George Soros goes from crypto skeptic to investor in just 3 months

[the_poet]

Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"

Need we say more?

http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/

[Victorycoin]

That is good news to not only the Bitcoin community but the entire cryptoworld, because that would translate to the injection of more funds into the market, which would boost the price and we know whatever raises the boat of Bitcoin also rubs off on the altcoins. We would likely be seeing many of those nay sayers at Wall Streets taking back their words, as the awareness and adoption of Bitcoin keeps growing in leaps and bounce especially as the treat of very high transaction fees and delays in network confirmation are now behind us.

[lisasteca]

When I learn that big investors like these enter a certain market, I wonder if the price decreases have been caused by them to facilitate entry into the market

[squatz1]

No one knows if he's buying, selling, or shorting bitcoin. It just says that his investment fund has gotten the OK to get involved with Crypto, so take that as you will. I wouldn't take it as much, given that all the news companies are more into making people trade a certain way rather then giving them real unbiased news -- so I think this is simply a sham to make people bullish while it could crush us all if he shorts the market.

Who knows!!!!!!!!

[OneNattyLitecoin]

George Soros is Satan.

[easybtcearn2017]

This is not surprising. People knows very the potentials and opportunity of Bitcoin. Weather they are confused or not taking risk over fiat’s majority. Or maybe they are manipulating market. More people will get engaged in Bitcoin IMO.

[the_poet]

Rockefellers join Rothschilds & Soros in cryptocurrency investing

https://www.rt.com/business/423559-rockefellers-soros-rothschilds-cryptocurrency-investment/

[nelson4lov]

This is a bit of relief  especially in a time like this where majority of the  media coverage has been about negativity. George Soros coming into the cryptocurrency market is a great step in the right direction. Because other big money bags and institutional investors/organisations will be looking to follow suit. Hopefully bitcoin would start trending positively.

[Washball]

Despite this great news of Soros stepping into cryptocurrencies, the price of bitcoin dropped from $7000 to $6600 in just a few hours. Would this drop have been initiated by Soros or just coincidence?

[FrueGreads]

Despite this great news of Soros stepping into cryptocurrencies, the price of bitcoin dropped from $7000 to $6600 in just a few hours. Would this drop have been initiated by Soros or just coincidence?

I would say it's just a coincidence. Truth be told, the market is not responding to good news anymore. Right now institutional investors are waiting for regulation to become more clear, before investing again, and retail investors are probably scared since we are on a bear market.

Not saying there aren't people buying bitcoin right now, but we definitely are facing a lot of selling pressure right now. At least those that bought just for the fast profit are facing a lot of pressure, since the market keeps dropping. As for the reason for the drops, it's probably manipulation in order to keep the price low, and keep flushing all the week hands out there, just to then buy it again at a better price in the future.

Before bitcoin gets real adoption, we will probably keep seeing these moves, and the rich just keep getting richer.
To be honest we can fight this just by holding our coins. There is no reason to sell them, if we are planning for the long term. In fact, we can even do better and take advantage of the manipulation that is going on, and just keep buying after each small dip.

As for the news itself, it just shows that interest is still there, and everyone that makes their research will probably understand that bitcoin is still a good buy for the future. Let's face it, development is on the right track, so what more could we want?

[Jating]

Despite this great news of Soros stepping into cryptocurrencies, the price of bitcoin dropped from $7000 to $6600 in just a few hours. Would this drop have been initiated by Soros or just coincidence?

Its just a coincidence mate. This has been the trend as of late, its like we are making 1 step forward and then taking 2 steps backward. When we are about to rally and pick it up, the market will suddenly take a turn and the price pulling back.

As far as Soros and other traditional investors getting into the picture, I don't know, I'm still not sold on them. During the peak of bitcoin, all those guys keep attacking bitcoin saying all nasty things about it. So I'm thinking that maybe they have really plans to join the bandwagon, but since the price is already steep that time, they have to do something to pull the price down so that they can invest large amounts.

And now it has been unmasked that crypto is already at their radar as well. So let's see it what they are saying is true and hope that they will somewhat influence the price if ever they have enter the ecosystem already.

[bitart]

Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"

Need we say more?

http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/

Maybe he has already bought in the beginning of 2017 and sold the coins in 2017 december, so in Jan 2018 he wanted to buy again, which means there was a need for a discount price, so he started to spread negative news, like the bubble one.
The price went down and maybe he has already bought back the coins e.g. in March 2018, so now there's a need for the price to skyrocket again. Now he started to spread positive news, like he's getting into cryptos.
This is only one possible scenario, of course, so we can't be sure what happens behind the scenes...

[aardvark15]

Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"

Need we say more?

http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/

It shows that even skeptics can jump on the band wagon if there is money to be made. He probably came to a realization that he is missing out on a great opportunity. He may not understand this technology but there is no denying that a segment of the world is passionate enough about cryptocurrency projects that it’s not going away any time soon.

[wwzsocki]

That is good news to not only the Bitcoin community but the entire cryptoworld, because that would translate to the injection of more funds into the market, which would boost the price and we know whatever raises the boat of Bitcoin also rubs off on the altcoins. We would likely be seeing many of those naysayers at Wall Streets taking back their words, as the awareness and adoption of Bitcoin keeps growing in leaps and bounce especially as the treat of very high transaction fees and delays in network confirmation are now behind us.

This a great news for cryptocurrencies for sure. I have written about Goerge Soros a few weeks ago. This a clear message for me that big money is coming into the play. We need this kind of news every day to stop fear in the market. From few days we are on green and market started slowly to recover. Let's hope this is not a trap only first bullish move from many others.

[pitiflin]

Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"

Did his daughter also invest in cryptocurrencies just like Jamie Dimon'a daughter? If yes, then you know why :

And everybody, stop shitting the same thing by saying that this is big news and shit. It's not a big news. Honestly, no one gives a fuck. Move on.

[carcassone]

Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"

Need we say more?

http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/

well only stupid doesn't change idea, and soros doesn't should be one.
great news for all of us, we achieve a new milestone with this big whale on our boat

[PauloLuks]

George Soros broke the bank of England. He's a dangerous man with lots of money. In addition, it supports leftist parties around the world. I do not know if that's good. But I'd rather remain skeptical about it. He may be able to make some moves that could hurt the crypto market, or help him as well. Either way, I would prefer this kind of person stay out of the crypto world.

[Roman Coinson]

Anything surprising in his behavior is not present! He simply wishes to earn on the last jump of the bitcoin price at the end of the year.

[coinholic]

Jan 2018 - George Soros: "Bitcoin is a bubble"
Apr 2018 - "George Soros Is Getting into Cryptocurrencies"

Need we say more?

http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/

We all know that when Billionaires join the action good things usually happens. This only proves that this system is not to be taken lightly since many have already benefited from it. It's just strange that some of these well known, powerful business tycoons are slow in realizing the potentials of the cryptocurrency market.

[iconternal]

It's true that bitcoin has always been a bubble, but identical bitcoin bubbles are rising in price every year that is perfect and good for investors who want to invest and buy bitcoins.