Do you think Warren Buffett will change his mind about bitcoin? - page 2.

exstasie

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Quote from: mk4 on August 20, 2020, 01:48:09 AM

1. Warren Buffett doesn't invest in things he doesn't understand
2. Warren Buffett invests in businesses, not in non-productive assets(e.g. gold, bitcoin, silver, etc)
3. Warren Buffett invested in a gold mining business that generates cash flow, not in gold specifically

Let me play devil's advocate for a moment. Tongue

If Buffett can wrap his mind around ROI on a gold mining business, what is to stop him from seeing the exact same value proposition on a BTC mining business?

I don't see him hoarding gold or BTC, but mining infrastructure also plays a role in price discovery. Not to mention the legitimizing effect such an investment could have on the mainstream investment community!

eaLiTy

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Quote from: kolbalish on August 19, 2020, 08:17:11 PM

Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000.

Why is everyone focused on changing everyone's mind, there are many investors who might not be interested in BTCitcoin and there is no point in trying to change their view point, when it comes to gold as an investment or BTCitcoin you really do not need the recommendation from Warren Buffett or any economic influencer to know that the price would go higher.

imstillthebest

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Warren Buffett can change his mind about bitcoin, and he can also start to invest in bitcoin besides his all investment type. But that is if he can accept, learning, and open his mind about something new. We can not do anything if he changes his mind and starts to buy bitcoin with his big money, and that can make people out there know about bitcoin because Warren Buffett is one of the influencer people in the business world.

yes he can . we all can change our mind and it will just come at a random time . haters gonna love and lovers gonna hate but if warren joins the btc club , its gonna be a plus point to us because his supporters will definely do the same thing aside from him promoting btc to others . for now lets not get too excited because this is only one guy but there are many casual people outside who constantly join the ride

stomachgrowls

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Quote from: Slow death on August 21, 2020, 09:38:38 AM

I keep asking myself the following:

Did Warren Buffett and others who keep saying that they didn't invest in bitcoin not buy bitcoin and keep hiding the fact that they buy bitcoin?

If I were one of those people and I had a lot of money I would buy a lot of bitcoins and I wouldn't tell anyone that I bought bitcoin and nobody would find out, that's why I keep wondering if these very smart people and investors of great experience are not buying bitcoin and then they keep saying that they not bitcoin.

Casual stuff because we know that these fellas arent really that tactful when it comes to their holdings or things that they had invested into.Some might really be active on saying on buying that or buying those
but there are people who rather decide to look to be so negative or doesnt care at all but they've actually been holding or buying secretly.

I wont be surprised that WB had purchased lots and to know that they do have some reputation need to be protected.When you are a hard fiat or traditional investor then dealing with something like
crypto will somewhat tarnish other co-investors views towards you.(this is just my presumption.)

On the question if he would changed up his mind? Who knows?

gentlemand

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His gold move, while based on something he thinks is for fuckheads, was in line with his philosophy of value investing, he just extended it a little further than he has in the past.

The only way I could see him ever getting involved in anything crypto-esque would be investment in an exchange if one were listed and even then they'd have to be far more established and openly and consistently profitable to earn consideration.

I can't see him bothering in his lifetime. And in no way do I believe he has a secret stash and all this has been trolling.

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Quote from: aioc on August 20, 2020, 08:33:24 PM

There's no impact on his action even if he buy millions, Bitcoin is doing great in fact, people will just considered the action that he is riding the Bitcoin mania or trend, very different if he comes in when Bitcoin is just starting out, Bitcoin is very much fine with or without him, but it will have a positive impact if he decides to buy now.

He will never buy millions. He for sure has some, whatever the media tells you or what he tells the media, but he would never risk so much money in any asset of one kind no matter what. He's actually what I call a safe bettor, which works great to build small amounts of percentage gains when you have billions haha.

Slow death

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I keep asking myself the following:

Did Warren Buffett and others who keep saying that they didn't invest in bitcoin not buy bitcoin and keep hiding the fact that they buy bitcoin?

If I were one of those people and I had a lot of money I would buy a lot of bitcoins and I wouldn't tell anyone that I bought bitcoin and nobody would find out, that's why I keep wondering if these very smart people and investors of great experience are not buying bitcoin and then they keep saying that they not bitcoin.

$crypto$

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Quote from: Jating on August 21, 2020, 07:06:58 AM

I really don't think that we need to push Warren to appreciate bitcoin though, he already made a lot of statement in the past against bitcoin so I doubt that he will change his mind. He doesn't invest on things that he is not sure of and as volatile as crypto, so not cup of tea of his.

But we will be fine though, there could be silent investors who are willing to take the risk on bitcoin unlike Warren and that's what is more important now. Instead of just one person show of his, better to hear 10 investors with millions being pour on the market. And I think others already know that an old and traditional fart such as Warren Buffett is hard to convince as he doesn't want to get out of his comfort zone.

In his previous statement, Warren Buffet had also stated that, but what I know cannot change bitcoin at that time, people believed more in a sustainable market than in vague talk.

But I am sure investors will know which ones to take the risk of investing in bitcoin and I think it has been widely believed, every Warren Buffett talk about bitcoin will be covered in the news so this will be a lot of conversation.

Jating

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Quote from: Rosilito on August 21, 2020, 04:43:20 AM

Would he change his mind? Nah, and I don't think he would (judging from his previous stand). But I'd be glad if he would.

Quote from: https://news.bitcoin.com/warren-buffett-gold-panic-buy-bitcoin-50k/

"His pride is far more valuable to him"

This says a lot about him. Besides, maybe he's ideology with financial/investing stuff doesn't suit on how bitcoin works. Kinda bad for him for letting this thing slip though, but yeah... he's already rich, so it won't even matter, after all.

I really don't think that we need to push Warren to appreciate bitcoin though, he already made a lot of statement in the past against bitcoin so I doubt that he will change his mind. He doesn't invest on things that he is not sure of and as volatile as crypto, so not cup of tea of his.

But we will be fine though, there could be silent investors who are willing to take the risk on bitcoin unlike Warren and that's what is more important now. Instead of just one person show of his, better to hear 10 investors with millions being pour on the market. And I think others already know that an old and traditional fart such as Warren Buffett is hard to convince as he doesn't want to get out of his comfort zone.

mk4

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Quote from: target on August 20, 2020, 02:31:49 PM

It matters I guess because some want him to realize BTC is not "rat poison squared"

If you are used to investing shares, you are likely to want more than just a thousand shares but will prefer 100K or so. IF warren will invest to BTC, he'd probably buy to a hundred thousand. So if he buys later when the price is $50k, its just going to make him look a fool. He wouldn't want that. He'd wait till the price dips again. But I hope it won't.

I'm pretty sure Warren Buffett, a legendary investor as he is, knows that the sort of "number of shares" doesn't really matter as what mostly matters is Berkshire Hathaway's percentage ownership of the total outstanding shares of a certain business/stock, or in this case with bitcoin, the total circulating supply. The "number of shares" investment thesis only actually works on the inexperienced investors like people who hold XRP just because the price is "cheap".

Again though, Buffett invests in businesses not metals and or stores of value.

Rosilito

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Wish for the rain? Then deal with the mud too.

Would he change his mind? Nah, and I don't think he would (judging from his previous stand). But I'd be glad if he would.

Quote from: https://news.bitcoin.com/warren-buffett-gold-panic-buy-bitcoin-50k/

"His pride is far more valuable to him"

This says a lot about him. Besides, maybe his ideology with financial/investing stuff doesn't suit on how bitcoin works. Kinda bad for him for letting this thing slip though, but yeah... he's already rich, so it won't even matter, after all.

peter0425

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There is no reason for Him to change His mind,not because He consider Gold now meaning he will do the same in crypto This man is a expert Businessman and do not believe in speculative world.
what He is looking is a sure profit with moving product.

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Who cares if he buy or not yes it;s good news if he is going to buy but he already has billions he is not looking to make a profit anymore if he bought Cryptocurrency he will just shame himself for saying a lot of bad things about Bitcoin, so he will not do it.

It is Us who cares if he Buys mate,because Holder like me wanted to Lure more whales and having Him aboard ?will surely add value to crypto market.

aioc

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There's no impact on his action even if he buy millions, Bitcoin is doing great in fact, people will just considered the action that he is riding the Bitcoin mania or trend, very different if he comes in when Bitcoin is just starting out, Bitcoin is very much fine with or without him, but it will have a positive impact if he decides to buy now.

CryptopreneurBrainboss

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Warren is one of the greatest Investors I admire, he's not a short term investor and won't adventure into anything he doesn't understand either due to hype or what we call the "Next big thing'. Instead he search for shall companies buy them and make them the next big thing (lol). I won't blame him for not publicly buying the into the idea bitcoin is selling. If he does, it might crippled other traditional institution like banks etc and been one of the big investing we n this firms I don't think he'll want his portfolio to be affected negatively by his decisions.

Nevertheless, just as others have said, nobody cares about Warren opinion anymore. We're in a tech driving economy and sooner or later the blockchain technology will strive as the driving force of global economy with or without Warren investing in bitcoin.

target

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It matters I guess because some want him to realize BTC is not "rat poison squared"

If you are used to investing shares, you are likely to want more than just a thousand shares but will prefer 100K or so. IF warren will invest to BTC, he'd probably buy to a hundred thousand. So if he buys later when the price is $50k, its just going to make him look a fool. He wouldn't want that. He'd wait till the price dips again. But I hope it won't.

bitbunnny

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Does this really matter? If Waren Buffet will change his opinion about Bitcoin? I don't think so. I don't know why anyone from Bitcoin community should be worried or concerned what he thinks about Bitcoin and if he invested in Bitcoin. He's not the person who should be relevant for crypto community.

The Sceptical Chymist

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Buffett didn't really "change his mind" about gold. He saw a potentially profitable investment and bought it. He also didn't buy a pile of physical gold, but stock in a mining company if my understanding is correct--but either way, this isn't the first time he's bought something in the precious metals market. Years ago he bought a bunch of silver and sold at a profit, and I think I remember him stating that he regretted doing that.

But no, I don't think Warren Buffett is going to change his mind about crypto, not even after that kind gift of Tron from Justin Sun (lol). He's not ignorant about what bitcoin is; he just doesn't invest in things like that. He's a value investor who buys companies that are currently undervalued in the market, not a super-speculative asset like bitcoin. That isn't his style, and his style isn't going to change.

Quote from: DeathAngel on August 20, 2020, 08:38:13 AM

There’s no way he has 0 bitcoin, he’s probably still investing & doesn’t want the price to rise yet. He’s a shrewd businessman, he isn’t dumb. People shouldn’t always take things they hear as the truth.

You're out of your mind. I suggest you read one of Buffett's autobiographies if you haven't yet done so.

tbterryboy

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Warren Buffet? Panic buy? Warren Buffet? Panic? Buy? I think there is two possibility either the owner of the article just lost his mind and now needs a straight jacket and locked up somewhere or he doesn't have any clue who Warren Buffet is.

I personally think that Warren bought gold because he knows he is quite old so he can't continue to trade constantly, so he just moved his assets to gold in order to not have to worry about making more profits with right investments, dude knows his time is coming so there is no way to make much more trades and investments for the short period and try to have 20% per year type of income, just have gold and not lose people's money and that should probably be enough until Warren dies himself.

Knowing all his children are already happy and not dealing with his business, dude is basically leaving company slowly.

DeathAngel

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Quote from: JL0 on August 20, 2020, 08:29:12 AM

I rather believe that he is or is involved in Bitcoin himself. He's kidding his customers. When Bitcoin hits $100K, he'll change his mind and say Bitcoin is the new gold etc.
That's how he makes money and I don't think he's stupid, he's just pretending.

Yeah, he’s probably already invested in bitcoin. He knows that it he speaks positively about it then the price will rise. He has a big platform & a lot of respect, people listen to him. There’s no way he has 0 bitcoin, he’s probably still investing & doesn’t want the price to rise yet. He’s a shrewd businessman, he isn’t dumb. People shouldn’t always take things they hear as the truth.

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I hope he doesn’t change his mind, and given that he’s already 90 years old the time is definitely not on his side. On the other hand, it’s nice to see that some have finally opened their eyes and aren’t blindly following WB and his visions of Bitcoin - so people change minds about Buffett opinion regarding Bitcoin Cheesy

https://bitcointalksearch.org/topic/m.55031397

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