Bitcoin Forum

http://www.marketwatch.com/story/soros-nearly-doubles-down-bearish-bet-against-sp-500-2016-08-16

Looks like he is doubling his short position betting for basically another collapse. Time to stock up on BTC.

From what I know, when the newspaper gives you investing advice, you better not follow that advice.

In any case, it does not take a rocket scientist to know that shit is going to hit the fan. It's a matter of time so you better hedge against it.

do you think this will lead btc to another pump? because i can't see the correlation, why the price should be pumped if a millionary guy is dumping in a stock/gold market? i see this happened many other time, did bitcoin inctreased in those times?

Soros is a very good investor. Always worth to see what the big guys are buying.

Soros is bearish for a while now. He build a huge position in gold in the last months.

I think main point will be to know did he have ever played with bitcoin trading, we haven't seen much relation with gold price and bitcoin price before.

The last time Soros did a move was with gold and he was right again, so I would expect something happening. I think it will take 2 to 3 years but that's WS people waited with their short positions for the 2008 crash to become rich.

You better follow that old bastard's moves. They said he has been buying gold in January when the price was 1k$ (i was saying fuck off there is no way and shit) and now gold is more than %30 up. That old scumbag is a hero.

edit: ^ wtf, i was typing the same shit.

If the world economy is in serious trouble, the investors will not have enough money to invest in bitcoin, the bitcoin price will also drop.

He also shorted Deutsche Bank months ago when the price was 20% higher than now.

This man has a really good instinct when it comes to excellent short opportunities.

http://www.ft.com/cms/s/0/9a797720-3d0c-11e6-8716-a4a71e8140b0.html

The world economy is in serious trouble for quite a while now. Still, it's hidden so well by politicians that some still don't know that...

I didn't know it but i follow deutsche  closely. They are @ all time low at the moment since 2008. They are about to get fucked up and the whole world with them.

Hey, not so fast! Soros is good, but there's no direct link between the SP500 and BTC. One going down doesn't mean the other one will automatically go up.

Before this could happen, the bank will be saved by tax payers. No politician will admit that a bank like the Deutsche Bank goes bust.
However, this will cause a lot more trouble than after Lehman. So probably you are still quite right.

...

I would be very careful following Soros moves in the investment world.

First, he almost surely has already "front-run" everyone, so if he gets people to load up on his (bought earlier) positions, he is a winner.  And then he can sell to even newer buyers later on ("pump & dump").  If I remember right, he did not advertise his short on the British Pound (that famous bet where he won $1,000,000,000 in one day).

He's a sneaky guy, with no real love for anyone.

Caution.

That is true about anybody in the investment world.
They make their views public after they have made their investments. Would be stupid to do it otherwise.

Don't forget that we may only see a tip of an iceberg, and we never know what the guys like Soros are really up to. We are given only a tiny piece of information, we don't know what his real portfolio is made up of that would reveal his objectives. I guess many would pay a high price to get that knowledge real-time (his fund for which he is obliged to disclose info may just be a veil to hide his real intentions)...

So, instead of just being uninformed we are essentially being misinformed

It seems that what you expect to happen has already happened. From the same piece linked in the OP:


The morons in the Gold vs Bitcoin thread (and its clones) would be greatly surprised by the amount of profits Soros might have made with gold in so short a time...

If they had brains in the first place, and were given a chance to find out in the second, of course

This is normal for Soros.

He is making money everytime there is a crysis in the world economy.

I`m not pretty sure that this inforamation is true.

It might be true, or only half true (with you getting the wrong half as usual), but in any case this info is already irrelevant since it is dated and outdated. He is said to be doubling his short positions allegedly betting for another collapse, but we don't know his long positions, so we can't be sure what he is actually up to...

Since naked shorts isn't something that speculators of the Soros caliber usually stick to

Soros pretty much controls the mainstream news for US (I'm sure other countries as well)

If you have this kind of power, and information about your trading habits are being released like this, I would stay the hell away from him, and not let him influence your decisions - because he could just be releasing this information to grab a quick billion from the dumbass investors that follow him fervently.

is it just me or this article actually has nothing to do with bitcoin?
it is actually talking about his position with S&P 500 which is an stock market index, and unless OP is suggesting a relationship between the two i don't see anything here!

Agreed, but it's always possible he's wrong.   Anyone can be, you know. Having said that,  I do think the stock market is kinda sorta really high right now,  and if I had enough money I'd buy some land, dig my bunker,  and hide out until stocks are cheap again.

I guess it is just you. Another financial collapse which Soros is allegedly betting for has everything to do with Bitcoin. How come? Because any crisis (let alone a collapse) by definition affects living standards of ordinary people in mostly negative ways (though a few may become rich and richer while there is blood in the streets), and among them are those who have bitcoins. Evidently, some of the latter having lost their jobs will have to sell their bitcoin stashes in order to pay their bills as well as buy food and all other things people usually buy with fiat on a daily basis...

Conversely, some others which are better off may decide to buy even more bitcoins to defend themselves against the collapse that Soros is said to be forecasting

Bwa ha, me too re buying land and a bunker.

But, you would want to "under-buy" your land (buy less than you can afford), property is very easy to tax, and they would.  Make sure to have enough money to pay off the tax collectors.

Agreed that stocks are dangerously high.

Fucking love this shit, it's the same with the people that watch Jim Cramer and expect to make some mega-fucking-returns!

George Soros is a little rat too, Hillary Clinton supporting rat.

this is what i think too, when there is a public and big announcement like this, it usually means things aren't that serious.
but also it is a much better idea to keep it in mind and stay vigilant on acting on it in case there was 0.00000001% chance of it coming true in other words you can buy bitcoin more if you are aware.

Unfortunately, tax collectors return every year.  :P
It is not just stocks which are dangerously high. Quantitative easing has made any asset class worth its salt go through the roof.

That is hell of a true, i have never followed any advices from newspapers/celebrites/brokers or smth, because in most cases,
 it is like you would choose stocks blindly.
I prefer doing it by myself, I feel more secure... and i dont like when somebody tells me what to do.

How does it relates to bitcoin? I don't see the link yet.

One of the main investors and force of economy is selling stocks and shifting his attention into gold and silver market?

Maybe there is no direct link bitcoin link here but bitcoin is viewed as many as digital gold. Soros is probably predict crash or drop on traditional markets.

Which is always good for alternative like bitcoin.

Evil Soros shorting the world. And the world is not enough, nowhere near enough

Although clearly not a sympathetic person, Soros is a successful investor. I share his bearish market assessment, since the central banks interventionist policy is clearly failing in front of our eyes. The newly printed money has created huge bubbles at the bond and stock markets that have no fundamental underpinning. The stock market is already loosing momentum, as investors are loosing faith. It's only a question of months until we will see a major correction.

Of course, Soros is using his media connections to widely communicate his assessment in order to induce psychological effects in the desired direction. In a strict sense, you could even call this market manipulation...

ya.ya.yo!

Bitcoin, just like gold, is one of the few assets you can own yourself, it does not depend on someone else holding it for you. In times of doubt, those assets are the best, this is why old money tends to go to gold, and new money goes to bitcoin.

I see what you mean, but you still get it wrong. Bitcoin is not like gold in the sense you mean it. Speaking generally, it is just like fiat in the sense that it has no value of its own (besides that of being money, which it is not, just in case). But please don't tell me that Bitcoin is not fiat since it is not emitted by the state - that's not my point. You can just as well own paper banknotes, but their value is still beyond your control. The value of gold is also beyond your control, but it is fundamentally beyond anyone else's control...

This is what you meant to say, and only gold fits here flawlessly

Actually our world has been in a recurrent, permanent crisis for long, so it not surprising to keep a pessimistic outlook of markets these days and that is why shorting is the most frequent position in markets for old traders looking for sure bets.

As I said, we don't know his real portfolio structure to make any definitive conclusion, but we can safely assume that every short position Soros holds is balanced (hedged) by a long position in something else. That's likely the only way money can be made consistently in the long run. And Soros is not a prophet, he lost badly (~$2B) in Russian markets in 1998...

He wanted to play the same games as with the sterling, but got fooled himself at the end of the day