Warren Buffet statement again | Bitcointalksearch.org

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Quote from: EXtremeAEX on April 18, 2019, 10:51:24 AM

Quote from: muratsink on March 02, 2019, 06:09:33 PM

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

Yes, I agree that he is not objective. Warren Buffett makes statements according to his own plans. I'm sure that he will certainly benefit when he makes such statements. And the only thing we can do is not to attach great importance to his words. Over time, he will simply lose his authority and then his statements will have no power at all.

Why taking his words if you fully believe in things that you are supporting, there's no weight if you trust your investment, he's a man who knows how to play with people's emotions, we are not sure if how he really treated crypto/Bitcoin but it won't affect anyhow if you know what you are investing in, as in the end of the day it's you who will be in charge or your money.

EXtremeAEX

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Quote from: muratsink on March 02, 2019, 06:09:33 PM

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

Yes, I agree that he is not objective. Warren Buffett makes statements according to his own plans. I'm sure that he will certainly benefit when he makes such statements. And the only thing we can do is not to attach great importance to his words. Over time, he will simply lose his authority and then his statements will have no power at all.

mohammedmattar

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Quote from: muratsink on March 02, 2019, 06:09:33 PM

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

I read some of Warren Buffett's views but did not understand his motives or justifications
It also has negative views on gold as a non-productive asset
he tilted to the stock is if its price is good
through this information I can say that he is talking about guessing and not the opinion of economist warren Buffett
however, this has a negative effect on btc even if it is limited.

adzino

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Warren Buffet is one of the biggest investor in the world and I am sure. He is somewhat right about bitcoin, even though I don't totally agree with him. Investors such as him and other millionaires usually look for safer ways to invest their money while bitcoin market is very volatile and it doesn't promise them anything for the future. That's probably why they don't recommend bitcoin as a good investment for people.

Or that guy is just spilling out all those bullshits on purpose to cause confusion among people so that the price remain low and he can still invest on crypto currencies behind the back of the people when the price goes down. Irony, he called people who believes on bitcoin "delusional". Trust me, his opinion does not matter at all in case of crypto currencies. He is just a fiat lover and knows that bitcoin will eventually take over and this is something he can not accept so keeps on spreading his negativity all around.

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Quote from: BitBustah on April 10, 2019, 09:48:10 AM

Its obvious that Warren Buffet stands to lose a lot if bitcoin really does succeed as a global currency, a lot of his holdings are in banks.

He has never been one to invest in technology either, he mainly focuses on insurance companies, fast food, manufacturing, etc. He is the first one to tell you that he won't invest in a field he doesn't understand.

It then obvious that Warren is already loose at as we speak because he hold alot of shares in some well knew Bank and industries and with bitcoin giving people the independent they needed while the Banks profit are cut short while Warren also earn some profit through Banks, we shouldnt expect him to say something good about bitcoin.

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I respect Warren Buffet a lot, I read his books and they are masterful, in reality he is a big investor, of course, everything is based on the Stock Market, this is very different from everything that the Crypto market entails and all the variables that affect the bitcoin.

I think he would affirm such statements, because he does not see a backup with bitcoin liquidity, he does not see it as something safe, as maybe the actions of Walt Disney, General Electric, but in the Crypto world everything is handled under the offer and demand, I believe that these parameters are what cause insecurity to an Investor as important as him.

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Quote from: muratsink on March 02, 2019, 06:09:33 PM

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

He can say what he wants to say but Bitcoin is moving forward and moving nicely, and because of his old age, he will never get to see the full adoption of Bitcoin and when it finally hit an all-time high, who knows maybe he will be the only guy on this planet that still do not believe in Bitcoin.

BTCevo

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There is so much respect for Warren Buffet in respect to making financial decisions. But he is just human and he can make mistakes. Maybe this time, he is making a mistake in making statements like that about bitcoin.

What I do know everyone has their own mindset in seeing bitcoin, some people seeing this as a big opportunity and some see this as a high risk. But to think a man like Warren Buffet not to invest in bitcoin then it is his decision to make. He wants to invest into something that he really know to make sure he understand how his investment goes. You can see his portfolio that he does not invest into any single tech company

DreamStage

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Well he is just another person who tries to make Bitcoin down by trying out some fake statements (non proved?)

Many tried and failed... So why do you care about such discussion Roll Eyes

The only thing you need to worry about is the real market situation and look for some important news in which investors might look at.
Take some feedback from them and try to think objectvely on when price would rise suddently and when not.

That could help you win some profits way before investors start their pumps.

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Quote from: muratsink on March 02, 2019, 06:09:33 PM

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

You don't need to hate someone because they don't believe in cryptocurrency as you do. That's being emotional and emotions don't win when it comes to business or trading. I somehow agree with people who praise the blockchain but criticize Bitcoin. It's commonsense that blockchain has other applications outside cryptocurrency such as in Accounting. So, if we think Bitcoin is not static and is highly erratic, then there is no harm in taking that position. Even if someone calls it a bubble there is still nothing out of the ordinary. After all did Bitcoin not crash from $19k+ to $3k?

BitBustah

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Its obvious that Warren Buffet stands to lose a lot if bitcoin really does succeed as a global currency, a lot of his holdings are in banks.

He has never been one to invest in technology either, he mainly focuses on insurance companies, fast food, manufacturing, etc. He is the first one to tell you that he won't invest in a field he doesn't understand.

pundit

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Warren Buffet may be legend in his field but he is not only the legend of financial market.He is free to express his opinion but it is not certain that he is always right. Bitcoin is continuously growing since 2009 despite of such statement by big banks and market legends like Warren Buffet. He might have studied about blockchain technology but may not be aware about acceptance of BTC by a large number of people in the world. Bitcoin carries a real value and can be exchanged with any currency, Warren Buffet should learn it.

jakezyrus

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I think Warren Buffet said that because he is so frustrated on his big loss. It is a huge money that he loss so I understand that he is angry and the only thing that he do is to say something bad fo bitcoin and crypto to make he feel well. He is popular man so he can influence and discourage more people to hate bitcoin and other crypto. But if you have your own perception no one can change your mind in investing in crypto industry.

that will still be a bad move to blame bitcoin and cryptos . its not the cryptos fault on why he loose because he didnt force to invest here at the first place . he invest on his own .

warren b. is an intelligent person because he is a profesional but why he didnt consider the risk on investing in cryptos ? he didnt know that cyptos are too volatile . he maybe famous and he can influence other people especially newbies but for us veterans no one can change our minds .

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Warren buffet is right and wrong.

He's wrong because bitcoins value is real, it's not an illusion, anymore than the dollar, pound, or euro is an illusion.

He's right in that most of bitcoins value does not come from making the world a better place or adding real utility to the world.

Most of bitcoin's value comes from expanding the money supply and thus stealing it from others via inflation.

To be fair, bitcoin does add value by making it easier to move money around. It's just not clear to what extend bitcoin's marketcap is due to added value versus expanding the money supply.

The other problem is that bitcoin's theft via expanding the money supply is not a zero sum game. Most of it is wasted in electricity costs. Whereas when the government steals via inflation by printing money, their printing press doesn't cost as much to run.

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Most of these large influential people like Warren Buffet and Bill Gates have admitted their admiration for the Blockchain technology yet do not like Bitcoin. However, crypto users must not brood much on their statements against Bitcoin because Bitcoin does not need Bill Gates or Warren Buffet in order to survive on the market although their influence can cause a change in BTC price trend.
Bitcoin has survived and made an all time hit of $20K without the help of these public influencers.

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Quote from: pat4cryptoreal on March 16, 2019, 01:33:22 PM

Warren Buffet is a respected person globally but this does not means that any thing He says about bitcoin will have influence in the price of bitcoin. There is no good investor that will sale off his or her bitcoin just because of what He is saying.

It is true that Warren Buffet is a famous person, one of the richest people in the world, very smart, but I see there is dislike for bitcoin, so whatever he thinks about bitcoin is always negative.
Even though on the other hand many have benefited from bitcoin transactions or investments, indirectly denied his statement. Bitcoin is a digital currency that has been recognized by more than 130 countries, meaning it is actually beneficial to many people.

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Because he knows bitcoin will make the traditional investment as nothing when it has grown into mass adoption and I guess he didn't have enough strategy to survive the real decentralization so he want to buy more BTC for the cheap price by giving bad opinion to the people about bitcoin.

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Quote from: ChrisPop on March 17, 2019, 08:02:04 AM

All the respect for Warren, but heis too old to understand Bitcoin and blockchain technology. At least from my perspective his opinion does not matter in the crypto space. Bitcoin will flow to its destiny with or without Buffet's "approval". Also he might criticize BTC just to influence the price in some way. Create some kind of panic, but Idk who would dump his/her bitcoins due to dinosaur's "advice".

Crypto isn't that difficult to udnerstand, warren is heavily invested in banks and trditional financial companies. He stands to lose a lot of money for his investors if crypto continues to grow. I'm not sure what even heekps this guy going, I think any sane person would be fine with a few billion.

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Quote from: FIFA worldcup on March 17, 2019, 09:28:30 AM

Quote from: bitcoinisbest on March 17, 2019, 07:55:47 AM

Quote from: Indamuck on March 16, 2019, 09:45:53 AM

Warren Buffet is a long term investment and doesn't care about dips. Every investments has dips, nothing will just constantly keep rising. He has a never really been an investor in technology companies because he says he doesn't really understand them. This is why he passed on Amazon and Google. Only recently has he invested in Apple but that is because he sees it more as a retail business.

Crypto is also a long term just like how Buffet chooses his stock on along term horizon. People who want quick money here buys at high and then when market falls consider it as a bubble or like will reach 1k etc. They do not understand that even the top billionaire does invest in market when it is available at cheap prices.

Forget about warren Buffet or any other leader of the crypto world. If you have trust in crypto, then you should always hold the crypto. The best thing is to buy when the prices are cheap. You will get to see many views that crypto is dead when the prices are low. Just ignore such voices and buy more crypto when it is cheap.

Well first, warren buffet isn't any leader of any cryto faction. He doesn't trust bitcoin and pretty much anything associated with it for now. The guy's an old school investor that made a lot of money so in a way he knows what he's doing. He probably just isn't comfortable with crypto that's why he keeps in making negative statements about it.

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Quote from: bitcoinisbest on March 17, 2019, 07:55:47 AM

Quote from: Indamuck on March 16, 2019, 09:45:53 AM

Warren Buffet is a long term investment and doesn't care about dips. Every investments has dips, nothing will just constantly keep rising. He has a never really been an investor in technology companies because he says he doesn't really understand them. This is why he passed on Amazon and Google. Only recently has he invested in Apple but that is because he sees it more as a retail business.

Crypto is also a long term just like how Buffet chooses his stock on along term horizon. People who want quick money here buys at high and then when market falls consider it as a bubble or like will reach 1k etc. They do not understand that even the top billionaire does invest in market when it is available at cheap prices.

Forget about warren Buffet or any other leader of the crypto world. If you have trust in crypto, then you should always hold the crypto. The best thing is to buy when the prices are cheap. You will get to see many views that crypto is dead when the prices are low. Just ignore such voices and buy more crypto when it is cheap.

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