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

[From Above]

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~

[BitHodler]

Buying or at least trying to buy all coins in existence is not worth it at this point as the price is too high.

Best time to do so would be before 2013 as you would have to put waaay less money on the table to buy that many coins.

I personally wouldn't buy that many coins. I just buy a certain amount where I am happy with for the long term, and that's all.

[LFC_Bitcoin]

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

[redsn0w]

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~

Yeah, if I would happen to be him I would have tried to buy all the bitcoin in existence (at that time).  Since I would have thought that bitcoin is/was revolutionary, so why not invest on it ?

[Xester]

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 don think so since bitcoin is very unstable. What will happen to my large amount of invest if bitcoins price suddenly fall then I am bankrupt. But if the price goes back to the price last 2009 given that I am Warren Buffet grandfather I would gladly do it. But since  price of bitcoin going back to 1$ is impossible then there's no chance for me to buy 51% of bitcoin supply

[xuan87]

Maybe i will buy it, i feel that bitcoin is a very profitable investment for now after i buy it i will find a way so bitcoin can be more famous, maybe i will make big company that accept bitcoin, so my bitcoin investment will be getting more profit

[Soros Shorts]

The Oracle of Omaha has already stated that he does not understand Bitcoin and does not believe in it. It is unlikely that he would buy add bitcoins to his portfolio. He also invests his money wisely and conservatively so it would be out of character for him, for example, to buy 51% of coins just to destroy the system.

[Chris!]

NO?! He would never put 5billion into 1 investment that's so risky unless he was going to pull out after a very specific chain of events was going to happen and he knew 100% for sure it was. (example: the EU switches over to Bitcoins instead of euros)

I wouldn't ever put all of my eggs in one basket. When you do that you feel every little drop as if it's a huge loss. 'I'm down 10% over the course of the week... AKA 500 million! NOOOO!'

+ he's too old school. If it's not a brick and mortar business he doesn't care about it.

[andrew24p]

Buying 51% would be stupid, people would fork the code/ go elsewhere and his investment would be nothing. Not to mention he couldnt even get anywhere near that much. The amount of coins on exchanges is tiny and even tinier if you want to keep the price relatively the same.

[n691309]

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~

That's ~8 Million bitcoins which worth ~5 Trillion dollar, I wouldn't buy 51% of all bitcoins because I want to leave the bitcoins to other to use it and increase the value of it time by time. Or if I would buy them I would really open a large business operating only in bitcoin and no other payment would be available.

[pandalion98]

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~

If I were Bill Gates/other billionaire, I would buy maybe $1M to $5M of BTC.

But 51%? Naw man. That's just too much. It would effectively break the market since people will panic buy/sell because of the sudden price changes. Oh, and hyper-deflation also isn't a good thing for an economy.

[DashTron]

I would buy those 51%!
It might come in handy to have your own currency one day.

[clickerz]

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~

If I were Bill Gates/other billionaire, I would buy maybe $1M to $5M of BTC.

But 51%? Naw man. That's just too much. It would effectively break the market since people will panic buy/sell because of the sudden price changes. Oh, and hyper-deflation also isn't a good thing for an economy.

Why buy? For me, i would rather create my own currency,promote and develop it.Having my full support for that project, i think it would be one of the popular  currency alongside with bitcoin.

[avikz]

No and never, I am sure even Mr. Warren Buffet wouldn't have done such mistake.

Everyone needs to learn diversification. Taking 51% stake in bitcoin where there is no regulatory authority will be a lot of risk. You may win or you may loose. Taking 10-12% stake seems ok but not 51%. It is a huge risk.

[elite3000]

Warren Buffet said: stay away from Bitcoin. If I was him I would not buy any, then.

And I doubt that 51% of the Bitcoins are available to be bought on open market. Most of the ones from early days are lost forever

[Bitcoinbro]

Warren Buffet said: stay away from Bitcoin. If I was him I would not buy any, then.

And I doubt that 51% of the Bitcoins are available to be bought on open market. Most of the ones from early days are lost forever

Correct it's well known Warren is not a bitcoin supporter but even for any other wealthy person, buying 51% is not possible since those coins are not on the open market, nor is it wise to hold such a big share of bitcoin.

[HarryKPeters]

No and never, I am sure even Mr. Warren Buffet wouldn't have done such mistake.

Everyone needs to learn diversification. Taking 51% stake in bitcoin where there is no regulatory authority will be a lot of risk. You may win or you may loose. Taking 10-12% stake seems ok but not 51%. It is a huge risk.

Controlling over half of the supply is very risky. Just think about the fact that the other whales would use it to their advantaged and dump the hell out of it.
Just becaues they can.

[20kevin20]

Imagine him buying $1mil worth of BTC back in 2010. That means 12,500,000BTC. That means $8,019,000,000 at the current price.

[ObscureBean]

Why would I bother? I already have enough billions to last me many lifetimes over. I can think of a ton of cooler things to do with that 10 billion. Also what would be the point of owning all Bitcoins? if nobody else has any, it would be pretty much worthless, people don't actually need Bitcoin to survive, they would just carry on with their lives and the joke would be on me.

[helloeverybody]

If i had that much money i wouldn't take such a high risk gamble by buying 51 percent of bitcoin.  If bitcoin took a plunge even by a few quid then the loss would be catastrophic.