Community Trust ScoreVerified
Michael Saylor expressed: MicroStrategy has purchased an additional 3,907 Bitcoins for ~$177 million in cash at an average price of ~$45,294 per Bitcoin. As of 8/23/21, we HODL ~108,992 Bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per Bitcoin.
Community response: Someone tried to advice Michael by stating a very high price wait for the dip. At least you did not buy the top now. It’s an obsession at this point. He’s made $2 billion so far. Of course, he’s got a conviction.
Others were like, Wow, Relentless optimism by the great Michael Saylor. It just looks like he can’t stop, and won’t stop. Real conviction. Eventually, it will be like MSTR will be a big BTC whale in the cryptocurrency space. If this isn’t bullish, I don’t know what is. Stacking Sats is encouraging.
Some prospects who were worried stated, will you leave some for us to buy. It just looks like MSTR is heading towards a monopoly. This guy just doesn’t quit. We’d like the supply to remain better distributed.
Prospective buyers were like: So, it means their average price is 26000$. So, they can dump right now. And, take out the profit. And, buy back again. What will happen if they decide to dump? It can be scary when MSTR decides to take profit.
Someone who has been watching the market closely was like: Last time Microstrategy bought at 37 or 35, then we witnessed a straight dump to 30, let’s see this time.
APompliano felt like Michael’s conviction is fun to watch.
Someone asked: Honest question. What is the impact of one company holding so much of the 21 million BTC? They own less than 0.5% of the total supply.
I can’t wait to see that Michael Saylor is passing JeffBezos on Forbes list. For clarity, Jeffrey Preston Bezos is an American entrepreneur, media proprietor, investor, and computer engineer. He is the founder and executive chairman of Amazon, where he previously served as the chairman, president, and CEO.
Pessimists were like: When BTC goes to $300K, he will have the last laugh.
BTC investors are well aware that there is nothing called free lunch. That costs are your time and effort, the most priceless of assets. Investing and holding BTC for a long time, it is almost like a free lunch. It is once a lifetime free-lunch opportunity provided to humankind. HODLing is not always easy, but it sure has its perks.
