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MicroStrategy Acquires Additional 19,452 BTC

I'm a little bit confused about this I mean why would they buy at the market price of $52,765 when they could of bought lower?
why did they lump sum invest instead of DCA
did they fall for FOMO?

also why would BTC be in a small correction at that time if that's the case?
they bought at February 24 2021

https://www.microstrategy.com/en/investo...02-24-2021
Who is talking about a bear market? Anyone who said we are in a bear market needs to zoom out his charts.
(Feb 27, 2021 01:18 AM)๖ۣۜÑåzgйŀ Wrote:  I'm a little bit confused about this I mean why would they buy at the market price of $52,765 when they could of bought lower?
why did they lump sum invest instead of DCA
did they fall for FOMO?

also why would BTC be in a bear market at that time if that's the case?
they bought at February  24 2021

https://www.microstrategy.com/en/investo...02-24-2021

also I don't understand why they advertise that they bought those coins unless they want retail investors to follow them and pump the price more

There was a video in YT showing that f2pool miners sold "some" of their BTC causing panic, hence the dip.

[Image: a.png]
Never hesitate. You'll always regret not going for it.
(Feb 27, 2021 01:49 AM)Legacy © Wrote:  Who is talking about a bear market? Anyone who said we are in a bear market needs to zoom out his charts.

yeah I dunno why I said that
I guess I'm just hoping for one soon based on historical data to acquire more coins
I'm using DCA to buy right now and my fingers are crossed for a bear market
They are lying they bought it for cheaper.

Or they simply dont care cuz it will increase in the long term anyway....
Cyber Hustlin'
(Feb 28, 2021 01:50 PM)Silence Wrote:  They are lying they bought it for cheaper.

Or they simply dont care cuz it will increase in the long term anyway....

lmao they cannot lie they need to report it XD
I really like how institutions are buying millions and some times even billions, the only thing that worries me is that its only 10%-15% of their portfolio, if they lose it I don't think they would care too much, but yeah anyway even if we get into a bear market they can just easily hold it for 2-4 years and they will recover the investment
(Feb 28, 2021 02:15 PM)SA777OSHI Wrote:  I really like how institutions are buying millions and some times even billions, the only thing that worries me is that its only 10%-15% of their portfolio, if they lose it I don't think they would care too much, but yeah anyway even if we get into a bear market they can just easily hold it for 2-4 years and they will recover the investment

Never trust a guy who has said this.

[Image: 1*ahr1RDyMe97EcokQvdTuFQ.png]

Obviously, he has had a change of heart, but you never know on a flip of a switch he can do the opposite.
(Feb 28, 2021 02:30 PM)shreder Wrote:  Never trust a guy who has said this.

[Image: 1*ahr1RDyMe97EcokQvdTuFQ.png]

Obviously, he has had a change of heart, but you never know on a flip of a switch he can do the opposite.

Online gambling? Like the industry that has exploded in the last decade to become hundreds of billions of dollars? With multiple billionar dollar companies like Draft Kings IPO'ing on the NYSE?

Hehe ok, hopefully it does go the same route as online gambling ✌
(Feb 28, 2021 02:36 PM).Infinity. Wrote:  Online gambling? Like the industry that has exploded in the last decade to become hundreds of billions of dollars? With multiple billionar dollar companies like Draft Kings IPO'ing on the NYSE?

Hehe ok, hopefully it does go the same route as online gambling ✌

It's an 8 year old tweet. Online gambling was in a much different place than it is now.


(Feb 28, 2021 01:50 PM)Silence Wrote:  They are lying they bought it for cheaper.

Or they simply dont care cuz it will increase in the long term anyway....

Yeah, a publicly traded company is 'lying' in their reports.

Absolutely clueless.
(Feb 28, 2021 02:30 PM)shreder Wrote:  Never trust a guy who has said this.

[Image: 1*ahr1RDyMe97EcokQvdTuFQ.png]

Obviously, he has had a change of heart, but you never know on a flip of a switch he can do the opposite.

Sounds like an idiot to me.
Bitcoin ain't gambling. Simply a long-term investment just like gold.
(Feb 28, 2021 02:39 PM)✔ Soufian ✔ Wrote:  Sounds like an idiot to me.
Bitcoin ain't gambling. Simply a long-term investment just like gold.

Well, considering you completely misinterpreted what he said, your post is ironic.. he didn't compare bitcoin to gambling.
All I'm saying is don't trust a lick of words from these people. Buy Bitcoin because you want to have a successful decentralized e-currency that gives centralized trusted third-parties cold feet as Satoshi would say. Not because some MicroStrategy guy is buying it.
(Feb 28, 2021 02:40 PM)THE RULER Wrote:  Well, considering you completely misinterpreted what he said, your post is ironic.. he didn't compare bitcoin to gambling.

I might have misinterpreted it yeah
He's probably talking about others who could be seeing it as a negative thing I assume
(Feb 28, 2021 02:41 PM)shreder Wrote:  All I'm saying is don't trust a lick of words from these people. Buy Bitcoin because you want to have a successful decentralized e-currency that gives centralized trusted third-parties cold feet as Satoshi would say. Not because some MicroStrategy guy is buying it.

This is why I love Shredder.
#facts

[Image: a.png]
Never hesitate. You'll always regret not going for it.


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