Bitcoin Forum

Economy => Speculation => Topic started by: bbc.reporter on May 31, 2019, 03:10:58 AM



Title: Billionaire wants to buy 25% of the bitcoin supply
Post by: bbc.reporter on May 31, 2019, 03:10:58 AM
Bullish news, however, I do not know where Dadiani can find the sellers to buy 25% of the bitcoin supply for her billionaire client. Good luck.

Also, what would the billionaire do to 25% of the bitcoin supply? Use it to help launder his friends billions and make more billions for himself hehehe?

https://i.ibb.co/PTJ0kK5/image.jpg

Far from the murky, impersonal world of online bitcoin and cryptocurrency exchanges, billionaires who want to buy bitcoin do it through an office in west London's upmarket Mayfair—and the relatively new service is becoming increasingly popular amongst the super rich with an interest in crypto.

The Dadiani Syndicate, which styles itself as an investment "platform for ... maximizing your digital holdings," and matches big bitcoin buyers and sellers in a way similar to buyers and sellers of fine art, claims to have helped clients who want to acquire "up to 25% of the bitcoin market."

"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

Dadiani claims to have built up a consortium of sellers from around the world who have "colossal" amounts of bitcoin or who want to buy significant amounts and she is confident they have all been properly vetted against money laundering regulations.

"We don't deal with people who are not clients of reputable banks," said Dadiani. "We are market makers, coordinators of these trades. Once you involve banks and institutions, it's up to them to make sure their clients are abiding by regulations."


Read in full https://www.forbes.com/sites/billybambrough/2019/05/30/how-billionaires-are-buying-up-bitcoin/#2d0a3ddb208c


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: exstasie on May 31, 2019, 03:34:54 AM
"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

...

Dadiani claims to have built up a consortium of sellers from around the world who have "colossal" amounts of bitcoin or who want to buy significant amounts and she is confident they have all been properly vetted against money laundering regulations.

...

The Dadiani Syndicate is currently in the midst of its fourth trade

Something doesn't quite add up here. Sounds like someone bought a PR spot on Forbes. Color me skeptical! :)

So I'll be taking this story with a grain of salt. The theme probably rings true though. I imagine more and more of the super rich are getting interested in Bitcoin now. It's becoming hard to ignore.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: mk4 on May 31, 2019, 04:10:24 AM
I know these dudes are definitely rich, that saying "rich" even undermines how much wealth they actually have, but I don't think they can even buy 25% of the total supply. Even if they buy it all through OTC through multiple entities, it's going to pump up the price too high I think. Correct me if I'm wrong.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: pooya87 on May 31, 2019, 05:10:42 AM
billionaires and millionaires have been "parking" their money in bitcoin for a long time now. this is nothing new. but saying some billionaire wants to buy $36,550,000,000 worth of bitcoin in one go is just dumb hyped up news if you ask me. such amounts can only be accumulated over many years of buying and most of these types of people sometimes go to miners directly to acquire bitcoin (send block reward to their addresses) which means it takes longer even.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: CryptoBry on May 31, 2019, 05:15:13 AM
I know these dudes are definitely rich, that saying "rich" even undermines how much wealth they actually have, but I don't think they can even buy 25% of the total supply. Even if they buy it all through OTC through multiple entities, it's going to pump up the price too high I think. Correct me if I'm wrong.

I think you are right. These people have the money and the connections that they can use to buy bitcoin presumably as an investment to hold for some time and make big profits -- just like the many small speculators swimming in the bitcoin pool. They can wish to buy 25% of the bitcoin supply but how they gonna do that remains to be seen. But what if they can...how will it affect bitcoin and its growth trajectory?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: gabbie2010 on May 31, 2019, 05:27:15 AM
 Arabs billionaires are capable of buying a significant huge amount of bitcoin because they are mostly oil moguls but probably not up to 25% however  my consign is after successfully buying the bitcoin they might become another 'whale' in the cryptocurrency market thus manipulating the price using their influences and  financial status which is a big problem confronting cryptosphere.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: sunsilk on May 31, 2019, 11:42:48 AM
I thought this is just a fake news because the article that I've saw came from unknown website but it's forbes that published it, so it can be somehow validated and true.

how will it affect bitcoin
Massive pump will occur.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: bitbunnny on May 31, 2019, 11:44:02 AM
Arabs billionaires are capable of buying a significant huge amount of bitcoin because they are mostly oil moguls but probably not up to 25% however  my consign is after successfully buying the bitcoin they might become another 'whale' in the cryptocurrency market thus manipulating the price using their influences and  financial status which is a big problem confronting cryptosphere.

Yes, billionaires have the possibility to buy huge amount of Bitcoin but so far no one has done it, does it? And honestly I don't think they will. 25% is a lot but I don't think they have true interest for such investment and that is not going to happen in reality.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Jet Cash on May 31, 2019, 12:05:03 PM
I've always thought that the vulnerability of Bitcoin was in the accumulation of large long term holdings, rather than 51% attacks. If the bankers held massive quantities of Bitcoin, they could maintain the extreme volatility of the market, and make it unusable as a currency.

The good news is that this could provide a way for sensible traders to maintain an income from their speculation.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: YuginKadoya on May 31, 2019, 12:06:41 PM
If there will be someone that will offer his Bitcoin if he can earn a lot with the impending days to come than to exchange it to fiat right now, Well I guess this is a wrong move for those millionaires or billionaire that would want to buy 25% of bitcoin and not just try just a little bit portion of it, Well I guess this would call for a celebration because apparently there are pumps that can happen so keep on Hodling, Well if this news is legit of real.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: 1Referee on May 31, 2019, 12:38:07 PM
I've always thought that the vulnerability of Bitcoin was in the accumulation of large long term holdings, rather than 51% attacks. If the bankers held massive quantities of Bitcoin, they could maintain the extreme volatility of the market, and make it unusable as a currency.

I'm quite sure that most of these high level legacy investors are still somewhat afraid of the satoshi coins, which is a good thing, because it prevents them from going balls deep and potentially have enough incentive to steer development to a certain direction. Satoshi hasn't only done us a favor by leaving, but his coins also help keeping the bad institutions at a more safe distance.

As for the article, it really wouldn't surprise me if it was meant as a joke to point out how bullish that 'investor' is on Bitcoin. Forbes is a champion in giving articles a little twist. ::)


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Gaff on May 31, 2019, 12:45:55 PM
Arabs billionaires are capable of buying a significant huge amount of bitcoin because they are mostly oil moguls but probably not up to 25% however  my consign is after successfully buying the bitcoin they might become another 'whale' in the cryptocurrency market thus manipulating the price using their influences and  financial status which is a big problem confronting cryptosphere.

That really made the situation very much unpredictable right now, and even though we've encountered good market temporarily it doesn't mean we're going to loss grip on crypto. Always hold on tight and keep your holdings at safer grounds in order to achieve better momentum, before those millionaires could take the biggest potential profit which you're going to acquire. I think if those billionaires not just arab, but that also includes prominent personalities like of western counties were all together buy that 25% of btc supply at the same time; then it will be the greatest history on bitcoin's successful market breakthrough.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: omonuyak on May 31, 2019, 01:42:11 PM
Maybe this will be the reason why bitcoin is going to get another bull run next month. I see this news as a bullish news and I think billions of dollars are going to flow into the market. It is then good to buy now so you can sell when the billionaire start to pump dollars into the market.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: fabiorem on May 31, 2019, 01:45:35 PM
If such billionaires are the guys from the picture, I can guess they would use bitcoin to leverage oil prices.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: siggy_77 on May 31, 2019, 01:53:16 PM
I think it comes down to how you define "available bitcoin supply" ...

if you define this as all 21 million BTC.. then.. nope, not gonna happen...
if you define this as all BTC currently mined.. then again, nope...

if you define this as "total sum of all BTC currently on exchanges" .. then.. well.. a consortium of billionaires could theoretically have the ready funds to snatch that up...  I highly doubt there are more than a million BTC on exchanges at any one time.  The majority of coins being either not yet mined, lost, or in the hands of HODLers.

Same thing if you change the definition to coins available on various OTC platforms...

OR.. this could be a total marketing piece and they are just talking crap.





Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: gantez on May 31, 2019, 02:15:09 PM
Well if it is the percentage of the amount already mined and available for sell, they can easily get down to the exchange and scoop the ones available for sell, I'm not releasing my small fraction because this news is likely going to help drive more bull.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: colombuszka on May 31, 2019, 02:16:30 PM
Interesting, but may be fake news as articles about Russia plans to buy a shtload of btc.  Will see, but should be good for the market :)


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: LimLims on May 31, 2019, 02:25:19 PM
First of all dude, they are Billionaires.
They have a lot of money to buy these holy coins.
 And it will also lead to the rise of the coin.
As it will help to increase the trading volume.
For which Bitcoin may touch more than 20k usd soon.
Nevertheless, let's hope for the best.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: ethereumhunter on May 31, 2019, 03:29:02 PM
I only think that they will hold it for another investment that will give more money to them because rich people wants to spread their money for another business type which can help them to make money. But the truth is, we don't know what they will do with that bitcoin and they can do whatever they want because they are rich people who have a lot of money.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: mk4 on May 31, 2019, 04:51:51 PM
I've always thought that the vulnerability of Bitcoin was in the accumulation of large long term holdings, rather than 51% attacks. If the bankers held massive quantities of Bitcoin, they could maintain the extreme volatility of the market, and make it unusable as a currency.

Good point. Though I'm not sure, do you think that there's a good chance that bankers would hugely accumulate a hugely speculative and very experimental asset, that's not even guaranteed to succeed in the long term? Personally, I don't think so, but there sure is a small chance; especially now that bitcoin is continuing to gain reputation.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: exstasie on May 31, 2019, 05:03:41 PM
I've always thought that the vulnerability of Bitcoin was in the accumulation of large long term holdings, rather than 51% attacks. If the bankers held massive quantities of Bitcoin, they could maintain the extreme volatility of the market, and make it unusable as a currency.

What would be the goal of that? It seems pretty obvious that volatility isn't discouraging adoption. On the contrary, I believe the speculative price cycles  are a big driver of adoption.

Though I'm not sure, do you think that there's a good chance that bankers would hugely accumulate a hugely speculative and very experimental asset, that's not even guaranteed to succeed in the long term?

Nothing is guaranteed success, and ten years in, Bitcoin may still seem experimental. But at some point, it will attain a more traditional status and banks accumulating BTC won't seem so crazy. A year or two ago, JP Morgan said Bitcoin could become a traditional gold-like asset. That's where we're heading.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Adriano2010 on May 31, 2019, 06:27:24 PM
He should try and buy from more exchanges and after send all and hold to a hardware wallet. But 25% of supply is a large amount and it think he want to hold it to get more money.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Slow death on May 31, 2019, 06:54:21 PM
 there is no proof and there are no names of these billionaires just have this:

her company has been instructed, "to scour the markets and gain access to as close to 25% as possible."

why do not these billionaires buy on a daily basis until they reach their goals? and why does not their name exist? It seems like a story to gain fame.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: kryptqnick on May 31, 2019, 06:57:51 PM
I would not call it bullish news, it's more of a disaster if it's possible. But fortunately, I think it's not. For one, 25% of the current supply is worth about 35 billion dollars, which is a very big sum even for billionaires. There aren't even many people on Earth who can afford it, and for any single one of them, it's a really significant part of the total amount. Secondly, and that seems more reassuring, it's very difficult to imagine no many entities giving up their money so that this mysterious person can even accumulate 25% in one place. It's especially so since when the person attempts to buy so much, it will most certainly need to be done in parts, which would be rather significant to make sure the prices jump up. And while that right person is accumulating bitcoins, I'm sure the price will become so big that even the richest person on Earth won't be able to afford 25% or anything close to that.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Pipdips on May 31, 2019, 07:52:57 PM
I would not call it bullish news, it's more of a disaster if it's possible. But fortunately, I think it's not. For one, 25% of the current supply is worth about 35 billion dollars, which is a very big sum even for billionaires.

This is just a guess but I have a feeling that acquisitions like this are just around the corner and that $35,000,000,000 is entirely possible. When will purchases like this happen? It is a matter of hours or days from now, not weeks or months.

Once somebody purchases this monstrous amount of Bitcoin, I will sell all of my Bitcoin and find something new to work on. They can have it...


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: WinslowIII on May 31, 2019, 10:12:27 PM
Let him try, but buying 4 million bitcoins is going to involve pushing the price into 6 figures. I bet he'd run out of money before he acquired 1 million btc, because he's only got a year till the next halving and the next bull market.
Basically, his goal is impossible because nobody has that much money to pull it off.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Shinpako09 on May 31, 2019, 10:34:12 PM
I would not call it bullish news, it's more of a disaster if it's possible. But fortunately, I think it's not. For one, 25% of the current supply is worth about 35 billion dollars, which is a very big sum even for billionaires. There aren't even many people on Earth who can afford it, and for any single one of them, it's a really significant part of the total amount. Secondly, and that seems more reassuring, it's very difficult to imagine no many entities giving up their money so that this mysterious person can even accumulate 25% in one place. It's especially so since when the person attempts to buy so much, it will most certainly need to be done in parts, which would be rather significant to make sure the prices jump up. And while that right person is accumulating bitcoins, I'm sure the price will become so big that even the richest person on Earth won't be able to afford 25% or anything close to that.
That's what i'm thinking too. Price is getting pump and expensive while he is on his way in accumulating that 25%. This will sure pump the price and everyone wants a high price but I don't know i'm not happy with this kind of attempt. It smells something fishy, they can influence the price later whenever they want to and it's not a good thing for me.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: bbc.reporter on June 01, 2019, 03:39:33 AM
If such billionaires are the guys from the picture, I can guess they would use bitcoin to leverage oil prices.


They might also begin using bitcoin as leverage versus other currencies and as a political tool to weaken America's control in the middle east.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: pooya87 on June 01, 2019, 05:03:35 AM
I've always thought that the vulnerability of Bitcoin was in the accumulation of large long term holdings, rather than 51% attacks. If the bankers held massive quantities of Bitcoin, they could maintain the extreme volatility of the market, and make it unusable as a currency.

The good news is that this could provide a way for sensible traders to maintain an income from their speculation.

but that would cost a ton of money and can not be sustained over the long term since the market is also growing constantly and as a result it is becoming harder and harder to manipulate the price. for example it takes a lot more money today to manipulate it compared to the money it took back in 2011 and it will continue to grow.
basically i think the cost does not justify the result they could get out of it.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Indrawan77 on June 01, 2019, 06:47:18 AM
Its good to see the enthusiasm of the investors, but I don't like btc being controlled by a bunch of group, it will decrease the transaction volume, bitcoin is better to be used rather than to be hold, and this could lead to the price manipulation, holding too big portion of bitcoin could disrupt the market


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: onrise on June 01, 2019, 07:45:05 AM
Its good to see the enthusiasm of the investors, but I don't like btc being controlled by a bunch of group, it will decrease the transaction volume, bitcoin is better to be used rather than to be hold, and this could lead to the price manipulation, holding too big portion of bitcoin could disrupt the market


This could be one of the very valid point that if majority or a huge portion is hold by few people then they could easily play with it and market may rise or fall as per their decisions. But this is how generally it works in any of the markets where big players enter the market they form a cartel and things might work that way.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: emmybd on June 01, 2019, 07:47:29 AM
These days, bitcoin is the best investment out there, billionaires know that bitcoin would be worth much in a few years time, so they don't want to miss this opportunity. I believe they have been investing heavily in it.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Reid on June 01, 2019, 08:16:27 AM
25 percent is a lot of bitcoin and I dont think they will be risking that much.
They became billionaire with their businesses and they know how should it work.

I dont think they will just burn all that money for something which is not that much reputable to the market.
This might be some kind of news just to continue the hype that is happening in the bitcoin market.
Or, if this could be true then something evil might be behind it.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Pipdips on June 01, 2019, 03:12:02 PM

If I was an Arab oil family billionaire I would want to transfer money out of the oil industry too. You really cannot get more asset-light than Bitcoin. The only thing a Bitcoin investor requires for operating business is an iPhone.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: gentlemand on June 01, 2019, 04:36:18 PM
I've always thought that the vulnerability of Bitcoin was in the accumulation of large long term holdings, rather than 51% attacks. If the bankers held massive quantities of Bitcoin, they could maintain the extreme volatility of the market, and make it unusable as a currency.

Good point. Though I'm not sure, do you think that there's a good chance that bankers would hugely accumulate a hugely speculative and very experimental asset, that's not even guaranteed to succeed in the long term? Personally, I don't think so, but there sure is a small chance; especially now that bitcoin is continuing to gain reputation.

To induce volatility they have to buy and sell it. At the same time millions of other people will be looking to buy and sell it. They can't maintain a stranglehold if it's constantly flying out of their hands. If real demand is ever to arrive then even the biggest whale will get slowly nipped to death by a million buys.

As for the story itself, nope.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: The Sceptical Chymist on June 01, 2019, 04:42:16 PM
Color me skeptical! :)
Yeah, I'm a step beyond skeptical with this one.  I'm not sure how anyone would go about getting their hands on 25% of the circulating bitcoin supply these days, even if they had the money to do it.  I don't doubt these dudes have the dough, but I highly doubt this story is true. 

The big thing with bitcoin is its decentralization, right?  That's the mantra I keep hearing everywhere, even about things where decentralization makes no sense.  I don't think we want any one person or group of people holding a quarter of all the bitcoin in existence.  Didn't Mt. Gox have close to that amount at one point?  Didn't Trendon Shavers have at least that amount?  Look at the disasters that happened in those cases.  Bitcoin ownership should be spread around as far and wide as it possibly can.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: davis196 on June 01, 2019, 04:50:45 PM
If you really want to buy such a large amount,you just don't BRAG about it on the mainstream media.
Why?Because the price will skyrocket pretty fast and you may end up buying an overvalued asset.
Those Dadiani guys must be:
1.Pretty stupid.
2.Joking...


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: thecodebear on June 01, 2019, 06:07:42 PM
I was unclear if they meant they wanted 25% of circulating supply (maybe 1 or 2 million bitcoin?) or 25% of the entire 17+ million supply.

But the company also said that getting 25% was impossible, so they were just gonna try to get as much as they can for the interested party.


And yeah I agree with the poster who said it seems like someone bought some advertisement with this article. The company has only done 4 trades, yet the article claims its like the hottest spot for huge buyers of bitcoin. Basically its just a company that facilitates a very small number of very high volume trades for billionaires looking to buy a significant amount OTC.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: thecodebear on June 01, 2019, 06:11:27 PM
Color me skeptical! :)
Yeah, I'm a step beyond skeptical with this one.  I'm not sure how anyone would go about getting their hands on 25% of the circulating bitcoin supply these days, even if they had the money to do it.  I don't doubt these dudes have the dough, but I highly doubt this story is true. 

The big thing with bitcoin is its decentralization, right?  That's the mantra I keep hearing everywhere, even about things where decentralization makes no sense.  I don't think we want any one person or group of people holding a quarter of all the bitcoin in existence.  Didn't Mt. Gox have close to that amount at one point?  Didn't Trendon Shavers have at least that amount?  Look at the disasters that happened in those cases.  Bitcoin ownership should be spread around as far and wide as it possibly can.


Which is why it is important for us everyday people to accumulate! The billionaires and the trillion dollar asset management companies are starting to dip their toes in and accumulate. It is a better market if we the general population eats up the supply before they can get their hands on it. Anyway, any one can buy as much or little as they want. it's looking like big institutional and billionaire money will get their hands on a lot of it in the end (and drive the price way up as they do it).


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: figmentofmyass on June 01, 2019, 07:03:25 PM
but that would cost a ton of money and can not be sustained over the long term since the market is also growing constantly and as a result it is becoming harder and harder to manipulate the price.

what's your opinion about the gold market? prices are dictated by the london bullion market and comex futures market. both of these markets trade volumes that are completely disconnected to the real physical underlying holdings (essentially fractional reserve), yet they dictate spot prices: (https://www.bullionstar.com/blogs/bullionstar/what-sets-the-gold-price-is-it-the-paper-market-or-physical-market/)

Quote
Recent empirical research has determined that gold price discovery is jointly driven by London Over-the-Counter (OTC) spot gold market trading and COMEX gold futures trading, and that the “international gold price” is derived from a combination of London OTC gold prices and COMEX gold futures prices. See “Who Sets the Price of Gold? London or New York (2015)” (https://acfr.aut.ac.nz/__data/assets/pdf_file/0009/29790/T-Putnis-GoldILS-v4.3.pdf) by Hauptfleisch, Putniņš, and Lucey.

by using leverage, rehypothecation/commingling, securitization etc and access to cheap credit, it doesn't seem totally inconceivable that even a market of gold's size could be manipulated, since spot prices are enslaved to fractional reserve markets. and bitcoin will be much smaller than gold for quite a while yet.

/tinfoil hat :P


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: gentlemand on June 01, 2019, 07:06:04 PM
by using leverage, rehypothecation/commingling, securitization etc and access to cheap credit, it doesn't seem totally inconceivable that even a market of gold's size could be manipulated, since spot prices are enslaved to fractional reserve markets. and bitcoin will be much smaller than gold for quite a while yet.

/tinfoil hat :P

I thought that was a straightforward stone cold fact that even the average five year old was aware of. Is there any question that gold's value is anything other than massively screwed with?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Pipdips on June 01, 2019, 08:28:48 PM
Questions for anybody willing to speculate:

What happens to Bitcoin price if buy orders start pouring in worth $1,000,000,000 or more? Will Bitcoin price just skyrocket overnight? Do big green spikes and giant green candles start appearing?  Certainly Bitcoin volume will spike in the green like nothing we have seen before, right?

Let's say that there is a Bitcoin purchase of $1,000,000,000 or even $10,000,000,000 worth, what will happen in the short term of 1 or 2 days?  How about 1 or 2 weeks?  The price of Bitcoin would skyrocket from $8,500 to $15,000 or more, overnight... right?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: figmentofmyass on June 01, 2019, 09:32:44 PM
by using leverage, rehypothecation/commingling, securitization etc and access to cheap credit, it doesn't seem totally inconceivable that even a market of gold's size could be manipulated, since spot prices are enslaved to fractional reserve markets. and bitcoin will be much smaller than gold for quite a while yet.

/tinfoil hat :P

I thought that was a straightforward stone cold fact that even the average five year old was aware of. Is there any question that gold's value is anything other than massively screwed with?

i think anyone who does a modicum of research into the subject is aware, but that's a small minority of people. i definitely don't think it's the consensus opinion. no one in the mainstream questions these absurd fractional reserve practices. gold bugs crying manipulation are made to appear as the lunatic fringe---don't you think?

and that attitude is spilling over to bitcoin now too. very few people see the writing on the wall with bakkt and other physically settled derivatives that may come to dominate the spot market. the old guard is setting up the exact same infrastructure that already exists for gold.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Whaleagent on June 01, 2019, 09:51:16 PM
I know these dudes are definitely rich, that saying "rich" even undermines how much wealth they actually have, but I don't think they can even buy 25% of the total supply. Even if they buy it all through OTC through multiple entities, it's going to pump up the price too high I think. Correct me if I'm wrong.

They would have to spend around $38 billions to buy 25% of the supply right now, however, as you said, there would be no way to prevent the price from pumping too high. They would need to buy it slowly throughout 1 year or so and even then, what happens if bitcoin goes back to 20k?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: gentlemand on June 01, 2019, 10:01:25 PM
i think anyone who does a modicum of research into the subject is aware, but that's a small minority of people. i definitely don't think it's the consensus opinion. no one in the mainstream questions these absurd fractional reserve practices. gold bugs crying manipulation are made to appear as the lunatic fringe---don't you think?

Hmm. Not sure. I've never hung out in gold bug places at length but it seems plain as you like to me. I don't really see how anyone could think otherwise with the easily accessible figures regarding paper gold. Since most everything else is pure fiction too perhaps it's only the hardened gold bugs who actually care.


They would have to spend around $38 billions to buy 25% of the supply right now, however, as you said, there would be no way to prevent the price from pumping too high. They would need to buy it slowly throughout 1 year or so and even then, what happens if bitcoin goes back to 20k?

Even if they existed they wouldn't have a hope in hell. Millions of coins are lost. Millions are in the hands of people who'll never sell. Millions more will be in the hands of people who'll only sell for many times more than the current price, the rest will be in the hands of people who'd spot someone of that ilk and gouge them until they ran out of money nowhere near their target.

If you add up all the coins on exchange books across the whole world it's probably no more than a few hundred thousand and some of them will be priced at ludicrous levels.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: WinslowIII on June 01, 2019, 10:33:34 PM
by using leverage, rehypothecation/commingling, securitization etc and access to cheap credit, it doesn't seem totally inconceivable that even a market of gold's size could be manipulated, since spot prices are enslaved to fractional reserve markets. and bitcoin will be much smaller than gold for quite a while yet.

/tinfoil hat :P

I thought that was a straightforward stone cold fact that even the average five year old was aware of. Is there any question that gold's value is anything other than massively screwed with?

i think anyone who does a modicum of research into the subject is aware, but that's a small minority of people. i definitely don't think it's the consensus opinion. no one in the mainstream questions these absurd fractional reserve practices. gold bugs crying manipulation are made to appear as the lunatic fringe---don't you think?

and that attitude is spilling over to bitcoin now too. very few people see the writing on the wall with bakkt and other physically settled derivatives that may come to dominate the spot market. the old guard is setting up the exact same infrastructure that already exists for gold.

Gold has it's uses, jewelry mostly. It's got no limit on it's supply, they can just mine more if the demand goes up. Comparing this market with bitcoin with it's infinite potential uses, solid cap and decreasing inflation that is known by everyone is completely fruitless.
No, the bitcoin market cannot end up like the gold market - manipulated into a stagnant oblivion.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: bbc.reporter on June 02, 2019, 03:55:25 AM
@WinslowIII. This might be mentioned before, however bitcoin's economy can also become a stagnant oblivion if the holders continue to hold all of their coins without spending them.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: figmentofmyass on June 02, 2019, 03:57:47 AM
Gold has it's uses, jewelry mostly. It's got no limit on it's supply, they can just mine more if the demand goes up. Comparing this market with bitcoin with it's infinite potential uses, solid cap and decreasing inflation that is known by everyone is completely fruitless.
No, the bitcoin market cannot end up like the gold market - manipulated into a stagnant oblivion.

but why can't bitcoin be manipulated the same way, with fractional reserve paper markets? with gold, the supply doesn't matter since trading volumes are totally disconnected from actual gold reserves. how is bitcoin different? if bakkt starts doing 10x the volume of spot markets---and is physically settled---do you think the market would ignore its prices?

perhaps it's only the hardened gold bugs who actually care.

that's what it seems like. no one else seems too bothered by it.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: pooya87 on June 02, 2019, 04:13:14 AM
but that would cost a ton of money and can not be sustained over the long term since the market is also growing constantly and as a result it is becoming harder and harder to manipulate the price.

what's your opinion about the gold market? prices are dictated by the london bullion market and comex futures market. both of these markets trade volumes that are completely disconnected to the real physical underlying holdings (essentially fractional reserve), yet they dictate spot prices: (https://www.bullionstar.com/blogs/bullionstar/what-sets-the-gold-price-is-it-the-paper-market-or-physical-market/)

Quote
Recent empirical research has determined that gold price discovery is jointly driven by London Over-the-Counter (OTC) spot gold market trading and COMEX gold futures trading, and that the “international gold price” is derived from a combination of London OTC gold prices and COMEX gold futures prices. See “Who Sets the Price of Gold? London or New York (2015)” (https://acfr.aut.ac.nz/__data/assets/pdf_file/0009/29790/T-Putnis-GoldILS-v4.3.pdf) by Hauptfleisch, Putniņš, and Lucey.

by using leverage, rehypothecation/commingling, securitization etc and access to cheap credit, it doesn't seem totally inconceivable that even a market of gold's size could be manipulated, since spot prices are enslaved to fractional reserve markets. and bitcoin will be much smaller than gold for quite a while yet.

/tinfoil hat :P

i can't really speak about the gold market and i don't think it is a fair comparison since the gold market is not going to grow, it is what it is. while bitcoin market will continue to grow for years to come.

these are interesting points and i don't deny the facts about manipulation, its existence and control of the price. what i can never accept is the extent of that control. as i said the manipulation can not be sustained.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: adaseb on June 02, 2019, 06:35:13 AM
Most likely its not even possible to buy the entire 25% of all bitcoin in circulation.

Currently according to Coinmarketcap, BTC has a current supply of 17.7 million, so 25% is about 4 million coins. And if you look at the amount of coins which are moved daily-weekly its around 1-2 million or so. In a given year, if its a bullish year then eventually most hodler's will sell and it might be higher but keep in mind there will be other buyers in the market at the same time.

Hence making it very difficult to buy 4 million BTC in a short time frame.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: 1Referee on June 02, 2019, 11:27:10 AM
Hence making it very difficult to buy 4 million BTC in a short time frame.

It's close to impossible at this stage.

Accumulating any amount over 1 million Bitcoin will very likely be a multi year plan. There aren't that many whale sellers left, and OTC desks depend on them in order to match them with high level buyers. Also don't forget that this is a small smarket. Large scale accumulation is noticed quickly and steep premiums will be charged if there aren't that many whales left to provide enough coins to meet the supply.

In the end, if an entity with the capital was really interested in buying up all these coins, it would have been a secret plan, and not put out in the public like this.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: STT on June 02, 2019, 12:59:22 PM
but why can't bitcoin be manipulated the same way, with fractional reserve paper markets? with gold, the supply doesn't matter since trading volumes are totally disconnected from actual gold reserves.

Bitcoin has an open ledger so thats very different to gold.   At present the worlds largest producer of gold and also buyer and importer of gold is the same nation which is China.   They control the market at present despite USA having the largest reserves of any nation.
Effectively China is setting the gold price by not fully disclosing their figures, they report reserves over some years but Im not sure how accurate.

Buying alot of Bitcoin seems possible but would likely alter the price, the way to buy would be during bad news sell offs when supply and volume spikes.   That way the orders could be better covered, the agency in the article says they are market makers but they could also cover whether its a single buyer or multiple parties and also the likely duration of buying


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: dvdrewritable on June 02, 2019, 01:34:18 PM
Buy 25 percent of Bitcoin in all Bitcoin! But it is a very big investment. So if it is really bought 25 percent, then they are very easy to manipulated market. Applying will be 25% and they will be able to take it whenever they want for good income. However, is true, then we will see the real implementation.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: WinslowIII on June 02, 2019, 05:19:11 PM
@WinslowIII. This might be mentioned before, however bitcoin's economy can also become a stagnant oblivion if the holders continue to hold all of their coins without spending them.

Long term, demand will set the price, not the supply offered for sale. There are too many uses of bitcoin in which the price is irrelevant. You use bitcoin to speculate in order to increase your fiat, it's a mistake to assume everyone else does as well.
There's no guarantee bitcoin will long term succeed in being a major part of the financiall world, if there were the price would be magnitudes higher than now. But you gotta admit, the odds are looking pretty good right now.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Whaleagent on June 02, 2019, 06:17:35 PM
i think anyone who does a modicum of research into the subject is aware, but that's a small minority of people. i definitely don't think it's the consensus opinion. no one in the mainstream questions these absurd fractional reserve practices. gold bugs crying manipulation are made to appear as the lunatic fringe---don't you think?

Hmm. Not sure. I've never hung out in gold bug places at length but it seems plain as you like to me. I don't really see how anyone could think otherwise with the easily accessible figures regarding paper gold. Since most everything else is pure fiction too perhaps it's only the hardened gold bugs who actually care.


They would have to spend around $38 billions to buy 25% of the supply right now, however, as you said, there would be no way to prevent the price from pumping too high. They would need to buy it slowly throughout 1 year or so and even then, what happens if bitcoin goes back to 20k?

Even if they existed they wouldn't have a hope in hell. Millions of coins are lost. Millions are in the hands of people who'll never sell. Millions more will be in the hands of people who'll only sell for many times more than the current price, the rest will be in the hands of people who'd spot someone of that ilk and gouge them until they ran out of money nowhere near their target.

If you add up all the coins on exchange books across the whole world it's probably no more than a few hundred thousand and some of them will be priced at ludicrous levels.

Yeah well, that's also true, looking at this chart: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html exchanges only hold 1-2 million bitcoins at most and that's all of them added up, they will need more than 4 million bitcoins right now to get to 25% so yeah, it looks quite unrealistic, even 5% would be quite hard to acheve, at least in a short period of time, it would only be feasible to do it during 1 whole year.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: figmentofmyass on June 02, 2019, 06:40:17 PM
but why can't bitcoin be manipulated the same way, with fractional reserve paper markets? with gold, the supply doesn't matter since trading volumes are totally disconnected from actual gold reserves.

Bitcoin has an open ledger so thats very different to gold.

having an open ledger doesn't address the problem.

with gold, it's clear as day that fractional reserve is being employed in the price-setting markets. this is provable on paper through public financial disclosures. it's not hidden. the comex gold vault holdings are transparent. the market already knows. it just doesn't care.

since the market doesn't care about fractional reserve, how would a blockchain solve anything?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: gentlemand on June 02, 2019, 08:34:12 PM
having an open ledger doesn't address the problem.

with gold, it's clear as day that fractional reserve is being employed in the price-setting markets. this is provable on paper through public financial disclosures. it's not hidden. the comex gold vault holdings are transparent. the market already knows. it just doesn't care.

since the market doesn't care about fractional reserve, how would a blockchain solve anything?

Surely the near instant ability to verify and deliver is the big difference? There's absolutely no hope of gold ever managing that which is how it's wound up that way.

As you imply, the question is whether The People care enough. Since avoiding fractional reserve is so much easier to achieve I think, or hope, enough will.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: therhslv on June 02, 2019, 08:37:12 PM
Its just a blog on forbes website , i would not trust such a claims . Any other news outlets there that got info about billionare who wants to buy bitcoin ? As i follow alot of good news portals , none of them got article like this currently :) But anyway if he wants to buy then just buy on exchanges and price will skyrocket :)


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: huhhuh18 on June 02, 2019, 08:39:37 PM
Actually, for them to buy up to that percentage, they'd have to cause a huge pump for that to happen and that'll mean their price forecasts will change with time. They should try it lol...maybe that could send us to $1M per Bitcoin. Lovellyy!!!


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: BitHodler on June 02, 2019, 10:40:56 PM
Any other news outlets there that got info about billionare who wants to buy bitcoin ? As i follow alot of good news portals , none of them got article like this currently :) But anyway if he wants to buy then just buy on exchanges and price will skyrocket :)
Obviously, no news outlet is being fed information that important. They just suck everything out of their thumb or rehash what other news outlets wrote and add their own flavor to it to make it appear as a whole new article.

I think it's safe to say that high net worth legacy investors find it an easier and safer option to buy into cash settled contracts rather than spot that requires storage and a degree of technical understanding.

I have seen a lot of crypto related YouTubers pick up on this and use it as a click-bait title to attract more views. The funniest part is that they really seem to take it serious and consider it ultra bullish news for Bitcoin.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Julunguul on June 02, 2019, 11:20:29 PM

25% of the total supply, I indicate there is something suspicious about this.

1st: Are those billionaires going to buy the total supply in 1 price ?
2nd:Transactions that occur can just make panic
3rd: Then after they buy, will the market also change the situation for the better ?

I also curious about the fees of those transaction.  ;D



Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: wekael on June 03, 2019, 12:34:15 AM
I would take such high numbers with caution


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: GregH37 on June 04, 2019, 04:53:43 AM
Bullish news, however, I do not know where Dadiani can find the sellers to buy 25% of the bitcoin supply for her billionaire client. Good luck.

Also, what would the billionaire do to 25% of the bitcoin supply? Use it to help launder his friends billions and make more billions for himself hehehe?

https://i.ibb.co/PTJ0kK5/image.jpg

Far from the murky, impersonal world of online bitcoin and cryptocurrency exchanges, billionaires who want to buy bitcoin do it through an office in west London's upmarket Mayfair—and the relatively new service is becoming increasingly popular amongst the super rich with an interest in crypto.

The Dadiani Syndicate, which styles itself as an investment "platform for ... maximizing your digital holdings," and matches big bitcoin buyers and sellers in a way similar to buyers and sellers of fine art, claims to have helped clients who want to acquire "up to 25% of the bitcoin market."

"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

Dadiani claims to have built up a consortium of sellers from around the world who have "colossal" amounts of bitcoin or who want to buy significant amounts and she is confident they have all been properly vetted against money laundering regulations.

"We don't deal with people who are not clients of reputable banks," said Dadiani. "We are market makers, coordinators of these trades. Once you involve banks and institutions, it's up to them to make sure their clients are abiding by regulations."


Read in full https://www.forbes.com/sites/billybambrough/2019/05/30/how-billionaires-are-buying-up-bitcoin/#2d0a3ddb208c

Hmmm, this sounds so untrue when they understand the risk in this, the time they would have done so was when bitcoin was still quite very cheap, 25% of bitcoin supply will really make the market shoot high and people will dump the coin before they get to use it for the purpose for which it was bought for.

If they want to use it to launder money, they would not have given any hint of it on the news, they could have picked an interest in it too to multiply the investment, you don’t know that money is never enough for a rich man and these guys are extremely rich that the amount required to buy it is still very small to them.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Kasabus on June 04, 2019, 05:23:20 AM
Then they should do it, and hold it so the supply will reduce.
I don't know if that is serious or not, but if it is serious and they want to buy that huge supply, it's only helpful if they will not use it to manipulate the market. But those people who are vocal, cannot be really trusted, if they want to buy and they are serious, they do it in silence.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: DmitFomin on June 04, 2019, 09:16:40 AM
I understand that the fund, which has been tasked to acquire 25%, unites not one billionaire, and perhaps a group of people who can afford to allocate money to buy such a lot of bitcoin. But I think that there are no specific deadlines for the fulfillment of this order and this fund can gradually buy Bitcoin over the years, perhaps partly from miners and other large holders, performing over-the-counter operations so as not to attract too much attention to itself. Although if it is an investment fund, it must complete all transactions openly in order to submit a financial report to tax authorities and investors.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: davinchi on June 04, 2019, 09:47:09 AM
Buy 25 percent of Bitcoin in all Bitcoin! But it is a very big investment. So if it is really bought 25 percent, then they are very easy to manipulated market. Applying will be 25% and they will be able to take it whenever they want for good income. However, is true, then we will see the real implementation.
This is just a speculation, someone must really be a guru to have come up with such a nice idea to create a news that will get people to FOMO, it could also be whales because another tool they use to manipulate the market now is news, once they create the hype and they get the increase, they go behind the counter to dump the coin, thereby crashing the market.

It will be insane of any businessman to want to buy 25% of bitcoin, if we calculate the amount required to do so, we will see that it is quite huge for any business man to drop on market that is volatile, not that they won’t pick interest, but cannot be an heavy investment like this.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: sandra_x on June 04, 2019, 09:49:52 AM
Eventually the rich will own all the bitcoin in the world, they are always a step ahead and taking time time amass their bitcoin. Whoever holds the most bitcoin will control the multi-trillion dollar bitcoin market of the future. Holding on tight to my bitcoins.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: LFC_Bitcoin on June 04, 2019, 12:25:07 PM
Current (approx) Marketcap - 224 billion USD.

25% is over approx billion USD.

I’m calling bull shit on this news/article to be honest. That kind of money would have to be sovereign wealth or something. Ain’t no individual or group coming up with those funds plus good luck finding 20% of the current supply to buy. They’re not having my bitcoin’s & I’d imagine a lot of people feel the same.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Cosbycoin on June 05, 2019, 06:22:17 AM
25 percent is a lot of bitcoin and I dont think they will be risking that much.
They became billionaire with their businesses and they know how should it work.

I dont think they will just burn all that money for something which is not that much reputable to the market.
This might be some kind of news just to continue the hype that is happening in the bitcoin market.
Or, if this could be true then something evil might be behind it.
They got their money through business and I agree, but not just from one source. Business men get their money also by risking investment and bitcoin risk is very small compared to risk that they have been taking, so I wouldn’t doubt if they take this risk also.

They must have seen a bitcoin analyst that would have explained the profit they stand to get with such investment now that bitcoin is on the verge of starting its bull run, and maybe their investment will be the catalyst. The whales we talk about, isn’t that how they manipulate the market by using heavy fund to buy the whole coin they can get to buy from panic sell.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: bitcoin31 on June 05, 2019, 01:55:54 PM
If they really invest 25% percent of the bitcoin supply I think it will rise more the value of the bitcoin so before those billionaire invest better to ua to buy ffirst because we cannof afford maybe next few months the value of the bitcoin because it is very high. These billionaire can help us to cryptocurrency to experienced again bull run so we will sure bull run because of this news.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: beerlover on June 06, 2019, 08:22:34 AM
I think this is more of a case by some billionaire to show off how much money he has than anything else. You may think that all rich people are smart but remember the fact that wall street smart people made their money by being smart however Arab oil money people made their money by just selling their oil and became super rich without working a single day in their life so they are idiots.

If someone gave an uneducated and never had to live on poverty person 10 billion dollars that person would not gain any wisdom about the worth of money in their life. That is why some Arab oil rich whale probably said something like this and just jokingly asked "how much would it cost to get 25% all money, find that out for me" to some company worker and that worker just made that into news. He is not going to do it and even if he does its not for any fundamental smart reason at all.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Kemarit on June 06, 2019, 01:09:43 PM
Current (approx) Marketcap - 224 billion USD.

25% is over approx billion USD.

I’m calling bull shit on this news/article to be honest. That kind of money would have to be sovereign wealth or something. Ain’t no individual or group coming up with those funds plus good luck finding 20% of the current supply to buy. They’re not having my bitcoin’s & I’d imagine a lot of people feel the same.

Exactly, and as much as we admire they showing enthusiasm for Bitcoin, I don't think they will simply throw there billions in this market to push the price. Those people became wealthy because they strategically place their money where it should be. But crypto is a different ball game, there are risk involved and I don't think majority of billionaires will risk their money here. Millions is a different though, maybe they can throw 1 or even 10 million and then forget about it. But billions? Nah, I don't think so.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: barota on June 06, 2019, 01:35:18 PM
this news not real ... they want pump prices with their fake news . because no one can own 25 percent of bitcoin supply without high risk


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Stedsm on June 06, 2019, 02:54:10 PM
Centralization, that's what they want to inspire.
Buying 25% of BTC? Will they ever be able to get it?
Not even 2.5% can be acquired so easily without a real seller that too would be done under OTC trades.
They need people like us (by adding pie-by-pie which would turn it into an ocean of BTC) and many big whales to be able to get that many BTC.

I've got a question here:
When billionaires understand that this is a safe haven asset to invest their money into "at current prices" and multiply their money in a few years or even months, why not just sell them our BTC at mouthful demand and rake in more than at least $50000 or even $100k per BTC? This would either drop their wishes into garbage, or they'd just demand for our prices and even buy at those values which would give BTC a single shot pump to the values they'd be sold at - to these billionaires.  ;D

Trust me, each and every of them want to take control of almost everything. Just don't give your precious coins to these people, you're not just going to sell your coins but give the whole control in the hands of these guys after which they will handle the steering of Bitcoin and move it wherever they want to.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: tippytoes on June 06, 2019, 06:35:53 PM
Current (approx) Marketcap - 224 billion USD.

25% is over approx billion USD.

I’m calling bull shit on this news/article to be honest. That kind of money would have to be sovereign wealth or something. Ain’t no individual or group coming up with those funds plus good luck finding 20% of the current supply to buy. They’re not having my bitcoin’s & I’d imagine a lot of people feel the same.

Might be totally fake news though. But one way or another, it will create something in the community and who knows, it might give a lil bump in btc price even if there's no truth at all with this article.  ;D So for those btc holders, it is still good news.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Boh manok on June 06, 2019, 06:49:54 PM
Wow, this is really amazing, but naturally a billionaire who has a lot of assets who buy enough Bitcoin in large quantities, maybe they want to make long-term investments in the form of bitcoin and I really hope that this is the best for the development of bitcoin going forward


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Mahanton on June 06, 2019, 08:45:24 PM
Then they should do it, and hold it so the supply will reduce.
I don't know if that is serious or not, but if it is serious and they want to buy that huge supply, it's only helpful if they will not use it to manipulate the market. But those people who are vocal, cannot be really trusted, if they want to buy and they are serious, they do it in silence.
Manipulation is inevitable specially if they do hold up 25% of the supply then theres no doubt that this would turns out to be a centralized one.
Where there are people who hold big portion of the entire numbers of btc available so this wont look appealing at all and also
they are not doing this thing for the sake of entertainment or nothing but no doubt it do always target out on making even more money.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: magneto on June 06, 2019, 11:13:09 PM
Quote
"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market."

These are all claims. Nothing solid. I wouldn't recommend basing off your fundamental analysis through rumours like this.

Anyways, if he were to purchase that much of bitcoin's supply, he'd run into a lot of issues. He probably won't be able to obtain funds from the OTC market in that magnitude.

And if he buys it through the open market, he'd rally up the price so much that his cost per unit will be significant compared to before he started buying them up. The BTC market is simply not this manipulable anymore, given its higher market cap, wider distribution, and a more mature market.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: bbc.reporter on June 07, 2019, 04:33:37 AM
@magneto. Agreed. Also, where will the broker find sellers to total 25% of the supply? I reckon an ETF issued by a very reputable institution must be approved this year. Bitcoin derivatives is their only chance to invest billions into bitcoin.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Distinctin on June 07, 2019, 05:00:33 AM
this news not real ... they want pump prices with their fake news . because no one can own 25 percent of bitcoin supply without high risk
But no one will take this news seriously, they know it's just one of the article in the market to pump bitcoin, but people does not easily buy this kind of news now, there is no reliable source and the mission to buy that big is almost impossible.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: 5ensei on June 08, 2019, 01:35:53 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Emitdama on June 08, 2019, 03:46:18 PM
What could you gain from having 25% of all bitcoins? I mean I think this is totally PR move and marketing purposes by the company to say "we are so big that we have customers who are filthy rich and wants to buy 25% of all bitcoins so come work with us" and so forth however they are missing the point that even if you are super rich, like Jeff Bezos type of rich but all liquid, you have 100 billion dollars all on your bank account, it would still not make any sense to get 25% of all bitcoins, how would you use it, what could it be used for? How could anyone gain any advantage for having that much bitcoin? You are literally ruining the market all by yourself which means you are not getting any richer and a bad investment, so the whole idea is moronic.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: iMark on June 09, 2019, 08:30:30 AM
this news not real ... they want pump prices with their fake news . because no one can own 25 percent of bitcoin supply without high risk
But no one will take this news seriously, they know it's just one of the article in the market to pump bitcoin, but people does not easily buy this kind of news now, there is no reliable source and the mission to buy that big is almost impossible.
when investors come with an amount of capital equal to 25% of the total supply of bitcoin then we have seen prices skyrocket at this time, in fact prices are still stable and are in low price position. Thats rights, its just mere speculation to stimulate users to buy more


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: shoreno on June 09, 2019, 09:23:14 AM
The good is that this will help the price of bitcoin to recover and increase more .

The bad is that the supply of bitcoin will now be lessen again  .  i hear that there will be some problems when btc supply have all mined out .

@op idk why you consider it as a money launder  . as long as those investors deal with kyc's , i think its legal  .  its only upt to them on what use they will prefer in thier btc .


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: deisik on June 09, 2019, 09:38:43 AM
What could you gain from having 25% of all bitcoins? I mean I think this is totally PR move and marketing purposes by the company to say "we are so big that we have customers who are filthy rich and wants to buy 25% of all bitcoins so come work with us" and so forth however they are missing the point that even if you are super rich, like Jeff Bezos type of rich but all liquid, you have 100 billion dollars all on your bank account, it would still not make any sense to get 25% of all bitcoins, how would you use it, what could it be used for? How could anyone gain any advantage for having that much bitcoin? You are literally ruining the market all by yourself which means you are not getting any richer and a bad investment, so the whole idea is moronic

There is another question

That is, how are they going to buy so many bitcoins in the first place? Okay, you have 100 billion dollars as a change or pocket money (or whatever) and want to buy as many bitcoins as you can potentially buy. You assume you will be able to buy 25% of all bitcoins but you will fail for at least two reasons. First, there is only a small fraction of bitcoins in circulation today and even if this amount is anywhere close to 25%, your buying spree will cause the price to surge so high that you will feel like a church mouse dwarfed by the market explosive growth (read, no money can buy all bitcoins or even just 25%) 


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: eaLiTy on June 09, 2019, 10:14:53 AM
I know these dudes are definitely rich, that saying "rich" even undermines how much wealth they actually have, but I don't think they can even buy 25% of the total supply. Even if they buy it all through OTC through multiple entities, it's going to pump up the price too high I think. Correct me if I'm wrong.
They are definitely super rich and majority of them will not reveal their entire wealth and so is the reason you wont see them feature any Arabs in the worlds richest list , what if the super rich Arabs will come together and make a consortium to take over the entire market, the oil industry is drying up and they will need something else to rule the world and they might have seen bitcoin as the future of trade and commerce. If they are planning to get 25% of the entire market then the prediction of John McAfee will be true in the coming years  :D. 


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: michellee on June 09, 2019, 11:29:00 AM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again

The price will be rise again, and I see there is a sign in the market that the price wants to increase if you take a look at the market, the price increases than yesterday, so we have a chance to see it will back to $8000 again. I think this time, the billionaire won't let the chance to buy bitcoin at a low price because they will always want to get bitcoin at a low price.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: joshy23 on June 09, 2019, 12:03:41 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again
It will bounce back to another high, if you have enough money to invest buying will be profitable, interest from big whales already been showing
there's big names and players who already eyeing to make a move to invest in, for sure businesses will follow to trend and push everything up.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: BitHodler on June 09, 2019, 02:27:38 PM
They are definitely super rich and majority of them will not reveal their entire wealth and so is the reason you wont see them feature any Arabs in the worlds richest list , what if the super rich Arabs will come together and make a consortium to take over the entire market, the oil industry is drying up and they will need something else to rule the world and they might have seen bitcoin as the future of trade and commerce. 
Where people go wrong is that they think billionaires being worth $10-$20 billion have that much in actual cash, which by far isn't true at all. The majority of this wealth consists of stocks, options, etc.

I doubt many of the super billionaire elite have even $1 billion on their bank account. Cash is worth more than their wealth sitting in stocks and whatnot, so they'll think twice before investing it in Bitcoin or any other risky asset.

Can billionaires team up and buy a large chunk of the supply? They surely can, but at one point there will be conflicts of interest driving them apart. Overall, it's a juicy conspiracy theory, but I doubt it's going to happen.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: omonuyak on June 11, 2019, 08:07:27 PM
@WinslowIII. This might be mentioned before, however bitcoin's economy can also become a stagnant oblivion if the holders continue to hold all of their coins without spending them.
All the holders will not hold their coins at the same time and it is not possible for that to happen but if majority are holding there is no way it will not grow. Remember that whenever we sell bitcoin, fund is flowing out of it but when we hold most time, fund will be flowing into it. The reality is that, if we keep holding till when big buyers come into the market we would be able to sell to them at the high price.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: thecodebear on June 11, 2019, 11:14:14 PM
@WinslowIII. This might be mentioned before, however bitcoin's economy can also become a stagnant oblivion if the holders continue to hold all of their coins without spending them.
All the holders will not hold their coins at the same time and it is not possible for that to happen but if majority are holding there is no way it will not grow. Remember that whenever we sell bitcoin, fund is flowing out of it but when we hold most time, fund will be flowing into it. The reality is that, if we keep holding till when big buyers come into the market we would be able to sell to them at the high price.


No, you hold as the big buyers come in, and keep holding, and once the dozens or hundreds of millions of little guys that pile in afterwards because of FOMO come in, then you sell to THEM.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: creeps on June 11, 2019, 11:58:13 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again
This is actually big, though its good to have more investors but if they plan to get bitcoin for a total of 25% of the supply, then they are a big whale and they can now manipulate the price. Yes, every correction will end and right now if there’s a more demand we will see the price to recover, it will pump and hopefully go for more.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: jademaxsuy on June 12, 2019, 07:17:38 AM
LOL, I can't really think of a reason why one would buy a 25% of bitcoin in its supply when in fact bitcoin adaptation is not yet establish and that is a huge number of bitcoins so how one could utilize the number of bitcoins to be bought?

Hmmm..If OP is right then money laundering with his friends using the anonymity feature will really do and being advantage for a bitcoin holder.

Or maybe that billioner has plan something and wish to know more about it. It is vert interesting to know on how or why he likes to buy 25% of bitcoin supply.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: el kaka22 on June 12, 2019, 03:28:37 PM
I always wonder something close, not 25% at this current stage but when the first bitcoin started and the first million bitcoins were mined, what if I got like 100 thousand bitcoins all at once instead of putting that in the market and making people get some of it like it was normally done.

People got bitcoins they mined it, they traded it, they basically used it but instead of that I would have owned and just put it on my wallet. What would have happened? Would I basically kill the market all by myself since there was less bitcoins on the market and it would be harder to acquire which would send people away from it or would it be more valuable and got higher in price quicker since there was even more limited amounts of it?

Plus, would I do something with it or just hold it forever? What would I do if I had 10% of all bitcoins? I can't just sell it right away since that would ruin the market. It is always a tricky thing to control a big portion of a finite resource.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: cabron on June 12, 2019, 03:44:59 PM
LOL, I can't really think of a reason why one would buy a 25% of bitcoin in its supply when in fact bitcoin adaptation is not yet establish and that is a huge number of bitcoins so how one could utilize the number of bitcoins to be bought?

Hmmm..If OP is right then money laundering with his friends using the anonymity feature will really do and being advantage for a bitcoin holder.

Or maybe that billioner has plan something and wish to know more about it. It is vert interesting to know on how or why he likes to buy 25% of bitcoin supply.

For a billionaire, I don't think he would have to launder his wealth he can pay his taxes but having move his wealth to bitcoin, he could make it to 100X and can hide how much btc he got which he may not have to pay taxes soon. Maybe the billonaire is also just preparing for the future, he knows cryptocurrency is getting attention and its technology are now being developed by huge companies. BTC is his investment.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: eaLiTy on June 12, 2019, 09:21:43 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again
If someone or any financial institutions plan to invest in bitcoin and they have the audacious plan to purchase 25% of the global bitcoin supply they will not bother the price fluctuation of thousand or two thousand dollars to invest in it, their plan is to hold for the long term when the price of bitcoin crosses over a million dollar or reach their target and even if they invest billions of dollars at this point in the bitcoin market the price would increase and could cross $50 K per bitcoin.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: onrise on July 05, 2019, 06:02:32 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again

Just think if billionaire buy such huge money ty then from 11k market will swing above 20- k easily as the supply may not be available that easily if bulk qty is being purchased . So investing and holding the coins of btc is always recommended .


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Oilacris on July 05, 2019, 11:04:36 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again

Just think if billionaire buy such huge money ty then from 11k market will swing above 20- k easily as the supply may not be available that easily if bulk qty is being purchased . So investing and holding the coins of btc is always recommended .
When it comes to purchasing capability or power then these billionaires can do such thing which this news is indeed a good

one yet we know that price can swing up positively yet the demand had increased but somehow it do have risk of manipulation.
Imagine owning 25% of the current supply will just really make an easy pump and dump afterwards.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Wilhelm on July 05, 2019, 11:20:46 PM
billionaires and millionaires have been "parking" their money in bitcoin for a long time now. this is nothing new. but saying some billionaire wants to buy $36,550,000,000 worth of bitcoin in one go is just dumb hyped up news if you ask me. such amounts can only be accumulated over many years of buying and most of these types of people sometimes go to miners directly to acquire bitcoin (send block reward to their addresses) which means it takes longer even.

Nah just do it in one market buy order ;D


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: WinslowIII on July 06, 2019, 12:22:33 AM
What could you gain from having 25% of all bitcoins? I mean I think this is totally PR move and marketing purposes by the company to say "we are so big that we have customers who are filthy rich and wants to buy 25% of all bitcoins so come work with us" and so forth however they are missing the point that even if you are super rich, like Jeff Bezos type of rich but all liquid, you have 100 billion dollars all on your bank account, it would still not make any sense to get 25% of all bitcoins, how would you use it, what could it be used for? How could anyone gain any advantage for having that much bitcoin? You are literally ruining the market all by yourself which means you are not getting any richer and a bad investment, so the whole idea is moronic.

"What could you gain from having 25% of all bitcoins?"

Dumbest. Question. Ever. Asked.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: pereira4 on July 06, 2019, 12:30:23 AM
What's fun with these forbes thingies is that eventually some oil towelhead dude will eventually buy a massive chunk of Bitcoin because he has heard on the news that this or that. And so he does, and because he is a computer illiterate, he ends up forever losing the private keys, which means those which aren't computer illiterate get that nice pump from the supply shrinkage, and so it goes.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Barbut on July 06, 2019, 05:23:26 PM
What's fun with these forbes thingies is that eventually some oil towelhead dude will eventually buy a massive chunk of Bitcoin because he has heard on the news that this or that. And so he does, and because he is a computer illiterate, he ends up forever losing the private keys, which means those which aren't computer illiterate get that nice pump from the supply shrinkage, and so it goes.

That oil dude has a team behind him, that team will secure private keys, I don`t worry about them. What`s fun for me is that these oil dudes can afford to buy a lot of any coins, not just bitcoin, with money they have they can control markets, to move the price in the way they want.
But as time is passing it will be harder and harder to get BTC. I think that works for some other coins too.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Oceat on July 06, 2019, 09:56:40 PM
There is no better chance than now if they want to buy up a quarter of the bitcoin supply. The price went down for a short while but there is no way it will stay that way for long, too much demand from other whales will bounce it back up again

Just think if billionaire buy such huge money ty then from 11k market will swing above 20- k easily as the supply may not be available that easily if bulk qty is being purchased . So investing and holding the coins of btc is always recommended .
When it comes to purchasing capability or power then these billionaires can do such thing which this news is indeed a good

one yet we know that price can swing up positively yet the demand had increased but somehow it do have risk of manipulation.
Imagine owning 25% of the current supply will just really make an easy pump and dump afterwards.
Don't worry they can't buy 25% of the current supply in one go it will take a lot of time to process that and it might hype the price of Bitcoin.
We can call them whales already if they do have that kind of Bitcoin in them if they bought the 25% current supply.
Imagine how much money is that they were holding and since they were a billionaire it is too easy for them to purchase whatever they like.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Yamifoud on July 06, 2019, 10:33:14 PM
What's fun with these forbes thingies is that eventually some oil towelhead dude will eventually buy a massive chunk of Bitcoin because he has heard on the news that this or that. And so he does, and because he is a computer illiterate, he ends up forever losing the private keys, which means those which aren't computer illiterate get that nice pump from the supply shrinkage, and so it goes.

That oil dude has a team behind him, that team will secure private keys, I don`t worry about them. What`s fun for me is that these oil dudes can afford to buy a lot of any coins, not just bitcoin, with money they have they can control markets, to move the price in the way they want.
But as time is passing it will be harder and harder to get BTC. I think that works for some other coins too.
Let them invest in crypto and let see how they could generate profit more than they will get from an oil refinery. Let those billionaires become a part of crypto space and give them chances to feel how the market moves. Yes, they have a lot of money and can certainly influence the market but how they play with it if they don't have knowledge in crypto?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Omnipotent1 on July 07, 2019, 02:11:25 AM
I wonder how that would affect things. The average person would not like some dude owning 25% of the supply.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: michellee on July 07, 2019, 03:03:05 AM
I wonder how that would affect things. The average person would not like some dude owning 25% of the supply.

That will need much money to buy 25% of the bitcoin supply and I think that will affect the price but I don't know if the price will increase or decrease. I think if that is true, maybe some big whales want to prevent the price not go down too deep and they will hold the price by blocking the order with placing a large amount of bitcoin. But we know that everything can be possible for the market and we cannot predict what will happen later.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: stadus on July 07, 2019, 03:03:58 AM
I wonder how that would affect things. The average person would not like some dude owning 25% of the supply.
Even the rich people who let's say can afford to buy, but I doubt they will risk their money for that big supply in bitcoin knowing that's a risky investment.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Lucius on July 07, 2019, 01:17:13 PM
As others say before, if someone want to buy 25% of all bitcoins, it would mean that it wants to buy more than 5 million bitcoins, and main problem with that plan is that there is no so many available bitcoins on crypto market. They would also need to do this via OTC, but even with such buying they will probably increase price of bitcoin even before they could get first million.

Safest way is to buy little by little, and wait for big correction when price is hit bottom - in this way they can save big money and get more coins at the same time. I absolutely do not doubt that those who have a lot of money will not find the best ways to invest in bitcoin if they really want that.

Maybe someone thinks that the richest people in the world are Gates, Buffett or Bezos - but they are just poor for real wealthy people, they accumulate their wealth for centuries and they can buy whatever they want, bitcoin market cap is dust for them.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Kemarit on July 09, 2019, 10:14:37 PM
I wonder how that would affect things. The average person would not like some dude owning 25% of the supply.
Even the rich people who let's say can afford to buy, but I doubt they will risk their money for that big supply in bitcoin knowing that's a risky investment.

On the contrary some average dude would love to see something like that to happen, why? Because he knows that the price will pick up, his portfolio grows and everyone is happy. On the downside, he can be a big player, a whale than can manipulated the price in his favor. If might not be that easy to do, but having such enormous amount of Bitcoin is definitely a plus for him.

Those whales has deep pocket, and I'm sure they own their money through investments so they definitely will factor in the risk, if ever they wanted to join the fun in this market.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Dreamchaser21 on July 10, 2019, 01:44:47 AM
I wonder how that would affect things. The average person would not like some dude owning 25% of the supply.
Of course we want to prevent this to happen but they are billionaires they can do this easily without even thinking for the small investors. We should be happy if they adopt bitcoin but hopefully not to manipulate the bitcoin movements which i think is going to happen if ever.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Cherylstar86 on July 10, 2019, 03:00:22 AM
That's awesome if that guy could purchase bitcoin to that percentage, and it costs a lot of money. He should be considered as one of biggest whales who could help btc price to soar back until $20k will be reached. Let's see what will be the results of this in the long run, and hope for btc to gain faster price increase.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: joshy23 on July 10, 2019, 05:21:07 AM
That's awesome if that guy could purchase bitcoin to that percentage, and it costs a lot of money. He should be considered as one of biggest whales who could help btc price to soar back until $20k will be reached. Let's see what will be the results of this in the long run, and hope for btc to gain faster price increase.
It's a good sign also if  he will hold that amount of btc and keep buying for more, will only means that the price will continue to soar high and we will
be expecting for a much better / higher value in the long run, lets hope for the best with our invested money.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: Arkham Knight on July 10, 2019, 07:23:31 AM
I wish not, I mean not now. Those billionaires should be the last people to buy bitcoin if ever they had the riches to have the 25% of its supply. Just imagine guys if they already have bought  that supply on this year and someone is very good at manipulation and make them panic then it's a massive dump where $1k is not even the bottom of it. They should help us reaching $1m after btc reached $100k or $500k.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: marcbitcoins on July 10, 2019, 07:41:12 AM
I know these dudes are definitely rich, that saying "rich" even undermines how much wealth they actually have, but I don't think they can even buy 25% of the total supply. Even if they buy it all through OTC through multiple entities, it's going to pump up the price too high I think. Correct me if I'm wrong.

Lets say that it is really difficult to buy these 25% total supply of Bitcoin but the most important thing is that they will buy and support Bitcoin that any small percentage of buying will already a big support to make the Bitcoin market to become more healthy and stable once again as for sure these people will hold their Bitcoin assets for long term investment.


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: leea-1334 on July 10, 2019, 11:08:16 AM


On the contrary some average dude would love to see something like that to happen, why? Because he knows that the price will pick up, his portfolio grows and everyone is happy. On the downside, he can be a big player, a whale than can manipulated the price in his favor. If might not be that easy to do, but having such enormous amount of Bitcoin is definitely a plus for him.

Those whales has deep pocket, and I'm sure they own their money through investments so they definitely will factor in the risk, if ever they wanted to join the fun in this market.

Yes, I would love it too,,, because so what if someone holds 25%? Does he want to dump it later on? No problem. when he dumps people will buy,,, the price will crash but it will pick up again for sure. And if he holds forever, then we are more scarce, and even 1 satoshi is worth something who knows?

Billionaires by the way if they spend $1 billion only they can buy 100,000 BTC which is not even 1% of supply?


Title: Re: Billionaire wants to buy 25% of the bitcoin supply
Post by: iMark on July 11, 2019, 01:38:10 AM
What could you gain from having 25% of all bitcoins? I mean I think this is totally PR move and marketing purposes by the company to say "we are so big that we have customers who are filthy rich and wants to buy 25% of all bitcoins so come work with us" and so forth however they are missing the point that even if you are super rich, like Jeff Bezos type of rich but all liquid, you have 100 billion dollars all on your bank account, it would still not make any sense to get 25% of all bitcoins, how would you use it, what could it be used for? How could anyone gain any advantage for having that much bitcoin? You are literally ruining the market all by yourself which means you are not getting any richer and a bad investment, so the whole idea is moronic.

"What could you gain from having 25% of all bitcoins?"

Dumbest. Question. Ever. Asked.
25% percent means that person must buy 5000 btc, equivalent to $650,000,000 and where you can buy that much bitcoin ?
while bitcoin has been spread to millions of users and wallets, yeah that is a dumbest question and will never happen