Topic: Warren Buffet statement again - page 3. (Read 17690 times)

well, this is not the first time Warren Buffet and so many other people are saying negative things about bitcoin and despite what they say, we see nothing but growth in the strength of bitcoin with its acceptance and adoption spreading like wildfire. I believe with time Warren Buffet will realize the statment he made about bitcoin is wrong. Time will tell though.

I dont get this person, blockchain was deliverably made for crypto and the very first one that was made was Bitcoin, maybe this dude is a delusion himself.

I agree with you, i don't care about Warren Buffett's bad opinions about the bitcoin and any other related with the cryptocurrencies, just because he had been successfull in the stocks market does not mean he will be successfull in cryptocurrencies, because actually he don't know anything about the cryptocurrencies. He just want make the price of bitcoin to be more cheap then he will buy bitcoin for him self. The industry of bitcoin and cryptocurrencies will be successfull in the future.

He praised Blockchain technology but he ignores Bitcoin, this is radiculas from the point of view. This type of person should be avoided and  shouldn't heed upon their words.

He got his immense success being an old school and as such he is very skeptical with new technologies especially those having some downsides or dark sides (with cryptocurrency these can be the scams which many perpetrated dragging along the good name of the industry). I read somewhere that he failed to invest in Facebook and Google in their early years all because of his dislike with new technology or trend. Anyway, I am sure that Bitcoin and the whole cryptocurrency industry does not need the attention and advice of Warren Buffet and in the same manner he does not need this industry as he is already very rich no matter what will happen to the global economy. Let's just leave things at that.

Well you can't really control statements from such a prominent figure. A lot of people look up to warren buffet since he is a guy who knows how to handle business and his status will show for that. Aside from his critisizms on bitcoin, he's a guy you'd want to take advice from when it comes to money.

Warren Buffet has lost plenty of money. Being a value investor means that you will lose money. When he bought a ton of shares of the Washington Post or the New York Times (I don't remember, it was one of the currently huge newspapers) he lost money for the first couple of years and then years later he obviously was high on the greens. If you don't sell you don't lose money. Warren Buffet believes in patience and studying and understand the fundamentals. The big problem with Buffet is that he doesn't understand the fundamentals of Bitcoin. If he did, he would understand the fact that blockchain without Bitcoin has no fundamentals basically. This is a huge mistake by most mainstream figures. They are the ones that will keep asking why Bitcoin keeps hitting all time highs if it has "no value".

He lost z lot of money recently when heinz plummeted so he is in a bad mood. Later he will invest as bitcoin outpaces stocks

That's the reason why the market is falling, after quoting these statements we are spreading FUD in the market.
Let them do whatever they want, it's their own point of view, but by sharing these statements across internet you are spreading FUD among the new users.

Sometimes you have to follow people like him to monitor your enemy and to react on their strategies to destroy you. A lot of people like to kiss rich people's asses, because they admire their money and their power. I like to bring them down to earth, because their shit stinks too.

Money does not make the man.     So, follow them, analyse their strategies and counter comment on their stupidity.  

That's just Warren's speculation. He doesn't see a balance sheet or profit and loss statement for Bitcoin so he doesn't see value in it.

he is a man from traditional finances so he doesn't like innovations like bitcoin that disrupt his traditional vews.

Isn't Warren Buffet famous for saying "Don't lose money!"? He does seem to be into what they call "value investing". Maybe that's why even when he acknowledges the benefits of a blockchain, he's not enthusiastic with the idea that one can "lose" money in bitcoins and may have to wait years for the value to go back again to what it was on entry. I do know people like this, those who don't want their money "sleeping".

his opinion in technology world means nothing. he is guru of finance world, but have no clue about computer's world simple as that. its same as he would speak as expert on mallet throwing contests.

I think you are missing things up. The statement by Warren is not what is making the price of bitcoin or crypto falls but the reaction of the market participants to such information which makes the aftermath of his statement a bleeding state for crypto. The point is if everyone should just continue their activities like normal before the said statement, it would only mean a mere expression of opinion on the part of Warren and that would continuously guides is way of talk.

Yes the blockchain project itself is a great technology but trying to separate the two from each other completely is going to be an illusion on its own in my opinion.

I also hate him for criticizing bitcoin and always giving bad review about bitcoin but that's just being him. I realized that I shouldn't hate him just for doing that and there's an idea that starts to build on my mind that he's probably acting like Jamie Dimon.

He calls it whatever he wants and it's always televized, written on news article, etc. Good or bad publicity for bitcoin is still publicity which I'm taking the good part of it. Maybe, he's too old enough to understand bitcoin and he's really sticking to his tasted way of investing.

Luckily, in this case, it wasn't hard to find. But usually, if you want to discuss a certain statement you link the source in the original post. This makes it easier for people to check the context and makes sure everyone is discussing the same statement.


Exactly my point! And that is why we shouldn't give his opinion any more importance than someone with the same level of expertise simply because he made a lot of money from investments that are fundamentally different from bitcoin.
His investment strategy made him miss out big time on technology bull runs but that doesn't mean he hasn't changed his opinion. In fact Bufett's Berkshire Hathaway currently owns a 5.22% stake in Apple. So it's totally possible he will change his opinion on bitcoin as well. Only time will tell.


That's a valid question. I am guessing you are referring to intrinsic value as opposed to 'monetary' value. You can't deny bitcoin has monetary value because there's a demand for it and it's accepted as payment in hundreds of stores off- and online. Intrinsic value is a tougher nut to crack. This is where lots of people disagree. For someone as Buffett who lives in a first world economy, it's a lot harder to see the intrinsic value that bitcoin offers but as soon as you go to economies who don't have a  'stable' national currency or access to services like PayPal, Chase or QuickPay the intrinsic value becomes a lot more clear.

Warrent Buffet just state his opinion about Bitcoin and whatever he says doesn't reflect Bitcoin or maybe he is just spreading some FUD because he plans to buy a big amount of Bitcoin since he is a business man who always looks for a profit.

Majority of people would still believe in his statement because he is a successful businessman and he is a mirror of success.
Some investors would not, including me of course, because I've been here in crypto for many years and I've proven that those who publicly criticize BTC are  wrong most of the time.

The point is bitcoin and blockchain will Continue to exist and get better without this person. And I don’t think his opinions matters especially the ones that are against bitcoin. For a decade bitcoin has been okay and moving without the help of its critics so it will continue to keep growing. What you should think is that at every bad news released or FUD created always give room for more people to invest into it. So the choice is yours t make.