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rikkie
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May 15, 2014, 10:28:33 AM |
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I also think this is good news. Lets hope more will follow.
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JessyMatt
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May 16, 2014, 11:08:00 PM |
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Oh wow, bitcoin is here to stay!
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beetcoin
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May 17, 2014, 12:56:00 AM |
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he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
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hellscabane
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Activity: 896
Merit: 1000
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May 17, 2014, 02:46:36 AM |
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he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
I'm inclined to believe that this is the case much more. After all, his overall personal wealth is well over 5 times the amount of the Bitcoin market cap. Of course though, he could just quietly buy for a little while, further the already existing infrastructure and end up with even more wealth. Admittedly, that wouldn't be bad at all for the long-term of Bitcoin. |
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bryant.coleman
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May 17, 2014, 07:38:05 AM |
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This news has attracted wide spread publicity in the Chinese language mainstream media. Let's hope that more and more mainland Chinese will learn about the Bitcoins as a result of this hype.
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Crindon
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May 19, 2014, 06:25:57 AM |
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Interesting, and glad that Li Ka Shing is in support of Bitcoin. I don't think China's impact is that strong. Already, with a restriction on putting money into support Bitcoin by the Chinese government, the impact no longer pushes Bitcoin's price down. It will be a matter of time when there are new ways to circumvent the rules, and Chinese demand continues to grow.
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beetcoin
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May 19, 2014, 07:00:57 AM |
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Interesting, and glad that Li Ka Shing is in support of Bitcoin. I don't think China's impact is that strong. Already, with a restriction on putting money into support Bitcoin by the Chinese government, the impact no longer pushes Bitcoin's price down. It will be a matter of time when there are new ways to circumvent the rules, and Chinese demand continues to grow.
not anymore at least. china's been yanking on bitcoin so much that its effect has been muted - the price is already calculated in considering the fact that china is so wishy washy. i don't know how much china's effect has brought down bitcoin value, since the mtgox crash has also had a big impact on price. |
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bryant.coleman
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May 19, 2014, 07:11:54 AM |
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Interesting, and glad that Li Ka Shing is in support of Bitcoin. I don't think China's impact is that strong. Already, with a restriction on putting money into support Bitcoin by the Chinese government, the impact no longer pushes Bitcoin's price down. It will be a matter of time when there are new ways to circumvent the rules, and Chinese demand continues to grow.
What Li Ka Shing has to do with China? He is a citizen of Hong Kong. Bitcoin is not banned in Hong Kong, and actually the authorities there are very supportive of the digital currency. |
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Modus_operandi (OP)
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May 19, 2014, 10:37:27 AM |
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he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
You are right, however in my opinion the amount of his investment is not as important, as the information for wider public that goes beneath - another successful enterpreneur thinks that Bitcoin is here to stay - in the aspect of good publicity it's priceless. |
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sgk
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!! HODL !!
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May 19, 2014, 11:32:19 AM |
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he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
You are right, however in my opinion the amount of his investment is not as important, as the information for wider public that goes beneath - another successful enterpreneur thinks that Bitcoin is here to stay - in the aspect of good publicity it's priceless. This is the correct way to look at it. General public always takes inspiration from established players to invest their hard-earned money. If some bear hears about popular investors investing in Bitcoin, he would be less reluctant to invest his own assets. |
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Modus_operandi (OP)
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May 19, 2014, 11:53:07 AM |
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he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
You are right, however in my opinion the amount of his investment is not as important, as the information for wider public that goes beneath - another successful enterpreneur thinks that Bitcoin is here to stay - in the aspect of good publicity it's priceless. This is the correct way to look at it. General public always takes inspiration from established players to invest their hard-earned money. If some bear hears about popular investors investing in Bitcoin, he would be less reluctant to invest his own assets. True. More good news from another enterpreneur, this time from eBay's CEO: http://investorplace.com/2014/05/bitcoin-paypal-ebay/#.U3nst1PLciA |
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sana8410
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May 19, 2014, 05:39:02 PM |
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Hope Chinese Government won't go after him for investing in bitcoin...but this is good news for bitcoin,we gonna see some rise on bitcoin value! |
RENT MY SIG FOR A DAY
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hensi
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TheSlimShady
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May 20, 2014, 05:03:44 AM |
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Well this news is quiet old now, and yes, these people encourage a lot of others to invest in bitcoin, i have myself seen many people investing in btc just because they found some big names investing in btc. |
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Modus_operandi (OP)
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May 21, 2014, 09:18:31 AM |
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Well this news is quiet old now, and yes, these people encourage a lot of others to invest in bitcoin, i have myself seen many people investing in btc just because they found some big names investing in btc. Bitcoin2014 in Amsterdam, 30mln $ for Bitpay, few "yays" from people connected to US government and we have BTC at circa 500$. Hope this trend continues, and if it does, it would be nice to avoid another speculation bubble. Let's just crawl to the top with a good amount of corrections.  |
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stompix
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Blackjack.fun
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May 21, 2014, 11:38:12 AM |
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This news has attracted wide spread publicity in the Chinese language mainstream media. Let's hope that more and more mainland Chinese will learn about the Bitcoins as a result of this hype.
A lot of Chinese learned about bitcoin with the PBOC announces , and that did a great job  . I'm not so sure a lot of hype will actually come from this announce , more like a pump with no actual support. I'm just hoping the current 50$ rise isn't based entirely on this. |
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bitsmichel
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May 21, 2014, 05:16:27 PM |
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This is very good news for BTC. People see potential in BTC and crypto, soon others will open their eyes and profit. |
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waldox
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May 21, 2014, 09:40:29 PM |
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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
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