Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Fivestar4everMVP on December 07, 2024, 10:40:03 PM
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Please note this is my thread on the other forum, BTT to be precise, I decided to share the same here to get opinions from here as well. Thank you.
Came across a video clip on telegram
https://t.me/cryptothedoggy/4060 (https://t.me/cryptothedoggy/4060)
Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
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Ever since we hit the 100k price Mark they have been a lot of speculations all over the internet including social media platforms like Twitter. First and foremost the 100k was shocking to a lot of people and the truth is that includes me because last I checked I saw I think 96k only for me to wake up one morning and find price floating above 100k.
Majority of the speculations all over the place suggests people sell of now because it's more like a pull back is going to happen soon. As at yesterday there were so many sell orders as you can tell that from both the recent pull back and increase in fee rate.
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I have hands up for this guy. Why? it's because that he's proving things. He's putting his money where his mouth is. And for that reason, if he's speaking this way and likely to buy Bitcoin even more when it reaches $1M soon, there's no way that it's only another matter of time that we get there. We've already crossed some good price for this year and the next years to come hopefully we get some decent support and floor prices at 6 digits even during the bears.
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Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
Bitcoin is a decentralized currency but deep down, there are entities with formal informations to what Bitcoin is possible to hold in the future. Though could really not be predictive at a specific time but positively minded with reliance while Investing with your spare funds, you can actually take the risk to hold knowing Bitcoin price is not getting to it elastic point soon. Maybe he is just positively minded as that and does not mean he knows about the interior of the Bitcoin as how the movement is being manipulated.
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Please note this is my thread on the other forum, BTT to be precise, I decided to share the same here to get opinions from here as well. Thank you.
Came across a video clip on telegram
https://t.me/cryptothedoggy/4060 (https://t.me/cryptothedoggy/4060)
Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
To me he is only seeing the future judging from how bitcoin has been on a fast rise on from 2009 till date, so he is that sure Bitcoin would hit $1m dollars so quickly, knowing too well that Bitcoin has gained lot of attention and everyone and lot of company and sectors are eager wanting to adopt bitcoin and hold it as reserved funds this is to show that the demands would definitely increased making it to be scarse causing the price to soar.
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And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
I'm not too familiar with the MicroStrategy's income stream but they must have enough liquidity to handle crypto winter. I think his company borrows money and uses the new capital injection to buy BTC. The interest from the loan seems low/manageable that they don't need to sell their bitcoin holdings.
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Mr Slayor is a billionaire and he knows the potential of Bitcoin and so do I. That doesn't mean that I am not allowed to sell Bitcoin because of its growth. If people like me don't sell our Bitcoin then their will not be anything left to trade.
I sell Bitcoin before the price goes down and when it goes up or before it goes up I again buy it to make profits. That is what traders do and that is what is called Bitcoin trading. I am not a investor like him but I can trade Bitcoin and increase my stash.
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If we look at his saying closely, we will find out that Bitcoin only faces one problem, which is the matter of TIME. Mr Slayor knows or has felt the potential and possibilities in Bitcoin and as a store of value, new highs are to be attained in a matter of time.
We all somewhere in the year 2021/2022 the prediction of Bitcoin getting to $100k started and now we have gotten to that mark and going beyond. The possibility of buying Bitcoin at $1Million is a futuristic prediction which is possible only with a matter of time. Patience is a vital key for long term profit.
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Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
Saylor once said that MicroStrategy would only accumulate and never sell BTC. At least up until now, they haven't sold any BTC even during the crypto winter 2022, so we can continue to put faith in Saylor statements about their BTC strategy.
Personally, I don't want to hold BTC forever because I only have a finite life. I invest in cycles, meaning I try to buy at the bottom and sell at the top to optimize profits and use the profits for real-life purposes. For example, if I only have $1K right now, holding $1K worth of BTC for 10 years to have assets worth $10K when 1 BTC = $1M is not my goal. I want to take advantage of many opportunities in altseason to generate larger profits and achieve my financial goals faster.
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To me he is only seeing the future judging from how bitcoin has been on a fast rise on from 2009 till date, so he is that sure Bitcoin would hit $1m dollars so quickly, knowing too well that Bitcoin has gained lot of attention and everyone and lot of company and sectors are eager wanting to adopt bitcoin and hold it as reserved funds this is to show that the demands would definitely increased making it to be scarse causing the price to soar.
Well yeah, listening to individuals who are very successful with their investments in Bitcoin is I think worth it and we can also see it ourselves when we try to look at the chart. Whales and other players especially from stocks and other investment niche are I think started to see Bitcoin's potential that is why adoption nowadays is making noise as we can see market capitalization is fast growing.
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To me he is only seeing the future judging from how bitcoin has been on a fast rise on from 2009 till date, so he is that sure Bitcoin would hit $1m dollars so quickly, knowing too well that Bitcoin has gained lot of attention and everyone and lot of company and sectors are eager wanting to adopt bitcoin and hold it as reserved funds this is to show that the demands would definitely increased making it to be scarse causing the price to soar.
Well yeah, listening to individuals who are very successful with their investments in Bitcoin is I think worth it and we can also see it ourselves when we try to look at the chart. Whales and other players especially from stocks and other investment niche are I think started to see Bitcoin's potential that is why adoption nowadays is making noise as we can see market capitalization is fast growing.
Well, you both are right, but let's not forget that the possible reason why this is happening is because now, crypto regulation is becoming much more clearer owning to the fact that finally, a pro bitcoin person won the recently held US election, and he has announced interest in making sure that the US is made the bitcoin capital of the world.
Seeing that US is still the world power, alot of countries look up to them for financial and economic decisions, so with US taking the lead, alot of government of other countries are beginning to pay attention to bitcoin, something that really wasn't a concern to them before now.
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I have hands up for this guy. Why? it's because that he's proving things. He's putting his money where his mouth is.
His money?
All the money MSTR is buying bitcoin is from loans and issuing shares, so it's investors' money, if Bitcoin tanks and enters a bearish season Saylow won't care because it would be the company that flops with all those billions, not his wealth, all his buys are with other peoples money, just like he did from the start.
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Everyone is in the opinion to say or do whatever they like with their Bitcoin. If someone really feel to continue hodling and buying with their spare money that's their very choice. If they choose in another round to sell at a high price and buy back at a low price during bear market, that's still a good choice.
What I am trying to say, everyone should do what they like best with their Bitcoin investment. It's their decision to make. If it suites them never to sell, fine and good. If they do otherwise, it is still a perfect idea.
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Well, if i already did to my companies why don't i encourage people to do the same, is the one he's trying to say regardless the price in the future will be lol. If i have all the means why not, but just like he said, i will just put my spare which im currently doing.
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To me he is only seeing the future judging from how bitcoin has been on a fast rise on from 2009 till date, so he is that sure Bitcoin would hit $1m dollars so quickly, knowing too well that Bitcoin has gained lot of attention and everyone and lot of company and sectors are eager wanting to adopt bitcoin and hold it as reserved funds this is to show that the demands would definitely increased making it to be scarse causing the price to soar.
Well yeah, listening to individuals who are very successful with their investments in Bitcoin is I think worth it and we can also see it ourselves when we try to look at the chart. Whales and other players especially from stocks and other investment niche are I think started to see Bitcoin's potential that is why adoption nowadays is making noise as we can see market capitalization is fast growing.
Though what I am even seeing in the future is legalization making it as legal tender, and if it's achieved then that would caused so much scarcity of Bitcoin from then we can see that it would be that hard to get more of it and who knows whether the price he made mentioned is just by the right hand side likely to achieve within next 2 to 6 years time to come. I know bitcoin has gained the required attention across the globe couples with the republican of just elected US presidents who is now more friendly to bitcoin and has given his word to be more friendly and make US a bitcoin friendly nation which would position Bitcoin on a fast rise. Currently lot of institutions including Blackrock, Fidelity are also majorly interested in bitcoin.
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Michael Saylor is a big holder of Bitcoin and if he wants to, he can control the market to some extent. When he says that he will not sell Bitcoin but wants to hold more Bitcoin, then we can say for sure that he will not give up his Bitcoins anytime soon. And according to him, if he buys more Bitcoins, then he will definitely benefit. Along with that, everyone who holds it will benefit. The reason he said it is possible, but if someone is not suitable for investment or does not have the ability, then he can release his Bitcoin if he wants, I think that is a good principle. As a investment tool Bitcoin is the best investment.
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Michael Saylor is a big holder of Bitcoin and if he wants to, he can control the market to some extent. When he says that he will not sell Bitcoin but wants to hold more Bitcoin, then we can say for sure that he will not give up his Bitcoins anytime soon. And according to him, if he buys more Bitcoins, then he will definitely benefit. Along with that, everyone who holds it will benefit. The reason he said it is possible, but if someone is not suitable for investment or does not have the ability, then he can release his Bitcoin if he wants, I think that is a good principle. As a investment tool Bitcoin is the best investment.
Yes, when big investors or whales say something, it can really have that much of an impact on Bitcoin. and his decision to continue holding BTC is certainly because he has a certain strategy, but all of that must ultimately be for profits, no matter when he will take profits.
however, sometimes unfortunately our conditions are not that good and are not the same as those of whales or people who hold Bitcoin for a longer period of time, I have no intention of selling Bitcoin even in the peak season of the bullrun later, preferring to hold a longer time period until the years to come. because sometimes, we only have limited capital, which is a bullrun is the right time to take profits, and then use some of the profits to invest again during the bearish period. and so on following the bearish and bullish patterns of crypto. ah, it seems like I'm talking at length. ahha, sorry.
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Michael Saylor is now looking at Bitcoin with a million dollar price tag hence it would be logical on his mind not to sell Bitcoin at the $100K stage as this can mean we are looking at the x10 profit possibility into the future. And the man is so certain of that...and the one big thing he might not be sure is the TIME element but this is just a natural thing when you are investing into something. Right now, Michael can say whatever he wanted to as he is vindicated with his utmost support for Bitcoin as he was so criticize in the past for the risk involved. Now, we can either follow Michael or maybe we have our own strategy...we are all free to do whatever we like with our Bitcoin.
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I'm sure there are people who are also afraid of this statement, because a bearish period can still happen at any time without preparation, and I think that fear is reasonable for those who are too hopeful about Bitcoin... maybe Saylor can say that because he has made a lot of profit from Bitcoin (if he sells it now), but it could also be a strategy for him to keep Bitcoin as an asset with good liquidity...
Unfortunately I sold my bitcoin a few days ago, and maybe my plan to buy Bitcoin again is in 2026 and 2027... hoping that in that year there will be a bearish moment to get Bitcoin below $80k
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Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
Well, with the finite supply and the institutions coming into the space and buying those Bitcoins in bulk, that would create a supply squeeze and that would be the reason for Bitcoin to go up to a million dollars like he said... or it might not. :D
Anyway, he's saying things like this because Bitcoin is tied up to his company, Microstrategy. Just look at the price movement of the stock of his company and Bitcoin. It's completely the same and in fact, the stock has gone up more than 500% already. It's a bit complicated, but to shorten it, as Bitcoin's price goes up, so does his company and the stock that's why he's saying things like this.
As an investor, the only way we gain profit is through selling it, and not selling your Bitcoin "FOREVER" for me is considered a stupid move. Bitcoin isn't a collection where we will be holding it forever. It's an asset that we need to sell in order to gain profit from it.
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Please note this is my thread on the other forum, BTT to be precise, I decided to share the same here to get opinions from here as well. Thank you.
Came across a video clip on telegram
https://t.me/cryptothedoggy/4060 (https://t.me/cryptothedoggy/4060)
Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
I think that you could express a best comment in your post. So i am also agree with this post. I also believe that if we don’t sell our crypto in this time, i believe that it will be correct decision for us. Because we know that bitcoin price is increase rapidly in cryptocurrency in this time. We also believe that gradually bitcoin price also increase in cryptocurrency market. So if we don’t sell in bitcoin and keep it for future, i believe that it will be a great decision for us. Because i think that donald trump could be best support in cryptocurrency market, which will be great achievement for us.
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Please note this is my thread on the other forum, BTT to be precise, I decided to share the same here to get opinions from here as well. Thank you.
Came across a video clip on telegram
https://t.me/cryptothedoggy/4060 (https://t.me/cryptothedoggy/4060)
Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
I think that you could express a best comment in your post. So i am also agree with this post. I also believe that if we don’t sell our crypto in this time, i believe that it will be correct decision for us. Because we know that bitcoin price is increase rapidly in cryptocurrency in this time. We also believe that gradually bitcoin price also increase in cryptocurrency market. So if we don’t sell in bitcoin and keep it for future, i believe that it will be a great decision for us. Because i think that donald trump could be best support in cryptocurrency market, which will be great achievement for us.
I think it all depends on each person's consideration in investing. They can hold their bitcoin and altcoins for long-term holding or they can make short-term and medium-term investments to get profit to buy back potential coins and sell them again when they get profit, I also do that. because long-term holding requires free funds while I have to increase my crypto assets so that when the bullish season I have more assets to sell.
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Michael Saylor is heard saying/advicing peeps to keep buying bitcoin with their spare cash and never sell, that he is confident that one day, he's going to be buying even more bitcoin at $1 million dollars per coin..
And I am wondering, is this his way of letting us know that he's not even ready to sell any of his bitcoin anytime soon?
Does he plan to hold more bitcoin than every one else? Possibly he knows something many of us seem not to know?
I am curious.
This is not something we can really picture for real that he’s actually saying it because he knows it’s going to reach that price per one. He is only saying all this so that he can have some relevance in the bitcoin space too. His statement aren’t that bad and are positive prospectus that we may see bitcoin becoming in the future. If you’re able to hold bitcoin and not sell it for years to come, that should come from the conviction you’re having about bitcoin and not what an influential person feels about it or suggests it may become in the future. The bitcoin market is unpredictable, and as such, we should not make it look like we are just following the words of others, an influencer before taking action about them.
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People will surely sell and spend BTC, there is no way you can advise one never to sell BTC, that is even lame in someway. I know BTC is great, and i don't intend to sell 100% of my coins, but selling a part of it is never a bad idea, you can sell some and put the funds into something else or buy yourself something cool; that's life.