If u were Warren Buffet would u buy 51% of Bitcoins?

[kpitti]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

No I would not try to buy all the Bitcoins - this is insane and there is no reason for such step.

To buy 51% of all Bitcoins is the same stupid idea. But may be someone will try that. Price will go to the moon then  

[leonix007]

If I was Warren Buffett I'd already be rich so I wouldn't bother with bitcoin

Agree on this, I think there are a lot more resources he could go focus on to rather than bitcoin, but possibility is that one of his company may get interested on this on implementing/engaging or develop bitcoin business but not directly from Warren buffet.

[mishra1994u]

If I was Warren Buffett I'd already be rich so I wouldn't bother with bitcoin

Yes i have same opinion.I didnt care about bitcoin or anything.Because i would have been already rich.People use bitcoin as investment or work to get rich.if i am already rich then there is no need to do anything

[outatime1]

Warren Buffet came out a while back and said he didn't believe in bitcoin because it isn't backed by anything. I don't think he is interested in it right now and if it does gain traction, it may be too late for him to invest in it (to make big profits).

[ezview]

Hell know I would not buy that many coins at these prices lol I would have if I was around in 2012 but the boat has been truly missed for mega rich.

[gentlemand]

Warren Buffet is clever. Clever means not buying something you don't understand. It also means not buying 51% of something because it would cost a bleedin' fortune and most people wouldn't be into the idea of buying something majority owned by one person. 

[takingthis4]

Hell know I would not buy that many coins at these prices lol I would have if I was around in 2012 but the boat has been truly missed for mega rich.

well if you would have bought it then you would have made a lot of money i guess, i think i would definitely buy the bitcoins then because bitcoin is the best investment option

[serjent05]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

It would be a stupid act I think .  Buying 51% of it will render my holdings unstable since bitcoin is highly volatile.  And another thing is, I will never put all my eggs in one basket, i will buy i think around 10% but not 51% because anytime the other 49% can make my holdings worthlesss.  That is just my thought and caution if I am to buy that 51%

[MSF-Kandel]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

It would be a stupid act I think .  Buying 51% of it will render my holdings unstable since bitcoin is highly volatile.  

And If someone try to buy 51%, or much less, will this RISE the buying price massive. (Demand and Supply)

[HeroCat]

If someone like Warren Buffet start to buy BTC in a big volumes, BTC price will go up, and someone will have losses instead of profit in BTC sales. 

[pearnapple]

If someone like Warren Buffet start to buy BTC in a big volumes, BTC price will go up, and someone will have losses instead of profit in BTC sales. 

well i guess you are right, if i were in his shoes i would definitely buy bunch of bitcoins because that would allow me to become an even richer person i guess and make profit in the future

[yayayo]

The question is, if it will be still possible to buy 51% of all Bitcoin even if you own a fortune like Warren Buffet. Buying over half the Bitcoin ever existing will require a huge number of people willing to sell them. Looking at the number of Bitcoin typically available at the order books of major exchanges, the fiat valuation of Bitcoin will have to rise significantly to convince enough people to sell their coins. For that reason Buffet's fortune will most likely not be large enough to acquire 51%.

Another question is, if it would even be advisable to buy "a controlling stake" in Bitcoin. A single person holding such a high number of coins would significantly change the public impression of Bitcoin as a decentralized currency which might have adverse effects on its valuation.

If I were Buffet, I would limit my investment in Bitcoin to not more than 3% of all coins. That's a big enough chunk for a potential world currency.

ya.ya.yo!

[kryptqnick]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

I would defifnitely buy BTC in such a situation but I don't think it would be about buying all the btc, because you never know whether it is fine to believe in cryptocurrency

[unamis76]

I would... But I'd probably end up trapped in the market trying to get there

[gentlemand]

The question is, if it will be still possible to buy 51% of all Bitcoin even if you own a fortune like Warren Buffet. Buying over half the Bitcoin ever existing will require a huge number of people willing to sell them.

I don't think he'd have a hope in hell of getting anywhere near 51% even if he was willing to throw away five or ten times his net worth.

Enough people would never sell. Enough people have a ridiculously high price that they might consider it. Enough people would notice someone buying mountains of it and hold out for even more.

[From Above]

I appreciate the many awesome comments of u guys. 

I can't let go of the thought of being the Warren Buffet and buying 51% of all Bitcoin in existence.

Because that's really cool.

~CfA~

[Doamader]

If Warren Buffet invest some part of his fortune into bitcoin would be just like an item, for a collector, i believe it could attract others big fortunes inside bitcoin, but would maybe kill the coin as we know, controled by 10 peoples besides Nakamoto, would be insane dump of coins or maybe a run to get more as possible.

[neonshium]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

To those who do not know Warren predicts stock market very accurately ( as far as I know ). Well, if I was in his place surely I would buy some bitcoins, not sure if 51% but must have bought like 1000 bitcoins and leave them in a wallet fora better future.

[naidray]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

Honestly you tell me one thing, if you buy some amount or 100%, will it not make bitcoins dead as then you are the virtual creator and may be people would have started some other crypto, moreover you cannot buy all btc into existence as its very high cost no matter if you are Warren Buffet.

[davis196]

If u would happen to be the Waren Buffet grandfather,

would U try to go and buy all the Bitcoin in existence?

or would that be rather stupid to try?

Would u buy 51% of all Bitcoins?

~CfA~

The speculation attempt will be too obvious.I would buy maybe around 15-20%, not 51%.

I will use other people to buy the btc for me...

By the way....Waren Buffet grandfather??WTF.DO you mean Warren Buffet`s grandson?