Warren is just a person afterall, he does not know everything. Bitcoin can indeed be replaced by another cryptographic currency but who knows.
its logical that some may fear what they do not understand...
Topic: Warren Buffet saids: “Stay Away From Bitcoin” (Read 13980 times)
its logical that some may fear what they do not understand...
Warren is just a person afterall, he does not know everything. Bitcoin can indeed be replaced by another cryptographic currency but who knows.
There is that possibility... But I think Bitcoin will always remain relevant and maybe even used in a "gold standard" type of way...
When other cryptos offers more promising/beneficial features.. It may surpass Bitcoin in purchasing power a little bit, but each crypto will always be compared to the purchasing power Bitcoin holds... Especially after the fiat system has been replaced and we will no longer compare bitcoins purchasing power in terms of dollars.
Warren is just a person afterall, he does not know everything. Bitcoin can indeed be replaced by another cryptographic currency but who knows.
Warren Buffet doesn't invest in technology and probably hasn't taken the time to understand bitcoin
He invests in stakes giving him constant cash flow.
He is trying to pull himself out of the financial world and try to enjoy the remaining years he has ahead. That is probably why he does't care much about new FinTechs
Warren Buffet doesn't invest in technology and probably hasn't taken the time to understand bitcoin
He invests in stakes giving him constant cash flow.
One of the high ranking family member of the 13 inbred terrorist European Bloodline "Warren Buffet" tells his fans & investors to "stay away from Bitcoin."
You can find his excuses in the following articles below:
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383
Do you have any thoughts?
You can find his excuses in the following articles below:
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383
Do you have any thoughts?
Like the article says, he doesn't invest in what he doesn't know. He also probably shouldn't make disparaging comments about things he doesn't know a lot about. His comment is interesting but misses the point. In my opinion, bitcoin doesn't have a great deal of intrinsic value because it's a great way of transmitting money, but rather because there is a finite supply of bitcoin that will ever be available. The technology behind it, of course, makes the whole thing viable. Buffett is also probably threatened by the notion of a currency that competes with the central banks he works with closely. His companies make a lot of money from the old way of doing things. He doesn't want to see disruption unless it is his company doing it.
Warren Buffet doesn't invest in technology and probably hasn't taken the time to understand bitcoin
Warren Buffet has been saying crap like this for forever...where have you been?
One of the high ranking family member of the 13 inbred terrorist European Bloodline "Warren Buffet" tells his fans & investors to "stay away from Bitcoin."
You can find his excuses in the following articles below:
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383
Do you have any thoughts?
You can find his excuses in the following articles below:
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383
Do you have any thoughts?
May be the first time Warren buffet predictions may end in wrong. From a old saying, Giants also leaps, Buffet had mistaken bitcoin technology. Hopefully he will regret when bitcoin hit the moon. No one exact predict all the time and all the commodity. So, warren Buffet also.
I will always stay with bitcoin.
if bitcoin is a person he/she would said
"Stay away from Warren Buffet ppl"
bitcoin is just starting though
"Stay away from Warren Buffet ppl"
bitcoin is just starting though
He was right in some sense because of the prices.
But Bitcoin is more than the exchange price, specially when the financial world is about to collapse
But Bitcoin is more than the exchange price, specially when the financial world is about to collapse
Warren Buffett has spoken out against bitcoin in recent interviews. However, one of my favorite Buffett quotes involves the relative unimportance of timing compared to the actual event. It goes something like this (paraphrased of course), "If you know what will happen in a given market, it matters not when it will happen."
No one will listen to that geriatric old fuck anyway so I wouldn't worry about it
A lot of people do care what he thinks because he has been such a successful investor. but he does not understand most technology companies, and bitcoin is much more advanced
I wouldn't expect him to have any idea what bitcoin is, or why he should invest in it. He's the worlds greatest investor in the things that he know
He originally warned us in 2013 right? Today Bitcoin is below $300, so a lot of people did go in between $600-$1250 and lost their life savings.
Warren Buffet, ironically, may had been a fan of Bitcoin if he had known about it in 2009 but by 2013 much of the ROI was already tapped out.
Warren Buffet, ironically, may had been a fan of Bitcoin if he had known about it in 2009 but by 2013 much of the ROI was already tapped out.
He was not talking abut Bitcoin being overvalued. He said that he didn't see any fundamental value in Bitcoin.
That is where the majority of us differ with him.
A person with billions of course will be on the side with banks that hold their own fiat currency instead of of a currency whose value relies on the user(s). If his whole wealth was in purely bitcoin (hypothetically), his net worth would fluctuate hour by hour. I don't expect him to be so into the currency. Take a technological billionaire like Bill Gates or Mark Cuban who made their wealth through start ups with the internet. They'd be much more into the technology into Bitcoin (therefore a supporter) and rather than looking at it from only an economical viewpoint which is what Buffet is doing, they would see it's unique technology.
Have Bill gates or Mark Cuban made any statements related to Bitcoin? Or, at least, ones that are worth reading? I think we can safely assume that most other billionaires that don't have large hands in the technology sectors don't have really informed opinions, but I could easily be wrong.
I misspoke on Mark Cuban. I thought I read somewhere he supported Bitcoin, but in his Reddit AMA he doesn't believe it's the "future": https://www.reddit.com/r/Bitcoin/comments/2hk0jv/billionaire_entrepreneur_mark_cuban_bitcoin_has/
As far as Bill Gates goes, he believes it's better than regular currency: http://www.entrepreneur.com/article/238103
He originally warned us in 2013 right? Today Bitcoin is below $300, so a lot of people did go in between $600-$1250 and lost their life savings.
Warren Buffet, ironically, may had been a fan of Bitcoin if he had known about it in 2009 but by 2013 much of the ROI was already tapped out.
Warren Buffet, ironically, may had been a fan of Bitcoin if he had known about it in 2009 but by 2013 much of the ROI was already tapped out.
Stay away from Warren Buffet 
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