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Topic: Warren Buffet advise not to buy bitcoin. Expect bitcoin price to collapse. (Read 8649 times)

newbie
Activity: 70
Merit: 0
THESE FUDsters want to FUD because they trust Fiat and can't get used to the fact that a better currency is out there. They have grown so used to oil and cash that

they really cannot imagine anything else. Can you imagine them crying poor mouth once our BTC gets worth plenty?

Warren Buffet only invest in the companies which can provide him with positive cash flow. Bitcoin is not established enough for him.
full member
Activity: 182
Merit: 100
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THESE FUDsters want to FUD because they trust Fiat and can't get used to the fact that a better currency is out there. They have grown so used to oil and cash that

they really cannot imagine anything else. Can you imagine them crying poor mouth once our BTC gets worth plenty?
full member
Activity: 148
Merit: 100
Notice buffet hasn't told anybody what to do with their money in 2016...

Maybe he is secretly investing into bitcoin. But this might be against his advice. He does not see cash flow from bitcoin.

If Buffet would invest in bitcoin, believe me that he would say all the benefits it possesses. Only by speaking greatly about bitcoin, he would make its value rise from several %. He actually is very listened in stock markets.
Not likely. He files a 13F and will not publicly disclose his Bitcoin holdings until he feels it's time to sell.

When he wants to sell, he can talk up the price and sell at the high price. A very good strategy.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Notice buffet hasn't told anybody what to do with their money in 2016...

Maybe he is secretly investing into bitcoin. But this might be against his advice. He does not see cash flow from bitcoin.

If Buffet would invest in bitcoin, believe me that he would say all the benefits it possesses. Only by speaking greatly about bitcoin, he would make its value rise from several %. He actually is very listened in stock markets.
Not likely. He files a 13F and will not publicly disclose his Bitcoin holdings until he feels it's time to sell.
hero member
Activity: 560
Merit: 501
Notice buffet hasn't told anybody what to do with their money in 2016...

Maybe he is secretly investing into bitcoin. But this might be against his advice. He does not see cash flow from bitcoin.

If Buffet would invest in bitcoin, believe me that he would say all the benefits it possesses. Only by speaking greatly about bitcoin, he would make its value rise from several %. He actually is very listened in stock markets.
legendary
Activity: 896
Merit: 1000
Notice buffet hasn't told anybody what to do with their money in 2016...

Maybe he is secretly investing into bitcoin. But this might be against his advice. He does not see cash flow from bitcoin.

i don't think he is investing in bitcoin in secret. especially when it's done through his berkshire hathaway. every investment, no matter the size, must be made publicly for the share holders. if he really had invested in bitcoin or a bitcoin related startup, then we would have heard about it already.
newbie
Activity: 70
Merit: 0
Notice buffet hasn't told anybody what to do with their money in 2016...

Maybe he is secretly investing into bitcoin. But this might be against his advice. He does not see cash flow from bitcoin.
full member
Activity: 238
Merit: 100
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He does have a point but, however, I still believe it is a great investment.
hero member
Activity: 622
Merit: 500
Notice buffet hasn't told anybody what to do with their money in 2016...
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
 ^ LOL!  I am laughing it my own post it's hilarious.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Not going to affect anything. Bitcoin is going to grow at the speed as it is right now. Warren Buffet is probably just jealous that he didn't get into Bitcoins earlier.  Wink

I very much doubt it.  On that bolded comment that you made, he'd probably say:  "Fuck you, I could buy you and your whole family a billion times over to lick my asshole clean and I'd still be a billionaire."  Cheesy
legendary
Activity: 938
Merit: 1002
Not going to affect anything. Bitcoin is going to grow at the speed as it is right now. Warren Buffet is probably just jealous that he didn't get into Bitcoins earlier.  Wink
sr. member
Activity: 481
Merit: 250
Well, warran buffet is only going to safer investment like a company etc. Btc is like gambling so its nono for him.
legendary
Activity: 3528
Merit: 7005
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I have a crazy amount of respect for Warren Buffet.  That's about all I have to say.  He's a brilliant money manager, but he's human like the rest of us and makes mistakes.  He's also in his 80s.  He does have some good points here.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Buffet is right in saying that people stay away from Bitcoin.  With all the toxic white male libertarian bros around here?  I'll say the same thing too.  Grin
hero member
Activity: 622
Merit: 500
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

Its official.  The greatest investor of all time gave some pretty bad investment advice for 2015.  He gave recommendations on two specific assets:  bitcoin and vanguard's s&p 500 etf (voo).  Here is the performance:

bitcoin:  +39% - stay away from this according to buffet
VOO:  -1.25% - invest in this according to buffet

VOO may be break even after dividends and fees - might as well have just stayed in cash

newbie
Activity: 70
Merit: 0
Warren Buffet's advise about not to buy bitcoins won't affect the price by a significant amount. Many bitcoiners don't agree with his comment.

Some Wall Street companies are investing in bitcoin related business. For example, Goodman Sachs invested $50 million in Circle. So Buffet's comments might be not up to date.
full member
Activity: 148
Merit: 100
That was last year's advice. Bitcoin has survived and evolved since then. Bitcoin has a crisis of block size limit at present. If it is not solved quickly, the bitcoin will be affected adversely.
hero member
Activity: 616
Merit: 500
Warren Buffet's advise about not to buy bitcoins won't affect the price by a significant amount. Many bitcoiners don't agree with his comment.
newbie
Activity: 40
Merit: 0
It might be time for him to retire.
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