Topic: Why aren't the worlds richest people buying up all the coins? - page 4. (Read 6322 times)
Bitcoin is too risky for them, they rather invest in a company and sell stuff.
If their value will increase like everyone thinks, why wouldn't they? To get more wealthy
Bitcoin trading volume has reduced! Your assumption is wrong, that everyone thinks this and that. For "reach" (large volume) people is liquidity very important! If they cant sell anytime, they will not buy to much!
But why Bitcoin volume has reduced???
You are using MtGox chart, that's why. People having withdrawal problem since few months back.
Serious question here. Bitcoin has more awareness now than ever, but why aren't people like bill gates and warren buffet just buying all of the coins?
Why aren't the same people buying all the gold, or any other thing that people typically invest in?A 51% attack controlled by opposition of Bitcoin would be fairly easy with the amount of resources these guys have.
Not sure how this relates to the previous question but ... Whether it would be "easy" for them or not is not relevant -- the question is "what can they accomplish that would justify a spending lots and lots of resources?"Why would they want BitCoins?
If their value will increase like everyone thinks, why wouldn't they? To get more wealthy
Clearly, not everyone thinks that. Especially not Warren Buffett and Bill Gates.
Really, with the amount of money they have, they can't make a meaningful investment in Bitcoins without completely distorting the price. So, they could buy in and push the price to $300, $500, or $1000, and it looks great on paper. But should they want to exit and enjoy that newfound wealth, selling out huge quantities would push the price back down to $120, $80 or even $40...
Them buying the coins could drive the price up to the level that they wouldn't be able to afford.
The only feasible way they could do this would be by contacting large BTC holders and buying it directly from them, at the same time hoping none of them communicate with each other about this. But as large BTC holders are usually exchanges or businesses which manage other peoples' money, and with many people no longer having access to their wallets from 2009 or 2010, I doubt the richest would succeed in this endeavour.
The only feasible way they could do this would be by contacting large BTC holders and buying it directly from them, at the same time hoping none of them communicate with each other about this. But as large BTC holders are usually exchanges or businesses which manage other peoples' money, and with many people no longer having access to their wallets from 2009 or 2010, I doubt the richest would succeed in this endeavour.
If their value will increase like everyone thinks, why wouldn't they? To get more wealthy
Bitcoin trading volume has reduced! Your assumption is wrong, that everyone thinks this and that. For "reach" (large volume) people is liquidity very important! If they cant sell anytime, they will not buy to much!
But why Bitcoin volume has reduced???
Why would they want BitCoins?
If their value will increase like everyone thinks, why wouldn't they? To get more wealthy
Why would they want BitCoins?
Hey guys,
Serious question here. Bitcoin has more awareness now than ever, but why aren't people like bill gates and warren buffet just buying all of the coins?
Do you ever wonder that? Like you would think they would be buying up all the coins, and the market cap would be tens of billions right now. Maybe they are going to war against Bitcoin?
A 51% attack controlled by opposition of Bitcoin would be fairly easy with the amount of resources these guys have.
Whats your opinion?
Serious question here. Bitcoin has more awareness now than ever, but why aren't people like bill gates and warren buffet just buying all of the coins?
Do you ever wonder that? Like you would think they would be buying up all the coins, and the market cap would be tens of billions right now. Maybe they are going to war against Bitcoin?
A 51% attack controlled by opposition of Bitcoin would be fairly easy with the amount of resources these guys have.
Whats your opinion?
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