Strategy keeps buying while others fear

[Gentle_Soul]

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.

As an investor fear is not supposed to be entertained rather courage is needed because why you are looking at the price of Bitcoin going down you should know that it will not remain down and if you are afraid and sell of your Bitcoin because the price is going down it means that you will definitely run loses when it eventually comes back upwards again, the price of Bitcoin over the years has made me not to be afraid and want to sell when I see the price going down because I know for a fact that it's definitely going to come back up.

[tbterryboy]

A recent event like hack is just an another golden opportunity for institutions like these to buy bitcoins at a discounted price. Not just the institutions, but even individual traders and holders found this brilliant opportunity to get bitcoins on some discounted price. There buy wall was strong even though there was some selling pressure. Price did not drop a lot and is holding strong so individual traders are already in profit.

Institutions are in for a really long run. They are the biggest whales and their decisions also motivates other to make the same move. This report might surely have influenced a few others to take this as an opportunity.

[M47AK16]

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.

That is because these long term investors feed on greed in the market. Short term traders will panic in situations like these because they know a short drop is coming forward and the stop loss or even liquidation levels are pretty close for these short term traders so they prefer cashing out to save extra loss. These short term traders will keep selling in this kind of a market but long term investors will keep filling their bags catching every single drop. Only a handful of long term investors actually announce their buying. Majority of them are still hidden.

This is what balances the drop. Short term and long term investors both are of similar importance to the market and only the balance keeps the price stable.

[Smartvirus]

A recent event like hack is just an another golden opportunity for institutions like these to buy bitcoins at a discounted price. Not just the institutions, but even individual traders and holders found this brilliant opportunity to get bitcoins on some discounted price. There buy wall was strong even though there was some selling pressure. Price did not drop a lot and is holding strong so individual traders are already in profit.

The opportunity never ends, though certain expectations would always prompt some moves from both individuals and institutions alike. A lot of forks did entertain the idea of a dump but, that’s not what we observed, in fact, there has being some buy pressure this week as, price has managed to pump, showing that we have better hodlers who understands the market dynamics than before and the hack is rather a security laxity which has little to no influence on Bitcoin. At the very least, what it would initiate is a withdrawal from exchanges into non custodial wallets.

[Nanga Parbat]

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.

Strategy management understands the timing and potential of Bitcoin, just because of this, they keep buying despite many concerns and other problems around Bitcoin. They have enough funds to do this; nobody can stop them from buying while people are having their own concerns due to hacks and many other things. The Binance hack has done damage, but it fights back quickly and has its level within a few days, meaning now the market is also positive and stability is increasing. It's always important they are expecting a good increase in price, so they are having sources, they are increasing profit because it's always interesting when people are losing their confidence. Someone doing his best with big buying never gives up; just keep your mind positive.

[JoyMarsha]

Strategy is making their stance on Bitcoin clear to everyone. They are not fearful of the hack or whatever negativity that will hover around Bitcoin currently or in the future. What they are after is to buy as much Bitcoin as their finances can carry. Whatever else investors decide to do, to sell Bitcoin out of fear or a low price, that's not their concern. Their concern is to continue to buy Bitcoin at a good price, which they have been successfully doing since 2020

[shinratensei_]

Don't distract you from the fact that they've authorized the management to sell $1.25 billion worth of BTC, I personally think that any BTC bought by Strategy is a time bomb waiting for the company to sweep with big sell order to realize the profit, yeah I know they can use OTC to avoid market panic and slippage but it's big amount of BTC. More than that, their preferred stock STRC even though currently trade at par ~$100 still have obligation that Strategy need to fullfil which is 12% APY, it's up to you to judge whether that's going to be sustainable but Strategy don't pay those high interest for charity eventually they'll do something to replace the losses.

[SPIDERMAN008]

Strategy is making their stance on Bitcoin clear to everyone. They are not fearful of the hack or whatever negativity that will hover around Bitcoin currently or in the future. What they are after is to buy as much Bitcoin as their finances can carry. Whatever else investors decide to do, to sell Bitcoin out of fear or a low price, that's not their concern. Their concern is to continue to buy Bitcoin at a good price, which they have been successfully doing since 2020

You are right. Their aim is to keep their position in the financial revolution in the future in the strongest possible position by holding bitcoin for a long time. If there is a mindset of long time holding, whether it is an institutional concept or personal holding, no one refrains from bitcoin accumulation. The issue of exchange hacking is not directly related to the security of bitcoin wallets. Those who are bitcoin holders here, who are not involved with the exchange, do not have any problem.

And people are aware from the beginning about this hacking, scamming, stealing. If there is any security issue, there will be hacking. And hacking is increasing so much because cryptocurrency is becoming more valuable. People's acceptance is increasing. So maybe a small hacking group had its eye on this asset earlier. But now it is believed that in addition to the big hacking community around the world, even the governments of different countries are connected to it. So such incidents have happened before and may happen in the future. But for this reason, stopping bitcoin accumulation would be a foolish decision. It is possible that ordinary people will decide not to accumulate bitcoin. But for large institutions like Strategy, which regularly hold bitcoin, hacking issues do not have much impact. Only if the security of bitcoin wallets is ensured, bitcoin's acceptance will continue to grow worldwide.

[Nothingtodo]

That's why this company is called Strategy because when we sell out of fear, Michael Saylor's mega company MicroStrategy buys and holds Bitcoin. Basically, they buy Bitcoin using the DCA method and no matter how much we think about it, why do they buy Bitcoin without selling Bitcoin even though others are selling it? Not only Michael Saylor's mega company MicroStrategy but other companies also take advantage of this opportunity and buy Bitcoin.

[As-Soon-As]

Michael Saylor They are buying Bitcoin regularly and are moving forward with the continuity of buying. Their buying of Bitcoin gives us more courage, where we like to buy Bitcoin more. I am investing in Bitcoin following the Bitcoin DCA method, so I do not care whether the price of Bitcoin is profitable or not in the current position, I will just buy Bitcoin and hold it, this plan exists in me.

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.

Bitcoin price has been corrected a bit recently, but this has scared many investors, but when Bitcoin price was on the rise yesterday, there was a lot of buying pressure in the Bitcoin market. But again, the reason for Bitcoin price to fall is the temporary election of Donald Trump, in this election Donald Trump lost, which helped Bitcoin price to fall a bit.
However, this is not a fall, this is another opportunity to buy Bitcoin, those who will take this opportunity to buy Bitcoin and hold it in the future days will be the only good investors.

[Lontor]

Don't always follow these so called whales, they can push any button just to distract it mislead the others, I remember making this mistake years ago, always looking into what a popular person says about crypto.

I have got misleaded many times, when it's even time to go into a bear market these people will come out saying we are going to a new highs and weeks later the market dumped even deeper.

They are doing all these to manipulate people in general, have your own plan buying Bitcoin, do it only when you have the spare money and stop looking at your Bitcoin wallet almost every now and then.

[B-BossMan]

Strategy is making their stance on Bitcoin clear to everyone. They are not fearful of the hack or whatever negativity that will hover around Bitcoin currently or in the future. What they are after is to buy as much Bitcoin as their finances can carry. Whatever else investors decide to do, to sell Bitcoin out of fear or a low price, that's not their concern. Their concern is to continue to buy Bitcoin at a good price, which they have been successfully doing since 2020

 Well in my own understanding, I believe this particular strategy has a cleared goals, it's just now left remains why you are investing into bitcoin from initial stage. If an investor has made up his mind to be holding bitcoin for long-term, I don't see any negative words or markets drops can make you panicking, or even leads to changes of initial plans. Investor's cannot actually ignore the movement of the bitcoin price, but purchasing bitcoin with consistently is the best approach, but the most important thing is to know your financial stands, then invest the affordable funds, sticking to the initial by of holding for long-term period of should be the priority.

[Outhue]

OPs post have proven one point already, that even if the biggest institution is buying Bitcoin right now with millions of dollars it doesn't mean we will be going up because of the buy, Micro Strategy did bought some Bitcoin but what happened to the market instead? We dump, this is Why it's good to have your own strategy and not that of micro strategy, whales are buying doesn't always mean a good sign to rush to buy some Bitcoin, DCA strategy is the most reliable.

[Aliciaworld]

That is because these long term investors feed on greed in the market. Short term traders will panic in situations like these because they know a short drop is coming forward and the stop loss or even liquidation levels are pretty close for these short term traders so they prefer cashing out to save extra loss. These short term traders will keep selling in this kind of a market but long term investors will keep filling their bags catching every single drop. Only a handful of long term investors actually announce their buying. Majority of them are still hidden.

This is what balances the drop. Short term and long term investors both are of similar importance to the market and only the balance keeps the price stable.

Demand and supply really keeps the world going. Thanks for explaining.

[Gaza13]

A recent event like hack is just an another golden opportunity for institutions like these to buy bitcoins at a discounted price. Not just the institutions, but even individual traders and holders found this brilliant opportunity to get bitcoins on some discounted price. There buy wall was strong even though there was some selling pressure. Price did not drop a lot and is holding strong so individual traders are already in profit.

Institutions are in for a really long run. They are the biggest whales and their decisions also motivates other to make the same move. This report might surely have influenced a few others to take this as an opportunity.

I think it is quite natural for some people or individuals to sell their Bitcoin, given the news of hacking incidents or massive losses amounting to trillions within the crypto industry, which have triggered mass panic. In this regard, many people fail to grasp that recent hacks are generally not due to flaws in the Bitcoin blockchain own security protocols, but rather stem from operational weaknesses or exploits specific to the exchanges. Those who understand will certainly remain calm in the face of all this the heart of Bitcoin itself consists of a network of computers or nodes and the algorithmic code running on top of blockchain technology. As long as that hasn’t happened, those who fully understand the situation will remain calm in the face of a storm like the one we are seeing now. A golden investment opportunity arises when people sell off their assets in a panic whether due to a hack or some other event and that is precisely the moment to take the opposite approach and buy Bitcoin this is how we capitalize on such momentum.

[SilverCryptoBullet]

I think it is quite natural for some people or individuals to sell their Bitcoin, given the news of hacking incidents or massive losses amounting to trillions within the crypto industry, which have triggered mass panic. In this regard, many people fail to grasp that recent hacks are generally not due to flaws in the Bitcoin blockchain own security protocols, but rather stem from operational weaknesses or exploits specific to the exchanges.

Selling is best if it is for taking profit, withdrawing profit and getting initial capital back fully or partially.
Selling is acceptable if it is for cutting loss but it's for traders, not investors who have long term investment mindset and plan.
Selling is terrible if it is panic sell or forced liquidations from exchanges because it causes severe loss from your initial capital.

Those who understand will certainly remain calm in the face of all this the heart of Bitcoin itself consists of a network of computers or nodes and the algorithmic code running on top of blockchain technology.

It's hard to understand it if people don't spend time for learning about Bitcoin fundamentals, Bitcoin market history includes its cycle, and the psychological cycle of Bitcoin market.

Learning is first and most important thing because it's foundation for people experience and practice later with less risk of having loss.

The cycle of Bitcoin market.
Pyschological pitfalls of market cycle.

[LUCKMCFLY]

Panic will always be the biggest enemy of many investors who don't feel secure with their investments. It's very common; not everyone has the same approach or the same conviction. While some sell out of panic, others wait to buy cheaper due to the emotions of others. There are investors who generally wait for this: the selling by what they call "weak hands" so they can acquire more BTC at a lower price. These are the kinds of things we need to see in order to develop discipline regarding investing and conviction in BTC, which I believe is what's most lacking and where many investors fail.

[Antotena]

A recent event like hack is just an another golden opportunity for institutions like these to buy bitcoins at a discounted price. Not just the institutions, but even individual traders and holders found this brilliant opportunity to get bitcoins on some discounted price. There buy wall was strong even though there was some selling pressure. Price did not drop a lot and is holding strong so individual traders are already in profit.

Institutions are in for a really long run. They are the biggest whales and their decisions also motivates other to make the same move. This report might surely have influenced a few others to take this as an opportunity.

It's normal for some people to sell their Bitcoin. Just because some people hold Bitcoin doesn't mean they don't believe in longevity of Bitcoin. Some people are not holders, they are traders. They follow where the money is and not where the quantity is at the time. When Bitcoin dump or when they caught bad news, they rush to sell and open short to make money, same way they turn bullish on Bitcoin when they hear about good news, this is why their actions affect the market.

Institutional investors don't care about the chart, what they care is the numbers they can accumulate before the market turn bullish. Strategy and some companies see bad news as opportunities when people are panicking. What some people don't know is that when Bitcoin dump, they buy and hold and used more of this for collateral by the time the company is need of funds instead of letting the cash sit in idle.

[Byebyebtc]

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.

Some investors sold out of fear, because they use normal wallets that can be hacked, not because of Bitcoins price but because of the safety of their holding, meanwhile strategy buys more, it could be that they don't use regular wallets like these or they are even probably on self custody, and if that is the case there is nothing they have to be afraid of, so they can buy more.

[yudi09]

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.

Some investors sold out of fear, because they use normal wallets that can be hacked, not because of Bitcoins price but because of the safety of their holding, meanwhile strategy buys more, it could be that they don't use regular wallets like these or they are even probably on self custody, and if that is the case there is nothing they have to be afraid of, so they can buy more.

Fear of hacks causing price drops. Price drops are influenced by low buying interest compared to selling interest. Investors with extensive market experience won’t sell out of panic; instead, they take advantage of the drop to buy. The difference between new and experienced investors lies in their buying and selling decisions.
If they don’t store Bitcoin on an exchange but in a dedicated wallet, exchange hacks aren’t a concern.