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Topic: Bill Cosby buys 750 BTC - page 3. (Read 1039 times)

newbie
Activity: 56
Merit: 0
August 30, 2018, 02:58:00 PM
#76
Well it seems that everyone is now looking forward to BItcoin. This announces the future of the Bitcoin and potentiality of crypto market in future. I hope he gets a good return at his old age
newbie
Activity: 12
Merit: 0
August 30, 2018, 07:18:25 AM
#75
Brilliant financial adviser if he bought 750 BTC for long term than this will be really beneficial for him when bitcoin price touch new ATH than $5 millions dollars will converted in huge amount i think he is holding bitcoin in Hardware wallet because this is the safest way to keep secure bitcoin and other cryptocurrencies, this action is really great for secure his fund and wise investment.
newbie
Activity: 224
Merit: 0
August 30, 2018, 05:52:52 AM
#74
very wise decision indeed. The current market is low for bitcoin and he took this opportunity for investment. Soon he's $5m will be double because the price will increase for sure not go down.
newbie
Activity: 237
Merit: 0
August 30, 2018, 05:48:38 AM
#73
I think his financial advisor gave him a good decision indeed. I also think it is high time to buy cryptos or bitcoin now as the price is low right time. The price will rise anytime and his $5 million will be double very soon. Smart move indeed.
sr. member
Activity: 476
Merit: 359
August 29, 2018, 09:03:37 PM
#72
Damn great financial advisor, he must be really popular on the Hollywood now because of that move to save client's money. That damn man will have some money after he got released from jail (if the accusation on him is approved right) and maybe will got some profit too.

Well at least if that Bill Cosby does not got scammed by his financial advisor, because you know, Cosby can not take that to the court because it is the money which he hide for his criminal reason.
legendary
Activity: 3024
Merit: 2148
August 29, 2018, 08:06:06 PM
#71
This is smart to do, he has a good financial advisor. He will have money there that no one but himself can access, and that money is guaranteed to never be debased (killer app for Bitcoin if you ask me). This is definitely another use case for Bitcoin, the super rich buying BTC to retain their wealth. I don't quite understand this, but couldn't the court order him to pay those BTC to his wife if necessary?

If it became known to the public, then it is not smart at all, simply owning Bitcoin is not enough to avoid getting your money taken away by the justice system. For that, you would need privacy too, and he has clearly failed here. Now he may be forced to give up his coins, and even if he'll try to lie that he has lost them, he'll have a hard time spending them, because he'd had to go through exchanges and banks, which would immediately notify the law enforcement agencies.
full member
Activity: 479
Merit: 103
August 29, 2018, 06:50:51 PM
#70
Reportedly Hollywood actor Bill Cosby has recently bought 750 BTC (around 5 $million at the time of the purchase) when he was advised to do so by his financial advisor, in an attempt to save some of his wealth from what's coming to him after all the rape accusations.

Im not sure if he is a rapist or not because I haven't looked at the evidence, but like or not, this is a clear use case of Bitcoin. His net worth is like half a billion USD, so I guess this is like a plan Z to keep 5 million which would be enough to live without working in case things go very bad for him.

I found this interesting nonetheless and worth mentioning here. Full news:

https://bitcoinexchangeguide.com/bill-cosby-buys-750-bitcoin-btc-worth-5-million-to-save-500m-fortune-from-wife/

Interesting news. The question now is why he has invested only 5 Million in Bitcoins out of a fortune 100 times bigger which could easily end being seized because of his legal problems.
Protecting just 1% of hiw wealth is probably not the optimal choice.
full member
Activity: 616
Merit: 100
August 29, 2018, 06:48:19 PM
#69
wow bitcoin is become more popular because of this news, i hope that after this news launched and people see this news they want to buy more and more bitcoin so the price of bitcoin can increasing sharply
member
Activity: 392
Merit: 11
August 29, 2018, 06:28:21 PM
#68
I think this is where SEC and other responsible government organizations should come together and stop such things from happening.Bill is trying to hide his wealth in cryptocurrencies and mitigate his expenses, this is pretty unethical from his part, if he was actually guilty of the alleged accusations! I hope in the new future many be with the advent of quantum computational power, these activities can be detected or even obstructed.
full member
Activity: 2548
Merit: 217
August 29, 2018, 05:40:09 PM
#67
He use his  brain buying bitcoin for the security of their fiat money investment is a wisely moves, he secured his money using this new technology of currency. I don't know who is he as an movie artist but I believe him strategy.
Uad
newbie
Activity: 27
Merit: 0
August 29, 2018, 05:25:40 PM
#66
If it worked that way. You do not get any legal protection by turning your dollars into BTC. The courts can force him to liquidate his bitcoins and pay any losses that he incurs. His property will be confiscated, bitkoyn and all. I do not understand how this will protect him.
newbie
Activity: 42
Merit: 0
August 29, 2018, 05:14:47 PM
#65
The possibilities of the usage of crypto are endless, just like this where e can get protection of you assets and wealth too. This will play a vital part in strengthening the reputation of the crypto currency market.
newbie
Activity: 70
Merit: 0
August 29, 2018, 04:13:34 PM
#64
This has discovered another effective use of bitcoin. This means that now people can use bitcoin for protecting their wealth as it provides more security than others. This will increase the reputation of bitcoin as well as crypto currency more.
newbie
Activity: 112
Merit: 0
August 29, 2018, 03:10:39 PM
#63
This is really good news for the crypto currency market as well as BTC specially. This has revealed another good use of BTC.S So now we can say that BTC can also be used for retaining the wealth. BTC is safer than the bank for retaining wealth as per this event.
newbie
Activity: 84
Merit: 0
August 29, 2018, 02:40:15 PM
#62
Bill Cosby is a known stand up comedian, musician, author and a convicted sex offender. According to recent news, he is thought to be hiding a major portion of his fortune from creditors by using Bitcoin. It is also heard that, he is doing this so that he doesn't have to pay for millions of legal fees and his wife who would soon be taking divorce from him.
member
Activity: 700
Merit: 11
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August 28, 2018, 06:29:05 PM
#61
the reason he was just to save the rest of his wealth. he is not interested in bitcoin. if he is free from legal problems. of course he will take back his wealth. and of course he must sell all the bitcoin he has to get it back.

i think this will be very scary in the future.
newbie
Activity: 4
Merit: 0
August 28, 2018, 11:50:22 AM
#60
This is Bill. Bill buys bitcoin to have a backup fund that might explode into billions. Be like Bill(ion).
full member
Activity: 322
Merit: 100
August 28, 2018, 11:16:36 AM
#59
I don't think that means anything. Maybe he's making a big mistake, we can't tell if he's right or not. It will be clear only after a while.
sr. member
Activity: 784
Merit: 314
August 28, 2018, 11:10:36 AM
#58
If for the impact the price seems like this doesn't exist at all, except maybe Bill can play the price in it, chances are there will be something moving later. Still on the technical side, bitcoin is currently more likely to fluctuate between lows and there is no significant movement that can change the direction of the trend
full member
Activity: 462
Merit: 100
August 28, 2018, 11:06:28 AM
#57
Reportedly Hollywood actor Bill Cosby has recently bought 750 BTC (around 5 $million at the time of the purchase) when he was advised to do so by his financial advisor, in an attempt to save some of his wealth from what's coming to him after all the rape accusations.

Im not sure if he is a rapist or not because I haven't looked at the evidence, but like or not, this is a clear use case of Bitcoin. His net worth is like half a billion USD, so I guess this is like a plan Z to keep 5 million which would be enough to live without working in case things go very bad for him.

I found this interesting nonetheless and worth mentioning here. Full news:

https://bitcoinexchangeguide.com/bill-cosby-buys-750-bitcoin-btc-worth-5-million-to-save-500m-fortune-from-wife/
Well its a good decision for buying for itself no one can get the bitcoin even the government even he have a case of rape until his time comes he can use that money even not working. and the case also is his 5 million USD can grow more because of what happen in a matter of time. This is good for the investor. Buying of Bill Cosby that kind of money can affect to the price and grow so much.
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