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Author Topic: MicroStrategy Acquires Additional 480 Bitcoins  (Read 415 times)
Leviathan.007
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July 01, 2022, 08:13:12 PM
 #41

Is there a link to this news about buying of 480 bitcoins by MicroStrategy?

What will the alarmists say to this, shouting that bitcoin will soon die, will cost 0, and that we need to get rid of the depreciating asset as soon as possible? Oh yes, sell so companies like MicroStrategy buy for ~$20K and then sell like you when it's worth $100K.

The best source for MicroStrategy and information about them buying more bitcoin is always Twitter. They always tweet about the bitcoins they buy and they did the same thing this time. During the bearish phase of any market including bitcoin, there is many of negative news and many people will suffer FUD because of many reasons. While the whales will gather more bitcoins and MicroStrategy is one of them while most people think that MicroStrategy is under pressure because of the falling of the market they buy more bitcoins at lower prices to lower the average buying amount that's the technique they use.

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July 03, 2022, 06:17:03 AM
 #42

Man trying to DCA with millions.  Grin
That's a seven figure number. It's fair enough for a company.

For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years.

MicroStrategy could be an example that it's never late in crypto.

I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.

It will also not only be about the loss on paper at present. Microstrategy will be reporting this loss in their monthly income statement. It is very head shaking what he has done.

How is it a loss? You should call it maybe a virtual loss. He didn't sell to actually lose anything. So, there is no actual loss. Same goes with El Salvador. The country lost nothing because they didn't sell nothing. 1 BTC = 1 BTC. Same goes if value goes up. They profit nothing unless they sell. That concept only comes to reality when a sell is made!

The correct term is called a paper loss and you are correct that the loss is not yet a realized loss, however, this loss will be reported in the company's income statement. This makes the loss appear very real among shareholders and board of directors? What would he tell them? Also, do not forget Michael Saylor's history in investing. He was one of the biggest losers during the internet boom. Microstrategy's investment on Bitcoin now is with a $1 billion loss because of his bad decisions.

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July 03, 2022, 06:28:53 AM
 #43

The correct term is called a paper loss and you are correct that the loss is not yet a realized loss, however, this loss will be reported in the company's income statement. This makes the loss appear very real among shareholders and board of directors? What would he tell them? Also, do not forget Michael Saylor's history in investing. He was one of the biggest losers during the internet boom. Microstrategy's investment on Bitcoin now is with a $1 billion loss because of his bad decisions.

Yeah, well, a $1B paper loss or unrealized loss.

Way back when Saylor first started buying Bitcoin, I remember someone on the forum meandering something like, "time will tell if he's a madman or a genius." This is going to depend a lot on the behavior of the Bitcoin price.

As for the shareholders, he will have no problems, as he holds 70% of voting power.

I think he can withstand the bear market quite well, but at least part of his argument has been dismantled, and already many people are skeptical of what he says, no matter how well he speaks. Add to that the "borrow against your Bitcoin" which was based on Cefi's, which have been a disaster and we have another blow to his credibility.

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July 03, 2022, 06:45:51 AM
 #44

I see market whales collecting bitcoin, and accumulating them. Since bitcoin is in limited supply, I thing in future these institutions will launch their own altcoins hedged against bitcoin reserves. Just like how governments launch their products hedged against gold reserves

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July 03, 2022, 08:29:14 AM
 #45

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin.  
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.
Michael Saylor is a very strong investor with strong diamond belief in tech and future of Bitcoin.

I would like to point out another viewpoint with which you will not count total value of Bitcoin he has bought so far or value of each buying batch. Let's consider it in Controlled supply of Bitcoin.

After the reward era #7, 4 more halvings, there will be 164,062.5 BTC available in future supply for miners to mine and get from block rewards. Now, let's compare that number with total BTC is holding by Micro Strategy. If Micro Strategy holds those BTC until that halving, they will own 79% of rest future supply. That is massive guys.


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July 03, 2022, 08:55:10 AM
 #46

I see market whales collecting bitcoin, and accumulating them. Since bitcoin is in limited supply, I thing in future these institutions will launch their own altcoins hedged against bitcoin reserves. Just like how governments launch their products hedged against gold reserves
Maybe this can happen. Always there arises question in me, why these large scale companies aren't interested into mining and holding the rewards got through the same time. These companies have the required capital to spend on mining. With time we'll come to know how things gonna work with bitcoin. Only the hard believers are adding more volume of bitcoin to their reserve.

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July 03, 2022, 09:01:37 AM
 #47

I see market whales collecting bitcoin, and accumulating them. Since bitcoin is in limited supply, I thing in future these institutions will launch their own altcoins hedged against bitcoin reserves. Just like how governments launch their products hedged against gold reserves
you mean Bitcoin Backed Stablecoins? and their Rates will be equal to Bitcoins  price?  If I understand it correctly. i think it is possible. and some companies even already done it. like RSK SmartChain, and at least one another but I don't remember that's name.. lets see if Microstrategy make its own bitcoin backed stablecoin in future.. but they are acquiring a lot of BTC.

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July 03, 2022, 09:03:38 AM
 #48

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions.  Grin

Institutional investors know exactly what they are doing. It should come to no surprise to veteran bitcoiners as well. Now is the right time to make good investment decisions while newbies are selling.

I do not condone the same institutional investors who were spreading fud a few weeks prior in order to scare the newbies into selling their Bitcoin to them at a cheap price. But thats the way things are. Life lesson learned.

Hodl and do not panic. Otherwise someone else will own your coins. Roll Eyes

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July 03, 2022, 10:29:18 AM
 #49

Yeah, well, a $1B paper loss or unrealized loss.

Way back when Saylor first started buying Bitcoin, I remember someone on the forum meandering something like, "time will tell if he's a madman or a genius." This is going to depend a lot on the behavior of the Bitcoin price.
It's the price of course. If today the price of bitcoin was $100k then people would say him a genius if they call them madman now. He is not genius nor madman, he is an investor. An investor do not throw away their wealth. They have strategy and they follow it.

Unlike 99% who think they are highly skilled traders and when price is skyrocketing they make some trades with positive gains against dollar, the real investors analyze the data for longer terms.

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July 04, 2022, 12:26:22 AM
 #50

Yeah, well, a $1B paper loss or unrealized loss.

Way back when Saylor first started buying Bitcoin, I remember someone on the forum meandering something like, "time will tell if he's a madman or a genius." This is going to depend a lot on the behavior of the Bitcoin price.
It's the price of course. If today the price of bitcoin was $100k then people would say him a genius if they call them madman now. He is not genius nor madman, he is an investor. An investor do not throw away their wealth. They have strategy and they follow it.

Unlike 99% who think they are highly skilled traders and when price is skyrocketing they make some trades with positive gains against dollar, the real investors analyze the data for longer terms.

The argument is not about the price. It is about Michael Saylor's investment strategy or does he have an investment strategy? It is head shaking that he began buying on 2020 and the investment has a $1 billion loss and bitcoin is up since 2020. Open a chart and mark where he bought. He bought all the peaks. The community keeps cheering on Saylor, however, he might be bringing more danger to the market.

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July 04, 2022, 06:28:19 AM
 #51

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions.  Grin
That's what businessmen are doing right now and I hope individual investors are doing the same and not the opposite.

Instead of panicking and being feared, it's better to accumulate now that we are in a bear market because everything is at a cheap price Cheesy. Will you only buy when Bitcoin is at $30,000 again? $40,000 again? $50,000 again? We already know that Michael Saylor is a big advocate of Bitcoin and he will try to buy as much Bitcoins as he can now that we are in a once-in-every-four-year opportunity. On the other hand though, with that huge chunk of Bitcoin his company is holding, I'm curious what might happen if the time will come that he will sell it all.

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justdimin
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July 04, 2022, 05:12:19 PM
 #52

Yeah, well, a $1B paper loss or unrealized loss.

Way back when Saylor first started buying Bitcoin, I remember someone on the forum meandering something like, "time will tell if he's a madman or a genius." This is going to depend a lot on the behavior of the Bitcoin price.
It's the price of course. If today the price of bitcoin was $100k then people would say him a genius if they call them madman now. He is not genius nor madman, he is an investor. An investor do not throw away their wealth. They have strategy and they follow it.

Unlike 99% who think they are highly skilled traders and when price is skyrocketing they make some trades with positive gains against dollar, the real investors analyze the data for longer terms.
I would guess that it would actually be like that one day when it happens. This is why I believe that we should be focusing on what "could" happen and not what has happened. "If" the price was 100k right now he would be considered a genius that is for sure, but it "will" be 100k for bitcoin for sure, it is not going to happen to be right now, but it will happen in the future and when that happens he will be called a genius.

Definitely he hasn't been called one right now because of the price fall, but just because he is not called one right now, doesn't mean that he will not be called in the future, those are irrelevant stuff and that is why I believe microstrategy has a great strategy (pun intended).

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dragonvslinux
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July 04, 2022, 05:34:01 PM
 #53

Yeah, well, a $1B paper loss or unrealized loss.

Way back when Saylor first started buying Bitcoin, I remember someone on the forum meandering something like, "time will tell if he's a madman or a genius." This is going to depend a lot on the behavior of the Bitcoin price.
It's the price of course. If today the price of bitcoin was $100k then people would say him a genius if they call them madman now. He is not genius nor madman, he is an investor. An investor do not throw away their wealth. They have strategy and they follow it.

Unlike 99% who think they are highly skilled traders and when price is skyrocketing they make some trades with positive gains against dollar, the real investors analyze the data for longer terms.
I would guess that it would actually be like that one day when it happens. This is why I believe that we should be focusing on what "could" happen and not what has happened. "If" the price was 100k right now he would be considered a genius that is for sure, but it "will" be 100k for bitcoin for sure, it is not going to happen to be right now, but it will happen in the future and when that happens he will be called a genius.

Definitely he hasn't been called one right now because of the price fall, but just because he is not called one right now, doesn't mean that he will not be called in the future, those are irrelevant stuff and that is why I believe microstrategy has a great strategy (pun intended).

I don't think you can describe MSTR's strategy as right or wrong yet. Saylor made it clear that the investment is based on a decade long time frame, and otherwise 4-year at minimum, so only by 2030 can his investment be considered as right or wrong. He can otherwise evaluate in 2024. He clearly doesn't care if price goes up by 2x of his average or drops 50%, he just continues to buy more Bitcoin for the long-term.

If he was investing on a time-frame of a year, then sure you could consider his strategy as failed, especially if he sold at a loss, but obviously this isn't the case...

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July 04, 2022, 06:44:04 PM
Last edit: July 04, 2022, 07:17:14 PM by Franctoshi
 #54

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin.  
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions.  Grin
The fundamental is gradually beginning to shift from bearish case to bullish case ,for example the news around previous weeks was this company got liquidated , $250M traders fund also got liquidated etc.
But now the news It is beginning to change with "El Salvador Bought 80 Bitcoin at the price of 19k per Bitcoin, Microstrategy acquires 480" Bitcoin worth $10M, So the general view of this news to me is that we are gradually bottoming out of this crash. Follow the smart money.
KingsDen
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July 04, 2022, 06:46:19 PM
 #55

Is there a link to this news about buying of 480 bitcoins by MicroStrategy?

They always tweet it and they have done this time: https://twitter.com/saylor/status/1542117682207678465?s=20




There was speculation on here before that a dump normally happens after microstrategy buys (though they might've bought a dump themselves this time).



I don't understand this microstrategy of a man. What actually was his source of income before the advent of bitcoin?
I asked because I read somewhere that microstrategy bought bitcoin with $50 to $60k. What about those bitcoins he bought then, has he sold them?

What actually is he seeing that many of us don't see? He has seen an absolute future in bitcoin and I am very sure that he is in the right track. This time around, he bought at a very good price.

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July 06, 2022, 12:51:06 AM
 #56

@KingsDen. In the beginning Michael Saylor bought bitcoins with his own company's cash reserves. This is good. Later, Michael Saylor borrowed money against his company or was it his company issued debt to buy bitcoins. This is okay. The last is Saylor has borrowed money against the bitcoins held by Microstrategy hehehe. What he has done and in the state of this market, I am not certain why much of the people consider him a genius.

In any case, I want his investment to be successful because this will also be good for all of our investments, however, looking at his investment strategy and calling him a genius is head shaking.

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