Warren Buffett on CNBC - page 2. | Bitcointalksearch.org

SamReomo

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Quote from: jasonmattson on January 10, 2018, 03:05:33 PM

I saw Warren Buffett on CNBC say all crypto currencies are in a bubble and will end badly. They have no idea what is happening. Maybe that is a good thing. If they knew, they might push for hyper regulation.

Well, to be honest, everyone have their own opinion related to certain things, and he is trying to show us his opinion about cryptoes. I know we as the members of the Crypto won't agree with his statements as we already know that the Crypto-world is getting huge, and it will exist in future as well.
However, there are some chances that could make his statements true, but I am pretty sure that those chances are very rare and they won't happen anytime soon.

chukaday

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Quote from: ChinkyEyes on January 10, 2018, 03:16:37 PM

He himself said he knows nothing about crypto. But he does know it will end badly. I don't get why CNBC asks him about crypto currency when he admits he knows nothing about crypto. So basically the whole interview is useless, of course it will end badly for some. There will be people who make tons of money and others will lose, that is how it works.

yup you are right

Not only is he right but I will elude as to why they do interviews with him rather than one of us who knows cryptos and that is because he is a draw. He is going to draw investors, noobs, and whoever else whereas a random forum person may attract 0. I am pretty sure I could have gone on and described how a zero-sum game works too, no offence Mr. Buffy Roll Eyes

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Nightwatchman

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Quote from: ChinkyEyes on January 10, 2018, 03:16:37 PM

He himself said he knows nothing about crypto. But he does know it will end badly. I don't get why CNBC asks him about crypto currency when he admits he knows nothing about crypto. So basically the whole interview is useless, of course it will end badly for some. There will be people who make tons of money and others will lose, that is how it works.

Spot on. Here are the silly old duffer's verbatim quotes:

"In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending."

But then, this:

"I get into enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don't know anything about?"

Every time he opines about cryptocurrencies, I lose a little more respect for him.

ChinkyEyes

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He himself said he knows nothing about crypto. But he does know it will end badly. I don't get why CNBC asks him about crypto currency when he admits he knows nothing about crypto. So basically the whole interview is useless, of course it will end badly for some. There will be people who make tons of money and others will lose, that is how it works.

novikov433

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Well, he says so, then that that would be to trade shares sufficiently to study fundamental anliz and know whether the share of current value is equal or not. in bitcoins and other crypto-currencies, this can not be done and it is difficult to adequately pinpoint them. In any market there are bubbles.
On the commodity market you need to read and look at one place to trade, you need to look at the fundamental news and unexpected news, but here we know that we need to wait for the harts and read the calendar to catch the pumper.
The reason for the crisis is the low dollar.

jasonmattson

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I saw Warren Buffett on CNBC say all crypto currencies are in a bubble and will end badly. They have no idea what is happening. Maybe that is a good thing. If they knew, they might push for hyper regulation.

Topic: Warren Buffett on CNBC - page 2. (Read 233 times)