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.

[MainIbem]

...

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.

The mistake some folks make it trying to accumulate Bitcoin based on speculations which ends up in unplanned procrastination that lead to delay of investment even when there's funds avaliable to buy. Bitcoin at 60k is a huge opportunity but then some would be focused on speculations and assume that the market would actually drop further so they can buy, that's wrong cause it's t's not good to wait for the dip but rather buy consistently, if Strategy could buy using DCA strategy i wonder why some individuals would think that waiting for the dip is the best option.

[Nathrixxx]

Continuous buying of Bitcoin is not something we should compete with others; we all have different strengths and weaknesses in how much we can afford to invest at any given time. MicroStrategy is setting the pace for its investments due to its efficiency in planning and how much it can afford based on its capacity. Many seeing this may be intimidated, thinking this is just an advantage they are taking, but the actual fact is that everyone should rather sit down to plan their way out on what can be profitable for them differently or similarly.

[Bitcoin_people]

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.

Strategy has planned to invest in Bitcoin for a long time and their investment is not stopping but continuing. In the recent Binance exchange hack, many are afraid to buy Bitcoin and many have sold it. In such a situation, another great news that has given us more hope, Strategy's 811 BTC purchase report will inspire many to buy. It was great that this company bought so many Bitcoins with such courage in the midst of a major hacking incident. Moreover, we can already see that Bitcoin has fully recovered its value. The market fell slightly due to the hacking incident but now it has returned to normal. However, if we invest in Bitcoin for a long time, then we will never have to worry much about such a bad situation in the market.

[terrific]

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.

It won't be surprising if in the near future that they'll have to sell again at lows but not too much of loss.
The loss will be in paper if they have to but, it's not impossible that they'll do the same decision again.
I guess it's the board that's part of the organization that have giving these wrong decisions after all, maybe they'll also learn from that mistake.

[Jubilee58]

The attack of Bitcoin wallets, and exchanges has began long ago, and not just a recent anomaly in the crypto world, and strategy understand this. I equally feel that this hack will not only put fear in the eyes of investors but will also encourage exchanges, wallets, and investors to strengthen their security system as against scammers.
Strategy has been in the business of Bitcoin long time ago, and they understand how Bitcoin investing works even when their is fear in the Bitcoin market knowing too well that there is even more reward to Bitcoin investment when people sell as a result of fear, but this is the time when company like strategy, and other patient investors who understand the market buy.

Strategy remains a role model to many Bitcoin investors because their consistency in purchasing Bitcoin in large amount boost many investors confidence, and if company like strategy doesn't entertain fear purchasing Bitcoin, I think their is no need for individuals to entertain fear too.

[maydna]

Strategy make a good step buying Bitcoin while others fear to buy Bitcoin. They buy at a low and add more amount of Bitcoin so they just wait how big their profit increases. Yes, that is a good thing because that show to others that they are not affect with the hack news. Those who buy at panic moment might buy at the low because the price down for a moment so they are doing the right thing. Strategy benefit at this moment while others still fear to do something and just wait without doing anything.

[Finebone]

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.

They have shown their fate in Bitcoin, because they knows that Bitcoin will keep on acting like Bitcoin, no matter what happens in this crypto industry. Strategy knows that buying now that Bitcoin value is down is an opportunity they might not see again, that's why they are making proper use of the opportunity, while some people are selling in fear.

. The only way the market can be affected after exchange hack is when they are not able to recover and replace stolen assets.

Even though they fails to replace stolen funds and the market is affected, Bitcoin will still recover in no distance time, as it is used to. I personally don't panic when I hear of such news because I know that Bitcoin has survived the worst and it's still here doing well in the market, so why get worried for a news or a situation that will only influence the market short term?
Once you start looking only at the bigger picture, that's when you will know that panicking because of a negative news that will only affect the market for a short time, is a complete waste of time.

[Rruchi man]

While some sold their Bitcoins due to the recent hacks,

Will there ever come a time where the automatic reaction to a sudden negative event involving Bitcoin is not people selling off their bitcoins?
And can we really say the bulk of people selling their bitcoins so easily are only new investors? because old investors can be frustrated too.

A lot is going through my head reading this; a lot of questions are raising concern.

Can being a lone investor, that is, someone who is not a member of any forum like this, make a person more easily frustrated when bad events happen affecting confidence in Bitcoin, because I consider that we are gaining a lot as members of this forum and also investors from the encouragements and solutions to problems that we give oursleves.

[SquirrelJulietGarden]

Will there ever come a time where the automatic reaction to a sudden negative event involving Bitcoin is not people selling off their bitcoins?
And can we really say the bulk of people selling their bitcoins so easily are only new investors? because old investors can be frustrated too.

A lot is going through my head reading this; a lot of questions are raising concern.

In the market, it's huge enough to have different people, and in a live market, there are buying and selling from buyers and sellers. People in Bitcoin market never react in a single way against any news or market movement. There are people who see this as risk and sell to exit, even panic sell while there are other people who view it as opportunity and buy bitcoin.

If all people sold in the past, Bitcoin already fell to $0.
The Bitcoin Crash of 2021 Compared to Past Sell-Offs

[Free Market Capitalist]

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.  

Neither the thread nor most of the comments in it. It’s common for Strategy threads like this one to be filled with generic posts that, to an outside observer who doesn’t know much about the subject, seem to have something to do with the topic at hand but actually reveal a lack of understanding of the most basic concepts.

You only have to look at the fact that the OP himself wasn’t even aware of the Strategy website.

[Ahli38]

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.

It’s no surprise that Strategy is buying Bitcoin as they’ve been waiting for a dip in Bitcoin’s price to execute their compounding strategy as planned. On the other hand Strive reportedly also added 124 BTC bringing their total holdings to 43123 BTC (Source). These companies clearly see a great opportunity to enter the market at a lower Bitcoin price allowing them to get a good discount. I personally think this is just the beginning, where we’ll likely see more large investors or even smart money buying even more Bitcoin in the future. Perhaps other major investors are still waiting for an even sharper price drop to enter the Bitcoin market. But I think they’ll simply see Bitcoin’s price continuing to rise because so many people are anticipating this drop so they’ll soon buy Bitcoin at prices around current levels. Bitcoin’s price volatility remains evident due to market resistance as many investors still appear to be selling their Bitcoin. But people’s confidence in Bitcoin won’t disappear just because of this short-term decline.

[Catenaccio]

It’s no surprise that Strategy is buying Bitcoin as they’ve been waiting for a dip in Bitcoin’s price to execute their compounding strategy as planned. On the other hand Strive reportedly also added 124 BTC bringing their total holdings to 43123 BTC (Source)

Strategy is not a company and institutional investor that plan to buy bitcoins when the Bitcoin market has dips, corrections, crashes or bull market drawdowns. If I am not wrong, I remember that Strategy usually buy bitcoin when they have money, and Bitcoin market even falls after their purchases. You can check their bitcoin purchase history, and connects their past purchases with Bitcoin price movements around these days.

I believe that I am right because they bought in bullish days and bearish days. On social media, they always posted that they are bullish about Bitcoin, and will never sell their bitcoins, because they consider "Bitcoin is the end game" but we witnessed how they sold bitcoins months ago.