If u were Warren Buffet would u buy 51% of Bitcoins? - page 2.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

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~

I would defifnitely buy BTC in such a situation but I don't think it would be about buying all the btc, because you never know whether it is fine to believe in cryptocurrency

yayayo

legendary

Activity: 1806

Merit: 1024

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. Looking at the number of Bitcoin typically available at the order books of major exchanges, the fiat valuation of Bitcoin will have to rise significantly to convince enough people to sell their coins. For that reason Buffet's fortune will most likely not be large enough to acquire 51%.

Another question is, if it would even be advisable to buy "a controlling stake" in Bitcoin. A single person holding such a high number of coins would significantly change the public impression of Bitcoin as a decentralized currency which might have adverse effects on its valuation.

If I were Buffet, I would limit my investment in Bitcoin to not more than 3% of all coins. That's a big enough chunk for a potential world currency.

ya.ya.yo!

pearnapple

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: HeroCat on July 11, 2016, 08:32:43 AM

If someone like Warren Buffet start to buy BTC in a big volumes, BTC price will go up, and someone will have losses instead of profit in BTC sales. Wink

well i guess you are right, if i were in his shoes i would definitely buy bunch of bitcoins because that would allow me to become an even richer person i guess and make profit in the future

HeroCat

hero member

Activity: 658

Merit: 500

If someone like Warren Buffet start to buy BTC in a big volumes, BTC price will go up, and someone will have losses instead of profit in BTC sales. Wink

MSF-Kandel

newbie

Activity: 32

Merit: 0

Quote from: serjent05 on July 11, 2016, 08:09:16 AM

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~

It would be a stupid act I think Cheesy

. Buying 51% of it will render my holdings unstable since bitcoin is highly volatile.

And If someone try to buy 51%, or much less, will this RISE the buying price massive. (Demand and Supply)

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

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~

It would be a stupid act I think Cheesy

. Buying 51% of it will render my holdings unstable since bitcoin is highly volatile. And another thing is, I will never put all my eggs in one basket, i will buy i think around 10% but not 51% because anytime the other 49% can make my holdings worthlesss. That is just my thought and caution if I am to buy that 51%

takingthis4

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: ezview on July 11, 2016, 06:03:45 AM

Hell know I would not buy that many coins at these prices lol I would have if I was around in 2012 but the boat has been truly missed for mega rich.

well if you would have bought it then you would have made a lot of money i guess, i think i would definitely buy the bitcoins then because bitcoin is the best investment option

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Warren Buffet is clever. Clever means not buying something you don't understand. It also means not buying 51% of something because it would cost a bleedin' fortune and most people wouldn't be into the idea of buying something majority owned by one person.

ezview

sr. member

Activity: 242

Merit: 250

Country music is where my heart is.

Hell know I would not buy that many coins at these prices lol I would have if I was around in 2012 but the boat has been truly missed for mega rich.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

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).

mishra1994u

full member

Activity: 196

Merit: 100

Quote from: LFC_Bitcoin on July 10, 2016, 07:34:23 AM

If I was Warren Buffett I'd already be rich so I wouldn't bother with bitcoin Wink

Yes i have same opinion.I didnt care about bitcoin or anything.Because i would have been already rich.People use bitcoin as investment or work to get rich.if i am already rich then there is no need to do anything

leonix007

sr. member

Activity: 1008

Merit: 297

Grow with community

Quote from: LFC_Bitcoin on July 10, 2016, 07:34:23 AM

If I was Warren Buffett I'd already be rich so I wouldn't bother with bitcoin Wink

Agree on this, I think there are a lot more resources he could go focus on to rather than bitcoin, but possibility is that one of his company may get interested on this on implementing/engaging or develop bitcoin business but not directly from Warren buffet.

kpitti

legendary

Activity: 924

Merit: 1002

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~

No I would not try to buy all the Bitcoins - this is insane and there is no reason for such step.

To buy 51% of all Bitcoins is the same stupid idea. But may be someone will try that. Price will go to the moon then Grin

Carlsen

hero member

Activity: 910

Merit: 501

Warren buffet is 85 years old.
I'm sure he is one of the best managers and investors there is, but I do not think he is much of a computer tech guy.
I think he is underestimating the potential in bitcoin.
Besides, if I was him, would I buy 51% of the coins?
No, I think that would ruin the worth of those 51% I would posess then.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

If I was Warren Buffet, I would hire a team of developers to create my own and I would tweet, "Buy a WarrenCoin today, to secure your future in Crypto Currencies" He has so many followers and admirers, he might even grow his market cap to be bigger than Bitcoin in no time. ^smile^

This would be his entry and investment into the Crypto currency scene. You have a reputable and well known name for the coin and no reason to be a scam coin. < He already has enough money, and a big reputation in the financial world >

Crypto currencies will be a toy for him to play with. ^smile^

CraigWrightBTC

hero member

Activity: 518

Merit: 500

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~

If i am Warren Buffett i will not buy 51% all of bitcoins because it is new there are not many people who bitcoin as payment method and today price of bitcoin is very high and it is very high risk too for Investment on bitcoin amount 51% of all bitcoins.

CoinBreader

hero member

Activity: 672

Merit: 500

No way, i would create some bubbles tho..everyone would be happy !
but then again i think btc for Buffet is pennys..
for those you know, just remember what wolong did with just 10m $

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

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~

Buying all stocks I don't think any one want to do that, it's hard to know what will happen if they buy it .but I think it's not the right time to buy it, maybe if the price back again to 0.01$ so they don't need much money to buy, but it will not happen again.

xht

sr. member

Activity: 462

Merit: 250

hey you, yeah you, fuck you!!!

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~

No i don't do it maybe would prepare to buy many mining hardware than start to mine bitcoin from now at least we still have many time to collect bitcoin as much as we can from now.

blackholes

newbie

Activity: 59

Merit: 0

If he ever does that , this would be the end for both btc and Buffet. During the buying stage the price would significantly increase and I don't know if his money would be enough. However even if he can pull that through , what would be the use of such a centralized coin? He would have devalued his own money. In my opinion ,no point in doing that.

Topic: If u were Warren Buffet would u buy 51% of Bitcoins? - page 2. (Read 2382 times)