Warren Buffet saids: “Stay Away From Bitcoin” - page 4.

tyz

legendary

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i think he would change it's mind if Bitcoin would become a mainstream payment option.

Quote from: oblivi on June 25, 2015, 09:52:11 AM

Quote from: tyz on June 23, 2015, 03:13:09 PM

He also said once he would not invest into technology companies (because he does not understand them).
http://www.businessinsider.com/why-buffett-doesnt-invest-in-technology-2014-3?IR=T

Recently, he invested into IBM and plans to invest in three more tech companies.
http://www.cnbc.com/id/102464032

Times and opinions are changing Wink

Warren holds some stocks in Visa and Mastercard. Ironically, the founder of Visa is now a member of the advisory board of Xapo. Meanwhile Warren is too old to get with the times and become a main Bitcoin holder now that he would still be able to before it becomes too expensive.

neordicICE

hero member

Activity: 505

Merit: 500

Everytime I see this thread bump I buy more BTC.
That's right Warren. You're reading this for sure.

oblivi

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Quote from: tyz on June 23, 2015, 03:13:09 PM

He also said once he would not invest into technology companies (because he does not understand them).
http://www.businessinsider.com/why-buffett-doesnt-invest-in-technology-2014-3?IR=T

Recently, he invested into IBM and plans to invest in three more tech companies.
http://www.cnbc.com/id/102464032

Times and opinions are changing Wink

Warren holds some stocks in Visa and Mastercard. Ironically, the founder of Visa is now a member of the advisory board of Xapo. Meanwhile Warren is too old to get with the times and become a main Bitcoin holder now that he would still be able to before it becomes too expensive.

dblink

sr. member

Activity: 252

Merit: 250

Quote from: Divinespark on December 27, 2014, 11:00:21 AM

Fortunately, even a genius like Buffett is not always right
He is wrong about bitcoin. Period.

Since he raise an anti-statement about bitcoin, Warren Buffet never counted as wrong, Remember he is a successful entrepreneur. And his age is similar like our parents, If our parents say anything about bitcoin because of lack of knowledge, Will we behave badly with our parents or talk rudely with them because of these topics.

Drogon

newbie

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Quote from: ijphlrnxewho on December 26, 2014, 05:23:00 PM

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?

He has grown too old.

BitmoreCoin

sr. member

Activity: 406

Merit: 250

Quote from: tyz on June 23, 2015, 03:13:09 PM

He also said once he would not invest into technology companies (because he does not understand them).
http://www.businessinsider.com/why-buffett-doesnt-invest-in-technology-2014-3?IR=T

Recently, he invested into IBM and plans to invest in three more tech companies.
http://www.cnbc.com/id/102464032

Times and opinions are changing Wink

IBM is not just a tech company. It has continuous and positive cash flow like other companies invested by Buffet.

ifightformerkel

legendary

Activity: 1386

Merit: 1000

What he say and what he do, are two different things.

Maybe he say stay away, because he know, that when he say buy it RIGHT NOW, the price will go will rise too fast.
He buy now a lot of bitcoins for a cheap price and after a big company accept bitcoin and it will be sucessfull he say buy it, its the best thing in the world.
It is the first first decentralized currency and i bet he now very well what he is saying.

Never trust anyone for 100% when it goes about money, everyone will make profit. Wink

tyz

legendary

Activity: 3346

Merit: 1530

He also said once he would not invest into technology companies (because he does not understand them).
http://www.businessinsider.com/why-buffett-doesnt-invest-in-technology-2014-3?IR=T

Recently, he invested into IBM and plans to invest in three more tech companies.
http://www.cnbc.com/id/102464032

Times and opinions are changing Wink

kfarnan

newbie

Activity: 28

Merit: 0

Who would use a centralized bank coin? Nobody.. Huh

phMining

newbie

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Merit: 0

Quote from: ijphlrnxewho on December 26, 2014, 05:23:00 PM

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?

Unless this community gets its shit straight he could be exactly right. He says right in the article its easily "duplicated" which hes correct on. Let says banks around the world decide to piggyback a bitcoin like network, running their own nodes, their own mines for verification and leave BTC in the dust? They could very easily do this. "They" being a group Warren has a heavy influence in.

Coinbanker

full member

Activity: 154

Merit: 100

bitcoin supporter

Yes, he is too old to understand technology.

neordicICE

hero member

Activity: 505

Merit: 500

Quote from: manselr on June 23, 2015, 11:44:45 AM

Here's Warren Buffet demonstrating once again why he has to be ignored when it comes to anything that has to do with technology:

http://www.youtube.com/watch?v=nrSB1sLgWLE

Would you trust your grandpa in how to operate your computer? Same shit.

Nope, grandpa cant ever go near my computer. He still has a pager actually. Warren did his thing, got lucky and is a smart guy but he's a dinosaur now and on his way out. He's vies on Bitcoin hold no weight with me.

manselr

legendary

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Merit: 1004

Here's Warren Buffet demonstrating once again why he has to be ignored when it comes to anything that has to do with technology:

http://www.youtube.com/watch?v=nrSB1sLgWLE

Would you trust your grandpa in how to operate your computer? Same shit.

kenbytes

sr. member

Activity: 392

Merit: 250

I wouldn't expect W.Buffet has have any idea what bitcoin is, or why he should invest in it. He's the world greatest investor in the things that he know

wasref

hero member

Activity: 555

Merit: 500

Quote from: bitcoin revo on June 11, 2015, 09:34:51 AM

Dream big and do what you want, regarldess of what others say. Guys like Steve Jobs, Bill Gates, etc etc would never of had success if they had listened to all the negative voices who told them their projects were stupid.

yes with you there warren buffet aint always right look how much he lost on tesco

pigzone

newbie

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Merit: 0

The man's 70, he's not a techy, obviously he'd say something like that.

neordicICE

hero member

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Merit: 500

If he said stay away I'd say that a sign to be buying.

Bitcoininspace

sr. member

Activity: 574

Merit: 250

Quote from: vvv8 on December 26, 2014, 05:55:03 PM

This old man isn't tech Savvy , and doesn't understand the true potential of bitcoin .

Therefore , he can stay sat in a corner letting hot air slip between his crinkled nasty ass for all i care .

Unless you understand something , don't try or pretend to be an expert

i think he's in on a joke tho

somehow I am glad bitcoin is hard to understand and needs a lot of reading for someone to completely understand it and give a judgement on it afterwards. I mean, it's their loss right? I've tried to get friends interested in it but only a few have bought in and only a few have over a whole bitcoin. Hope those friends won't be disappointed in the future and I hope the ones that never took the time to care about btc at all will be disappointed they didn't buy later.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: neordicICE on June 21, 2015, 08:23:44 PM

And I say "forget that old guy" He's so old he cant understand something as complex as bitcoin.

There is nothing complex about understanding how Bitcoin transactions and the blockchain works.
He will not be forking it, so he doesn't need to know the technical things behind it.
I am sure his tech experts have already told him about what he needs to know.
So, all he needs to know is how you can use Bitcoin as a currency, which is very easy to understand Wink

Chances are (and as has been mentioned before) he is secretly accumulating cheap coins.

Daniel91

legendary

Activity: 3374

Merit: 1824

I really respect Warren Buffet, he is really investment genius and very successful businessman but in this case he is wrong about Bitcoin or he understand potential of BTC and because of it he is against BTC.
He was very old, and the question is how he understands the potential of new technologies in the market.
It is possible that he realizes the true potential of Bitcoin but does not like long-term consequences of accepting Bitcoin by the growing number of users, and so he is trying to stop the growth of Bitcoin.
He still represents traditional investors and the old methods of investing and probably don't want to see new players in the field.

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