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[NoLimits15]

MicroStrategy company has bought around $183 million worth of bitcoins, which is around 16,796 bitcoins. The CEO of MicroStrategy Michael Saylor believes in the power of bitcoin, saying that bitcoin is like digital gold and is slowly becoming mainstream. I really like his positive stance towards bitcoin and I really hope that more CEOs give more attention towards bitcoin just like him. Saylor used to be a bitcoin skeptic back in 2013 and now he has a totally positive attitude towards bitcoin.

 

[SCAMEXPOSER]

This is a big and risky move taking by the CEO, he is already a whale in bitcoin network and he invested the right time when the value of bitcoin had fallen and risen back. He invested huge amount of money so will his profit be if lucky

 

[Josemendez]

This is not just a bold step but a good one . Investing such a huge amount on Bitcoin is something that took away something from him but he will benefit more along the long run .

 

[Brain]

Microstrategy seems not to be relenting with it's action of purchasing btc in large volume. Up till now it is still buying more and in millions too

 

[fastmoney1]

Many companies are investing in this cryptocurrency because they trust bitcoin and predict a new increase in this year 2021 and MicroStrtegy does not escape these investments.

 

[Brain]

Many companies are investing in this cryptocurrency because they trust bitcoin and predict a new increase in this year 2021 and MicroStrtegy does not escape these investments.

Microstrategy has seen the potential already that is why they are going already on a purchasing spree. There have been prediction of high price for bitcoin so every one is trying to cash out

 

[Josemendez]

Microstrategy has seen the potential already that is why they are going already on a purchasing spree. There have been prediction of high price for bitcoin so every one is trying to cash out

Secondly , the more they purchase Bitcoin , the more they create FUD ,THUS people will also rush to buy and holdl Bitcoin , thus making the price to rise .

 

[Brain]

Secondly , the more they purchase Bitcoin , the more they create FUD ,THUS people will also rush to buy and holdl Bitcoin , thus making the price to rise .

Yeah that's the whole idea, make a thing scarce and create artificial scarcity to make people rush to buy and then there will be increase in price. This is just the logic

 

[Josemendez]

Yeah that's the whole idea, make a thing scarce and create artificial scarcity to make people rush to buy and then there will be increase in price. This is just the logic

Sure , but through news of such buys , there is fear created in people and they are thus forced to invest. This is why most cryptocurrency news sites gets a lot of traffic

 

[Niftyicon]

Sure , but through news of such buys , there is fear created in people and they are thus forced to invest. This is why most cryptocurrency news sites gets a lot of traffic

This has become more profound even in altcoin investments. In bitcoin investments, mostly the huge investors create and reap from such strategies.

 

[Josemendez]

This has become more profound even in altcoin investments. In bitcoin investments, mostly the huge investors create and reap from such strategies.

Yeah. They dump their coins when the price is high which forced small investors to dump as well , and they go back to buy the dip .this way they keep making profit

 

[Brain]

Sure , but through news of such buys , there is fear created in people and they are thus forced to invest. This is why most cryptocurrency news sites gets a lot of traffic

Well, everyone online needs to make money so anything they can do to generate that will be employed by them. So it up to us to know this and resist it if need be