Quote from: riantolie on Today at 06:35:18 AM

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Microstrategy is a software and cloud-based company in US and all the Bitcoin you are around is owned by the company and not Micheal. According to some latest report, Micheal Saylor in person has about 17,732 and Microstrategy as a company has a total of 189,150 as last reported, I'm not sure if Micheal acquisition of personal Bitcoin has increased but he doesn't own all the Bitcoin. However, he owned about 24.2% share of the company which makes him the biggest shareholder and that is why he is representing the company and always agitate for bitcoin adoption.

What I fear is the rate at which they buy bitcoin and take all the bitcoins from weak hands and a time will come when the bitcoin community will be weak, all the power will be shifted to the institutional investors because they are holding large junks of bitcoin. Now imagine the total circulation, if 60% is been held by this group of people, are we going to have a say on how decentralized the Bitcoin network will be, I don't think so because by then, they will want to be in control of their investment and not with some boys that claim tech guru.

Quote from: CODE200 on Today at 06:41:12 AM

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Don't worry too much, even if he's got 1% of the total supply, he's definitely not the type to dump all of that to get profit and I don't think that he alone can't do it anyway right? There's a board of directors or stakeholders that are going to approve on what's the next move MicroStrategy is going to do so we don't have to worry too much.
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He is the only one buying and holding, we have many of them who are secretly buying without making noise, now imagine if all of them decided to do what they like? You really want to trust a man that has billions invested in Bitcoin and you expect him to think like a typical person? They will sell when they want, remember that Elon was more bullish than he is right now but what happened in the end, he flipped his followers and sold more than 70% and went to face his cyber trucks.