Topic: WARREN BUFFET says Bitcoin won't end well - page 2. (Read 3834 times)
I think everyone has the insights about the future of the Bitcoin. Businessman who has great experience and success when it comes in Investing, as what they see about bitcoin is it is only a shining object that anyone can buy or Invest without really a proper education not like real state or like stock market.
he is the oldman but have a big experience man. i believe him
"Stay away from bitcoins," Warren Buffet said. I was curious that he understood the idea of the power of a very good brand, but he discounted the bitcoin brand. Bitcoin is the last item in which about the feature set you can copy it exactly (litecoin, etc). Currently, bitcoin is not over, so please be patient until Bitcoin finishes, then give us some subjective comments. It's easy to look back and see the profits of big technology companies and say that it has no dumb investment, but you will have to know enough to choose those companies in the hundreds of failures.
What is your opinion as per Warren buffet statement, he is a wealthy giant globally he told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,"
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
I think no one can predict bitcoin correctly. because bitcoin can drop and rise suddenly without controlling. because bitcoin is decentralized it cannot be monopolized by anyone. and in investing in cryptocurrency we cannot trust anyone. we must be sure of ourselves. so we have to learn a lot and read about bitcoin and cryptocurrency so that we are not easily influenced by FUDs or people who don't like bitcoin. I am optimistic that cryptocurrency is something that is good and will continue to exist forever. cryptocurrency will not end.
What is your opinion as per Warren buffet statement, he is a wealthy giant globally he told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,"
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
Actually, what Warren Buffet including Bill Gates trying to say is that Bitcoin investment is very risky which is true but there is no investments of today that there is no risk including their investments.Therefore the risk is always there and all we need to do is to find ways on how to reduce or avoid the risks of every investment.
Not everybody wants to have their savings, in an asset that fluctuates so much in a short period of time. And there are many people that don’t care about the volatility, because they trust the project and the future of BTC. His remark didn't really matter me.
The problem is the volatility at short period of time. But I’m sure in the near future when theres not,that volatility. It’s gonna change our way of doing many financial transactions. Meanwhile, there’s just people that have it and like it, and others that don’t. It’s simple.
Each individual has a different view due to their different experiences. Warren Buffett had been working with stocks markets that was under strict regulations of the states. Bitcoin, in contrast to the strict-regulated stock markets, is decentralized. I think it's the reason he didn't have an optimistic attitudes torwards Bitcoin as well as cryptocurrency.
He has it half right. He understands Bitcoin's value as a decentralized payment system, he just doesn't understand what bitcoin is backed by, or why it is unlikely that it will be supplanted by some other crypto coin.
It's not Warren Buffet's style to even invest in Tech. He goes after companies with low P/E valuations. He would never buy Bitcoin, at least not in his remaining lifetime.
I guess he still wanna buy more. 
More than 90% of the people who give these type of statements are the ones who want to buy more and more.
More than 90% of the people who give these type of statements are the ones who want to buy more and more.
he says its value is a joke, he doesn't understand bitcoin so he should just not comment on something he doesn't get, according to him bitcoin should be worthless.
Well, all of us cannot really tell what will happen in the future but I have a strong feeling that bitcoin will not end next year or in the coming more years, bitcoin will continue to survive.
Warren Buffet is a good man, a good man always knows his limitations.
he says its value is a joke, he doesn't understand bitcoin so he should just not comment on something he doesn't get, according to him bitcoin should be worthless.
It's his opinion. Everyone of us are entitled to our own opinion. Hopefully, since he is good in the market and economy thingy, the other way may come around.
It's curious to me that he understands the idea of the power of a brand so well, yet he discounts bitcoin's brand. Brands have the most power when there is the least differentiation in features, like his beloved sugar water, i.e. in commodities. Bitcoin is the ultimate commodity in that in terms of the feature set you can clone it exactly (litecoin, etc). Once established, there will be no unseating it as long as it can grow, as did Ethernet or other widespread standards, to keep up with alternatives.
He says bitcoin is simply a new, more efficient way of transmitting money. He's not discounting the usefulness of it... just that it doesn't necessarily make a sound investment.
He didn't dismiss it, he just didn't understand it enough to put his money into it. It's easy to look back and see the returns of the big tech companies and say it was dumb not to invest, but you would have had to know enough to pick those companies over the hundreds that failed.
It's curious to me that he understands the idea of the power of a brand so well, yet he discounts bitcoin's brand. Brands have the most power when there is the least differentiation in features, like his beloved sugar water, i.e. in commodities. Bitcoin is the ultimate commodity in that in terms of the feature set you can clone it exactly (litecoin, etc). Once established, there will be no unseating it as long as it can grow, as did Ethernet or other widespread standards, to keep up with alternatives.
Bitcoin has much more going for it than just a strong brand. It has the widest distribution and usage of any cryptocurrency and is backed by a well-developed economy and ecosystem.As you said, as long as bitcoin continues to grow, the network effects that support it will ensure that it continues to dominate the cryptocurrency space.
There is truth in his words. If you look at what is happening in the market, you can be horrified. There is a huge number of new projects, and blind investors continue to invest in them. Of course, this situation will not last long and will lead to a bad result. But not for bitcoin.
Warren Buffet said that bitcoin won't end well because he thinks that it is just a bubble which is theoritically wrong. He just don't appreciate intangible investments like cryptocurrency and interested to those tangible asset and businesses. It is just his intuition about bitcoin since the volatility is really high and might crash one day which i think not feasible for now. Jump to: