Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[onlyprofits]

The largest business intelligence company jumped into the public arena of the cryptocurrency ecosystem by investing 250 million dollars in the purchase of 21,000 BTC, shortly after it fulfilled its promise and bought 17,000 BTC.
MicroStrategy CEO Michael Saylor published his strategy to acquire the 17,000 Bitcoin.
He wrote that they had 74 hours of hard work to acquire 16,796 BTC, in 88,617 operations, in short they bought 0.19 BTC every 3 seconds, investing $ 39,414 every minute.
They had previously acquired 21,454 BTC for a value of $ 250 million.
What do you think of the work invested to buy that last amount of BTC?

 

[Niftyicon]

If I may ask, why was the intelligence company stocking up bitcoin? And with so much work at that? Also what impact can this have on the market?

 

[SCAMEXPOSER]

It is a very good move by the company, they are seeing big potentials in bitcoin and the ease in it for online transactions as fast as possible. I feel comfortable more about bitcoin getting updates like this.

 

[onlyprofits]

If I may ask, why was the intelligence company stocking up bitcoin? And with so much work at that? Also what impact can this have on the market?

They think that BTC is an excellent store of value. They took so long to buy that amount of BTC because they can't do it in a single purchase. They would move the market and cause the BTC to rise, they have to buy slowly.

It is a very good move by the company, they are seeing big potentials in bitcoin and the ease in it for online transactions as fast as possible. I feel comfortable more about bitcoin getting updates like this.

If a company of that level believes in BTC, why do we, who do not even reach sardines, hahaha, we would not believe.
Investing that amount of money and going public has several intentions.

 

[SCAMEXPOSER]

They think that BTC is an excellent store of value. They took so long to buy that amount of BTC because they can't do it in a single purchase. They would move the market and cause the BTC to rise, they have to buy slowly.


If a company of that level believes in BTC, why do we, who do not even reach sardines, hahaha, we would not believe.
Investing that amount of money and going public has several intentions.

They are classified as whales already, just like you said if they had invested onces there is no how the price won't hike up to 5% for that moment.

 

[onlyprofits]

They are classified as whales already, just like you said if they had invested onces there is no how the price won't hike up to 5% for that moment.

I read that they expected to buy when the price dropped between 1 and 2% and they were ready to invest up to 50 million, imagine the logistics required to buy that amount of BTC. How many traders would they have making that purchase?

 

[Josemendez]

The largest business intelligence company jumped into the public arena of the cryptocurrency ecosystem by investing 250 million dollars in the purchase of 21,000 BTC, shortly after it fulfilled its promise and bought 17,000 BTC.
MicroStrategy CEO Michael Saylor published his strategy to acquire the 17,000 Bitcoin.
He wrote that they had 74 hours of hard work to acquire 16,796 BTC, in 88,617 operations, in short they bought 0.19 BTC every 3 seconds, investing $ 39,414 every minute.
They had previously acquired 21,454 BTC for a value of $ 250 million.
What do you think of the work invested to buy that last amount of BTC?

I think this strategy worked well for them because they had the money . Buying 0.19 Bitcoin every second with the high transaction fee associated is not an easy height.

 

[onlyprofits]

I think this strategy worked well for them because they had the money . Buying 0.19 Bitcoin every second with the high transaction fee associated is not an easy height.

I think one of the ways they used was through various exchangers, first they bought USDT or another stablecoin. Remember that there are several wallets where you can buy with bank transfers, that could have been another of the ways used.

 

[Brain]

I think this strategy worked well for them because they had the money . Buying 0.19 Bitcoin every second with the high transaction fee associated is not an easy height.

That's it, a lot of business or financial investment works better when one has the financial muscle. So they pull this through because they had the money to do same.

 

[BullyMaguire]

And they made a good move, if they sell it now they would have a huge profits or just wait to 20k they will always get a profit no matter what happens.

 

[Wisdom01]

I think they are investing now for long term profit because if they invest now any gains made will be in their favor thats what i notice in it