Bitcoin Forum

As he seems to hate bitcoin (https://www.forbes.com/sites/gurufocus/2018/01/25/george-soros-from-davos-bitcoin-is-a-typical-bubble/#30b92b5729d0) I think he might be starting a short selling fund. So to answer your question, clearly, he would sell.

This is how whales operate. First they tell you "it's a scam", then they say they regret saying so. That's exactly what Jamie Dimon did. They create dips thanks to their power in the media, then they buy the dip, then they buy tip, then they create FUD again, short it, then buy it at a higher floor than before.. and this is how they accumulate.

Whales know they can't kill Bitcoin, only slow it down, so the only thing they can do to keep being at the top of the pyramid long term, it's to have more Bitcoin than the rest of the population. How they do this? like I said, they scare them so they sell them their coins, then they let it grow later.

I like that everyone understands, but why does everyone sell their coins? I do not believe that you do not sell at least part of your bitcoins. You know that the price through time will be very high. Spoil the whales game. Do not sell coins and even better to buy bitcoin. Let the whales sell their coins cheaper.

I think the triad of the old world order (Soros, Rockefeller and Rothschild) will try to crash the market.

But they need to accumulate first. Bitcoin with 70% discount is tempting for them.

Maybe it is them who are shorting bitcoin between 6k and 8k.

Stop falling for bulltraps and buy only outside of this range.

Ok let me ask you this then, if he's just starting a fund to actually BUY bitcoin, why is he telling that in the media? That would cause the price to rise (like it did over the weekend) so he has has to buy at higher prices. That makes no sense. It makes much more sense that he's actually a short seller. Or if he's now for whatever really bullish, that he already bought. Nobody is going to announce that they're going to buy soon, that's the dumbest thing anyone can do.

He can buy without telling the media, and later buy "officially" through a institutional fund.

They can buy at higher prices as soon as they accumulate enough at lower ranges. This would spike the price up, and what they accumulated will value more than what they paid with higher prices.

Correct, Especially now that the media is talking about Soros contemplating to trade, which is explicitly taken as a preamble of things to come.

There is no significant indication each way as to which way the price is going to move, it's been bouncing around between 6.5k and about 7.2k for around a week now. Any sensible investor right now would be cautious not to make overly bold decisions one way or the other.

You have assumed they will short, I have said what whales do, they say "it's a bubble", price goes down then they buy, then announce official involvement in the space (not saying what they will do specifically). This is what Jamie Dimon did with JP Morgan.

I will not say I know what the hell Soros is going to do, im just saying that the facts remain:

1) You can't kill Bitcoin
2) You can only slow it's growth
3) You can take advantage of your ability to cause 2) in order to accumulate more and become a Bitcoin whale since 1)

George Soros, he's a chameleon who has no obvious personality, we wouldn't have known what steps he would take Crypto away. After I read Soros's harsh history in the past, I tend to think that Soros will damage the market ever more deeply. Because the trades he's to do is camouflage and that is only an allegory when in fact he will make his trade as a container for the transactions of whales.

Soros started his life trading multiple currencies between refugees in a Nazi ghetto.     He had a harsh start and recognises the worst realities before many others are comfortable doing so, thats his profit the perspective of the inevitable.
Whether you like him or not, he was forged in the fires of mount Mordor in comparison to a modern generation with few harsh realities beyond living with constant change.   He should understand a global economy better as a massive mix of poverty and growth contrasted to stagnation in the west and excess debt.

Its not enough to say he will just short.  When Jamie Dimon was shorting silver contracts, he also took up ownership in a silver mine.   These people play both ends and probably profit both from the sale and purchase of the underlying asset.

He might be negative on Bitcoin but I think he would engage with the payment processing part to bitcoin and gain interest in coin revenue that way.   Also it gives him a cheap source of coins to sell I guess.    

I hope he is not come into bitcoin and blockchain technology in other to do the samething MTGOX trustees are doing? I believe he his coming to buy and dumped the price. I just have to hold and be wise to sell at the right time as soro has great influence on forex market and when we hear about him we do buy along his position.

When you hear something about George Soros on the media making some sort of claim about his hedge fund's position, it is safe to assume that he already that move.

So for instance, when he said "bitcoin is a bubble" he probably had some shorts, but personally I think he didn't bother shorting, his goal was yo buy the dip.

Now he has bought probably in February, and he doesn't want the price to get stagnating, which is why he released these news. Soros controls a ton of media out there.

Nothing is spontaneous, it's just calculated moves. Now it's yet to be seen if Soros isn't old enough to understand why he should be stacking on Bitcoin instead of temporarily manipulating it to get his fiat up. If he is smart (and we must assume he is) he should know by now the fact that fiat is dead and all hedge funds with a brain should be building strong Bitcoin portfolios if they want to be relevant for the next 100 years.