Topic: Warren Buffet to buy Bitcoins? (Read 7043 times)
Warren doesn't invest in assets which he doesn't understand. Be like Warren.
Warren buffet is into traditional stocks more than cyrptocurrencies, they see it has it belong to the baby boomers . I have not ever heared or see any authoritative news with warren buffet on crypto market.
Warren Buffet is actually against Bitcoin and always say negative things about it. Who knows that he may have some Bitcoins secretly or may plan to acquire some, my thought is, he is too old and his thoughts is also like him so it is strange for him to get into Bitcoin. Old school guys never accept latest technology that easy. Innovative technology always far from the reach of old school guys.
That's why sometimes I don't trust the public profess of those business men in politics. Bitcoin is anonymous and anyone can hold it even while saying word against it. Who knows if he doesnt own bitcoin?
Warren Buffet is actually against Bitcoin and always say negative things about it. Who knows that he may have some Bitcoins secretly or may plan to acquire some, my thought is, he is too old and his thoughts is also like him so it is strange for him to get into Bitcoin. Old school guys never accept latest technology that easy. Innovative technology always far from the reach of old school guys.
Warren buffet still remains in formidable name as an investor that never own a bitcoin. Obviously at his age it might difficult to accept new technology believing in obvious than the abstract. His long hatred for cryptocurrency had been read in the news and article severally has it been mentioned in every of his interview. However, none of opinion even as a voice of business adviser in USA for the government could affect the coin. Am not worried but concern with his frequency on the news with similar answers and view from new investors. If any new investors who believes in the old man's cryptocurrnecy approach you on the bases of these beliefs. How will you reply?
Everybody knows what Warren Buffet will do. Only no one has his money. :-)
All of you wrong. He might be already own some handsome percentage on bitcoin. He won't announce it becoz he don't want it explode too early.
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
The issue isn't that bitcoins are risky. The issue is that bitcoins are at best an instrument/currency/commodity/tool. Buffet invests in stocks because stocks are shares of companies, and companies do things - build things - constantly produce real value by plying a trade that he can model in his head and see why it constitutes economic over-unity. Whereas, you buy a million BTC and put it in an address, and the value might go up but those bitcoins aren't doing anything. They're just sitting there like a big fried egg.But he could invest indirectly in bitcoin them by buying up bitcoin companies... Hopefully gox!
That'd certainly be something to see. I'd be surprised if it was Gox, though, given how much hot water they've hopped into lately (losing their ability to send wires, trade engine malfunctions...)Quote
Buffet invests in stocks because stocks are shares of companies
Wrong, Buffet buys companies not stocks, he has said it numerous times, his purchase mechanism happens to be via stock.
He has also said often enough that he wishes he could buy smaller companies, but can't.
http://www.investopedia.com/articles/stocks/08/buffet-investing.asp
Quote
Small Investments, High Returns
During a shareholders meeting in 1999, Warren Buffett lamented that he could generate 50% returns if only he had less money to invest. He couldn't compound $100 million or $1 billion, at a 50% rate. That's because it's the smaller, faster growing companies that typically offer the highest returns. Small capitalization stocks, however, can't help Warren Buffett. For example, if Buffett invested in a $240 million market cap company and its value doubled, the impact would increase Berkshire Hathaway's portfolio by just 0.3%. Considering the amount of research involved, it may not be worth his while. Buffett stays away from small cap stocks, despite their potential for high returns because he neither wants to cause a run up in the price of a small cap stock, nor does he want a controlling stake. (Find out why small caps have more potential for growth, read Small Caps Boast Big Advantages.)
During a shareholders meeting in 1999, Warren Buffett lamented that he could generate 50% returns if only he had less money to invest. He couldn't compound $100 million or $1 billion, at a 50% rate. That's because it's the smaller, faster growing companies that typically offer the highest returns. Small capitalization stocks, however, can't help Warren Buffett. For example, if Buffett invested in a $240 million market cap company and its value doubled, the impact would increase Berkshire Hathaway's portfolio by just 0.3%. Considering the amount of research involved, it may not be worth his while. Buffett stays away from small cap stocks, despite their potential for high returns because he neither wants to cause a run up in the price of a small cap stock, nor does he want a controlling stake. (Find out why small caps have more potential for growth, read Small Caps Boast Big Advantages.)
Warren Buffet wouldn't touch Bitcoins, because he isn't good at securing his wallet. All hacker will target his computer knowing that he would have the most Bitcoin, possible to even have more coins then the creator...
yeah last i heard he was buying Canada! LOL
Warren Buffet wouldn't touch Bitcoins, because he isn't good at securing his wallet. All hacker will target his computer knowing that he would have the most Bitcoin, possible to even have more coins then the creator...
Warran Buffer is already buying Bitcoins secretly, he will announce once he have enough Bitcoins...
That's how he usually does it yeah. Announce when the position is in place.
No chance
He doesn't get tech by his own admission....
He doesn't get tech by his own admission....
No he doesn't buy what he does not understand. Bitcoin is very different from tech companies. I'm not sure whether he understands it (but he does understand IBM apparently).
To me, banks are far more complex than tech companies btw. I doubt I'll ever buy bank stock.
ya everyone knows WB gets his bitcoins from free faucets! LOL
Warran Buffer is already buying Bitcoins secretly, he will announce once he have enough Bitcoins...
That's how he usually does it yeah. Announce when the position is in place.
No chance
He doesn't get tech by his own admission....
He doesn't get tech by his own admission....
No he doesn't buy what he does not understand. Bitcoin is very different from tech companies. I'm not sure whether he understands it (but he does understand IBM apparently).
To me, banks are far more complex than tech companies btw. I doubt I'll ever buy bank stock.
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
He meant that bitcoin is rat poison to Fiat money.
no i think he was talking about BATH SALTS! imho ..silk road gone>>we are in the clear!
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
He meant that bitcoin is rat poison to Fiat money.
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
That was Charlie Munger. Warren Buffet said he was on the fence. Bill Gates said it was a cool technology.
bs! ~he said he agreed with them...that link is hard to find. Trust me he could fat finger bitcoin "to the moon" at will!
http://video.foxbusiness.com/v/2359385547001/mungerbuffett-disagree-on-corporate-tax-rates/?playlist_id=1034196606001
Buffett - Gates - Munger on FoxBusiness begins the video speaking about Bitcoin ! Short tought !
That is pretty crazy to think, but easily verifiable by just bringing it up in conversation. I'm a teacher so get to talk with people and often new people, on a fairly regular basis. I also work at IT companies primarily. Honestly, most people have never heard of it. Some IT guys have and of all of them, none had any. I changed all that
At least a few bought a little. I bring up the price every so often. Same answer most of the time - Too expensive. They can't understand a fraction of a BTC at this point is more valuable than buying stocks.Regarding Buffet, like I said, he will buy when he is "forced" to buy. He is a part of an OLD paradigm. He will not break his method without kicking and screaming. At some point in time though, he will probably see it as successful and want in. At the same time, he is probably on the side of those who want it taken down.
IAS
Yup, yup.
Buffett is what I like to call a raider.
He would wait til Bitcoin is "over the shark" and then buy it real cheap when a crisis hits, or when alt-coins start overtaking its marketshare.
warren buffet went all in o feathercoins because he figured feathers would fall slower than bits.
April 2013 was a mini-crash. And value investors like W. Buffet always seek this kind of opportunities. The problem is, these opportunities appear once or twice every decade or so. If Buffet not invested yet into BTC, probably he missed the train! In other words, it is too late to invest for him (as you indicated he only buys on the lows). My personal prediction is that Buffet and/or any other big guy already invested BTC secretly. And we'll hear that news once the four-five digits appear on BTC
I don't think so. Bitcoin was really below the radar back then... most people had no idea what it was.
That is pretty crazy to think, but easily verifiable by just bringing it up in conversation. I'm a teacher so get to talk with people and often new people, on a fairly regular basis. I also work at IT companies primarily. Honestly, most people have never heard of it. Some IT guys have and of all of them, none had any. I changed all that
At least a few bought a little. I bring up the price every so often. Same answer most of the time - Too expensive. They can't understand a fraction of a BTC at this point is more valuable than buying stocks.Regarding Buffet, like I said, he will buy when he is "forced" to buy. He is a part of an OLD paradigm. He will not break his method without kicking and screaming. At some point in time though, he will probably see it as successful and want in. At the same time, he is probably on the side of those who want it taken down.
IAS
April 2013 was a mini-crash. And value investors like W. Buffet always seek this kind of opportunities. The problem is, these opportunities appear once or twice every decade or so. If Buffet not invested yet into BTC, probably he missed the train! In other words, it is too late to invest for him (as you indicated he only buys on the lows). My personal prediction is that Buffet and/or any other big guy already invested BTC secretly. And we'll hear that news once the four-five digits appear on BTC
I don't think so. Bitcoin was really below the radar back then... most people had no idea what it was.
Warren Buffet only buys on the lows... he will wait for the price to crash before buying it... if he ever does.
April 2013 was a mini-crash. And value investors like W. Buffet always seek this kind of opportunities. The problem is, these opportunities appear once or twice every decade or so. If Buffet not invested yet into BTC, probably he missed the train! In other words, it is too late to invest for him (as you indicated he only buys on the lows). My personal prediction is that Buffet and/or any other big guy already invested BTC secretly. And we'll hear that news once the four-five digits appear on BTC
All of these posts and no one calls out the OP on a misleading title?
OP - nice to want people to check out your thread but your title is totally misleading. Just ask the question and don't make the statement.
Regarding your intended point, Buffet and people like him are a part of the problem. He will buy BTC when he sees the wealth consiscation affecting him.
IAS
OP - nice to want people to check out your thread but your title is totally misleading. Just ask the question and don't make the statement.
Regarding your intended point, Buffet and people like him are a part of the problem. He will buy BTC when he sees the wealth consiscation affecting him.
IAS
Warren Buffet only buys on the lows... he will wait for the price to crash before buying it... if he ever does.
Warren Buffett doesn't invest in anything he doesn't understand. Warren is old, therefore doesn't understand bitcoin. QED. Thread closed
Other points brought up in this thread:
The fund manager is buying them secretly without letting Warren Buffett know. Other points brought up in this thread:
- He doesn't invest in shit that ain't got dividends, yo
- He doesn't invest in tech stocks (and I assume this extends to virtual currencies)
- He's old (said that one already, but it's a big one)
didn't you guys learn anything from investing?
you buy on bad news and sell on good news.
buy low, sell high
if you were warren buffet, with a huge amount of cash, wouldn't you WANT to first scare the sheep by stating negative comments so other people will sell? then as the big bad wolf with the money, swoop in and make the buy while its cheap since everyone is scared. then announce later your in, and watch the sheep follow you as you make even more money.
i mean thats how i see it anyways, and these same ppl are so rich they got control over the news media so they can use that to scare sheep without using their words.
you buy on bad news and sell on good news.
buy low, sell high
if you were warren buffet, with a huge amount of cash, wouldn't you WANT to first scare the sheep by stating negative comments so other people will sell? then as the big bad wolf with the money, swoop in and make the buy while its cheap since everyone is scared. then announce later your in, and watch the sheep follow you as you make even more money.
i mean thats how i see it anyways, and these same ppl are so rich they got control over the news media so they can use that to scare sheep without using their words.
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
That was Charlie Munger. Warren Buffet said he was on the fence. Bill Gates said it was a cool technology.
Warren Buffett doesn't invest in anything he doesn't understand. Warren is old, therefore doesn't understand bitcoin. QED. Thread closed
Other points brought up in this thread:
Other points brought up in this thread:
- He doesn't invest in shit that ain't got dividends, yo
- He doesn't invest in tech stocks (and I assume this extends to virtual currencies)
- He's old (said that one already, but it's a big one)
Warren is basically a Luddite.
No chance
He doesn't get tech by his own admission....
He doesn't get tech by his own admission....
Warran Buffer is already buying Bitcoins secretly, he will announce once he have enough Bitcoins...
The Rat poison comment actually comes from Buffet's long term business partner in Berkshire Hathaway (who is like the Paul Allen to his Bill Gates). Buffet seems to be more indifferent towards BTC then this partner person who seems actually hostile.
these guys have made billions exploiting the current money scheme, they love it!
The Rat poison comment actually comes from Buffet's long term business partner in Berkshire Hathaway (who is like the Paul Allen to his Bill Gates). Buffet seems to be more indifferent towards BTC then this partner person who seems actually hostile.
Buffet only invests in assets that produce something and yield dividends. He says if there is no dividend then it is not an investment but only a price speculation, or gambling. He needs to have two sources of gain: the price increase and the dividends, not just one - the price increase. His main MO is buy and hold, never sell, and just collect dividends.
Yeah, this.Buffet's verdict on Bitcoin may still be up in the air, but I guarantee that he'll never hold it as an investment, even if he decides that Gates was right and Munger was wrong. It suffers from the same problem that Buffet sees with "investing" in gold: gold doesn't do anything - at best, it's just an instrument - so the only way to profit on it is speculation. Real investment in Buffet's philosophy is buying something that is useful... for instance, a corporation, which consistently makes profit in a way the investor can understand and be confident in.
So really, the question is if/when Buffet would invest in Bitcoin-using businesses, and whether it'll happen because he added a Bitcoin-using business to his portfolio, or because one of the businesses in his portfolio started using Bitcoin on their own.
Yes, this is exactly why Buffet will not invest in Bitcoin, even if he one day looks seriously at the technology and gets it.
But what is interesting about Bitcoin is there are two aspects to investing:
1) Investing in BTC is similar to investing in Gold in that BTC is just money. It sits there and maintains value. This is the buffet limited view.
2) Investing in BTC during the startup phase is similar to investing in the Bitcoin ecosystem, and the ecosystem is very actively investing in itself and growing. This is the bitcoin believer view.
Warren buffet doesn't touch tech investments at all and besides he could buy the entire network
Warren Buffett has said before that he doesn't invest in things (technology) he doesn't understand.
I extremely doubt he understands Bitcoin, or even a computer. Man is old school.
I extremely doubt he understands Bitcoin, or even a computer. Man is old school.
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
The issue isn't that bitcoins are risky. The issue is that bitcoins are at best an instrument/currency/commodity/tool. Buffet invests in stocks because stocks are shares of companies, and companies do things - build things - constantly produce real value by plying a trade that he can model in his head and see why it constitutes economic over-unity. Whereas, you buy a million BTC and put it in an address, and the value might go up but those bitcoins aren't doing anything. They're just sitting there like a big fried egg.But he could invest indirectly in bitcoin them by buying up bitcoin companies... Hopefully gox!
That'd certainly be something to see. I'd be surprised if it was Gox, though, given how much hot water they've hopped into lately (losing their ability to send wires, trade engine malfunctions...)
OMgWB
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
Buffet is traditional. He invests based on economic value of an on-going concern. He is not a speculator the way bitcoiners are...
No, he is MOTHER TERESA ... he takes from richest and gives to poor
"yes, bitcoin is rat pison - the banks are the rats!"
saw someone post this before on this forum and I love this quote...
saw someone post this before on this forum and I love this quote...
After Fannie and Freddy... it's not just a quote.
Yay, verily!
It's pretty much policy now.
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
Buffet is traditional. He invests based on economic value of an on-going concern. He is not a speculator the way bitcoiners are...
This, and he is one of the few big investors that knows when "enough is enough". He still lives in the same home he bought for under $40k.
This frugality is to admire. It's clear he enjoyes doing business and money are a side-effect of winning. But he could surely invest some more into tech, his offices are full of CRT monitors. Use LCD goddamit, they're more power efficient. And he could also change his old car.
Buffet only invests in assets that produce something and yield dividends. He says if there is no dividend then it is not an investment but only a price speculation, or gambling. He needs to have two sources of gain: the price increase and the dividends, not just one - the price increase. His main MO is buy and hold, never sell, and just collect dividends.
Yeah, this.Buffet's verdict on Bitcoin may still be up in the air, but I guarantee that he'll never hold it as an investment, even if he decides that Gates was right and Munger was wrong. It suffers from the same problem that Buffet sees with "investing" in gold: gold doesn't do anything - at best, it's just an instrument - so the only way to profit on it is speculation. Real investment in Buffet's philosophy is buying something that is useful... for instance, a corporation, which consistently makes profit in a way the investor can understand and be confident in.
So really, the question is if/when Buffet would invest in Bitcoin-using businesses, and whether it'll happen because he added a Bitcoin-using business to his portfolio, or because one of the businesses in his portfolio started using Bitcoin on their own.
But he could invest indirectly in bitcoin them by buying up bitcoin companies... Hopefully gox!
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
Buffet is traditional. He invests based on economic value of an on-going concern. He is not a speculator the way bitcoiners are...
This, and he is one of the few big investors that knows when "enough is enough". He still lives in the same home he bought for under $40k.
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
Buffet is traditional. He invests based on economic value of an on-going concern. He is not a speculator the way bitcoiners are...
Absolutely, I agree. Everyone who is currently investing in bitcoin has one ultimate goal: cash out and collect fiat. But some people online don't expect to do that until BTC reaches $100,000 and I highly doubt that day will ever come.
QUOTED FOR ABSOLUTE BULLSHIT. Seriously, you win #1 bullshit of the year award for this statement. You said "EVERYONE who is currently investing.... has (x) goal"
That means your statement can be proven wrong with just one example.
So I present myself. QED. Bullshit called. Better luck next time bucko ;-)
(Seriously, though, you can't just get up and speak for EVERYONE. A large part of what some trolls would call the "bitcoin cult" has ultimately one goal: To absolutely destroy fiat. Completely incompatible with your claimed "goal of everyone." So I call bullshit AGAIN, since the "true believers" who wish to, **MORE OR LESS**, annihilate fiat altogether are not exactly hard to find and number in at least the thousands or tens of thousands.)
Bullshit bullshit bullshit bullshit bullshit. I mean, come on, you could not have GOTTEN any bullshittier than that. And the confidence & matter-of-factness with which you worded that statement was just plain offensive.
You missed the point. I don't care about the handful of people on this forum and on reddit who believe bitcoin is going "to da moon" and is set on a trajectory to destroy fiat and world domination; their starry eyed speculation has no basis in reality and I don't even consider them to be investors. A better term would be "wreckless gambling" or "delusional". You know, I'm happy for you. Honestly. If you really believe that bitcoin is going to destroy fiat, you obviously live in a dream world and you must enjoy it there. So more power to you.
I don't understand why someone in Buffet's position would outright never buy bitcoins. So what if it's risky? If you put 100.000 USD into it, and Bitcoin just collapses, so what? You probably have more money between your coach cussions. It's not like you'll be on the street, dancing for nickles. On the other hand, if Bitcoin goes mainstream big-time, the upside is astronomical. I don't understand this attitude.
I would love to know what George Soros thinks.
Buffet is wrong person. He is an investor, not a speculator.
Buffet is wrong person. He is an investor, not a speculator.
Buffet only invests in assets that produce something and yield dividends. He says if there is no dividend then it is not an investment but only a price speculation, or gambling. He needs to have two sources of gain: the price increase and the dividends, not just one - the price increase. His main MO is buy and hold, never sell, and just collect dividends.
Yeah, this.Buffet's verdict on Bitcoin may still be up in the air, but I guarantee that he'll never hold it as an investment, even if he decides that Gates was right and Munger was wrong. It suffers from the same problem that Buffet sees with "investing" in gold: gold doesn't do anything - at best, it's just an instrument - so the only way to profit on it is speculation. Real investment in Buffet's philosophy is buying something that is useful... for instance, a corporation, which consistently makes profit in a way the investor can understand and be confident in.
So really, the question is if/when Buffet would invest in Bitcoin-using businesses, and whether it'll happen because he added a Bitcoin-using business to his portfolio, or because one of the businesses in his portfolio started using Bitcoin on their own.
Absolutely, I agree. Everyone who is currently investing in bitcoin has one ultimate goal: cash out and collect fiat. But some people online don't expect to do that until BTC reaches $100,000 and I highly doubt that day will ever come.
QUOTED FOR ABSOLUTE BULLSHIT. Seriously, you win #1 bullshit of the year award for this statement. You said "EVERYONE who is currently investing.... has (x) goal"
That means your statement can be proven wrong with just one example.
So I present myself. QED. Bullshit called. Better luck next time bucko ;-)
(Seriously, though, you can't just get up and speak for EVERYONE. A large part of what some trolls would call the "bitcoin cult" has ultimately one goal: To absolutely destroy fiat. Completely incompatible with your claimed "goal of everyone." So I call bullshit AGAIN, since the "true believers" who wish to, **MORE OR LESS**, annihilate fiat altogether are not exactly hard to find and number in at least the thousands or tens of thousands.)
Bullshit bullshit bullshit bullshit bullshit. I mean, come on, you could not have GOTTEN any bullshittier than that. And the confidence & matter-of-factness with which you worded that statement was just plain offensive.
Buffet only invests in assets that produce something and yield dividends. He says if there is no dividend then it is not an investment but only a price speculation, or gambling. He needs to have two sources of gain: the price increase and the dividends, not just one - the price increase. His main MO is buy and hold, never sell, and just collect dividends.
This assumption is simply false. Not everyone's ultimate goal is fiat, mine is that bitcoin becomes successful and I can use it instead of fiat. I'm sure I'm not the only one around here.
Ok, sorry, not everyone, but that's what most are thinking. I personally don't want to keep my money in a currency that can swing in value 10%-50% in one day, and can be wiped out by a hardware failure or theft. At least if something happens to my USD in the bank, it's covered by FDIC insurance.
Do you think this will happen? I'd love the guy to own some 10,000 coins. Or is he too old for this thing?
Does anyone knows if he publicly mentioned anything about bitcoins?
Does anyone knows if he publicly mentioned anything about bitcoins?
He will not. Warren Buffet does not invest in new technology, he only invest in things that he can fully understand, companies with a proven track record.
His biggest holdings are: exxon mobile, coca cola, wellsfargo, IBM, walmart and american express
+1
I read this 5min ago in an article (German). He does not fully understand Bitcoin, so he won't invest (his iron rule). He is not stupid.
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins. He's just too old to believe in this type of thing.
Exactly. He's too old (ie. too wise) to invest heavily in bitcoin. Look, I hope bitcoin takes off because I would come out well, but the long term outlook for Bitcoin is still very shaky and a guy like Buffet can easily recognize that.
By any means I'm not attacking you, but everyone thinks the same. The ultimate goal is fiat.
Bitcoin will capture the value of multiple other markets which is going to make bitcoin owners wealthy. This is the truth, and the number of people who want to cash out is orthogonal to the truth.
People who want to cash out just don't understand the big picture and/or don't have the guts to play at the stake which are involved.
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins. He's just too old to believe in this type of thing.
Exactly. He's too old (ie. too wise) to invest heavily in bitcoin. Look, I hope bitcoin takes off because I would come out well, but the long term outlook for Bitcoin is still very shaky and a guy like Buffet can easily recognize that.
By any means I'm not attacking you, but everyone thinks the same. The ultimate goal is fiat.
Absolutely, I agree. Everyone who is currently investing in bitcoin has one ultimate goal: cash out and collect fiat.
This assumption is simply false. Not everyone's ultimate goal is fiat, mine is that bitcoin becomes successful and I can use it instead of fiat. I'm sure I'm not the only one around here.
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins. He's just too old to believe in this type of thing.
Exactly. He's too old (ie. too wise) to invest heavily in bitcoin. Look, I hope bitcoin takes off because I would come out well, but the long term outlook for Bitcoin is still very shaky and a guy like Buffet can easily recognize that.
By any means I'm not attacking you, but everyone thinks the same. The ultimate goal is fiat.
Absolutely, I agree. Everyone who is currently investing in bitcoin has one ultimate goal: cash out and collect fiat. But some people online don't expect to do that until BTC reaches $100,000 and I highly doubt that day will ever come.
He never will. Bitcoin is far too risky for him. The market is also far to small. Not enough liquidity for him to buy any amount of coins that would be meaningful to him.
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins. He's just too old to believe in this type of thing.
Exactly. He's too old (ie. too wise) to invest heavily in bitcoin. Look, I hope bitcoin takes off because I would come out well, but the long term outlook for Bitcoin is still very shaky and a guy like Buffet can easily recognize that.
By any means I'm not attacking you, but everyone thinks the same. The ultimate goal is fiat.
I highly doubt it, from what I know he prefers more "stable" and "safe" investments. He's missing out on a great opportunity though!
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins. He's just too old to believe in this type of thing.
Exactly. He's too old (ie. too wise) to invest heavily in bitcoin. Look, I hope bitcoin takes off because I would come out well, but the long term outlook for Bitcoin is still very shaky and a guy like Buffet can easily recognize that.
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
That was Charles Munger, Buffet seemed neutral.
"yes, bitcoin is rat pison - the banks are the rats!"
saw someone post this before on this forum and I love this quote...
saw someone post this before on this forum and I love this quote...
Do you think this will happen? I'd love the guy to own some 10,000 coins. Or is he too old for this thing?
Does anyone knows if he publicly mentioned anything about bitcoins?
Does anyone knows if he publicly mentioned anything about bitcoins?
He will not. Warren Buffet does not invest in new technology, he only invest in things that he can fully understand, companies with a proven track record.
His biggest holdings are: exxon mobile, coca cola, wellsfargo, IBM, walmart and american express
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
Actually it was Munger who said that. Bill Gates thought it was a 'technological tour de force', and Warren Buffet thought that either Bill Gates or Munger was right. Or in other words: he has no clue and doesn't understand bitcoin enough to form an opinion on.
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
Munger's quote. On the face the quote seems very negative but he could be saying that finance is infested with rats and bitcoin is going to clear them all out. Especially since it does have that potential. I mean it was a very interesting choice of analogy out of infinite possibilities... this is a very clever guy and he's not about to drop a stock market tip on TV for free when he has paying customers that deserve his insight.
Most likely he doesn't care one way or the other and just said it for laughs...
Would be nice to compute what's the average sum he invested so far in any given stock and apply that to bitcoin, to see how much he would have.
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins. He's just too old to believe in this type of thing.
Warren "Be fearful when others are greedy and greedy when others are fearful” is unlikely to invest in Bitcoin. Besides, he typically avoids tech investments.
He said Bitcoin is rat poison.
Too old imo.
Too old imo.
Do you think this will happen? I'd love the guy to own some 10,000 coins. Or is he too old for this thing?
Does anyone knows if he publicly mentioned anything about bitcoins?
mod edit to correct misleading title
Does anyone knows if he publicly mentioned anything about bitcoins?
mod edit to correct misleading title
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