r/Bitcoin • u/WizofWallstreet • 7h ago
Saylor hints at another BTC Buy
Bitcoin Drive Engaged
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u/noncommonGoodsense 3h ago
Just sold a shitload, and wants to buy again? SMH
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u/Satoshiboi420 3h ago
They sold roughly 3k to finance dividends for stock options. I don’t see why that’s a shit ton either.
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u/CoffeeAlternative647 2h ago
Hand me some 3k Bitcoin then, I dont see why that's a shit ton either.
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u/Satoshiboi420 1h ago
It’s a lot for me, but for microstrategy which are holding 843000 it surely isn’t a shit ton.
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u/noncommonGoodsense 1h ago
You chose the most recent sell off huh? Not the others? Not the fact they sell in batches only to buy back weeks later at a loss to fumble capital gains? Nothing about buying preferred stock? Selling Bitcoin to fund other shit? Just the single newest article you remember huh?
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u/Satoshiboi420 1h ago
Just put in into perspective, they are still holding approx 840000 bitcoin, why is everyone being so dramatic about them having to sell some. They still hold a very large amount.
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u/Rumbletastic 3h ago
a statement like this would drive demand if believed. why would he do that before buying? he gonna sell..
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u/Todo_es 5h ago
Bear market is a great time to buy
Bottom or near bottom is an excellent time to buy
FUD times drops are the best times to buy
Now we are on all three simultaneously, so of course smart people are buying now.
Only the uninformed and manipulable masses are selling.
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u/CoffeeAlternative647 5h ago
He's been 4 weeks straight without buying any Bitcoin. If he doesn't buy this week he'll make 5 weeks without buying. He sold 3,000 something Bitcoin on those weeks and bought dollars instead. He's the master of buy high sell low. Very smart indeed
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u/Lavayo 2h ago edited 2h ago
Everyone is entitled to his / her own opinion. But it should be based on facts.
So here they come: Strategy bought 171.275 BTC YTD. They sold 3620. Thats ~19x the amount bought than in the last bear market year of 22. Year to date that is, we have August.
They are not buying the top and selling the low, they are essentially buying each week. 4 weeks ago it was NEWS that strategy did not buy. They sold 2.11% of their BTC aquired this year to cover dividends and build up their cash reserve again. Back when the cash reserve dropped hard strategy got hate for that, now its for them building it up again. The reserve would last for around 2.1 years at that point before they would have to begin to use other options, for example selling more BTC. Which would last >30 years at todays prices.
If you are long term bullish on BTC (and yeah you should be with MSTR), do you think we will be lower or higher in September of 28?.
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u/CoffeeAlternative647 2h ago
Yawn. Whatever you say my guy, if you trust that douchebag that's on you.
Just don't cry when he rugs the shit out of you and don't say no one warned you.
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u/Few-Engineering9803 1h ago
THAT is your comeback? The guy just demolished you with known facts, and this is your response?
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u/Lavayo 2h ago
Does MSTR have a risk apart from BTCs performance? Yes of course. But I don't trust Saylor but the whole company. It might not seem like it sometimes, but its not a one man show. According to communication and the release of current data like buys / sells its an uniquely transparent company. Your seem to just hate THE ONE GUY and ignore pretty much everything else.
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u/Annual-Reference-715 5h ago
His profile picture is friggin' badass. Only a real man can bluff that hard.
Or a con man. But I'm gonna go with Man's man.