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/biz/ - Business & Finance

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52521426 No.52521426 [Reply] [Original]

Michael Saylor is selling. He is getting nervous.

Sold 3000 BTC in the last 3 days.

>> No.52521446

>>52521426
bottom is in

>> No.52521460

>negative 862 million
There is no second best

>> No.52521470

>>52521426
He just old his most recent purchases at a loss or breakeven. What a degen.

>> No.52521503

>>52521470
*sold

>> No.52521513

he is literally ALL IN in BTC

his whole life is in BTC. either he will make it big big time or get totally fucked

>> No.52521559

>>52521513
How would he make it?
The days of exponential gains are gone.
It couldn't even break 100k, it certainly won't go to 1 million right away.

>> No.52521563

He's sold a bunch previously not his first time.
He sold 3000 BTC recently without moving the market. So now he is in better position to buy if Bitcoin dumps. Pretty savvy

>> No.52521575

>>52521513
the thing is, everybody knows that bitcoin will succeed but how much pain can you stomach? your wife? kids? friends?

>> No.52521585

>>52521559
Cope

>> No.52521587

>>52521426
Literally who?

>> No.52521588

>>52521559
MF people said it would break 10k, they would laugh in your face if you even hinted at 10k bitcoin. but here we are

>> No.52521594

>>52521513
>either he will make it big big time or get totally fucked
He's the epitome of a fomo retard
The market will not recover until this man is completely blown the fuck out

>> No.52521596

>>52521426
so he bought 1700 BTC just to sell it a week later?

>> No.52521598

>>52521446
This.
His sell might have straddled both sides of the bottom. Literally creating the exact bottom.

>> No.52521602

>>52521575
>Will succeed
Literally made up internet currency, and the bad times are not even here yet. It will go to 0.

>> No.52521605

>>52521559
priced in

>> No.52521610

>>52521588
Yes here we are at $16k,not $10k

>> No.52521615

>>52521426
why didn‘t he wait until normies find out about criptoo??

>> No.52521622

>>52521588
Still waiting for evidence that we'll get 200k next cycle.
I think it'll barely break 100k

>> No.52521639

>>52521426
how do we know it's actually him???? besides microstrategy claims to have 130.000 btc,.not 145.000

>> No.52521641

>>52521426
But he said if you owned real estate in Manhattan, you would never sell it, like bitcoin

>> No.52521642

>>52521622
>I think it'll barely break 100k
Who is going to invest in the next cycle, that it will take bitcoin to 100k?

>> No.52521643

>>52521426
>Michael Saylor is selling. He is getting nervous.

motherfucker is part of why it's all coming down

>> No.52521647

>>52521426
It's always key to see where these coins are going. The last time his wallet was moving, it was just moving to another wallet.

Now it's moving to Coinbase.

The only thing holding Bitcoin up right now is the recent stock rally. The moment that falls Bitcoin is kaput, over, down. ZERO.

>> No.52521652

>>52521622
What "evidence" would suffice other than the thing itself happening?

>> No.52521653

>>52521513
Even worse, he's in grayscale BTC (GBTC). It normally trades at a premium as institutions can buy it. As of now its trading below spot.

GBTC today = 12,163.779

>> No.52521654

>>52521426
everyone can lose a billion dollar, why is he considered such a good investor/trader?
Honestly it looks like dont know what he is doing

>> No.52521661
File: 23 KB, 480x360, hqdefault.jpg [View same] [iqdb] [saucenao] [google]
52521661

>>52521647
>Now it's moving to Coinbase.

>> No.52521676

>>52521602
every currency is made up, but bitcoin is the first well designed one

>> No.52521677

>>52521602
any day now, just have to keep waiting, keep checking reddit, only 14 years, more than half your lifetime, soon it will disappear, yes, then you know you didn't miss out on anything, nothing lost, you were smarter, forget about the missed opportunities, because you'll be right, any day now.

>> No.52521679

>>52521426
Do you see the blue line, OP? It goes up

>> No.52521695
File: 2.23 MB, 1284x1603, 1606188354731.jpg [View same] [iqdb] [saucenao] [google]
52521695

>>52521642
DCA $400 / month on the 4 year bitcoin cycle theory. Gonna be rich spring of 2024.

>> No.52521708

>>52521695
Should have said 2025

>> No.52521710

>>52521695
> doesn't answer the question

>> No.52521716
File: 129 KB, 621x411, 1649166630241.jpg [View same] [iqdb] [saucenao] [google]
52521716

>Saylor's BTC address is out in the open
I wish someone just sent a 5 bucks' worth of btc into that. Or send a bit from a sanctioned pedo address or something. Just to taint his 140k+ BTC stash lmao

>> No.52521719
File: 26 KB, 865x210, Capture.png [View same] [iqdb] [saucenao] [google]
52521719

>>52521661
>Do you have a single fact to back that up?
https://bitinfocharts.com/bitcoin/block/763757/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

>> No.52521732
File: 50 KB, 871x444, Capture.png [View same] [iqdb] [saucenao] [google]
52521732

https://bitinfocharts.com/bitcoin/block/763345/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

>> No.52521807

>>52521653
>Usually trades at a premium
It hasn't been at premium for over a year

Also he's not in gbtc.

>> No.52521840

>>52521676
>well designed
I experimentally moved BTC from Coinbase, A CENTRALIZED EXCHANGE, and it took 43 minutes the other day.

>> No.52521879

>>52521732
how do we know this address belongs to michael saylor/microstrategy?

>> No.52521921

>>52521588
There is a reason everyone has been doing these declining growth phases, first phase x100, second x10, third x3 (from ATH); and the lows are also getting lower relative to last cycle.
It does kind of make sense as the amount of money it would take to move the price % increase the higher the price goes (under reasonable liquidity and not totally distorted ratio of buyers/sellers). It took roughly x10 the amount of money to move Bitcoin from $1K to $10K as it did to move it from $1 to $1K.
These +$100K predictions seems outrages if you consider the amount of new money it would require to make it happen.

>> No.52521927

>>52521840
Now send 500 KG of gold to a bank in a country on the other side of the planet.

>> No.52521950

>>52521588
I've been calling 10K since 2 weeks before the May 2021 crash. I'm buying now because we're going to have a bull trap to 25k-30k before we reach 4 figures.

>> No.52521961

>>52521950
How'd you come up with this

>> No.52521990

>>52521840
Now try wiring that same money.

>> No.52522023

>>52521961
>ftx cascade has finished playing out if you disregard schizo theories
>capitulation sentiment
>bullish divergence on weekly
>monthly rsi at atl
>miner capitulation in june
>kramer, the economist, bloomberg, jp morgan and linkedin normies are saying its over and calling for 10k
>permabulls like saylor are panic selling
>stocks rallying and dxy crashing this month, btc always follows their movements and will catch up soon

but most important of all:
>my gut instinct tells me its going to rally

For reference I sold like a week before Musk shilled doge on snl. I got burned hard in 2017-2018 and learned.

>> No.52522036

>>52521719
>>52521732
>>52521879
>how do we know this address belongs to michael saylor/microstrategy?
we don't.

>> No.52522062

>>52522023
Did you put a lot of money back in after 2018?

I don't think saylor sold anything

>> No.52522065

>>52521622
for a multi millionaire that would still make a awesome LEGAL profit. they won't have to do shady stuff like cumex anymore.

>> No.52522093

>>52522062
No I lost 6 figures in 2018 and lost my job during lockdown so when I bought back in early 2021 it was with what little scraps I had.

>I don't think saylor sold anything
see >>52521719

>> No.52522095

>>52521716
kek you degenerated shill

>> No.52522117

>>52522093
check the wallet. what does say its saylors wallet?

>> No.52522136

>>52522093
How much did you make this time? I left 300k on the table. So I'm hoping my gut will help me next round

>> No.52522154
File: 237 KB, 1150x594, bitcoin DD.png [View same] [iqdb] [saucenao] [google]
52522154

I did my DD and analysis on bitcoin. What do you think?

>> No.52522156

>>52521676
imagine still being a bitcoin maxi

>> No.52522168

>>52522093
>screenshot of random high-value tx's and blocks
oh man, the pope is selling too!
seriously, tie the wallet to saylor or shut the fuck up

>> No.52522172

>>52521598
Is that how it works? Was this my daily nugget of useful info from /biz/?

>> No.52522188

>>52521641
He’s not selling, he’s competently risk managing. He’ll end up with more btc at a better cost basis.

>> No.52522202

>>52521426
retard here, how solid is this information? I get they have known wallet addresses, but don't these guys sell OTC and how do you know the other wallet doesn't also belong to them? And how do you know when they market sell, it goes to a public wallet address of the exchange, and then it's guess work? Honestly I can't figure out the transparency of this.

>> No.52522211

>>52522202
You're not retarded. This isn't saylor. OP is the retard

>> No.52522212

>>52522154
I like it kek

>> No.52522228

>>52522211
so the only way to know is to confront the owner of the wallet (if known) and pressure (public traded company etc) to come clean? Otherwise, everyone is in the dark and assume out of their ass?

>> No.52522237

this is an exchange wallet you fucking faggot

>> No.52522256

reminder that Bitcoin only ever had a chance in low interest rate environments.

Getting to $100k would be a 6.25x of its current market cap of $320 billion. Where is the $1.7 trillion going to come from? Institutional investors? They've had enough. Retail? That ship has sailed.

It's over.

>> No.52522265

>>52521426
>takes out loan to buy at $30k
>sells at $16k to pay back loan

wall st people are funny

>> No.52522276

>>52521921
If everyone got into their head that btc is definitely worth at least $100k, such that no holder wanted to sell below that price, the chart could jump from $10k to $100k without more than $1 of new money entering. This is unrealistic, of course, but it’s the other extreme of your thought experiment. The truth is somewhere in between, but the point is that we shouldn’t assume the only way to increase price is to overcome a constant sell pressure with an overwhelming buy pressure (aka a lot of new money entering), it can also increase due to decreased sell pressure, and usually it’s a combination (some positive event makes people more inclined to buy and less inclined to sell at the same time - the opposite is also true, bad news increase sell pressure and decrease buy pressure).

>> No.52522293

>>52521426
>buying high and selling low
Is he one of us?

>> No.52522298

>>52522023
>ftx cascade has finished playing out if you disregard schizo theories
Thanks Anon, appreciate the logic. One question: DCG doesn't enter into the equation for you? Do you think they'll get the emergency financing they're seeking due to sheer size?

>> No.52522316

>>52521695
>DCA $400/mo will make market cap 100x

>> No.52522321

can any /biz/tards explain how tax loss selling works?

>> No.52522353

>>52521927
Gold is physical with properties that we can harness in our daily lives. Bitcoin is a number on the internet. You are literally retarded for thinking that they are comparable. Bitcoin is a shitty way to transfer money. Only a fucking j*w would try to convince someone that you use it to store wealth.

>> No.52522368

>>52522156
after everything that just happened... not hard to imagine my retarded friend

>> No.52522381

>>52522276
>If everyone got into their head that btc is definitely worth at least $100k, such that no holder wanted to sell below that price, the chart could jump from $10k to $100k without more than $1 of new money entering.
Words from the bottom of the pyramid lmao

>> No.52522388

>>52522256
You don't need 1.7 trill to get to that market cap dumbfuck learn how markets work

>> No.52522397

just for the record, the last bitcoin will need 40 years of mining to complete, and hashrate is all time high despite the fact that mining is unprofitable since a year ago with more miners joining. Betting agaisnt bitcoin is betting agaisnt human greed, many people will get washed out, but thats a sacrifice im willing to make.

>> No.52522398

>>52522321
you make gain then you make loss and add it to your gain. you pay taxes on the result, the amount you can deduct differs from jurisdiction to jurisdiction

>> No.52522414

>>52522397
> Betting agaisnt bitcoin is betting agaisnt human greed

I like this. Legit. I'm gonna remember this in the shitty days

>> No.52522441

>>52522398
which is why someone might sell some of an asset at a loss even as they continue to accumulate. quite common this time of year.

>> No.52522476 [DELETED] 

Play in only the trusted casinos! Like Bspin.

>Casino with BTC main currency
>Coming giveaway with $15K Prize Pool.
>Up to 20% CashBack bonus and the coolest benefits

>> No.52522487

>>52522154
What is PPP?

>> No.52522497

>>52522487
“Powell Printing Paper”?

>> No.52522516

>>52522036
>reeeeee we don't know!!!
>2021
>oh yeah no totally we can track michael saylors bitcoin buys here's the chart see he's getting hundreds of thousands of coins at these addresses that's how we know bitcoin is gonna take off to $100k buy now!!!!!
lmao

>> No.52522522

>>52521596
It's called loss harvesting for tax purposes. OP wouldn't understand.

>> No.52522523

>>52522276
I specifically mentioned "under reasonable liquidity and not totally distorted ratio of buyers/sellers".
The example you mention is a no liquidity scenario, where the first sell order is at $100K.
The "distorted buyers/sellers" is another way of saying that the price has to move with some support and a certain turnover rate.

And no "my thought experiment" is not a thought experiment, it's a statement of fact. There is no "truth in between" your no liquidity scenario and my factual statement; my statement about the required capital it would take to move Bitcoin X10 is X10 as much capital as it required to move it to the current price level - this is fact.

>> No.52522532

>>52522487
this massive fraud-riddled money-printing experiment https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
>>52522497
basically yeah

>> No.52522543

>>52522154
Are you the old bitfuck guy who's on cocaine all day?

>>52522487
COVID stimulus to businesses in the USA. Massive fraud. And nobody seems to care

>> No.52522597

>>52522487
paypal

>> No.52522663

>>52522298
Like I said I don't give a shit about schizo lore. If they had any real problems you wouldn't hear about it from the media and it would get resolved by their fellow tribesmen before it ever leaked.

>> No.52522694

>>52522397
Temporarily betting against overbought Bitcoin is betting against greed, agreed. But generally, buying Bitcoin is betting on humanity.
It’s easy to think that something often associated with surviving financial disaster, i.e. gold and if Bitcoin is “digital gold” then also Bitcoin, should have its moment to shine during financial disasters, but that’s not the whole picture. The idea behind a store of value is that it keeps pace with other investments over long enough time, kind of like a world index fund. The reason it does so despite not bearing yield is because enough people have decided to keep a fixed percentage of their portfolios in stores of value like gold or Bitcoin. Markets go up, use some of the profits to buy more gold/btc to keep its % of your portfolio fixed. Markets go down, you sell some gold/btc for the same reason.
This means that parking profits in Bitcoin is a bet on humanity continuing to be productive and making more profits, some of which will keep getting parked in btc. It’s also a bit of a hedge, in that when humanity runs into financial trouble, btc will also go down but it won’t go away, so when markets recover holding will save you since your asset isn’t one of those left on the floor. Somehow this hedge quality gets all the press, for both gold and btc, but at least for me it is the other aspect, of how Bitcoin behaves when humanity is having a good quarter, that is the most important. So I put it to you that betting on Bitcoin is betting on humanity.

>> No.52522761

>>52521575
Kek, my life my wife, they can stand a bit of having to live normally…n no one should live beyond their means anyway. Stack a bit now, n if there’s a drop stack a bit then as well. When u stop stacking out of fear, they’ve already beat u. Live your life first, and stay safe as well.

>> No.52522766

>>52522523
> I specifically mentioned "under reasonable liquidity and not totally distorted ratio of buyers/sellers”
You did, agreed, but then you proceeded to pretend that the market doesn’t have elements of insufficient liquidity and distorted buyer/seller ratios that impact the price in an important way.
> my statement about the required capital it would take to move Bitcoin X10 is X10 as much capital as it required to move it to the current price level - this is fact.
It is not a fact, it’s what you’d end up thinking if you didn’t understand that the objection I made applies to some extent greater than zero.

>> No.52522854

>>52522766
>applies to some extent greater than zero.
It applies to illiquid markets and blow off tops. If the turnover rate of bitcoin remains the same, as it is now, then it would mean "x10 is x10".

>> No.52522860
File: 195 KB, 946x564, chainlink21.png [View same] [iqdb] [saucenao] [google]
52522860

Heres another OC I made that wraps up what I remember on biz of this last crypto pump regarding chainlink. Feel free to use as inspiration to make your own OC to troll biz link threads with while everything crabs and dumps.

>> No.52522974

>>52522353
I’ve bought n sold gold/silver. I do like actually wiring Btc or sending Btc rather as payment instead of wiring $ thru banks. Most of buyers/sellers are same as well.

>> No.52522975

>>52521927
I almost answered, then I saw this >>52522353

>>52521990
I actually wire money overseas every week or two about $20k or so. The most beneficial operation for that would be XRP and I am just waiting for that to become the case.

>> No.52522997

>>52522172
Well I was not being quite serious, but yes.
A large order near the bottom would eat up buy orders all the way to the bottom and then hit buy orders on the other side.

>> No.52523021

Bought the top and now sells the absolute bottom. What a chad

>> No.52523044

>>52522974
Let me ask you though.
If it is for transferring money, what are you not using XRP?
Its cheaper and faster and basically pegged to btc anyway.
And in fact, it's so fast you can buy and send and sell again within like 15 seconds, so price movement is almost entirely negated.

I spent 43 minutes on a btc transaction the other day and it cost me money.
How is that sound for business.
In the time you send btc (pretending they don't intend to sell immediately double the time), the price could swing 3-4% in that 45 minutes.

What are you even doing?

>> No.52523067

>>52522974
It's actually dumbfounding because you've (if not larping) decided to use blockchain to benefit yourself only 80% of what you could with ease. Just why aren't you?
Make zero sense.
You want to eliminate fees, but still pay gas?
XRP is .0000012 xrp, lol.
You want it to be faster, but not TOO fast?

>> No.52523191

>>52523067
> You want it to be faster, but not TOO fast?
Yes. I want drug dealers to wait an hour on the tarmac for the transfer to go through.

>> No.52523197
File: 137 KB, 962x1053, FIW9XcHWQAE5Aku.jpg [View same] [iqdb] [saucenao] [google]
52523197

>>52521575
Saylor is good. He no longer is running microstrategy. He has no wife, no kids. He can start working at mcdonald's or start an onlyfans account and still buy BTC if that's what he wants to do lmao, he's not responsible for anybody but himself. At his age, that's pretty based

>> No.52523214

>>52522023
When you say you sold, what % of your portfolio did you sell?

>> No.52523249

>>52521426
Alright, now what's left is to FOMO back in and panic sell during a shake off.

>> No.52523340

>>52522156
Imagine buying VC bags

>> No.52523444

>>52523191
This but 100% serious.
Ripple even advertises this non stop and nothing stops you from just doing it without them involved at all.
People are braindead retarded. Can't help them.

>> No.52523476
File: 209 KB, 797x500, F9AA6333-6545-4F05-BB22-6F1F3065BEFC.png [View same] [iqdb] [saucenao] [google]
52523476

>>52521426
That’s not Saylor

>> No.52523492

>>52521642
Financial system collapse and bank runs in some western nations, it's way overdue.
Europe is completely fucked, it's over.

>> No.52523642

>>52521585
Dilate

>> No.52523722

>>52521446
>implying this board can outbuy 3000 bitcoin
shut up

>> No.52524108

>>52521653
Why is GBTC trading below spot? Expenses? Or do people think they're going bust (very well might, I've no idea).

>> No.52524589

>>52521588
It's only a matter of time before we get there judging from al we can see in the space. Those who have stables stacked up somewhere and waiting to buy must be feeling so lucky rn.

>> No.52524627

>>52521426
Saylor is already bankrupt by the numbers
he has to sell to serve debts.

The question is at what speed.

Tether is still the big bomb any scrutiny by anybody and it goes bust, thing got a glass jaw worse than FTX.

>> No.52524658

>>52521588
And it's going to be below 10k in the next few months.

>> No.52524872

>>52524589
>Those who have stables stacked up somewhere
Are you part of them? Stop disguising!!!

>> No.52524907

>>52521563
>Sells when it dumps
>It dumps more
>He buys
>It dumps even more

>> No.52525014
File: 67 KB, 678x960, Reimu_.jpg [View same] [iqdb] [saucenao] [google]
52525014

When the S&P500 dumps on the New Moon of November 23rd, Bitcoin will go to $8k.

>> No.52525327

>>52524108
it had a premium on the first run up to 65k, then ever since it has had a discount. Just like any derivatives, their prices are majorily affected by market sentiment. Grayscale has fees and no direct correlation to the underlying asset, strictly demand and supply. there are far more and better options that just grayscale now, giving investors very little reason to pay for grayscale's upkeep fees and shitty fees. You can not trade your gbtc shares for bitcoin, just sell it to other people wanting to buy your gbtc, resulting in limited liquidity

>> No.52525338

>>52521575
>will succeed
>does nothing
lol btc won't do anything, ever. whats the point of it?

>> No.52525524

>>52522156
Thankfully I don't have to imagine the seething cope from this guy losing everything on shitcoins this cycle!

>> No.52525618

>>52521588
We are at $16k the same price as 5 years ago. The gains are all gone man. You’re late.

>> No.52525626

>>52522854
Yes but it could also be the same turnover as now in dollars but with a higher btc marketcap/price. A change in opinion of what btc is worth can move the price higher and keep it there without shifting the amount of dollars spent on Bitcoin per day.

>> No.52525663

>>52522997
Thanks for explaining. So basically it becomes a quick test of the bottom, where all the bots can see where the true bedrock of buy pressure lies?