Post
Topic
Board Trading Discussion
Re: Michael saylor and his bags
by
wxa7115
on 28/06/2021, 21:02:04 UTC
You are saying that from a trading point of view. Entry point matters in the short term but not in the long term.
As you said Michael Saylor must be buying for a long term and hence he is buying every dip.
This might be a good strategy as long as we have enough money to buy the dip. But at the same time we have to look how much funds are left.
We can't put all our money at a single dip and then wait for the market to dump further.
But yeah, we don't have to worry about the price if we are in it for long. It's always a good time to buy bitcoin.
Well that is one of the advantages Saylor has as an institutional investor that we do not have, our funds are limited so even if we want to buy every single dip we are not going to have enough money to do so.

But when it comes to Saylor the only thing he needs to do is to ask for low interest loans from banks or other investors and get the money to buy the dip, this is why his stash is growing more and more each quarter and he has become one of the biggest holders of bitcoin around the world even if he is buying bitcoin for a price of double digits while the other whales got when bitcoin was worth barely anything or before it was worth 10k.