Bitcoin rises after report says early Facebook investor Peter Thiel buy bitcoins

[PlusCoinINK]

-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.

With a famous investor like Thiel patronizing Bitcoin, could this be really a good thing for Bitcoin; would other famous investors do the same?

Source: https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

[worldofcoins]

Its gonna happen all coins are gonna boom, This is the gold era of crytpo tech.  I think we need this to be the crypto Era

[Kakmakr]

As more well known Silicon Valley entrepreneurs start to realize the potential of Bitcoin and how big this will be some day, then we will see more of them buying into this technology. The Lightning Network will be the spark that will launch this to the Moon.

Peter Thiel has seen this potential and he is going to be a early investor, before it goes to the Moon. ^smile^

[CryptoClown]

I think it is a good thing because this will add more popularity to Bitcoin and other crypto currencies and if a lot of influential people gets to know crypto, the value increases as well. I just really hope the devs can do something about the fees because I am afraid, if Bitcoin gets more popular and people are buying then I guess it will only result to higher fees.

[shinjunobi09]

Well this is a great news and a great start to the new year of bitcoin with one of the key investors and a major influential people in the industry has seen the potential of bitcoin this could mean that the start of demand for bitcoin will start to rise again drastically which could result to the increase of bitcoin price again.

[Herlina]

-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.

With a famous investor like Thiel patronizing Bitcoin, could this be really a good thing for Bitcoin; would other famous investors do the same?

Source: https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

Peter Thiel, co-founder of PayPal and an early Facebook investor he is a smart investor
I'm sure in the future many famous investors will do the same thing as Thiel

[TravelBlock]

I'm sure that's part of the reason, but not necessarily the main reason. So many different variables to this situation of course. It's all long-term thinking though, and Peter bought at a good time. It was low, so obviously it'll continue rising

[LogitechMouse]

This is only the start of the rise of bitcoin since another popular person invested in bitcoin. Maybe more the price will start to increase once the Lightning Network will be released.

[OmegaStarScream]

As good as this may sound to some, I don't really like it. I mean, It's always good to have a famous person join the bitcoin community but having a price increase or decrease based on one person opinion's is bad because people would follow him without doing their own research. As an investor Peter knows the risks but that's not the case for the people who are acting based on his decision, I will go further and assume that these people don't even know how bitcoin works.

[knien]

Bitcoin price seems rather stable now after the bull run of end 2017.
I don't think the news you are mentioning was responsible for a lot of price fluctuation.
I'm wondering however what will be the trigger for a new bull run to reach a new ATH and when this will happen

[talkbitcoin]

With a famous investor like Thiel patronizing Bitcoin, could this be really a good thing for Bitcoin; would other famous investors do the same?

are you sure "patronizing" is the correct word to use here?!
if you really mean this then we are at a disagreement. but if you meant to say something like "invested in and showing support for it" then i think it is right. because many people (sadly) look at what these people do so they can copy them! sometimes they follow the good things the right way and sometimes the bad things and the wrong way.
it can be good for bitcoin as it is being introduced to many but at the same time if it leads to more reckless investors then it can not be good.

[Lucius]

He bought BTC long time ago as article say,investment was 15-20 million $ and today it is worth hundred millions $,so he maybe bought that BTC in time when others big investors like Tim Draper invest same amount in BTC in year 2014.

Bitcoin market reacts on every news,good or bad-but i think this news did not have a major impact on price,we are again below 15k$.I think there is many big investors who bought BTC in last 2-3 years,but it is normal that most want to be anonymous.

[Passive Coin]

Really good news at the beginning of New Year.
After CBOE Bitcoin implementation, we will see more funds and sharks move into Bitcoin, hope long-term.

I would not like to see again the situation, where "get-rich-quick" people pumping Bitcoin with borrowed money.
I like this small stabilization around $13-15K BTC price. Good for other alts projects to grow.

[budz0425]

That is why for us to have an assurance don't sell bitcoin yet, just wait for its explosion it will book after few days, many big waves were planning to invest as they were seeing bitcoin as a good investment just like stocks in the market that you can earn a lot. I hope that the rise will come soon.

[hoanghoatham04]

-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.

With a famous investor like Thiel patronizing Bitcoin, could this be really a good thing for Bitcoin; would other famous investors do the same?

Source: https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

The information the billionaire began to pay attention to Bitcoin makes Bitcoin move faster but this does not make sense that will not reduce later. This information is really good for traders who are holding Bitcoin.

[wisdomcn]

This year is beginning in great move for altcoins, although bitcoin is dragging back compare to other altcoin. I have noticed that since the second day of this month altcoin have gained increase in their price. except bitcoin that have not gain much increase in it's price. As I have came to understand that the price of bitcoin rises when their is much investors and drop when the pullout of investors.

[Don Pedro Dinero]

As good as this may sound to some, I don't really like it. I mean, It's always good to have a famous person join the bitcoin community but having a price increase or decrease based on one person opinion's is bad because people would follow him without doing their own research. As an investor Peter knows the risks but that's not the case for the people who are acting based on his decision, I will go further and assume that these people don't even know how bitcoin works.

Markets work like that, many people act irrationally, it’s not just bitcoin. If Warren Buffet buys a significant stash of shares of a certain company, those shares will go up because there are many traders who believe that news if going to make the price go up, so it’s a kind of self-fulfilling prophecy.

[Nhebu]

-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.

With a famous investor like Thiel patronizing Bitcoin, could this be really a good thing for Bitcoin; would other famous investors do the same?

Source: https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

Another whales bought up bitcoin. Nice to see how the rich people trusted bitcoin so much. I think we can now experience the grow up of cryptocurrency and hopefully all of crypto enthusiast will be succesful.
I think in the upcoming month, bitcoin price will increase because of continuous investing of rich people. Lightning Network will help bitcoin to become more attractive, the real fast, not expensive and reliable transaction. Bitcoin will stays on the top.

[dothebeats]

That's how the news works: someone significant in the tech industry investing on a blooming tech = booming waves of hype and short-lived pump. Sometimes the positive news holds weight and would likely bring in more potential big investors or follow the footsteps of what they've done (see CME and other firms who thought of having their own futures market as well). Pete Thiel has his own stakes in PayPal and seeing that he's invested in bitcoin, it seems that he's embracing the fact that bitcoin has a lot of potential to just let it slip. This will be big, as one of the bosses of a giant payment processor

[tutorroma]

Today's news, bitcoin futures of Chicago exchange also rose. We should know that professional investors such as Peter Thiel participated in PayPal and Facebook investments earlier. This shows that bitcoin is worth investing now.