Post
Topic
Board Bitcoin Discussion
Re: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.
by
Lucius
on 29/12/2023, 15:57:28 UTC
~snip~
Despite all this positive news, I suggest we shouldn't get carried away. Microstrategy has introduced a strategy of continuos purchase of Bitcoin. Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.
What do you think?


Do you think anyone is still reacting to what Saylor is doing? If you look at history, maybe the first purchase had some kind of FOMO effect, but everything after that passed almost as if it never happened. Saylor, unfortunately, is not someone to whom the masses worship, as is the case with Mr. Mars or someone from his category.



Don't trust them. They will sell their bitcoins in future.
They are a strong investor and strong hodler but they will sell bitcoins in future.


What does trust have to do with this case? Saylor is an entrepreneur who invests in Bitcoin for profit, as most ordinary people do. It is completely irrelevant whether and when he will sell all or only a part, because every day approximately $20 billion worth of BTC is traded and this is a completely legitimate thing. We cannot say that the one who buys is good and the one who sells is bad, that simply does not make sense.