He got scammed
He got scammed
He's trying to squeeze the market and failing in spectacular fashion
does it not cross his mind that if the market is only going up when he does billions of buys, he probably should wait before buying more
average price over $70k
been buying for almost 5 years
extreme risk taken
not even up 50% to show for it
lmao
he's the egg man! he bought all the eggs!
105k is exactly +50% from 70k though, not great though, he seems to tend to buy more at the top than at the bottom
Just keep in mind he is absolutely NOT up 50% in practice, even if he is so on paper.
He owns several percent of all coins in existence. If he decided to sell, he would decimate the market, causing his own coins to be worth far less before the selloff could be completed. I actually doubt the true market value of his stack is even in the green at all.
why are people investing into it then? it could crash extremely hard
Welp, 7.5 months of supply gone just like that. What happens next month?
I dont know much about this dude but how do his followers justify him buying high and being used as exit liquidity
What coins? Does he hold other things besides btc?
Coins meaning multiples of bitcoins
Oh, and translate this one:
de.wikipedia.org
He got away with a full billion of tax loot. The whole scandal was played down because the highest echelons of German politics were personally involved. He's living on an island in a luxury villa now.
Massive society-shattering scams happen every few years.
Why should I trust you? You didnt even know 105k is 50% up from 70k
If he decided to sell,
One day I'm going to be able to buy in at sub $60k before a bullrun to $300k and it will be glorious.
woke up at 2am
burnt my highest rarity orb
not for profit
for penance
chat said “why?”
I said “the orb told me”
orb says nothing
orb says everything
not even up 50% to show for it
seems ok for a cash position
how are your bonds doing?
He would be up more if he bought gold. What a retard.
There is zero reason why anyone should invest in MSTR and take on additional management+regulatory+bankruptcy risks when you could just buy Bitcoin yourself.
i'd buy that it could hit 70k at some point, and once it becomes 80k i think it will start to act like a magnet. did you ever see dune 2? when that magnet pops out from under the sand and slams into that billion dollar spice harvester and explodes? crazy shit
He is also not up 50% because you can't just count his 2020 buys at the same value. Even with bonds it would be worth 15% more now.
He isnt up 50% because other assets are up 15% too
Okay retard
The Bitcoin core dev community is currently undergoing a civil war making it more unstable, uncertain, and controversial (Literally Segwit 2.0, making changes without community + miner consensus) then Trump's america And Saylor is clueless buying the top, meanwhile LINK and ETH are super stable community wise and collectively planning for the quantum future, with no issues in its core dev. This wasn't discussed on the Bitcoin conference because they thought it would negatively affect the price and brought in altcoins at the last minute (LOL) so ya thats why they talked about altcoins in THEE bitcoin conference.
Midwit math. Yes if they somehow market sold the entire 2.7% supply stack market they would get a terrible execution, but thats not going to happen. It will be a worse execution than the current market price, but its not going to go from +50% to negative territory are you fucking retarded. Maybe from +50% to +40% or whatever.
You're forgetting the part where everybody panic sells because Saylor has started selling
So what happens when BTC crashes to $70k?
running out of OTC sellers
Anon Babble thinks it's bearish
2.76% of the total supply... lame
once it gets to like 5% btc is unironically fucked
I said less than 50%, because at the time of writing he was up 49.7x something percent, because I checked saylortracker.com just before I posted.
So I know perfectly well how much he is up, and the only reason I didn't correct the first guy that incorrectly asserted that he was actually up 50% at the time rather than less than 50% like I said, is that I'm not a pedantic retard like you.
Couldn't he sell them OTC?
This man makes bobos absolutely seethe.
First of all, no, the OTC market isn't that big. I must repeat: Several percent of all coins in existence. It's a ridiculous amount.
Secondly, even if he could, it wouldn't make any difference. Selling OTC is just selling publicly with one extra step. The OTC market is made up of liquidity providers and arbitrage-hunters that will just propagate the trades onto the public market later.
Maybe from +50% to +40% or whatever.
For him to only lose that little during the selloff, the market would have to crash less than 7% on average during his selling. You are absolutely crazy if you think that is realistic. It doesn't matter if they try to spread out their sales or do anything fancy otherwise, because the main obstacle is psychology. When word gets out, there will be third party panic selling like we've never seen, because the loss of MSTR's stack is basically the worst possible thing that could happen to the market outlook and people know it. So honestly they might make the most money if the DO sell as much as they can at once, in secret, before the word can get out. Of course, it's not even possible to sell that much it all at once, so they'd have to spread it out somewhat whether they want to or not.
Compare this to other big selloffs.
German government last year: 50k BTC sold, market crashed 16%.
Luna Foundation Guard in 2022: 80k BTC sold, market crashed 27%.
Compare these to MSTR's stack which is 580k (!!). It absolutely dwarfs them. Both in sheer size and on the effect on market psychology. And you think the market won't even crash as much as those prior examples? Insane cope.
why are people investing into it?
Because we really like money, and acquiring money is the point of investing
Good observation but wrong sentiment. It makes one wonder what this fag really knows. BTC is very likely to explode to $250k+ before the end of this year.
BTC is very likely to explode to $250k+ before the end of this year.
lol sure
I give literally zero fucks if saylor gets liquidated .Thats the power of NOT being leveraged. Indeed, I welcome it because he's just a financial engineer repeating what he did during the dotcom bubble.
You both are vastly overrating the impact some market participant losing their stack will have on bitcoin. Interest rates going up means everyone has less money to spend, that makes a big difference on the price of bitcoin. When china kept "banning" bitcoin that had an effect on miners and on buyers too. But some retards ponzi blowing up? What exactly does that change about bitcoin? Nothing.
I give literally zero fucks if saylor gets liquidated
thank you for your sacrifice mr liquidity
has michael saylor been involved in other companies that have failed spectacularly harming investors and shareholders?
I have my doubts if the german sell had anything todo with the dump, they obviously sold to institutions and not market dumped them
Wonder how low it will go during the next bear cycle. Will it go below his $70k average? At any rate he looks like he's going to end up with more than the fabled Satoshi wallets with 1 million btc.
All sales matter. If those supposed institutions were interested in buying BTC, they would have done so regardless of whether the German government suddenly popped up as a seller. Thus the supply/demand calculation remains constant whether or not the sale happened through public or private channels. The whole "OTC trades don't affect the price" notion is one of the most clueless meme in the entire crypto community.