have enough time, experience in the market as well as ability to be not impacted by such fuds used for trigger market falls, dumps, crashes.