Topic: Warren buffett strikes again 😂 (Read 566 times)

He was totally right with that rat poison statement because if Bitcoin succeeds it will kill the corrupt banking sector and its quantitative easing, so it's going to poison all the rats that keep stealing from us.
Warren should face the reality. He's doesn't have to learn Bitcoin because by the time it revolutionizes the world Warren will be long dead or lie connected to a dozen tubes on his death bed.

One of the people I admire in the money market especially in the securities sector, because of the success that he has. And his scheming, I think we will guess his intentions soon 

What's new here? He is a banker so what will you expect with him when it comes to crypto .

He is a respectable person when it comes to investing so I will not say anything to him but if we trust crypto, the only thing that we can do right now is to remain silent and let him spit the words he want. He says bad regarding crypto is a good opportunity for us to accumulate more Bitcoin .


We know that Justin Sun is the king of "HYPES". Do you think that a meeting with a person who is anti-crypto will happen .

I heard from the beginning that Justin Sun held a meeting with Warren Buffett, I was sure that Justin Sun was impossible can change
the perspective of warren buffett. Because it's natural that old people will have more difficulty accepting new things. Moreover, warren
buffett has feel successful without the need to invest in cryptocurrency. So hear warren buffett say negative things about cryptocurrency
I am not surprised at all. Because at any time in my opinion the Warren Buffett will always be negative for cryptocurrency.

LMAO, I always see Warren Buffet's ads on youtube about his investment business in almost every video's that I watched and he is surely spamming it like there is no tomorrow. I guess he can say whatever he wants to say about Crypto Currencies and I don't think that his negative comment will make an impact in the crypto industry even if he is among the richest men in the world.

I think you're pushing it a bit too far with the theories, as we literally have no way of knowing of the theories are true or not anyway. Buffett simply looks at things at a business perspective, not a speculative investment perspective. I thought it was obvious. Apparently not.

As soon as I have seen this news released I knew there would be a backlash by the cryptocurrency holders.
Almost every cryptonews website had this on their front page today for their sites.
He is old school and has said he does not invest into any technology based stocks as he does not believe in them.
So why would he suddenly believe in bitcoin if he does not even own any apple, tesla or amazon stock for the very same reason?

This is no different than when Rockefeller was trying to stop electricity to become mainstream since his oil was used to light the lamps and he felt threatened by the potential of this new technology, Warren Buffett has  become very powerful under the current rules, so it is completely natural that he wants the status quo to maintain itself and he is going to be against anything that threatens it, when you understand that it is not difficult to understand why he is so opposed against bitcoin and what it represents.

This man is the worse of all because he donated something that has no value, I wonder which charity did he gave the BTC.

Old people are the hardest to teach. My old man acts this way as well when it comes to where I would invest my money since all he knew is that investments are real estate properties. So when introduce to Stock and bonds, he'd just insist on sticking to what he only knew.

Yes, Warren Buffett gave the BTC to a charity as a donation but because he doesn't own crypto, he thinks that cryptocurrencies have no value - a silly statement from his end btw. These highly rich people who, on the many shoulders of a lot of people, have become successful and give tips to others so that their shares be worth a fortune for them but nowadays, people have become too smart to stop following them and these rich people are fearing the possibility of losing their control over the markets as well as their followers. Come on, tell me the times when a community ever neglected on comments made by these well-established people and started following something new as well as created a completely different asset class of its kind where there is no control of anybody and everyone owns and is a part of crypto.

Maybe Justin need to clarify with Warren then.

But I guess this is worthless though, as we all know that Warren B. is no coiner and it will be very difficult for a guy like him, an old traditional fart in the investment game to really change his mind about crypto. So I'm not surprised by his statements here.

I would have to pick the side of TRON CEO SUN than this old dog who now can't learn new technology anymore.  Buffet must have been experiencing the aging disease.  There isn't a sign of struggle to the photos they post when he met with Sun and Lee but Warren just can't accept the fact that his stocks aren't that getting attention anymore. The old stock market is getting old like him.

I believe he said that because he was told to or so was decided by his circlejerk, we have few circles around here and it's noticeable how they all agree on a opinion then promote/impose it it.
Buying and selling thing's and becoming rich of it doesn't make you a good trader, a lucky and pacient one perhaps and that's quite a recipe there.
Not jumping for the gold when you see it is a safer idea.

Well bitcoin or crypto currencies cannot please everyone so we can expect that there will be side that will surely to oppose bitcoin or crypto currencies. Though Warren Buffet is a popular person still he cannot use it to attack bitcoin or crypto currencies because the adoption is spreading very fast like a virus.

Only newbies or those who have no have no interest with crypto currencies will only listen to his words. What I am sure also is that there will be sectors in his business that will be affected if he will accept crypto currencies especially bitcoin that is why he is opposing it as of the moment.

Nevertheless, Warren is a very cool person. His conservatism can also be understood, after all, the fruits of the real economy are much clearer and more understandable for a simple people. Yes, and the niche of cryptocurrencies is already quite busy, but he needs a place so that he can turn around.

You can say the exact same thing about why currency on the planet.

How can someone take seriously an opinion on technology from a person who doesn't understand and use modern technology? It's like asking a caveman what he thinks about Bitcoin. And it doesn't matter if this specific caveman is ultra wealthy and genius trader, since Bitcoin isn't some stock, it's a protocol, a network, a software and community.

Likely, he knows the effects that his words can have, and rather than admit that he does have 1 BTC gifted to him by Sun, he prefers not to mention it, so as not to give it any positive publicity, bearing in mind that he does not favour investing in it.

To complete a bit more on what he stated here, I saw Justin Sun’s video where he talked about his dinner with Buffet, and the impressions Sun got from that event (I did not watch it live, but saw an uploaded video of the stream: https://www.youtube.com/watch?time_continue=1734&v=0bJ60OuPb-o&feature=emb_logo).

This is a brief summary of the above linked (lengthy and rather dull) video:

He went over the gifts he gave to Buffet: Samsung Fold with cripto, statue of a horse, Chinese chopsticks, a book in Chinese, a plate with Tron’s logo, etc. Buffet gave Sun a book that he always recommends, which is this one if I’m not wrong: http://www.butler-bowdon.com/benjamin-graham---the-intelligent-investor.html

Buffet does not use a smartphone, but rather a pre-app type of phone (of course he does own now a ravishing Samsung Fold). In fact, Buffet is little to none versed in current technology.

In terms of investments, his doctrine is to invest in companies that provide annual dividends, and to focus on those that are market dominant (if they have a monopoly over the market, the better). Being so, Buffet does invest in Apple, but did not do so until Apple did not reach those terms. On the other hand, he does not recommend investing in Tesla (too many core competitors). He normally plays the long game.

Buffet believes that the stock market will continue to be positive, so long as the Federal Reserve keeps low interest rates.

As I said before, Buffet is not a techie by far, but companies that he does invest in are exploring the benefits of Blockchain, and that has settled in to his mind, to the point that he considers that to be a technology that will disrupt the payment and financial systems of today. Nevertheless, he does not consider Bitcoin as an investment, since he does not see it replacing the USD at any point, nor does he see it as an active that will return assured dividends each year.
 

Warren Buffett is a hypocrite and no I’m not saying this because he’s not a bitcoin fan, I’m saying this based on proven fact. I’m assuming all know of his intent of never giving up on his flip Samsung phone in exchange for a Iphone, but look how he suddenly decides to back out from his words by confirming that he’ll use an Iphone now. Therefore if the community believes anything he has to say regarding bitcoins then I would advise you'll not to believe him, and I have always considered the opposite of what he say in respect to bitcoins hence I urge you’ll to do the same.

Source:

https://www.cnbc.com/2018/01/10/warren-buffet-isnt-eager-to-trade-his-flip-phone-in-for-an-iphone.html

https://edition.cnn.com/2020/02/24/tech/warren-buffett-iphone/index.html

I've just read statements and topics regarding a famous cryptocurrency personality that gifts Warren Buffet a cryptocurrency and from that point, I though his mindset will be changed and will start to consider cryptocurrency as a great asset.

This leads me to search again, some information regarding the topic:

Upon reading to this article, Warren buffet seems to be firm to his decision of not accepting cryptocurrency and what he did when he accepted the cryptocurrency as gift is just to respect the CEO of Tron, and from this, it seems that the CEO has failed to convince Warren Buffet regarding how good cryptocurrency is.

Anyways, I could say, why do we need to get Warren Buffet in the first place? Knowing that he's a person with a huge place in stocks, I think if we're on his situation, we'll just do the same thing and we need to respect that decision.

We can still live and continue our business with cryptocurrency even without him. So IMO, Let's focus on people, basically, to build mass adoption rather than influence those who have already built their decision to stick with their own respective assets. Time will come, and they, themselves could tell the difference of cryptocurrency to what they are holding now, I'm pretty sure they will own crypto as well as I hardly believe that if we push someone to things he didn't like, he will just resist further more.