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

[Free Market Capitalist]

I don't think it's a good parallel to make between Michael Saylor and Do Kwon. What Do Kwon did was associated with the collapse of an entire ecosystem, while what Saylor did was to merely manage a big Bitcoin position.

Haha! The comparison is apt—and even worse for those of us who hold Bitcoin—because in this case, the danger to the Bitcoin is immediate unlike with the Terra Luna collapse that affected the Bitcoin price in a derivative way.

It's true that market sentiment can be shaped by any buying or selling by Strategy due to the size of its holdings. Many traders are used to seeing the news of the Bitcoin purchases and the reports of sales now infuse fear and uncertainty into their minds. But this is what markets do and FUD can have more of an effect on novice investors. Bitcoin value in the long run is driven by adoption and fundamentals rather than by the actions of a single company.

You managed to avoid having your shitpost reported for being low-value because the first thing you said made sense, but this is pure garbage. What reports of sales? There has only been one report of a sale this year. The rest is generic garbage with a lot of words that mean nothing.

[d5000]

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.

For me the reason of the "weakness" of the 2022-25 bull market is due to increased liquidity and less volatility. However, this also works as a "brake" to the downside.

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.

First, nobody is forced to listen to any individual.

Second, Saylor is now in Bitcoin for almost 6 years. MicroStrategy has begun to buy Bitcoin in August 2020. They bought on average around 400 BTC per day. Yes, that looks like a lot. But it is less than 0.2% of the daily trading volume which is about 300-500k BTC. Yes, you'd have to filter out wash and short term trading but it would still be well below 5%.

So he's a large buyer but still other buyers are much more relevant than him.

If he exits Bitcoin, then it would be approximately like 5% of the other Bitcoiners exiting.

[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.

For me the reason of the "weakness" of the 2022-25 bull market is due to increased liquidity and less volatility. However, this also works as a "brake" to the downside.

I don't think that we can simplify it to one source, you are forgetting to bring up paper Bitcoin from which there is an unknown big amount now. This is the primary motivator for which companies don't want to publish proof of reserves in any way, it has nothing to do with security or other claims. Even if we got weak proofs it would be better than nothing, but like this they can't be scrutinized. I recall derivatives also being an instrument that was supposed to tame Bitcoin, someone said it somewhere.

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.

First, nobody is forced to listen to any individual.

I find it better to place responsibility more on the individuals or they are never going to learn. Strategy selling 30 Bitcoin does not have any impact on the market, it does not move the price down even 0.1% because of how good the liquidity is. It is the other people, whether companies or individual people who are selling in response to this even that are causing market dumps. Some sell with anticipation of a dump so they are trying to front-run it which can be less criticized than the other options which are the users that are selling as part of panic dumping. Nobody can force them to do this, but unfortunately it seems we are still far from teaching people not to trade with emotions.

If he exits Bitcoin, then it would be approximately like 5% of the other Bitcoiners exiting.

While it is not going to be the end of the world, I'd prefer that we avoid this scenario and have a more peaceful future. It seems that many forces try to induce as much anxiety in others as possible about any event that is going on in this space..

[d5000]

I don't think that we can simplify it to one source, you are forgetting to bring up paper Bitcoin from which there is an unknown big amount now.

I think this is very speculative, where does your suspicion come from that paper Bitcoin is so relevant that it can really tame down a bull market?

It is the other people, whether companies or individual people who are selling in response to this even that are causing market dumps. Some sell with anticipation of a dump so they are trying to front-run it which can be less criticized than the other options which are the users that are selling as part of panic dumping.

I fully agree, but here I was referring to Saylor's influence with his predictions and "advices" ("never sell your BTC"). I honestly think nobody should give any attention to them, because he's obviously talking from the PoV of his company and will always try to influence the market in the direction it's best for his company.

While it is not going to be the end of the world, I'd prefer that we avoid this scenario and have a more peaceful future.

Me too. Thus I brought up the thought that Saylor could switch, at least in the medium term, to bonds which really give the creditors rights not to payouts in cash but in Bitcoin. This means that in the case of a bankruptcy, the pressure to sell the Bitcoins would be lower if many people switch to Bitcoin-backed assets.