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[aryan4]

Billionaire Mike Novogratz announced that he invested in a coin that he claimed was unknown. The altcoin he announced to have invested in is RedFOX Labs (RFOX).
Analyst Alex Saunders stated in his analysis that the RFOX altcoin has the potential to become an exploding altcoin.

 

[BullyMaguire]

But how much did he invest into it? He probably done this to promote the coin. For gains or for its potential. I wouldn't jump into this coin without any knowledge of it

 

[CrazySher]

Billionaire Mike Novogratz announced that he invested in a coin that he claimed was unknown. The altcoin he announced to have invested in is RedFOX Labs (RFOX).
Analyst Alex Saunders stated in his analysis that the RFOX altcoin has the potential to become an exploding altcoin.

It is not a great idea to invest million s or billions of money in a new unknown crypto if it is not become do popular then he will take a heavy loss and it may be also take many years to be popular or even can become useless.

 

[Dora_WalletInvestor]

But how much did he invest into it? He probably done this to promote the coin. For gains or for its potential. I wouldn't jump into this coin without any knowledge of it

These were my first thoughts as well. It might be legit but it might as well be a "pump and dump" scheme. I wouldn't make decision solely based on their words.

 

[BullyMaguire]

These were my first thoughts as well. It might be legit but it might as well be a "pump and dump" scheme. I wouldn't make decision solely based on their words.

Exactly this is now a common strategy of elites to control the market of a coin. He could've just invest on it without making statements but ofcourse he wants people to know so they invest too

 

[Brain]

But how much did he invest into it? He probably done this to promote the coin. For gains or for its potential. I wouldn't jump into this coin without any knowledge of it

This is the sure thing to do. It isn't wise to invest on online things or coins one doesn't have prekowledge of. I invest more though on the well known coins

 

[Sudipta]

I don't think this will profit him much. Rather it may cause him to loose a lot if he could not interest people to invest in it. If he has some big investors, then if he can make it work, it might boom.

 

[BullyMaguire]

This is the sure thing to do. It isn't wise to invest on online things or coins one doesn't have prekowledge of. I invest more though on the well known coins

Yeah and by the looks of it, his investment doesn't really affect much on the coin. I haven't seen anyone talking about it other than in this thread. It will need more than 1 person to make it popular.

 

[sixseight]

Brave move there, investing on an Unknown altcoin. It wont affect the coin much with only few people investing on it. What potential did he meant? i'm sure it's just his guts feeling

 

[Brain]

Yeah and by the looks of it, his investment doesn't really affect much on the coin. I haven't seen anyone talking about it other than in this thread. It will need more than 1 person to make it popular.

You know some wealthy men are risk takers so he might be going by that ideology an take the risk on a new coin. It isn't bad but for me I would only invest a little on it or invest what I can afford to lose

 

[BullyMaguire]

You know some wealthy men are risk takers so he might be going by that ideology an take the risk on a new coin. It isn't bad but for me I would only invest a little on it or invest what I can afford to lose

Well yeah there's a lot of wealthy person who do this kind if investments too. Im sure they've done a lot of research before jumping on it and huge amount at that once.

 

[Brain]

Well yeah there's a lot of wealthy person who do this kind if investments too. Im sure they've done a lot of research before jumping on it and huge amount at that once.

Yeah, they liase most times with their financial advicers to know more about their investment before taking the plough. So they know what they are getting into.

 

[GoldenLady]

But how much did he invest into it? He probably done this to promote the coin. For gains or for its potential. I wouldn't jump into this coin without any knowledge of it

He should have disclosed the amount to show he's really serious and believes the coin has potential.

A lot of these rich people play games like this.

 

[Brain]

Brave move there, investing on an Unknown altcoin. It wont affect the coin much with only few people investing on it. What potential did he meant? i'm sure it's just his guts feeling

It will be more about the feelings he had font, that the coin will go as expected. This is one risk that will take one with financial confidence to pull through but they have the money too

 

[BullyMaguire]

He should have disclosed the amount to show he's really serious and believes the coin has potential.

A lot of these rich people play games like this.

Exactly what if he only invest a few hundred bucks? Because the same kind of people do that in Bitcoin before when the price is just a few dollars they didn't support it by investing a huge amount there's even some who only paid $8 for some Bitcoins

 

[Brain]

Exactly what if he only invest a few hundred bucks? Because the same kind of people do that in Bitcoin before when the price is just a few dollars they didn't support it by investing a huge amount there's even some who only paid $8 for some Bitcoins

This is like testing the waters. You know a lot of billionaires are sometimes prudent. They invest more on what would be more productive to them than otherwise too

 

[Monetizeit]

that doesn't make much sense to me and the only thing I can think of is that this person is doing it for some other means may be he himself is the owner of this cryptocurrency and he is promoting it in this way who can say

Billionaire Mike Novogratz announced that he invested in a coin that he claimed was unknown. The altcoin he announced to have invested in is RedFOX Labs (RFOX).
Analyst Alex Saunders stated in his analysis that the RFOX altcoin has the potential to become an exploding altcoin.

 

[BullyMaguire]

This is like testing the waters. You know a lot of billionaires are sometimes prudent. They invest more on what would be more productive to them than otherwise too

Yeah so im just really wondering how much did this billionaire Invested. Since we don't see any change on the coin. And he even announced his investment to it. Just for what exactly. I don't think he put a lot of money there.

 

[Brain]

Yeah so im just really wondering how much did this billionaire Invested. Since we don't see any change on the coin. And he even announced his investment to it. Just for what exactly. I don't think he put a lot of money there.

Yeah it might have try to put a little maybe not something significant that will create the kind of effect we wanted. But with outstanding growth we might just be forced to invest bigger and better

 

[Yugocean]

If that is unknown coin, then how people will know and invest? If that Person have a company, then his company might be accepting payment in that coin, we have to check before taking RFOX.