Are Bill Gates comment to blame for BTC price instability these days

franky1

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Quote from: paxmao on March 04, 2021, 02:23:03 PM

Quote from: jrrsparkles on March 01, 2021, 09:37:20 PM

Quote from: franky1 on February 27, 2021, 07:54:39 PM

elon news (caused bull: 8th feb: $38k- 21st feb $58k)
elon correction(21st feb: $58k- 26th feb $46k)
bill gates announcement(26th feb $46k-today $46k)
seems gates announcement made no difference

It shows that people towards crypto investments are not seeing Bill Gates as right person so he never get to manipulate the prices to any level, since his statement price gradually growing up and nearly kissing 50K again at 1st March.

Actually, the value did dip a few hours after his comments so it may be masked by the general bull run that seems to be happening during the last months. Bill Gates does not mean much for a retail Bitcoiner, but his word does carry weight in the investment world, even if only for the circle of friends he's got and lately bitcoin is being invested by non-retail much more than before.

elon musk influence =~$20k
bill gates influence =~$200

elon has a 100x more influence on the emotional 'gut feeling' panic buyers and sellers

paxmao

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Quote from: jrrsparkles on March 01, 2021, 09:37:20 PM

Quote from: franky1 on February 27, 2021, 07:54:39 PM

elon news (caused bull: 8th feb: $38k- 21st feb $58k)
elon correction(21st feb: $58k- 26th feb $46k)
bill gates announcement(26th feb $46k-today $46k)
seems gates announcement made no difference

It shows that people towards crypto investments are not seeing Bill Gates as right person so he never get to manipulate the prices to any level, since his statement price gradually growing up and nearly kissing 50K again at 1st March.

Actually, the value did dip a few hours after his comments so it may be masked by the general bull run that seems to be happening during the last months. Bill Gates does not mean much for a retail Bitcoiner, but his word does carry weight in the investment world, even if only for the circle of friends he's got and lately bitcoin is being invested by non-retail much more than before.

FinneysTrueVision

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People are always looking for something or someone to blame. Bill Gates is not really relevant to Bitcoin and can not affect the price in any significant way unless he used his billions to make a large purchase. He is not a regulator and can't determine government policy so his words alone aren't going to be enough to cause a change in the market.

jrrsparkles

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Quote from: franky1 on February 27, 2021, 07:54:39 PM

elon news (caused bull: 8th feb: $38k- 21st feb $58k)
elon correction(21st feb: $58k- 26th feb $46k)
bill gates announcement(26th feb $46k-today $46k)
seems gates announcement made no difference

It shows that people towards crypto investments are not seeing Bill Gates as right person so he never get to manipulate the prices to any level, since his statement price gradually growing up and nearly kissing 50K again at 1st March.

Rruchi man

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Quote from: paxmao on February 26, 2021, 07:37:02 AM

Bill Gates showed a dislike for purchasing bitcoin based on the same arguments that Warren Buffet uses: They invest in companies that manufacture products. Which is a curious thing to say when Microsoft basically sells services, but anyway, is this enough to turn the BTC shorterm?

Everyone has a right to hold on to an opinion or choice on an investment option. What one sees as profitable to him, is to another not profitable. With Bill gates being one of the richest men in the world, and having made such wealth even before the the advent of crypto might not be moved or concerned with it. He is wealthy enough to decide to invest or not.

franky1

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bill gates cannot be seen as a guy investing for profit.
his persona is investing in health

his personal investment strategy has nothing to do with bitcoin and he is just publicly saying an announcement to his investors that their money is going towards health products. not bills personal profit game

..
as for bitcoins price.
the speculation of nearly 3x of value bubbled, where 2x up to 3x is due to the elon buy in.
but that excessive speculation hype bubble is not a sustainable price. it was always going to correct.

bill gates announcement happened after the elon correction speculation.
bill gates did not cause it

elon news (caused bull: 8th feb: $38k- 21st feb $58k)
elon correction(21st feb: $58k- 26th feb $46k)
bill gates announcement(26th feb $46k-today $46k)
seems gates announcement made no difference

(current hype bubble is 2.2x (46k hype price compared to 21k value))
expect that the price can wave up and down somewhat. depending on the which influencer can hype or hump the speculation.

jrrsparkles

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Quote from: paxmao on February 26, 2021, 03:29:54 PM

Quote from: jrrsparkles on February 26, 2021, 12:45:04 PM

... and I am sure he will be regretting about not investing on cryptos in the early days itself.

My friend, Warren is 90 years old has more money than any man can reasonably spend without killing oneself. Regret insofar as investing is not in his dictionary.

But he is a human too right?

I remember an interview on that he stated that his mistakes are his missed profits like he could have been 10B more rich if he did that which is also kind of regret too.

paxmao

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Quote from: jrrsparkles on February 26, 2021, 12:45:04 PM

... and I am sure he will be regretting about not investing on cryptos in the early days itself.

My friend, Warren is 90 years old has more money than any man can reasonably spend without killing oneself. Regret insofar as investing is not in his dictionary.

jrrsparkles

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Probably to show dislike against Elon Musk who is supporting crypto currencies more in the recent times?

It is clear that Warren Buffet was wrong when it comes to crypto currency investment and I am sure he will be regretting about not investing on cryptos in the early days itself.

Poker Player

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Markets are irrational in the short term, and in the case of Bitcoin and cryptocurrencies even more so. Gates' statements may have played a role along with other factors, but what was clear is that we were not going to go up in a straight line to $100k. We are having very good returns this year, days of beating ATH after ATH, corrections like this are normal.

20kevin20

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I guess they need a bit of FUD in order to heavily enter the markets. They've missed the train twice: in 2013 and in 2017.. so they won't miss this one too. I suspect Musk is taking advantage of his own influence as well. If you can move the markets to your own advantage by only pronouncing a few words, why not.. right?

paxmao

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Bill Gates showed a dislike for purchasing bitcoin based on the same arguments that Warren Buffet uses: They invest in companies that manufacture products. Which is a curious thing to say when Microsoft basically sells services, but anyway, is this enough to turn the BTC shorterm?

I think that Microsoft is loosing the train once again and that it will take them quite a bit to come back, which they will. I guess that on the end, they are a Dow Jones company and not a NASDAQ one.

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