Topic: A dog that vomited and then ate the vomit again - page 3. (Read 366 times)

There are a couple of ways we can look at this.

First is the fact that the statements people make publicly does not necessarily reflect the reality or what they truly think. For example I have said many times over the past 9 years that I've known Bitcoin that many of these rich a-holes already own bitcoin and are constantly buying it. There is a high possibility that Buffet is among them.

Another way is that Buffet or his company did not invest in Bitcoin, the investment is in another business that deals with cryptocurrencies.
Let me put it this way, imagine a centralized altcoin exchange that lists a lot of shitcoins, does it matter that they are all garbage if the exchange is making a lot of money by offering a service?
That's how Buffet sees things. In other words even if he didn't like cryptocurrencies he knows there is a lot of money to be made from centralized crypto-related services.

At the end of the day it doesn't matter what these people say or do, people should just stay away from anything centralized and stick to buying as much bitcoin as they can before it is too late

warren buffet does not believe in buying an underlying asset/stock.
EG if cocacola used caramel in its recipe. buffet would not invest in caramel(sugar stocks) he would just invest in cocacola and a factory that processes caramel

for instance. instead of buying sugar stocks that go up and down..
by buying cocacola. when sugar stocks drop cocacola makes more profit
by buying sugar plantations. when sugar stocks rise sugar farms makes more profit
win win for buffet. and not having to ride the sugar stock market directly


EG if stock markets list wheat. buffet would not invest in wheatstocks, he would just invest in wheat farms and bread companies

this is because even if an asset goes up in price that same profit translates to the farms that produced it. whereby he can also hedge that asset by owning the farm. thus gain exposure to the asset but also own farm equipment, land and real estate if the asset failed.

this is another reason retirement policies invest in not the base asset but in companies with extra equity and tangible extra assets that could be liquidated if the underlying asset operates at a loss

in short dont invest in the dollar. invest in the banks holding the dollar, is his policy

    Warren Buffett may have been a severe critic of Bitcoin, and it may be that from the very beginning what he did was really just a show and he was just pretending; it's just one of his methods as far as I can see.

    But even so, he has already benefited from the profit due to Nubank adopting the blockchain concept. It means that he really knows that he will benefit a lot from Bitcoin as well, and in reality, it seems that he has succeeded in this matter, and for sure, he is positioned to sell his Bitcoin holdings after the halving.

His investment in Nubank might not necessarily contradict his previous stance on Bitcoin. Nubank's core business is in banking and financial services, which is different from Bitcoin. He has also shown interest in technology companies like Apple in the past, so his investment in Nubank may be more about the fintech industry than a shift in his view on cryptocurrencies.

It’s true that Buffett has been a vocal critic of Bitcoin and other cryptocurrencies, dismissing them as risky and worthless. He has even referred to Bitcoin as "rat poison squared".
https://markets.businessinsider.com/currencies/news/warren-buffett-best-quotes-bitcoin-cryptocurrencies-investing-rat-poison-squared-2021-1-1029974898

Your title is a bit harsh, but it does make a point. Buffett's investment in Nubank might be inconsistent with his public criticism of Bitcoin. It's possible that he has changed his mind about Bitcoin, or that he is simply being hypocritical.

He might be among but that doesn't mean he won't speak what is in his mind about crypto sometimes with the sudden growth of bitcoin and the cryptocurrency industry can easily gets him convinced about his view before but, let us also consider this as well. W. Buffetts is a businessman and can do whatever to make money from his investment in other to sustain his wealth, wealth can only be sustain through investment and if he noticed  instability in his investment he can pull out his investment back as I believe to know that he is a man that stands on he's words. Well human can change at anytime but let's watch to know he's reactions as they get deeper into their cryptocurrency developments phase.

This is old news, but I don't think there is something big to this.

In the first place, I don't think Warren is an enemy of Bitcoin. Does he just attack Bitcoin repeatedly even if unprovoked? I'm not sure if he even speaks about Bitcoin if not asked for his opinion. But if asked, he's frank about his dislike of it.

The man is a brilliant investor and he makes investments in companies which he believes would succeed. Whatever that company does, he probably doesn't dictate. So it's not really that huge of a conflict. This is probably just like JPMorgan and Jamie Dimon. JPMorgan is serious about Bitcoin adoption. On the contrary, its CEO, Jamie Dimon, calls Bitcoin a fraud, a pet rock, and a waste of time.

In any case, don't give too much weight to the words of these people. Their goal is money. They can say one thing and do another. That's not a problem for as long as they earn.

He could have some narrative behind why he continue to attack bitcoin, nevertheless the effect is just temporary though. Maybe he secretly invested on bitcoin, or someone as a hedge fund manager acts for him to be a investor, we will never know.

Obviously, he has a ton of money already and maybe just playing around and see how it goes for him. For sure though that he knows that NuBank is crypto friendly, but then again, if we talk about profits, it doesn't matter to this billionaire as they will continue to invest which they think will be big someday, including a crypto friendly bank.

I do not agree with that. I think number one, to the point of ridiculousness, is Peter Schiff. I do not agree with that. In Buffett's case, his criticisms of bitcoin are quite similar to gold. He doesn't like it because it doesn't produce anything, it doesn't pay rents or dividends. The fact that he has invested in this company that now offers crypto-services is normal to a certain extent, since the cryptocurrency market is getting bigger and bigger and covers many areas of society. He also spent a long time without changing his cell phone and without investing in technology, finally he changed his cell phone and bought shares of Apple, being his biggest investment.

For the little time he has left to live, do not give so much importance to what he says.

Not shocking anymore, we've seen some critics towards Bitcoin but what happened later on? They have made out such criticism but in behind they are really that accumulating. Why they do that? They are really that tending to drive the price down whenever the market would really be that making out some negative reaction about it. Knowing that WB does have some influence then it might neither be having a significant effect or not.
So as a crypto investor then better get used to this because sentiments and news like this do usually happen and do really goes out in the market and this isnt something that new anymore.
Whether on what names we do called into these people or person which "THEY DONT REALLY CARE". They would really always getting in line on what they do have in minds in speaking about financial steps and actions
and as long they could really be able to benefit out then it would really be their main goal.

No matter how many times they would be vomit out but later on they would really be just simply eat those vomit again and it do seems that there's nothing happened.
If you arent that wise on investing world then you wont really be able to make money and this is what they are doing.

First of all, I have no anger or bad intentions towards W.Buffett, I just want to emphasize on this matter that we know that Buffett is the number one critic or anti-crypto. Whatever he said before about Bitcoin that is not good, he even said before that even if Bitcoin becomes 25$, he still won't buy it. But what happened?
https://cryptopotato.com/this-is-warren-buffetts-top-stock-in-2023-hint-its-got-something-to-do-with-crypto/

There is really no secret that cannot be revealed, the truth will reveal, now what is this NUBANK?
source: https://cryptopotato.com/these-banks-are-venturing-into-crypto-despite-ongoing-bear-market/

Did W. Buffett do this without knowing that Nubank is crypto-friendly? For me, I don't believe he doesn't know this. But why did he still speak negatively about Bitcoin? What is its purpose? Because if he is really anti-Bitcoin (W. Buffet), then this is how we will know: does the title I made in this discussion fit him? Why does he have to utter derogatory words about Bitcoin?
He talks about the negatives of Bitcoin, but the one he invested in, NUBANK, is crypto-friendly and already launched his own cryptocurrency called "Nucoin".

This means that W. Buffett has a personal interest in why he is always criticizing Bitcoin, because he probably thinks that when many people panic about what he will say and there is a dump in the market value of Bitcoin, he will take advantage of the opportunity to buy large holdings. It's just that what he wanted to happen didn't happen; this is just my assessment based on the information I found here.

Warren Buffett statement Before


https://www.cnbc.com/2022/10/19/buffett-backed-digital-bank-nubank-to-launch-its-own-cryptocurrency.html

What do you think?