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Topic: Bitcoin among conglomerates (Read 1286 times)

full member
Activity: 476
Merit: 107
November 19, 2017, 05:11:46 AM
#46
Well I'm not sure if some of rich people do invest here in bitcoin cryptocurrency they make their owned business as well to make more money, perhaps peoples do invest here in cryptocurrency that was hiding their money to the government because we quietly store our money bitcoin from wallet with out any evaluation of money.
It ain't necessary for them to create their own business as well in btc for them to invest to it. Having a mining farm of their own is enough rather than creating their own business. I am sure that those rich bastards somehow invested on btc in secret and most of them are part of the so called whales who owns large amounts of btc. They don't necessarily hide their money with the government but rather they just do it in order to gain more.
full member
Activity: 798
Merit: 109
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November 19, 2017, 04:18:14 AM
#45
Do the rich now begin to invest some of their money in bitcoin?

Well I'm not sure if some of rich people do invest here in bitcoin cryptocurrency they make their owned business as well to make more money, perhaps peoples do invest here in cryptocurrency that was hiding their money to the government because we quietly store our money bitcoin from wallet with out any evaluation of money.
hero member
Activity: 1036
Merit: 500
November 19, 2017, 02:59:45 AM
#44
not everyone is rich, because not all of them understand and understand bitcoin, even their time is too little to learn bitcoin.
In the present time everyone know about bitcoin. There are also many other digital currency but the only most beneficial currency in all the digital currency. It help the people to save their money and in this way their money also become safe and help people to send their money from one person to another very easily. Many of the world population know about the bitcoin and is using it but in future even kids will come to know about it.
legendary
Activity: 1652
Merit: 1000
November 12, 2017, 08:45:31 AM
#43
there is no exact data how many rich people were investing at bitcoin but as the rich people they will always be figure out the opportunity to making money to increase their wealth then invest in bitcoin probably will be their option because as long term investment i think bitcoin will be good option and a lot of benefit from holding bitcoin for long term purposse so possibly rich people might be have bitcoin as their secret investment
sr. member
Activity: 504
Merit: 250
November 12, 2017, 05:22:18 AM
#42
not everyone is rich, because not all of them understand and understand bitcoin, even their time is too little to learn bitcoin.
member
Activity: 294
Merit: 16
November 12, 2017, 05:10:53 AM
#41
Those so called bastard of conglomerates are also into Bitcoins but in secret. Thats why some of those buggers  were manipulating the BTC market a month ago to accumulate some.. Angry
sr. member
Activity: 588
Merit: 254
August 26, 2017, 01:25:15 PM
#40
There are but not many, as most rich people are too busy with their business dealings, and some focus on companies because they have a very important company in their careers. That's why only a small percentage of rich people use bitcoins, and they also use them only to store their wealth.
Well This is true that most of the elite class has their own businesses with company form of organisations and they have all the concentration on taking their business from better to best. Also I've noticed one common thing in all these businessmen that they don't believe on virtual stuff. Most of them are against bitcoin, they prefer dollar.
sr. member
Activity: 1988
Merit: 254
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August 26, 2017, 01:16:40 PM
#39
Do the rich now begin to invest some of their money in bitcoin?

I think big corporations investing in Bitcoin are good. They have big capital, they have human resources, they have a good business strategy so they will make Bitcoin more development.
sr. member
Activity: 2030
Merit: 356
August 26, 2017, 12:58:34 PM
#38
Your title made me think one thing, and then your post seem like it was going in a different direction. For conglomerates and corporations, smart contracts and tokens would be one of the main things that would attract them. The fact that apparent token or coin is completely transparent is great for some transactions at the corporate level, for example to buy and sale of stock.

But then a lot of what happens with that money after that should only be available to the stockholders, and that short of Ledger can be hidden inside of a side token with an apparent token. But as far as just rich people using Bitcoin, I think a lot of people think that Bitcoin has made them rich.
legendary
Activity: 2954
Merit: 1159
August 26, 2017, 12:53:07 PM
#37
Your title made me think one thing, and then your post seem like it was going in a different direction. For conglomerates and corporations, smart contracts and tokens would be one of the main things that would attract them. The fact that apparent token or coin is completely transparent is great for some transactions at the corporate level, for example to buy and sale of stock.
full member
Activity: 419
Merit: 100
August 26, 2017, 03:25:31 AM
#36
This is a unique fact, many conglomerates move their money to bitcoin, they invest heavily into bitcoin because they believe the future of bitcoin will improve and of course the money will continue to increase in value rather than save to the bank.
sr. member
Activity: 672
Merit: 253
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August 26, 2017, 12:45:07 AM
#35
I think there must be a conglomerate following bitcoin, just think bitcoin is a very valuable investment for now. But I do not think there are too many conglomerates that follow the bitcoin. because of course they still have many assets in other fields. Such as realestate companies they have and others. I think some of the conglomerates are more interested in saving the shares they have in other business areas they are living. But I really hope more and more investors from the conglomerate, it can cause bitcoin value will always exist.
legendary
Activity: 1652
Merit: 1057
August 25, 2017, 02:40:06 PM
#34
Do the rich now begin to invest some of their money in bitcoin?
Yes, rich people have more opportunity to make more money from bitcoin because they have more investment. The more money you invest in bitcoin the higher you can get the profit, I think it is very easy way for rich people to make their money double or even triple. The good news is the investment of rich people also benefits us, because it make bitcoin more expensive.
sr. member
Activity: 530
Merit: 250
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August 25, 2017, 12:44:00 PM
#33
I don't even know what you are asking so unfortunately I can't help... Tongue
sr. member
Activity: 630
Merit: 251
August 25, 2017, 12:31:47 PM
#32
I'm sure that bitcoin increases because of the wealth of wealthy investors who invest their money for their business.
Without people the rich, bitcoin will not be what it is today.
agreed! Bitcoin is here on this place is only due to its users and mainly due to its rich users because they invest a lot in bitcoin and hence make it expensive. And in result bitcoin return this favor in the form of profit that will doubled or tripled their wealth. Bitcoin also take good care of small investors and granted them with pretty much profit so that next time they invest more.
legendary
Activity: 3486
Merit: 1280
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August 25, 2017, 10:18:12 AM
#31
Do the rich now begin to invest some of their money in bitcoin?

Yes and I think nobody can stop them from buying all the Bitcoin that they want since many of the rich are actually good speculators. I have read many billionaires and millionaires now getting interested to invest big amount of money in Bitcoin and other coins. I am hoping that this is just the start and there would really be more people who are serious in investing.
I see few wealthy people invest in bitcoin, they see the constant fluctuations it impedes their investment. Like you can not invest large sums of money into something uncertain

It is all relative

The uncertainty of value (also known as volatility) determines the possible amount of investment, i.e. how much risk you are ready to take (otherwise known as "how much you are willing to lose"). Obviously, rich people, and still more so insanely rich ones may be willing to invest more in absolute terms, though to them it might still be mostly pocket money. Remember that the Winklevii twins bought a few dozen million dollars worth of bitcoins. I don't think that could ever count as a small amount
sr. member
Activity: 476
Merit: 250
August 25, 2017, 09:37:10 AM
#30
I think that the rich who needs challenges will invest in bitcoin. I know that bitcoin looks like a great opportunity but almost every rich will stay investing in stocks, shares, assets, real estate because that has some tangibility and I guess less risk then bitcoin.
full member
Activity: 686
Merit: 146
August 25, 2017, 08:43:56 AM
#29
If you're referring to those who are already established and rich way before Bitcoin is as it is now, then I think yes they may be investing in Bitcoin. I think that even if I'm already, I would still invest in Bitcoin because of its potential. In fact, I would take advantage of my resources to buy Bitcoin if I were rich. Rich people still need to invest despite the riches that they already have.

But if you're talking about those who bought Bitcoin years ago and are now millionaires, then I also think that they still invested in Bitcoin. Surely because of their experience of holding Bitcoin which increased in value over the years, they would still invest because it is still possible for the value to continue increasing.
hero member
Activity: 560
Merit: 500
August 25, 2017, 05:57:12 AM
#28
For sure, not only few rich people are investing in Bitcoin but more.

actually, those early adopter of Bitcoin are among the richest. who own a thousand or hundred thousand bitcoin.
Those who owns a hundred thousand bitcoin is very rare now as most of the rich ones in btc only got a thousand or two but I doubt if there is still someone who keeps a hundred thousand btc but it is very possible if they held and never moved their btc at least once on their bitcoin wallet. Those who got those high amount though for sure will get nice profits on bcc now since if they got a hundred thousand btc before fork, selling now would result in them halving a ton of free money.
full member
Activity: 476
Merit: 101
August 25, 2017, 05:13:05 AM
#27
For sure, not only few rich people are investing in Bitcoin but more.

actually, those early adopter of Bitcoin are among the richest. who own a thousand or hundred thousand bitcoin.
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