Bill Gates and Warren Buffet are the newest critics of Bitcoin. (From CNBC News) - page 4.

Ethan Manson

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Quote from: isidrorex on May 07, 2018, 12:31:43 PM

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

Bill Gates I cant really say a bad word about him I actually think he has good opinions on emerging tech, he missed apple and seems to be missing the value of crypto but you cant always be right. With Warren buffet I think he is just old fashioned and has failed to spot any of the new emerging companies. But he's 90 so I don't really blame him

CryptoSheikh

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I think it's normal for a guy like Warren Buffet to not like bitcoin or other cryptocurrencies. He's a clever man but it doesn't mean he can understand technology and future of bitcoin.

RealCrypto.org

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Berkshire Hathaway is smart in the fact they only take trades they fully understand. They historically stay away from tech companies. A good example is how they passed on Amazon in the early days. They also are such a massive investor they can't invest in small market caps without affecting the price in the short term. Everyone's strategy is different and bitcoin is not at a place where Berkshire wants to invest so they say it's rat poison.

That doesn't mean it's a bad investment for us. Why would the taxi company invest in Uber or say good things about it? It challenges the current system and only takes money away from their precious stock market.

Keep calm and buy bitcoin.

darkangel11

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Don't let others control your BTC -> self custody

Are you guys really worried about that? They have their own opinions and it's not like they are criticizing BTC, they are simply saying that they don't like it. There's a difference between pointing out flaws and simply saying that it's bad and you wouldn't touch it if you were paid to. That's a very retarded response.
-I don't like it because it's shit! Fine, but why? -because it has no real value (Buffet) because it's used by criminals (Gates). Are those really viable points? Not to me.

mmocrypto

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they are rick.Maybe they are give false info and earn more then

hefjor

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Quote from: franky1 on May 07, 2018, 12:41:23 PM

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell

They are using his/her popularity because they most influencial in the world.Most of people know them thats why they making strategic way to trick those people are holding thier assets like bitcoin to sell.Because their business may be passing by bitcoin, because bitcoin is faster in its market development.

aitrading

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because they are losing their dollar power.

KingScorpio

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Quote from: libert19 on May 07, 2018, 08:35:02 PM

Warren Buffet was never good at technology, there is no way we should believe in what he says about Bitcoin.

its not about tech, this is about the banking cartel,

a destroyed banking cartel will sooner or later wreck the value of equity and property, buffet knows that so he opposes cryptos, and the ram of it "bitcoin"

libert19

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Warren Buffet was never good at technology, there is no way we should believe in what he says about Bitcoin.

KingScorpio

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Quote from: franky1 on May 07, 2018, 04:27:07 PM

Quote from: KingScorpio on May 07, 2018, 02:14:06 PM

crypto makes many rich

everyone that wants to become rich can become, you just create 5 million cryptotoken sell one for 1 usd and suddenly you posses an asset worth 4.999.999 usd you have become a millionaire

(facepalm)
no you dont become a millionaire that way. because you dont have $5mill waiting in bank accounts with your name on it.
market caps are a meaningless number. no one should care abour market caps. no one should mention them no one should use them aas a stat.
they are a meaningless thing.

all that matters is the price of a single coin and the cause/reason for the price of a single coin. if a coin has no purpose/no function then dont expect much

but thats how cryptocurrencies and digital assets work

just declare it publicly being worth 5.000.0000 and act as if they do "HODL"

this will emberass the american US Dollar Bankster Cartel and they lose a lot of power.

sabine80

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there will always be people who are against bitcoin. some of them are rich, some of them are poor. that does not matter to me. i do not care what some people say about bitcoin.

JesusCryptos

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I guess that the richest people in the world can be in denial of the fact that there are OTHER ways they could never imagine of thinking money. I'll remind everybody of the fact that when Internet has appeared Bill Gates was a major critic of it, and he declared that it had no future.

blockman

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Vave.com - Crypto Casino

Quote from: isidrorex on May 07, 2018, 12:31:43 PM

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

I can't anything about them criticizing about bitcoin. They are free to do so but I doubt it that they never invested to bitcoin and cryptocurrency. Bill Gates once said that he do believe bitcoin and even said to "buy bitcoin" I forgot the youtube channel I watched it. And about Warren Buffett, it's still a mystery if he's an investor or only giving constructive criticism. IMO, these people just want to give a full blow to the market so that they can short and pump through their publicity and words.

VitKoyn

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Quote from: isidrorex on May 07, 2018, 12:31:43 PM

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

It's because they want to manipulate the market of cryptocurrency, they will say bad things about it to create fear to small investors and of course people will react and panic because those people who said those things have influence. I'm sure they don't want the price of Bitcoin to surpass the $10000 mark yet so that they can buy at the bottom. They will not agree to be interviewed and ask about Bitcoin/cryptocurrency just because they want to say their opinions, I'm sure there's a hidden agenda and that is to manipulate the price. I remember when Bill Gates said that Bitcoin is better than currency few years ago while the price is not that high, now that Bitcoin price went up he's now on the other side, lol.

Colt22

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Quote from: isidrorex on May 07, 2018, 12:31:43 PM

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

There is a simple reply to them and that is they do not know about bitcoin and they do not know about the digital world and its future that is all. They are only rich people and are not the expert of finance especially in the digital world. Or they do not want others to become rich like them. There is also a point that this field is becoming more successful and bill gates have fear that it will be bigger than microsoft.

avikz

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Quote from: isidrorex on May 07, 2018, 12:31:43 PM

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

It's a free world and everyone has rights to talk. Especially on something decentralized bitcoin. Because they don't have to face defamatory lawsuit due of that. So here they are talking non sense about crypto currency. But this is not the first time especially for Mr. Buffet. He has been attacking bitcoin since long time now and stopped making sense to the worldwide crypto community.

Mr. Buffet is speaking against bitcoin for the same reason Mr. Dimon did. They are from organized financial business which is being directly affected by bitcoin and other crypto currencies. But I see no sense when Mr. Gates speaks against it. Their field of business doesn't even correlate. Probably he is heavily influenced by Mr. Buffet or taken a huge short position on bitcoin's price!

franky1

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Quote from: KingScorpio on May 07, 2018, 02:14:06 PM

crypto makes many rich

everyone that wants to become rich can become, you just create 5 million cryptotoken sell one for 1 usd and suddenly you posses an asset worth 4.999.999 usd you have become a millionaire

(facepalm)
no you dont become a millionaire that way. because you dont have $5mill waiting in bank accounts with your name on it.
market caps are a meaningless number. no one should care abour market caps. no one should mention them no one should use them aas a stat.
they are a meaningless thing.

all that matters is the price of a single coin and the cause/reason for the price of a single coin. if a coin has no purpose/no function then dont expect much

badakjawa

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I think this is about their analysis of the crypto world, they see that the crypto world will not last for a long time, so the crypto world is not a good choice to invest. then, especially the warren buffet like the one who hates bitcoin. he said that the crypto world is the bubble.

bishopcrypto

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Quote from: johnny5johnny5 on May 07, 2018, 03:58:11 PM

What I would love is for a reporter to quiz Buffet to determine what his actual knowledge of crytocurrency is. They just assume he understands the technology and its use cases. I don't think he does.

I'm sure he understands it. He just doesn't like it because it threatens every business he has his hands in and undermines a long-held and much-lauded belief system. He didn't care for Google and Amazon, either.

johnny5johnny5

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What I would love is for a reporter to quiz Buffet to determine what his actual knowledge of crytocurrency is. They just assume he understands the technology and its use cases. I don't think he does.

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