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Author Topic: Asia's richest man invests in Bitcoin  (Read 2463 times)
nickenburg
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May 21, 2014, 09:46:18 PM
 #21

li ka shing

is very popular in asia

he is like the warren buffet in north america

when he moves he influences the news papers in asia and will bring followers into bitcoin

Bitcoin is already very popular in the asian country's
Just look at http://fiatleak.com/
And you will see china is already buying bitcoins like crazy.
China has a lot of people, so even more buying bitcoins is great!
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Nancarrow
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May 23, 2014, 01:04:28 AM
 #22

http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Some other investors: Charles Branson, founder of Yahoo Jerry Yang, and PayPal founder Peter Thiel.

Hope that such news will encourage others. Enough bad publicity for BTC already!

Who Branson?  Tongue

If I've said anything amusing and/or informative and you're feeling generous:
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May 23, 2014, 01:24:32 AM
 #23

http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Some other investors: Charles Branson, founder of Yahoo Jerry Yang, and PayPal founder Peter Thiel.

Hope that such news will encourage others. Enough bad publicity for BTC already!

Who Branson?  Tongue


Charles Branson.  He was in Death Wish  Grin
cosmicmailman
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May 23, 2014, 08:49:13 PM
 #24

Posting from Vietnam, and I can confirm that cryptocurrencies are getting a lot of interest here. I walked into a coffeeshop in the center of Saigon yesterday and there was a German guy giving an impromptu seminar on Bitcoin to a bunch of guys in suits.
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May 24, 2014, 02:53:13 AM
 #25

Nice. Glad I finally have some coins in this exciting time. Now I just need to decide if now is a good time to buy more..
bryant.coleman
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May 24, 2014, 06:38:25 AM
 #26

Charles Branson.  He was in Death Wish  Grin

What about Richard Branson? He has been supporting Bitcoins for some time now.

Richard Branson: Not dollar, euro or pound but bitcoin

http://www.eturbonews.com/46122/richard-branson-not-dollar-euro-or-pound-bitcoin

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Not the US dollar, euro, British pound, or Russian rubel - it's bitcoin - a virtual currency that the founder of Virgin Groups has invested £17.8 million in fundraising for BitPay, a software program that processes payments in the digital currency.
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May 24, 2014, 07:11:05 AM
 #27

That's why he' worth $32 Billion! He makes smart investments. He always wanted Bitcoin, but saw the value was inflated. Now that the price is right, he's buying low, and going long with it. Smart cat!
The aforementioned Peter Thiel, The Don of PayPal, and also a billionaire from investing in Facebook early on, also has thrown millions into Bitcoin.
21pilot
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May 24, 2014, 09:23:47 AM
 #28

That's why he' worth $32 Billion! He makes smart investments. He always wanted Bitcoin, but saw the value was inflated. Now that the price is right, he's buying low, and going long with it. Smart cat!
The aforementioned Peter Thiel, The Don of PayPal, and also a billionaire from investing in Facebook early on, also has thrown millions into Bitcoin.

not in to Bitcoin itself, but in the Bitcoin infrastructure (Bitpay, Coinbase...)

venture capital going to a lot of Bitcoin ventures these days  Wink
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May 24, 2014, 10:49:16 AM
 #29

Venture capital really does seem to flow more and more into the BTC ecosystem in recent times. It will be exciting to observe all the new ideas and developments
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May 24, 2014, 11:22:49 AM
 #30

Bitcoin passed the $500 mark for the first time in weeks. It has been climbing steadily since 20th May A number of positive developments over the past couple of weeks helped reverse the bad course. And people are scared and liquidating their assets into something that is a hedge against inflation.


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bryant.coleman
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May 24, 2014, 02:40:39 PM
 #31

not in to Bitcoin itself, but in the Bitcoin infrastructure (Bitpay, Coinbase...)
venture capital going to a lot of Bitcoin ventures these days  Wink

Exactly. Li Ka Shing is not hoarding any significant amounts of Bitcoins. Rather he is investing in Bitcoin-related businesses such as Bitpay. And I believe that it is the right thing to do as well, at this stage.
TaunSew
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May 24, 2014, 02:50:11 PM
 #32

The infrastructure is not something that can disappear - if Bitcoin crashed down to $0, the computers and hardware themselves have some salvageable material cost to them and you'ld still have the network of professionals.  If Bitcoin was replaced by another coin - all it would take is weeks (months) to patch in new code and move onto the next coin.

The merchant argument is a poor argument - some of the 'high notice' merchants for Bitcoin are starting to accept Litecoin and Dogecoin.  In a hypothetical scenario where Bitcoin is supplanted by an alternate, all the merchants and infrastructure would follow ~ there's more loyalty to $Fiat (profit) than to any particular coin.

Although this thread deals in a lot of hypotheticals.  Litecoin is a fork of Bitcoin, Dogecoin is a fork $hitclone meme.  NxT has terrible distribution.  Darkcoin is supposedly 50% premine by the developer and it's a 'pump of the month' (flavour of the month). So I forsee Bitcoin remaining King but it still makes an inferior investment compared to investing in infrastructure.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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