It is completely pointless to discuss WB and its friends at all, because these people have been talking negatively about Bitcoin for 7+ years and nothing has changed until today. I don't care at all what he thinks about Bitcoin, why is his opinion important to someone on this forum?
WB is a dinosaur whose time is almost up, and the only thing in the whole story is disgustingly his blind greed for money - ordinary people retire sooner or later and enjoy what they have achieved in life, playing with grandchildren or going fishing - he just wants another billion more in the account.
Topic: Warren Buffett Agrees That Bitcoin Is "Disgusting" - page 3. (Read 522 times)
He's really going to hate Bitcoin for what he had been building for years that he reached 97 is crumbling because the money in that market is flowing going to crypto markets. Everything is changing yet these two are left behind.
In the future, mainstream media is going to be discussing crypto markets, these two will likely not going to be mentioned anymore as relevant.
We have to understand where these two are coming from, yes they made a lot of money investing, but they are old and traditional fart as far as I'm concern. And obviously, they don't like to take that big risk in crypto that's why they keep on attacking it even if if will reach $1 million.
They have closed they eyes and minds already, so whatever we say to convince them, they won't adapt and invest on bitcoin, simply as that. I thought that Buffett won't come up with something news since the "poison rat" attack, but he level up again, calling bitcoin "disgusting".
They have closed they eyes and minds already, so whatever we say to convince them, they won't adapt and invest on bitcoin, simply as that. I thought that Buffett won't come up with something news since the "poison rat" attack, but he level up again, calling bitcoin "disgusting".
There are many bitcoin critics, that is how I know being rich does not mean to know all, old people will like the old ways, bitcoin is a new way which old people will not like, but as these people are so critic about bitcoin, bitcoin is still making the progress, bitcoin reached marketcap of over $1 trillion this year, even after the so called critics has never stopped criticising about bitcoin, the criticisms are not just the reality, the true value of bitcoin has resulted in bitcoin progressing. Let the critics continue, bitcoin will always appreciate in value.
The transient rise in the price of bitcoin has attracted many former critics of cryptocurrencies. This is definitely not the case when it comes to Berkshire Hathaway CEO Warren Buffett and his right-hand man, Charlie Munger.
Munger said he hated the success of Bitcoin during the annual Berkshire shareholders' meeting on May 1. He added that all this progress and development is disgusting and contradicts the interests of civilization:
"Of course, I hate the Bitcoin success. I should say modestly that I think the whole damn development is disgusting and contrary to the interests of civilization, and I’ll leave the criticism to others."
While the Oracle of Omaha avoided asking about bitcoin, he agreed with Munger sharply: "I agree with that."
In May 2018, Warren Buffett called Bitcoin "rat poison."
Hate is irrational
These comments inevitably came under fire from the cryptocurrency community. Cryptocurrency economist and analyst Alex Krüger tweeted that hatred of money management was unreasonable:
"Munger's approach to coping with Bitcoin's success is hate. Can't be rational when hate is involved. Money managers that don't adapt to technological changes have a hard time outperforming. "
Munger tends to speak very seriously about his contempt for the field of cryptocurrency as well as theoretical stocks. According to U. Today, the 97-year-old billionaire compared bitcoin and Tesla to "a lice and a flea" at the company's annual meeting in February.
Source: https://u.today/warren-buffett-agrees-that-bitcoin-is-disgusting
Munger said he hated the success of Bitcoin during the annual Berkshire shareholders' meeting on May 1. He added that all this progress and development is disgusting and contradicts the interests of civilization:
"Of course, I hate the Bitcoin success. I should say modestly that I think the whole damn development is disgusting and contrary to the interests of civilization, and I’ll leave the criticism to others."
While the Oracle of Omaha avoided asking about bitcoin, he agreed with Munger sharply: "I agree with that."
In May 2018, Warren Buffett called Bitcoin "rat poison."
Hate is irrational
These comments inevitably came under fire from the cryptocurrency community. Cryptocurrency economist and analyst Alex Krüger tweeted that hatred of money management was unreasonable:
"Munger's approach to coping with Bitcoin's success is hate. Can't be rational when hate is involved. Money managers that don't adapt to technological changes have a hard time outperforming. "
Munger tends to speak very seriously about his contempt for the field of cryptocurrency as well as theoretical stocks. According to U. Today, the 97-year-old billionaire compared bitcoin and Tesla to "a lice and a flea" at the company's annual meeting in February.
Source: https://u.today/warren-buffett-agrees-that-bitcoin-is-disgusting
Warren Buffett and Charlie Munger is butt hurt because all the money going into Crypto currencies... are money not going into Berkshire Hathaway ....so it is just natural that they would hate the competition.
These guys wealth are dependent on the amount of money that are invested into the shares and stocks that they have in their portfolio... and Bitcoin are taking investor money away from that.
The Age of old money and rich old farts are ending... and they know it.
Bitcoin and cryptocurrencies are for younger generations and I don't see anything weird if old investors like Buffet does not have interests in Bitcoin or cryptocurrencies.
They have their era and rules. Naturally, the elderly have their rules that you can not change. They are too conservative but I agree that if they can not learn something new (because of their ages), don't invest. Buffet does not break his rules and his risk management strategies can be useful for us as investors.
The pandemic, Buffet withdraw investments and capital from Air-companies and won't have plans to invest in such companies in the near future. I agree with this decision too. When you are uncertain about future, close your position and keep your capital.
The bear market in 2018 to 2019 is a period to read and digest his lessons, personally I learned a lot from Buffet and the latest bear market.
They have their era and rules. Naturally, the elderly have their rules that you can not change. They are too conservative but I agree that if they can not learn something new (because of their ages), don't invest. Buffet does not break his rules and his risk management strategies can be useful for us as investors.
The pandemic, Buffet withdraw investments and capital from Air-companies and won't have plans to invest in such companies in the near future. I agree with this decision too. When you are uncertain about future, close your position and keep your capital.
The bear market in 2018 to 2019 is a period to read and digest his lessons, personally I learned a lot from Buffet and the latest bear market.
The only reason Buffett & Munger hate bitcoin is because it takes a portion of investment capital away from them. Bitcoin is a new technology & people hate change. Younger people are far more likely to invest in bitcoin than Berkshire Hathaway, that’s the real & only reason they hate bitcoin because it’s taking food off their table.
Just like the dinosaurs, investors like Buffett & Munger are becoming extinct.
Bitcoin is doing to finance what email did to physical letters/mail.
Adapt or die!
Just like the dinosaurs, investors like Buffett & Munger are becoming extinct.
Bitcoin is doing to finance what email did to physical letters/mail.
Adapt or die!
The transient rise in the price of bitcoin has attracted many former critics of cryptocurrencies. This is definitely not the case when it comes to Berkshire Hathaway CEO Warren Buffett and his right-hand man, Charlie Munger.
Munger said he hated the success of Bitcoin during the annual Berkshire shareholders' meeting on May 1. He added that all this progress and development is disgusting and contradicts the interests of civilization:
"Of course, I hate the Bitcoin success. I should say modestly that I think the whole damn development is disgusting and contrary to the interests of civilization, and I’ll leave the criticism to others."
While the Oracle of Omaha avoided asking about bitcoin, he agreed with Munger sharply: "I agree with that."
In May 2018, Warren Buffett called Bitcoin "rat poison."
Hate is irrational
These comments inevitably came under fire from the cryptocurrency community. Cryptocurrency economist and analyst Alex Krüger tweeted that hatred of money management was unreasonable:
"Munger's approach to coping with Bitcoin's success is hate. Can't be rational when hate is involved. Money managers that don't adapt to technological changes have a hard time outperforming."
Munger tends to speak very seriously about his contempt for the field of cryptocurrency as well as theoretical stocks. According to U. Today, the 97-year-old billionaire compared bitcoin and Tesla to "a lice and a flea" at the company's annual meeting in February.
Source: https://u.today/warren-buffett-agrees-that-bitcoin-is-disgusting
Munger said he hated the success of Bitcoin during the annual Berkshire shareholders' meeting on May 1. He added that all this progress and development is disgusting and contradicts the interests of civilization:
"Of course, I hate the Bitcoin success. I should say modestly that I think the whole damn development is disgusting and contrary to the interests of civilization, and I’ll leave the criticism to others."
While the Oracle of Omaha avoided asking about bitcoin, he agreed with Munger sharply: "I agree with that."
In May 2018, Warren Buffett called Bitcoin "rat poison."
Hate is irrational
These comments inevitably came under fire from the cryptocurrency community. Cryptocurrency economist and analyst Alex Krüger tweeted that hatred of money management was unreasonable:
"Munger's approach to coping with Bitcoin's success is hate. Can't be rational when hate is involved. Money managers that don't adapt to technological changes have a hard time outperforming."
Munger tends to speak very seriously about his contempt for the field of cryptocurrency as well as theoretical stocks. According to U. Today, the 97-year-old billionaire compared bitcoin and Tesla to "a lice and a flea" at the company's annual meeting in February.
Source: https://u.today/warren-buffett-agrees-that-bitcoin-is-disgusting
Jump to: