Quote from: gabmen on January 05, 2018, 06:59:49 AM

Quote from: quhert on January 04, 2018, 01:08:59 PM

A well-known investor believes that Bitcoin will go up

Investor Peter Thiel has put all his money on Bitcoin
The main financial press reports that its venture capital fund was purchased and owned a digital asset by increasing its profit by a thousand percent last year, which made the decentralized currency one of the company's most valuable investments

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Funny how these rich people still strive to be richer. Though it's a very risky gamble, it has some decent facts to back it up. And i don't believe he's putting everything on btc as well. People as rich as him know all too well that every gamble needs to have a back up in case something goes wrong

I mean who does not want to be richer? Assuming that the news is true and legit, this is definitely an opportunity that I do not want to be missing in investing. When big and famous investors enter the world of cryptocurrency, this increases the reputation in the media and slowly eliminates the stigma of bitcoin being a bubble soon to pop. Another thing, rich people tend to gamble more since they have the means of providing themselves capital.
I do not believe that he will invest everything on one (1) go and he needs to diversify his investments into different altcoins or other types of investments to reduce the risk of losing everything.