Bitcoin Forum

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Author Chris Vermeulen (a gold guy, but, hey I am too) writes that China and big investors (the Winkelvoss twins have not gone away) represent the bulk of new BTC purchases.

http://www.24hgold.com/english/news-gold-silver-large-investors-become-major-buyers-of-bitcoin.aspx?article=8762349738H11690&redirect=false&contributor=Chris+Vermeulen

nice article ! but i think these guys are already in.. a billionare would not share his thoughts about the next move thinking to make,
but the sure is as bitcoin mention on various articles like this more people they will be aware,
anyhow ill be glad to be on the same boat/train with gold/silver holders and investors

Obviously Bitcoin is very interesting for the gold bugs, holding Bitcoins long term is basically the same thing.

For big investors its big tougher to get in as the Bitcoin is very illiquid market for the amounts they are used to, so it might suddenly increase the Bitcoin price a lot, and limiting to buy certain amount of Bitcoins only daily to dont affect the price is time consuming work and very slow way to move in to the Bitcoin for them.

Im sorry for Winkelvoss twins they need wait so long and trying so many times for the positive regulatory decision - what a joke.

Happy to  see the news that billionaire is  buying bitcoins for investment. Above article news has shared complete details ,if more people buy bitcoin  like this it will be good news for bitcoin market and price will go high much more :)

Regarding big investors they have the possibility to buy bigger amounts of bitcoin via OTC market.
That could also be a reason why Bitcoin still is pretty cheap at the moment.It's very easy for those OTC traders to suppress this small market and sell bigger chunks for a good price to their customers after enough of accumulation had been made.
Vinny Lingham wrote a great article about it not that long ago.

https://vinnylingham.com/the-1-dont-use-bitcoin-exchanges-ff019774d886#.oxs0n4tzo (https://vinnylingham.com/the-1-dont-use-bitcoin-exchanges-ff019774d886#.oxs0n4tzo)

The whales will come first before the common folk. The average joe is simply too dumb to see the point in bitcoin yet so the deep pockets will come next, then later on the average joes, that's how it goes. The good news is, this fact makes us pioneers since we have been involved before big investors got interested.

bitcoin is at a very good place right now and i am not surprised to see big investors show interest in it. with the halving done and the price being stable, everything is getting ready for another huge rise just like the last time halving happened, and i doubt that any good investor would want to lose this opportunity to make a huge amount of money.

Cool!  It would be good for big whales to buy some and thus boost the price for us minnows.   I have no problem with whales or the Chinese buying it up.

these people are smart, and thus will or have already been buying small fractions per time to not let the price go up too much. in general this is of course good news as the big boys have interest in taking a position in bitcoin, but it won't be that noticeable in the price. it does however make sure a good number of coins are (temporarily) gone from the market, which translates into less coins being put up for sale.

I'm sure alot of whales have been buying in smaller accounts so as not to raise any suspicions but a lot have already bought on a large scale already.  It will be tricky getting new ones in but would do bitcoin wonders if we managed to get a few more.

I hope the price gets a boost and we are going back to the 1,200$ glory days.

OTC trades (and large ones at that) probably make up the majority of the net bitcoin worth transacted everyday. The magic happens off the books, usually. If you were making a substantial investment, and you didn't 'grow up' in this janky environment of exchanges, would you send 100k worth of value to Poloniex or Yobit? We take alot for granted because a lot of us have been in this ecosystem for a few years now, and we have come to accept things as they are, not how they should be. Traditional finance doesn't share these blinders with us, they have their own  ;D

The twins maybe a real gamblers to gamble and put to risk million or I should I say their billions of investment. If in case the price will go down they will get a heart attack
But I guess they have a group of financial analysts and trading experts to monitor and predict the movement of bitcoins. I'm sure they are not stupid to waste such big money that they are not sure they will profit.

And this is why, since they got their exchange up and running, I'm optimistic for the future of btc. They have reputations in finance that precede this bitcoin thing, for them to go all in (apparently with the blessings of experts) is a good thing. Also, they attract more of traditional finance to the party, which is the opposite of a problem.

these have always been a big part of the investors that has been buying a lot of bitcoin over the years, and they have became whales for themselves over the years.
and these twins may seem like exiting bitcoin sometimes but i guess that is what they want others to believe and in fact they have always been so deeply invested in bitcoin.

can't be sure with it, if demand increased so does with the price but the price just falling,maybe they're buying it periodically and small by small
but still it could affect the price to up not to down

That would make them the dumbest investors that ever lived. Bitcoin has no intrinsic value like gold does. It's not used in manufacturing anything. If they are the major force behind the economy and they aren't spending them but only hoarding them then their is no economy.

That means they are investing in a money without government backing, with no economy, with no intrinsic value, with almost zero velocity, with bad media attention suppressing widespread use, where financial crimes are the norm in business, where good businesses are dark web based and sell illegal items, where the money printing press is run by a constantly changing and unorganized clusterfuck of leaderless bafoons (devs) and they are buying up all the potential for the money to start being used.

Yeah, that sounds legit. The only good news in this is the Winkledouches will lose all the money Mark Zuckerberg worked so hard to accrue. The most difficult thing the Winkledouches ever did was hire an attorney.

their average buy in is $10 or less. they're gonna have quite a wait before they get twin heart attacks.

i'll bet there is alot of trading going on behind closed doors. there was the tweet from the bitfury guy a few weeks ago turning down a family office looking for 25,000 btc.

as for the price suppression thing, surely new waves of whales arrive all the time. does this mean the bitcoin price is going to be suppressed until every whale in the whole world has what they want? that's several decades of suppression.

by that point everyone else will have migrated to coins with some actual action leaving all the whales with worthless tokens.

They probably do to be honest, chances are they see some value with it and or they know that there's a lot of money to be made off of it in the future, because there is no way they would be doing anything otherwise with that money. The richest people in the world buy things for a reason, and if these people are buying a lot of Bitcoin they have a very good reason for it.

Don't trust that VC investors know what they're doing. Somewhere between 75-90% of all VC investments fail. 48 billion VC dollars were lost between 2011 and 2015. I think most of them have more money than brains.

The question is, how are big investors moving a lot of coins without it showing up?
Do you think someone is passing over the keys to accounts so they can move the coins without it showing up in a transaction?

If whales were moving a lot of coins, what methods would they use? Because it would be against their interests for people to see them moving so much BTC publicly.
(Sure you could divide the coins between addresses, but if you moved 10,000 coins, for instance, would you really do 1,000 transactions for 10 coins each to hide your move?)

Okay nevermind I'm watching the transactions in realtime and you can clearly see transactions of 200, 300 or more BTC at a time.
https://blockchain.info/tx-index/163606750
Heres a huge transfer

you'd have to be a very dumb whale to pay up and accept a paper wallet with the original private keys on and tuck it away.

at the same time xapo operates a super secure vault type thing that supposedly alot of big shots store their coins on. perhaps they transfer ownership without them moving. maybe they never know what the private keys are. seems unlikely but possible.



does buying btc directly qualify as venture capital? seems more like long term speculation to me. and i agree with you. vc seems to be shorthand for throwing away as much money as possible in the least time.

all of these are true but that doesn't make bitcoin a bad investment.

also you have to admit that all of what you said was true, even more true back in 2011 too, back when price was below $1
it was once again true on April 9, 2013
then again we can see how true they are one more time in November 2013 and continued being true until the end of the year.
and this doesn't end there either,
again it was true at the beginning of October 2015
and the most recent one is the June 2016 that all you said became true.

and yeah sure big investors, like giants named WinkleWhatever are losing money at all these times in the history :D

Nothing is a bad investment as long as you know when to get out. When is that exactly?

i am not claiming to be a good speculator, or even A speculator that you are asking me this.
this topic is about big investors buying bitcoin now and with all the negative things you said about bitcoin i just wanted to add that bitcoin has been super profitable over the years and those big investors know something that they are investing.

Not all rich people buy things for a 'very good reason'. To the majority of them, it's only about profits. There's only a rare percentage of rich people that invest in a certain thing for a noble reason.

ECB

Your comments are interesting.  I suppose that many (I don't know about most) BIG investors did buy in at much lower prices.  I might not have!  BTC was a tiny, little known speculation back then when I first heard about it.  I doubt I would have put much into unproven BTC.

Also of interest is the Bitfury guy declining to sell a BIG amount to a family office.  I missed that item.  Family Offices often have HUGE amounts of money (as did the one you mentioned).  I only know of one, but they are not that wealthy, they might pony up $2,000,000 or so for BTC, I doubt any larger amount.

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It would indeed be of great interest to learn more about the almost surely opaque world of LARGE PURCHASES of BTC (great illustration Shiroslullaby).

What say you all re such large purchases?  Would many of them (OTC) be done via the mining pools?  Do any of the very early wallets with HUGE balances sell much?

So interesting...   :)

I guess that maybe some big sharks manipulate the bitcoin price to gain profit.

This isn`t a surprise for me.

Unfortunately the bitcoin community is still small and not growing fast.

Buying large amounts of btc is just a part of their plan. Take the winklecunts for example, they bought up as much coin as they could while investing in Bitinstant (which failed) and some stupid Bitcoin IPO (which also failed).

what really, really intrigues me is when is the greater fool theory left behind for good and does it still apply to bitcoin? if i was a super rich person i dunno how i'd feel giving some techno geek asshole a 500x return. i guess they must believe there's a whole world of upside left.

the mining pools have such insane overheads that they'd be crazy to be dealing with exchanges. otc stuff must be happening through them.

If I was a gold bug, I would also be interested in investing some of that capital into something that resembles the digital version of gold. In these turmoil economic times, you need a method to move

your wealth, without the restrictions of borders. Most of the other commodities and stock exchanges can be shut down in an instant, if the governments and the bankers gets their way. Bitcoin allows

for capital flight and the flexibility to do this, without the restrictions placed on them by current centralized systems.  ;)

One small high altitude emp burst could take out all of the electronic devices in Europe at once. Governments will dissipate into dust overnight. Gold will be all that's left.

you can't eat, fire or inject gold. gold's just as much an abstraction as everything else is in the modern world if it turns to dust. i wouldn't take gold for a pile of toilet paper, antibiotics and bullets.