Bitcoin Is Falling — But Michael Saylor’s Strategy Just Dropped Another $264 Million On BTC

tradingview ^ | Jan 28 | tradingview

[RandFan]

Strategy, the company that invented the digital asset treasury playbook, disclosed a fresh Bitcoin buy even as crypto prices slumped amid a broader market drawdown.

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TOPICS: Business/Economy; Chit/Chat
KEYWORDS: bitcoin; currency

[RandFan]

Is Saylor going to get liquidated? His Average price on all that Bitcoin is like $76,000 (billions now) . Bitcoin is down 6% today at around 83k.

Seems a poor investment.

[Mariner]

You can mine a boatload of Bitcoin with AI lol

[ckilmer]

The smart strategy is to look for a bottom in bitcoin. This looks like tradable double bottom for bitcoin. Gold has doubled in the last two years. Bitcoin will follow.

[vikingd00d]

>>Seems a poor investment.

Bitcoin has always been volatile. If you can afford to buy the drops, and hold until it bounces back, it’s not a bad investment. It’s just not for the risk-averse.

[TexasGator]

“You can mine a boatload of Bitcoin with AI lol”

Please explain how that is done.

[C210N]

The smart strategy is to look for a bottom in bitcoin.

That's exactly what I'm doing.

When it gets back down to $0, I'm gonna LOAD UP!!!!

[9YearLurker]

And it was just this morning, I think, that I noted here how often Bitcoin had fallen to $87K of late, but never below that. Today, for the 3rd time since last April, it has gone below $87k.

[E. Pluribus Unum]

Seems a poor investment.

You seem to one of those buy high, sell low types.

[crusty old prospector]

You guys were only ten seconds apart. Another Festivus miracle.

[E. Pluribus Unum]

You can mine a boatload of Bitcoin with AI lol

It says, without evidence.

[RandFan]

Yikes

That sounds like what delta7 would call a key support level (a technical trader )

[butlerweave]

but the mining costs more in electricity than it’s worth ,LOL

[E. Pluribus Unum]

Timing any market is a fool's errand without inside information. Buy and hold through the ups and downs was Warren Buffett's strategy.

[E. Pluribus Unum]

but the mining costs more in electricity than it’s worth ,LOL

It says, without evidence.

[9YearLurker]

Coincidentally, Microsoft fell to its lowest level today since last April.

[sheana]

When you buy bitcoin you put it in a wallet and own it. Up or down doesn’t matter. No liquidation.

[SaxxonWoods]

“The smart strategy is to look for a bottom in bitcoin.”

How?

[bankwalker]

look for areas on the price chart where buyers previously stepped in and bought ...

[shaggy eel]

When it gets back down to $0, I'm gonna LOAD UP!!!!

,,, half load up and put the other half into lunar real estate.

[Mariner]

with AIinfrastructure lol