Strategy keeps buying while others fear

[Chinesebaby]

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.

Michael Saylor is one individual who understands how the Bitcoin markets work the most, which is why you see him buy Bitcoin when everybody is scared and selling off their bitcoins due to fear, uncertainty, and doubt of the unknown. So i'm not surprise to see that he just added an extra 811 Bitcoin worth over $65.5 million to his company's portfolio. Because considering the fact that he has spent $65.26 billion just to purchase over 849,327 BTC. Then it's obvious that with the current price of Bitcoin at $77,800 per BTC. Then it means that (849,327 BTC x  $77,800 = $66billion). And it still shows that if you are to calculate cumulative outcome, he is still on profit.

[Sanitough]

I have to agree on this. This could boost bitcoin enthusiasts to stay driven with bitcoin while others continue to be fearful and sell in panic.  Because we all know what is happening at the moment is just temporary, the market will be stable again and bitcoin will recover and create another impressive progress more than we know.

Strategy has never fail us, they just prove that they are not faking their intention but are genuine to bitcoin. Otherwise, they could have led the massive panic selling and withdraw their huge amount of bitcoin.

[OgNasty]

Strategy was selling the bottom of the market and the death spiral created with preferred shares was the reason for all of the fear.

I don't think this thread reflects reality.  The guy who caused the panic then sold the bottom of the market was not buying when others were fearful.  Strategy was panicking and would have sold billions more in Bitcoin if the market didn't recover before they had the chance (they already approved the sale).  Timing is what stopped Strategy's disaster trading, not anything they did.  They did everything wrong.  Now they're back to buying the short term high after getting approval to sell the lows, and will probably end up selling that BTC at a loss if we do revisit the lows.

[Agathamay]

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.

I have not really heard or paid any obvious attention to strategy and their buying power but reading this post has burst my head because with what I'm seeing, I don't know if anyone has gotten this huge amount of holdings but I think this is the practical definition of whales because if strategy decided to sell, it will make an extremely effect on the market and yes this their recent move of buying in such a time is a good one and it will truly also boost the confidence of other small buyers and I applaud them for this.

[Franklyn-wood]

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.

Strategies sees future in whatever they are doing even when the pressure in the market and it speculation, Bitcoin traders needs to be bold and fearless while making decisions concerning there investment and by so doing that every thing will pay off when patiently waited.
Having enough funds not in use could help to strengthen the mind to store Bitcoin untill price raise. Using funds ment for other purposes which may increase the need to sell off to buy another coin or use the money for other business available.

[WatChe]

You're right, Bitcoin was already on the downtrend cause it dropped from mid 80k mark towards 79k before the hack so it didn't affect it much, 70k is a good buying opportunity, i heard some folks wish it goes below that so they can buy more ahead of the new year. Those who fear to buy as it goes lower would regret but the main regret would be on those who sold after the hack out of panic cause it would still recover with time. If institutions can take advantage of the dip, more individuals should learn to do so as well.

When the Bitcoin price goes up, there are people who make their mind that they will buy Bitcoin when price will do down but they refrain from buying because there is so much FUD spread in the market at that time. Last time when Bitcoin went down to 60k and that was an ideal time to buy Bitcoin but there were speculations in the market that price will go down to 40k or 30k. Having said that whales are called whales not only because they have huge capital but they also have strong nerves to buy Bitcoin when else don't have the courage. Also whales don't panic in case there is event like Binance hack and these are things we as individuals can also copy to secure our profit.

[Peanutswar]

It is just a reflection that there are some institutions really trusted the bitcoin potential, so if they trusted this coin why not you too right? but well they are a large hodlers right now so basically if they wanted to make a huge dump with the market they can because they even got the coins at the bottom at the end they are still profitable now all we can do is proper risk management and watch the markets next move so we can anticipate our next thing to do. Right now doing the same thing which is DCA until for the next coming years.

[Aliciaworld]

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.

There's definitely some fear in the crypto ecosystem but I wouldn't say the population is panic selling because I've personally not seen that in play, despite the dip in the price of Bitcoin, long term investors like Michael Saylor's Strategy and others keep stocking up on Bitcoin increasing their holdings and improving the percentage of Bitcoin they control. This should be a message to everyone that the future is still very promising.