unlike most of us who tend to buy bitcoin during its dips, Michael Saylor has a different strategy. strategy buys over 3,000 bitcoins again despite bitcoin declining. but their purchases for this month actually is lackluster compared to their previous purchases during previous months.
“I’m going to be buying the top forever. Bitcoin is the exit strategy,” the Strategy co-founder said in 2024.knowing this strategy, do you still feel more compelled following strategy's bitcoin purchases? is Michael saylor concerned about something other than maximizing his bitcoins? perhaps the reputation of his company is still on the line and he has to protect the confidence of his investors hence why he only buys when bitcoin is doing well.
while strategy is admirable for continuing to buy bitcoin, we individuals should not be following strategy if they tend to buy bitcoin at its peak. now that bitcoin is declining now is the time to accumulate the most bitcoins as you can again.
Yes, that's right, I totally agree with you, considering that everyone's economy is different, maybe when we have sufficient or even excess finances we can follow this strategy, but if we are just barely enough, we definitely have to pay in installments or even buy when the price is low, to meet primary needs first, I once made a review about buying bitcoin for people who are able (rich) or people who are not, you can see it here
If someone says that Bitcoin is only for the rich, I think that's just a perception of the people who judge it. Often, the media only highlights wealthy individuals like billionaires or celebrities when they buy large amounts of Bitcoin, giving people the impression of exclusivity. Furthermore, during times of network congestion, transaction fees can be very high, making even small transactions seem unreasonable.
But in my opinion, and perhaps most people's, Bitcoin is neutral, meaning anyone can own it—whether it's the wealthy seeking to protect their assets or the lower classes needing a way to store value without fear of inflation. The rules remain the same: you don't have to buy a full 1 BTC; you can start with a very small fraction, even thousands of satoshis. So, it's clear that Bitcoin isn't just for the rich, but for everyone, depending on how the community or individual adopts it.