Jeff Bezos and Bitcoin - page 2. | Bitcointalksearch.org

mk4

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Quote from: NeuroticFish on July 02, 2020, 10:42:53 AM

1.4 As he starts buying (them all) the price will go up and up and up until the point he cannot afford to buy more. At least this is how I understand the laws of supply and demand.

Yea, this. Bitcoin price will rise and rise if people on exchanges are hoarding up all the available supply. Why would it be difficult with Bezos? It's not like he's going to negotiate with every single bitcoin holder and agree with the $9k price.

Tipstar

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It would be less costly for him if he starts a mining farm and get 90%+ total hashrates before making the attempt to buy all coins. He'd be getting the transaction fees and most of new coins. And as the previous user stated, a large buy order would make the price rocketing making him not being able to get even 25% of total coins. Jeff Bezos is much more intelligent than he looks.

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Quote from: Twentyonepaylots on July 02, 2020, 10:35:23 AM

I'm also wondering why at this time of pandemic he got his ATH company shares.

E-commerce is booming and that's why his Amazon stocks is rising. And he's not just with Amazon as the typical service that we know, he got various of investments spread all across several companies.

He also has a very known cloud service infrastructure that's being used by many companies and businesses today which gives more profit for his company. I didn't even thought him talking about bitcoin or purchasing a lot, who knows if he already did?

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I suppose @OP was referring to the trading fees (not to spend). Let's imagine him converting his fortune ($175 billion) to bitcoins with a 0.15% FX fee, that would be $~250 million
Buy from me, Jeff!!!

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Amazon capitalized mainly on people's purchasing habits which changed when they turned to e-commerce during the stay at home order (without considering AWS and subscribers). Now the company is surely hoping the habits become permanent

NeuroticFish

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Quote from: Twentyonepaylots on July 02, 2020, 10:35:23 AM

Jeff Bezos could really own every bitcoin with that huge amount of money, but I'm thinking how much transaction fee he is getting to pay for buying all of the bitcoins

Two mistakes here.
1. He cannot own all the bitcoins because:
1.1 Some bitcoins are lost forever.
1.2 Some people will simply not sell.
1.3 Not all bitcoins are mined yet.
1.4 As he starts buying (them all) the price will go up and up and up until the point he cannot afford to buy more. At least this is how I understand the laws of supply and demand.
1.5 He is not stupid and he would understand that if he would buy all the bitcoins they'd become worthless. Also he will always hugely diversify his investments.

2. The transaction fee for sending the bitcoins doesn't depend on how many bitcoins there are there and what's their market value. It's (in this case) about the number of inputs (does he have a few "big bills", or a huge amount of "coins" or somewhere in between).

Twentyonepaylots

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Today Jeff Bezos is worth more than the market cap of the bitcoin at its price right now, he's more than $1.5M ahead. Jeff Bezos could really own every bitcoin with that huge amount of money, but I'm thinking how much transaction fee he is getting to pay for buying all of the bitcoins (If Ever) and I'm also wondering why at this time of pandemic he got his ATH company shares. With all these money he could just play around, he's above all us in terms of money. Any thoughts about this one?

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