Warren Buffet statement again - page 4.

pooya87

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Quote from: jseverson on March 03, 2019, 09:00:10 PM

Quote from: proTECH77 on March 03, 2019, 12:35:08 PM

He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?

To be fair, this isn't unique to him, and I think it's a perfectly valid position to take. It's like saying you like the Internet but hate Google or something along those lines.

actually it is more like saying you love the internet but tell people if they invest in Google their money will be lost as Google is going to crash and burn. because that is exactly what he has been doing when every time he says things along the lines of bitcoin is a delusion and is not going to end well.

meanwords

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Let him be. At this point, people are already getting tired of him. People are to decide what he/she is going to do with cryptocurrency. I don't really like him either though. I think he is secretly trying to accumulate Bitcoin too, lowering Bitcoin's price by making bad statements.

Dudeperfect

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Well, even if he has a different opinion about the crypto industry, we cannot ignore his authority when it comes to trading and investing. I have observed that his rules and strategies also work while trading and investing in the crypto market. As far as crypto is concerned, I believe that it is necessary for blockchain projects to survive as if we are considering blockchain as the vehicle then cryptocurrency is a must needed fuel for it.

* Warren Buffett Says He Was Wrong About Google and Amazon | Fortune.

Who knows, he might say the same words regarding cryptocurrencies after the 10 years come now.

cellard

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Warren Buffet's empire depends on the USD remaining the hegemonical currency as world reserve currency, so obviously he's going to criticize anything that could challenge this status quo. It doesn't matter if it's China, Russia, or anything else, it really doesn't matter.

His argument seems to be that he doesn't think Bitcoin has any value because it doesn't produce anything. It seems for him if an investment doesn't deliver dividends it's useless.

jseverson

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Quote from: J. Cooper on March 03, 2019, 01:59:31 PM

Would you care to provide us with a source of this statement?

Here you go:

https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

Quote from: proTECH77 on March 03, 2019, 12:35:08 PM

He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?

To be fair, this isn't unique to him, and I think it's a perfectly valid position to take. It's like saying you like the Internet but hate Google or something along those lines.

Ucy

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Compare rates on different exchanges & swap.

What exactly does the unique value mean? I thought value depends on how much useful something is to people? The price would not have risen to this hight if it were not that useful.

More work needs to be done though. We need to get more businesses and people to Bitcoin to make it more useful. I think this depends on the media and developers. Negativity is bad for adoption.

Lest i forget...
Let see how this sounds: He praises the bottle but not the wine OR He praises the skeleton but not the flesh.

dulinivanrus

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I can say that this is great man but its not intresult new technology and it's old principles. His opinion means nothing.

pixie85

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Quote from: J. Cooper on March 03, 2019, 01:59:31 PM

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.

Would you care to provide us with a source of this statement?

But regardless of that, I don't know why we should give his opinion a lot of attention. Especially since he doesn't have anything interesting to say about bitcoin and has the same opinion as pretty much everyone else in that sector. Sure he has proven to be successful in the past but that doesn't make your opinion on a new technology any more valuable than anybody else. We also know that bitcoin is something Buffet wouldn't naturally invest in since bitcoin doesn't produce income, so it's only logical that he doesn't have anything positive to say about bitcoin.

It's not difficult to find it online
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

Warren and his company have a history of missing technology bull runs. He's not a tech investor! Asking him if Bitcoin is good or bad is like asking a house electrician to fix your PC. He might have a general idea but he's not an expert.

teejayrichard2

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well if you have been in the crypto community for long, by now you would have learned how to pay deaf ear to negative words from people about bitcoin. Everyone is entitled to his or her own opinion and Warren Buffet is not left out. He can choose to say positive or negative things about bitcoin, that is his own opinion. We have seen so many people say stupid things about bitcoin but bitcoin always comes out stronger.

J. Cooper

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Alea iacta est

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.

Would you care to provide us with a source of this statement?

But regardless of that, I don't know why we should give his opinion a lot of attention. Especially since he doesn't have anything interesting to say about bitcoin and has the same opinion as pretty much everyone else in that sector. Sure he has proven to be successful in the past but that doesn't make your opinion on a new technology any more valuable than anybody else. We also know that bitcoin is something Buffet wouldn't naturally invest in since bitcoin doesn't produce income, so it's only logical that he doesn't have anything positive to say about bitcoin.

Tham85

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Il n'est évidemment pas objectif, puisque très actif sur les marchés financiers traditionnels

xWolfx

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Quote from: baghdatis1990 on March 03, 2019, 05:22:41 AM

Warren Buffet is subjective in his statements. It's logic. Warren Buffet as well as other rich people, being some known people, just want to manipulate the masses of people. They are known to strongly influence people crypto-passionate. They just want the crypto coins to become very cheap for then these rich people to buy and make big profits. That's all about it.

Not only people inside this community but everywhere i would say. You don't get to be that rich without making some contacts along the way also.

Now, some people prefer fame and being a public figure like him and others don't. I would be exactly like the second one if that ever happened, probabilities are not in our favor but we'll see.

If he likes Blockchain technology that's enough from my point of view. It should definitely be praised and not bundled with crypto everytime, precisely because they are two different things in the sense of what you can accomplish with each.

Capt00

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Quote from: bL4nkcode on March 03, 2019, 11:38:27 AM

<....>
If you make a move of selling your coins because of the words of this old man then its your loss not ours.

Well, I won't.
Since last year that old man keeps saying and predicting regarding possible happen on Bitcoin price but nothing happens. Besides, he was laughing at. Perhaps that old man has big shares from whales to keep spreading FUMO news to have a panic selling from weak hand holders.

Well, let's focus on how Bitcoin works we can ignore them.

proTECH77

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Quote from: Tham85 on March 03, 2019, 11:49:29 AM

Il n'est évidemment pas objectif, puisque très actif sur les marchés financiers traditionnels

Its better not to spam the thread as this thread is specifically for English speaking Bitcointalkers and for Local Board.

Quote from: TheCoinGrabber on March 03, 2019, 09:48:31 AM

Maybe he's a very conservative investor? He definitely understand what the blockchain is so I don't understand why he can't see the benefits of bitcoin.

The only reason I can think of is he was not that comfortable with the risk or long hodl or he already invested and don't want to hype it while he can still keep buying more.

Only a fool will say such things about Bitcoin. He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?. They have failed totally to Bitcoin because all their hatred to Bitcoin is meaningless, as we stick to it existence. Maybe its time for him to have his own coin like J.P Morgan does.

bL4nkcode

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Limited in number. Limitless in potential.

He's been talking from the very beginning when bitcoin reach high value or even it reach its lowest price. You can expect to hear from him another synonyms delusions soon. People are already done with his words so let him say what he wants.

If you make a move of selling your coins because of the words of this old man then its your loss not ours.

LUCKMCFLY

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Quote from: arpon11 on March 03, 2019, 10:35:12 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.

Maybe we have over rated him of having effect on the cryptocurrencies pricing but I think his statement is not the reason why bitcoin is not doing well now. He is free to said whatever he thinks are right but I disagree with those statements and I believe that many of us here knows bitcoin has values and it is not a delusion. Since we know that bitcoin is now contributing to our finance and economic I think those statements are made with something in mind and that is to create FUD.

I have read some Warren Buffet books, he is a genius guy, but his advice is focused on Stock Market, maybe some of his advisors do not look with Bitcoin very good, since it is difficult even for him to apply what he knows, due to the high volatility of the market.

However, we can not forget that when there is bad news, it can be accompanied by good things, that is, with bad news, people get scared, sell cheap, and since we are in a phase of accumulation, the Strong Hands are most likely to be buying cheap to keep accumulated bitcoins, if so, the uptrend process may come much faster.

arpon11

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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.

Maybe we have over rated him of having effect on the cryptocurrencies pricing but I think his statement is not the reason why bitcoin is not doing well now. He is free to said whatever he thinks are right but I disagree with those statements and I believe that many of us here knows bitcoin has values and it is not a delusion. Since we know that bitcoin is now contributing to our finance and economic I think those statements are made with something in mind and that is to create FUD.

SiDtHeBeSt

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Very similar to when JP Morgan Ceo had his statement against bitcoin saying " Bitcoin is a pyramidal scam " and I guess it was found that many of his employees and himself had investments in Cryptocurrency. Maybe Warren Buffet is doing the same or maybe he is not he is considered to be one of the best investors and is also an ideal for many including me.

Here is the link to his statement to CNBC:
Warren Buffett explains one thing people still don’t understand about bitcoin

BrewMaster

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Quote from: muratsink on March 03, 2019, 09:42:19 AM

Quote from: jeromix on March 03, 2019, 09:33:42 AM

LOL, it his character and attitude and we could not change his ways and syrategy. Besides, he is only stating his opinion and that is not wrong for we have the freedom.of expression. Wether it could affect btc market price or not we should be thankful that btc has been talk over to which it could attract other people to join the crypto world.

if we let him and don't warn him, then he will continue to spread the FUD, and influence others, I'm afraid his statement will be accepted by fools who don't understand the crypto system.

and finally FOMO will weaken the crypto market. then, he can also make every user become panic.

if someone is panicking based on this guy's words alone then there is nothing you can do to stop it from happening, also they will be panicking and FOMOing with pretty much everything else so again there is no point in discussing about this topic and these people specially since they don't have any effects in the market's future!
they are what we call "weak hands" and we all love them because they give us profit Wink

TheCoinGrabber

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Maybe he's a very conservative investor? He definitely understand what the blockchain is so I don't understand why he can't see the benefits of bitcoin.

The only reason I can think of is he was not that comfortable with the risk or long hodl or he already invested and don't want to hype it while he can still keep buying more.

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