Topic: Big FUD attack by Warren Buffet, Bill Gates and Charlie Munger - page 2. (Read 413 times)

If it has to take the newbies falling for all the FUD so that they can eventually learn then we are in for a big deal of trouble because due to their actions of seeking after every FUD, the value of bitcoins will just keep dropping.

Responding to statements like this is a waste of time because it does not change anything and the attacks will keep on coming. Whether bitcoin continues to blossom or be in doom, they will always have something to say. If price is growing up, they will make comments about how something like that happened in the past and how it eventually ended while during the trying times like this, they talk about how their predictions are coming through. It is then safe to say that they say things for them to always be in the news and nothing else.

However, there is a subject of concern which is "I don't have to believe in a thing to make money out of it" I don't sit behind the TV to watch football but I place my bets on it when the time permits which means all of this comment could mean a way to expand their wealth rather than being threatened by it like Op has alluded.

Just because you don't agree with something doesn't make it FUD. Buffet's criticisms of Bitcoin are completely warranted. Buffet's problem with Bitcoin is it's not a productive asset. It doesn't produce income or any return, and it's only worth what you can sell it to someone else for, who also will only realize a return when they can sell it again to someone else for an even higher price. That's Buffet's same criticism of gold. Speculative assets don't create value, they only represent the value other people put on it. By comparison, productive assets have inherent value. Also, Bitcoin's price rise will affect Buffet's empire in absolutely zero ways. Berkshire is such a diverse business (of real investments that produce real income, not just a collection of assets that do nothing) that anyone trying to sell the story of Buffet being scared by Bitcoin doesn't understand what actual investing is, or how Buffet became a billionaire. The fact that you're so desperate not to have anyone agree with Buffet further makes the point that you can't make any money with Bitcoin unless there are other people who agree with your idea of what Bitcoin is worth. Lucky people get rich investing in speculative assets. Real investors grow their wealth through the accumulation of productive assets. Don't confuse what you're doing with anything other than wishing upon a star.

So what do you suggest? We cant just make them learn every bit of the FUD and noobs always fall for it anyway. They cant learn that unless and until they go through it and fall for all the FUD's.

And speaking about these people, I dont think they has got to do anything with the FUD's. What I see up in here is misleading info and they has got no interest in the stuff like that. They just speak what they feel about the crypto currencies and people make it FUD. 

What would you expect them to say? to support something that aims to destroy their completely monopoly in some of the economics sections?
Monopoly giant doesn't want something that compeltely chances the power levels, they don't want to chance a thing at all because they want to keep having a control over the economics system.
One of the things that aim bitcoin is that those strong people will never have any obligation to accept bitcoin or support it.

Bitcoin is not just "a technology". You can't isolate Bitcoin as "a technology" without having in mind what it really means and what it does to the status quo. When Bitcoin starts threatening the US as the global unit of value, anyone holding assets that are correlated to the US being the global unit of value will feel threatened, and all of these 3's empires rely on that being the case.

When your entire portfolio is very dependent on the US being the big gangster of the world, you aren't going to like the technology that allows a new predator in town, and that's Bitcoin. At that point you either diversify your portfolio (by owning Bitcoin) or continue stubborn on it being a fraud, a scam, or whatever else. So what I predict is further FUDding and attacks from the fiat empires, since the fundamentals aren't going to change, which is what makes it valuable.

Yes . Don't trust the fake news about the bitcoin in news and website.Some people are spreading fake news about bitcoin,to make the new investor panic.If you get any news about bitcoin and crypto currency,cross verify the details.In a day ,you can get clear the fake news.

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).

I'm surprised that there are still people who listen to them. Why Bill Gates became against Bitcoin? A few years ago he was positive about future of cryptocurrencies and now he's trying to blame them for everything what's bad on the world. We should ban cryptocurrencies because you can buy illegal things with them? Oh please, don't be silly. More illegal things are bought with fiats every day. He's insane. What a shame that people listen to those who change their mind often. I wouldn't be surprised if he actually bought the dip.

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.

Youre right here mate,this Fud's will make the market shake and will bring down prices for a good investors this is what we've waiting for since bull market is need to happen.i am quite sure that i can add some coins on mine and will have another funds on my folio.

For those weak hands this will bring you another scary moment,but for us this is a blessings

Many pitfalls when investing in bitcoin, bitcoin enemies are not just a single agency like the government, but those who ruin their business will be crushed by bitcoin slowly in many ways they will give an adverse statement to someone who invests in bitcoin especially for noobs who do not resistant when bitcoin prices hanging up.

Many warren buffet statements that discredited cryptocurrency, he considers bitcoin as a mirage and everyone should stay away from it. The statement strongly suggests that he is afraid that his business has been destroyed by cryptocurrency. I will always believe in the time when everyone will use cryptocurrency and those who pout the cryptocurrency with negative will see with pitiful faces.

Those guys you mentioned are not Gods so there in no need to trust their words.

The millionaires who are attacking the bitcoin knows the potential level of bitcoin this might can bring the equality to the world by decetralised money system.But I don't think the rich people wants this to happen so they can do as much as they can to make bitcoin dump so the investors need to trust on bitcoin and keep investing on them.

Either he doesn't fully understand Bitcoin or he's spreading FUD(Fear of Uncertainty and Doubt) to possibly buy the dips

I do respect Buffet and Gates, but that does not mean I just humbly follow all their pieces of advice. Well, There is certainly advice we should take from both great peoples, but my thought about cryptocurrencies is fixed and final.

The other problems are the newcomers who haven't yet built a comprehensive understanding about cryptocurrencies, so they are shaken when hearing those kinds of news.

It has been like that years ago, and it's still like that today.

Charlie munger years ago said that Bitcoin was rat poison, and then he updated his statement to match current prices, he said that it's more expensive rat poison now, which is actually a very good joke (while it's not a joke).

I wonder what he will consider Bitcoin to be once it smashes through the $100,000 mark. He definitely has to come up with something different than *even more expensive rat poison*.

On the other hand, it may very well be that he won't ever be seeing Bitcoin reach $100,000 in the coming years. He's 94 years of age and still thinks he's needed in a time where his input is no longer unbiased.

I get it that one doesn't have to like something that others do like, but just keep your mouth shut. Calling it names while Bitcoin keeps growing only makes him look worse. It has an opposite effect.

Yeah no. It is not respect. It is what people want. And media takes the side of the people, even though they do all that manipulation shit.
That is so stupid. What makes you think that there are only "hodlers" and noobs? For all you know it is the same person who is buying and selling the same amount of bitcoin through different addresses. There are infinite number of possibilities of what can happen to the price and how can it happen.

Whatever these rich people are saying, they are saying it out of spite, they are saying only what they know about which is not very much. They haven't done a very good research personally on that. That's why the FUD.

With that said, all those billionaires who are against bitcoin and keep on attacking the ecosystem has short term effect. And the more they attack it, the more people gets interested and their FUD lost its traction.

And I also speculate that they are spreading negative news because they are stock guy, they don't stock investor to shift their funds to crypto because their portfolio will definitely affected.

I think that's the main reason why they keep on saying things that will drastically impact our market, if our price goes down, chances are, crypto investors are moving their funds across stocks which is very advantageous to them.

I don't understand these sudden attacks. Is likely that these billionaire may be owing some bitcoins secretly and want to owe more through FUDs? Do they really care about bitcoin investors as they may be sounding? Is there a way bitcoin is threatening the stability of their businesses? Anyway, the news will died out soon like any other FUD so it's another time to buy. It's pretty good buying the dips.

PS: Why does Bill Gate say because bitcoin does not produce anything, it is not worthy to be an asset? What about the services rendered to users of bitcoin in terms of sending payment in the shortest possible time? What do banks produce to earn as much as they earn? Aren't banks service providers just like bitcoin?

I don't think this little "flash crash" was done by those statements. Yes those are well known figures, and their opinion matter to a lot of people, but they all know what already happened in the past, when Buffet talk trash about BTC. It crashed only to get new heights in the future. I think people already know what they think about bitcoin, so those who wanted to sell based on their opinion already did so. Their direct influence over crypto is probably gone now in my opinion.