"...all of the bitcoin in the world for $25" - page 2.

Lucius

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Quote from: pooya87 on May 08, 2022, 02:21:12 AM

Well bitcoin provides a very unique utility which is to let people park some amount of money in a place where nobody could know or touch (unlike fiat in the banks). Rich people have always been looking for such opportunities and diversifying into bitcoin is a strong possibility.

I agree that it is possible that Buffett may have Bitcoin all the time while speaking against, we can't know that. Somehow it doesn’t seem realistic to me that he and the people around him could successfully hide it for so many years. If he invested directly in BTC, he bought it through the OTC of some famous CEX (probably Coinbase) who then keeps it for him - but for people who have so much money it is certainly not difficult to hide the connections that lead to them.

Quote from: pooya87 on May 08, 2022, 02:21:12 AM

Who cares about reputation when money and financial sovereignty is involved?
This is why I believe that there is a strong possibility that he and people like him already own a lot of bitcoin without letting anybody know.

I don't know if WB has had any scandals in his life, but it seems to me that he cares about maintaining his reputation, even after he is no longer alive. His view is that he will leave only 1% of his wealth to his children and donate the rest to charity, although some would say it is a bit hypocritical given that he has set up a $2 billion foundation for each of them Roll Eyes

Mauser

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Haha seriously? I missed that quote completely. Warren Buffet has been very critical about crypto coins in the past, but this seems to be a new level though. Honestly, like what the hell bitcoins are trading right now at 34.000 USD. Why would any sane person in the world sell his coins for $25 to Warren Buffet? It is like me saying I would buy all bitcoins for 1$. That is completely illusional. Warren Buffet is 91 years old, at his age it makes no sense to invest in bitcoins. Crypto currencies are a long term investment. And if he has no confidence in them or doesn't fully understand it he can just stay away. No reason to make fun of bitcoins and the investors. I really hope nobody is falling for his trick.

_act_

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Quote from: Disruptivas on May 07, 2022, 05:32:18 PM

I think Buffer's positioning makes sense and it's nice that he maintains his position even with the success of the asset.

It is good how Warren Buffet maintains his position? Do you know how many people that are misleaded with his negative sayings about bitcoin? Saying it is good for him to maintain his position which is just the way for some people not to know the right fact invest in bitcoin and earn more money, it is not good. What I can see is that that man is fixed to old fashion way but actually his ways is also positive, but he do not understand that the world will become more modern and there would be many new ways people are following, also in making money.

mindrust

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Quote from: Don Pedro Dinero on May 07, 2022, 06:42:10 AM

It is clear that he wanted to express that he does not believe in bitcoin as a good way to invest your money, that he does not see a future for it. He's from a different generation, he's not going to understand it at this point.

True. He died long time ago the problem is he don't know it yet. Time is pretty brutal on some people. Some think stuff still work like how they did in the past like 50 years ago. They can't accept the fact that everything changes over time. The new generation belongs to crypto&blockchain. The sooner these boomers get lost or accept this fact, the better it is for everybody.

pooya87

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Quote from: Lucius on May 07, 2022, 05:48:24 AM

We can't know for sure if Mr. Buffett doubles the game all the time, but I’m personally more inclined to think he wouldn’t have dealt with such things in the old days - because if something like that were revealed, he would be labeled a liar. The question is how much does a man hold on to his reputation, and it seems to me that he would not sell it for a few billion $.

Well bitcoin provides a very unique utility which is to let people park some amount of money in a place where nobody could know or touch (unlike fiat in the banks). Rich people have always been looking for such opportunities and diversifying into bitcoin is a strong possibility.
Who cares about reputation when money and financial sovereignty is involved?
This is why I believe that there is a strong possibility that he and people like him already own a lot of bitcoin without letting anybody know.

lionheart78

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25,

Even if he is dying to buy, no one will sell a piece of BTC in $25 at the current market price rate.

Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value.

Or possibly cut to half? BTC is highly volatile it goes up and down but Bitcoin does produce something like rumors and speculation that is far easier to sell than any asset WB stated Grin

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

I wonder what would make Buffet change his perception of BTC.

He is already an old man, and old people always wanted to maintain their independence and sense of control[1], thus can be considered stubborn. So thinking of how to make Buffet change his perception of BTC is just a waste of time.

[1] https://www.considerable.com/life/communication/stubborn-aging-parents/

eaLiTy

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

This is not the first time Warren Buffet is talking about the cryptocurrency space in a negative shade and this wont be the last, he is trying his best for a while and still the price keeps on climbing. There is one aspect i accept, the price cannot go up all the time and if he is not interested in purchasing BTCitcoin that is his choice and that too coming from someone who made money speculating in the stock market makes me laugh Cheesy

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gantez

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Quote from: MiF on May 07, 2022, 04:58:25 PM

This is very clear that warren buffet wanted to influence the price to make it more cheaper for he can buy it in a very low price, warren Buffett is a crypto enthusiast and there is no simple reason for making negative comment for btc except buying more in dip. I believe that he wanted to buy more on dip that is why he also wanted the bitcoin to drop down deeper.

I am not believe this that buffet only want to make bitcoin cheap for him to buy many of it. He has not spoke good of bitcoin all the time he has opportunity to do that in public places. He don't like it that people can get rich with just hodling few bitcoin in the wallet and the next time lambo Roll Eyes

He wants more detail work where you follow protocol, bureaucracy and results is got with such variation. Or you may work under his company doing the 8-5 nature of job but he can wake up now because that time is almost going into history.

Disruptivas

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I think Buffer's positioning makes sense and it's nice that he maintains his position even with the success of the asset. Consistency in the investment hypothesis was always something he strongly defended as one of the hallmarks of success. As the author of the topic mentioned, BTC does not generate income/dividends and this is part of his thesis.

But I don't know why this fascination with a few figures whose Bitcoin doesn't 'meet' the requirements. For all the rest it works, it's good to focus on these.

Fatunad

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Quote from: MiF on May 07, 2022, 04:58:25 PM

Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

This is very clear that warren buffet wanted to influence the price to make it more cheaper for he can buy it in a very low price, warren Buffett is a crypto enthusiast and there is no simple reason for making negative comment for btc except buying more in dip. I believe that he wanted to buy more on dip that is why he also wanted the bitcoin to drop down deeper.

Manipulative behavior? This is something not new into these kind of people or investor on where they are trying to make the market price to go down which is something not new with
these kind of people.Now the price is declining then for sure they are happy but its not the sole reason on why we are declining as of this moment.
This is why someone should really be that wise or to be aware on how things been going on this market because you cant just make out immediate reaction
just because of these sentiments.

MiF

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

This is very clear that warren buffet wanted to influence the price to make it more cheaper for he can buy it in a very low price, warren Buffett is a crypto enthusiast and there is no simple reason for making negative comment for btc except buying more in dip. I believe that he wanted to buy more on dip that is why he also wanted the bitcoin to drop down deeper.

Fivestar4everMVP

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The sooner we stop listening to this set of individuals when it's obvious they have nothing good to offer, the better, and then again we shouldn't trust what they say, Warren is a business man whom I believe know the strategies of how to get into an investment at the best price, he might have said all he said just to see if he can get the price of bitcoin to come down so he can buy in at a cheaper price or maybe he said what he said out of jealousy of what another man invented that has turned the online payment of the entire world around, he knows he's problem, let him deal with it, cus he's opinion about bitcoin is not our business, and will don't care if bitcoin produces anything or not, as long as it continues to hold value.

Reid

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Nah, he is not in it for a bargain purchase. He is just old school and most of them stay with the traditional type of asset and investments. Golds, shares, or whatever that includes paper money. They want it physically seen or in something that is trusted. Then, there's the clubs where they could enjoy their perks of being part of the investment.
It's not really difficult to read him by all his attacks against Bitcoin and cryptocurrencies. I would just unfollow him if I were you to avoid being fed by FUD.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

I think he is lying. Of course he would like to control such a large financial market. With his help, he could become several times richer, and he understands this very well. Perhaps he no longer wants to understand everything about it, but if he is really offered a very good deal, then he will go for it.

gantez

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Buffet is a business person and he is saying what he feels. No questions about if bitcoin produce anything because this is a fact about what he say but he is saying such in wonder about why bitcoin use for money that increase in value. He is just the few voice spreading and making negative effort to bring bitcoin down but it is giving the coin no of such effect. If he use that effort to buy bitcoin when it was below a dollar, he could be known whale.

Don Pedro Dinero

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In reality what Warren Buffet said is false.

As a businessman he knows that there is a demand for bitcoin and that if he were to buy all the bitcoin in the world and one moment later to sell 0.001 bitcoin he would make a profit. Let alone if he sold a whole bitcoin or much more, and he knows that there is a huge daily demand.

It is clear that he wanted to express that he does not believe in bitcoin as a good way to invest your money, that he does not see a future for it. He's from a different generation, he's not going to understand it at this point.

Flexystar

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That is his problem really. Nobody cares if he want to buy all the available bitcoin in the world at 25 bucks or 25 billion bucks! I mean Warren is not the one whose making bitcoin run and I am getting paid from it or have this world to trade in terms of bitcoins. Bitcoin is free will, I can have it as much as I want, and its my will at what rate I trade it, buy/sell or whatever the hell I wanna do with it.

I don't really understand why we need to argue or discuss anything what this man says? Just because his the richest one does not mean anything at all. Investors will only follow those Richie rich whose actually supporting the crypto space because that's where money is flowing into the market. Grin

Lucius

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 06:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency.

You are obviously new to all this, because although WB uses terms that are a little different from those of 8+ years ago, basically he thinks about Bitcoin today just as he thought in the past. It is obviously important to him to invest in what he believes in, regardless of the fact that investing in BTC could bring him billions over the years. I can also say that I would never buy most of what he buys, because I have never been interested in stocks, but that does not mean that I have anything against people who invest that way.

Quote from: pooya87 on May 07, 2022, 12:03:41 AM

Secondly, the number 25 may have some significance in my opinion. It could actually indicate that he has invested $25 million into bitcoin and is one of the biggest whales today since I believe he bought bitcoin years ago when it was a lot cheaper and he was calling it "rat poison".

We can't know for sure if Mr. Buffett doubles the game all the time, but I’m personally more inclined to think he wouldn’t have dealt with such things in the old days - because if something like that were revealed, he would be labeled a liar. The question is how much does a man hold on to his reputation, and it seems to me that he would not sell it for a few billion $.

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I think it is time we stop trying to analyze buffet and his perception towards btc, I mean without him investing on btc the technology have manage to grow for more than a decade and keeps growing. It is no longer relevant what buffet think about btc, the time what he thinks and said would have mattered have long gone, btc is too solid and wide spread now for any buffet negative thoughts to be influenced. This is the normal correction phase btc is going through, I don't believe it has anything to do with what buffet said. Enough of Buffet.

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Warren Buffet has always been against Crypto and I don't think that's going to change any time sooner. He's seen the market go up and down and as an investor, I'm pretty sure that would normally be enough to say that they made a mistake, but he didn't say so and instead solidified his position of going against Bitcoin. There's not even any point in trying to get him to accept Bitcoin, he has his own investing strategy, and investing in innovative projects might just simply be not one of them.

Topic: "...all of the bitcoin in the world for $25" - page 2. (Read 294 times)