I get that he's been pretty positive about bitcoin and probably doesn't want its price to drop, but lately, he mentioned the company might sell some bitcoin to pay dividends. Plus, he just announced they bought bonds instead of bitcoin this time.
What if he’s actually aiming for a slight dip in bitcoin's price so he can scoop up more at a better rate? Maybe he’s testing how the market reacts to their not-so-great news.
Is Michael Saylor trying to push down bitcoin prices before his next purchase?
19 replies 206 views
stack_2017Senior Member
Posts: 201 · Reputation: 1389
#2Sep 13, 2024, 02:58 AM
I highly doubt it. If we look at each time he announced buying Bitcoin, one could easily see that it's not calculated at all. So if he wanted to do that, he would've done it before but instead, he just buys bitcoin aggressively, at all times.
It's also best to announce that they're going to sell some BTC, as opposed to just selling and people figuring it out through onchain data
AtomicCipherMember
Posts: 58 · Reputation: 247
#3Sep 13, 2024, 06:11 AM
I think that, in any case, he will choose the strategy that is most beneficial for him. It is quite possible that he already has a Plan A, Plan B, and even a Plan C prepared for different possible scenarios. He may believe that bitcoin is currently in a downward trend and has not yet reached its bottom, so it could make sense to wait and then buy more later. For now, it might be more profitable to invest in bonds instead.
They can buy bitcoin anytime, and Bitcoin market can rise or fall after Strategy's purchases. It's not like always happen if Strategy purchasing bitcoin, Bitcoin market will fall after that. So this question is baseless and there is no convincing evidence to support your theory even I know that Strategy leveraged too much in latest years, and they bought bitcoins in both bear and bull market.
With purchases in the latest bull market, now they have temporary losses and it can be reasons for critiques against Strategy's purchasing strategy and any assumption on effects on Bitcoin market.
paul.stakeHero Member
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#5Sep 13, 2024, 04:06 PM
Doubt it to be honest. Saylor's whole brand is "never sell" and trying to manipulate price down would tank MSTR way harder than he'd gain buying a few sats cheaper.
The bond thing is probably just cheaper capital for them right now, plus dividends have to be paid in cash anyway so selling some BTC for that isn't really bearish, it's just accounting.
vault_alphaHero Member
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#6Sep 13, 2024, 09:31 PM
Michael Saylor is a human being, so some human nature could be seen as well. People idolise the guy so much because of his position about about Bitcoin, but in the end, within him, it's like: "will it work, won't it work?" And if it works, people see him as a genuine, which is not particularly true. It could go south as well (at least in his mind). Now, that some calculations are not as planned, pressure is mounting. That's what I see.
You can't say he wants Bitcoin to fall so he can buy, no, what he's doing is common to companies, especially the popular ones, you say your plans ahead to avoid a backlash. It's even better for him to say it and the market weighs it effectively before it happens, than for it to happen unexpectedly and the market views it negatively more.
the_matrixSenior Member
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#7Sep 13, 2024, 11:46 PM
If he wanted to manipulate the price of BTC and cause a fall, then maybe he should have just sold some of their BTC holdings, that sounds like a more effective method of manipulation.
Personally, i don't think he is trying to manipulate the market. Though bitcoiners should understand that a day would come when they would sell some of their coins, doesn't matter how long it'll take, it is bound to happen.
He has 🕵🏻 tested the market, maybe sold some to bring the market down, and is now testing whether he can bring the market down further and buy more.
In fact, many millionaires or wealthy people now
sell some Bitcoin during big events, such as:
Christmas🎄, World⚽Cup, US 🗳 elections, etc.!
So he may be doing the same now. He needs to bring the market down a little more, but this time not by selling his own Bitcoin, but by selling other people's BTCitcoin so that he can buy them.
As long as it is bitcoin, it will work. Michael Saylor, people that have known what bitcoin is and I know that it would work. Businesses is not about will it work for people like Saylor, he know what he is doing.
That is true.
HumbleC01nFull Member
Posts: 41 · Reputation: 360
#10Sep 14, 2024, 12:11 PM
That a company said they can sell some bitcoin in the future does not necessarily mean that they want to sell, because most companies usually make room for different options just should in case.
Is it possible? Yes but there is no substantial evidence to proof that.
Personally, I don't see it that way because his company already holds a large amount of bitcoin so if he manipulates the price in this manner and the price of bitcoin falls, that means it will also a reduce the value of his holding.
Now what you just said here is what EarnOnVictor comment is trying to point out about how people just think that Micheal Saylor is some kind of genius that is immune to making a wrong decision. Mind you bitcoin isn't a perfect digital asset and regardless of how much we believe in it not to go south in the future there's still some risk of uncertainty that's why we're advice as plebs to always use what we can afford to lose on investing.
I dont think anyone needs to actually call Micheal Saylor a manipulator for actually calling for a bitcoin sell because he has constantly been an advocator of buying and holding. He has been buying even when market is actually raising which I think was solely because of his DCA strategy.
One thing people need to actually realize is that Microstrategy is a company and before they started investing in bitcoin they were actually into stocks, so it was expected that they still buy some to keep.
And to think that they are even selling at this period actually signifies that the company actually has a laid down plan and not just randomly buying or selling to manipulate the market.
I've seen some real nonsense posted on the forum about the subject, but this thread takes the cake. Aren't you embarrassed to write that, OP? You're just starting a thread about your thoughts without having the slightest clue about the subject. Saylor buys almost every week; if you knew that, you wouldn't have even thought of starting this thread. Here's a list of the purchases.
https://www.strategy.com/purchases
Don't you see the contradiction in what you're saying here? The brand can no longer be never sell if he's saying he's going to sell. Now he says this:
And haven't you heard the latest? It looks like he bought bonds this week, HAHA.
Nobody said Micheal Saylor did something wrong, I did not know the reason you said wrong decision, this is exactly the reason some people make a thread to be self-moderated.
You also said bitcoin is not perfect. What is the meaning of that? Have you seen asset that people are trading that is not having bearish period? Bitcoin can be said to be perfect because it is a store of value.
This is true but it is not stocks, it is bonds.
Your brain is out of your head if you can not post politely. Make your own opinion politely, not that you will turn this forum to a place of superiority. I know about Michael Saylor years ago but I am posting about if there can be possible institution manipulation. If you post like this, you do not know what people can do, you have a primitive brain.
Hmm, if this happens, then I guess the price of Bitcoin can fall somewhere near the $50k zone. But for this to happen, we need to have a panic sell, which does not seem to be the case that will happen soon, maybe, in my point of view. And still, if this happens, there, we can see a good accumulation zone at that point. And this time in a bear market, the buying will be more heavy as compared to the previous bear market.
Because for this, we have many reasons, like we have a more friendly bitcoin ecosystem around different edges of the globe. DYOR! Institutional, organizational, and companies' adoption has increased more and more, especially this time, as bitcoin has also been added to some countries' strategic reserve, where some are still considering adding it to their national strategic reserve.
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#16Sep 15, 2024, 02:40 PM
Well, I agree with the first part that he could sell some of the bitcoins to pay the dividends, and that's just normal, but the intent will never be that he wants to sell because he wants to dump the price to buy low. That would not be his intention, and the business model that he is running, that isn't the need for this either.
But yes, even if there is news that he wants to sell the bitcoins to pay dividends, the market will react to it, and we may see a bit of sell off, but it should be bought up quickly by saylor himself or other institutions / ETFs, etc.
This is 2026, and any bitcoiners who still trust in believing any statement made by these people who were once against Bitcoin before seeing the technology as something that can't be destroyed due to how it holds the future of finance, and has the potential to save them from possible government unbanks in the future, are not meant to be in the BTC space.
ryan_vaultFull Member
Posts: 35 · Reputation: 291
#18Sep 16, 2024, 01:36 AM
It is not a new thing for them to want to drive the bitcoin price low so they could buy more of it. It has always been their strategy so that the market would crash as holders panic sell, which would further cause a decline in the price of bitcoin. This is what they have been doing for their own personal benefit. Kiyo Saki does that, and other big names in the industry do it to benefit them, even some so-called politicians who claim to be leaders do it for their cronies and lackies to buy more when the market eventually crashes. That is how they manipulate the market to their own benefit.
cryptolordFull Member
Posts: 88 · Reputation: 316
#19Sep 16, 2024, 02:28 AM
I don't see the need for him to do so, as they have consistently bought Bitcoin regardless of market conditions. Regarding the strategy of possibly selling some Bitcoin, I believe it's their strategy to maintain the company's performance. It's their decision, after all, because they are a company, and Saylor, as chairman, is responsible for its direction.
But if he does sell, it would be the opposite of what he has always said: "never sell."
Your instincts maybe right. We're in a new bitcoin market cycle while currently as price is declining is obviously that we're in the bear season which according to investors sentiments the season is attractive times to buy and hold ahead of the bullish season.
Bitcoin price can only be manipulated but but regulated, so if any investor or institution like you mentioned Michael Saylor can manipulate the price for the favour of the institution, there shouldn't be hesitation if they've the influence to do so but the bad news remains that they may be forced to sell out of the strategy to buy at the low and other institutions and whalers maybe buying at same moment to disrupt the Saylor's strategy as a matter of fact that the market is trading 24/7.
The announcement of buying bonds doesn't mean they're dumping bitcoin, so you may be wrong of the Michael Saylor's alleged intention
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