wise decision,what can we say more about it
especially seeing ETH grow 100% in just a month's time
from 120$ to 250$ and more,but if Novovitz kept 50% of his funds in bitcoin and ether
he would have ,at least,doubled his assets
Topic: [2017-04-22]Billionaire Investor Has 10% of His Money in Bitcoin & Ether (Read 22463 times)
June 11, 2017, 07:37:20 AM
June 09, 2017, 01:46:35 PM
He is very pessimistic person. He must say "I am holding 90% of my net worth in digital currencies such as Bitcoin and Ether"
If that is true, I think he is very optismistic.
ROFL. Read it again, he said the exact opposite. Holding 90% of your assets in anything is stupid/naive/uneducated. Any investor knows you need to spread out your assets into different markets and different asset mixes. If you go all in you're raising your risk exponentially.
June 09, 2017, 06:28:39 AM
He is very pessimistic person. He must say "I am holding 90% of my net worth in digital currencies such as Bitcoin and Ether"
If that is true, I think he is very optismistic.
May 04, 2017, 08:35:37 AM
He is very pessimistic person. He must say "I am holding 90% of my net worth in digital currencies such as Bitcoin and Ether"
May 03, 2017, 04:50:53 PM
10% of a billionaire's net worth is in crypto.
The scary part is what happens if he tries to exit. Can the markets take such shocks?
The scary part is what happens if he tries to exit. Can the markets take such shocks?
Well anyone who can do some basic math can tell you that yes it would shock the market, but 10% of a billion or 100million won't crash the market (fully lol).
May 02, 2017, 03:14:59 PM
10% of a billionaire's net worth is in crypto.
The scary part is what happens if he tries to exit. Can the markets take such shocks?
The scary part is what happens if he tries to exit. Can the markets take such shocks?
Well anyone who can do some basic math can tell you that yes it would shock the market, but 10% of a billion or 100million won't crash the market (fully lol).
May 02, 2017, 01:36:02 PM
Investment in cryptocurrency? Without any credit rating from a top rating agency?
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Everyone decides what to invest in. I, too, am ready to invest a large amount of money into the cryptocurrency. And not 10%, but more
He took the risk and he made right now a $100 pure profit in one day for every 1 bitcoin he has. Lucky guy... I want a time machine!
May 01, 2017, 02:30:50 PM
Investment in cryptocurrency? Without any credit rating from a top rating agency?
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Everyone decides what to invest in. I, too, am ready to invest a large amount of money into the cryptocurrency. And not 10%, but more
He took the risk and he made right now a $100 pure profit in one day for every 1 bitcoin he has. Lucky guy... I want a time machine!
May 01, 2017, 01:54:17 PM
Investment in cryptocurrency? Without any credit rating from a top rating agency?
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Everyone decides what to invest in. I, too, am ready to invest a large amount of money into the cryptocurrency. And not 10%, but more
April 30, 2017, 05:48:42 AM
Investment in cryptocurrency? Without any credit rating from a top rating agency?
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
Unbelievable!
Oh, sorry, I leave out that he is FORMER hedge fund manager.
April 28, 2017, 01:13:34 PM
Very lucky guy to knows a good investment when he sees one. 
He is a Harvard graduate and was an investment banker on wall street after all!
He is a Harvard graduate and was an investment banker on wall street after all!
So you can trust him and buy bitcoins too? Each has its own investment strategy.
I, too, are ready to invest in bitcoin, because I had a good personal opinion about him based on personal experience
April 27, 2017, 02:19:37 PM
Very lucky guy to knows a good investment when he sees one.
He is a Harvard graduate and was an investment banker on wall street after all!
He is a Harvard graduate and was an investment banker on wall street after all!
April 27, 2017, 01:31:09 PM
10% of a billionaire's net worth is in crypto.
The scary part is what happens if he tries to exit. Can the markets take such shocks?
Don't you have other things to worry about? Do you remember FBI auctions in the recent years? People bought a lot of coins back then and scared sheep were starting threads that these people are buying to dump and we'll have a huge decrease in price. Of course nothing like that happened. We don't know how many of these investors still hold till this day, but if they have at least doubled their investment. If they don't the market swallowed them with ease. The scary part is what happens if he tries to exit. Can the markets take such shocks?
April 27, 2017, 12:33:41 PM
10% of a billionaire's net worth is in crypto.
The scary part is what happens if he tries to exit. Can the markets take such shocks?
The scary part is what happens if he tries to exit. Can the markets take such shocks?
Yes, this is a very large amount. It is not known what will happen if this person decides to sell their assets.
This is the situation when whales manipulate the price of cryptocurrency
April 26, 2017, 08:54:04 PM
10% of a billionaire's net worth is in crypto.
The scary part is what happens if he tries to exit. Can the markets take such shocks?
The scary part is what happens if he tries to exit. Can the markets take such shocks?
April 26, 2017, 09:41:41 AM
Idgaf how much I could make from ether, it's just another shitty centralized currency that I want nothing to do with. It's the opposite of what all cryptocurrencies should stand for. I think he's just a follower and he only invested because they're the biggest. That's pretty dumb and takes almost 0 knowledge. Oh durp these 2 look good since they're the biggest. Great analysis.
As much as we might not like ETH we can't deny that their development process is superior than BTC.Mainly because it is so centralized, it is easier to upgrade this coins. AFAIK Ethereum has gone through 4 hard forks already.
Even after that emergency rollback fork after the DAO fail didn't affect coin stability all that much, since that time value of ETH rose more than 4x.
But despite these facts and advantages, ETH is not as popular as bitcoin. I also bought myself some ETH coins, but I do not have much hope for this currency. I have more confidence Bitcoin
April 24, 2017, 10:14:08 AM
I like how people that were totally not into crypto have made an important shift to allocate a serious percentage of their wealth/capital into Bitcoin and Ether. It doesn't happen quite often that people move out their comfort zone to try out something new with a massive potential. I hope more money from non crypto people will flow into Bitcoin, where I aim at them taking a long term position in Bitcoin (preferably as store of value).
I think Novogratz is investing in bitcoin as store of value like you said. He had enough money, so I don't think he is going to sell it just for the profit. I also hoping that there were be a lot of people seeing bitcoin as store of value, so investing in it in for long terms seems logical for those who have a lot of money.
People who have lots of money have lots of investment opportunities, in my opinion this is one more investment opportunity he has seen.
He will not sell so soon.
So much so, that Novogratz is of the opinion that the price of Bitcoin could increase to as high as $2,000. He’s not the only one, though, who is projecting high prices for the currency. Bobby Lee, BTCC’s co-founder and CEO, predicted late February that Bitcoin could increase to between $5,000 and $11,000 by 2020, after the block reward halving.
This price analysis make me more cautious
April 22, 2017, 05:01:53 PM
Idgaf how much I could make from ether, it's just another shitty centralized currency that I want nothing to do with. It's the opposite of what all cryptocurrencies should stand for. I think he's just a follower and he only invested because they're the biggest. That's pretty dumb and takes almost 0 knowledge. Oh durp these 2 look good since they're the biggest. Great analysis.
As much as we might not like ETH we can't deny that their development process is superior than BTC.Mainly because it is so centralized, it is easier to upgrade this coins. AFAIK Ethereum has gone through 4 hard forks already.
Even after that emergency rollback fork after the DAO fail didn't affect coin stability all that much, since that time value of ETH rose more than 4x.
April 22, 2017, 02:09:31 PM
I like how people that were totally not into crypto have made an important shift to allocate a serious percentage of their wealth/capital into Bitcoin and Ether. It doesn't happen quite often that people move out their comfort zone to try out something new with a massive potential. I hope more money from non crypto people will flow into Bitcoin, where I aim at them taking a long term position in Bitcoin (preferably as store of value).
I think Novogratz is investing in bitcoin as store of value like you said. He had enough money, so I don't think he is going to sell it just for the profit. I also hoping that there were be a lot of people seeing bitcoin as store of value, so investing in it in for long terms seems logical for those who have a lot of money.
April 22, 2017, 01:32:00 PM
I like how people that were totally not into crypto have made an important shift to allocate a serious percentage of their wealth/capital into Bitcoin and Ether. It doesn't happen quite often that people move out their comfort zone to try out something new with a massive potential. I hope more money from non crypto people will flow into Bitcoin, where I aim at them taking a long term position in Bitcoin (preferably as store of value).
The transaction of the bitcoin is too slow so that has detered many potential investors.
We all have to agree he's a smart man. If I had enough money to sustain myself for the next 20 or more years, I'd invest even more than 10% and cryptocurrencies would be my first choice.
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