Attack on Michael saylor, really unfortunate.

[Olotu20]

With a recent move by Michael Saylor and his company strategy trying to sell part of their Bitcoin holding, many has read some meaning into it . Many has even viewed Michael saylor as an opportunist who used strategy his company just to cash out , after making people to invest in his company. Out of the blue Michael saylor announced that strategy will be selling part of their holdings, so that they can use it and settle dividends of investors. But before we throw stones at him we should know that, Michael saylor is widely regarded as the father of Bitcoin institutionalization because he transformed Bitcoin, an  asset which was held by only individuals into a strategic treasury reserve which is now embraced by plenty of corporations today.we should know that Michael saylor inspired many companies and institutions to critically consider Bitcoin as a long term store of value.

I want to say that, when Michael Saylor sells a small portion of his Bitcoin holdings, it should  never be seen as abandoning Bitcoin or just using Bitcoin to cash out on peoples investments. It's the duty of responsible investors to occasionally sell assets for legitimate business that will balance up the financial records of a company or even business such as tax obligations, personal financial planning, portfolio management and payments of dividends to investors.

It is pitiable to see people criticize Saylor for his recent moves concerning his Bitcoin holding, Michael saylor has consistently maintained his long term conviction in which he still has in Bitcoin, plus we should not forget that the vast majority of his holdings still remains intact. Michael saylor has always  talked about long term accumulation to be always preferred showing that institutions can both acquire and manage Bitcoin which paved the way for broader corporate adoption. Rather than criticize the sale made by Michael saylor, People should know that Michael Saylor's contribution to the Bitcoin ecosystem is proving that Bitcoin can also be something that corporations can invest in. His vision has helped accelerate institutional acceptance and has changed how the financial world views Bitcoin today plus Michael saylor has consistently bought Bitcoin making his company strategy the highest holder of Bitcoin.

[Kruw]

But before we throw stones at him we should know that, Michael saylor is widely regarded as the father of Bitcoin institutionalization because he transformed Bitcoin, an  asset which was held by only individuals into a strategic treasury reserve which is now embraced by plenty of corporations today.

Michael Saylor is widely regarded as Bitcoin's biggest failure, losing over $10 billion of borrowed money. That's more than FTX and Mtgox combined.

[treesintheforestooh]

Michael Saylor is widely regarded as Bitcoin's biggest failure, losing over $10 billion of borrowed money. That's more than FTX and Mtgox combined.

Holy cow.

Is that really where it all stands now? -$10B? <smh> Yeesh.

[Kruw]

Holy cow.

Is that really where it all stands now? -$10B? <smh> Yeesh.

Yeah, he might be the poorest person on the entire planet.

[NotFuzzyWarm]

Meh
As far as corporate debt goes it's better than Dish network that has finally filed for bankruptcy. They are at $25billion in losses. https://ir.echostar.com/news-releases/news-release-details/dish-dbs-corporation-and-subsidiaries-initiate-prepackaged

[Catenaccio]

It is pitiable to see people criticize Saylor for his recent moves concerning his Bitcoin holding, Michael saylor has consistently maintained his long term conviction in which he still has in Bitcoin, plus we should not forget that the vast majority of his holdings still remains intact.

Pitiable, I really don't think so.

People have freedom to do that and even before the sale from Strategy weeks ago, there were many people who criticized and warned the high risk of Strategy's strategy. Are their actions pitiable too? Again, I don't think so.

Let's say if Strategy are strong, careful and actually use a good strategy for their company, their company will become stronger and bigger with time together with Bitcoin growth from value, adoption to price and trading volume. What can not kill you, make you stronger, as the saying goes and it is absolutely true. Like Bitcoin has been stronger a lot over years by surpassing many "Bitcoin is dead" callings.

[yhiaali3]

No one blames Saylor for selling part of his company’s Bitcoin, as it is his money and he is free to do with it as he pleases. But the community blames him for the lies and deception he has practiced for a long time on the Bitcoin community while promoting his theory of "never selling Bitcoin."

If he had been honest from the beginning and hadn't lied, no one would have attacked or criticized him, because it is normal for a profit-making company to sell a portion of Bitcoin to obtain profits and cover its expenses. But everyone criticizes him because he was cunning like a fox and didn't tell everyone his true strategy from the beginning.

[Kruw]

No one blames Saylor for selling part of his company’s Bitcoin, as it is his money and he is free to do with it as he pleases.

It's not his money, he borrowed it.

[X-ray]

Saylor roundtripped when he released digital security which includes preferred stock which forced him to increase cash buffer so the market confidence on his preferred stock goes up again.

Even after selling 3,5k BTC which equal to $216 million the preferred stock still trade under the price it's supposed to trade.

People criticizing it because it could cause cascading dump.

[PostQuantumBTC]

Michael Saylor is widely regarded as Bitcoin's biggest failure, losing over $10 billion of borrowed money. That's more than FTX and Mtgox combined.

All the critics should not worry, the bull market will come again and they will see the loss turned profits. I do not know about the future, bit as if now, I do not see Michael Saylor as a failure or bitcoin biggest failure. I see Strategy as a treasury that will grow bigger in the future but they need to be smarter than do go for aggressive buyin at very high prices.

[davis196]

It is pitiable to see people criticize Saylor for his recent moves concerning his Bitcoin holding, Michael saylor has consistently maintained his long term conviction in which he still has in Bitcoin, plus we should not forget that the vast majority of his holdings still remains intact. Michael saylor has always  talked about long term accumulation to be always preferred showing that institutions can both acquire and manage Bitcoin which paved the way for broader corporate adoption. Rather than criticize the sale made by Michael saylor, People should know that Michael Saylor's contribution to the Bitcoin ecosystem is proving that Bitcoin can also be something that corporations can invest in. His vision has helped accelerate institutional acceptance and has changed how the financial world views Bitcoin today plus Michael saylor has consistently bought Bitcoin making his company strategy the highest holder of Bitcoin.

I honestly don't care about what Michael Saylor says or does. He has the right to sell BTC. I don't mind him selling a part of the Bitcoin under his control, but I really understand the people, who are angry at Saylor, because he should've kept his mouth shut instead of yapping about "never selling Bitcoins".
What exactly is Saylor's "contribution to the Bitcoin ecosystem"? I don't know about Saylor having any positive impact over the BTC blockchain and protocol. Saylor just runs an investment fund, that buys and HODLs Bitcoins. I don't consider this to be a "contribution to the ecosystem".

[Olotu20]

Michael Saylor is widely regarded as Bitcoin's biggest failure, losing over $10 billion of borrowed money. That's more than FTX and Mtgox combined.

All the critics should not worry, the bull market will come again and they will see the loss turned profits. I do not know about the future, bit as if now, I do not see Michael Saylor as a failure or bitcoin biggest failure. I see Strategy as a treasury that will grow bigger in the future but they need to be smarter than do go for aggressive buyin at very high prices.

You are right, calling Michael saylor a failure is one thing that is out of place, just as you have rightly said I believe that all these noise is as a result of the current market price. By the time the Bull season begins I don't think that people will still see strategy in thesame way like they are seeing it now.

[NotATether]

For fucks sake. You made me believe he was attacked by armed robbers.

You should use a more specific title for your post next time.

Holy cow.

Is that really where it all stands now? -$10B? <smh> Yeesh.

As long as he does not default, that money might as well be $0.

Unrealized losses and gains can evaporate quickly as time moves forward.

In fact, I have personally experienced something like this but at a much smaller scale. Not millions or billions obviously, but I would say thousands of bucks.

[348Judah]

With a recent move by Michael Saylor and his company strategy trying to sell part of their Bitcoin holding, many has read some meaning into it .

People can keep saying whatever they like to say concerning them, all these does not move their strategy or change their decision and pattern of investing and selling, bitcoin market is so widely open and ready to accommodate anyone that is willing to invest or sell as long as we are taking an order on our own decision to sell or buy at a particular given time.

Many has even viewed Michael saylor as an opportunist who used strategy his company just to cash out

You will keep hearing various complicating views about microstrategy from the internet, after all, they are not stopping anyone from investing as well, I don't know when it becomes a crime for you to have enough holden capacity and be willing to do so.

[Lucius]

With a recent move by Michael Saylor and his company strategy trying to sell part of their Bitcoin holding, many has read some meaning into it . Many has even viewed Michael saylor as an opportunist who used strategy his company just to cash out , after making people to invest in his company. Out of the blue Michael saylor announced that strategy....

Do you know that the first and last names of people, as well as the name of the company, are written with the first capital letter? Besides, aren't there already enough topics about Saylor and his business moves?

[Alpha Marine]

Are all these really necessary?
People have been calling out his business model for years. It didn't start now. If he were doing the same thing in any other sector unrelated to Bitcoin, he would still get the same treatment.
It's a free world, and people are allowed to say their opinions about anybody and how they run the company, especially if it's a publicly traded company.

"Father of Bitcoin institutionalisation"
So what? Should I respect a person because his company holds bitcoin to make a profit? If I am doing that, what should I do to the early adopters of Bitcoin who were preaching and teaching Bitcoin and were even giving out free Bitcoin so that people can be educated on what Bitcoin is?
Am I supposed to be applauding Trump, too, for holding $1 billion in Bitcoin?

[justdimin]

No one blames Saylor for selling part of his company’s Bitcoin, as it is his money and he is free to do with it as he pleases. But the community blames him for the lies and deception he has practiced for a long time on the Bitcoin community while promoting his theory of "never selling Bitcoin."

If he had been honest from the beginning and hadn't lied, no one would have attacked or criticized him, because it is normal for a profit-making company to sell a portion of Bitcoin to obtain profits and cover its expenses. But everyone criticizes him because he was cunning like a fox and didn't tell everyone his true strategy from the beginning.

No matter what he used to say, people should have been wise enough to understand that any company or individual investing money into Bitcoin and cryptocurrencies are eventually doing it for making more money, so you can't take his words literally and think that he would actually never sell just because he is saying it. Any person, firm, or company that invests in Bitcoin will keep taking profits, buying again, and doing that same thing again and again to make profits and keep things running, so I think the reactions of the people about this are a bit overagressive for no reason.

You should use a more specific title for your post next time.

Lol, I thought the same thing. I thought his company selling bitcoins and all those things are now old and it is something new so maybe he actually got attacked by thieves or robbers for his bitcoins and money just like how normal people are targeted through wrench attacks worldwide. The title was definitely misleading for this one.

[Cryptomultiplier]

Are all these really necessary?
People have been calling out his business model for years. It didn't start now. If he were doing the same thing in any other sector unrelated to Bitcoin, he would still get the same treatment.
It's a free world, and people are allowed to say their opinions about anybody and how they run the company, especially if it's a publicly traded company.

"Father of Bitcoin institutionalisation"
So what? Should I respect a person because his company holds bitcoin to make a profit? If I am doing that, what should I do to the early adopters of Bitcoin who were preaching and teaching Bitcoin and were even giving out free Bitcoin so that people can be educated on what Bitcoin is?
Am I supposed to be applauding Trump, too, for holding $1 billion in Bitcoin?

What Michael Saylor has been doing with MSTR is more or less is using Bitcoin to rebalance the company reserves and service corporate liabilities and that's exactly what a matured corporate Treasury does, so why the hate attack or hate speech from most persons that even go as far as blaming him for the dip that happened when he liquidated a sizeable chunk of his Bitcoin portfolio?
It's just a means to an end if you ask me, because as a retail holder I believe there's a target timeline in mind to liquidate or diversify your assets into physical and tangible wealth and it's left for you to keep accumulating or not. That's exactly what he's doing too.

Even after the incident he continues to assure the public of his commitment to accumulation of Bitcoin and he's doing so among others who are silently doing same thing without the media talking about it or voicing it out to the public.

Microstrategy still remains the largest corporate holder of Bitcoin because they led the line and laid a blueprint for institutional adoption since the launch and rise of ETF.

[Cookdata]

I don't see any big deal here, I attacked other financial institutions and how the government prints money year for their needs and I don't think my words even get to them, similarly Strategy careless what about people's opinion. What you need to know is that before they started this jounry, they know very well what was at stake especially the bear market but like other unforseen circumstances, there must be challenges even if you have a plan or a road map.

What I have accepted is the fact that Saylor and strategy are going to sell some part of their Bitcoin and they will buy at a given opportunity, there is no point in making this a big deal or listen to what critics are going to say, people with different opinions are going to voice out, it's left for you to listen or face your portfolio. It will do you good if you even stop this Saylor Bitcoin opinions, he will do what he want regardless but his actions can't stop the fundamentals and the price growth.

[pooya87]

People should always encourage whales and "centralized" corporations to sell their bitcoins and shrink their "size" as a whale. It is an excellent thing for the market and for distribution of bitcoins.

Although I have to say that in this particular case the amount of coins sold may look big ($216 million or 3588 BTC) but it is a small percentage of what they totally own which is I believe about 0.4% of their total 840k coins!
So it is disappointing since they are still a big whale and that's bad...