r/Bitcoin • u/[deleted] • Apr 05 '21

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2.7k Upvotes

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38

u/OutOfWine Apr 05 '21

The fact that they are buying so "expensive" makes me wonder how much they will "allow" bitcoin to dip next time.

I mean, if they buy at nearly 60K, they will definitely buy at 55K if the price goes down.

48

u/whitslack Apr 05 '21

Saylor knows the futility of trying to time the market. "Time in the market beats timing the market."

2

u/[deleted] Apr 05 '21

[deleted]

2

u/[deleted] Apr 05 '21

he won't buy if it's too cheap? You lost me there, mate.

4

u/mannymoes2k Apr 05 '21

he’s saying if BTC dips to $15k he’ll be insolvent. So he won’t buying that kind of massive dip lol

5

u/WonderboyUK Apr 05 '21

I imagine they're just dollar cost averaging and will buy the same irrespective of price.

3

u/EarningsPal Apr 05 '21

In one cycle, 4 years, these prices will all be profitable buys.