You gotta give it to him, the guy from the dotcom bubble is pretty clever! I bet Charles Ponzi and Bernie Madoff are rolling in their graves, green with envy over this 7D chess play!
Not only did he buy high just to sell low, but now he's thinking about selling off cheaper assets he picked up with borrowed cash, which he still has to pay interest on!
Honestly, I'm just wondering, is there anyone still in the fan club defending this as some kind of genius plan from the guy who created the endless money printing machine that only seems to generate liabilities? Is there anyone left in his corner who can still argue this is a smart move, or has the truth finally hit them hard?
What a move! Saylor's plan to sell Bitcoin to fund more Bitcoin purchases!
19 replies 205 views
I also think this is not a wise approach. I mean how Michael Saylor aggressively bought bitcoin in a way that he wants to sell bitcoin now. Why did buy the bitcoin he bought the last time if he wants to sell some, and also he should know that bear market still exists but diminishing. Probably we should be expecting bear market again that might drive the bitcoin price further down, but not below $50000 if he sold $1.25 billion of bitcoin. With the bitcoin that Strategy has accumulated already, this will not be an issue, the company will have a positive balance later.
I am not Michael Saylor fan especially in this market cycle when he and Strategy actually escalated leveraging tools and took more risk. What Strategy did in recent years are good for Bitcoin market in marketing but for the Strategy company and its shareholders, it's very risky.
Taking risk is only good and acceptable if it is managed well while with Strategy, they seem to ignore many principles of risk management. Even they're right that Bitcoin is the end game, it does not mean their company will succeed by using many leverages. Bitcoin price falls are not too terrible with them, but MSTR falls will cause more severe issues for their company finance.
In financial market, not only in Bitcoin market, there are always market makers and competitors that have many reasons to beat Strategy down. Soon we will know how Strategy will end from their over leverages recent years.
vector_whaleNewbie
Posts: 198 · Reputation: 12
#4Apr 19, 2018, 07:36 PM
Thats what I thought.
Although yesterday, the market reacted positively to this measure, but what the market does in a single day doesnt mean anything. Its probably just retail investors buying in, thinking this is a brilliant move.
The real test will be what happens over the coming months. And, above all, what will happen on the Monday when he announces that he sold bitcoin the previous week, as happened on 1 June.
The thing is, the more I think about it, the less I understand it. When the price of Bitcoin was at $126,000, he borrowed huge sums to buy it, and now that its less than half that, hes going to sell? And this is supposed to be a brilliant idea? LMAO.
Lol, now we know what was Saylor master plan.
He dumped the market because he wanted to sell low. Buy high, borrow a lot to buy high, then sell low. A foolproof strategy, as everyone knows.
Seriously though, I think that of all the options he had at that moment, this was probably the least bad one. The thing is, none of them seemed good, because hes cornered himself into this situation.
cryptoone936Member
Posts: 59 · Reputation: 51
#6Apr 20, 2018, 12:20 AM
The market did not reacted positively to it yesterday but neither did the market reacted to it negatively. If the company has started selling bitcoin, that can be felt in the market but the company has not yet started selling the bitcoin. The first time the company sold very small amount of bitcoin, it is possible that they used it for testing and to let people know that they can buy and sell bitcoin at anytime. Some people were thinking the company will only be buying bitcoin but which is not possible.
People who prepare money for Bitcoin accumulation will feel very comfortable with market corrections in bull market or crashes in bear market, because they know that Bitcoin will be well in long term, and such chances give them discount entry prices. It can come from news, actions from Strategy or any other entity but if an investor can buy bitcoin with cheaper price, it's good and likely what he wait for a long time.
In contrast, people who don't prepare for these market changes and have bad financial preparation will naturally feel very fearful and panic.
block_quantumMember
Posts: 232 · Reputation: 56
#8Apr 22, 2018, 12:17 PM
Well, I just think he now realizes that Bitcoin is no longer going to $180k as he has presumed at the time that price per Bitcoin was still $120k, there is one thing I learned in the crypto space, price movement doesn't respect prediction, that is why an investor needs to be reactive at times towards price movement and what I mean by that is, at times, you should look past your prediction (your confidence or ego about price getting to your target price) and come to terms with the fact that price would not get to this predicted price of yours, so you have to take profit and wait. Saylor's words were "Bitcoin will get to $180k and dip to $140k as correction" Right before his eyes, he saw that Bitcoin price was printing bearish candles on the monthly timeframe which was since October 2025 - February 2026, every of those months ended in red candle, if he wanted to sell this year, his reaction then would have been to sell then and not now.
The hilarious thing about this situation is that the market rallied on this news. These are the people youre trading against. They are all emotion and wishful thinking. Now people are heading for the exits weeks before we hit bottom after buying the top for a year. You cant make this stuff up.
Well few months ago these would have been more outrageous
But currently TBH I don't think he has more options now in generating funds
Especially to finance debts or payouts if like some believe we may Go deeper.
STRC is broken
ATM on Mstr would just be placing salt in an open wound.
I confess, I used to think Saylor was a wise man, but now I've discovered how foolish and deceitful he is.
Even a fool wouldn't buy at a high price, borrow a lot of money to buy at a high price, and then sell at a low price! What a guaranteed failure strategy.
Saylor once boasted that he intended to "burn" his private keys to Bitcoin after his death, but if he continues with his failed policy, he will have nothing left to burn.
People are now realizing that he has gone ahead and sold the companyand even has the nerve to tell people that he never said his company wouldn't sell.
Michael Saylor CAUGHT Lying About Never Selling Bitcoin!
But there were many other contradictions before that, which I pointed out when I was the only one criticizing him on the forum and was met with silence, skepticism, ignorance, and accusations that I had a grudge against himthings like that. I'm not going to repeat this again because I'm tired of saying the same thing over and over, but this guy has lied about several key points of what was supposed to be his strategy. It's funny that he changed the company's name to Strategy when the strategy he follows is constantly changing.
neonhub390Newbie
Posts: 199 · Reputation: 24
#13Apr 25, 2018, 09:10 AM
Really makes you think how easy it is to sell sticks in the forest as long as the forest is full of gullible idiots... Is hype the only thing that people throw money at nowadays? Imagine the mental gymnastics these "traders" have to do in order to convince themselves that the market is indeed headed in the direction they guessed it would go towards. They could just as well call a 1-800-number psychic and ask them about which direction Bitcoin will go tomorrow... Or would the modern version be called an influencer?
But, but , but... an economics Nobel Prize winner from Wakanda told us that we're stupid and we don't get his genius...
I'm sure this is some 67D chess strategy, he dumps his bitcoins so he will crash the price to $1 so he can buy then all for just $21 million, or something like that!
Or, or....71D chess strategy...
He bankrupts Micro, gets sued, his ponzi scheme sends him to prison for fraud and in prison he doesn't have to pay rent, and he uses that money to buy cheap coins!
Total win!!!!
180k? What 180k?
He just said his target is 1.5 million two weeks ago
https://x.com/BTCPrague/status/2065377706108170504
trader_quantumNewbie
Posts: 143 · Reputation: 29
#15Apr 25, 2018, 02:23 PM
So the outcome of this stupid ass announcement by MicroStrategy was the market mass buying both STRC and MSTR.
Even though most of the money for such operations can now come from either selling MSTR or BTC because they'd literally be out of cash in months just by funding their dividends... But other than that this whole premise is contradictory.
Sell BTC, MSTR nav goes down and you can't utilize MSTR selling. Issue MSTR and the nav relation becomes negative so this tool can't be utilized again in a good while.
What is the market thinking to buy even more STRC and MSTR? How could this plan work better than just holding and selling BTC? Makes zero sense.
You're absolutely right; it's quite funny that he changed the company name to "Strategy" while his strategy is constantly changing.
I now realize that Saylor's strategy from the beginning was to manipulate people by using words that made them believe that his company would never sell Bitcoin, then he comes out in the last interview and says with complete audacity, "I told you not to sell your Bitcoin, I never said that the company would not sell Bitcoin." What a huge hypocrite!:o
He is actually quite dangerous to the bitcoin ecosystem because he has concentrated so many coins in the hands of one company which is currently massively underwater and is a massive target for short selling due to this. The longer bitcoin stays under the average price he paid, then the company will struggle to raise any more money to buy extra in future. Instead of being good, he is trying to remove supply from an already limited system and will make it harder to use it as a currency. The pieces will all start to fall over soon enough because investors will want to cash out, forcing sales and then it will snowball even further - the strain will turn into a vicious cycle before total collapse.
wallet_forkNewbie
Posts: 1822 · Reputation: 24
#18Apr 25, 2018, 10:14 PM
And with ease he can be bailed out soaring the price back over 100k.
Look did not Musk just create 160x8 billion for spcx on a company that lost 5 billion last year.
what is the point of this 1.248 trillion in wealth all based on the future of spcx.
and musk owns 60% of that or .6x1.248=0.749 trillion or 749 billion
what is the point of that. Musk can acquire 500k btc x 80k = 40 billion and still have 709 billion in stock.
and that would be the cheapest way to acquire 500k btc as actually buying it on exchanges would moonshot the price .
The news of Musk getting 500k coins and Saylor making about 6000 on each of those 500k sold would
a) leave Saylor with 350k coins and 500,000x6,000 = 3,000,000,000 profits all debt would be cancelled.
b) Musk becomes the biggest owner of BTC that is known
c) coins will shoot up to 80k overnight
d) retail will want more coins price goes up more
e) all problems gone for btc and new full bull
f) on the other hand none of this happens and a big crash happens
g) be ready for either one
h) have your popcorn to watch the show.
cryptoio909Newbie
Posts: 126 · Reputation: 19
#19Apr 26, 2018, 10:58 AM
I don't think Michael Saylor needs Bitcoin at all for his financial scheme. It's too much trouble... 🙋He could simply raise money by issuing bonds and then issue shares of his company. By issuing shares, he could pay off the bond debt. He could spend the rest of the money on yachts and prostitutes. It would be a great business venture. 🙋
As for Bitcoin, in my opinion, the best solution would be to give it away for free to Bitcointalk forum members. I have nothing against Michael Saylor personally. However, I often criticize him, but if he makes such a decision, I will praise him in every tenth forum post. I commit to it! 💁
What people don't see is that many coins where purchased under the average price tag the public uses to play in news.
If you buy at 12000 and sell at 60, 70, 80 or 90 you make a healthy profit.
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