[2018-06-27] Warren Buffett has been one of bitcoin’s biggest haters since 2013

kevoh

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Quote from: BitHodler on June 27, 2018, 06:58:18 PM

Quote from: richardsNY on June 27, 2018, 12:57:31 PM

Seriously, who is here to use Bitcoin as currency? People are only interested in seeing their coins go up in value....

Using Bitcoin as currency creates an important secondary purpose, but that secondary purpose might never gain any ground with people not changing their mentality. We'll see how it ends, but I'm not optimistic at all.

Actually using Bitcoin as currency is the main goal not secondary. But I agree with over people not changing their mentality. We have a situation where people interested in Bitcoin are only talking about Bitcoin/fiat relationship at $20 000, $50 000, $100 000 a yet only few discuss the possibility mass adoption or actually prefer to use it for basic buying and selling.

Lucius

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How many times we need to read what Buffet is thinking about BTC? This is not anything new, same old story for years with the same conclusion, he is not like cryptocurrency or he is perhaps too old and his brain no longer functions as before. I think such dinosaurs should be in nursing homes and thinking about all bad things they made in life. 85 billion $ in his account is made a lot of people poor, unhappy, sick, hungry ...

By the way anyone notice this news is originaly posted on CNBC, but OP is posted link of his site, not a nice way of promotion.

Harlot

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I have seen interviews and statements of him for a long time now, and his opinion about Bitcoin is always about its Fundamental Nature which is none, I cannot call that hating as he is just stating facts and I don't think he has the intention of bringing down Bitcoin. He is known for being a value investor and he just don't see any kind of value in Bitcoin by the book. Now the statements of his CEO does not reflect on his side as Warren Buffet in his self is another person, they don't express the same opinion to one another.

Kakmakr

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I wonder when we will hear that Berkshire Hathaway and Warren Buffet are secretly funding competing products in the Banking sector, like Microsoft is doing. Bill Gates was one of the most outspoken people against Bitcoin and then his company secretly developed their own Blockchain based technology for the gaming sector. Roll Eyes

No wonder they are the richest people in the world, they just know how to crush the competition with a few words. Roll Eyes

1Referee

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Quote from: felixesteban on June 27, 2018, 08:25:56 PM

If bitcoin's price reaches $ 50,000, I think his hatred will increase.

It's all about incentives. Bitcoin doesn't need to prove itself, because it did already. These investors aren't stupid, they have seen Bitcoin grow from nothing to something, don't let the mainstream media distract you too much.

As always, if you don't see value in something, you ignore it and for that reason won't continuously spend time talking it down. If you see high level investors keep talking trash about Bitcoin, there very likely is an incentive that motivates them to do that. I don't say they are buying into Bitcoin or plan to do so, but when these entities keep talking trash, it's actually a bullish signal, and a very big one. Something is happening in the background, whatever it may be.

Jamie Dimon got busted already, and I wouldn't be surprised to see Warren Buffett eventually follow the same route. There are millions and even billions to be made here, what bank or investor doesn't want to ride this out?

Quote from: felixesteban on June 27, 2018, 08:25:56 PM

By the way, it turned out that he had a bitcoin investment, if I remember correctly. So we shouldn't take this guy too seriously.

I think you're referring to Bill Gates. Warren Buffett as far as I know never owned anything.

felixesteban

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If bitcoin's price reaches $ 50,000, I think his hatred will increase. By the way, it turned out that he had a bitcoin investment, if I remember correctly. So we shouldn't take this guy too seriously.

BitHodler

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Quote from: richardsNY on June 27, 2018, 12:57:31 PM

Seriously, who is here to use Bitcoin as currency? People are only interested in seeing their coins go up in value....

Based on how many people keep complaining about Bitcoin to be a horrible currency due to the fees and volatility, one would expect a lot would want to use it, but in reality they don't and probably never will.

People not interested in using Bitcoin as currency shouldn't even dare to complain about it in that way. Too many people are here for the wrong reasons, which is quite sad actually.

Using Bitcoin as currency creates an important secondary purpose, but that secondary purpose might never gain any ground with people not changing their mentality. We'll see how it ends, but I'm not optimistic at all.

dunfida

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Quote from: richardsNY on June 27, 2018, 12:57:31 PM

This is exactly what he is after, the attention we allow him to enjoy -- this old man is just a troll making fun of the gamblers putting shame on this market with their shitty behavior. After all the years nothing has changed when it comes to Bitcoin's currency aspect, he knows that and directly use that as leverage to keep throwing dirt on everyone here. I honestly don't even think he actually hates Bitcoin. He probably just can't stand how a bunch of idiots think they are something because they invest in Bitcoin. I can't blame him for that. Seriously, who is here to use Bitcoin as currency? People are only interested in seeing their coins go up in value....

Normal for an old man to spent his time with trolling into things that he do likes to. We know he do have the money and the popularity therefore he dont mind on the things that hed want to do and attacking bitcoin do really entertains or pleasure him and he do like for the community on getting pissed into the words he do said.
So be it, and let that old man do things into his likings because this might be the last few things on this world to be done. Cry

darkangel11

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If you keep repeating the same thing like mantra for years and it just doesn't want to die, they get bored with your hateful predictions and move on. You can't expect that repeating "end of the world is coming" for a couple years straight is going to have an effect. Old Warren is going to look stupid when BTC breaks another ATH, although maybe he won't. He's too stubborn for that.

webtricks

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Quote from: vit05 on June 27, 2018, 12:40:14 PM

Warren Buffett has been one of bitcoin’s biggest haters since 2013

The Berkshire Hathaway CEO made headlines this year calling bitcoin “rat poison squared” but he has been raising red flags about crypto for five years. A “mirage,” “not a currency,” and “tulips” are some of the descriptors Buffett has used for bitcoin …

https://forextv.com/bitcoin-news/warren-buffett-has-been-one-of-bitcoins-biggest-haters-since-2013/

One of the basic fundamental of cryptocurrencies is decentralization. When we say decentralization, it isn't limited to authority and ownership of Bitcoin. It also implies that Bitcoin is free from power-concentration. There is no provision on the basis of amount of Bitcoin held, everyone is equal here and has equal chances to use every resource and exchange no matter what amount of cryptocurrencies is owned by him. Such path-breaking revolutions are always on hit by the big names of old paths. Bitcoin is no difference. This entirely new concept of investment has almost over-shadowed returns and volatility of Stock Market. So there is no wonder why he hates it. Tongue

richardsNY

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This is exactly what he is after, the attention we allow him to enjoy -- this old man is just a troll making fun of the gamblers putting shame on this market with their shitty behavior. After all the years nothing has changed when it comes to Bitcoin's currency aspect, he knows that and directly use that as leverage to keep throwing dirt on everyone here. I honestly don't even think he actually hates Bitcoin. He probably just can't stand how a bunch of idiots think they are something because they invest in Bitcoin. I can't blame him for that. Seriously, who is here to use Bitcoin as currency? People are only interested in seeing their coins go up in value....

vit05

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Warren Buffett has been one of bitcoin’s biggest haters since 2013

The Berkshire Hathaway CEO made headlines this year calling bitcoin “rat poison squared” but he has been raising red flags about crypto for five years. A “mirage,” “not a currency,” and “tulips” are some of the descriptors Buffett has used for bitcoin …

https://forextv.com/bitcoin-news/warren-buffett-has-been-one-of-bitcoins-biggest-haters-since-2013/

Topic: [2018-06-27] Warren Buffett has been one of bitcoin’s biggest haters since 2013 (Read 165 times)