Topic: Warren Buffet advise not to buy bitcoin. Expect bitcoin price to collapse. - page 6. (Read 8649 times)
December 29, 2014, 12:11:05 AM
From reading the reports, it doesn't sound like he has grasped the concept of Bitcoin.
December 29, 2014, 12:07:09 AM
Buffet believes that BTC is another way to transmit money, just like a cheque.
On this fact alone he is showing a lack of understanding and total ignorance.
BTC is a way to "Transfer" money and one of its USP's is that it bypasses the financial network (banks) unlike a cheque which is a promise by the bank! not the person who owns the money in the system.
I would suggest he is of the opinion that the financial players and regulation will not allow a modern disruptive financial technology to succeed and compromise the Old school status quo.
The smart bankers will not be fearfull but work out how to take advantage of BTC and gain an edge on its competition.
December 28, 2014, 08:55:06 PM
He simply doesn't care about the technology, he just cares about money. Nothing important to read here 
You're right. Unlike Buffet, bitcoiners are actually trying really hard to save the world. That's their primary goal. Money is not even that important.That's a common theme with cults. I would say about everyone is trying to save the world in their own way.
December 28, 2014, 04:30:16 PM
He simply doesn't care about the technology, he just cares about money. Nothing important to read here
You're right. Unlike Buffet, bitcoiners are actually trying really hard to save the world. That's their primary goal. Money is not even that important. December 28, 2014, 04:29:09 PM
Warren gets it.
His analogy with checks is dead on.
His analogy with checks is dead on.
December 28, 2014, 04:28:10 PM
He simply doesn't care about the technology, he cares about just money. Nothing important to read here
December 28, 2014, 04:23:32 PM
How come so many people "don't understand bitcoin as a technology" (as bitcoiners like to say)? Are they all retards?
Bitcoin critics/skeptics/famous investors are all idiots who don't understand how something works while r/bitcoin enthusiasts on reddit are all geniuses and rocket scientists?
Seems legit.
Bitcoin critics/skeptics/famous investors are all idiots who don't understand how something works while r/bitcoin enthusiasts on reddit are all geniuses and rocket scientists?
Seems legit.
December 28, 2014, 04:04:17 PM
Warren buffet will have a nasty wake up call when it comes to Bitcoin succeeding.
He's worth over 60 billion dollars. I'm sure his secretary's secretary would take that call, laugh, and hang up.
*He also missed out on BTCeanie BTCabies, btw. He's holding up well, considering...
December 28, 2014, 03:59:19 PM
So the shirt maker doesn't understand the disruptive technology.
This is news?
This is news?
It doesn't seem that bitcoin has been disrupting anything over the past 6 years other than the 'get rich quick' dreams of naive investors.
December 28, 2014, 03:52:19 PM
Warren buffet will have a nasty wake up call when it comes to Bitcoin succeeding.
December 27, 2014, 10:34:16 AM
Here is another reason why Buffett might not have any interest in Bitcoin succeeding: He has an interest in it not succeeding.
http://www.businessinsider.com/berkshire-hathaway-13f-filing-november-14-2014-11
http://www.businessinsider.com/berkshire-hathaway-13f-filing-november-14-2014-11
December 27, 2014, 03:32:28 AM
FED saved Buffet 
December 26, 2014, 08:02:40 PM
In fact, when BTC was doing relatively 'OK' (not good or well) btc got the eye of some wall street kids. That was earlier this year, ever since then BTC has lost lots and lots of ground.
..and by "ground" you only mean price?
When the price was $1,100, Bitcoin had a lot less infrastructure than it does now.
There is more to the Bitcoin economy other than price. When are you people going to quit with this one-dimensional thinking?
"One-dimensional thinking"? Me? hahahaa you have got to be kidding.
Firstly, what I meant by 'ground' was price, regard, respect, interest, value, market share, etc ... the whole package, as a package.
Second, the price is the leading indicator of community interest, the leading indicator of currency intergration/assimilation, and the leading indicator of overall relevance.
Price is telling the only story that needs to be heard at this point. If the price was substantially higher prudent investors would look at other factors as part of their due diligence in considering it for investment.
Third, you can have all of the infrastructure in the world but if your product is unsafe it's not worthy of investment at any price,
If you want to pin me to a single dimension about btc it's not price, it's SECURITY. With proper security BTC skyrockets in price, regard, respect, and meaningful value.
December 26, 2014, 03:59:41 PM
Eventually 1 XBT will be worth more than 1 share of BRK.A. The more interesting question is will this happen while Warren Buffet is still alive?
Current prices 1 XBT 327.18 USD; 1 BRK.A 227,100.00 USD; Warren Buffet age 84; Life expectancy 84 year old male US 6.5 years http://www.ssa.gov/planners/lifeexpectancy.htm
Current prices 1 XBT 327.18 USD; 1 BRK.A 227,100.00 USD; Warren Buffet age 84; Life expectancy 84 year old male US 6.5 years http://www.ssa.gov/planners/lifeexpectancy.htm
December 26, 2014, 02:03:25 PM
Warren Buffet saying bitcoin is a scam:
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12
How is this going to affect price?
i think it will give bitcoin a boosthttp://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12
How is this going to affect price?
as one of the best investor is talking about something can't be a simple currency
some big player who don't know about bitcoin before will have a look into this and might be give it a try
At this point, BTC has no place on wall street. The only time "big players" in the currency markets, commodities markets, any other markets may give BTC a look is during performance periods. In fact, when BTC was doing relatively 'OK' (not good or well) btc got the eye of some wall street kids. That was earlier this year, every since then BTC has lost lots and lots of ground. There's nothing to consider until the cryptocurrency community show more faith in their own currency.
Its time to clean up the cryptocurrency industry, time to make this a safe place to invest -- that is how to get outsiders looking at btc with favor.
December 26, 2014, 01:50:54 PM
...
some big player who don't know about bitcoin before will have a look into this and might be give it atry chuckle.
some big player who don't know about bitcoin before will have a look into this and might be give it a
FTFY
December 26, 2014, 01:41:24 PM
Warren Buffet saying bitcoin is a scam:
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12
How is this going to affect price?
i think it will give bitcoin a boosthttp://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12
How is this going to affect price?
as one of the best investor is talking about something can't be a simple currency
some big player who don't know about bitcoin before will have a look into this and might be give it a try
December 26, 2014, 01:36:17 PM
Warren Buffet says he likes his money in fairly stable & certain investments, where major change and disruption are unlikely. It is not surprising he says steer clear of bitcoin. Unfortunately I think his advice will be quoted in a lot of upcoming articles that are critical of bitcoin and some people will take his advice. But imo this won't have any notable impact on price
Bad news now push price up so i expect that will happen. 
December 26, 2014, 11:09:47 AM
Warren Buffet is a decrepid dinosaur. His time his over and Bitcoin will be the nail in his coffin.
I wouldn't say his time is over. He's only 84 years old.
People still buy shirts. Maybe some time soon more people will be buying them with bitcoins.
He might end up making money from Bitcoin despite himself. He seems to have a knack for that.
December 26, 2014, 10:29:53 AM
Warren Buffet is a decrepid dinosaur. His time his over and Bitcoin will be the nail in his coffin.
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