Bitcoin Forum

From bloomberg and other sources, I wouldn't believe it but it appears to be true despite the mogul saying Bitcoin was a bubble

https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

Do you think this will be good or bad for altcoins? Family Offices belonging to other billionaries might join or at least take notice but this is one of the best investors out there with enough means to push the market any direction he has in mind

I don't like his monkey face and what he is doing with his lobbying shit across the world as he made a lot of families in tears, but if he steps into crypto it will be a mess with FUDS and many other things.
On the other hand, his money will be beneficial for crypto.

Perhaps there are 'soros' among the groups that we call whales in the market. They may be the reason why we have not caught up with the ascension we wanted in spite of the many positive developments we have experienced recently.

he comes in the right tme, because a lot of fund managers is waiting for this situations
wich mean this is the best time to entry the crypt markets  ;)

He has made positive comments about block chain before, remember this is one of the biggest pushers of globalism and he's made many open comments about the need for a one world currency.

I wouldn't expect him to short it or anything like that, would be more in his benefit to help with adoption based on his views and few comments made.

George Soros is known as the one who broke the Bank of England. He made a ton of money shorting GBP. He had some plans shorting Yen. I am sure he did short crude oil. I   hope he doesn't short cryptocurrency now!

I am sure that many great people joining crypto will get better for future crpyto growth. Of course this is not the same as he said in January, but maybe he has thought and considered before participating in the crypto. I think this could have an impact on other great people and their citizens to join the crpyto world.

I see the current cryptocurrency does not yet have a strong foundation for the rise, but if it is true that he wants to do that, then I am sure will have a positive effect on the active volume spike, I know soros is controversial figure because it can reverse the market in just time less than 3 months, but still this is one good news for us, I still consider this as hoax/april mop because it is not clear when it will be realized with certainty, he also does not want to fail when the price is still in the downtrend.

One of the world's elites.. Crypto market is not far from being fucked by the elites and if this happens, centralization of big marketcap coins is possible.

To me it is a good thing for the market, what I believe we need now are bigger exchanges, that has strong protection for users' fund. Soro is richer than Bitnifex and Binance combined and if such money and more is coming into the space will need exchnages that would be able to support them

this will be a positive news for crypto.
at least May month we will find a worthy price for bitcoin and altcoin.
and the storm will soon leave.

Soros, like many other huge funds and individual whales have been manipulating the price of bitcoin down to these levels since the top in Dec '17, patiently waiting for a low price to start accumulation (this is why we got the futures, so they had an efficient means of shorting).

Next, they're probably working behind the scenes to get the ETF launched AFTER they filled their bags with cheap bitcoin. That's when the next wave of dumb money starts to rush in.. "A bitcoin etf? Wow, finally an easy way to diversify my retirement portfolio without the hassle and tax nightmare of crypto exchanges!"

Not until the next parabolic blowoff top will we see Georgie boy short the shit out of BTC. He needs your granny to dump her life savings into this market before he tanks it.

I respect George Soros, and I read a lot about him while I was studying in Uni. He is a very smart man and made a huge fortune thanks to his mind. If he decided to invest in crypto asset trading, i appreciate it as a positive sign for us.Just look he is going to operate the amount,which is now 1/10 of the entire capitalization of the cryptomarket.

it's a sign that things are maturing. with that maturing comes all the professional vultures looking to maximise gains no matter what they have to do to get them.

it may suck big time for coin holders but this is what happens when the real world comes calling. as a guess the impact will make the rest of us sad.

Impact ? of course it's a good sign for cryptos(which mean there will be another pump coming in).
but i believe in a few weeks/months later he will try to create his own crypto.
just like others,
they will try to maximize their opportunity to gain a lot of profit from uncertainty and idea,afterward there will be another ICOs.
(lets do not talk about manipulation,because i believe he's part of it from long time ago)

How exactly bis he different from the whales ? Some one pointed out that he is famous for shorting.Will he short the coins if he comes into the cryptos ? Did he really break the Sterling ?

He's shorted a few currencies in the past, has a shit ton more money than your typical whale too, his "known" wealth appears to be a lot less than his true wealth, his true wealth is suppose to be 8 billion yet he donated 18 billion to his foundation last year, he would go down as probably the wealthiest player in this field.

Like I said though, he's made a few public comments about the need for a one world currency, he's also made comments about block chain being able to solve refugee problems, I would look at his goals with block chain as being positive rather than a desire to short it, he would stand for one of 3 things:

1. Make the market more well known, bringing money out of the fiat system in to block chain (he's made comments about the USD needing to go to better the world)
2. He will try keep prices less volatile to produce it in to a real usable currency
3. He's hungry for profit where ever he can see it, he will use the market as a profit tool

This guy has extremely huge influence in the trading world, he's one of the top dogs when it comes to investing and many follow his steps, many view the guy as the devil while others view him as a trading genius, in my eyes it'll be a good thing, if he was anti block chain I would be very concerned, but he seems to be pro block chain.

Many altcoins are easier to manipulate than stocks and there is no responsibility for it, so altcoins are attractive for speculation, this is normal.

There is news that Rockefeller’s Venrock also going to invest in cryptoassets. Large institutional investors interest means huge money inflow for the cryptomarket in the observable future. Their massive incoming is inevitable due to high speculative opportunities, and a lot of them already operate in cryptotrading in different ways. It is bullish sign. But they emerge as super-whales that can easily manipulate the market taking into consideration their dominance over leading global mass-media and an access to almost unlimited funding sources (banking funding, hedge funds, etc.). The challenge here is that those superwhales are followed by stringent state regulation to transform the cryptomarket in the traditional centralised market model without strong price volatility. Moreover, they will actively promote their own cryptoassets to supplant "initial" cryptoassets like BTC.

Guys, you notice how the market is starting to prepare for a change of direction. There are such news as this. Soon, a new crowd of newcomers will be brought to the market

I hate the horrible goblin. I wouldn't mind a nice pump from him though.

Once he has pumped it he can roll over and die, finally.

George Soros' Whale Impact We will all see together how to wave the market. I am of the opinion that we will see the effects of this in the long run. Large whales create large fluctuations.

When these guys get into the market, they fill up their tactics. The market is so strong that they can tilt the hill, they do not leave a small investor in the middle, only the whales are in the middle.

It is good to see we get media attention if some billionaire is entering this market, is this such a taboo subject, which is there enough attention to these small things, this is 2018 and we have passed that attention seeking stages about how great this technology is and now everyone understands the importance, does he single handedly push the market with his money, i do not think so because the market has grown a lot, may be some alt coins with low trading volume can be manipulated.

Be careful on this man, this guy is known for being a mass financial market murderer. I suggest we should ride on this whales in order to make profits or else we can't make any of this after they dump prices.

We prefer not to have these whales who can manipulate the market, but right now a few billions is what we need to inject life into the crypto market so Soros and his crew will be welcomed. He picked the right time (i.e. now) to invest which shows he knows what he is doing, and others will probably follow him in.

It's good of, to see that we get media attention if a few billionaires enter this market, whether this is a taboo topic, just pay attention to these little things, this is 2018 and we've been through the stage of seeking attention about how great it is. technology. and now everyone understands the importance of whether he himself drives the market with his money, I do not think so because the market has grown rapidly, maybe some alt coin with low trading volume can be manipulated.

I really dislike this man but cannot say anything to his entrance in crypto markets.
I think that it will create overall good results with most altcoins, he may also alert authorities for regulated secure markets.

It should be a positive impact, most people don't want to know why theya re getting into Crypto space, all they care about is if Soros are trading it then it must be good, for now we need new money to enter the space because IMO money seems to be leaving the space than entering recently

I don't think this is a good message. Every commodity in the world is going to be hurt by these capital tycoons. Because they have money to burn! Make waves, harvest retail investors! The addition of these people will only create chaos in the market and will not bring any help!

Do you think he will short it in the future? If that may happens and again new investors would pop up, I think it's a good news right? Demand will probably beat supply and boom there it goes again. We don't know what he's reason behind all this and all we can do is ride with the waves.

Soros is a big capitalization in the world of global finance, maybe we should be careful with what the statement will do soros.saya wait what will be done more on cryptocurreny.

No it is not good at all. Don't forget how he destroy Poundsterling. Or how he destroy the whole South East Asia. No matter what he does it is never good for everyone, only seek benefit for himself. Trust me, anything we now about the current  Crypto Whale, Soros is much worse.

This can be bad for altcoins, he's pulling altcoin investors including those whales to invest in bitcoin only.

Here we go as of today, bitcoin went 11% for just 30 mins reaching $8,000 but due to day traders, it's now $7,600.

Short term when he enters it could be good as he will hopefully bring more investors along as well, It should pump the markets.
Long term I worry he could short the market, or at least try too. I guess it will be the usual crypto market, you just have to ride the waves and try and pull out at the right times.

Is it really soros for this rise? Or is there another good news? I hope to continue.

I don't know, I claim is BucatkeCoin the project behind this rise but jokes aside, having Soros,Rockerfeller and Rothschild interested in crypto means the tide might be turning. If they want, it'll certain turn

I would like to see those greedy ass people stay out of crypto, but it is an impossible thing. There is a ton of profit here and they need it all.
They don't have such a control like in fiat and bonds system, but they will find the way for a successful manipulation.

I think there is not just one whale in the market. There are more whales than you think, not just Soros. All we, tiny investors, shall do is to watch the fluctuation caused by those big investors.

It's obviously a good news for sure. Why would anyone getting into trading crypto be a bad news? Even if institutional investors.

But this signifies the recent influx of institutional investors in crypto, and it truly means that crypto technology is taking off and grabbing the attention of big name traders worldwide. Even though right now we're still in a bearish state of market, these new institutional investors are going to mean that the next bull market will be much bigger in scale.

I think this is a trend to follow. Don't discount the possibility of other well known investors and traders in the traditional investment business to start getting into crypto soon as well, just like Soros did recently. Crypto as a whole has a lot of potential due to the fact that we're still early in the adoption phase, and institutional investors are only catiching up now.