Possible effect of potential billionaire investor?

[pitiflin]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

The market of bitcoin is sort of a perfect competition where one individual seller/buyer's share in the market is insignificant. The demand and supply forces determine the prices,that means,buyers and sellers will throw for different rates,until both ends meet,price is influenced by that.
Just because George Soros has $26 billion assets,doesn't necessarily change the price. I bet not even 10% of crypto users even know him. No one cares. The news,the more exciting and factual ones help in affecting the price.

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[aardvark15]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

I assume that his involvement in trading will be minimal in that it will be a small part of what he invests in. I’m not clear on whether the trading he will be doing will be personal investment or part of his business, but either way, I suspect that he will just be adding this as just another way to diversify. There are plenty of other millionaires and billionaires already investing in cryptocurrencies, so I don’t think it will make a huge impact other than further legitimizing Bitcoin.

[awik p]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

i think by looking at the potential of bitcoin at this time, he should be seeing for the right moment to invest his funds into bitcoin, i think with strong capital he easily to earning profit by exploiting market conditions

[Falmera]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

There are already lots of millionaires and even billionares investing here. So his investments might affect the value of crypto currencies but maybe not that big. Of course since he invest big he could also earn big.

[Lucius]

Although from what I read, he isn't investing all the $26 billion

Of course not. Firstly, someone being worth like $26 billion doesn't mean he has that exact amount in liquid capital, where secondly, these traditional billionaires never pump tremendous amounts of capital into something they see as a plaything. I very much doubt that he will allocate even $10 million to be invested in crypto, especially because of how much of a new and speculative market it still is for him. People shouldn't forget that these traditional billionaires more often than not don't see any good in Bitcoin because it lacks intrinsic value according to them. While I am mildly optimistic about this, I am maintaining my conservative stance till I see an actual change for the better. In this market you can't take anything for face value, that the market has taught us throughout the years....

Sometimes is good to read previous posts,and then you will see that Soros net worth in not 26 billion $,but only 8 billion $.He donated 18 billions $ to his philanthropic agency and that money is now allegedly in the service of some greater good,not for investments of any kind.

I agree he and some of his people who are engaged in investments will not invest no significant amount of money in cryptocurrency,therefore I think it would be better not to take this news seriously.Considering Soros past it would be best that he never invests even one cent in BTC.

[kaya11]

If he enters crytpo currency trading with him the knowledge of how does trading works, then he surely will be one of the guys who will be called the whale. People will track his moves and what will he do regarding the market situation. But it's a good news for now, if he puts those billions of dollars to the buy orders of BTC. We will have to wait, hope there are more people entering like him.

[Indrawan77]

The 26billion investment will be great for crypto, it will increase the price and crypto needs a fresh funds, with the new billionaire  high investment,  the trust of the others investors will be going up and soon we will see the price soar up, now if he is not diversify its investment, one of the coin will have a huge spike

[orarider]

The billionaire investing in bitcoin is very strong for this currency to become the current song. Bitcoin becomes a hot money in the electronic money market. Many people become billionaires thanks to bitcoin profits because they are terrible night. When you have a lot of money you are not afraid of losing money but boldly.

[CASTIEL05]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

There is a big impact when a billionaire invest in cryptocurrency. Probably, the price may pull out and the demand will strongly push. In fact, manipulation of market price can be done by a billionaire man. If he will buy bitcoins a lot, bitcoin price will surge. If he will sell all of his cryptos then it may change the game.
Popular people like George Soros spread a FUD news in bitcoin because he wanted to invest in a lower price. That's how a popular can fool ordinary people when it comes in business and trading.

[wantjokull]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

Off course these kind of people can make great moves into the crypto currency when it comes to the big assets. Just imagine man 26 billion dollar in todays date is around 20% of the whole market cap of the bitcoin.  
If George sneezes then I am pretty sure he can move the market by 5K USD +/- depending on what he is doing whether he is selling the equivalent amounts or buying the same. Thats all about the money and it has the greatest power that you can imagine with this act. So yeah if many people like this come together then can bless the whole market otherwise they can make it loose too.

[bettercrypto]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

Billionaire can use their money power and influential in investments. Look at how Goerge Soros used his strengths in order for him to invest in crypto. Before he lend his money in bitcoin, he said a  lot negative and bad effects of bitcoin to the humanity. Hence, the people who follows Soros made it as basis for them to stay away and withdraw in bitcoin. However, I think he made it because he want to invest more in a lower price.
Influence + money = more profits. That's how I think in some whales in cryptocurrency, not just whales but influential people.

[maculeth]

the first is certainly increasingly attract people to bitcoin. they also want to be billionaires, when looking at billionaires made from bitcoin. when interest gets bigger, it will certainly make bitcoin prices increasing, and continue to be popular.

[Alik_Rzasoy]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

According the demand and supply, if that Billionaire buy Bitcoin with a very huge volume, then it means there is much need for Bitcoin, and hereby, the price of Bitcoin will tend to be uptrend, because there will not have more supply than previous, and there we can get advantage of it of course, if we have bitcoin we can sell it But for other option, the price can decrease as well, because if the price is over, what if majority of people sell bitcoin, in that time the price will go down, which means the fluctuation of the value continues step by step.

[TTITA]

He is a controversial figure, but he suddenly taking planning to put an investment in crypto with a reason, is a profit.
Surely yes, if he true confirmed entered the market, it will boost the fluctuation. But i don't see any related info's about waht and where coins are they planning to put the investment on.

[hualangktsld841]

If George Soros starts investing in the encrypted currency, he will have a special guiding role for other big investment institutions and large investors. Many investors will be affected to pay attention to bitcoin. Of course, I hope this is just a conjecture, because George Soros often manipulate the market maliciously, which is perhaps a FUD made by whale deliberately.

[nur rochid]

He is a controversial figure, but he suddenly taking planning to put an investment in crypto with a reason, is a profit.
Surely yes, if he true confirmed entered the market, it will boost the fluctuation. But i don't see any related info's about waht and where coins are they planning to put the investment on.

we can only predict it, for that we have to buy some potential coins, so one of that coins may be intended to pump. if it is true one of coins we invested in pump, then we will get a big profit

[AbyssLagiaz]

Maybe referrals could happen from his links to other people and they could also invest in here. I don't know how many stocks did he already invested at but as saying a billionaire investor in a context that will invest in this large game is an encouragement to other people also to invest just like what I had pointed out previously, the referrals. Externally from his link, other investor could hurriedly play the game and buy more before the price rocket gets lifted after George's initial ride in cryptocurrency.

[korolevot]

Most of you have probably heard about George Soros a billionaire who is reportedly taking an interest in cryptocurrency trading. Just before this event, he's been negative on bitcoin, calling it a bubble and etc, but with his sudden interest now in trading with his $26 billion assets, I guess we could probably say that he saw the potential of cryptocurrencies.

How do you think will this affect the market and all the user of cryptos? Can we expect a price spike in the market then after a while, a sudden downtrend movement again?

I doubt the credibility of this actually happening. Why will a sensible person announce it before investing as it can push prices up as a positive news.

[Sarisang]

I do not hear news about him, great effects, if he wants to invest, would indeed be there. odds on crypto including bitcoin is indeed very good and very promising, but I'm not sure a very rich as she is fully willing to invest his money in a very high risk. probably still a lot of things are more promising to be invested.

[RodeoX]

No one has any more authority than anyone else. Anyone who wants to use bitcoin can. George Soros can't stop you from using bitcoin and you can't stop him either. Fair money.