Bitcoin Forum

George Soros is getting into crypto! To be precise, Adam Fischer got the approval at New York-based Soros Fund Management to trade virtual coins.
This is particularly interesting knowing that Soros called Bitcoin a bubble in January. Maybe the recent fallings in the crypto market changed his mind?
Also, I wonder how much will the legendary speculator will influence the decisions made in this field.

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

Not just Soros, Rockefeller family also want to invest in the crypto and has signed a partnership with Coinfund which is a cryptocurrency investment fund.
Of course, this is not surprising. They know how to manage their money and how to invest.

Good news but market is dropping - why? When reversal?

Yes it is true. They know it well, and I believe they waited until the hype goes down.


Well that is the great question! The generic answer is that the supply and the demand meets here, but it does not really reason why is the market doing so unwell.

Also, I believe they - Soros and the Rockefellers - did not invest just yet. I believe at coinmarketcap, will be visible when they get in.

This development shows us that in the coming days much more active market movements may be waiting for us. Where are these soros drying their hands? We do not have the same situation for crypto money.

But don't celebrate yet. The market is down again so I don't know if they really putting investment or they are just trying to hype the market again because they are really a bagholders of bitcoin anyways. How can a traditional investors who hated crypto and saying negative things in the past suddenly changes their mind?

The only reasons is that they wanted to join earlier, but because the price is tops at around $20K, they spread negative things about it, and when it crashes more than 60%, they suddenly blurted it out that they are going to invest, or they are whales, wanting to push the price again. So let's wait and see as to what's going to happen to the price.

I didn't think that Soros buy any cripto.

Altought we know

Buy the rumour and sell the news.

yes the price will legalize that the news true of fals

If you have known about the history of soros when it was the only when can break a country. and sound doesn't look good at all.

But the article said it's for long-term investment and gainer. We could not expect if that will give a lot of impact on the short-term investment. Just waiting for how soros fund management will play with crypto.

The strange thing with this news is that Soros has publicly launched a negative opinion about the previous cryptocurrency. In February 2018, Soros had $ 8 billion in wealth, and if he invested in cryptocurrency, something was ringing his bell.

I also heard it he said he wanted to trade crypto. With George Soros entry into the realm of crypto, of course it brings a different perspective among crypto users, how can it be that the person who initially rejected crypto out loud suddenly changed the bow to support the crypto. Honestly, I feel worried if he will eventually divert his trade function.

Do not take it as they are entering market right now. They will wait and enter when there will be blood in the streets as people tend to say.

as of now the current market situation is not stable as we want, they can make money for this kind of situation but I think they will wait also until the market become bull again

Guess they've seen now that we have a stable bottom, no matter what the FUD is happening. Market can't dip any longer than what we've seen these past two months. Time to make their grand entry and have the misinformed think they are the market's savior.
They're not.

The entry of Soros explains then the dump of these months. They have brought down the market to be able to enter massively.

So now we have Soros, Rockefeller family and Rothchild family. All the old financial/oil/investment families coming together. Soon we will see others from Asia (you guys probably never know Hong Kong, Japan families) or maybe even old dictators coming into crypto.

They tried to ignore crypto, but guess they cannot ignore money. They buy Bitcoin or private crypto I wonder?

This is pretty big news for this bitcoin. I think it is a news that could possibly make billions of dollars worth of cash inflows. Perhaps Soros already received what they were willing to buy, and after that news came out on the market :)

Rothschilds already bought BTC in July for example: https://bitcointalk.org/index.php?topic=2044090.0;all
More and more rich people (including those who was Criticizing btc in past) are coming in crypto.

Soros and Rockerfellers are entering the space, these are guys that made their money betting against the market, they always do the opposite of what others are doing. The only concern I have here is that the market can easily be manipulated buy these Billionaire. I just hope they are getting into the space because they believe this is the future

They buy bitcoin indirectly in some articles already stated about soros owned a lot of shares in the overstock.com and that means if he can buy it anytime as he wants.
Basicalle a big player just like soros never tries to join in the crypto directly. Because he was owning so many people to work with him. Soros is a big bos man.

Not just Soros or Rockfellers or any big guy can ignore crypto i mean the technology. I dont know when but im sure we will see all billioners , goverments and institutional investor in crypto space. When they come than we will see whats real pump :) They will buy all orders.
I dont know which coin they wil invest but for sure Bitcoin is the first they will invest. Top 10 have more chance but not all them. BTC, NEO , ETH ,VEN , MAN , WAN and maybe REBL :P

Yes, it is certainly worrying if you think about the time when he "broke" the British Pound.
But remember, its not him handling this business. Probably he is not even interested is understanding the cryptos, how they work, what they can offer etc. I believe now, he is focused on being a philanthropist, rather than trying to break the bank again.

I think that there are much bigger existing whales on current market than Soros. I'm sure that he will invest less than 1% of his total money in crypto.

Soros has sent the pound into crisis ... if he wants he can bring Bitcoin to $ 500 ...... Soros is a speculator ... not an investor ... this character's entry is bad for the world of cryptocurrencies

Calling it a bubble when it was a bubble isn't a negative view, it's calling a spade a spade, it was a bubble when he called it, went up far too quick and the people who bought prior to the spike were bound to sell for such profit.

https://snag.gy/mwj35N.jpg - maybe they decide, that it is not a good way :D
But if they invest in to crypto - do you think that it will have a big effect? They will not invest a lot of money...

That is right. The Soros fund is not enough to buy up the Bitcoin or the Bitcoin Cash. Both price are not rising.

This kind of news does not make me happy. It scares me more. I think these big investors are doing it to fool us.

This is good news that soros can boost the price of altcoins rise again, I agree if soros want to trade crypto, not just soros that go into the world of crypto now, other millionaires now also go into crypto.

I'm not sure that we can expect anything good from him, but the level of trust to the crypto will begin to grow.

Yer it is hard to tell if Soros entering the market will be good, but will definitely create talk and trust in the marketplace

Soros is getting into crypto? this is true?
We know of Soros is have a lot of money, if this is true, I am sure that price of crypto will to the moon.

I don't understand why that fall happened just after Soros getting into crypto news.
Aren't there other FUD news around? Like Russia cancelling crypto payments for gas to Turkey and Iran?

While all the noob traders are panicking and selling their coins, the rich investors are buying and investing in cryptocurrency. I think right now the price is really cheap if you wants to buy it and hold it for long term gains then you should definitely do it.

This kind of news is not convincing to me. Because if we had invested, we or the media could not know and report it. Again, the small investor is doing it to drop the trap. It's just my idea.

Every body will get into it , they will catch the money . after they will make shitty news. blah blah retired from crypto .

Rockefeller family is the one who owned banks in the world. And it seems they are also attracted by cryptocurrency not just Soros. Well, I don't know why they are suddenly push themselves in crypto specially for Mr. George Soros who said the BTC is a bubble thing and discouraged a lot of people. I think they believe now on how cryptocurrency works and helpful in our economy.

Probably, they fully understand about the potential value of crypto. Not only that, also the way the technology that can contribute a lot to the economy. Hopefully, not only these people but also other billionaires  that will adopt the technology so that we can have an ads6 that crypto will remain forever and will never be vanished.

He is famous for shorting, and is probably attracted to crypto because it is unregulated.

Short the life out of it on the futures exchanges, call bitcoin a bubble in January to panic people into selling, profit, then announce you are investing in crypto once you have closed your short and gone long,

It's classic Soros, most of this stuff would be illegal in regular markets (tryiing to move sentiment with statements that have no basis), but is fine in crypto.

This guy if he really want to get in to crypto he is only want to destroy crypto. He already dump many fiat currencies with his dollar. But in crypto when all is transparrant and decentralised he can not dump it easily. He need more effort if he want crypto death. All those bankers will never like cryptocurrencies

Soros is one of the most influential and knowledgeable people in the world in finance. If small investors are out of this market and people who have high financial information is entering the market, then a big rises are coming :) Thats great news!

Let's hope it's true and we will have a reversal I am really tired of this bear market, I feel stupid for holding and not selling at ATH.

I think that Soros himself began to be interested in crypto-currencies much earlier than the news was released. But the very fact that this news was published now says that now there will be an increase in the number of positive news about bitcoin. So soon the U-turn

I have read this news several times and one thing that I keep asking myself is "either this is to bitcoin favor or soro is coming in to buy and dump the price"? If he is come to do the samething that MTgox are doing then we are on a long things and hope soros coming into crypto currencies should bring everything into mainstream.

it's not astonishing anymore that the speculator like Soros getting into the crypto market
they are an opportunist who always looks the advantages of any market not only crypto market.
the good news is we know it as a reliable investor have ability looking a good sign or prospect, particularly speculating about growth investment.
him breakthroughs is as good fundamental that informing people about the value or the existence of crypto
because there are no one that knowing Soros as GOD of Currency .. LOL

This person has a very huge influence. He is able to capture this market and manipulate it as he pleases. I'm not sure whether it's good or bad.

if they enter sharks as soros, then let's get ready for new records

Are they going to hodl or trade :D I understand better now why people buying crypto in early times are rich now. That was very risky decision and paid off. The public has not come yet.

even the big ig have understood that the crypto are unstoppable and are positioning themselves. they make very long holdings.

i think if big  news if soros true want investment in crypto
i think bitcoin price can incraese very high

You really thing that guy who is famous for shorting curency is just now coming in to play,that metusalem already called btc a bubble and saw that price will go down...Those guys smell profit better then sharks can sense blood ;D

Looks like mister soros is pumping all the crypto right now, the global marketcap just increased by more than 50 billion in just 2 days. Let's hope they will not bring the price down after this big pump

soros have already entered, they never put a single basket of eggs, if this news came out now the nation has come to buy time.

I don't get it why people really are excited about this news. In my opinion this news is not good at all. I believe that you all know who is Soros and what he has been done. We know what he did to Poundsterling, we also know how he could just kill Asian Economic in a single night. And by saying that, I mean that we should worry about what he is capable of doing with cryptos.

yea, that Solos is entering the market is not a good sign. Solos saw the weak side of Pound and England government, but this time.... interesting what weakness did Solos find out among the coins? For us, smaller investors, it is still possible to get profits after his entering ......until he make the market dead.

and I think the big news is the better market conditions will be, and I hope that all coin after the good news is published will be even higher selling value. so that will be good news for investors and shareholders

Some say that socities' entry into the market has caused rise, and some say it is a new investor to the market because they explain Bitcoin as a helicopter in the Arab countries. I do not know why the Ascension Ransom / what caused it, but as long as the money is not withdrawn from the market and some money is entered, the upward trend seems to continue.

Yep and so did the rockerfella fund. JP Morgan chases investment wing also recently. God knows how many countless others are involved under the radar. Just look at the recent OTC market it has been ballooning! And only big investors take the OTC route for the most part

Soros invests other people's money and risks their money. Therefore, he can invest investors ' money anywhere, if there is a chance of profit.

Many influential people believe in crypto-currency and have already invested some of their money. This will certainly have a positive impact on prices, but how much is enough for their patience and when they want to get out of it is unknown. Maybe it's just speculation on the wave of popularity.

Soros etc. investor masses seem to have created a positive atmosphere in entering the market, but I think we will see fluctuations in the long run under the influence of more speculative movements. I hope this does not cause any more insecurity.

They did created a positive encouragement or maybe they are really the one who are responsible for the quick pump that happened.

Insecurity has been there so expect that there are people who will statement that bitcoin is still a risky investment. These people are really crazy even many are trusting bitcoin now.

I also think that year 2018 may be the year of the whales and speculators. There is a substantial increase in the number of such large investors in comparison to previous years and this could adversely affect the market.

it is a little bit reversed already but still too early to say that bearish trend is over. there are so many way till we can consider to be in bullish market. we can just start to hope that it is closer than before  :).
I will not think that trend is changed till i see bitcoin over 10k usd again.

The effects of Soros's entry begin to be seen. Now it will be a long ride with new records

All the elite have already accumulated.
By hearing they are investing it is FOMO to grow their own holdings, until they dump and buy a larger % at lower prices, and have a larger piece of the pie, over and over again.

Also I think these are playing with us. They have accumulated Bitcoin ether etc ... now they would like to command the crypts as they do with the bag
  But we will win

The news is very strong. If these investors are coming in the crypto world - it means a lot. Such people will not invest in a dummy.

I am not quite sure if I will take this with a heavy heart or with a happy composure since Soros does have a reputation. Also Billionaires with all their money, just wants more money and I think entering the realm of crypto would do more damage than good on this platform. Be careful.

Accumulate bitcoins, short futures, dump bitcoin, easy money for him.

I think Soros and other influential people have already purchased cryptocurrency. And now they are making news, thereby want to provoke the growth of cryptocurrencies, which will cause interest in traders to invest in cryptocurrencies. These people will not be engaged in charity, the goal is always the same, it is to make money .

Most people underestimate that guy.

If he was going to buy some stock, would he let the retail market know ahead of time?

So he could get a worse price? Why would he do that.

I am thinking he is either already in and wants price to rise a little bit more so he can get out and is trying to pump it.

Or he is just doing it to promote his fund and potentially get more business. Because people are crazy with anything that has the word "blockchain" in it.

I think Soros will get into large market cap coins like the Bitcoin, Bitcoin Cash or ETH.

You made a good point. He is old and experience and knows all the tricks in the books. By riding the popularity of bitcoin and blockchain, he might look good for young investors and potentially get them on his business and will result in a instant boom and profit on his end.

He probably was in when the price hits bottom and now he is pumping it just like what other influencer is doing. Pumping it in a good way so that he can make more profit and then make his decision to continue or not.

I think Soros is in the end of his life and He want to feel the same emotion he felt in the past ...

How did George Soros break the Bank of England?
https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp

incorrect link, but it`s a nice news!

more law regulationt bring more huge investors- it s Right way for crypto!
than more big a popular faces in crypto the more changes in law for crypto

So here is the question: what could influence the price more, just his words or the growth of Bitcoin capitalization caused by his invesments?

At first glance,we all know about these "whales" who manipulate the price just buying huge amounts of Bitcoins and alts.
But still the market in its current state is really subject to significant changes after each rumor is spread or sombody's opinion shared.
It's just a human nature.

They are just a bunch of hypocrites, they criticize bitcoin and cryptocurrencies and now that they're seeing that they can make money in this market they are investing in it, which show to us that those persons are not people with strong principles they only care about money and nothing more.

if george soros will join the crypto market, it is a good news for the market. because in such a case, money will flow to the market. If money comes, liquidity increases. this would be a healthy situation for the market

When Soros got into Gold it dipped a lot. So let's hope that the same will not happen with cryptos. :/

I think he already join the crypt market. That is the reason for the recent price rise.

Apparently he also decided to believe in this bubble and make money on it. I am not surprised at this event. Most likely, after analyzing everything and making conclusions, he decided to enter into cryptocurrencies.

All such events happen in silence usually. If you heard it's not a secret already. And it can be done with one goal - price manipulation. Soros has a free huge sum for speculation on market. And for speculation only!

at least by hearing that news investors are interested in playing so get what they expect. and we can see now green market, which may be one of them because of that news. but that's where market, influential people, and have a lot of money, easy to change condition

On the one hand, it is positive news that will have a good impact on the solidity of the entire market. On the other hand, the number of manipulations can increase.

With such Soros "wild money" markets can be pumped/dumped much more than now. And to think different is big mistake. Such investors don't support any progress or idea. Money for money only. Yes, it's more interest and it's more people who want to get profit but get loss

in this situation, when the market is in decline, but you need a good infusion of money into the market. Therefore, despite the goals that such people as Soros follow, we can use it for our own good.

Is that the reason for the big rise of Bitcoin Cash in the past few days?

Maybe, we all know that bitcoin cash is in every "fishy" bussiness in here, that clown of Roger Ver has always been involved with those kind of bussines. I would not be surprised if all this is the reason of the recent pump.

making sure that beginners can join it is a difficult thing, it will require consideration several times until they are ready with the risks they will face later. but I think it will be worth the results that will be received when the investment is successful and get a lot of profit

Why not? But it's not exactly.  ;) On markets we can see iceberg orders that is invisible while some conditions not exist. And Soros have full-time traders with great experience. I think we can be in shadow only  8)

I think that many billionaires today are trying to invest their money in the crypto currency, in order to avoid taxation and at the same time to increase their wealth.

It depends, if i had millions of dollars, i would never put a single dollar in cryptocurrencies, we all know that the price can easily drop and you can lose a lot of money.

In fact, cryptos are mostly used by poor people and teenagers

We could use some other marketing than these low lives no human brains. They earned money while destroying many others. They will get attention to crypto, but they could ruin it, because of their greediness. Volume is their weapon.   

I think that he comes here only to get easy money and nothing more; it's proven by how fast he changes his opinions!

this is an interesting news that was originally a George Soros who rejected the crypto and now supports crypto.
a big investor and I think George Soros also contributed to the rising bitcoin in the world of crypto.
I hope that he will not disrupt trading in the crypto world.

Are the whales that are holding hundreds of thousands of coins some teenagers for you? Are exchanges some of the most profitable business in bitcoin poor people with no money? Because it's completely the opposite many people with money are investing in bitcoin if the people that invested in bitcoin did not have money then the price will not be that high.

This is certainly great news for all of us! I am sure that the example of the Soros fund will be followed by other major players, and this will give the influx of huge amounts of money to the market! And we only will wait for explosive price increases ...

Soros goes into crypto because Cryptocurrency is the future, and investors will be attracted to them for a long time.

he will only short the encryption . same as his previous technique . don't believe what he says . i like to study his actions . i think his first goal will be bitcoin . hands crossed .

He was doubtful initially but i think he is begining to see that the crypto market is for real considring the number of countries getting involved and the financial institutions takiing some leading role.

He is insightful. So if he recognize crypto potential, it is good for the crypto industry.

He's never actually said a bad thing or expressed doubt about the crypto market.
Calling a market or an asset a bubble when it is doesn't mean much, he's calling a spade a spade.
Some of the best investments are made after large corrections or "bubble pops", imagine if you bought shares at the low during the GFC in 08, you would of made very good returns now for that type of market, he's seen things correct while recognising the potential so he's investing.

You'll see many people calling promising projects over priced, I do it myself, but if the price comes back to an undervalued price like BTC is now, I would invest.

I have read this news several times and one thing that I keep asking myself is "either this is to bitcoin favor or soro is coming in to buy and dump the price"

do you think the recent price drop is caused by the Soros buying?

I think Soros entered last year. This year we told people about this year's harvest. Do not want the market to lose confidence. In fact, Soros entered a password last year. You underestimate the big whale.

It seems to me that today any investment in the crypto currency is welcome and regardless of who this investor is. If Soros can increase the demand for crypto currency, then it will practically benefit all users.

i hope will get into crypto now. its time to get . btc is dying slowly but if soros or other big investors buy btc now than btc can reach easyly +10k than other small and big investors will get into crypto too.
its really hard time for all of us. we cant make profit in this market anymore. btc need buyers if its not happen than we will see 5k soon.

I think this is definitely a scam. you are stupid. Soros certainly entered last year. Do you think he will tell you so severely? Soros's large sum of money will certainly enter in 2017. This year he said that it is totally speculation. Then let the whales understand. In fact, whales all understand. He came last year.

Really, I was surprised very much to learn about it. It seemed to me that Soros was so critical about all the cryptocurrencies. Now, the situation has changed.

The link you attached to the message does not open the resource. And George Soros is a speculator. A man who has earned his fortune on market fundamentalism. At the same time, he is his opponent. Don't trust big names.

I think it is possible he is right this time.

I think this is a false news. Crazy capitalism like this definitely entered this field last year. Now just come out and advertise.