Topic: A dog that vomited and then ate the vomit again (Read 428 times)

Especially elite businessmen, they regularly change their minds. Bitcoin attitude by Jamie Dimon is classic. Suddenly, he's negative, criticized, disbelief, then it's different. The situation is funny. Fink? I won't even begin! Bitcoin's rise from anti-to-pro is like a financial soap opera. This is the thing: big shots are all about money. Regardless of their past words, they'll seize an opportunity to earn. You're right! Their words have less weight in 2023. Today's crypto world goes beyond what the main players claim. The future, technology, and potential matter. Warren Buffett is a legend in traditional finance, but crypto is different. Stick to your principles and instincts. In finance, staying ahead is key

exactly thats what I think too, too much people following just because they already succeed earlier than them, everytime there are something they say in media about investing, its all about increasing value for the company they had initially invested in, nothing more, they definitely don't have the motive to make us rich instead they want to bring investment to their own company.
i wonder how many actually realized such thing, because frankly, there's nothing like free lunch in this world.
everything said by some famous people are certainly with ulterior motives, therefore trusting blindly will more likely hurt your own investment.

This is a good advice that should not be forgotten by investors, whenever you see one of those powerful whales or politicians saying something, you should always attach the phrase “because this is what it will benefit me the most”, they are not interested at all on what could be the best for yourself, and if that is the case then why follow their advice? Since everything they do and say has the purpose of bringing benefits to themselves, while you will be the one to suffer the negative consequences of following their advice.

The hypocrisy of these businessmen is at it's highest.

I still remember when Jamie Dimon are saying shitty things about Bitcoin in 2018 I think, and in 2020 as well. Now in 2022, he reversed his narrative towards Bitcoin, or at least he's supporting the blockchain technology already, but I don't hear any positive things coming from with regards to Bitcoin. I remember him saying things like "It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed." and "It’s just not a real thing, eventually it will be closed." There will be a time that his thinking towards Bitcoin will change. Maybe when price of it reaches $100,000.

Another one is Larry Fink, CEO of Blackrock. He isn't a pro-Bitcoin at first, and he even said that Bitcoin is "index of money laundering". Now what's his stance with regards to Bitcoin. He's even supporting it, and applied for an ETF. I'm not saying though that he supports it 100% because we know that they are doing this because they want to earn more.

Honestly, I don't care what these hypocrite businessmen are saying. Back in 2017-2018, what these influential people can make the market move either up or down. Now in 2023, their opinion towards Bitcoin, and the crypto market is considered "useless" for me already. Overall, more and more anti-crypto in the past will convert themselves, and they will support either the technology behind it, or crypto as a whole itself. As for Buffett, I really admire him because of how much he earns thru dividends, but when it comes to crypto, I don't care in what he's saying, or doing.

true, becoming billionaire at least take such capability to trick the whole world.
when it comes to investing, why take advise from some random, even if thats a popular figure, what these figure care are about their own wealth never about your wealth.
there's reason they are running biggest investment firm in the whole world, taking advantage of their own fame because they are labeled as the master of investing also one way to make your investment success, thats why i would never take advice from a guy like him.
i will instead make my own analysis in regard of the coin i will invest and be done with it, no need external influence since its my own money if i incur loss its my own fault.

Maybe W. Buffett has lost his words again and we too have lost the words to criticize him. Because now wherever the funds that he wants to develop or the money he invests in a company, commercial business, etc. are starting to accept Bitcoin as a payment method. So, W.Buffett missed this because maybe he didn't have the time to study more deeply what he was going to invest in. Like it or not, believe it or not, the fact is that as the payment industry becomes more modern, it will provide payment services using Bitcoin. And W.Buffett cannot avoid adoption by any company.

Billionaires are smart sometimes they seems to be hypocrite to us but in reality they've been doing something that doubles or triple their investment secretly. I don't think he hates Bitcoin in general it could be that he is trying to manipulate so he can accumulate more of Bitcoins just like any other billionaire who are playing with cryptocurrency such as Elon Musk. Billionaires game at it's finest.

Maybe that's his strategy because he once said this,

Of course he will not invest in a project that he has little knowledge of he knows that its associated with a Cryptocurrency service


He also said 
he is creating FUD so he can hoard, he could be buying a lot without us knowing it but has a fear of admitting it, so yes he acts like a dog.





            

I think Warren Buffet opinion is based on how he viewed Bitcoin as a utility assets, which made Bitcoin look less valuable because it has no utility other than as currency, added with his preference for a centralized currency that is more secure and guaranteed by the government that make Warren Buffet can't see the value of Bitcoin.

Warren Buffet could change his opinion toward Bitcoin if the Bitcoin mass adoption is getting wider, and in my opinion that doesn't mean that he ate his own vomit, everyone can change their opinion in the future it means he has learned new thing.

Pretty sure he's done this since early March of this year. Yeah he's an ass who can't admit defeat even at the face of it. he also happened to reinvest all his money from Visa and Mastercard into cryptocurrencies at the same month, did you know about that? Pretty smart if you'll ask me, but he'll definitely not admit this to the press even if his life depended on it. Don't get me wrong, the guy has been an inspiration to me and an indirect mentor thanks to his motivational quotes as well as other stuff that I've read about him, but that's as far as it goes with how I support him. I only wish he'd be more honest to the public and not gatekeep crypto as if he's not using it himself lol.

As I read through especially the OP, It reminds me more the words pf the wise never to trust completely the words coming from another man even if it is someone you see as mentor. Before you believe and accept, always verify. People who follow the opinions of their mentors blindly can regret it later on because take this case of warren right now, it is a good lesson. Some people had have good opportunities to invest and benefit from cryptocurrency, but due to blind obedience to their mentors opinions which may not favor cryptocurrency, they miss the opportunity. When the opinions of their mentors change, it becomes too late for them. You should never trust people because their opinion can change anytime, and they may put out the notice late for you their blind follower to follow.

Only not in front of the public. We all know that a lot of these big billionaire businessmen are probably buying in chunks anonymously, without letting anyone know about their holdings, only a few might come out and say that they are actually investing in Bitcoin.

To spread FUD and panic in the community, maybe? I'm not sure but that can be a reason behind that, or maybe because he knows that Bitcoin and cryptocurrencies are always a hot topic and he will get more attention if he talks about them, either in a positive or a negative way.

I think he is secretly investing in Bitcoin and fooling the public with his negative remarks about it. He definitely can't ignore the benefits Bitcoin has to offer to the world of financial technology and to the future of it.

How do you think they are becoming richer every day? They loot us with their mind games. They would say one thing on Monday they would say something else. Their plans are changing hundreds of times a day, they would talk differently at every dinner they take with different vendors and investors. Buffet did the same thing anyway. He definitely changed with the time when his friends might have shown him how they are profiting with Bitcoin in millions of dollars. Lolz. This oldie just got his nerve pressed with his friends on one fine night and boom he started investing his money in Bitcoin-related products.
It might seem a little unrelated but let us not forget how Elon Musk played with us when he invested money in the DOGE. Rest is the story that we all know. It went literally on the international level when he tried to host the SLN and was mentioning about DOGE now and then. Failed attempt to lure everyone.

The thread's name is so off-putting that I wasn't sure if it wasn't off-topic and accidentally remained here, and I wasn't sure about clicking on it at all. But since it's actually about a particular person's crypto attitudes, it's relevant.
I think Buffett's public opinions can be one thing, and investments can be another thing. Saying stuff is sometimes useful to gain relevance and remain discussed (or just out of a desire to share one's honest opinion), whereas investments are made with the intention to profit. Also, investment decisions may in practice be made by other people, the ones who work for Buffett, so it's not necessarily a contradiction (as davis196 greatly pointed out).

Probably the most right thing about all of the stuff that's been said in this thread. People often forgot that these people are businessmen and these businessmen are slave to moneymaking and in regards to bitcoin, it seems that their stance is still on the negative side which would mean that they're not yet seeing anything that would garner them profit although one could also argue that these businessmen have influence and them being bearish about bitcoin is probably a conspiracy among them to make it go down so they can buy at a lower price and then change their minds when they've acquired what they think is a sufficient amount of bitcoin.

You don't need to insult him or anyone who has a negative view of bitcoin because everyone has a different vision. Just because they don't have the same thoughts as you, it's not right for you to criticize them, you don't have to do that. Just like many bitcoin enthusiasts always say that gold or real estate is not worth investing in, but most of those assets are in the hands of people with a lot of money, and those who criticize real estate and gold have no money to invest in them.

Words are also a tool used to eliminate opponents and many people have been successful with that tactic. I never believe what they say, I only believe what I see. Because when looking at the results they achieved and compared to us, they are billionaires and we are nothing. So don't fall into their trap.

I wouldn't judge him that badly for his past opinions of Bitcoin. He has his own beliefs, and we have our own, and it also doesn't change that people naturally change their opinions. Plus, WB is a businessman. Regardless of what he thinks of something before, if it can show promise and can show that it has a stable foundation plus can last for the long term, he'd definitely go for it, even if he was talking shit about it in the past.

Plus, they're words don't mean much when it comes to business anyway. They'd turn the moment they see they can profit off of something even if they were arguing against it a second earlier.

Since he is legend investor He just want the piece of cake that crazy happening right now. and he dont wanna touch it directly that is why he invested in the company who have direct touch to the cryptocurrency.

Even BlackRock at first dont believe about crypto especially bitcoin because he believe that crypto only a tool for laundering money but look at now BlackRock the biggest investment company with total Assets under management: 8.594 trillion USD want the piece cake of crypto.

Sooner or later people will taste the delicous of crypto cake. hahahha

If there are some rich folks that have been anti Bitcoin or crypto before and then some of their conglomerates start to show some news that they're going to make their own crypto or cbdc or anything related to cryptocurrency as their services, it's nothing new to think of.
They've been doing this for so long and they're just pulling down the prices for whichever plan that they want to execute at the right time. If Buffett starts to say that he's liking Bitcoin these days and everyone should look at it, that won't surprise us anymore because there were folks like Dimon just did the same before.

It is not the first time you’ll catch these people lying. Remember Jamie Dimon used to hate crypto too. Then he allowed their investors to invest in crypto. If I remember correctly he even said that he will fire anyone who touched crypto. Warren might be doing the same thing. Maybe he understood whT crypto is about later or maybe he has a hidden agenda. If Buffett was pro-crypto, it would raise the price a lot more and that means less crypto for him. Also he probably thinks him buying a crypto-bank don’t look so bad on him because he is buying a bank in the end. He is not buying crypto directly. That’s his way of saying: “fuck you”