If u were Warren Buffet would u buy 51% of Bitcoins?

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: Mvaporis1961 on July 16, 2016, 07:33:05 AM

If i'm Warren Buffet and i have a lot of money, i would definitely buy the 51% of the bitcoin because we can see the great opportunity in bitcoin and its price is continue rising and maybe someday the amount that i invested in bitcoin will be doubled or even tripled. So why not to take risk Roll Eyes

.

I wouldn't, let me explain. When it was known that one actor controlled a majority if the coins, and could basically influence price at will, I think people would be less enthusiastic about investing. While people would certainly still speculate, I think institutional investors would shy away from a known 'cornered' market.

Mvaporis1961

sr. member

Activity: 364

Merit: 250

If i'm Warren Buffet and i have a lot of money, i would definitely buy the 51% of the bitcoin because we can see the great opportunity in bitcoin and its price is continue rising and maybe someday the amount that i invested in bitcoin will be doubled or even tripled. So why not to take risk Roll Eyes

.

rphk

full member

Activity: 210

Merit: 100

warren buffet is a great man , he know each and everything of money , he is successful person, studied on the market made huge money. i i was warren buffet i would had bought 51 percent of bitrcoins

as we can see there is growth on bitcoin , every sites mentions and made bitcoin as transaction method on internet.

topiOleg

full member

Activity: 174

Merit: 100

It would take very long to buy 51% of Bitcoins and dont increase the price by too much because exchanges dont have much bitcoin available. It could take very long to buy 51% of Bitcoins, and Warren Buffet is not young enought to have enought time for this I guess.

bitgolden

legendary

Activity: 3024

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: outatime1 on July 11, 2016, 06:00:46 AM

Warren Buffet came out a while back and said he didn't believe in bitcoin because it isn't backed by anything. I don't think he is interested in it right now and if it does gain traction, it may be too late for him to invest in it (to make big profits).

You know what, he may have given this statement but we all know that he might very well be jealous too because he could not recognize the potential of bitcoins and crypto in back 2009-2010 and hence giving anger statements now Grin

streazight

hero member

Activity: 910

Merit: 502

Quote from: From Above on July 11, 2016, 04:02:06 PM

I appreciate the many awesome comments of u guys.

I can't let go of the thought of being the Warren Buffet and buying 51% of all Bitcoin in existence.

Because that's really cool.

~CfA~

You asked a nice question too mate Wink

. I think though that being warren buffet means you have very less time to think about bitcoins or others and you would just focus on your business. Basically the truth is you won't even know about BTC maybe if you are someone like him.

PokerFace3

hero member

Activity: 700

Merit: 500

No I personally wouldn't buy 51% of the bitcoins. I guess that is too much and wouldn't buy it for investment to keep it as a currency. I don't think that investing in bitcoin is that much of a risk but who knows. Everything is uncertain and investing that much of money NOOO way !!!!

pereira4

legendary

Activity: 1610

Merit: 1183

I would try to buy as much as possible, that's for clear. 51%? Im not sure that would be possible... but I would try to own as much as I can. The paradox here is, the people billions of dollars is too old/uninformed so they will not do it. It will be new people that become billionaires thanks to Bitcoin.

From Above

hero member

Activity: 700

Merit: 520

Quote from: iqlimasyadiqa on July 13, 2016, 08:52:14 AM

bought 10%'ve made me feel very rich. bitcoin supply now has a high price.

U, sir, own 10% of Bitcoin. U are one of the cryptomoney-richest men on the planet!

~CfA~

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

bought 10%'ve made me feel very rich. bitcoin supply now has a high price. total of my wealth is not sufficient to buy a majority stake. with 10% I was able to master and manipulate the bitcoin prices in the market.

From Above

hero member

Activity: 700

Merit: 520

Quote from: Wendigo on July 13, 2016, 05:21:55 AM

If I had the money to buy 51% of the Bitcoin pool I wouldn't do that because it might scare off all the people in the Bitcoin community. Having more than half of all the Bitcoins in existence would give me a big leverage over the Bitcoin market and theoretically I could crash the price overnight so all the investors and speculators might as well abandon the crypto coin and all the current Bitcoin investments will become basically worthless.

That is very good point but it could also go in the other direction. Some people might feel hyped like about some presidential candidates and then Bitcoin would go to the stars in the price regions.

~CfA~

richmcrich

hero member

Activity: 1120

Merit: 507

Quote from: ?? on ??

Well if I was warren buffet I would consider buying a 100$ worth of bitcoin when it was way back 2009 since I know that bitcoin have some potential. But if you'll ask me know, Guess I wouldn't do it since there is a big chance that I would not profit as expected since there are dumps and pumps.

Yes, actually being Warren means that you have enormous knowledge and business sense and you will easily sense that bitcoins have a huge future ahead and surely would buy lot of bitcoins. May be not $100 though and more than $1000 as you are very rich then.

Wendigo

legendary

Activity: 2604

Merit: 1036

If I had the money to buy 51% of the Bitcoin pool I wouldn't do that because it might scare off all the people in the Bitcoin community. Having more than half of all the Bitcoins in existence would give me a big leverage over the Bitcoin market and theoretically I could crash the price overnight so all the investors and speculators might as well abandon the crypto coin and all the current Bitcoin investments will become basically worthless. It's better to buy in small play smart and cash out big then simply rinse and repeat Cool

davis196

hero member

Activity: 3192

Merit: 939

Quote from: From Above on July 10, 2016, 06:41:47 AM

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

The speculation attempt will be too obvious.I would buy maybe around 15-20%, not 51%.

I will use other people to buy the btc for me...

By the way....Waren Buffet grandfather??WTF.DO you mean Warren Buffet`s grandson?

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: From Above on July 10, 2016, 06:41:47 AM

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

Honestly you tell me one thing, if you buy some amount or 100%, will it not make bitcoins dead as then you are the virtual creator and may be people would have started some other crypto, moreover you cannot buy all btc into existence as its very high cost no matter if you are Warren Buffet.

neonshium

hero member

Activity: 1134

Merit: 515

Quote from: From Above on July 10, 2016, 06:41:47 AM

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

To those who do not know Warren predicts stock market very accurately ( as far as I know ). Well, if I was in his place surely I would buy some bitcoins, not sure if 51% but must have bought like 1000 bitcoins and leave them in a wallet fora better future.

Doamader

hero member

Activity: 756

Merit: 501

If Warren Buffet invest some part of his fortune into bitcoin would be just like an item, for a collector, i believe it could attract others big fortunes inside bitcoin, but would maybe kill the coin as we know, controled by 10 peoples besides Nakamoto, would be insane dump of coins or maybe a run to get more as possible.

From Above

hero member

Activity: 700

Merit: 520

I appreciate the many awesome comments of u guys.

I can't let go of the thought of being the Warren Buffet and buying 51% of all Bitcoin in existence.

Because that's really cool.

~CfA~

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: yayayo on July 11, 2016, 11:46:31 AM

The question is, if it will be still possible to buy 51% of all Bitcoin even if you own a fortune like Warren Buffet. Buying over half the Bitcoin ever existing will require a huge number of people willing to sell them.

I don't think he'd have a hope in hell of getting anywhere near 51% even if he was willing to throw away five or ten times his net worth.

Enough people would never sell. Enough people have a ridiculously high price that they might consider it. Enough people would notice someone buying mountains of it and hold out for even more.

unamis76

legendary

Activity: 1512

Merit: 1012

I would... But I'd probably end up trapped in the market trying to get there Cheesy

Topic: If u were Warren Buffet would u buy 51% of Bitcoins? (Read 2382 times)