Strategy keeps buying while others fear

[Natalim]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

According to the report,

Strategy now holds a total of 849,327 BTC, with a total purchase cost of around $64.08 billion and an average buying price of $75,451 per BTC. At the reported market value of around $65.26 billion, they are still sitting on an unrealized profit of approximately $1.18 billion or 1.84%

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening. After all, these things will eventually calm down, and people will eventually buy again but those who buy during the time when others are fearful, instead of losing their confidence in Bitcoin, are the ones that will benefit in this kind of market.

[oll]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

According to the report,

Strategy now holds a total of 849,327 BTC, with a total purchase cost of around $64.08 billion and an average buying price of $75,451 per BTC. At the reported market value of around $65.26 billion, they are still sitting on an unrealized profit of approximately $1.18 billion or 1.84%

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening. After all, these things will eventually calm down, and people will eventually buy again but those who buy during the time when others are fearful, instead of losing their confidence in Bitcoin, are the ones that will benefit in this kind of market.

Well, I wouldn't say there's been a panic sell-off in crypto. If you look at the chart, you'll see it's now hit a support level, and I think we'll avoid the crisis at this point, and further organic price growth will begin.
Yes, there's news that some huge whales have left Binance, but I think they'll simply switch to self-custody, which will only increase the chances of them holding on to their bitcoins. The strategy is buying, but are they really a good example of accumulation that respects Bitcoin's principles? They're centralizing coins around themselves, which isn't good. They also own their own shares, and that's also speculation.

[Ziskinberg]

They are not the only ones, there's also another company that has added Bitcoin to its holdings.

Meanwhile, Bitcoin Firm Strive Treasury Ranks Up After Another Big Buy,
They also continues buying Bitcoin, adding another 124 BTC worth around $10 million, bringing their total holdings to 43,124 BTC.

they are ranked 4 among publicly traded companies, so they are part of the big companies,.
Let's just reflect on that, why would we panic if they are buying.

[Oshosondy]

Some people and companies can be panic, but not everyone and companies are panic. I read a news today that Strive also bought bitcoin. The company bought 124 BTC for about $10 million between Oct. 24 and Oct. 30 at an average of $80,526 each, bringing its total to 43,124 BTC.

If you are interested in the news, this is it:
https://decrypt.co/382385/bitcoin-firm-strive-treasury-ranks-another-big-buy

[Free Market Capitalist]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

Do you really have to start this stupid thread, twisting what the article says? You call buying 811 Bitcoin “aggressive” when the record is 55,000 in a single week?

For sure, you haven't even checked the data:

https://www.strategy.com/ledger

There's already a quality thread where all these purchases are being discussed; there's no need for you guys to keep starting these crappy threads just so they get filled with shitposts.

[Natalim]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

Do you really have to start this stupid thread, twisting what the article says? You call buying 811 Bitcoin “aggressive” when the record is 55,000 in a single week?

I did not twist it, that is just my own definition of aggressive because of the current situation, that's why I posted this to share that despite that some people panic they are doing the opposite.

maybe let's change that to "significant" instead of aggressive if that's a more suitable term.

For sure, you haven't even checked the data:

https://www.strategy.com/ledger

There's already a quality thread where all these purchases are being discussed; there's no need for you guys to keep starting these crappy threads just so they get filled with shitposts.

Thanks for sharing, I wasn't  aware of that site.
I read the news and find it worth sharing, that's why it's here,(if mods find it spam, please delete it, i won't argue)

I understand just now that there is a specific thread for strategy, but I hope you will get the point of this thread so you'll not call it a crappy thread.

I'm sharing to try to calm those who are panicking.   
peace

[Awaklara]

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening.

The hacking incident that just happened is not necessarily scaring away or losing confidence from those who haven’t bought. It is also possible that they are still waiting for the best price to buy. Everyone's strategy is different; not everyone will have the same calculations and purchase plans. People will buy based on their buying capacity. Bitcoin's price has not continued the downward trend; hopefully, it will soon strengthen and there will be a price increase again.

[Natalim]

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening.

The hacking incident that just happened is not necessarily scaring away or losing confidence from those who haven’t bought. It is also possible that they are still waiting for the best price to buy. Everyone's strategy is different; not everyone will have the same calculations and purchase plans. People will buy based on their buying capacity. Bitcoin's price has not continued the downward trend; hopefully, it will soon strengthen and there will be a price increase again.

yes they are different from us since they have the capacity and one thing that really surprised me is their unrealized profit, what the hell just over 1% for that huge purchase?

Well, I know it does not matter since they are holding for the long term but I still can't get that 1% out of my mind. 

[Franctoshi]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

According to the report,

Strategy now holds a total of 849,327 BTC, with a total purchase cost of around $64.08 billion and an average buying price of $75,451 per BTC. At the reported market value of around $65.26 billion, they are still sitting on an unrealized profit of approximately $1.18 billion or 1.84%

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening. After all, these things will eventually calm down, and people will eventually buy again but those who buy during the time when others are fearful, instead of losing their confidence in Bitcoin, are the ones that will benefit in this kind of market.

The whales, or the smart money guys, see FUD as a good thing because it gives them the opportunity to buy Bitcoin at a cheaper or discounted rate because the psychology of the market has been this way. The majority of people tend to sell their Bitcoin or their portfolio when there's fear due to war, sanctions, the pandemic, geopolitical tension, and a whole lot more. These whales have mastered this and always take advantage of it because they understood the game and that the retail investors will always behave in the same way.

[boyptc]

They made it clear before that they'll continue to buy no matter what the market situation is. The last time they have sold, was needed for them to fulfill their obligations on their investors.

I think that there are also other institutions that are buying but, it is not publicized and not documented because they're not doing it just as how Strategy is doing it.

This is the timing that they're waiting for, whenever the market is bloody that's the ideal time for them to have more bitcoins.

[BlackBoss_]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening. After all, these things will eventually calm down, and people will eventually buy again but those who buy during the time when others are fearful, instead of losing their confidence in Bitcoin, are the ones that will benefit in this kind of market.

Strategy can buy bitcoins if they want and are able to manage their funds for purchases but what happened with them months ago is a very big reminder for them. They over leveraged and had to learn a lesson from their risky approach but months later they did not change anything.

Generally, if they buy bitcoin, it's good for Bitcoin market at that time with new capital, new buying demand but in long term, if Strategy don't change their risk and capital management, I am really not sure how their company will face with in the future. Historically, in finance, over leverage, bad risk and capital management usually lead to very terrible ending.

We as individual retail investors can do our own jobs, accumulating and DCA Bitcoin, and if we can have good risk and capital management, we can get good profit, and it's all we have to care about.

[Maslate]

I think that there are also other institutions that are buying but, it is not publicized and not documented because they're not doing it just as how Strategy is doing it.

This one,

Bitcoin Firm Strive Treasury Ranks Up After Another Big Buy,

I think they are a big company as well, but some might not know them since Strategy is undeniably the most popular, being the top Bitcoin accumulator among corporate investors.

This is the timing that they're waiting for, whenever the market is bloody that's the ideal time for them to have more bitcoins.

We've seen worst than this it the past, I think banning bitcoin is even worst than these exchanges being hacked, and we survive many dumps before, so it's an easy decision to buy during the dip. I would say great job for them, they help bring confidence on those who are in doubts.

[boyptc]

I think that there are also other institutions that are buying but, it is not publicized and not documented because they're not doing it just as how Strategy is doing it.

This one,

Bitcoin Firm Strive Treasury Ranks Up After Another Big Buy,

I think they are a big company as well, but some might not know them since Strategy is undeniably the most popular, being the top Bitcoin accumulator among corporate investors.

Interesting, they have a total of 43k BTC based on their data --> https://strive.com/treasury?tab=acquisitions

So, they certainly is a big company but incomparable to Strategy. As these data and companies are not being put into headlines, this is what I am saying that others are accumulating silently too.

Although for Strive, their average buying price is at $87k.

This is the timing that they're waiting for, whenever the market is bloody that's the ideal time for them to have more bitcoins.

We've seen worst than this it the past, I think banning bitcoin is even worst than these exchanges being hacked, and we survive many dumps before, so it's an easy decision to buy during the dip. I would say great job for them, they help bring confidence on those who are in doubts.

Not only the banning but what if these treasuries will be the next target of these hackers. But I hope they're already doing certain measures in protecting what they hold.

[Btcdeybodi]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

Strategy has never been moved by FUD as they buy more Bitcoin anytime, anyday and at any price so the recent hacks that happened is not enough to stop them from continuous purchases.

For the fact that an exchange was hacked didn't mean that people will rush and start selling their Bitcoins, they can only withdraw the Bitcoins to a safer non-custodial wallet or another exchange wallet. The only way the market can be affected after exchange hack is when they are not able to recover and replace stolen assets.

[YellowSwap]

I know I am not as big as Strategy but I don't chickened away while the market is dropping hard, I have been busy scalping up some Bitcoin here and there too, the more time you spent in this crypto space the clearer things becomes, it's if you like to keep learning.

It's going to be hard as a newbie to stay focus because there is always a first time for everything, I was a scaredy cat when I found crypto in the past, I hesitate on taking actions until later on.

I have my bad stories about crypto that can share but I also have some good stories too, I believe if you are ready to keep learning and making some amendments you will do fine on the long run.

[m2017]

While some sold their Bitcoins due to the recent hacks, Strategy continues to be aggressive with buying, adding another 811 BTC worth $65.5 million.

According to the report,

Strategy now holds a total of 849,327 BTC, with a total purchase cost of around $64.08 billion and an average buying price of $75,451 per BTC. At the reported market value of around $65.26 billion, they are still sitting on an unrealized profit of approximately $1.18 billion or 1.84%

For me this is a good thing since although it's just them buying that was reported, it already adds some confidence to people not to feel too much fear despite the recent hacks happening. After all, these things will eventually calm down, and people will eventually buy again but those who buy during the time when others are fearful, instead of losing their confidence in Bitcoin, are the ones that will benefit in this kind of market.

This is certainly a positive news, but why is crypto market not reacting to this news at all? And, for that matter, there have already been several such pieces of news.

It’s the same as always: panic-sellers sell, while far-sighted investors buy - and make a profit.

Could there be a more compelling argument, one that dispels any fear an individual investor might have regarding a price drop, than the fact that large-scale investors continue to buy bitcoin?

Meanwhile, Bitcoin Firm Strive Treasury Ranks Up After Another Big Buy,
They also continues buying Bitcoin, adding another 124 BTC worth around $10 million, bringing their total holdings to 43,124 BTC.

To be honest, a $10 million acquisition, when compared to the moves made by other companies, looks a bit underwhelming, if not outright laughable. Still, it is an acquisition nonetheless. Why isn’t bitcoin growing? Or has it perhaps entered a phase of stagnation? After all, crypto market didn’t react all that strongly to the hacks of Binance and Polymarket, either.

[SilverCryptoBullet]

This is certainly a positive news, but why is crypto market not reacting to this news at all? And, for that matter, there have already been several such pieces of news.

It’s the same as always: panic-sellers sell, while far-sighted investors buy - and make a profit.

Could there be a more compelling argument, one that dispels any fear an individual investor might have regarding a price drop, than the fact that large-scale investors continue to buy bitcoin?

If it is a new news type, it creates very big effects that are either positive or negative, depends on a new type. With time, similar new type can appear too much and people in the market are already familiar with such news and they no longer react too positively or negatively.

It's how the majority, the crowd in the market usually react but winners in a zero sum market are people who do oppositely than the crowd. If they are panic sell, you must be greedy and be intelligent and experienced investor to buy dips, accumulate cheap bitcoin, and hold to wait for market recovery or best with a next bull run, next market cycle to take profit.