Possible effect of potential billionaire investor?

Whosdaddy

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Quote from: Kim Ji Won on April 07, 2018, 12:10:48 AM

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

Lol, maybe others has given him a plan. You know the normal thing they do, and by the way he’s not the first billionaire to be investing money in cryptocurrency, there have been others, one of which I can remember.

The normal thing which they do is invest money and withdraw once huge have made enough profits and convinced the poor investors to put in money. That’s why it’s good to have target and withdraw when you think it’s right. Some people are greedy and they are the ones that keeps on losing.

Pinoyfan

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Quote from: Kim Ji Won on April 07, 2018, 12:10:48 AM

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

Nothing is impossible to invest, and technology in the right direction. I believe that they belong in your own site, but we have been a good job. The first is to invest in recent months ago by the future of cryptocurrency. The real problem here are actually has been running for those who are respectable with cryptocurrency

The Sceptical Chymist

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Quote from: Lucius on April 07, 2018, 08:35:17 AM

so I guess his time is close to end,he is 87 years old.

True, but I would imagine that just like Warren Buffett, there will be someone taking over once he croaks--but then again, I don't know much about Soros other than he's a massively wealthy guy.

Soros would be considered a whale, because there's no way he'd be investing just a little amount. If he bought some bitcoin, or any other crypto, it would probably move the market in an upward direction. But somehow I can't imagine that he'd be keeping it for a long time, or even that he'd be investing in it in the first place. And you also have to think about when someone like him sells it. That could easily crash the market. He'd have to do both the buying and selling in "small" increments so as not to move it too much.

Cinemo

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Quote from: Kim Ji Won on April 07, 2018, 12:10:48 AM

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

The possible effort for being cryptocurrency investor is to give up our economy. The real question cause a new future of cryptocurrency. The first is that they are respectable in the future. I do believe in that bitcoin and technology. The only one that bitcoin and technology, the market

XCANA

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Despite the fact that your submission here is not surport by any proof that the said Man has invested such amount of money in crypto currency, I will believe that if such a thing happen it will definitely spike the market to an upward direction and a sell off after a period of time may cause price decline.

Hypnosis00

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If an investor is just getting ready to invest and if he is a billionaire then i think that it will pump the coin or stock that he will be buying because he will be investing a huge amount of volume of money to the coin or stock which is the cause for a hype because other people will use it to make rumors and hype other people to buy also so the pump will continue.

renggileh

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No one has any more authority than anyone else. Anyone who wants to use bitcoin can. George Soros can't stop you from using bitcoin and you can't stop him either. Fair money.

hacekd

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Quote from: RamonBTC on April 07, 2018, 03:17:30 AM

I don’t consider George Soros as loyal investor, honestly with his controversial involvement in destabilising from country to country this won’t be a good things cryptocurrency. His idea of using money to manipulate things will only make this community more in danger.

First impression last as they say, for what he have said before their is a big possibility and other whales will dominate and manipulate to crash the market for his advantage.

if everyone hopes prices rise automatically we all need someone like George Soros because by him as a big investor haga can rise and if many people like George Soros most likely the price will return to normal...

spongegar

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It would ultimately depend on how the investor will invest and how long that investor will hold on to the coins. For example that investor bought 26 billion worth of bitcoin, then you will definitely see a sudden spike in the market. Now if that investor held their coins then all in good, but if they sell everything that's when you will see a huge dip.

Netnox

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Quote from: Kim Ji Won on April 07, 2018, 12:10:48 AM

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

Any billionaire taking interest in crypto is a good news. But I am cautious because the billionaire in question is Soros. He is having a negative view on crypto and most likely he would like to get a profit by crashing the exchange rates.

Sadlife

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If his shown an interest in bitcoin and invested 26 billion of his assets then the price should surely to spike. In fact the price has surge to 6596 dollars. I can't blame him for showing such interest even big firms and platforms are showing interest in bitcoin such as Microsoft,alibaba even wall street traders.

jaysabi

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Quote from: StevenPop on April 07, 2018, 02:59:37 AM

If George Soros even puts just a billion into the market then we will see a price hike and a massive one at that because that would mean there is much demand and once people see prices start going up, then they will start buying in too thereby increasing the price.

Nobody puts a billion dollars into crypto, to even suggest anyone would gives you an idea how hyped up your own expectations are and how unreasonable they are as well. When Soros was calling Bitcoin a bubble, he was right. In case of have noticed, Bitcoin has crashed more than 60% since December and has stayed down. That's a bubble bursting. Soros isn't interested in Bitcoin as an asset, he's interested in Bitcoin businesses that capitalize off people who think it's not a bubble, like exchanges or transfer services. To not understand the difference is to be one who makes people like Soros rich.

Markyway88

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I have seen an article about George Soros where he did not believe in bitcoin however, when there is a dump he invested with it. I don't know how truth the article is but if when conclude the scenario, George is just spreading FUD news in order to grab the opportunity to buy bitcoin. If like him will invest in crypto, there is a possibility that he will gain double times than what he had.

furry04

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if this kind of investors turn bullish to crypto world than inevitably the prices will experience a spike and a very huge spike. The FOMO will get too much and projects hype will triple by making the market more liquidated.

BitHodler

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Quote from: BellIcon on July 01, 2018, 11:43:22 PM

I don't think you can put billions of dollars into any coin without moving the price up. And that could be very risky for a billionaire. A lot of money to lose.

Correct. It's pretty much a guaranteed way to lose if you try to enter by blindly buying your way up in a market that has barely any liquidity. It's impossible to buy or sell large amounts for a fair price on exchanges.

I am however sure that large investors aren't that ignorant to fall for it. They are very conservative of nature and would likely prefer to open positions through futures and other cash settled financial tools.

Most of these investors just want the exposure but not the asset, so the cash settled tools are perfect in that regard. At some point the volumes of these financial tools will surpass the volumes of the spot markets.

Victorik

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Should he comes in with his billion dollars, market will certainly a sudden price spike, other billions will want to try it. But in the long run, they will off load their fund and downward trend will start, we only need dedicated investors here and not experimental investors.

Stavri

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it is of course a good thing for crypto market. especially big amount of cash in to the market is useful for all of us. but it is better if manhy small investors to join instead of single investor with huge amount of money.

Chacon994

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Quote from: Kim Ji Won on April 07, 2018, 12:10:48 AM

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

If George Soros invested $ 26 billion in cryptocurrency, then maybe he was becoming a big whale. I also think that he and other billionaires are also watching the situation of the crypto market

w33man

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Quote from: Kim Ji Won on April 07, 2018, 12:10:48 AM

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

If he trully would start investing and trading in cryprocurrency it could really help increase the market demand of cryptocurrency since he has a worth of billion dollars of assets.

BellIcon

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Quote from: bitcoinisbest on July 01, 2018, 11:50:37 PM

Quote from: BellIcon on July 01, 2018, 11:43:22 PM

I don't think you can put billions of dollars into any coin without moving the price up. And that could be very risky for a billionaire. A lot of money to lose.

It may not be one individual it will be many institutions buying this cheap price as that is the near about bottom of this time so anyone would like to buy from that price. Thus due to many people and institution buying at the same time has resulted in the price rise.

I mean, yeah, it can and probably is a lot of wealthy individuals. But since the OP is talking about a billionaire investor, I'm just saying that putting billions would be too risky, because that can raise the price, and then others might dump. Thus the individual losing money. If he were to invest now.

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