Attack on Michael saylor, really unfortunate.

[Marykeller]

The one who tells people "never sell your Bitcoin'' is the one who sold some part of his company, Bitcoin.

What does Michael Saylor's action signify to you? Is it not a form of deceit? Preaching something and doing otherwise.

Michael Saylor shouldn't be held by his words again "Never sell your Bitcoin" For he can have a change of heart about Bitcoin at any time, and dump it in the market.

[akamit]

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."

Saylor's “never sell Bitcoin” was more a personal opinion and long term treasury statement than a hard promise that Strategy will never sell under any circumstances. He spoke in a maximalist fashion and that's why people are criticizing him now, but it's not a lie, it's just overconfident marketing and changing the wording later.

When a company has to sell some of its assets for debt, tax or expenses, it doesn't necessarily mean that he was deceiving everyone from the start.

[Z-tight]

You can have all the praise in the world for Saylor and Strategy, same way others are free to criticise him for the way in which he has acquired all those coins, through debt, and also wonder if it is a sustainable strategy. I do not really care if he sells or not, i know if he continues to sell, weak hands would follow after him and the price would drop, but that is all for the short term. And some weak hands would also be purged out of the network as a result, which is a positive.

[Dr.Bitcoin_Strange]

Criticism is normal, anybody can be criticized mate, Sailor must have laid down footsteps that some persons or company followed but it doesn't mean that people will just turn blind eyes to what is going on right now, people can make mistakes in business or in their company and even run into losses and in this situation Saylor is making a big mistakes and people are disappointed in him including myself, I used to think so highly of the man and the company but making a decision to sell Bitcoin in this bear market is not something that is so good because these coins doesn't belong to only him or to one person, it's an investment of many.

[yhiaali3]

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."

Saylor's “never sell Bitcoin” was more a personal opinion and long term treasury statement than a hard promise that Strategy will never sell under any circumstances. He spoke in a maximalist fashion and that's why people are criticizing him now, but it's not a lie, it's just overconfident marketing and changing the wording later.

When a company has to sell some of its assets for debt, tax or expenses, it doesn't necessarily mean that he was deceiving everyone from the start.

Yes, we can't call it deception or lying in the literal sense, but we can call it misinformation or disappointment....
Some people trusted Michael Saylor's belief in Bitcoin so much that some considered him a role model for Bitcoin faith. Therefore, their shock at Saylor's actions was immense, and they began attacking him.

How can he tell people "never sell Bitcoin" and then start selling himself? No one will believe him anymore.

[marrcelo]

Michael Saylor said he wouldn't sell his Bitcoin but him having sold was a good thing, showing that he doesn't care about opinion, what matters is the health of the company, if he sells to pay debt or dividends he did right, with what he did wrong is selling now at the low, if he sold above 100,000 dollars it would be a good sell. Criticism are fair yes because he's dealing with other people's money and if the company goes bankrupt Bitcoin would be very affected, dropping a lot, and lots of criticism would affect Bitcoin's credibility. For a time of course Bitcoin will recover, Bitcoin is much bigger than Michael Saylor, he has a very big responsibility, that's why criticizing is a duty.

[retreat]

Everyone has their own right to criticize. You can't say those people are to be pitied, because they're simply expressing their opinions based on what they've observed. Especially when Saylor acted differently than he had previously stated, not selling his Bitcoin holdings, people said he was deceiving the public. You could say it was a necessary move and part of their strategy. But people saw it as contradicting his previous statements, and it undermined public trust in him – even though he continued to accumulate Bitcoin as he had always claimed.

[tread93]

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.

Yeah I mean what do you expect him to do though? He still has obligations to his shareholders and the bag is down in a bear and what do you hear? He hears Sell sell sell from his board and everyone else thinking he is a big idiot now. Look back 6 months and he was a genius. He should have sold x amount at the peak to cover at least 5 years worth of dividends so that he didn't have to worry about this shit and hedge his bet with some security on cash flow back into shareholders pockets which is imperative to his company. But hey i'm not sure exactly what that translates to financially and how much money that would have really taken to achieve. Probably a butt load.

[Free Market Capitalist]

Haha! Here's another moron on the forum who has no idea what he's talking about and is going on and on about Saylor.

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.

Actually, if you knew anything about the subject instead of starting BS threads, you'd know that it has contradicted itself on all its fundamental tenets, but no, you have to start a thread spouting nonsense based on the two things you've seen about the subject.

This BS thread is really unfortunate but it just adds up to the list of BS threads about the subject where people who have no idea can shitpost about it.

[JeffBrad12]

Criticism isn't equal to attack. I don't understand why some people had to make it black and white. If you're not siding with someone you're their enemy, that's not how it works.
I've personally made profit from its "depegging" but it's overall a failed stock, I wouldn't hold it for more than a week because in my opinion it's risky.

Saylor is running a company and not charity. Whatever decision he has made whether to buy bitcoin in bulk or selling it was to make profit and on top of that, it's public listed company. You know what it entails right?

[Boy_chef]

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...

So you want them to sell all their holdings?

I got lost when you said it's disappointing since they are still a big whale, because I taught when Bitcoin are stored up without being used in circulation, it actually increases the value since it's limited but if the company Micro strategy which is holding such amount decides to sell off all don't you feel it will affect the price value a little bit if not in a big way. For some time now I have heard people saying that even the lost Bitcoin that are off no access again contribute greatly to every other person's interest that is having Bitcoin in their wallet in aspect of the price volatility.

[aoluain]

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...

So you want them to sell all their holdings?

I got lost when you said it's disappointing since they are still a big whale, because I taught when Bitcoin are stored up without being used in circulation, it actually increases the value since it's limited but if the company Micro strategy which is holding such amount decides to sell off all don't you feel it will affect the price value a little bit if not in a big way. For some time now I have heard people saying that even the lost Bitcoin that are off no access again contribute greatly to every other person's interest that is having Bitcoin in their wallet in aspect of the price volatility.

Its not about the price, its about the distribution of the coins. Its 'healthier' for the network
to have fewer Whales and more minnows and in a way enhances decentralisation. Dont
worry about the price in relation to any event including Micro Strategy selling off a small
percentage of their holdings because the market always 'returns to normal'. A bit like a
rock thrown into a calm lake, it creates ripples and waves but returns to calm eventually.

Anyway, seeing how the thread is about Michael Saylor, I believe he hasnt sold any of his
personal Bitcoin holdings - i may be corrected on that
As regards Micro Strategy, does he have the sole authority to make a sale? does it go
before a board?

[Die_empty]

Yes, we can't call it deception or lying in the literal sense, but we can call it misinformation or disappointment....
Some people trusted Michael Saylor's belief in Bitcoin so much that some considered him a role model for Bitcoin faith. Therefore, their shock at Saylor's actions was immense, and they began attacking him.

How can he tell people "never sell Bitcoin" and then start selling himself? No one will believe him anymore.

We also can't call it misinformation, because "never sell Bitcoin" was his personal view. I don't think he forced anybody to adopt his strategy then. This is the problem people have: trusting someone without due diligence. Come to think of it, is it possible never to sell your Bitcoin? It's not because you would sell it someday. Humans are not static because their views and beliefs can change under certain conditions. So I don't blame Michael; he just changed his mind.

The lesson is clear: don't invest in an asset based on what an individual or organisation says. Do it because you are convinced that you would achieve your goal based on your research.

[YellowSwap]

Can we live this life in peace without someone around you or in your family criticising you? It's impossible, at one point in your life someone will criticise you, funny enough you might be doing something right for yourself but in their mind you are going down the drain.

The money that Saylor lost so far, is the money his? 

Anyways, maybe we will have one or two to learn from this, I am still looking at people who are investing into STRC kinda investment as fools, sorry to say this out loud, the reason why I invested in Bitcoin is because it's truly mine.

I still prefer BTC over anything else.

[Lucius]

~snip~
How can he tell people "never sell Bitcoin" and then start selling himself? No one will believe him anymore.

It's not about what someone said, it's about people trusting a complete stranger and making important financial decisions based on such statements. It was quite logical that sooner or later his business model would have to reach the point where he would have to start selling BTC. Anyone who doesn't understand that the price of Bitcoin cannot constantly go up is living in a complete illusion.

My opinion is that Saylor may have expected that someone else would follow him and buy coins like him, and that spot ETFs would further stabilize the price - but as in every previous cycle, a correction happened and we are where we are now.

[test2026]

Can anyone explain why they are in loss even after accumulating bitcoin in stages and bitcoin price going up each time ?

[Synchronice]

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.

Is he an opportunistic? Sure, he is and that's normal. Every Bitcoin holder is potentially an opportunistic, especially early Bitcoin adopters who held coin for a long time, they are all opportunistic, we all want financial benefits.
At the same time, he transformed Bitcoin from an asset held by individuals to something that corporations could also held, i.e. he became a top example for other companies and businesses with his success, so we have to give this guy merit for this too but people always see bad through everything.

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.

He doesn't deserve any blame, even though he lied. You know why? Because he is a businessman. You should blame yourself when you demand wrong things from wrong person. No one should demand any kind of loyalty or any kind of truth from businessmen, as well as from politicians.

[BlackHatCoiner]

Saylor has done more for corporate Bitcoin adoption than almost anyone else, and Strategy's play is a long-term treasury strategy. I highly doubt they had not planned for a bear market scenario like this.

Saylor is living in the real world with duties and investor dividends that need to be paid, not in some libertarian utopia. And the guy is still massively net-long on Bitcoin. People need to zoom out and look at the bigger picture.

Can anyone explain why they are in loss even after accumulating bitcoin in stages and bitcoin price going up each time ?

The equity value of the company has skyrocketed since March 2020. What is currently in a loss is the cost basis of the Bitcoin they bought. (average cost basis is ~$75k)

[yhiaali3]

~snip~
How can he tell people "never sell Bitcoin" and then start selling himself? No one will believe him anymore.

It's not about what someone said, it's about people trusting a complete stranger and making important financial decisions based on such statements. It was quite logical that sooner or later his business model would have to reach the point where he would have to start selling BTC. Anyone who doesn't understand that the price of Bitcoin cannot constantly go up is living in a complete illusion.

My opinion is that Saylor may have expected that someone else would follow him and buy coins like him, and that spot ETFs would further stabilize the price - but as in every previous cycle, a correction happened and we are where we are now.

Yes, it's all about trust, that's exactly what I meant. People trusted Sailor because they saw him as a practical role model for believing in Bitcoin, as he continued to buy even during peak times and did not sell despite the difficulties.

Therefore, they thought he would never sell, and now they were greatly disappointed when he started selling and thought that he had deceived them. If he had been transparent with them from the beginning, he would not have received all this criticism and blame.

[CryptoHeadlineNews]

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.

I totally disagree with you about your statement regarding Michael Saylor to have lost $10 billion o borrowed money, because I think the right phrase you should have used is that over $10 billion was depreciated and not lost, because if the price of Bitcoin rises back to above $100k per BTC, he will definitely recover those money back and even make more interest on it. Because inasmuch as Michael Saylor never sells his Bitcoin and still holds on to it till next bull run, he won't lose. And all he needs to do is draft a new contract with his investors, since it is obvious that majority of the money which he used in buying his Bitcoin were shares from the several people who invested in his company Microstrategy.
However, Microstrategy as a cooperate institutional body remains the highest to own the highest number of Bitcoin (i.e 843,775 BTC), which means even if they sell half or their holdings, they will still remains the top company to have the highest number of Bitcoin. Follow by Twenty One Capital that has over 43,514 BTC and Metaplanet with 43,000 BTC.