What do you expect from a old and traditional investors? He built his fortunes not on technology investments. He recently just invested on 2016 only. Because he simply doesn't believed or didn't know them, simply as that. He will rather put his money on classical company with good valuation.
So we can say that it is not for him, and as much as we respect him being one of the wealthiest man in the world, there are things that they don't want deal with, specially tech stocks or in this case, crypto currency.
Topic: Warren Buffet would rather be a “forgetful old man” (Read 299 times)
Hi Everyone,
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
According to CNBC Warren Buffett was gifted 1 BTC during their 'meeting' and afterwards Buffett turned the wallet over to GLIDE Foundation as a donation.
Of course BTC is for new generation people . A man with 89 age will not understand the power of blockchain !
and the services that this technology can provide .
and the services that this technology can provide .
Warren Buffett appears to have a good working relationship with banks. Endorsing bitcoin or crypto currencies could jeopardize that relationship.
There's a simpler explanation. Look at what Buffett says about gold:
Quote
“(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Then compare that to what he says about cryptocurrencies:
Quote
"Cryptocurrencies basically have no value," he said. "You can't do anything with it except sell it to somebody else."
There's no need for a conspiracy theory involving banks. He doesn't see value in speculative store-of-value assets like Bitcoin and gold. He's primarily a stock investor looking for predictable returns on investment.
He's an old man, stuck in his ways. Let him be.
Warren Buffett's business and livelihood is tied up in US stocks. Asking him to comment on gold, is like asking the largest shareholder of Pepsi their opinion on Coca Cola. Gold and precious metals are something like a competitor to US equity markets. Buffett doesn't want investors to put their money in gold. It translates to less cash being invested in equity markets. That works against his own self interest. He wants investors to buy stocks instead, which increases his own holdings.
Bitcoin is similar to gold being something like a natural competitor to stock markets and banks.
For a billionaire like Warren Buffett, it is important for him to have good connections and a working relationship with the banking industry. He relies on banks to help him move and store money. The better relationship he has with banks, the better rates and terms he gets.
If Buffett came out in support of bitcoin, it could upset the relationship Buffett has with bankers. They could give him worse rates and terms. Or retaliate in some other fashion.
There's no need for conspiracy theories when its simple necessity we're discussing.
Warren Buffett appears to have a good working relationship with banks. Endorsing bitcoin or crypto currencies could jeopardize that relationship.
There's a simpler explanation. Look at what Buffett says about gold:
Quote
“(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Then compare that to what he says about cryptocurrencies:
Quote
"Cryptocurrencies basically have no value," he said. "You can't do anything with it except sell it to somebody else."
There's no need for a conspiracy theory involving banks. He doesn't see value in speculative store-of-value assets like Bitcoin and gold. He's primarily a stock investor looking for predictable returns on investment.
He's an old man, stuck in his ways. Let him be.
Warren Buffett appears to have a good working relationship with banks. Endorsing bitcoin or crypto currencies could jeopardize that relationship. Its seldom purely about investment or money. There are political contexts which factor into events when large sums of money and the mainstream influence of being a billionaire celebrity are involved.
Imagine if you were an 80 year old billionaire with friends and peers in the banking industry. And you knew your friends in the banking industry were losing business and money to new innovations like bitcoin. Would you be enthusiastic about burning people in the banking industry you've known for decades, in favor of a new invention you personally felt no loyalty or connection to? Then what happens if bankers decide to retaliate against you for promoting their crypto currency competition. That puts you in a bad position.
Justin Sun tried to get an endorsement from Warren Buffett. He may have had more success getting an endorsement from someone who didn't feel personal loyalty to the banking establishment. Who didn't care if banks decided to retaliate for promoting their competition.
Imagine if you were an 80 year old billionaire with friends and peers in the banking industry. And you knew your friends in the banking industry were losing business and money to new innovations like bitcoin. Would you be enthusiastic about burning people in the banking industry you've known for decades, in favor of a new invention you personally felt no loyalty or connection to? Then what happens if bankers decide to retaliate against you for promoting their crypto currency competition. That puts you in a bad position.
Justin Sun tried to get an endorsement from Warren Buffett. He may have had more success getting an endorsement from someone who didn't feel personal loyalty to the banking establishment. Who didn't care if banks decided to retaliate for promoting their competition.
Looks like the problem isn't that. The real problem here is that some of our people seem to be very bitter
Maybe they have Bitcoin but don't publish it. He can pretend to be a forgetful person so that everyone won't be in a hurry to buy bitcoin which is part of his plan to be accumulated if he is already in the game.
Maybe they have Bitcoin but don't publish it. He can pretend to be a forgetful person so that everyone won't be in a hurry to buy bitcoin which is part of his plan to be accumulated if he is already in the game.
He can pretend to be a forgetful man so that everyone wouldn't rush to buy bitcoin which is part of his plan to accumulate if ever he's already in the game. The reasoning of him not getting into bitcoins because it creates nothing but obviously, many investments started from nothing from the start and yet he invested. But let's get it into account that he's not really into bitcoin and the gift that was told given to him doesn't matter for him just like Peter Schiff.
Hey Crabby and shrimpy,,, mind telling us the story behind your names?
I'm happy to share the story!
When we first started developing trading bots, we released a product that focused on technical indicators, algorithms, and building your own trading strategy. It was a rather complex application. We aren't exactly great with naming products, so we were eating Dungeness crab one day when it struck us - Crabby. So, we named our first product Crabby.
After spending some time thinking about what people really need for cryptocurrency. We realized they didn't need something complex, but simple. We then decided to release a trading bot that was the most simple in the market. Something that anyone could use. After a few iterations, we released the first web version of Shrimpy. This website was designed to easily manage your portfolio, rebalance, and automate your funds.
The reason we chose Shrimpy was because it was the simpler version of Crabby.
Hope this helps explain the names!
Hey Crabby and shrimpy,,, mind telling us the story behind your names? For me,,, I think it is okay that people do not agree with Bitcoin, everyone has the right to choose the system that works best for them. Fiat did not work for you and me but it for sure worked for Warren Buffett, so it is completely natural for him to choose so! Let sleeping dogs lie, they say in the books. I would agree to let everyone choose their own path. Bitcoin for us and stocks for Mister Buffett:)
He may not accept this gift. Just trough away it to basement and forget about it. And after this he can really say that he is not own crypto
Hi Everyone,
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
I don't think it's only Warren Buffet, but even we do the same! It's always better to stay away from things that we don't believe in. So if Warren Buffet doesn't like crypto currencies, it's better for him to stay away from it and don't ever own a piece of cryptos. That entirely makes sense! Mr. Buffet is indeed an old-school investor. Majority of his investment decisions are based on "fundamental analysis" which effectively finds out the "intrinsic value" of an asset class. So let him be a "forgetful-old-man", what's the fuss about it?
first of all Warren Buffet denied Sun ever gave him any cryptocurrency. and considering Sun is trying to advertise and hype up his own shitcoin there is a very good chance that he is simply lying about the "gift".
also i couldn't find any information of "HOW" he gifted Buffet with bitcoin and tron so i'd imagine he simply created a new key and funded that with some amount and sent it to Buffet maybe through email or even face to face and now he keeps claiming Buffet "owns" crypto! but that doesn't mean anything.
also i couldn't find any information of "HOW" he gifted Buffet with bitcoin and tron so i'd imagine he simply created a new key and funded that with some amount and sent it to Buffet maybe through email or even face to face and now he keeps claiming Buffet "owns" crypto! but that doesn't mean anything.
Hi Everyone,
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
Warren Buffett lost my credibility this week, the first factor was the interview where he said:
Quote
"Cryptocurrencies basically have no value, they don't produce anything."
The second factor is about the current markets crash:
Quote
"That's good for us actually — we're a net buyer of stocks over time,"
So, for him, crypto is something without value and having a crashing markets is something good for all, lol.
That's probably how a billionaire like him think. The only thing that I could think of why he is against Bitcoin is that he can't control or predict the flow of the market compared to stocks. You see how most critics of cryptocurrency are those who are either billionaires or investors? because they don't see the technological potential of cryptocurrency. All they see is money.
Now that I think about it, maybe they are trying to scare investors away from Bitcoin in order for them to accumulate more for the future? Maybe they own Bitcoin but isn't making it public.
As for me, the old man has suddenly become a huge issue, especially among crypto fanatics, because he failed or did not appreciate crypto. That is everything there is to this issue. Whether he forgets the crypto given to him as a gift by Justin or give them away to charity does not matter anymore. That simply reinforces his stand on crypto. Nothing changed. And there is nothing wrong with it.
The real issue here is that some people from our side seem very bitter that the courtship of Justin to Warren ended up exactly the way they dread. If Justin and team failed to convince Warren then we should accept it and move on. The crypto world does not revolve around Warren. In the first place, the probability that these men will fail was much higher than they would succeed. And trying to discredit and call Warren names won't help.
The real issue here is that some people from our side seem very bitter that the courtship of Justin to Warren ended up exactly the way they dread. If Justin and team failed to convince Warren then we should accept it and move on. The crypto world does not revolve around Warren. In the first place, the probability that these men will fail was much higher than they would succeed. And trying to discredit and call Warren names won't help.
He wouldnt care that much either this one is intentional or do really completely forget about it.WB been known when it comes to charitable works so it isnt surprising that he do give out that phone containing that bitcoin.
Those amounts arent really a big deal though but the thing we are concern is on his sentiment towards bitcoin/ crypto.
Those amounts arent really a big deal though but the thing we are concern is on his sentiment towards bitcoin/ crypto.
Warren Buffett loves licking those traditional old lollipops being served to his dish daily by the stock markets, but he doesn't know that when these stock markets will crash, the only alternative to run towards will be Bitcoins and the crypto space. I think he'll definitely regret his decision of not taking any interest in crypto and just denying the facts that crypto is a store of value.
He wouldnt care that much either this one is intentional or do really completely forget about it.WB been known when it comes to charitable works so it isnt surprising that he do give out that phone containing that bitcoin.
Those amounts arent really a big deal though but the thing we are concern is on his sentiment towards bitcoin/ crypto.
Those amounts arent really a big deal though but the thing we are concern is on his sentiment towards bitcoin/ crypto.
Warren Buffett loves licking those traditional old lollipops being served to his dish daily by the stock markets, but he doesn't know that when these stock markets will crash, the only alternative to run towards will be Bitcoins and the crypto space. I think he'll definitely regret his decision of not taking any interest in crypto and just denying the facts that crypto is a store of value.
According to CNBC Warren Buffett was gifted 1 BTC during their 'meeting' and afterwards Buffett turned the wallet over to GLIDE Foundation as a donation.
So it was not even transacted by him?
https://bitcoinist.com/just-in-warren-buffett-gave-away-his-bitcoin/
Read it just now - I can't believe he just gave away the phone as a donation to GLIDE Foundation just because he does not like BTC and any other crypto. He lost the opportunity to learn something new, I heard that he is a man that belongs to well-educated societies which like to learn something new every day, he had the opportunity to do that but he wasted it.
Those amounts arent really a big deal though but the thing we are concern is on his sentiment towards bitcoin/ crypto.
Hi Everyone,
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
Recently, people have been giving Warren Buffet some heat because he said he didn't own any crypto, even though he was given some by Justin Sun.
Our take is a little different than everyone else. We think Warren Buffet would simply rather be called a "forgetful old man" than support something he didn't believe in.
Read all our thoughts on the situation.
Let me know if you guys agree or disagree!
Warren Buffett lost my credibility this week, the first factor was the interview where he said:
Quote
"Cryptocurrencies basically have no value, they don't produce anything."
The second factor is about the current markets crash:
Quote
"That's good for us actually — we're a net buyer of stocks over time,"
So, for him, crypto is something without value and having a crashing markets is something good for all, lol.
According to CNBC Warren Buffett was gifted 1 BTC during their 'meeting' and afterwards Buffett turned the wallet over to GLIDE Foundation as a donation.
So it was not even transacted by him?
https://bitcoinist.com/just-in-warren-buffett-gave-away-his-bitcoin/
Read it just now - I can't believe he just gave away the phone as a donation to GLIDE Foundation just because he does not like BTC and any other crypto. He lost the opportunity to learn something new, I heard that he is a man that belongs to well-educated societies which like to learn something new every day, he had the opportunity to do that but he wasted it.
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