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Title: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Hydrogen on April 21, 2017, 06:46:19 PM Quote Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. "Ten percent of my net worth is in this space," Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he's a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008. It's the "best investment of my life," Novogratz said. Bitcoin was worth under $500 a year ago. Today the digital currency trades at over $1,200. Back in 2013, Novogratz predicted Bitcoin's value would soar. He remembers people laughing at him at the time. Since then, Bitcoin's price has been on a wild run. It surged to nearly $1,000 in late 2013 and then fell to under $250 in 2015. It started to fly again last year, around the time of the Brexit vote. It surpassed $1,000 in January of this year again and has kept climbing. Now Novogratz is saying Bitcoin will go to $2,000. But he also warned the Harvard Business School Club crowd that there will "likely be a bubble" in digital currencies. The best way to handle it, he argues, is the old Wall Street trick of diversification. Put a little money in a lot of different plays in digital currency. For example, Novogratz was also an early investor in Ether. It's another digital currency that has quickly emerged as the No. 2 rival to Bitcoin. Novogratz says he bought Ether when it was trading for about $1. Today it's worth over $48. Novogratz met Vitalik Buterin, the young Russian brainchild behind Ether at a dinner party at a prominent CEO's home. He recalls that Buterin, then 21, showed up late, which struck him as shocking -- and a bit ballsy. He figured it was worth paying attention to Buterin. Ether is a currency with a "smart contract" function that gives users additional security and abilities to transfer information in addition to monetary value. We're witnessing the "3rd inning" of this digital asset revolution, Novogratz predicts. He's not exactly sure how it will play out, but he plans to continue investing in digital currencies and Blockchain, the revolutionary technology behind the scenes that makes Bitcoin work. Blockchain is literally a digital ledger to record and track transactions. What makes it so technologically advanced is that multiple companies or parties can access the Blockchain and see the history of what happened to an asset. Novogratz has emerged as one of the biggest Wall Street cheerleaders of Blockchain, but his bets haven't always gone so well. He exited Fortress in 2015 after the company shut down his Marco Fund for poor performance. It lost around 20% in its final year after his investments in emerging markets, especially Brazil, tanked. "We have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results," Novogratz said at the time. http://money.cnn.com/2017/04/20/investing/mike-novogratz-bets-big-on-bitcoin-ether-blockchain/index.html That's one confirmed billionaire betting big on crypto. I wonder how many others there are who aren't publicly invested yet have a lot riding on btc. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: btcdevil on April 21, 2017, 07:12:09 PM If i am not wrong their are so many rich peoples who have invested in Bitcoin and other altcoins seeing their potential but due to government issues they cannot disclose it openly.
In this comment it is also given a hint that which ever investment this rich guy has done have gone in loss so it may also be that as he has entered in the bitcoin and ETH market so we can see some selling pressure and down grade of the price of both coins Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: bartolo on April 21, 2017, 07:14:44 PM Surely there will be more millionaires investing in bitcoin because they see a chance to make money. What happens is that these people usually do not go around saying where they have invested nor how much.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Sempiternals on April 21, 2017, 08:04:37 PM Novogratz has risen as one of the greatest Wall Street team promoters of Blockchain, yet his wagers haven't generally gone so well. He left Fortress in 2015 after the organization close down his Marco Fund for poor execution. It lost around 20% in its last year after his interests in developing markets, particularly Brazil, failed.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Gleb Gamow on April 21, 2017, 08:23:28 PM Mike Novogratz has 10% of his net worth invested in Bitcoin and Ethereum.
A = Mike Novogratz's net worth at $1B+ $1B+ X .10 = $100M+ B = Current market cap of ALL altcoins = $29.5M+ A > B by a magnitude of? (you do the math) Q.E.D. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: aardvark15 on April 21, 2017, 08:26:01 PM I wonder how much of that 10% is in Bitcoin and how much is in Etherium. He also said to diversify but only talked about those 2 coins so I wonder if he will buy other altcoins as well.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: aardvark15 on April 21, 2017, 08:29:08 PM Mike Novogratz has 10% of his net worth invested in Bitcoin and Ethereum. A = Mike Novogratz's net worth at $1B+ $1B+ X .10 = $100M+ B = Current market cap of ALL altcoins = $29.5M+ A > B by a magnitude of? (you do the math) Q.E.D. He declined to say how much he is actually worth, so maybe you just figured out that he's not really a billionaire. Or he could be exaggerating the percentage of his net worth that is in cryptocurrencies. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Iranus on April 21, 2017, 08:48:51 PM Mike Novogratz has 10% of his net worth invested in Bitcoin and Ethereum. Oh no, someone can't read numbers right. I think you'll find it's 29.5 billion, not 29.5 million (https://coinmarketcap.com/charts/).A = Mike Novogratz's net worth at $1B+ $1B+ X .10 = $100M+ B = Current market cap of ALL altcoins = $29.5M+ A > B by a magnitude of? (you do the math) Q.E.D. Bitcoin's market cap being worth less than 100 million dollars would mean it was practically worthless on a global level, which it's not. You should check your own maths very carefully before you get too arrogant. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: scox on April 21, 2017, 08:56:08 PM ~snip Just to add on the previous remarks above... I feel none have understood the meaning of "being a billionaire" or Net Worth. Net worth is the cumulative value of all your possessions, houses, investments or stocks... Liquidity is a radically different concept... billionaires, as very few at all, have anything more than a few million in the bank. No one keeps huge amounts of cash un-invested. When the guy says "10% of his money is in bitcoin" he means 10% of his liquidity is in bitcoin, not 10% of his worth is constituted by his bitcoin possessions' value Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: European Central Bank on April 21, 2017, 08:59:10 PM i admire the balls, but 10% is a stupid amount if the sum is high. he'll be stuck with paper profits if it really goes high.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: JanpriX on April 21, 2017, 09:00:17 PM Well, somehow, this doesn't surprise me at all. Bitcoin proved from time to time that it is one of the best performing currency in the world especially in the last 3 years. From this information, people who have money just sitting in their own bank accounts could easily invest in Bitcoin. This would provide them more money in the long run. And I think they are doing the right thing. Bitcoin is a very good "investment" for the future.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Haladay on April 21, 2017, 09:10:49 PM If Buffet looked at investing in bitcoin and altcoins, the market cap would boom around 10% instantly.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: European Central Bank on April 21, 2017, 09:12:10 PM If Buffet looked at investing in bitcoin and altcoins, the market cap would boom around 10% instantly. the reason people like that are richer than the rest of us is that they don't telegraph their moves. and if they actually make moves, we don't hear about it until years afterwards. i think we might be surprised who has a bitcoin stash. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Haladay on April 21, 2017, 09:17:22 PM If Buffet looked at investing in bitcoin and altcoins, the market cap would boom around 10% instantly. the reason people like that are richer than the rest of us is that they don't telegraph their moves. and if they actually make moves, we don't hear about it until years afterwards. i think we might be surprised who has a bitcoin stash. That's a good point of view! I strongly agree with you. We would hear the news 1 or 2 years after a celebrity invested huge amount of Money in coins. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: uneng on April 21, 2017, 09:18:40 PM For a billionaire, if he is really one, it's a good experience to adopt crypto currencies and see what happens. Even the currencies lose price he won't suffer, as he has much more money to recover his losses.
But if I were he I would invest majority in bitcoin, investing in altcoins ony few percents like 1% by 3%. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: LittleBitFunny on April 21, 2017, 09:21:56 PM For a billionaire, if he is really one, it's a good experience to adopt crypto currencies and see what happens. Even the currencies lose price he won't suffer, as he has much more money to recover his losses. It just said he invested in Ethereum when the price was $1. That would be an increase of 5000%, not 1% or 3%.But if I were he I would invest majority in bitcoin, investing in altcoins ony few percents like 1% by 3%. Altcoins can be extremely profitable and raise by extremely high amounts in certain circumstances and with certain coins. Clearly Novogratz is good enough at spotting major coins with future potential. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: European Central Bank on April 21, 2017, 09:23:21 PM For a billionaire, if he is really one, it's a good experience to adopt crypto currencies and see what happens. most of these billionaires, especially tech ones, will only be billionaires on paper. most of their 'wealth' will be tied up in stock and unicorns. funnily enough if they tried to turn it into hard cash they'd destroy the price just the same as crypto. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Layla Mckenzie on April 21, 2017, 09:27:05 PM I guess it's a good thing to know that a billionaire trust his money to btc, and invest on it. It makes feel more sure about it, and use it even more :)
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: aardvark15 on April 21, 2017, 09:30:47 PM ~snip Just to add on the previous remarks above... I feel none have understood the meaning of "being a billionaire" or Net Worth. Net worth is the cumulative value of all your possessions, houses, investments or stocks... Liquidity is a radically different concept... billionaires, as very few at all, have anything more than a few million in the bank. No one keeps huge amounts of cash un-invested. When the guy says "10% of his money is in bitcoin" he means 10% of his liquidity is in bitcoin, not 10% of his worth is constituted by his bitcoin possessions' value He actually said "Ten percent of my net worth is in this space". That's a huge amount of money if he has $1 billion or more. Who knows if he is telling the truth though. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Gleb Gamow on April 21, 2017, 09:51:35 PM Mike Novogratz has 10% of his net worth invested in Bitcoin and Ethereum. Oh no, someone can't read numbers right. I think you'll find it's 29.5 billion, not 29.5 million (https://coinmarketcap.com/charts/).A = Mike Novogratz's net worth at $1B+ $1B+ X .10 = $100M+ B = Current market cap of ALL altcoins = $29.5M+ A > B by a magnitude of? (you do the math) Q.E.D. Bitcoin's market cap being worth less than 100 million dollars would mean it was practically worthless on a global level, which it's not. You should check your own maths very carefully before you get too arrogant. Dude, I did check my math prior to publishing. I just didn't double- or triple-check the math is all. I'm such a Lugan! :o Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: RoommateAgreement on April 22, 2017, 02:39:53 AM there is no doubt that there are so many rich people (millionaires or more) are supporting ethereum, we have all seen the pumps and how they throw their money in, when the dumping time comes. you can't hide these things.
but bitcoin, i don't think so. because a billionaire is looking for a big profit and the pump of ethereum that they can control gives them that that is the whole reason of controlling 75 million coins yourself!!! but with bitcoin they will just be a moderate size whale because of the distribution of bitcoin. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Hydrogen on April 22, 2017, 06:14:26 PM Litecoin hovered around $3 for a long time.
Maybe it is possible to tell when whales decided to pump LTC up to $14. I'm glad these guys are on our side. :D Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Red-Apple on April 23, 2017, 01:06:15 PM this is actually bad news in my opinion. because it simply means that we have a big whale that can easily top with bitcoin price. 10% of a Billionaire's money means a lot of bitcoin and it is ridiculous since it was bought while it was less than half the current price.
although i should add that this article is another one of Ethereum's guy's tactics to advertise their coin. like the time they published a fake news about hackers hacking Apple and demanding they pay them in ether. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: stompix on April 23, 2017, 01:12:44 PM Sorry to say it but there are a few guys I would prefer not to see investing in bitcoins.
And guys that have connections to GS are on that list. Of course there is nothing you can do about it, and it's just my opinion. But hell I'm comfortable with a trader involved in shady businesses owning 100 or so worth of bitcoins at current prices. Which would be 100 000 btc if i'm right. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: staff_1307 on April 23, 2017, 01:41:00 PM Very clever move from his side, and this proves the fact that while others laughed since him, he invested, and earned money.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: dinofelis on April 23, 2017, 01:48:35 PM That's one confirmed billionaire betting big on crypto. I wonder how many others there are who aren't publicly invested yet have a lot riding on btc. Well, that's $100 million in the hands of one guy. If there are 200 of him around, all of bitcoin is in the hands of a few billionaires, so it must be less than 200. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Juggy777 on April 23, 2017, 01:52:09 PM Quote Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. "Ten percent of my net worth is in this space," Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he's a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008. It's the "best investment of my life," Novogratz said. Bitcoin was worth under $500 a year ago. Today the digital currency trades at over $1,200. Back in 2013, Novogratz predicted Bitcoin's value would soar. He remembers people laughing at him at the time. Since then, Bitcoin's price has been on a wild run. It surged to nearly $1,000 in late 2013 and then fell to under $250 in 2015. It started to fly again last year, around the time of the Brexit vote. It surpassed $1,000 in January of this year again and has kept climbing. Now Novogratz is saying Bitcoin will go to $2,000. But he also warned the Harvard Business School Club crowd that there will "likely be a bubble" in digital currencies. The best way to handle it, he argues, is the old Wall Street trick of diversification. Put a little money in a lot of different plays in digital currency. For example, Novogratz was also an early investor in Ether. It's another digital currency that has quickly emerged as the No. 2 rival to Bitcoin. Novogratz says he bought Ether when it was trading for about $1. Today it's worth over $48. Novogratz met Vitalik Buterin, the young Russian brainchild behind Ether at a dinner party at a prominent CEO's home. He recalls that Buterin, then 21, showed up late, which struck him as shocking -- and a bit ballsy. He figured it was worth paying attention to Buterin. Ether is a currency with a "smart contract" function that gives users additional security and abilities to transfer information in addition to monetary value. We're witnessing the "3rd inning" of this digital asset revolution, Novogratz predicts. He's not exactly sure how it will play out, but he plans to continue investing in digital currencies and Blockchain, the revolutionary technology behind the scenes that makes Bitcoin work. Blockchain is literally a digital ledger to record and track transactions. What makes it so technologically advanced is that multiple companies or parties can access the Blockchain and see the history of what happened to an asset. Novogratz has emerged as one of the biggest Wall Street cheerleaders of Blockchain, but his bets haven't always gone so well. He exited Fortress in 2015 after the company shut down his Marco Fund for poor performance. It lost around 20% in its final year after his investments in emerging markets, especially Brazil, tanked. "We have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results," Novogratz said at the time. http://money.cnn.com/2017/04/20/investing/mike-novogratz-bets-big-on-bitcoin-ether-blockchain/index.html That's one confirmed billionaire betting big on crypto. I wonder how many others there are who aren't publicly invested yet have a lot riding on btc. Frankly not surprised that billioners are betting big on crypto currency but what I am surprised is that they are coming out in open, normally they would be hidden but this time openly coming and saying that's one very big positive for the Bitcoin community. I am very sure there are many who will be doing it and they will be surely be coming out in open as they continue to rise with the glory of Bitcoins. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: stompix on April 23, 2017, 01:58:09 PM It's great to see billionaire acknowledge bitcoin and other cryptocurrency even only as investment and i think there are many rich people who secretly invest/have bitcoin/other cryptocurrency to keep their investment save since cryptocurrency transaction can't be reversed/canceled :) I just hope those billionaire won't try to manipulate bitcoin market/price. Well, this is the problem. This billionaire has made his millions while betting on prices changes and I'm pretty damn sure he has done a lot of manipulation with his fellow GS friends. And now you're asking the wolf to change his diet just because he works has a wool factory. I would be a lot happier to see that there are 1 000 millionaires each investing 10% in bitcoins rather than one billionaire doing the same. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: bartolo on April 23, 2017, 02:02:18 PM It's great to see billionaire acknowledge bitcoin and other cryptocurrency even only as investment and i think there are many rich people who secretly invest/have bitcoin/other cryptocurrency to keep their investment save since cryptocurrency transaction can't be reversed/canceled :) I just hope those billionaire won't try to manipulate bitcoin market/price. Well, this is the problem. This billionaire has made his millions while betting on prices changes and I'm pretty damn sure he has done a lot of manipulation with his fellow GS friends. And now you're asking the wolf to change his diet just because he works has a wool factory. I would be a lot happier to see that there are 1 000 millionaires each investing 10% in bitcoins rather than one billionaire doing the same. In fact, these people with so much money who usually earn so much investing or in the stock market, do not earn that money because they are very smart and know where to invest but because they are people who have the power to manipulate the price at will for profit. This happens a lot with buying countries debt for example. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Denker on April 23, 2017, 02:02:59 PM ~snip Just to add on the previous remarks above... I feel none have understood the meaning of "being a billionaire" or Net Worth. Net worth is the cumulative value of all your possessions, houses, investments or stocks... Liquidity is a radically different concept... billionaires, as very few at all, have anything more than a few million in the bank. No one keeps huge amounts of cash un-invested. When the guy says "10% of his money is in bitcoin" he means 10% of his liquidity is in bitcoin, not 10% of his worth is constituted by his bitcoin possessions' value He actually said "Ten percent of my net worth is in this space". That's a huge amount of money if he has $1 billion or more. Who knows if he is telling the truth though. Not sure if he still is a billionaire. As far as I know that guy made his money during the financial crash in 2008 and later got fired. Furthermore I doubt he has made that much with his crypto investment so far. Maybe Vitalik gave him some discount or so. And now it seems to me he is doing some shilling because he is looking for new money coming in so his gains will increase. This is no critiques by the way. Big guys joining crypto, especially Bitcoin is always a good thing, if they plan to invest for some time and not speculate for some short quick profit. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: iram3130 on April 23, 2017, 05:30:52 PM I feel there are lots of rich people who have invested in bitcoins and other altcoins but will not openly support them because of many reasons, government policies, their company shareholders, the risk of Bitcoin market.
I don't think they'll ever say it openly but they all know that Bitcoin has good future. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Kprawn on April 23, 2017, 05:39:37 PM You would be stupid to ignore Bitcoin as a investment, if you consider that Bitcoin was the best performing "currency/commodity" in 2016 and the
best performing "currency" in 2015. Some of these investors will not admit it, but they too are heavily invested in Crypto Currencies. How do you explain the volume on Gemini. ??? Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: X7 on April 23, 2017, 05:41:20 PM Interesting, wall street money is making its way in.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: BitcoinPanther on April 23, 2017, 05:49:42 PM this is actually bad news in my opinion. because it simply means that we have a big whale that can easily top with bitcoin price. 10% of a Billionaire's money means a lot of bitcoin and it is ridiculous since it was bought while it was less than half the current price. although i should add that this article is another one of Ethereum's guy's tactics to advertise their coin. like the time they published a fake news about hackers hacking Apple and demanding they pay them in ether. It would be great to see billionaires investing in Bitcoin, they move rather really planned than those who invested to Bitcoin for quick profit (these are the people who crash the market. Having people like them, is quite reassuring because they definitely do not want their millions to go to waste. Rather they will actively promote their investment to increase the value of their holdings, thus a good thing for us since our holdings will increase in price too. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Shiroslullaby on April 23, 2017, 05:51:56 PM Anyone with a decent amount of money would be crazy not to invest in crypto.
Even if it was just a few percent of your total investments, the potential upside is too big to be ignored. If you are going to gamble on the stock market etc you might as well gamble on magic internet money as well. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: MingLee on April 23, 2017, 05:59:09 PM For a billionaire, if he is really one, it's a good experience to adopt crypto currencies and see what happens. most of these billionaires, especially tech ones, will only be billionaires on paper. most of their 'wealth' will be tied up in stock and unicorns. funnily enough if they tried to turn it into hard cash they'd destroy the price just the same as crypto. While they wouldn't destroy the value if they tried to turn it into cash, it would likely take them a while to edge their value out of the system so as not to crash it. They know what's valuable and what isn't, or at least, the people who manage their wealth know. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Clement Kaliyar on April 23, 2017, 06:15:11 PM Very clever move from his side, and this proves the fact that while others laughed since him, he invested, and earned money. He took a gamble and by investing ten percent of his billions means it is a lot of money and he took the risk to invest in the crypto currency market which is rather new.Only a few percentage of people will show these kind of risk and being a billionaire he has the leverage to do with the help of an advisor even if his investments were bad.Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: aTriz on April 23, 2017, 07:45:05 PM If Buffet looked at investing in bitcoin and altcoins, the market cap would boom around 10% instantly. the reason people like that are richer than the rest of us is that they don't telegraph their moves. and if they actually make moves, we don't hear about it until years afterwards. i think we might be surprised who has a bitcoin stash. Being discrete is a very important thing for such an elite unit, for example if Warren Buffet would like to go into some new business and everybody knows that, then most of the people hearing what is he doing, would follow his steps. Thats why he needs to fulfill his plans quietly. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: d.kevin29 on April 23, 2017, 08:39:17 PM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more.
But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: stompix on April 23, 2017, 08:48:37 PM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more. But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Pumps come along with dumps , that is the rule number one in crypto. If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Mometaskers on April 24, 2017, 12:11:49 AM Well I suppose if it's just 10% of his liquidity than he can probably afford to lose it. He got the leverage to take risks like this that would probably financially break most of us.
We can't blame people like him for investing in bitcoins and other cryptos. The price increase definitely caught the attention of the rich. Granted there are risks but these are hardened investors and they probably went through all the data first before making the decision. If Buffet looked at investing in bitcoin and altcoins, the market cap would boom around 10% instantly. the reason people like that are richer than the rest of us is that they don't telegraph their moves. and if they actually make moves, we don't hear about it until years afterwards. i think we might be surprised who has a bitcoin stash. True, we'd probably only know about it when they write it into a book, which of course we need to buy to be a bit more like them, LOL. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: d.kevin29 on April 24, 2017, 08:06:10 AM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more. But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Pumps come along with dumps , that is the rule number one in crypto. If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? It's not about what we're trying to do. Look at Litecoin, and you'll see how Charlie Lee's words were understood in the wrong way and that crashed the price. It is the reality and we cannot stop this, unfortunately. Governments will NEVER stop trying to make Bitcoin the least decentralized currency it has ever been.. Investors have been here since the price grew up that fast in 2013. Bitcoin's price is fluctuating right now both because of the real demand and because of investors speculating the price. Check the Bitcoin rich list. Do you think the first 5-10 peopld are just day 1 investors? I do not think so. Maybe one or two of them, but not all. If someone sold $150.000.000 in BTC, the price would fall for a while. Again, you cannot stop this. It's about trading, and where you find trading... You find whales caring just about their profits. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Yuuto on April 24, 2017, 09:16:30 AM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more. But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Pumps come along with dumps , that is the rule number one in crypto. If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? It's not about what we're trying to do. Look at Litecoin, and you'll see how Charlie Lee's words were understood in the wrong way and that crashed the price. It is the reality and we cannot stop this, unfortunately. Governments will NEVER stop trying to make Bitcoin the least decentralized currency it has ever been.. Investors have been here since the price grew up that fast in 2013. Bitcoin's price is fluctuating right now both because of the real demand and because of investors speculating the price. Check the Bitcoin rich list. Do you think the first 5-10 peopld are just day 1 investors? I do not think so. Maybe one or two of them, but not all. If someone sold $150.000.000 in BTC, the price would fall for a while. Again, you cannot stop this. It's about trading, and where you find trading... You find whales caring just about their profits. In fact, at the very beginning of cryptocurrency world, there was no real world demand on this kind of asset, most of the people interested abut that subject were simply enthusiasts, or people doing it for fun or because of the curiosity. Only after such a big boom over the internet, we could have seen increase of the real demand, people were actually looking for ways to get the bitcoin but not through mining. That has obviously created exchanges, markets and places where we can convert BTC to fiat, and reversed. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: MirkoIta on April 24, 2017, 09:23:55 AM Quote Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. "Ten percent of my net worth is in this space," Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he's a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008. It's the "best investment of my life," Novogratz said. Bitcoin was worth under $500 a year ago. Today the digital currency trades at over $1,200. Back in 2013, Novogratz predicted Bitcoin's value would soar. He remembers people laughing at him at the time. Since then, Bitcoin's price has been on a wild run. It surged to nearly $1,000 in late 2013 and then fell to under $250 in 2015. It started to fly again last year, around the time of the Brexit vote. It surpassed $1,000 in January of this year again and has kept climbing. Now Novogratz is saying Bitcoin will go to $2,000. But he also warned the Harvard Business School Club crowd that there will "likely be a bubble" in digital currencies. The best way to handle it, he argues, is the old Wall Street trick of diversification. Put a little money in a lot of different plays in digital currency. For example, Novogratz was also an early investor in Ether. It's another digital currency that has quickly emerged as the No. 2 rival to Bitcoin. Novogratz says he bought Ether when it was trading for about $1. Today it's worth over $48. Novogratz met Vitalik Buterin, the young Russian brainchild behind Ether at a dinner party at a prominent CEO's home. He recalls that Buterin, then 21, showed up late, which struck him as shocking -- and a bit ballsy. He figured it was worth paying attention to Buterin. Ether is a currency with a "smart contract" function that gives users additional security and abilities to transfer information in addition to monetary value. We're witnessing the "3rd inning" of this digital asset revolution, Novogratz predicts. He's not exactly sure how it will play out, but he plans to continue investing in digital currencies and Blockchain, the revolutionary technology behind the scenes that makes Bitcoin work. Blockchain is literally a digital ledger to record and track transactions. What makes it so technologically advanced is that multiple companies or parties can access the Blockchain and see the history of what happened to an asset. Novogratz has emerged as one of the biggest Wall Street cheerleaders of Blockchain, but his bets haven't always gone so well. He exited Fortress in 2015 after the company shut down his Marco Fund for poor performance. It lost around 20% in its final year after his investments in emerging markets, especially Brazil, tanked. "We have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results," Novogratz said at the time. http://money.cnn.com/2017/04/20/investing/mike-novogratz-bets-big-on-bitcoin-ether-blockchain/index.html That's one confirmed billionaire betting big on crypto. I wonder how many others there are who aren't publicly invested yet have a lot riding on btc. What I would like to know more from the billionaire Mike Novogratz would be how much of his richies came from buying bitcoins and altcoins low. Since he says cryptos was the best investment of his life I suppose he is not dumping 10% of his net worth at these bitcoins prices. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: DoublerHunter on April 24, 2017, 09:54:55 AM This is a big news for bitcoin for getting a big investor to this industry and this is also a good example for people out there who are keep doubting bitcoin because of the possible bad things that can happen. Bitcoin is one of the youngest stocks in the market but it is very volatile and the price is almost been tripled since last year and that is why most of the business minded people are keep coming to bitcoin and leaving their doubts and fears behind them.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: d.kevin29 on April 24, 2017, 10:07:43 AM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more. But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Pumps come along with dumps , that is the rule number one in crypto. If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? It's not about what we're trying to do. Look at Litecoin, and you'll see how Charlie Lee's words were understood in the wrong way and that crashed the price. It is the reality and we cannot stop this, unfortunately. Governments will NEVER stop trying to make Bitcoin the least decentralized currency it has ever been.. Investors have been here since the price grew up that fast in 2013. Bitcoin's price is fluctuating right now both because of the real demand and because of investors speculating the price. Check the Bitcoin rich list. Do you think the first 5-10 peopld are just day 1 investors? I do not think so. Maybe one or two of them, but not all. If someone sold $150.000.000 in BTC, the price would fall for a while. Again, you cannot stop this. It's about trading, and where you find trading... You find whales caring just about their profits. In fact, at the very beginning of cryptocurrency world, there was no real world demand on this kind of asset, most of the people interested abut that subject were simply enthusiasts, or people doing it for fun or because of the curiosity. Only after such a big boom over the internet, we could have seen increase of the real demand, people were actually looking for ways to get the bitcoin but not through mining. That has obviously created exchanges, markets and places where we can convert BTC to fiat, and reversed. Most early adopters sold their BTC as soon as it reached a price of $10, $100 or $1000 (2013). You buy a Litecoin now for $14. If tomorrow it goes to $140, you'd sell it before the price crashes. You have to be extremely lucky not to do so and wait until it gets to $1400. Except this, most people sold their BTC as soon as the price crashed in 2013 from $1300 to $500 (if I'm correct - I don't remember what the price was exactly), because of the fear it'd fall back to the 2010-2011 level. This was even me, because I bought in 2013's winter when it reached the ATH and sold a few months later. I sold it by buying a game which was worth $60. I paid $60 at the time, but now the transaction shows I actually paid $200 because of the BTC price difference. The fact that these kinds of rich BTC people are constantly sending AND receiving transactions worth MILLIONS shows us how these guys are either traders or millionaires/billionaires playing with the money. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: bryant.coleman on April 24, 2017, 10:21:54 AM Personally, I dislike Michael Novogratz due to his links to the Democrat party. Also, I am not impressed by his past investments (during the 2008-12 period, he lost almost 80% of his net wealth, thanks to his disastrous investment in the Fortress group). But as they say, any type of publicity is going to be good for Bitcoin. While I dislike Novogratz personally, I fully support his investments in the cryptocurrency. I hope that he will be able to make up for the past losses from these investments.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: MirkoIta on April 24, 2017, 10:22:46 AM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more. But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Pumps come along with dumps , that is the rule number one in crypto. If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? It's not about what we're trying to do. Look at Litecoin, and you'll see how Charlie Lee's words were understood in the wrong way and that crashed the price. It is the reality and we cannot stop this, unfortunately. Governments will NEVER stop trying to make Bitcoin the least decentralized currency it has ever been.. Investors have been here since the price grew up that fast in 2013. Bitcoin's price is fluctuating right now both because of the real demand and because of investors speculating the price. Check the Bitcoin rich list. Do you think the first 5-10 peopld are just day 1 investors? I do not think so. Maybe one or two of them, but not all. If someone sold $150.000.000 in BTC, the price would fall for a while. Again, you cannot stop this. It's about trading, and where you find trading... You find whales caring just about their profits. In fact, at the very beginning of cryptocurrency world, there was no real world demand on this kind of asset, most of the people interested abut that subject were simply enthusiasts, or people doing it for fun or because of the curiosity. Only after such a big boom over the internet, we could have seen increase of the real demand, people were actually looking for ways to get the bitcoin but not through mining. That has obviously created exchanges, markets and places where we can convert BTC to fiat, and reversed. Most early adopters sold their BTC as soon as it reached a price of $10, $100 or $1000 (2013). You buy a Litecoin now for $14. If tomorrow it goes to $140, you'd sell it before the price crashes. You have to be extremely lucky not to do so and wait until it gets to $1400. Except this, most people sold their BTC as soon as the price crashed in 2013 from $1300 to $500 (if I'm correct - I don't remember what the price was exactly), because of the fear it'd fall back to the 2010-2011 level. This was even me, because I bought in 2013's winter when it reached the ATH and sold a few months later. I sold it by buying a game which was worth $60. I paid $60 at the time, but now the transaction shows I actually paid $200 because of the BTC price difference. The fact that these kinds of rich BTC people are constantly sending AND receiving transactions worth MILLIONS shows us how these guys are either traders or millionaires/billionaires playing with the money. The price crashed down to 250 or so USD after going to 1000. I think a lot of early adopters that sold all or part of their bitcoins around 1000$ the first time rebought even more between 250-400$ still keeping a lot of profits made in the first run. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: SaShiRaJaVu on April 24, 2017, 11:26:05 AM Pumps come along with dumps , that is the rule number one in crypto. With every bull run there will be a correction and it is the case with every trade,be it in stock market or in the crypto world, it is part and parcel of the economy and people who have experience in trading understand these traits and big investors are not fool not to understand these simple things. Bitcoin being a global currency many things influence the price of bitcoin and a simple news could trigger the price but as long as the concept is strong if will rise higher.If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: tiggytomb on April 24, 2017, 11:31:07 AM Not surprised that himself and probably a lot of wealthy people are looking at digital currencies, sounds like he made a killing on ETH.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: d.kevin29 on April 24, 2017, 11:42:49 AM This could help BTC's price in a positive way: people could be starting to trust Bitcoin more and more. But I'm pretty sure this is just one of the many big investors that put their money in cryptocurrencies. Just look at the big pump and dump schemes. Deposit $100k and buy a small coin - you'd drive the price to +10000% in minutes. If you have the money you need to pump it .. you can, at any time. Regarding dumps, imagine now the same guy selling his $100k coins, now probably worth +$300k.... It would be impossible for the price to remain unchanged. Most investors hide their key investments... Maybe this guy wants to drive the price higher for him to profit off it. Look at an important person's speech live while also having the live Gold price next to it. One word can change the price from negative to positive and vice-versa. You might have not thought about it, but... Yes, every single word matters. Pumps come along with dumps , that is the rule number one in crypto. If you think you can attract people because of the constant pumps be sure that you're also discouraging people who lose their money during dumps. And again you think that people will trust a currency that fluctuates because of government or investors speeches instead of real world demand? This is how fiat works , are we trying to replicate everything that is wrong with it? It's not about what we're trying to do. Look at Litecoin, and you'll see how Charlie Lee's words were understood in the wrong way and that crashed the price. It is the reality and we cannot stop this, unfortunately. Governments will NEVER stop trying to make Bitcoin the least decentralized currency it has ever been.. Investors have been here since the price grew up that fast in 2013. Bitcoin's price is fluctuating right now both because of the real demand and because of investors speculating the price. Check the Bitcoin rich list. Do you think the first 5-10 peopld are just day 1 investors? I do not think so. Maybe one or two of them, but not all. If someone sold $150.000.000 in BTC, the price would fall for a while. Again, you cannot stop this. It's about trading, and where you find trading... You find whales caring just about their profits. In fact, at the very beginning of cryptocurrency world, there was no real world demand on this kind of asset, most of the people interested abut that subject were simply enthusiasts, or people doing it for fun or because of the curiosity. Only after such a big boom over the internet, we could have seen increase of the real demand, people were actually looking for ways to get the bitcoin but not through mining. That has obviously created exchanges, markets and places where we can convert BTC to fiat, and reversed. Most early adopters sold their BTC as soon as it reached a price of $10, $100 or $1000 (2013). You buy a Litecoin now for $14. If tomorrow it goes to $140, you'd sell it before the price crashes. You have to be extremely lucky not to do so and wait until it gets to $1400. Except this, most people sold their BTC as soon as the price crashed in 2013 from $1300 to $500 (if I'm correct - I don't remember what the price was exactly), because of the fear it'd fall back to the 2010-2011 level. This was even me, because I bought in 2013's winter when it reached the ATH and sold a few months later. I sold it by buying a game which was worth $60. I paid $60 at the time, but now the transaction shows I actually paid $200 because of the BTC price difference. The fact that these kinds of rich BTC people are constantly sending AND receiving transactions worth MILLIONS shows us how these guys are either traders or millionaires/billionaires playing with the money. The price crashed down to 250 or so USD after going to 1000. I think a lot of early adopters that sold all or part of their bitcoins around 1000$ the first time rebought even more between 250-400$ still keeping a lot of profits made in the first run. When so many people sell in such a huge quantity, you never know whether there will be anyone buying that much again soon. So after they sold that much, it took 3 years for the price to get back up to what it was then. So when the price falls that much, people sell in panic. You're one of the lucky investors that bought BEFORE it reached $1000. I remember the same panic I had in 2015 when the price reached $270. Now I totally regret selling everything I had, and this thing will probably not occur again too soon. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Jammalan the Prophet on April 24, 2017, 11:43:46 AM This is a big news for bitcoin for getting a big investor to this industry and this is also a good example for people out there who are keep doubting bitcoin because of the possible bad things that can happen. Bitcoin is one of the youngest stocks in the market but it is very volatile and the price is almost been tripled since last year and that is why most of the business minded people are keep coming to bitcoin and leaving their doubts and fears behind them. So many words.... So little content... So little message... Words of an infidel. You would have helped us a lot more by posting a wikipedia link. Seriously. And further more: Bitcoin is not stocks!!!!!! Maybe the stock market has changed in the last year but I really doubt it wall street has become cryptostreet. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: ivanpoldark on April 24, 2017, 12:51:38 PM I was confused about Mike's words about Bitcoin "likely be a bubble". When about do you think that bubble with bitcoin could happen?
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: countryfree on April 24, 2017, 10:43:07 PM 10%? And how much has he invested to reach that?
I invested about 3% of my fortune in BTC, a while ago. Now my BTC represent about 20% of my fortune. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: randomdude on April 24, 2017, 10:55:56 PM A = Mike Novogratz's net worth at $1B+ According to coinmarketcap.com, the market cap on Ethereum alone is $4.5B. At the time of writing this, there are 10 altcoins (including bitcoin) with $100M+ market cap each.$1B+ X .10 = $100M+ B = Current market cap of ALL altcoins = $29.5M+ A > B by a magnitude of? (you do the math) Q.E.D. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: BillyBobZorton on April 24, 2017, 11:15:48 PM Bitcoin alone has a 20+ billion marketcap, I don't see why this couldn't be real, I think he is not frauding, im sure a lot of rich people are taking big positions on bitcoin. Not so sure about putting so much money on ethereum tho. If I was a billionaire I would put 10% on BTC alone.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: xuan87 on April 24, 2017, 11:20:59 PM I am sure there are a lot of millionaires is investing in bitcoin, because bitcoin really generate profit for them, only by keep them and sell in the right time they can earn a lot, the rising price is very fast, I am sure the millionaire sees bitcoin as a very valuable asset, if all millionaire is investing in bitcoin then we can rest assured that bitcoin will have a great price in the future
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Clement Kaliyar on April 24, 2017, 11:28:29 PM This is a big news for bitcoin for getting a big investor to this industry and this is also a good example for people out there who are keep doubting bitcoin because of the possible bad things that can happen. Bitcoin is one of the youngest stocks in the market but it is very volatile and the price is almost been tripled since last year and that is why most of the business minded people are keep coming to bitcoin and leaving their doubts and fears behind them. I am not sure people will be doubting bitcoin and its technology now.The days of high volatile is gone and now a days we see a stable growth and i guess it is simply because there are more people in the bitcoin system than before and it is hard for the kind of manipulations they did in the past.The price of bitcoin has tripled within the past one year and this is the best investment for a long time.Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: 7788bitcoin on April 25, 2017, 04:16:53 AM A = Mike Novogratz's net worth at $1B+ According to coinmarketcap.com, the market cap on Ethereum alone is $4.5B. At the time of writing this, there are 10 altcoins (including bitcoin) with $100M+ market cap each.$1B+ X .10 = $100M+ B = Current market cap of ALL altcoins = $29.5M+ A > B by a magnitude of? (you do the math) Q.E.D. My math - let me know if it is wrong: Today's values: Bitcoin market cap = $20.3B Ether market cap = $4.5B Information from Wikipedia: "By 2012, after the decline of Fortress' stock price, his net worth had shrunk to $500 million". Mike Novogratz's net worth at $0.5B, therefore 10% will be $50M. Assuming that he really put 80% in BTC (@$1200) and 20% in ETH ($50), he is holding about 33k BTC and 200k ETH. Does this make sense? Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: btccashacc on April 25, 2017, 07:18:52 AM If i am not wrong their are so many rich peoples who have invested in Bitcoin and other altcoins seeing their potential but due to government issues they cannot disclose it openly. I'm really scared if these people have invested on bitcoin or another coin like etherum, we all know that with their money they can dump or pump those coins anytime they want, it's gonna make a deep gap if they "the richest people" sell their coins or the good thing is the price would be sky rocket if they pumped those coins, like someone assuming above about Mike's assets, holding 33k bitcoins and 200K etherums well all i can say they have ultimate control over those coins.In this comment it is also given a hint that which ever investment this rich guy has done have gone in loss so it may also be that as he has entered in the bitcoin and ETH market so we can see some selling pressure and down grade of the price of both coins Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: DoublerHunter on April 25, 2017, 10:28:36 AM If i am not wrong their are so many rich peoples who have invested in Bitcoin and other altcoins seeing their potential but due to government issues they cannot disclose it openly. I'm really scared if these people have invested on bitcoin or another coin like etherum, we all know that with their money they can dump or pump those coins anytime they want, it's gonna make a deep gap if they "the richest people" sell their coins or the good thing is the price would be sky rocket if they pumped those coins, like someone assuming above about Mike's assets, holding 33k bitcoins and 200K etherums well all i can say they have ultimate control over those coins.In this comment it is also given a hint that which ever investment this rich guy has done have gone in loss so it may also be that as he has entered in the bitcoin and ETH market so we can see some selling pressure and down grade of the price of both coins Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: bryant.coleman on April 25, 2017, 10:57:50 AM Bitcoin alone has a 20+ billion marketcap, I don't see why this couldn't be real, I think he is not frauding, im sure a lot of rich people are taking big positions on bitcoin. Not so sure about putting so much money on ethereum tho. If I was a billionaire I would put 10% on BTC alone. Why not? During the last 18 months, Bitcoin has given 400% profit for its investors ($250 per coin to $1,250 per coin). On the other hand, Ether has given more than 5,000% returns ($1 per coin in January 2016, to $50 per coin right now). So he may be right about Ether. Who are we to advise him? After all, he managed to multiply his investments by many times in the past. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: bartolo on April 25, 2017, 10:59:20 AM If i am not wrong their are so many rich peoples who have invested in Bitcoin and other altcoins seeing their potential but due to government issues they cannot disclose it openly. I'm really scared if these people have invested on bitcoin or another coin like etherum, we all know that with their money they can dump or pump those coins anytime they want, it's gonna make a deep gap if they "the richest people" sell their coins or the good thing is the price would be sky rocket if they pumped those coins, like someone assuming above about Mike's assets, holding 33k bitcoins and 200K etherums well all i can say they have ultimate control over those coins.In this comment it is also given a hint that which ever investment this rich guy has done have gone in loss so it may also be that as he has entered in the bitcoin and ETH market so we can see some selling pressure and down grade of the price of both coins The danger that rich people invest in bitcoin may be that, when they want money to make a profit soon or to invest in something else, they can negatively influence the price by selling everything at once. However bitcoin is not like the shares of a company, it is difficult for a single person or two to have enough percentage of bitcoin accumulated to influence too much on the price if they sell. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Hydrogen on May 02, 2017, 11:39:31 PM I wonder if Mike Novogratz publicly disclosing his crypto investments is behind the recent btc all time high. Maybe people have more confidence in bitcoin knowing there are big time investors committing to it? Looks like bitcoin could be on its way up @ $1,400. Nice!
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Mbokani on May 02, 2017, 11:57:08 PM I wonder if Mike Novogratz publicly disclosing his crypto investments is behind the recent btc all time high. Maybe people have more confidence in bitcoin knowing there are big time investors committing to it? Looks like bitcoin could be on its way up @ $1,400. Nice! No way his revelation could elevate a sudden interest in the volumes ,the recent spike is simply because of the Japanese investors as they are pumping in huge amount of money in bitcoin and so is the reason we are seeing more volumes from the Japanese exchanges than the rest of the world.If Mike has invested in crypto currencies it is good for him. :PTitle: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: tleilaxu_eyes on May 03, 2017, 02:26:45 AM Vitalik showed up late to meet a billlionaire, that's just too good. . . But just a small point, he claims he has 10% in the crypto "space", which means it's not all in coins most likely.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: shamzblueworld on May 03, 2017, 04:50:47 AM Only 10%? I think with his money, he could afford risking more, maybe 50%. He should know that the more he invests into bitcoin, the more chances he will have of doubling that.
And secondly he maybe the only one to go public about it, I think there will be many many more, if not billionaires then surely the business people and tech guys and and people who have actually hired people to invest in crypto currencies, I'm surely there are many like that. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: DoublerHunter on May 03, 2017, 09:19:22 AM Only 10%? I think with his money, he could afford risking more, maybe 50%. He should know that the more he invests into bitcoin, the more chances he will have of doubling that. He is a smart person and a smart person doesn't want a lot of risks in investment, the 10% would be enough for him to get a lot of bitcoins because take note, that he is a billionaire and that is a lot of money to put in bitcoin so if he is keep holding his bitcoin then he already made a lot of profit without doing anything but just loving bitcoin.And secondly he maybe the only one to go public about it, I think there will be many many more, if not billionaires then surely the business people and tech guys and and people who have actually hired people to invest in crypto currencies, I'm surely there are many like that. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: stompix on May 03, 2017, 12:55:00 PM I wonder if Mike Novogratz publicly disclosing his crypto investments is behind the recent btc all time high. Maybe people have more confidence in bitcoin knowing there are big time investors committing to it? Looks like bitcoin could be on its way up @ $1,400. Nice! No way his revelation could elevate a sudden interest in the volumes ,the recent spike is simply because of the Japanese investors as they are pumping in huge amount of money in bitcoin and so is the reason we are seeing more volumes from the Japanese exchanges than the rest of the world.If Mike has invested in crypto currencies it is good for him. :PSource for this claim about the "japanese investors" ? Please don't start with stories like the last major rise which was caused by people in Cyprus buying bitcoins. We all know how these stories are always inflated and contain less than 00.1% Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Ashton69 on May 03, 2017, 12:58:21 PM Top Cleaning London Cleaning Service has been designed to set and provide new standards in professional home cleaning, house cleaning, domestic cleaning, carpet cleaning, rug cleaning, upholstery cleaning, office cleaning, builders cleaning, end of tenancy cleaning, move in/out cleaning, deep cleaning, spring cleaning, eco cleaning services, eco-green cleaning services.
Top Cleaning London Cleaning Service has been trusted by House and Business owners to Landlords and Tenants & Letting and Estate Agents. http://topcleaninggb.co.uk Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Xester on May 03, 2017, 12:59:57 PM Quote Billionaire investor Mike Novogratz is betting big on digital currencies like Bitcoin and Ether. "Ten percent of my net worth is in this space," Novogratz said at a forum held at the Harvard Business School Club of New York Wednesday. He declined to say exactly how wealthy he is, but he's a former hedge fund manager at Fortress Investment Group and a Goldman Sachs partner who made the Forbes billionaire list in 2008. It's the "best investment of my life," Novogratz said. Bitcoin was worth under $500 a year ago. Today the digital currency trades at over $1,200. Back in 2013, Novogratz predicted Bitcoin's value would soar. He remembers people laughing at him at the time. Since then, Bitcoin's price has been on a wild run. It surged to nearly $1,000 in late 2013 and then fell to under $250 in 2015. It started to fly again last year, around the time of the Brexit vote. It surpassed $1,000 in January of this year again and has kept climbing. Now Novogratz is saying Bitcoin will go to $2,000. But he also warned the Harvard Business School Club crowd that there will "likely be a bubble" in digital currencies. The best way to handle it, he argues, is the old Wall Street trick of diversification. Put a little money in a lot of different plays in digital currency. For example, Novogratz was also an early investor in Ether. It's another digital currency that has quickly emerged as the No. 2 rival to Bitcoin. Novogratz says he bought Ether when it was trading for about $1. Today it's worth over $48. Novogratz met Vitalik Buterin, the young Russian brainchild behind Ether at a dinner party at a prominent CEO's home. He recalls that Buterin, then 21, showed up late, which struck him as shocking -- and a bit ballsy. He figured it was worth paying attention to Buterin. Ether is a currency with a "smart contract" function that gives users additional security and abilities to transfer information in addition to monetary value. We're witnessing the "3rd inning" of this digital asset revolution, Novogratz predicts. He's not exactly sure how it will play out, but he plans to continue investing in digital currencies and Blockchain, the revolutionary technology behind the scenes that makes Bitcoin work. Blockchain is literally a digital ledger to record and track transactions. What makes it so technologically advanced is that multiple companies or parties can access the Blockchain and see the history of what happened to an asset. Novogratz has emerged as one of the biggest Wall Street cheerleaders of Blockchain, but his bets haven't always gone so well. He exited Fortress in 2015 after the company shut down his Marco Fund for poor performance. It lost around 20% in its final year after his investments in emerging markets, especially Brazil, tanked. "We have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results," Novogratz said at the time. http://money.cnn.com/2017/04/20/investing/mike-novogratz-bets-big-on-bitcoin-ether-blockchain/index.html That's one confirmed billionaire betting big on crypto. I wonder how many others there are who aren't publicly invested yet have a lot riding on btc. Novogratz is not just a billionaire or a man with a huge stash of money but he is also owns an investment firm or group and thus it is easy for him to declare that he had invested in cryptocurrency namely bitcoin and ethereum. But others will most likely wanted to stay hidden and does not want to announce to the world that they own huge amount of bitcoin for their protection. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Sundark on May 03, 2017, 01:15:34 PM I am more than sure that big fishes from Wall Street, bankers and investors, generally everyone rich and linked to big finance world owns Bitcoin already.
These people know what is going on, bitcoin has proven itself as great investment over years, there is no reason to suddenly think it is the end of the road. Bitcoin can be purchased anonymously and stored without any 3rd party involved, so no wonder rich businessmen would rather not brag about BTC. The eventuality that in future negative bitcoin law may introduced is not out of the picture, so it is better to keep quiet about big bitcoin stash you own. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: olushakes on May 03, 2017, 02:09:28 PM As a billionaire, he has right to keep his money anywhere he so pleases so like wise myself I can claim to have all my funds in bitcoin and there is no way for any one to confirm because you don't have the facts even the forbes quotation are based on estimates and guesses and not the real value. But its actually a good thing that billionaires are now speaking up because I believe they are the ones that can force the hand of government in the right direction of bitcoin.
Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: aoluain on May 03, 2017, 03:44:19 PM I am more than sure that big fishes from Wall Street, bankers and investors, generally everyone rich and linked to big finance world owns Bitcoin already. These people know what is going on, bitcoin has proven itself as great investment over years, there is no reason to suddenly think it is the end of the road. Bitcoin can be purchased anonymously and stored without any 3rd party involved, so no wonder rich businessmen would rather not brag about BTC. The eventuality that in future negative bitcoin law may introduced is not out of the picture, so it is better to keep quiet about big bitcoin stash you own. I dont know who Mike Novogratz is and I actually pictured Robert Novogratz :D anyway I agree, we can all be damned sure there are a lot of wealthy people around the world who have "investments" in Crypto Currencies and not just Bitcoin. They may not have bought into it at the start but certainly in recent years and especially now that its proven that blockchain technology is not a little bubble which will eventually pop. These big time wealthy people rarely if never divulge their technique or where they invest particularly to us minions. Title: Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether Post by: Hydrogen on May 03, 2017, 11:29:22 PM No way his revelation could elevate a sudden interest in the volumes ,the recent spike is simply because of the Japanese investors as they are pumping in huge amount of money in bitcoin and so is the reason we are seeing more volumes from the Japanese exchanges than the rest of the world.If Mike has invested in crypto currencies it is good for him. :P Which japanese exchanges would you recommend checking to confirm this? I would be curious to see what "increased volume on japanese exchanges" looks like. I don't remember ever seeing a exchange based out of japan. Definitely got to look into this. |
