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Author Topic: [26-12-2013] China's Richest Man Invests in Bitpay  (Read 4288 times)
BitcoinBoard (OP)
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December 26, 2013, 05:02:00 PM
 #1

http://bitcoinboard.net/chinas-richest-man-invests-in-bitpay/

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LiteCoinGuy
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December 26, 2013, 07:09:01 PM
 #2

great news. here is the original:

http://www.scmp.com/business/banking-finance/article/1390224/bitcoin-service-firms-best-investment-not-virtual-currency

Bono
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December 26, 2013, 09:01:35 PM
 #3

To the moon!
Jochen
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December 26, 2013, 09:16:32 PM
 #4

This is great news Grin.
Some good things seems to come in 2014
segeln
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December 26, 2013, 09:25:28 PM
 #5

This is great news Grin.
Some good things seems to come in 2014
This will come in 2014:
http://bitcoinboard.net/bitcoin-in-2014-what-can-we-expect/
kjlimo
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December 26, 2013, 10:19:01 PM
 #6

Wonder how long before Bitpay goes public? 2,  3, 5 years?

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oakpacific
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December 27, 2013, 01:41:02 AM
 #7

To say he is China's richest man is a understatement: he is the richest man in Asia.

The guy is the traditional type of Hong-Kong legend: dirt-poor to filthy rich, the guy is also famous for his acumen of spotting good tech start-ups, unusual for his age.

To a common Chinese, "Lee Ka-shing has invested in a Bitcoin firm" sounds way more impressive than "China's richest man has invested in a Bitcoin firm".

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
dree12
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December 27, 2013, 01:43:57 AM
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To say he is China's richest man is a understatement: he is the richest man in Asia.

The guy is the traditional type of Hong-Kong legend: dirt-poor to filthy rich, the guy is also famous for his acumen of spotting good tech start-ups, unusual for his age.

To a common Chinese, "Lee Ka-shing has invested in a Bitcoin firm" sounds way more impressive than "China's richest man has invested in a Bitcoin firm".

He is also the richest Canadian, despite not living in Canada. That was something I found interesting.
oakpacific
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December 27, 2013, 01:59:31 AM
 #9

Thank god I can finally get rid of those clowns who spout "Bitcoin is a scam the government has banned it" bullshit, just tell them "what the hell are you smoking, Lee Ka-shing has invested in a Bitcoin firm" will be enough to shut them up, this maybe the most meaningful thing coming out of this investment, LOL.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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December 27, 2013, 02:41:50 AM
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Thank god I can finally get rid of those clowns who spout "Bitcoin is a scam the government has banned it" bullshit, just tell them "what the hell are you smoking, Lee Ka-shing has invested in a Bitcoin firm" will be enough to shut them up, this maybe the most meaningful thing coming out of this investment, LOL.

nah let them sell their btc so i can get some for cheap ...
Jochen
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December 27, 2013, 09:14:05 AM
 #11

This is great news Grin.
Some good things seems to come in 2014
This will come in 2014:
http://bitcoinboard.net/bitcoin-in-2014-what-can-we-expect/

I suggest we buy and hoDL now Wink
r3wt
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December 27, 2013, 09:21:21 AM
 #12

This is great news Grin.
Some good things seems to come in 2014
This will come in 2014:
http://bitcoinboard.net/bitcoin-in-2014-what-can-we-expect/

I suggest we buy and hoDL now Wink


My negative trust rating is reflective of a personal vendetta by someone on default trust.
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December 27, 2013, 12:42:38 PM
 #13

Li Ka-shing totally doesn't feel safe hodling bitcoins... So he's hodling Bitpay instead.

This is mixed news, but it will very likely bump the price upwards.

To me it means my bitcoins will grow in value more soon, but at the same time it means the the PRC isn't going to be allowing the chinese exchanges to accept Yuan any day soon... In fact it may shut them down completely.  Undecided

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December 27, 2013, 12:54:35 PM
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Li Ka-shing totally doesn't feel safe hodling bitcoins... So he's hodling Bitpay instead.

This is mixed news, but it will very likely bump the price upwards.

To me it means my bitcoins will grow in value more soon, but at the same time it means the the PRC isn't going to be allowing the chinese exchanges to accept Yuan any day soon... In fact it may shut them down completely.  Undecided

If you invest in Bitcoin firms, you most probably took time to study it and thinks the industry can create real value, which I think is good, and the most successful investors hardly just speculate on assets.

Whether the Chinese authority cracks down on the exchanges really doesn't matter, real Bitcoiners in China can buy and use bitcoins all the same.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
BTCLuke
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December 27, 2013, 01:11:07 PM
 #15

Whether the Chinese authority cracks down on the exchanges really doesn't matter, real Bitcoiners in China can buy and use bitcoins all the same.
Most of them sold their bitcoins back though! Where are they going to get any if the exchanges go down?

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December 27, 2013, 03:23:24 PM
 #16

Wonder how long before Bitpay goes public? 2,  3, 5 years?

They will consider going public once a reliable and trustworthy Bitcoin-based stock exchange is established somewhere. Most of the current exchanges (BTCT, MPEX.etc) have proved to be con-jobs. I myself lost more than half of my hard earned coins in BTCT.
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December 27, 2013, 04:46:10 PM
 #17

So is this legit? Why have the other MSM outlets not picked this story up? Huh
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December 27, 2013, 05:10:56 PM
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So is this legit? Why have the other MSM outlets not picked this story up? Huh

My question too.  I'd like to see further confirmation. 

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
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December 28, 2013, 12:49:29 AM
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Whether the Chinese authority cracks down on the exchanges really doesn't matter, real Bitcoiners in China can buy and use bitcoins all the same.
Most of them sold their bitcoins back though! Where are they going to get any if the exchanges go down?
That's not a big problem. I needed to buy bitcoin to use altcoin so Chinese people can buy dollars or euro to buy bitcoins can't them? 
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December 28, 2013, 12:58:22 AM
 #20

If Li Ka-shing made this move now, after a few weeks from china banning bank and financial institutions, he must know something we don't
I imagine a man of this caliber doesn't take decisions out of his ass
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