Peter Thiel bought about $15 million to $20 million of bitcoin

[ustradebitcoin]

Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts

Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation.
Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says.
Bitcoin rises more than 11 percent to trade near $14,711, according to Coinbase.
read the full article here https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

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[soham]

That's sweet! Bitcoin's price is standing at an optimum low level and it is expected that people will start investing in it again. The price had decreased due to the festive season as a lot of investors sold off their holding to meet the festival expenses. Now since the festive season is over, a majority of such investors  are expected to come back to the market. So when we see a single investor is investing this much amount of money, it's the cherry on the top of the cake. Bitcoin price is already showing signs of recovery. It's time to cheer again.

[mrtryonebiggums]

I was wondering what gave rise to BTC in this alt season of runs but that makes more sense now. Don't think it is enough to turn the tide of course but good to know there is tons of confidence in bitcoin still despite the almost 50% retrace it did in these past few weeks.

[CoinEraser]

I wondered why the price so much increased the last few hours. I think now I know it. Thank you for sharing it.

[pushups44]

This is really good news and shows that the mega rich are aware of bitcoin's solid fundamentals. Thiel would not have invested that much in the cryptocurrency unless he believed a massive jump is ahead.

[MiningSensei]

That is nice, i agree. But the price didn't dumped by more than four thousand dollars just because a few investors decided to sell all their earnings.

That's sweet! Bitcoin's price is standing at an optimum low level and it is expected that people will start investing in it again. The price had decreased due to the festive season as a lot of investors sold off their holding

He invested a LOT of money, not a little amount of money, and you should not forget that he is a famous person and he can easily manipulate the price.

So when we see a single investor is investing this much amount of money, it's the cherry on the top of the cake. Bitcoin price is already showing signs of recovery. It's time to cheer again.

it went up by a lot of money, but it seems that it decreased a little. Anyway, it will probably be going to touch $17k soon.

[tabas]

That's sweet!

That's too much sugar and I tasted it! Welcome to the bitcoin world Thiel and this is another quite popular guy that's trying to buff up our pick and others will follow him on his journey and the market will react such great amazed on how much money he did brought in to bitcoin.

[MARCUS0000]

This is the news everyone is waiting for.

Now why these guys investing in bitcoin now?

[bitfools]

SO wait, they GUY who gave us PAYPAL

Who owns PALANTIR the software used by CIA to track bitcoin transactions

So he has invested in his own child?

Give us some news pleeeeeeeeeeeeeeze

[wilhb81]

SO wait, they GUY who gave us PAYPAL

Who owns PALANTIR the software used by CIA to track bitcoin transactions

So he has invested in his own child?

Give us some news pleeeeeeeeeeeeeeze

Woah, I'm wondering the same as you thought here. In this case, I don't know, whether it's good or bad for Bitcoin itself. However, a price rise is still a rise for Bitcoin. Let's crossed our fingers and hoping for the best (it might take time, but eventually it will climb up to the top of hill again)

[player514]

Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts

Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation.
Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says.
Bitcoin rises more than 11 percent to trade near $14,711, according to Coinbase.
read the full article here https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

A huge risk in my opinion, but he definitely just shifted the market. I guess he saw a great opening while we were hovering at that 13000-14000 zone and went for it. Regardless, I have a hunch that his buying is what spiked the btc price today. Seems like people are starting to follow him because they've been given some confidence about the coin.

The more the whales come up and keep buying, the more the average guy starts buying. With that we'll see some price rises if more influential people put their big bucks in.

[NattyLiteCoin]

The venture capital firm bought about $15 million to $20 million of bitcoin, and told investors that after bitcoin's surge in the last year, those holdings are worth hundreds of millions of dollars, the newspaper said. It wasn't clear whether Founders had sold any of its holdings, the report said.

He bought over the summer. And will dump 100's of millions of dollars worth as soon as his firm deems its in the best interest of his customers.

[GorillaDental]

It was good to have this news come along, especially after Novogratz' cheerleading kinda whimpered out a bit last week... Here's to big things for BTC in 2018!!!  Hope those shorts get rekt!

[jseverson]

That's interesting. The price has been stuck to around $13,000 the past few days so I was wondering why the price surged a bit. I thought it was just Bitcoin's volatility at work, but it looks like we have definitive proof that someone moved the market. We can't say anything for certain because we don't have exact numbers, but if we were to credit this purchase for increasing Bitcoin's price by 11%, then that means all it took for someone to move the price by that much was to buy around 1,500 worth of coins. I know things don't necessarily work the same way the other way around, but it's ridiculous how such a small amount can move the market.

Good publicity either way though. Great way to start the year.

[balu2]

Yeah he didn't buy just now, he bought months ago.

Not sure if he will dump it, but i don't think hes a true believer.

[rphk]

it is an great news that people like peter thiel investing on bitcoin in huge amount , thanks for sharing this . It shows that still there is a growth on bitcoin and probably it will reach next record high soon, huge investment at this stage indicates there is good news on bitcoin ahead . i hope it i will be great to know that there is some improvement.

[kevoh]

This news is a much required boost for Bitcoin price. Hopefully, there will be a consolidation and bitcoin will be able to hold the support level at around $14900 else we will return to it oscillating between $13000 and $14000 again.

[CryptosapienZA]

Good for him. I wish I had that kind of money at my disposal, I would buy a whole lot of coins. Lucky are the right, they can only get richer.

[Pearls Before Swine]

...And Peter Thiel is known to be smart with money, so bully on him for buying. 

However, I don't fully see the relevance that these types of news reports have to any personal investing.  Whether Warren Buffett hates bitcoin or Thiel loves it, it makes little difference to my purchasing habits.  I love bitcoin and the rest of the world can take a long walk off a short pier for all I care.  He probably is responsible for the market going up, and I do thank him for that. As they say, a rising tide lifts all ships.

[LastJedi]

Was wondering why the price shot up all the sudden.
Now I know why.