Topic: Warren Buffet bought “Gold� for the first time. When Bitcoin? - page 2. (Read 533 times)
August 19, 2020, 10:43:59 AM
Buffett gets rich and he believes in what he has learned. The truth is he is old and I think he changed his opinion. Also in 2019, he was fooled $ 340 million into the clean energy company DC Solar of the couple Jeff and Paulette Carpoff in California (USA). He let Elon Musk pass and dropped quickly. Buffett has sold out all of his aviation shares. Previously he thought gold was not something worth investing in, but now he's changed. Maybe in a few years he will buy bitcoin.
August 19, 2020, 09:58:44 AM
So much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.
maybe the man Is just hypocrite to accept reality.Having a lot of money?there is always a possibilities that He is accumulating crypto secretly?
About his Gold investment this wont be his first time.
August 19, 2020, 07:46:27 AM
He might be investing in Bitcoin privately and not make it public. The mass adoption is begun to happen to all digital assets.
Yups Just like in Gold as i don't believe that it is really His first time buying Gold since all people in the world either want to have gold or they already have,and also He may have Given some Gift for His Lover r other friend thats why it is impossible that this is His first time having GoldSo much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.
maybe the man Is just hypocrite to accept reality.Having a lot of money?there is always a possibilities that He is accumulating crypto secretly?
August 19, 2020, 05:43:25 AM
He might be investing in Bitcoin privately and not make it public. The mass adoption is begun to happen to all digital assets.
August 19, 2020, 04:43:40 AM
Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.
I would assume that crypto currencies just don't qualifiy as "value" for Warren Buffet. His very strong value orientated investing style always looks for hard assets. That's probably why he went also for the mining company instead of buying physical gold outright. He will still be a shareholder and has asset behind the company, like offices, land rights, equipment.
Even though bitcoins are the future I believe Warren Buffet would classify as too risky, as their is no government behind it or other form of security.
Anything that is backed by any strong fundamentals or has any physical existence is the one Warren Buffet looks for and this is the reason might be he is not looking for now bitcoin. He is missing this opportunity to buy it and create some portfolio separately for crypto just to test it.
August 19, 2020, 03:28:00 AM
Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.
I would assume that crypto currencies just don't qualifiy as "value" for Warren Buffet. His very strong value orientated investing style always looks for hard assets. That's probably why he went also for the mining company instead of buying physical gold outright. He will still be a shareholder and has asset behind the company, like offices, land rights, equipment.
Even though bitcoins are the future I believe Warren Buffet would classify as too risky, as their is no government behind it or other form of security.
August 19, 2020, 02:53:20 AM
After reading the article, it seems that he has withdrawn money from the market and put it into a more strong stock that is not going to be affected by the pandemic. Just like you said, Gold, in terms of investments from Warren Buffet, I do not think he will be investing in cryptocurrencies in any way.
If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below
So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.
If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below
When Justin and four friends came, they behaved perfectly and we had a very friendly 3½-hour dinner and the whole thing was a very friendly exchange of ideas," Buffett said. He added that neither he nor Sun changed their stance on bitcoin
So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.
Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.
August 18, 2020, 07:36:13 PM
After reading the article, it seems that he has withdrawn money from the market and put it into a more strong stock that is not going to be affected by the pandemic. Just like you said, Gold, in terms of investments from Warren Buffet, I do not think he will be investing in cryptocurrencies in any way.
If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below
So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.
If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below
When Justin and four friends came, they behaved perfectly and we had a very friendly 3½-hour dinner and the whole thing was a very friendly exchange of ideas," Buffett said. He added that neither he nor Sun changed their stance on bitcoin
So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.
August 18, 2020, 07:24:46 PM
I am not surprised that Warren Buffett finally bought Gold, because the stock market decline that occurred made Warren Buffett take it
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.
We cant say that it is a right call since we dont know on whats the actual thing that he had on mind when considering on buying gold on this time rather than on bitcoin
but we can make presumptions basing of between the two assets and as an traditional investor which is heavily considering always on traditional investments then its no surprise
that he would stick into this precious metal.We cant say that he havent recognized bitcoin but we are sure that it wont really be an option for him but who knows?
August 18, 2020, 03:40:58 PM
There will be no wonder for turning into gold when world business are being shut down or its production rates are getting impacted due to pandemic situations. Probably in my observation Warren Buffet must be too late to get into the gold train. Worldwide people are slowly getting back into normal life as lockdown restrictions are being lifted step-by-step in most countries. This will lead to stocks to be performing like before because business are getting back into normal.
When business get into back of its full fledged nature, investors may get back to stocks by leaving gold. I mean there could be plenty of chances for gold prices to fall in near future if vaccine for corona arrives. I speculate gold will suffer a huge blow if vaccine arrives and stocks start to flourish.
Warren Buffet never had good opinion on bitcoin and this time he probably made another mistake by choosing gold due to its recent spike which was triggered by pandemic conditions; I am sure pandemic things will not sustain hence investors may move out of gold to catch stocks cheaper before everyone else.
When business get into back of its full fledged nature, investors may get back to stocks by leaving gold. I mean there could be plenty of chances for gold prices to fall in near future if vaccine for corona arrives. I speculate gold will suffer a huge blow if vaccine arrives and stocks start to flourish.
Warren Buffet never had good opinion on bitcoin and this time he probably made another mistake by choosing gold due to its recent spike which was triggered by pandemic conditions; I am sure pandemic things will not sustain hence investors may move out of gold to catch stocks cheaper before everyone else.
August 17, 2020, 07:51:38 PM
I am not surprised that Warren Buffett finally bought Gold, because the stock market decline that occurred made Warren Buffett take it
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.
August 17, 2020, 07:51:26 PM
So much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.
August 17, 2020, 07:30:21 PM
Even though this might not give a clear hint about when he is going to buy bitcoin but one thing is pretty evident from this that the equity markets are in some danger maybe that's why he is trying to add on some low beta gold on his portfolio. Maybe the Quantity is low but still a historic move must be due to some reason. Because he never does any investment just without any reason. While about bitcoin I think until there is no regulation big Investors won't hurt themselves with litigations by entering in Bitcoin.
August 17, 2020, 05:13:18 PM
I think bitcoin and gold are fundamentally different in the world of finance. One of them is a thing that people have known for millennia, literally over 3 thousand years of using it like a money and exchange it for goods, so it is impossible for people to actually end up with gold to save some money and save their purchasing power, it is such a common thing.
However bitcoin is a brand new thing, it has been around for 11-12 years at best, sure there were tests and other tries for something like bitcoin for years but I honestly feel like this is the only time it could ever be sensible for Warren Buffet to buy gold, because gold is something he already knew, gold is something people invested into even before he was born, but bitcoin is a brand new thing that came out after he was 70 years old! So, I understand it.
However bitcoin is a brand new thing, it has been around for 11-12 years at best, sure there were tests and other tries for something like bitcoin for years but I honestly feel like this is the only time it could ever be sensible for Warren Buffet to buy gold, because gold is something he already knew, gold is something people invested into even before he was born, but bitcoin is a brand new thing that came out after he was 70 years old! So, I understand it.
August 17, 2020, 03:34:46 PM
With this logic, he'd buy "Bitcoin" - a stock of some company related to Bitcoin. Except he'll never do this, because he might view gold as useful, a thousand-year tested asset, but Bitcoin is a volatile, speculative "rat poison".
Most probably because we all know how allergic he is with the crypto stuff 
. However, if he really got a true business mind then there's no way that he will not be interested on something which can give him profits. And bitcoin investing can do that! So I think he grabbed/grabs/will grab it (maybe he's not as vocal as the others because he want to take care of his reputation). It is just that Warren Buffet shows hatred to crypto maybe because he was not yet comfortable moving outside his empire .
This is what I like with crypto, it is like a game for every one coz we don't know the person behind an address, we probably been seeing Warren moving his stacks a long time ago and telling us not to buy bitcoin coz he just wanted to buy it cheaper then become silent for a while, dump his coin then spread FUD again, when price decreases he's going to buy again, and the cycle continues making a huge money load for himself.. Maybe after Buffet will be gone his company will get into crypto, especially as crypto will become more established in the coming years.
*knock in the wood 
August 17, 2020, 09:51:13 AM
Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.
Young minds have a lot of good ideas and Warren Buffet has that positivity before but it comes into the point that he's losing such sensibility as he going older. I'm not seeing that he was losing his bright minds and positivity but he can't lower down his pride and keep the hates towards bitcoin. He is the kind of person that never accepts losses instead to keep himself always right though we know that he's actually wrong.Quote
“Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a “Squawk Box” interview. “In terms of value: zero.”
https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html
He badly curses crypto instead of opening up his mind to reality and accept that he is wrong.https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html
August 17, 2020, 08:22:48 AM
Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.
Young minds have a lot of good ideas and Warren Buffet has that positivity before but it comes into the point that he's losing such sensibility as he going older. I'm not seeing that he was losing his bright minds and positivity but he can't lower down his pride and keep the hates towards bitcoin. He is the kind of person that never accepts losses instead to keep himself always right though we know that he's actually wrong.Quote
“Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a “Squawk Box” interview. “In terms of value: zero.”
https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html
He badly curses crypto instead of opening up his mind to reality and accept that he is wrong. https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html
August 17, 2020, 06:28:49 AM
Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.
August 17, 2020, 06:08:26 AM
The only thing I can say is that we on the bitcointalk forum are constantly commenting on what the WB said or did, as if Bitcoin is completely dependent on one man. The man has expressed his opinion on Bitcoin countless times, and the probability of changing is extremely small or non-existent - after all, he is a man who belongs to the world of another old-school economy.
I understand that people are excited because WB has done something it has never done before, but I don't believe that gold can be followed by Bitcoin - after all, WB isn't Jamie Dimon or Michael Saylor.
I understand that people are excited because WB has done something it has never done before, but I don't believe that gold can be followed by Bitcoin - after all, WB isn't Jamie Dimon or Michael Saylor.
August 17, 2020, 05:55:03 AM
Nice to see him finally deciding and investing in the gold for the first very time. This also means that if not now later he may think on the bitcoin as well and who knows one super day, we may hear his change views on bitcoin and also bought some of them.
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