Strategy keeps buying while others fear

[Versatile_choice]

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.

Strategy is the reason why I'm confident in accumulating bitcoin, because seeing that he's ongoingly buying bitcoin gives me hope and also motivates me to keep pushing. If I have been listening to side talks definitely I wouldn't have been in this accumulation journey by now, because even now I keep seeing alot of people saying all sort of bad things about bitcoin; it has even gotten to the point where they are now using strategy just to get people not to invest in bitcoin.

But such strategy doesn't work for someone like me infact, I personally decided to lock some of the social media platforms just so that I could take my head off from those rumor.

[nara1892]

From this, we can conclude that every investor has a different perspective on the situation and the risks involved some view it as an opportunity to buy more, while others choose to reduce their risk. Strategy may be one of the companies that sees this as an opportunity they are buying in large quantities, but that doesn’t mean they aren’t factoring in the risks. Michael Saylor is a prominent figure who strongly supports Bitcoin, so he has certainly considered the matter from various angles before making this decision.

On the one hand, the actions of these major investors can indeed restore people’s confidence to keep buying, but on the other hand, I also see that they seem to be taking advantage of small investors’ panic to buy at lower pricesthat makes sense, doesn’t it? 

[Obulis]

The dread of hacks is something else recently yet investors like strategy is releasing exceeding faith on Bitcoin future. So far the anticipation that Bitcoin remains a good venture will become real in the shortest time so it's important to watch your decision during this trial period. Great moves like this one is doing it's work of confidence in the life of other investors probably.

[IjawMan]

The dread of hacks is something else recently yet investors like strategy is releasing exceeding faith on Bitcoin future. So far the anticipation that Bitcoin remains a good venture will become real in the shortest time so it's important to watch your decision during this trial period. Great moves like this one is doing it's work of confidence in the life of other investors probably.

Bitcoin is a good investment to venture into and, Strategy's preparedness to constantly purchase more Bitcoins to their portfolio not minding prevailing events is no more a thing of anticipation or Skepticism about it futuristic potential.

For a Bitcoin maximalist as Strategy and one that is anchored in their faith on Bitcoin that it exists to outbound all the challenges, which includes that of ongoing "dread of hacks."

Besides, all the hacks news none has to do with the Bitcoin network getting hacked, what should then stop a real Bitcoiner from maintaining his strategic purchasing approach in his portfolio's expansion.

[Natalim]

On the one hand, the actions of these major investors can indeed restore people’s confidence to keep buying,

Very true, that's why I shared this to see what you guys think and I'm glad we are on the same page.
Now although the market hasn't recovered yet, but at least we've already seen it pump back to $80k before and hopefully soon we will be back there.

No more panic now, everything will be back on track.

but on the other hand, I also see that they seem to be taking advantage of small investors’ panic to buy at lower pricesthat makes sense, doesn’t it? 

I don't think so since nobody is forcing weak hands to dump, and in this market, some will profit while others will lose, it's impossible for everyone to be profitable. So for us to become profitable, we need to learn and we will make mistakes, that's unavoidable but if we don't learn from them, then we are just being stupid.

[Abiky]

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.

Saylor is the man. He truly know Bitcoin's potential. Strategy will keep buying regardless of market prices. That's what every bitcoiner should do. Unfortunately, the majority is only looking at what's happening in the short-term. Not far ahead into the future.

Bitcoin is a long-term thing. It requires a lot of patience. Just focus on the circulating supply and added scarcity. NOT the short-term fluctuations in market price. You'll be on the "profit zone" if you follow Strategy's footsteps. Let's hope other companies do the same to help benefit the crypto economy.

[Hypnosis00]

I'm one of those holders who sold their Bitcoin when there was a market crash. I thought it was the smartest thing I've done, but after listening to some experts on the forum, it was completely wrong.

Focus on value, not market emotions
Benjamin Graham

Unfortunately, most of us think that selling during a decline saves us. But on the other hand, this is the beginning of building fear in our minds. Because the moment we saw a declining trend, the more we felt uneasy and panicked about selling. And when our emotions dictated our actions, the more dangerous it was.

[Pandorak]

I'm one of those holders who sold their Bitcoin when there was a market crash. I thought it was the smartest thing I've done, but after listening to some experts on the forum, it was completely wrong.

Focus on value, not market emotions
Benjamin Graham

Unfortunately, most of us think that selling during a decline saves us. But on the other hand, this is the beginning of building fear in our minds. Because the moment we saw a declining trend, the more we felt uneasy and panicked about selling. And when our emotions dictated our actions, the more dangerous it was.

If you’re holding altcoins or memecoins and decide to sell them during a downturn, that still makes sense, considering that not all of these assets have the potential to fully recover to your purchase price.

But what we’re talking about here is Bitcoin. Even if you’re a newbie just looking to profit from price increases, you’ve surely already researched Bitcoin price history since its inception and you’ll understand that this is a highly promising asset to hold for the long term.

For now, all i can say is to keep holding onto your Bitcoin, buddy. Trust me, you won’t regret it once you see its price in the future. At least that’s what i and all Bitcoin holders believe, that we’ll reap many benefits from Bitcoin in the years to come .

[nara1892]

On the one hand, the actions of these major investors can indeed restore people’s confidence to keep buying,

Very true, that's why I shared this to see what you guys think and I'm glad we are on the same page.
Now although the market hasn't recovered yet, but at least we've already seen it pump back to $80k before and hopefully soon we will be back there.

No more panic now, everything will be back on track.

Sure, and bro, I think this is a brilliant strategy being employed by some big companies like Strategy. Why? Because if they can restore people’s trust in Bitcoin, demand for Bitcoin will increase, and this could drive the price back up which would indirectly allow big companies like Strategy to make more profit since they bought in early, before public confidence recovered. Right?

Oh, by the way, I just checked CoinMarketCap to do a little analysis, and I noticed that the price is now aligned with the previous support level. Usually, this signals a reversal, but I haven’t seen the formation for that reversal yet. Still, I’m confident the price will rise again soon.

[ElDorado_21]

For now, all i can say is to keep holding onto your Bitcoin, buddy. Trust me, you won’t regret it once you see its price in the future.

I would definitely agree with this as investment strategy however if you get caught on the wrong side of Bitcoin then you could lose out. You should only really invest money that you can leave for several years. If you really believe in Bitcoin as a long term investment but run out of money then you might have to sell it at a low point. It is very important to know how long you are investing your money for and having enough emergency savings.

[AmaGold70]

Bitcoin has been consistent in its growth right from the beginning, and Bitcoin has never failed in times of providing reward for investors, and I equally believe by now, people who have been investing in Bitcoin should have known this except for beginners. Strategy have been in the business of investing in Bitcoin for so long, and they equally understand this, and that is why they keep on topping up their Bitcoin portfolio, and as well taking advantage of market volatility possibly by buying more but Bitcoin. Unlik other cryptocurrencies or altcoins, so much confidence is placed on Bitcoin considering it's long term track record and growth consistency.

[AprilioMP]

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%

That’s because Strategy is no longer considered a newcomer in this market. They’ve already identified all the opportunities, threats, strengths, and weaknesses through the experience of the people at Strategy.
Furthermore, individual investors who have been in the market for a long time often don’t let the circumstances they face faze them. They already know what to do when the market is in a certain state.
Fear is no longer an obstacle to any action they take based on the decisions they make.

[danadc]

I know that hacks cause panic, especially when you have money invested in the affected site, but that's no reason to abandon your investment and withdraw it just out of panic. If it happens, it's because the person's conviction about the investment isn't strong enough.Fear is one of the reasons why many people sell unnecessarily. Selling our BTC just out of panic isn't a good business decision, in my opinion. It doesn't make much sense. Dangers will always exist, but the effort to invest in BTC for the future is lost due to fear, and that's not what we're aiming for.

[Big Dirams]

I'm one of those holders who sold their Bitcoin when there was a market crash. I thought it was the smartest thing I've done, but after listening to some experts on the forum, it was completely wrong.

Focus on value, not market emotions
Benjamin Graham

Unfortunately, most of us think that selling during a decline saves us. But on the other hand, this is the beginning of building fear in our minds. Because the moment we saw a declining trend, the more we felt uneasy and panicked about selling. And when our emotions dictated our actions, the more dangerous it was.

It very brilliant for you figuring out what you did has a wrong thing but we all are learning and we all make mistakes but learning from our mistakes is what makes us better. At least now you know selling during market declines isn’t a good idea and we get to miss out good opportunities from the markets during all this declines time because instead of we seeing opportunities for buying more we get carried away by fear and emotions and sell our holdings even at lows without making good returns just because we thought we might get liquidated.
At least you know now what to do during market declines and I hope you have a long term mindset for bitcoin with your bitcoin investment because that is when you would enjoy this strategy.

[Webetcoins]

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.

These institutions are long term partners and they will keep buying as long as they have a budget for bitcoins. We can't compare ourselves to these institutions because they have an unlimited flow of money but we as individuals are limited and can't go over budget. At some point, we will have to stop putting more money and think about getting some out but these institutions will keep investing even at that point because they believe in long term growth.

We have to be very careful while investing and even a strategy like DCA can sometimes fail if the markets crash after a few months and your average buy price starts getting way above the current price. We should not just blindly follow any strategy but have a proper risk management in place.

[SquirrelJulietGarden]

These institutions are long term partners and they will keep buying as long as they have a budget for bitcoins. We can't compare ourselves to these institutions because they have an unlimited flow of money but we as individuals are limited and can't go over budget. At some point, we will have to stop putting more money and think about getting some out but these institutions will keep investing even at that point because they believe in long term growth.

Institutions are this and that, and if they have bad risk management, they're not different than individual retail investors. Collapses of Terra, FTX and many capital ventures in two previous bear market are good examples that institutions are not free from collapses and bankruptcies.

They have advantage of being big institutions with many people with good knowledge and experience in finance, management of risk, capital and investment but it does not mean they won't make mistakes. If mistakes are made, and severe enough, then if it's a perfect bad time in the market, something will trigger their collapses and bankruptcies. Such terrible black swan events if happen, will happen very quickly and institutions won't be able to flip back.

It's not limited to cryptocurrency industry, as in traditional financial market, there are examples like Enron in the USA and Evergrande in China years ago.

[Lucius]

Strategy is buying because they have no other choice, given that their entire business philosophy is built around Bitcoin. Those who invest in Bitcoin just because a company or individual is doing so can hardly be called real investors, but rather just copy/paste followers who don't really stand a chance, considering that the big guys will always outsmart them and take the profit.

Investing in Bitcoin when Saylor predicted its demise and in the years since was something you had to have guts for. Today, such people can tell him - "Hey Saylor, I bought 10 BTC for $1000, today you pay $750 000 for the same number of coins" - who is the genius in this story?

[hd49728]

Strategy is buying because they have no other choice, given that their entire business philosophy is built around Bitcoin. Those who invest in Bitcoin just because a company or individual is doing so can hardly be called real investors, but rather just copy/paste followers who don't really stand a chance, considering that the big guys will always outsmart them and take the profit.

Before starting their investment, they need to understand both chance and risk with Bitcoin investment. If they only see chance but don't know about risk, they will have something like bets with Bitcoin, and no longer have actual investment that requires good financial management, risk management and lastly investment management.

Investing in Bitcoin when Saylor predicted its demise and in the years since was something you had to have guts for. Today, such people can tell him - "Hey Saylor, I bought 10 BTC for $1000, today you pay $750 000 for the same number of coins" - who is the genius in this story?

Saylor is not a genius, and he used to be stupid by calling Bitcoin is a scam and will fail but at least he observed Bitcoin, learned about it and finally changed his mindset about Bitcoin, and actually become a Bitcoin maximalist.

In 2013 MicroStrategy CEO Said Bitcoin’s Days are Numbered.

Bitcoin days are numbered.   It seems like just a matter of time before it suffers the same fate as online gambling.

[goldkingcoiner]

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 think that they have to look at the long term view, because of the amounts that they are buying. If they could buy it at 5% less they would, but unfortunately that would wipe out the orderbooks of regular exchanges therefore they have to do OTC or private trading. So a 5% drop does not really make a difference as they are buying at different prices anyway at such huge amounts.

But also, they are quite certain of their investment. Which is definitely a good thing.

[Free Market Capitalist]

Yeah, Strategy keeps buying and many people here keep shitposting.

Those who invest in Bitcoin just because a company or individual is doing so can hardly be called real investors, but rather just copy/paste followers who don't really stand a chance, considering that the big guys will always outsmart them and take the profit.

(I won't be referring to you as a shitposter as I quote you, obviously.)

That’s not the problem. If there are people who learn about Bitcoin and go on to buy it and manage it with their private keys because they watched one of Saylor’s talks, so much the better. What’s actually happening is quite the opposite: Saylor is on track to accumulate a million Bitcoin, and people who could have bought Bitcoin to manage it with their own keys are buying his products instead.

On top of that, the flagship product he’s trying hardest to promote—STRC—is the exact opposite of what Bitcoin was created for: it centralizes a massive amount of Bitcoin and prints unlimited debt-based products based on it. Just like central banks, which hold gold reserves and print money without limit—but you can't redeem it for gold.  And if you’d at least say that this is why the price has skyrocketed, well, we’d still be happy with that—but not even that, because Bitcoin's returns since those massive purchases have been rather poor. Decentralization in terms of ownership has been sacrificed for nothing.