Topic: Warren Buffet advise not to buy bitcoin. Expect bitcoin price to collapse. - page 5. (Read 8649 times)

Price didn't collapse. /thread

I can run minecraft from a thumb drive and open a coinbase account, therefore... smarter than Warren Buffet.  

ITT:  We convince ourselves that a multibillionaire don't know notin' bout money.

Lol exactly what I said on the first page. His wealth is based on the success of the dollar. Of course he's going to bash Bitcoin.

Buffet spreading FUD so he can buy in sub $300 

Let's hide the real message in with 5 other no brainer, super general statements that would apply to every year since the great depression to not make it to freakin obvious he has an agenda. Then, let's play to grandma and compare btc to checks and money orders, cause, you know, they still use and understand those. Sweet article.
The only cold hard fact you can take away is he either doesn't get it or he really isn't this ignorant and has an alt motive.

ooh thats why hes saying that bitcoin will crash otherwise he wont have any profit ftom those now i get it

This should be a forum sticky:

"Among the holdings that Buffett increased were his stakes in credit card giants Visa and Mastercard, as well as IBM."

Read more: http://www.businessinsider.com/berkshire-hathaway-13f-filing-november-14-2014-11#ixzz3NIzuC5XR

He's a statist that requires Bitcoin to fail for his investments to succeed.

Warren Buffet is great and has done sick deals in the past, his specialty is holding long term so this time he is really really missing the point and needs to get some perspective.

he'll be dead before he's proved wrong

With all respect, I dont think he is qualified to understand this field. Its a new technology and works differently than what he is used to.
I would like to see him say he was wrong in a few years.

Moderately, however that will change in the long run as more people become aware of other functions bitcoin can address and see it as more than a system to transfer and transmit money.

Usual word from someone who doesn't know bitcoin well
Let's see what will he do when bitcoin price rising up 

And looks like he look bitcoin as investment, not as currency

Right Buffet owns IBM, however that is the exception and sort of an intermediary to investing in Tech. Buffet is investing because IBM has a proven track record of making a profit through their products in services. He isn't investing in what IBM does, he is investing in the well managed company structure that he understands. Does he understand what it is IBM is making? Probably to a small extent. Does he explicitly know their company structure and understand why it is that they keep making him money? Yessir.

My point being, the fact that warren buffet doesn't recommend investing in Bitcoin doesn't change anything. The traditional investors that listen to him weren't going to invest in BTC anyway, and frankly, I'm glad they aren't. Bitcoin doesn't need the publicity that Warren Buffet sunk $100M into BTC, only to be hacked 10 minutes later and anonymously robbed. He is going to make his money, and with any luck those of us in BTC now will make our money sooner or later.

check the LTC/YUAN market :

The end of btc and LTC? 
in the meantime, i buy more 

He's gonna die someday soon of a heart attack... Only the supid people without money to spend will listen to a dead man. Therefore, bitcoin has no fear of Warren Buffet, me is a mirage... A simple mirage.

Young people shouldn't be concerned with the old people that put your nation deep in debt. You make your own future.

He's got lots of IBM, article indicated that he bought more too.

Why IBM Is One of the Biggest Warren Buffett Stocks "Berkshire owned 8.3% of Big Blue, making it the third-largest holding in Buffett's portfolio."
http://www.fool.com/investing/general/2014/11/28/why-ibm-is-one-of-the-biggest-warren-buffett-stock.aspx






Absolutely.

Warren Buffet is a smart guy, some that understand Bitcoin and its potential may think the fact that he doesn't invest in BTC as stupid, but he actually has the right idea. Don't invest in what you don't know. Hes not a tech guy, so he doesn't invest in tech. Will that bite him in the ass and will he feel regret for not buying? No, the guy is loaded and he will find other traditional investment mediums to make money in.

Frankly speaking, Bitcoin is not a safe investment. Don't get me wrong, I love Bitcoin, and I advocate its benefits to anyone who wants to know, but at this point in the game, if you don't understand Bitcoin, don't buy it. Your chances of losing money in the volatile market is nothing compared to your chances of having your investments scammed or hacked away from you. Until Bitcoin is as idiotproof as credit card transactions, ie there is a button you can click to completely secure your coins, investing in Bitcoins is not the right idea for people who don't have the aptitude to understand it.

Warren Buffet speaks for the majority of the population, the people who invest in their ROTH IRAs, maybe have a stock broker at some fiat financial giant. Buffet missed the .com bubble, and he still seems pretty ok with himself, if BTC hits $10k each in X years, by then he will have doubled his money in oil/metals/etc and be just peachy about his hundreds of billions of dollars.