So, I just saw that Saylor sold 32 BTC. I mean, it’s a small amount, but Bitcoin dropped 10% right after. Coincidence? I don’t think so.
Saylor's BTC Sale: Market Impact or Just Noise?
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calmoracleNewbie
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#2Nov 2, 2018, 08:34 AM
It’s not a ponzi scheme, but yeah, Saylor’s got a plan. If Bitcoin doesn't crash to $8k, Strategy’s fine.
coldstorageNewbie
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#3Nov 4, 2018, 03:32 PM
32 BTC is nothing compared to their total. The market’s still bullish at $60K, so I doubt this sale caused the dip.
shard_2013Full Member
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#4Nov 4, 2018, 08:55 PM
First sale by such a big holder? That’s huge! Of course, it’ll shake the market. We’re definitely in a bearish phase.
coldstorageNewbie
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#5Nov 5, 2018, 01:18 AM
Analysts can be off the mark. No one knows when this bear market ends. But if it does, I’ll happily share my thoughts here.
Seriously, 32 BTC isn’t gonna change anything. Bitcoin was at $73K before this. Can’t blame Saylor for the drop.
True, but it breaks Saylor's ‘never sell’ stance. If he needed cash for dividends, that’s not a good sign.
+1, selling just 32 BTC isn’t a liquidation. When Saylor sells 100k, then we can talk.
I wish holders would chill. Yes, 32 BTC is tiny. But it’s more about the message from the biggest holder.
kevin_atlasFull Member
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#10Nov 8, 2018, 09:54 AM
At this point, it’s hard to track what actually affects Bitcoin’s price. Just more speculation.
If just one dude’s sale can cause this, that’s wild. But yeah, the market’s weak overall.
mike.degenMember
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#12Nov 10, 2018, 04:10 PM
Saylor selling 32 BTC is not the real issue. Bitcoin's been struggling to break resistance anyway.
coldstorageNewbie
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#13Nov 10, 2018, 05:13 PM
Even a tiny sale can ripple through the market. Timing matters, especially in this bear phase.
Breaking commitments can have consequences. If we were in Saylor's shoes, would we be any different?
I think it was a test. He wanted to see the market reaction, and it showed he can’t sell publicly without panic.
john.cipherHero Member
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#16Nov 12, 2018, 12:10 PM
Not just Strategy’s move. Didn’t Mt. Gox shift a ton of BTC too? That could've contributed to the dip.
If Bitcoin doesn’t bounce back soon, Saylor’s in trouble. He needs that steady price rise to stay afloat.
It looks like a ponzi to some, but early investors are getting paid. That’s the deal.
kevin_nodeFull Member
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#19Nov 14, 2018, 11:15 AM
I dislike Saylor too, but selling 32 BTC after buying billions doesn’t scream panic. What if he sells a massive chunk next?
32 BTC didn’t create this drop. It’s small compared to the weekly trading volume. Real issue is the outflows from ETFs.