Big FUD attack by Warren Buffet, Bill Gates and Charlie Munger

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Quote from: cellard on May 11, 2018, 10:56:11 AM

Remember: Bitcoin IS working. 21 million coins, unhackable, uncensorable, unconfiscable. What anyone says on any TV or website is irrelevant, only these fundamentals matter.

Agree with you. Bitcoin is pretty safe. I think the people shouldn't pay attention to the FUD attacks against the crypto currencies. Who knows, may be these rich mans buy some coins right now, and the FUD is just a background for these deals. Obviously, they missed a skyrocketing of Bitcoin and regret about it.

In my opinion, it is wrong to say that Bitcoin has no a product. The blockchain of BTC has been created using a huge amount of electricity. It is almost impossible to recreate something similar.

cryptoalfs76

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Quote from: cellard on May 11, 2018, 10:56:11 AM

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Looks like Bitcoin is working: The people whose empires depend on Bitcoin not going up, are scared and have to show up national television to trash it.

This is a good indicator to start looking for an entry point if you haven't already. Noobs will get shaken out of the market with fake news like these, and smart money will jump in when the opportunity is right (that's once all the noobs have sold and there's only hodlers).

Remember: Bitcoin IS working. 21 million coins, unhackable, uncensorable, unconfiscable. What anyone says on any TV or website is irrelevant, only these fundamentals matter.

Since from the beginning warrent buffet ,bill gates and charlie munger is cretics about cryptocurrency and they dont like much the ways of digital currency,because in my own opinion,cryptocurrency investment is a big rival of there own investment and they dont want accept digital investment is better than there own creating investment,thats why they create fud and and said that bitcoin is bubbles.

HaXX0R1337

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Quote from: kaya11 on May 16, 2018, 01:47:15 AM

There you go, they are teaming up together but still they can't even shake the Bitcoin society and it's supporters. Now more and more people will become scared to buy but then the people who are already knew this will just laugh at them. They are afraid to lose their power and money now and using all the might they can.

These so called attacks from these individuals are just their opinion and they are not afraid of loosing their power and money as this market is not created to swallow anyone who is not using this market, it is meant to be a market that would make things easier for people and nothing else, everyone has the choice not to invest in it and the people who are interested and see the benefit will invest in it.

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Quote from: kryptqnick on May 13, 2018, 05:17:48 AM

Munger is a professional investor in fiat-related projects. No doubt he is just sad he didn't buy btc at the low prices long before and is now simply afraid to lose this precious funds. Bill Gates is right about the fact of bitcoin not having any real product. It's just implying the attitude to btc as to property or some papers, not the means of payment. And besides, there are people who are to be respected hat have quite the opposite opinions. I'm talking about the Winklevoss brothers or George Soros (who was previously against btc, but one of the companies he sponsored showed great interest in cryptos).

One thing that is certain is that Munger in absolutely no way is sad that he didn't buy crypto. To even suggest things like this is to trumpet your ignorance about the topic to the world. For anyone who knows anything about Munger and Buffet, they know that both of these investors are value-oriented investors who have made all their money buying companies that are undervalued by the market and scaling them so that they become more valuable and profitable. They compound the value they created by buying more undervalued companies and doing the same thing. This has created extraordinary returns over the decades they have been doing this. Now in contrast, why might a value investor object to about Bitcoin? Easily the fact that it produces zero income and is only worth what everyone else agrees to pay for it. This is anathema to their approach. If you've made some money in Bitcoin, the only way you're going to make more money is if other people continue to agree to pay higher prices for it. Once that stops happening, the price crashes. When you own actual companies, it doesn't matter what other people think they're worth because they produce actual income. This is the advantage real investing has over speculating on crypto.

el kaka22

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Quote from: bizarro on May 12, 2018, 11:06:32 AM

I think that all the big guys like Bill Gates, Donald Trump and other rich people already have their bitcoin safe somewhere around =)

I noticed some of Warren Buffet's follower trying to tell him how wrong he is. What do we expect to hear from these old men in the first place where manipulation and monopoly has helped them to where they are ?

Asides that, they are smart enough to talk rubbish and admit it at the end that they really did say rubbish since they have been able to buy in enough at the dip. I only pity those who listen to their trash and act on them, only to come crying when bitcoin hits $1m in the nearest future and telling us their history on how they missed to buy now.

OP must be right. It is more like a threat to them and they see it more like, if this thing ends up succeeding, a lot is going to end up disrupted. When the big dudes are condemning it, then we should know better that we should be buying more than listening to them. All they want is to tap into the digital gold at the best low price possible since they could not see the future from the onset buy into it. Those who are smart will always know this should be the time to be accumulating.

nl247

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Quote from: bizarro on May 12, 2018, 11:06:32 AM

I think that all the big guys like Bill Gates, Donald Trump and other rich people already have their bitcoin safe somewhere around =)

Some do, some want to buy more at a lower price but the truth is that the best is still coming and that is what everyone who is smart to read the deception on these old men lips should know and the reason why they should be stashing up now. What they always do is to trash bitcoin so the weak hands can pave way for them to get in at better and lower price, and when they are done, they come back to the national TV to tell us how they were wrong about bitcoin. Didn't Uncle Jamie Dimmon do just that? Grin

player514

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Quote from: gabbie2010 on May 17, 2018, 12:50:40 AM

The fact still remains that bitcoin has come to stay, firing a negative shot at bitcoin by Warren buffet and Bill Gate wouldn't have any impact on the price any longer bitcoin has surmounted many challenges and crossed many hurdles thus coming out stronger despite all the bans, regulations and clamped down on exchanges I believed the underlying technology behind its technology makes it second to none.

Eh, that's very debatable. I think anyone prominent coming out and saying a negative opinion about Bitcoin or any crypto for that matter ends up hitting the price a decent amount. That's just because people think: "Oh, this smart investor who's made so much money doesn't support my investment? I should pull out right now!" This ends up in just a flurry of people pulling their money out. Then there's more bad news about Bitcoin and a cycle continues until it's finally broken with a stroke of good luck or a good happening. I think there will always be some kind of impact that these high level investors have through their words. Who knows, maybe they're whales and we don't know it.

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The fact still remains that bitcoin has come to stay, firing a negative shot at bitcoin by Warren buffet and Bill Gate wouldn't have any impact on the price any longer bitcoin has surmounted many challenges and crossed many hurdles thus coming out stronger despite all the bans, regulations and clamped down on exchanges I believed the underlying technology behind its technology makes it second to none.

Falmera

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Quote from: cellard on May 11, 2018, 10:56:11 AM

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Looks like Bitcoin is working: The people whose empires depend on Bitcoin not going up, are scared and have to show up national television to trash it.

This is a good indicator to start looking for an entry point if you haven't already. Noobs will get shaken out of the market with fake news like these, and smart money will jump in when the opportunity is right (that's once all the noobs have sold and there's only hodlers).

Remember: Bitcoin IS working. 21 million coins, unhackable, uncensorable, unconfiscable. What anyone says on any TV or website is irrelevant, only these fundamentals matter.

It seems that there are just people who want to either make fun or just make other people get confuse. There are lots of fake news today so it is better to dig in to that information before jumping into a conclusion.

wuvdoll

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Quote from: Mpamaegbu on May 11, 2018, 11:39:21 AM

Bill and his old pal, Buffet think they are FUDing. But in the real sense we Bitcoin veterans know they are FOMOing. Only noobs get shaken and show their weak hands at news like this. It isn't as if the news didn't shake Bitcoin a bit. It did. But that is just all there is to it. It won't make it dip like we saw a few weeks ago. Cryptocurrency is bigger than any individual. The Chinese did their worse, yet Bitcoin survived it. Sure, China is a bigger institution than these old men.

In some scenario,, they have forgotten that people are getting smarter and wiser by the day. If bitcoin were to be long gone with FUDs, we should even have nothing left or probably we would all be bag holding right now.

They know that, they are not happy they missed the show; they are scared they are going to miss out but they do not want to be buying at a huge price which they will still have to pay for it eventually. The end of the cinema is going to resort to them getting in when they are sure there is no more room to go down and the weak hands crying wolf based on how they have been deceived.

jhoothmain

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They are too big to care about spreading FUD about bitcoins. For Warren Buffet it makes little sense as he is in stocks.

kaya11

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There you go, they are teaming up together but still they can't even shake the Bitcoin society and it's supporters. Now more and more people will become scared to buy but then the people who are already knew this will just laugh at them. They are afraid to lose their power and money now and using all the might they can.

okala

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I do believe that blockchain and cryptocurrencies is the future base on the ways this people are attacking it. I have been thinking on how one can actually benefits from this market before most of this financial mogu came into it and trying to control it and the only way is for one to invest in it and it future.

zergenyt09

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Quote from: r32godzilla on May 13, 2018, 03:04:50 AM

We could understand that Buffett lacks knowledge about new technologies and that's why he is always against bitcoin.But I could not understand that why bil gates too speaks negatively about bitcoin.Persons of such high popularity should think twice before they speakas more investors respect their words.May be bill gates might have some personal interests in influencing bitcoin price negatively.

Bill was very optimistic in the start about the future of Bitcoin and has had even some money invested in the technology. Buffet is a long term investor and a right guy for investment in Bitcoin in long run but he thinks differently. Anyhow, the Bitcoin network is growing more than fast and the related technologies linked to Bitcoin are also expanding which will make Bitcoin even more easy and profitable to hold and use. So no worries. This is a good sing for us.

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Quote from: cellard on May 11, 2018, 10:56:11 AM

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Looks like Bitcoin is working: The people whose empires depend on Bitcoin not going up, are scared and have to show up national television to trash it.

This is a good indicator to start looking for an entry point if you haven't already. Noobs will get shaken out of the market with fake news like these, and smart money will jump in when the opportunity is right (that's once all the noobs have sold and there's only hodlers).

Remember: Bitcoin IS working. 21 million coins, unhackable, uncensorable, unconfiscable. What anyone says on any TV or website is irrelevant, only these fundamentals matter.

I fully agree with you: if you do not already have bitcoin and other crypto currencies, then in the near future you will get a good chance to buy them at good prices.
The "old whales" are simply raging because their time has passed. In their place came the new Whales, with new technologies. It's time for Old Whales to come to terms and give way.

mimienamphine

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Sometimes am tempted to say those guys still belong to the past even though I personally admire the way they have excelled in business and technology.They still have some believes of the 18th and 19th centuries but they should realize that the information age is different from industrial age and should reason as such and stop the old dogma.

21millionsbtc

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They all repeatedly attacked bitcoin many times warren buffet bill gates i dont think market will react to such statements even traders are much aware of bitcoin growth and future

ironman2014

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I think, secretly those richy guys are investing in everything about cryptocurrency, bitcoin, ethereum, ICOs and etc.

magneto

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Quote from: cellard on May 11, 2018, 10:56:11 AM

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Looks like Bitcoin is working: The people whose empires depend on Bitcoin not going up, are scared and have to show up national television to trash it.

This is a good indicator to start looking for an entry point if you haven't already. Noobs will get shaken out of the market with fake news like these, and smart money will jump in when the opportunity is right (that's once all the noobs have sold and there's only hodlers).

Remember: Bitcoin IS working. 21 million coins, unhackable, uncensorable, unconfiscable. What anyone says on any TV or website is irrelevant, only these fundamentals matter.

Just like how McAfee is predicting that bitcoin will rise to $1 million within 2-3 years, guaranteed, I'd treat what Gates and Warren Buffett are saying with the same grain of salt. Listen to their points, and make your own judgment.

Charlie Munger has even went to say that trading bitcoins is the same as harvesting baby brains, I mean what the hell?

If Buffett and Gates wants to be bearish on bitcoin, let them be and have their opinion, or spread FUD on the market, w/e. Bitcoin doesn't need their support (although it'll definitely be appreciated) to succeed as a decentralised currency. People have called bitcoin a ponzi in the past, so this is nothing new.

normensky012

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Quote from: cellard on May 11, 2018, 10:56:11 AM

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Looks like Bitcoin is working: The people whose empires depend on Bitcoin not going up, are scared and have to show up national television to trash it.

This is a good indicator to start looking for an entry point if you haven't already. Noobs will get shaken out of the market with fake news like these, and smart money will jump in when the opportunity is right (that's once all the noobs have sold and there's only hodlers).

Remember: Bitcoin IS working. 21 million coins, unhackable, uncensorable, unconfiscable. What anyone says on any TV or website is irrelevant, only these fundamentals matter.

It is because they failed to understand the value of something with scarcity and mass support. If something that has utility and significant importance in peoples daily lives convenience, even if bitcoin doesn't give you dividends, still the value of bitcoin will still be backed by its network trust in it. That is the new age of putting a value, we can now put value in anything digital.

Topic: Big FUD attack by Warren Buffet, Bill Gates and Charlie Munger (Read 413 times)