Warren Buffet saids: “Stay Away From Bitcoin” - page 6.

Xenoph0bia

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Quote from: zeraTunerse on June 11, 2015, 11:09:41 AM

Quote from: bitcoin revo on June 11, 2015, 08:34:51 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.

Yeah just follow your dreams and the rest will be taken care of. You cannot expect that what buffet is saying is definitely gonna true so you just need to visualise things and make a decision on your own and just remember negative news travels faster then the positive one.

Same was the situation when computers and internet came into existence. No one was in support of both the things but it created an revolution around the world. And today it has become the basic necessity of the society you can afford to live without food for one day but you cannot live without internet.

zeraTunerse

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Quote from: bitcoin revo on June 11, 2015, 08:34:51 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.

Yeah just follow your dreams and the rest will be taken care of. You cannot expect that what buffet is saying is definitely gonna true so you just need to visualise things and make a decision on your own and just remember negative news travels faster then the positive one.

BillyBobZorton

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Quote from: jason miner on June 11, 2015, 08:45:01 AM

His reasons for avoiding bitcoin are mediocre ... hey mr.Buffet “Stay Away From my Bitcoin” Grin

I don't think he really cares at this point enough to research it and will not go outside his comfort zone. Warren Buffet said that once you reach $500 million in NW there is pretty much nothing you can't buy. With the exemption of $1.1 billion Bill Gates and the like will still have plenty of NW left to rule the world!

jason miner

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His reasons for avoiding bitcoin are mediocre ... hey mr.Buffet “Stay Away From my Bitcoin” Grin

goosoodude

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Quote from: Amph on June 11, 2015, 12:58:23 AM

Quote from: nkryptd on June 11, 2015, 12:40:29 AM

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him. If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

Even most of the people who invest in bitcoin startups don't know/understand the technical aspect of bitcoin. Imo one wouldn't need to understand the technical aspect of bitcoin to come to a conclusion about it's economical value in business.

bitcoin revo

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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.

NorrisK

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Quote from: jeannemadrigal2 on June 11, 2015, 01:14:14 AM

Quote from: Amph on June 11, 2015, 12:58:23 AM

Quote from: nkryptd on June 11, 2015, 12:40:29 AM

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him. If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

Don't forget that mr. genius originally made a fortune because he wasn't using his own money Wink

But I agree that Buffet is wrong on this one (or I wouldn't be here I guess).

Maybe he can see the potential in the blockchain technology and only sees bitcoin itself as a risk too great for him? Wasn't he always in low risk investments?

jeannemadrigal2

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Quote from: Amph on June 11, 2015, 12:58:23 AM

Quote from: nkryptd on June 11, 2015, 12:40:29 AM

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him. If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

Don't forget that mr. genius originally made a fortune because he wasn't using his own money Wink

But I agree that Buffet is wrong on this one (or I wouldn't be here I guess).

Amph

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Quote from: nkryptd on June 11, 2015, 12:40:29 AM

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him. If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

nkryptd

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This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him. If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

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Quote from: ijphlrnxewho on December 26, 2014, 04:23:00 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?

bitcoin could go either way still. really we are waiting on the collapse. he doesn't mention that. not sure i can listen to someone who doesn't mention the collapses.

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Quote from: manselr on June 10, 2015, 11:17:12 AM

Quote from: wearepoor on June 10, 2015, 08:31:41 AM

Quote from: Q7 on December 26, 2014, 10:15:05 PM

Everyone has a right to his own opinion.
Everyone can say what they want to but whether you want to believe in it is up to you.
But nobody can predict anything with 100% accuracy. Even the best mind made wrong assumption or even decisions.

Exactly different individuals have different perceptions and different beliefs. You cannot get carried away by what Mr. Warren says It is totally individual decision whether to go with bitcoin or not. It is more important how an individual views bitcoin nothing depends on what other says.

But you have to take into account that for fiat people obsessed with dollars, the Warren's opinion is the same as people here hearing an opinion about something by Satoshi. They have these cultish personalities with tons of followers.
Like I said before, Warren just doesn't know what Bitcoin is and how to use it, so do their followers, but they'll listen to him and ignore what Bitcoin actually is.

I think its up to him and his followers what they want, because bitcoin is developing now. Their mindset can be changed if world people begin to use it and get many advantage from bitcoin.

manselr

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Quote from: wearepoor on June 10, 2015, 08:31:41 AM

Quote from: Q7 on December 26, 2014, 10:15:05 PM

Everyone has a right to his own opinion.
Everyone can say what they want to but whether you want to believe in it is up to you.
But nobody can predict anything with 100% accuracy. Even the best mind made wrong assumption or even decisions.

Exactly different individuals have different perceptions and different beliefs. You cannot get carried away by what Mr. Warren says It is totally individual decision whether to go with bitcoin or not. It is more important how an individual views bitcoin nothing depends on what other says.

But you have to take into account that for fiat people obsessed with dollars, the Warren's opinion is the same as people here hearing an opinion about something by Satoshi. They have these cultish personalities with tons of followers.
Like I said before, Warren just doesn't know what Bitcoin is and how to use it, so do their followers, but they'll listen to him and ignore what Bitcoin actually is.

wearepoor

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Quote from: Q7 on December 26, 2014, 10:15:05 PM

Everyone has a right to his own opinion.
Everyone can say what they want to but whether you want to believe in it is up to you.
But nobody can predict anything with 100% accuracy. Even the best mind made wrong assumption or even decisions.

Exactly different individuals have different perceptions and different beliefs. You cannot get carried away by what Mr. Warren says It is totally individual decision whether to go with bitcoin or not. It is more important how an individual views bitcoin nothing depends on what other says.

BitmoreCoin

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Quote from: Argwai96 on June 01, 2015, 12:35:31 PM

Warren will be die when BTC touches $1000 again!

Maybe when BTC is $10,000.

b-trading

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Quote from: Netnox on February 19, 2015, 01:09:42 PM

Because he is scared.

yes of course buffet is scared about something that can change the global economic system

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Quote from: aso118 on June 01, 2015, 06:30:29 PM

Quote from: pr472 on June 01, 2015, 05:38:30 PM

Quote from: bryant.coleman on February 20, 2015, 01:55:32 AM

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You don't become one of the richest men in the world by being "lucky". And to say "his IQ is much lower than that of an average investor" is laughable.

Warren just doesn't invest in what he doesn't understand. And he sure doesn't understand Bitcoin. Wink

That doesn't mean others should stay away from Bitcoin.

That is so true. Warren Buffet is the quintessential value investor of stocks. Bitcoin is not his style. Neither is FOREX, commodities, or just about anything else. He found what works for him and would be a fool to change now. Never mess with success.

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Quote from: pr472 on June 01, 2015, 05:38:30 PM

Quote from: bryant.coleman on February 20, 2015, 01:55:32 AM

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You don't become one of the richest men in the world by being "lucky". And to say "his IQ is much lower than that of an average investor" is laughable.

Warren just doesn't invest in what he doesn't understand. And he sure doesn't understand Bitcoin. Wink

That doesn't mean others should stay away from Bitcoin.

pr472

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Quote from: bryant.coleman on February 20, 2015, 01:55:32 AM

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You don't become one of the richest men in the world by being "lucky". And to say "his IQ is much lower than that of an average investor" is laughable.

Argwai96

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Thug for life!

Warren will be die when BTC touches $1000 again!

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