Topic: Richest dude in Asia, going hard on Bitcoin - page 2. (Read 3769 times)
Actually, just having north of $800,000,000 would be a good amount to use on Bitcoin. It could buy out a lot of Bitcoin, but it wouldn't be able to buy out everything that is available now. I would probably use a large amount and get Bitcoin and use the rest on an ASIC farm of sorts.
well i would have invested 21million in buying btcs.
That depends. Some people view Bitcoin as an investment, while others view it as a currency. Li Ka Shing belongs to the latter category. No one stashes up a currency. Intelligent people would rather invest in currency-related services. That is just what Li Ka Shing did.
Any big investor would certainly keep their investment lowkey!
This. Him disclosing the holdings would affect the market. I'd assume that if he were buying a lot of Bitcoin, he would do it slowly and meticulously so as to not boost the price up while buying in.
well i would have invested 21million in buying btcs.
Multi-billions is a lot of money to play around with. I would probably go with half a billion in Bitcoin. I think that is a decent amount and probably some would be dispersed into Mintcoin. It's interesting as his views are that China is friendly towards Bitcoin.
Ebay/Paypal constantly monitor market trends/browser keywords/financial news. I'm sure Bitcoin has been on their radar since 2010.
Just my opinion, but their announcement today regarding consideration of Bitcoin integration is no coincidence with Bitpay news.
Lots of speculation as to how their model would work;
Will it follow their 2013 granted patent: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130173416&OS=20130173416&RS=20130173416 or modified version?
For integration to be viable, would they need to open another Paypal division that essentially follows the Coinbase model however with the ability to link international bank accounts?
What's the chances they move fast on this/full Bitcoin integration by 3/4Qrt 2014?
I don't have the answers
but certainly interested on how this develops. Honestly, I wouldn't be surprised if we don't hear anything official for another 3+ months.
Just my opinion, but their announcement today regarding consideration of Bitcoin integration is no coincidence with Bitpay news.
Lots of speculation as to how their model would work;
Will it follow their 2013 granted patent: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130173416&OS=20130173416&RS=20130173416 or modified version?
For integration to be viable, would they need to open another Paypal division that essentially follows the Coinbase model however with the ability to link international bank accounts?
What's the chances they move fast on this/full Bitcoin integration by 3/4Qrt 2014?
I don't have the answers
but certainly interested on how this develops. Honestly, I wouldn't be surprised if we don't hear anything official for another 3+ months.To those who keeps repeating "person X is not investing in bitcoin directly"... what makes you so sure?
I am somewhat sure, because looking at the exchange data for the last few weeks, I am yet to witness any bulk buying deals. He may have bought a few hundred coins, but he is not buying any five-figure or six-figure number of coins.
Looking at exchange data for bulk-buying deals is akin looking at the sky for fish... which is what you're doing.
Why would any person with half-a-brain put that kind of money through an exchange post-EmptyGox when they can broker the deal directly with discretion? Why?
The reason you don't witness bulk buying deals is because they don't want you to know it... Why would places like BitPay or even miners, disclose their client info? Hint: it would be financial suicide.
Ka-Shing, as rich as he is, doesn't want anyone to know that he has thousands of bitcoins--if he has them. Why? Hack target. There is no good reason for Branson, Miller, and Ka-Shing to divulge how much is in their VC wallet. Most whales don't broadcast how much coins they bought or where they got it from, for security reasons alone.
To those who keeps repeating "person X is not investing in bitcoin directly"... what makes you so sure?
I am somewhat sure, because looking at the exchange data for the last few weeks, I am yet to witness any bulk buying deals. He may have bought a few hundred coins, but he is not buying any five-figure or six-figure number of coins.
Any big investor would certainly keep their investment lowkey!
Agreed, I certainly would. From time to time, I would log-in to my wallet just to marvel at my 5-7 figure BTC
I doubt you would "log-in" to your wallet. You'd likely have that stash better secured than in an online wallet.
To those who keeps repeating "person X is not investing in bitcoin directly"... what makes you so sure?
I mean, if I invested in bitcoin infrastructure, you bet your poor ass I would have more than a few bitcoins trailing me, but I wouldn't announce it to the world to spike the prices up as I'm buying it. Makes sense?
I mean, if I invested in bitcoin infrastructure, you bet your poor ass I would have more than a few bitcoins trailing me, but I wouldn't announce it to the world to spike the prices up as I'm buying it. Makes sense?
Although Li Ka-shing is not directly investing in Bitcoin, I believe that after just two or three years, he will see his investment growing to hundreds of times the original amount. Right now, Bitpay is valued at just $160 million. I think that within 2-3 years, it will reach the same market capitalization as Paypal is having right now (around $10-20 billion, that is an increase in valuation by ~100 times).
Depend on the multi-billions themselves, if it's one or two 10,000 would do and if in the xx category I won't take less than 30,000.
This is a great show of confidence in Bitcoin and our network/system. It's funny, I was just thinking after looking at the article that he kind of looks like an Asian Warren Buffet (the guy on the left that is), which he is the opposite of due to his faith in BTC. I think this is a great long-term investment for him, and will probably benefit his other BTC investments in the long-term. I'm sure he's got other BTC investments or at least is a holder of some in a secure wallet.
The one thing I Don't like from the article is this:
"A US government report published on Monday said if Beijing successfully prevents Chinese users from accessing bitcoin, price declines would continue and threaten its legitimacy."
I don't like thinking about the US gov trying to squash Bitcoin. Hopefully that would just make it more popular though.
The one thing I Don't like from the article is this:
"A US government report published on Monday said if Beijing successfully prevents Chinese users from accessing bitcoin, price declines would continue and threaten its legitimacy."
I don't like thinking about the US gov trying to squash Bitcoin. Hopefully that would just make it more popular though.
So how big change like this could effect us, the little Bitcoiners?
Good question brother
- I think most of us hope that Li Ka-shing efforts and others will help Bitcoin corporate mass adoption.With this, we hope the Bitcoin protocol will be far more valuable (price / as a technology / as an asset)
...
Li Ka-Shing did not get so rich by being a dummy. It is worthwhile to watch what the extremely rich do (as opposed to what they say). I believe Li Ka-Shing is diversfying out of China and Hong Kong. A big BTC position might be very smart.
* * *
Another great example was Warren Buffett buying the BSNF railroad a couple of years ago or so. He called it "a bet on America", but, Jim Rickards characterized it better as a hard asset. A hard asset that transports other hard assets... Buffett is not stupid either.
Bitcoin, in a sense, is a hard asset as well.
Li Ka-Shing did not get so rich by being a dummy. It is worthwhile to watch what the extremely rich do (as opposed to what they say). I believe Li Ka-Shing is diversfying out of China and Hong Kong. A big BTC position might be very smart.
* * *
Another great example was Warren Buffett buying the BSNF railroad a couple of years ago or so. He called it "a bet on America", but, Jim Rickards characterized it better as a hard asset. A hard asset that transports other hard assets... Buffett is not stupid either.
Bitcoin, in a sense, is a hard asset as well.
Then Warren Buffet donated to certain politicians and uses the PACs he funds to oppose the keystone pipeline. Guess how the shipments of that oil are being transported right now?
Crony capitalism at it's finest.
China:
2000 BC to 1950ish AD - Millions of People think their emperor is a god
1950ish-2014 - Billions of People think the richest guys real name is Ka-shing
2000 BC to 1950ish AD - Millions of People think their emperor is a god
1950ish-2014 - Billions of People think the richest guys real name is Ka-shing
you know, he's chinese.. the name sure does look like it fits. as previously mentioned, it's kind of ironic that his name is "ka.. shing," since that's the phonetic sound that we consider as "money maker." it would be like charlie sheen changing his name to "charlie hookersandcoke"
China:
2000 BC to 1950ish AD - Millions of People think their emperor is a god
1950ish-2014 - Billions of People think the richest guys real name is Ka-shing
2000 BC to 1950ish AD - Millions of People think their emperor is a god
1950ish-2014 - Billions of People think the richest guys real name is Ka-shing
So how big change like this could effect us, the little Bitcoiners?
Good question brother
- I think most of us hope that Li Ka-shing efforts and others will help Bitcoin corporate mass adoption.With this, we hope the Bitcoin protocol will be far more valuable (price / as a technology / as an asset)
Has anyone ever researched this guy? https://en.wikipedia.org/wiki/Li_Ka-shing
He is quite old, at the age of 85 I would start spending this money! Look at this Net worth: US$31 billion (2012). If he would drop only 1B into Bitcoin..
He is quite old, at the age of 85 I would start spending this money! Look at this Net worth: US$31 billion (2012). If he would drop only 1B into Bitcoin..
$32 BN.. you can't really spend all of that money, unless maybe you bought islands or countries. btw, i think the king of thailand is probably a close 2nd. i think he's worth about $30 BN himself.
Has anyone ever researched this guy? https://en.wikipedia.org/wiki/Li_Ka-shing
He is quite old, at the age of 85 I would start spending this money! Look at this Net worth: US$31 billion (2012). If he would drop only 1B into Bitcoin..
He is quite old, at the age of 85 I would start spending this money! Look at this Net worth: US$31 billion (2012). If he would drop only 1B into Bitcoin..
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