Buffet is smart enough not to tell public what he thinks.
In reality he is probably already started to buy bitcoins to manipulate market in the future.
Topic: URGENT NEWS - Warren Buffet declares Bitcoin as a BAD INVESTMENT - page 8. (Read 12822 times)
March 03, 2014, 05:01:28 PM
March 03, 2014, 04:52:23 PM
"URGENT NEWS" translation: So an old guy says Bitcoin is a bad investment.
Looks like this old man didn't look at the price history for Bitcoin for the past 4 years.
Looks like this old man didn't look at the price history for Bitcoin for the past 4 years.
March 03, 2014, 04:49:26 PM
Warren Buffett commenting on something he doesn't understand is unusual. He usually keeps his mouth shut regarding technology investments. He cares about 1 thing, making himself money. Him commenting on Bitcoin means that he believes it has the potential to effect his ability to draw in new investment and it probably scares the shit out of him. Enough for him to step outside his box and make a comment.
EDIT: Buffett actually holds a huge position with Wells Fargo, who is one of the banks trying to get ahead of the Bitcoin movement. Unusual for him to make this statement while a company that he owns billions of dollars worth of shares is pro-BTC. It is contradictory to the point where it screams manipulation.
http://www.finextra.com/news/fullstory.aspx?NewsItemID=25652
EDIT 2: Buffett actually just boosted his ownership in Wells Fargo as well. Seems to me that his words say avoid Bitcoin, while his money screams BUY ME SOME BITCOINS!
http://www.bizjournals.com/charlotte/blog/morning-edition/2014/02/warren-buffett-boosts-stake-in-wells-fargo-again.html?page=all
FINAL EDIT: Buffett is famous for saying to be greedy when others are fearful. His actions show that he is not only afraid of Bitcoin, but is buying on his fear. I can't think of a more bullish sign.
EDIT: Buffett actually holds a huge position with Wells Fargo, who is one of the banks trying to get ahead of the Bitcoin movement. Unusual for him to make this statement while a company that he owns billions of dollars worth of shares is pro-BTC. It is contradictory to the point where it screams manipulation.
http://www.finextra.com/news/fullstory.aspx?NewsItemID=25652
EDIT 2: Buffett actually just boosted his ownership in Wells Fargo as well. Seems to me that his words say avoid Bitcoin, while his money screams BUY ME SOME BITCOINS!
http://www.bizjournals.com/charlotte/blog/morning-edition/2014/02/warren-buffett-boosts-stake-in-wells-fargo-again.html?page=all
FINAL EDIT: Buffett is famous for saying to be greedy when others are fearful. His actions show that he is not only afraid of Bitcoin, but is buying on his fear. I can't think of a more bullish sign.
Bitcoin must be such a small idea inside Wells Fargo I'm sure Buffet wouldn't know about it. He has over 330 000 employees. He lets his businesses get on with it. You can't read anything into this about his opinions. He has said before he doesn't invest in currencies (USD/EUR/etc) but in businesses (he understands).
March 03, 2014, 04:49:17 PM
Warren Buffett commenting on something he doesn't understand is unusual. He usually keeps his mouth shut regarding technology investments. He cares about 1 thing, making himself money. Him commenting on Bitcoin means that he believes it has the potential to effect his ability to draw in new investment and it probably scares the shit out of him. Enough for him to step outside his box and make a comment.
EDIT: Buffett actually holds a huge position with Wells Fargo, who is one of the banks trying to get ahead of the Bitcoin movement. Unusual for him to make this statement while a company that he owns billions of dollars worth of shares is pro-BTC. It is contradictory to the point where it screams manipulation.
http://www.finextra.com/news/fullstory.aspx?NewsItemID=25652
EDIT 2: Buffett actually just boosted his ownership in Wells Fargo as well. Seems to me that his words say avoid Bitcoin, while his money screams BUY ME SOME BITCOINS!
http://www.bizjournals.com/charlotte/blog/morning-edition/2014/02/warren-buffett-boosts-stake-in-wells-fargo-again.html?page=all
FINAL EDIT: Buffett is famous for saying to be greedy when others are fearful. His actions show that he is not only afraid of Bitcoin, but is buying on his fear. I can't think of a more bullish sign.
EDIT: Buffett actually holds a huge position with Wells Fargo, who is one of the banks trying to get ahead of the Bitcoin movement. Unusual for him to make this statement while a company that he owns billions of dollars worth of shares is pro-BTC. It is contradictory to the point where it screams manipulation.
http://www.finextra.com/news/fullstory.aspx?NewsItemID=25652
EDIT 2: Buffett actually just boosted his ownership in Wells Fargo as well. Seems to me that his words say avoid Bitcoin, while his money screams BUY ME SOME BITCOINS!
http://www.bizjournals.com/charlotte/blog/morning-edition/2014/02/warren-buffett-boosts-stake-in-wells-fargo-again.html?page=all
FINAL EDIT: Buffett is famous for saying to be greedy when others are fearful. His actions show that he is not only afraid of Bitcoin, but is buying on his fear. I can't think of a more bullish sign.
awesome comment, you are spot on.
Also I might add, warren buffets investments haven't been performing at any extremely great levels recently. I feel like hes riding the broader wave of index-type return on investments.
Thats not how he made his wealth though- he made his wealth by investing in things like bitcoin(massive return potential), its really quite sad that he doesnt understand the potential. I'm sure he will one day, hopefully soon.
March 03, 2014, 04:30:16 PM
Warren Buffett commenting on something he doesn't understand is unusual. He usually keeps his mouth shut regarding technology investments. He cares about 1 thing, making himself money. Him commenting on Bitcoin means that he believes it has the potential to effect his ability to draw in new investment and it probably scares the shit out of him. Enough for him to step outside his box and make a comment.
EDIT: Buffett actually holds a huge position with Wells Fargo, who is one of the banks trying to get ahead of the Bitcoin movement. Unusual for him to make this statement while a company that he owns billions of dollars worth of shares is pro-BTC. It is contradictory to the point where it screams manipulation.
http://www.finextra.com/news/fullstory.aspx?NewsItemID=25652
EDIT 2: Buffett actually just boosted his ownership in Wells Fargo as well. Seems to me that his words say avoid Bitcoin, while his money screams BUY ME SOME BITCOINS!
http://www.bizjournals.com/charlotte/blog/morning-edition/2014/02/warren-buffett-boosts-stake-in-wells-fargo-again.html?page=all
FINAL EDIT: Buffett is famous for saying to be greedy when others are fearful. His actions show that he is not only afraid of Bitcoin, but is buying on his fear. I can't think of a more bullish sign.
EDIT: Buffett actually holds a huge position with Wells Fargo, who is one of the banks trying to get ahead of the Bitcoin movement. Unusual for him to make this statement while a company that he owns billions of dollars worth of shares is pro-BTC. It is contradictory to the point where it screams manipulation.
http://www.finextra.com/news/fullstory.aspx?NewsItemID=25652
EDIT 2: Buffett actually just boosted his ownership in Wells Fargo as well. Seems to me that his words say avoid Bitcoin, while his money screams BUY ME SOME BITCOINS!
http://www.bizjournals.com/charlotte/blog/morning-edition/2014/02/warren-buffett-boosts-stake-in-wells-fargo-again.html?page=all
FINAL EDIT: Buffett is famous for saying to be greedy when others are fearful. His actions show that he is not only afraid of Bitcoin, but is buying on his fear. I can't think of a more bullish sign.
March 03, 2014, 04:27:09 PM
Warren is too old to do any math homework. That's why.
March 03, 2014, 04:17:42 PM
Warren buffet declared bitcoin as useless and strongly believes bitcoin and Cryptos will die in 10 years. He also thinks bitcoin is a terrible investment.
This guy has been right ALL THE TIME and is smarter than the piglets and peasants on this forum
Also confirms my theory that bitcoin has run its course as an investment
Don't underestimate him, Big money will now stay away from bitcoin and I speculate that the price won't return 500% or more
http://www.coindesk.com/warren-buffet-bitcoin-currency/
This guy has been right ALL THE TIME and is smarter than the piglets and peasants on this forum
Also confirms my theory that bitcoin has run its course as an investment
Don't underestimate him, Big money will now stay away from bitcoin and I speculate that the price won't return 500% or more
http://www.coindesk.com/warren-buffet-bitcoin-currency/
OP is an idiot. No one is always right.
March 03, 2014, 04:16:48 PM
Buffet's key phrase is "or, I’m not sure" .
March 03, 2014, 03:59:39 PM
Something good can come out of this, you idiots gonna stop citing that stupid quote.
March 03, 2014, 03:57:19 PM
You just turn the brain and the solution will just come
March 03, 2014, 03:41:40 PM
Don't try to read between the lines here. He doesn't understand Bitcoin beyond it being used by some as a method of exchange and store of value. To him, it's like gold - a modern day incarnation of what his buddy Munger calls a "barbarian metal". Buffett will always, always, always advise people to invest in businesses. His take on it is this: gold doesn't DO anything, bitcoin doesn't DO anything, etc. It's nothing against cryptocurrency itself, he just thinks there are better investments.
March 03, 2014, 03:24:33 PM
Meanwhile bitcoin increase its value to 620.
Yes it is truly a bad investment, it makes traditional investments look like fail
Yes it is truly a bad investment, it makes traditional investments look like fail
bitcoin going up to 645$ tonight, thank you Warren Buffet I guess
Buffet says in the interview : "...you’ll be much better off owning productive assets over the next 50 years than you will be holding pieces of paper or, I’m not sure, bitcoins,”
I am not sure he knows that there will only be 21million bitcoins produced
the projected time for 21 million Bitcoin is about 140 years. so......
March 03, 2014, 03:22:30 PM
Warren buffet declared bitcoin as useless and strongly believes bitcoin and Cryptos will die in 10 years. He also thinks bitcoin is a terrible investment.
This guy has been right ALL THE TIME and is smarter than the piglets and peasants on this forum
Also confirms my theory that bitcoin has run its course as an investment
Don't underestimate him, Big money will now stay away from bitcoin and I speculate that the price won't return 500% or more
http://www.coindesk.com/warren-buffet-bitcoin-currency/
This guy has been right ALL THE TIME and is smarter than the piglets and peasants on this forum
Also confirms my theory that bitcoin has run its course as an investment
Don't underestimate him, Big money will now stay away from bitcoin and I speculate that the price won't return 500% or more
http://www.coindesk.com/warren-buffet-bitcoin-currency/
Buffett has stated that he never understood technological companies and he never took part in them.
What's different now that he would make such a statement, and we would take him seriously!!!
I guess Microsoft has always been a bad investment since Buffet is technology averse!!! LOL!
Buffet never said Microsoft is was a bad investment. But he just did say Bitcoin is a piece of shit. Big diff
March 03, 2014, 03:22:25 PM
What that dino said ? He just want cheap coins, old bastard 
March 03, 2014, 03:22:19 PM
Meanwhile bitcoin increase its value to 620.
Yes it is truly a bad investment, it makes traditional investments look like fail
Yes it is truly a bad investment, it makes traditional investments look like fail
bitcoin going up to 645$ tonight, thank you Warren Buffet I guess
Buffet says in the interview : "...you’ll be much better off owning productive assets over the next 50 years than you will be holding pieces of paper or, I’m not sure, bitcoins,”
I am not sure he knows that there will only be 21million bitcoins produced
March 03, 2014, 03:21:54 PM
The situation is logic and clear,
Here we have three teams:
1.teams for production bitcoin
2.team for sales Bitcoin and manipulation with price
3.team for speculation and propaganda
all work together and share profits,
When mining be impossibile difficulty about 10 bilion, teams for production bitcoin will stop mining and game iz over, and currency exchange can disappear just like Mtgox
Current difficulty is 3.8 bilion !!!
Here we have three teams:
1.teams for production bitcoin
2.team for sales Bitcoin and manipulation with price
3.team for speculation and propaganda
all work together and share profits,
When mining be impossibile difficulty about 10 bilion, teams for production bitcoin will stop mining and game iz over, and currency exchange can disappear just like Mtgox
Current difficulty is 3.8 bilion !!!
I'm a part of team 1 and I wont stop mining at 10 bilion if ever.
Mining will not be profitable in difficulties 10 bilion !!!
March 03, 2014, 03:21:41 PM
I was a bit concerned at first, but this post should clear things up.
LOL, top holdings:
Amex
bank of NY
GE (has big financial arm)
Goldman Sachs
Mastercard
USB
Wells Fargo
And as far as I remember, he's never been that capable of evaluating tech -- he's thin and often late on tech... only getting in when the company is a force...
http://www.cnbc.com/id/22130601
Amex
bank of NY
GE (has big financial arm)
Goldman Sachs
Mastercard
USB
Wells Fargo
And as far as I remember, he's never been that capable of evaluating tech -- he's thin and often late on tech... only getting in when the company is a force...
http://www.cnbc.com/id/22130601
March 03, 2014, 03:20:36 PM
Warren Buffet - The New Proudhon
Awesome, glad to know Proudhon is now on my side that bitcoin is a bad investment
March 03, 2014, 03:20:25 PM
LOL, top holdings:
Amex
bank of NY
GE (has big financial arm)
Goldman Sachs
Mastercard
USB
Wells Fargo
And as far as I remember, he's never been that capable of evaluating tech -- he's thin and often late on tech... only getting in when the company is a force...
m/id/22130601]http://www.c[Suspicious link removed]m/id/22130601
Amex
bank of NY
GE (has big financial arm)
Goldman Sachs
Mastercard
USB
Wells Fargo
And as far as I remember, he's never been that capable of evaluating tech -- he's thin and often late on tech... only getting in when the company is a force...
m/id/22130601]http://www.c[Suspicious link removed]m/id/22130601
Looks about right good find.
March 03, 2014, 03:19:33 PM
The situation is logic and clear,
Here we have three teams:
1.teams for production bitcoin
2.team for sales Bitcoin and manipulation with price
3.team for speculation and propaganda
all work together and share profits,
When mining be impossibile difficulty about 10 bilion, teams for production bitcoin will stop mining and game iz over, and currency exchange can disappear just like Mtgox
Current difficulty is 3.8 bilion !!!
Here we have three teams:
1.teams for production bitcoin
2.team for sales Bitcoin and manipulation with price
3.team for speculation and propaganda
all work together and share profits,
When mining be impossibile difficulty about 10 bilion, teams for production bitcoin will stop mining and game iz over, and currency exchange can disappear just like Mtgox
Current difficulty is 3.8 bilion !!!
I'm a part of team 1 and I wont stop mining at 10 bilion if ever.
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