George Soros "getting ready" to trade cryptocurrencies

[BillyBobZorton]

George Soros is reportedly getting ready to start trading in crypto. Now, I wonder what the hell does that mean. Soros is a multi billion dollar player... it's not like the markets are liquid enough for him unless he wants to stay with Bitcoin only, the rest of the coins are a joke as we all know, so I assume his biggest position would be Bitcoin.

Will he be trading futures or the actual asset? does this bring us closer to an ETF since the SEC would sure like to see huge players trading an ETF and not Bitcoin itself? (so they can manipulate it better..)

What impact do these George Soros news have on Bitcoin?

https://www.cnbc.com/2018/04/06/soros-fund-reportedly-preparing-to-trade-cryptocurrencies.html

The news say it will be through his investment fund, but we don't know what they will be doing exactly.

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[usorin]

Soros is a financial personality but honestly i don't trust in him or in the news about him.m I think that it would be nice to make this kind of investments but from the entire clip i love the part with the dashboard with a lot of crypto icons, it is incredible how this world develop and it keeps going.

[tora]

Soros is well-known in the investment world,in fact earning the title of "the man who broke the Bank of England". Could be real serious money if it is true he is investing.

[jems]

This news immediately responded positively by the market and Bitcoin prices look up although not significant. Hopefully this news will invite whales and trade will increase.
I can not wait for the best moment...

[Coffee135]

Soros is well-known in the investment world,in fact earning the title of "the man who broke the Bank of England". Could be real serious money if it is true he is investing.

If this is really true, then all users of cryptocurrencies are waiting for very difficult times. It can keep prices at the lowest level for as many years as it will take to buy most coins. Only then will the price go up but we won't see it because we will sell our coins before. We can't wait long.

[kevoh]

From this statement below by George Soros back in January

“Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can’t be used for instance to pay wages because wages drop by 25% in a day. It’s a speculation. Based on a misunderstanding.”

to George Soro's $26 Billion hedge fund planning to trade cryptocurrencies three months later. We are certainly in for interesting times in Cryptoshpere!

[Vlad2Vlad]

OP, dude, wake up, Soros is gonna short the daylights out of BTC.  Easiest billions he ever did make. 

Thank you for playing!   

[hitrawal91]

George Soros is reportedly getting ready to start trading in crypto. Now, I wonder what the hell does that mean. Soros is a multi billion dollar player... it's not like the markets are liquid enough for him unless he wants to stay with Bitcoin only, the rest of the coins are a joke as we all know, so I assume his biggest position would be Bitcoin.

Will he be trading futures or the actual asset? does this bring us closer to an ETF since the SEC would sure like to see huge players trading an ETF and not Bitcoin itself? (so they can manipulate it better..)

What impact do these George Soros news have on Bitcoin?

https://www.cnbc.com/2018/04/06/soros-fund-reportedly-preparing-to-trade-cryptocurrencies.html

The news say it will be through his investment fund, but we don't know what they will be doing exactly.

Well this is a positive news and it will give the positive impact on the bitcoin and other cryptocurrencies prices, but before that, you need to make sure that this impact will be short-term and so be prepared for the long-term value on purely investing basis alone and not on any kind of news or government press release. George Soros is really a trading authority in himself and he is one of the best traders in this world who have guided many traders and investors on regular basis.

[Kingofbitcoin12345]

It’s a good news to cryptocurrency don’t get me wrong.. My concern is with all of the billionaires in this world why George Soros?? We heard bad news about him and his attitude toward investment.. Is this a start of new strategy by the bankers association to control the market..

Time will come that it will reveal what is the purpose of this man in investing to crypto and hoping it is genuine and not a trap made for all of us in crypto community to suffer..

[BillyBobZorton]

OP, dude, wake up, Soros is gonna short the daylights out of BTC.  Easiest billions he ever did make. 

Thank you for playing!   

Ultimately, the supply of Bitcoin is limited, so he can only short up to a point. In the long term the demand for a decentralized global censorship resistant digital gold is perpetual one, will never go away. With these 2 variables in mind, we know that physically Bitcoin can only go up long term. The shorting circus is only a temporal one. Bitcoin will outlive Soros and all of us, so he is wasting his time shorting, and he is not the only whale out there, by squeezing a shorting whale you can make a ton of money too as a whale with an opposed agenda.. watch out then.

[feverpitch]

Remember Soros always earning money in short position so i think he will do maximum to fall bitcoin price more and more so that news is not good for markets .

[Alexddr]

George Soros is reportedly getting ready to start trading in crypto. Now, I wonder what the hell does that mean. Soros is a multi billion dollar player... it's not like the markets are liquid enough for him unless he wants to stay with Bitcoin only, the rest of the coins are a joke as we all know, so I assume his biggest position would be Bitcoin.

Will he be trading futures or the actual asset? does this bring us closer to an ETF since the SEC would sure like to see huge players trading an ETF and not Bitcoin itself? (so they can manipulate it better..)

What impact do these George Soros news have on Bitcoin?

https://www.cnbc.com/2018/04/06/soros-fund-reportedly-preparing-to-trade-cryptocurrencies.html

The news say it will be through his investment fund, but we don't know what they will be doing exactly.

I think many funds will enter the cryptocurrency this year. This will cause the growth of the crypto-currency market. But I guess this investments will be short-term and it is nessesary to fix profit at the end of year.

[Swenna]

As of the moment, I have no major reaction towards the news. Was there actually an actual confirmation that Soros will actually be entering the crypto-market? All the news that I have read so far uses the words "thinking", "getting ready", and "will soon."

However, he is a very powerful man. And if he really enters cryptocurrency, he may become a top player, too. But of course, depending on how he will handle his investments.

[Hydrogen]

What impact do these George Soros news have on Bitcoin?

https://www.cnbc.com/2018/04/06/soros-fund-reportedly-preparing-to-trade-cryptocurrencies.html

The news say it will be through his investment fund, but we don't know what they will be doing exactly.

Similar news was making the rounds, around 1 year ago.

Rothschild Investment Corporation Becomes Bitcoin Stakeholder

Jul 25, 2017

A major mainstream investment company, Rothschild Investment Corporation, has embraced cryptocurrency by investing in bitcoin. The company recently filed a holdings report that solidified this investment move. They bought shares of the GBTC, or the bitcoin investment trust, which acts as a share that tacks its value to bitcoin’s price.

https://news.bitcoin.com/rothschild-investment-corporation-becomes-bitcoin-stakeholder/

It might be safe to say Rothschilds, Soros or other big names buying into bitcoin for whatever purpose is nothing new.

What is different about George Soros is, when he gets seriously involved in the economies of nations he has been known to make or break them. An influx of capital can result in a prosperous economy and good living standards. At the same time, in cases where Soros has withdrawn his money from a country it has meant economic ruin in some cases.

Not necessarily because the loss of capital was disastrous but moreso as other investors and businessmen often follow George Soros' lead and emulate him hoping to re-enact his success. So even if Soros has no real plans for bitcoin at the moment(which is what I expect). Maybe in the future he could choose to invest or take part in crypto markets.

[liseff3]

We can't judge it positively or negatively, for who exactly? .... George Soros does the trade (play). But after I read its history, George Soros was a radical capitalist also including a heavyweight investor with a bad history that has been inscribed on some countries in Asia, it seems that George Soros will be more in favor of the popes, because it is possible he also belongs one of the hordes of whales that have betrayed bitcoin.

[PauloLuks]

Soros spoke at the World Economic Forum in Davos on January 25, and suggested that digital coins could not function as actual currencies because of their volatility. As his firm is now considering crypto, it may indicate that Soros sees something that the rest of us do not with regard to the price of Bitcoin and other cryptocurrencies. Bitcoin has been below $8,000 for the past two weeks according to CoinMarketCap. If Soros invests in Bitcoin now and it climbs back to its all-time-high, then he stands to triple his money.

[fokinlipat]

George Soros is reportedly getting ready to start trading in crypto. Now, I wonder what the hell does that mean. Soros is a multi billion dollar player... it's not like the markets are liquid enough for him unless he wants to stay with Bitcoin only, the rest of the coins are a joke as we all know, so I assume his biggest position would be Bitcoin.

Will he be trading futures or the actual asset? does this bring us closer to an ETF since the SEC would sure like to see huge players trading an ETF and not Bitcoin itself? (so they can manipulate it better..)

What impact do these George Soros news have on Bitcoin?

https://www.cnbc.com/2018/04/06/soros-fund-reportedly-preparing-to-trade-cryptocurrencies.html

The news say it will be through his investment fund, but we don't know what they will be doing exactly.

This news will push the prices automatically up and thus if someone is interested in 20-30 % gains in few days, this is right time to take that risk. Also, if he actually starts investing, and spends good amount of money for this, prices will rise further.

But as an investor, I do not think that any big whale will announce its entry in bitcoin market. This is because the news is going to push the prices up and thus they will have to buy at higher prices. They are experienced enough to understand all this and will not take this risk.

[nightfury]

Will, if that will happen and he really invest millions in bitcoin, then it can be the signal or start of the bull run that we have long waited for. We just need some news like this to give morale for others who are already frustrated by the bearish market.

[bitmover]

Will he be trading futures or the actual asset? does this bring us closer to an ETF since the SEC would sure like to see huge players trading an ETF and not Bitcoin itself? (so they can manipulate it better..)

Huge players are not going to buy ETF rather than Bitcoin to manipulate the market.

Pension funds, for example, cannot buy bitcoin for regulatory and legal reasons. Of course they want to buy, but they simply can't. But they can buy an ETF.
Other funds cannot buy Bitcoin, but they can buy futures. Huge players are not buying future or ETF to manipulate, but because they can't buy bitcoin directly.

Bitcoin is asset with the higher valuation over the last 10 years.
Bitcoin in the right proportion in a portfolio even lower it's risk, as its risk is completely disassociated to any other traditional asset (like stocks and bonds). Great players are coming in, they just can't now.

[fiulpro]

All these investors focus more on the personal gain rather than the mutual one thus I don't think we should be that much Happy regarding this .
First and foremost we could easily see prices to increase for short term but that's not all it could help us to get rid of the depression that bitcoins is in right now.
Investments made right now would be beneficial for us for short terms only .