Quote from: damberg on September 30, 2020, 08:14:51 AM

Quote from: Ratimov on September 25, 2020, 08:44:37 AM

Well, as I expected, Microstrategy was purchased by bitcoin only to hedge their risks in the stock market and they are not particularly interested in investing and developing their crypto investments.

Michael Saylor himself confirmed that they are ready to sell all their 38,250 bitcoins at any time. I think everybody understands that it will be a big dump and bitcoin's hike to 9k minimum.

Those who were glad that Microstrategy helps bitcoin grow..... now as if it had to grieve because of them, it is now falling.

To view Michael Saylor's position, please click here: https://www.bloomberg.com/news/articles/2020-09-22/ceo-says-bitcoin-is-safer-after-moving-firm-s-cash-to-crypto.

Considering that they are ready to sell the whole pile of bought Bitcoin, it looks like a massive and risky bet by the company executives (except if they know something that we don't know yet). They are not interested in crypto industry, their purchase made a headline once or twice, but the company will probably never enrich crypto sphere with their own product or solution. Sad

Their lack of commitment to hold indefinitely is definitely worth nothing. Michael Saylor is all over pumping bitcoin now that his company owns so much of it, but he comes off as a total shill in light of how he pumps it endlessly on twitter but his statement that they'll dump the bitcoin if the bet goes south on them. If it was any crypto other than bitcoin, his name would be synonymous with all the other shills. But because it bitcoin, people are treating him like a hero around here. I'm not one to be fooled by that.