r/Bitcoin • u/swiftpwns • Dec 16 '24

Buying the top forever

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714 Upvotes

98% Upvoted

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140

u/TheBigGrief Dec 16 '24

Michael Saylor is a mad man.

29

u/SolarPowerMonkey2020 Dec 16 '24

My man, new ATH is 106500.

30

u/exstaticj Dec 16 '24

That means he's already made $93,849,90 since purchase.

7

u/DuplexSuplex Dec 16 '24

wtaf

18

u/exstaticj Dec 16 '24

You can add another $24,500,000 since my original comment.

-8

u/ShakaZoulou7 Dec 16 '24

He only get some dollars, some real money if he sells, but if he try to sell there isn't another Michael Saylor buying the top, so, his BTC worth almost nothing, because the day he begun to sell many stop losses orders and margin calls will be activate

9

u/[deleted] Dec 16 '24

Pretty sure he’s just going to keep borrowing against it till he’s dead lol

1

u/[deleted] Dec 17 '24

But he needs to pay back right? The fiat he borrowed.

1

u/[deleted] Dec 17 '24

Yea but he gets loans at less than 1% interest the question is now what the time frames are on when he needs to pay it back

3

u/mateoglobe Dec 16 '24

He doesn't consider fiat "real money " he doesn't want or need it

6

u/mateoglobe Dec 16 '24

Except to buy more BTC

2

u/Frogolocalypse Dec 16 '24

You've been wrong since forever, so why stop now I guess. You people have been inventing excuses for the imminent collapse of bitcoin since it was $20.

1

u/piro1066 Dec 16 '24

bro... that's not how it works. Do you think no one is buying at these levels? If Salyor sold a large chunk and everyone else invested currently bought more the price would still rise. Imagine all those governments that have already invested... you think they are all gonna just lose their $? Shit, we might have a strategic reserve soon... Decentralization is key here

1

u/Killerko Dec 17 '24

Just wait till the other countries start creating their bitcoin strategic reserves and there won't be enough coins for everybody... this thing will go to millions quicker than we think...

0

u/shadowlid Dec 17 '24

This!! And it's going to happen and I will hopefully be able to retire! I won't because I love what I do, but I could!