Content adapted from this Zerohedge.com article : Source
Cryptocurrency might get a shot in the arm from one of the world's leading speculators.
After a historic drop in the price of cryptocurrency, billionaire investor George Soros could start trading in the alternative platform.
According to Bloomberg, the New York based Soros Management Fund received permission in the last few months to trade in alternative currencies. Adam Fisher, who runs the fund, has yet to make a trade despite the internal approval.
The leaked by Bloomberg is raising the question, if accurate, whether Soros is just getting started or was he accumulating the last few months?
What is ironic, is that just three months ago when speaking at the World Economic Forum in Davos, Soros said digital coins cannot function as actual currencies because of their volatility, "but he didn’t predict the hard tumble that some observers had forecast at the time."
“As long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad,” Soros, 87, said on Jan. 25.
To be sure, Soros won't be the first billionaire to try his skills trading cryptos. Others include John Burbank, who shuttered his main fund last year, and who plans to raise $150 million for two funds investing in digital currencies. As reported before, Brevan Howard's billionaire founder Alan Howard also made sizable personal wagers in cryptocurrencies last year and plans to put more of his own money into digital assets and the blockchain technology behind them.
Non-adapted content found at zerohedge.com: Source
That's the single most reason why price is down....watch the $6000.
https://steemit.com/altcoin/@rollandthomas/wall-street-secrets-revealed-1-the-hedge-funds-are-coming-to-crypto
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Incredibly, I lost a lot of money to Cryto. Hope that stops because it's really painful
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You only lost money if you sold for a loss. If you keep holding you should be alright.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hodl!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting, with this "correction" we have the big sharks swimming around what they think might be a chance to jump in a catch a big stake if the price of crypto start to rise again. Or they might be intending to deep it further...What might be the case this movement won't let the prize levels where they are now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, reading this post, I didn't know how what to feel. Excitement ? But to what? What's the implication of having soros' trade crypto?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The name of the game is to buy low and sell high...Should have been buying below 3k, not at 12k....I think we drop 5K and that is where you should start to see the accumulation building up again.
for now Lower
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed Soros must have been accumulating the last few months. He clearly showed he's feelings when it comes to the cryptocurrency market and with this news, he must have been having he's own personal intensions.. Something I believe many wealthy people are using to take advantage of the dips after playing a part in influencing them. The one thing about trading in cryptoassets is that you can choose to hide your identity, and it's easy to open various wallets to use in trading.. and who knows, many of the strong critics out there must be having their own intentions too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit