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

[Wendigo]

If I had the money to buy 51% of the Bitcoin pool I wouldn't do that because it might scare off all the people in the Bitcoin community. Having more than half of all the Bitcoins in existence would give me a big leverage over the Bitcoin market and theoretically I could crash the price overnight so all the investors and speculators might as well abandon the crypto coin and all the current Bitcoin investments will become basically worthless. It's better to buy in small play smart and cash out big then simply rinse and repeat 

[richmcrich]

Well if I was warren buffet I would consider buying a 100$ worth of bitcoin when it was way back 2009 since I know that bitcoin have some potential. But if you'll ask me know, Guess I wouldn't do it since there is a big chance that I would not profit as expected since there are dumps and pumps.

Yes, actually being Warren means that you have enormous knowledge and business sense and you will easily sense that bitcoins have a huge future ahead and surely would buy lot of bitcoins. May be not $100 though and more than $1000 as you are very rich then.

[From Above]

If I had the money to buy 51% of the Bitcoin pool I wouldn't do that because it might scare off all the people in the Bitcoin community. Having more than half of all the Bitcoins in existence would give me a big leverage over the Bitcoin market and theoretically I could crash the price overnight so all the investors and speculators might as well abandon the crypto coin and all the current Bitcoin investments will become basically worthless.

That is very good point but it could also go in the other direction. Some people might feel hyped like about some presidential candidates and then Bitcoin would go to the stars in the price regions.

~CfA~

[iqlimasyadiqa]

bought 10%'ve made me feel very rich. bitcoin supply now has a high price. total of my wealth is not sufficient to buy a majority stake. with 10% I was able to master and manipulate the bitcoin prices in the market.

[From Above]

bought 10%'ve made me feel very rich. bitcoin supply now has a high price.

U, sir, own 10% of Bitcoin. U are one of the cryptomoney-richest men on the planet!

~CfA~

[pereira4]

I would try to buy as much as possible, that's for clear. 51%? Im not sure that would be possible... but I would try to own as much as I can. The paradox here is, the people billions of dollars is too old/uninformed so they will not do it. It will be new people that become billionaires thanks to Bitcoin.

[PokerFace3]

No I personally wouldn't buy 51% of the bitcoins. I guess that is too much and wouldn't buy it for investment to keep it as a currency. I don't think that investing in bitcoin is that much of a risk but who knows. Everything is uncertain and investing that much of money NOOO way !!!!

[streazight]

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~

You asked a nice question too mate . I think though that being warren buffet means you have very less time to think about bitcoins or others and you would just focus on your business. Basically the truth is you won't even know about BTC maybe if you are someone like him.

[bitgolden]

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).

You know what, he may have given this statement but we all know that he might very well be jealous too because he could not recognize the potential of bitcoins and crypto in back 2009-2010 and hence giving anger statements now

[topiOleg]

It would take very long to buy 51% of Bitcoins and dont increase the price by too much because exchanges dont have much bitcoin available. It could take very long to buy 51% of Bitcoins, and Warren Buffet is not young enought to have enought time for this I guess.

[rphk]

warren buffet is a great man , he know each and everything of money , he is successful person, studied on the market made huge money. i i was warren buffet i would had bought 51 percent of bitrcoins as we can see there is growth on bitcoin , every sites mentions and made bitcoin as transaction method on internet.

[Mvaporis1961]

If i'm Warren Buffet and i have a lot of money, i would definitely buy the 51% of the bitcoin because we can see the great opportunity in bitcoin and its price is continue rising and maybe someday the amount that i invested in bitcoin will be doubled or even tripled. So why not to take risk .

[GreenBits]

If i'm Warren Buffet and i have a lot of money, i would definitely buy the 51% of the bitcoin because we can see the great opportunity in bitcoin and its price is continue rising and maybe someday the amount that i invested in bitcoin will be doubled or even tripled. So why not to take risk .

I wouldn't, let me explain. When it was known that one actor controlled a majority if the coins, and could basically influence price at will, I think people would be less enthusiastic about investing. While people would certainly still speculate, I think institutional investors would shy away from a known 'cornered' market.