George Soros "getting ready" to trade cryptocurrencies

[Altcoins enthusiast]

I don't think this will be bad news for us the cryptocurrency community but a good news that might fix everything. Bitcoin will actually going to be the biggest beneficiary as most of the other coin may not get alot of capitalization for him to trade on.

[JuniAiko]

I've read that Soros is not gonna pump up the price by buying from exchanges.

For massive buy-ins to the various crypto-projects he have shortlisted to selectively invest in, he will seek to buy in via legal channels available outside of common exchanges. Normal exchanges also doesn't have the necessary volume to support that kind of purchases by big investors. This means that whatever coins he buys, the actual increase in demand/worth of those coins will not immediately be reflected; but the impact of his investments will gradually priced in.

I am not too against Soros, but I too am paranoid of these super-whales investing into cryptos. I personally want to see at least 30 if not 40% of the world ordinary people first getting into cryptos, before those super-whales comes in. But I know that this is unlikely to be the case.

I am more paranoid by those wall street crooks who were directly involved in crashing the worlds economy in 2008 (such as Goldman, Koch Brothers, and so on), and CEOs and executives linked to unethical mega corporations (such as WalMart, Monsantos, and etc), any anyone tied to the likes of either the Clintons or Trump, investing into cryptos.

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Also..

Personally, IMO, regardless of what project it is, cryptos that have held private ICOs offering crazy bonuses/discounts to whales should not be taken with a high regard compared to cryptos that tries to ensure a wide distribution of coins to us normal investors. To create equal opportunity for the people rather than the super-wealthy, that is the spirit that all respectable cryptos should hold.

The trouble with ICOs.
For individuals that can overcome these problems, ICOs are the way into nascent projects. But here they're also at an extreme disadvantage next to Wall Street money.
Firstly you have all the scams. An individual typically doesn't get to meet project founders with an in-house technology expert at their side, but an institution can afford to vet each project thoroughly. Scams have siphoned hundreds of millions of dollars of individual investor money out of the market, and doubtless turned some people away from cryptocurrency permanently, while leaving institutional money untouched.
Secondly you have the trouble of pre-sales, coupled with the US regulations which restrict many token offerings to accredited investors and institutions only. These regulations are intended to protect retail investors, but in some ways have the opposite effect. Pre-sales can give big discounts to institutional investors, who can then flip a portion of their tokens to cover costs as soon as they hit the open market.
A company that buys in the pre-sale stage at 33% of the ICO price (not uncommon) can just sell off a third of their tokens once it hits the market. This covers their initial expenditure and still leaves them with a sizable investment in the project. It's a lot like free money.
Individuals, however, typically cannot do this. Pre-sales are usually restricted to institutions or wealthy individuals with the right connections, and the state of regulations in the USA means ICOs in general are increasingly off-limits to main street investors. In many cases, the average individual can only buy into a project once the token hits the market, at several times the price per token as an institution pays. This fundamentally changes entire risk to reward ratio. Main street and institutional investors can look at exactly the same project, and see a completely different projected return.

[timerland]

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.

Very vague as to what "preparing to trade crypto" means.

IMO this dip is going to mean that a lot of new institutional investors make their entry into the market. They see the opportunity here after the bubble had just burst, and they want to take advantage of it. As he said, bitcoin technology is extremely promising even though the price had crashed due to the bull market coming to an end.

I have no idea personally whether that firm will trade real bitcoin or not, but I think they will probably trade in derivatives, or investing in new bitcoin projects instead of an actual bitcoin.

Impact wise, not much. Short term could generate some hype since this firm has some following for sure. But again, it's just signifying start of an influx of institutions investing in BTC.

[13abyknight]

We're not going to welcome him with a red carpet are we? The crypto market has already seen many multi-billion dollar barons who have failed to get a grip in the already whale dominated market. Assuming that he is coming in with a plan in mind, it is still going to be hard for him to make big money as it is going to take lot of patience and effort to shake the markets.

[Just John]

George Soros getting into the bitcoin market is just an indication that the big players have started to notice the market and its potential which is why you should hold on to all of your coins and wait. This might mean we will see a price hike soon enough.

[loyaeskiron]

The impacts of this, are affects positively on the credibility of cryptocurrency business, that more high profile rich people are also next to follow on what George Soros doing, it would also affects the popularity of people trust to cryptocurrency business.

[torch2121]

A big whale is added. Can we wish that they can create a group were we can join. So that for us smaller trader can go on the flow on market and be successful. Just a thought.

[amishmanish]

--snip--
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.

George Soros, Rothschilds and other mega investors coming in..So The Illuminati had woken up to bitcoin..LOL..

Conspiracy theories apart, it looks like they have finally found this to be the right entry point. They must have decided that they cannot take a chance with letting go off something like bitcoin that can have far reaching implications for them in the long run.

Now the question is that even if they enter and hold huge amount of this decentralized currency, what effect could they have on a crypto-based future. As long as bitcoin is PoW, I don't think individuals holding huge amounts can be a problem except through market manipulations.

These people maybe good but are they god enough to manipulate the market always to their advantage? We see speculations about these coordinated pump and dump scenarios. Over the years, it has been confirmed that the more this happens with bitcoin, the more popularity it gets. The kind of people who are holding considerable amounts of BTC as individuals are diverse enough to defend from any sort of coordinated whale attack.

Now if they enter with the view to use the volatility to their advantage, we'll soon see regulations on trading similar to the stock markets. The one thing such news will speed up is regulation and possible recovery.

Though if the illuminati conspiracy is true, they may already have huge stocks of BTC with them cuz then they'll be the one behind Satoshi anyways!! 

[fullhdpixel]

The impacts of this, are affects positively on the credibility of cryptocurrency business, that more high profile rich people are also next to follow on what George Soros doing, it would also affects the popularity of people trust to cryptocurrency business.

George Soros is getting ready to trade with crypto currency that is a good achievement, we will see more like this in future that has a great impact on Bitcoin popularity. We have been with such news in the past that KFC and many high trading companies are using Bitcoin payment or transactions.

Furthermore Bitcoin has impressed the CEO of Twitter and Square s he announced to work in order to manage new features for Bitcoin connection. These all are the achievements of Bitcoin and that is what Bitcoin deserves as it is the need of every body now.

[stompix]

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.

Yeah, what gains? A drop of 7% on the last 7 days ?

When the news came out on the 6th Bitcoin was at around the same level as today 6700 it actually took a dive after and recovered briefly. News like this have stopped influencing prices a long time ago, especially since most of it were rumors and there was nothing official coming from his investment funds.

We're not going to welcome him with a red carpet are we? The crypto market has already seen many multi-billion dollar barons who have failed to get a grip in the already whale dominated market. Assuming that he is coming in with a plan in mind, it is still going to be hard for him to make big money as it is going to take lot of patience and effort to shake the markets.

Name one!

And yeah, people would welcome even Hitler if he were to shout "Heil Bitcoin", or "Bitcoin uber alles !"
99% of people right now are interested only in the price and the gains.
If you say in a thread that you use bitcoins for purchases you're labeled an idiot for giving away your coins by a myriad of newbies who sleep with 100 copies of their paper wallets holding 20 satoshi under their pillow and dream of buying an island with a militbit.

[nur rochid]

A big whale is added. Can we wish that they can create a group were we can join. So that for us smaller trader can go on the flow on market and be successful. Just a thought.

i think to join in their group is very difficult, I'm sure their group is closed and not everyone can join. but we can see latest news being released, so it can predict in the future about that movement of coins

[sircy]

We're not going to welcome him with a red carpet are we? The crypto market has already seen many multi-billion dollar barons who have failed to get a grip in the already whale dominated market. Assuming that he is coming in with a plan in mind, it is still going to be hard for him to make big money as it is going to take lot of patience and effort to shake the markets.

If seen for the moment a lot of the market is starting to live again and everything looks fresh green. This might be one of the great impact to greet him and hopefully what happens is currently not just pump a heartbeat away.

[Vladv26]

I dont know if they pump from last days was from him or not but thats how it looks like. I think he is just testing te market to see how it reacts to trading since its company doesn't have a lot of experience with trading cryptocurrencies. If he will continue to trade bitcoin and other coins will surely help the market because his company worths billions of dollars and this can make a difference on the market.

[cahbagus555]

Acctually, i never like that guy. This guy just want to make short profits and doesnt thing about affect on other investor. But in positive way, cryptomarket attracting many investor individual and institution. I am believe market cap on cryptomarket will jump high

[stompix]

I do not believe George Soros is new to crypto trading. This is not possible, i think we have heard the news a little bit late than the market. Unfortunately, the big portfolio does not give us advance notice.

He is and he himself will never to trading.
Stop thinking, and not just you, that he himself is going to start trading cryptos 24/7 and watch charts on 20 screens in his office.
Remember that he is 87 years old, I doubt he is still in condition to stay awake 4 hours continuously, there are a lot of reports (confirmed) all he does lately is just supervise what his employees are doing and a lot more unconfirmed that sometimes he acts like he's already senile.

I doubt that he has got involved prior to the last spike as the volume is tiny in comparison to the volume of the markets his business is usually involved. Cryptos were just a drop in the ocean.

I dont know if they pump from last days was from him or not but thats how it looks like. I think he is just testing te market to see how it reacts to trading since its company doesn't have a lot of experience with trading cryptocurrencies. If he will continue to trade bitcoin and other coins will surely help the market because his company worths billions of dollars and this can make a difference on the market.

All the trades will be done by his investment funds, and he can hire as many traders with experience in cryptos as he wants.

And those thinking that he is going to "invest", no he is not.
He is just going to trade, just how people trade coffee beans or cow meat and they've never set foot on a plantation or an slaughter house.

[Tyrantt]

I've been seeing this for over a few days now and I remembered, didn't he gave all his money to his organisations a few months ago and said he's pulling out or something like that? I may be wrong but as much as he's evil he isn't stupid and would probably go in a little earler. Don't know, but I'm starting to doubt these news about Soros.

[waqasniaz007]

Previously George Soros  said many times that crypto currencies are bubble but I think he will not effect much in crypto market,  crypto market is international and single investor can not effect whole market. It will be $ trillion  industry.

[hualangktsld841]

The entry of these celebrities into the encrypted world will certainly bring some benefits, they have a lot of money, and more importantly, their entry will lead to more investors. But let's not forget that they are bigger investors than whale, who are making money in the encrypted market.

[horrifiedx1]

The entry of these celebrities into the encrypted world will certainly bring some benefits, they have a lot of money, and more importantly, their entry will lead to more investors. But let's not forget that they are bigger investors than whale, who are making money in the encrypted market.

if soros really invest in cryptocurrency, i think many investors will follow suit, maybe by hearing news they have started to invest, because they do not want to miss the moment

[eagle10]

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.

If GSoros is a big player then, another potential whales are in town. What else, only whales (big players) have the ability and capability to manipulate the market because of huge funds they own in trading cryptocurrency. DO not expect them to turn holy when they want to play the market and make it rise and make it fall. They know that the market is their milking cow.