Michael Saylor has dropped some hints about making another big Bitcoin buy, which would make it the 13th straight purchase for his strategy. His company now owns 640,808 BTC, bringing in unrealized gains of around $23.6 billion.
Is this next buy gonna help push BTC over $110K again?
BTC: Michael Saylor Drops Hints About 13th Straight Buy During Trump’s Trade Deal
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quantumbearHero Member
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#2Sep 20, 2022, 02:52 PM
Just know that if bitcoin get back to $50000, Strategy will not shake but they will accumulate more bitcoin and the price will later increase . The market is doing as if bitcoin may go below $100000 and bear market is still very possible. Before you invest, make sure you have the goal of not selling early if you invest at this price.
His buying looks normal at this point, so it wont really create much hype anymore. The reason for this dump is probably bigger than just the news of him buying again, since thats nothing new.
The companys holdings reached that level because theyve been consistently buying over time. Still, its good news, even with the market dumping, hes showing confidence by continuing to buy just like he always does.
silentchainHero Member
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#4Sep 22, 2022, 06:52 PM
The bitcoin market is very logical but easy to go with when you don't underestimate any of the trajectory trending volatilities.
Perhaps Michael Saylor understands the concept which is why they could buy even at the bottom.
Just an information, the Strategies accumulating process is not a primary focus to push the bitcoin price upwards but to accumulate as much number of bitcoins to their portfolio believing the price will rise in uncertainty or in the long run since they are not selling anytime soon.
Although their accumulating pressure could influence volatilities to push price upwards since they usually buys bulk of bitcoins. But at this very time, it can not be assured that their currently purchase could jet the price but anything can happen.
It's all about the current Macroeconomics.
This buy won't do a pygmy rat's ass for the market. That's a DCA flex, but believe me they're gunning in on a further dip, and then they'll really load up the waterwells for a flood of pain. Something tells me we'll be seeing quite soon again when $100 buys an entire mBTC. Bull was fun, ATH was fun, but I think it's time we took the cows home for a bit. Of course, I am accustomed to being proven wrong...
bridge_atlasFull Member
Posts: 259 · Reputation: 692
#7Sep 25, 2022, 01:58 AM
The Bitcoin market has matured. It's way past the times when even just a rumor about a given Financial entity buying Bitcoins would lead to an upper market trend. So whether Saylor buys or not doesn't really matter when it comes to market movements.
What is notable is as though Saylor and group are trying to gun to have over 1M Bitcoins in their possession