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Topic: What do you think about Warren Buffet and Others? (Read 235 times)

member
Activity: 276
Merit: 11
Warren Buffett is the richest man in the world. He is the biggest investor. No doubt his success. But everyone has different beliefs, he has a poor perspective for cryptocurrency. Because this is not the work. he said bitcoin would have a bad ending, we were not desperate. Even he once said in his tips, we must dare to be different from the others. The point we must be optimistic do not pessimistic.
hero member
Activity: 812
Merit: 501
My opinion is that they are just trying to manipulate the price increasing or decreasing and is not nice that they do this
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
Everyone has his own opinion regarding bitcoin, we should not take comments in negative way.Warren Buffet, Bill gates, jack ma these are the big whales of financial market, they have their own experience, we should respect their opinion and also try to understand the reason for their negative comment.my opinion is , if a person is successful it does not mean that he know everything, we should apply our self mind and then take decision to invest,but always keep in mind the comments of successful people in positive way.

having an opinion about bitcoin is one thing and being uneducated and telling your uneducated opinion to others is another. you shouldn't confuse the two of these. and Warren Buffet's opinions have always been uneducated ones, whether he understands what he is talking about (meaning intention FUD spreading) or he is just outright wrong remains to be seen in long term because eventually we will always find out whether they have any bitcoin or not. for example we saw how JP Morgan have been investing in bitcoin despite all the FUD they have been spreading.
legendary
Activity: 1946
Merit: 1137
Do you think it's proper for him to gave a comment like that?

well it certainly is not an ethical move and you can even call it dirty tricks to manipulate the market but he did it properly and in the market everyone is at each other's throats. nobody is helping others to make more money or be successful, everyone even a millionaire like Warren Buffet wants to make more money and wants to do it alone.
and since he can not buy millions of dollar worth of bitcoin overnight so he has to manipulate the market and keep it low as much as he can so if it takes him to spread some FUD about it and put fear in some people's minds he take advantage and does exactly that. and guess who will be the biggest whale in bitcoin after 10 years?
copper member
Activity: 336
Merit: 0
Everyone has his own opinion regarding bitcoin, we should not take comments in negative way.Warren Buffet, Bill gates, jack ma these are the big whales of financial market, they have their own experience, we should respect their opinion and also try to understand the reason for their negative comment.my opinion is , if a person is successful it does not mean that he know everything, we should apply our self mind and then take decision to invest,but always keep in mind the comments of successful people in positive way.
full member
Activity: 826
Merit: 104
he is an expert buismen but he has no knowledge about blockchain.thats why he said about bad ending
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
Hello,

I had read a few months ago that many people like warren buffet had bad perspective for cryprocurrency. He said that bitcoin will have a bad ending.

Do you think it's proper for him to gave a comment like that?

IMO it's not proper. Even if he was an expert in stockmarket but he was commenting on cryptomarket.

It's like an Electrical Engineer questioning the structural integrity of a building design by a Civil Engineer.



Actually its true, well in fact there is no such thing as good ending in a company/institution since it only means that it will be gone because company exists to compete and survive the market where it belongs.
hero member
Activity: 1176
Merit: 509
Hello,

I had read a few months ago that many people like warren buffet had bad perspective for cryprocurrency. He said that bitcoin will have a bad ending.

Do you think it's proper for him to gave a comment like that?

IMO it's not proper. Even if he was an expert in stockmarket but he was commenting on cryptomarket.

It's like an Electrical Engineer questioning the structural integrity of a building design by a Civil Engineer.



I guess they've done their research about cryptocurrency and found some flaws about it. We have different opinion about cryptocurrency even though you're an influencial person, it doesn't mean you're always right.

You've hit it! Yes, even though they are very popular and influential, it doesn't mean that they know everything. Those are just their opinions and each of us are entitled to express our own point of view. It's ul to you if you will follow them or not but I have high hopes in crypto!
full member
Activity: 462
Merit: 102
It started by the name “expert” that reminds me,, those who were selling they’re opinion depending on the price and will have a percentage of it..  Money seems vital in that work,, you’re the spokesperson of the businessman who pay you.. Your the mouthpiece of the oligarchs who badly against the popularity and undeniably the existence of it..

Let the expert do the talking and ignore.. They are biased as shit like a journalist..
legendary
Activity: 3024
Merit: 2148
Hello,

I had read a few months ago that many people like warren buffet had bad perspective for cryprocurrency. He said that bitcoin will have a bad ending.

Do you think it's proper for him to gave a comment like that?

IMO it's not proper. Even if he was an expert in stockmarket but he was commenting on cryptomarket.

It's like an Electrical Engineer questioning the structural integrity of a building design by a Civil Engineer.



When some celebrity talks about Bitcoin, it's important to examine their arguments as if they were said by any other person, because it's a fallacy to think that if someone is successful and smart, than they are always right. With this in mind, it becomes clear that most Bitcoin opponents are outright wrong in their thnking, like for example Bill Gates who recently said that cryptocurrencies are bad because they are used to buy drugs. If you want to form your own opinion about cryptocurrencies, you should start studying cryptography, math, game theory, programming instead of listening to what other people say.
newbie
Activity: 28
Merit: 0
he's just the old man with the sea. He said he hate bitcoin but maybe he own a huge bitcoin. He said that because he want to give bad market news and make bitcoin price go down, so he can but it much more. And then he sell in high price. He's a shark Cheesy Cheesy Cheesy Cheesy
member
Activity: 350
Merit: 30
Hello,

I had read a few months ago that many people like warren buffet had bad perspective for cryprocurrency. He said that bitcoin will have a bad ending.

Do you think it's proper for him to gave a comment like that?

IMO it's not proper. Even if he was an expert in stockmarket but he was commenting on cryptomarket.

It's like an Electrical Engineer questioning the structural integrity of a building design by a Civil Engineer.



I guess they've done their research about cryptocurrency and found some flaws about it. We have different opinion about cryptocurrency even though you're an influencial person, it doesn't mean you're always right.
newbie
Activity: 11
Merit: 0
I generally recommend that you invest. You can earn on any projects. The main thing is that the project does not turn out to be a fraud.
jr. member
Activity: 84
Merit: 5
Hello,

I had read a few months ago that many people like warren buffet had bad perspective for cryprocurrency. He said that bitcoin will have a bad ending.

Do you think it's proper for him to gave a comment like that?

IMO it's not proper. Even if he was an expert in stockmarket but he was commenting on cryptomarket.

It's like an Electrical Engineer questioning the structural integrity of a building design by a Civil Engineer.


He is not sure of what he said because he himself admitted that he didnt know bitcoin or other blockchain digital assets. He swore not to buy bitcoin,maybe because he is rich already and he doesn't need it anymore.
legendary
Activity: 1288
Merit: 1087
he's a value investor to the core. for someone like that to not be convinced by bitcoin is perfectly understandable. it produces no yield or income. i've never heard him speak much about gold or forex either. again, that's not his domain.

anyone who doesn't think these prices are 98% speculation or more is not being objective. of course they are. it's down the people working behind the scenes to get some fundmentals going to match it or he may well have a point.

what he isn't talking about is the network effect and that's similarly applicable to the tech stocks he eschewed back in the day. that's something a traditional stock will never really replicate. it's incredibly powerful and deeply connected to anything internet related. these old guys don't seem to realise how that can be bootstrapped into monstrous returns.

as it stands right now most of the tech stocks are in the same boat even if not enough people are discussing it. stuff like snapchat or twitter still have a lot to prove when it comes to making actual money.
full member
Activity: 182
Merit: 100
buffet, Dimon, jak ma and other big investors who have commented in bitcoin and cryptocurrency have the right to say what they want. As they study the economic and financial market for long time with their expertise in in financing and investment many of their statement affect the market as they have many followers (count me in). I don't believe that they don't have knowledge about bitcoin and cryptocurrency, bitcoin now is a big thing that recognize by many people around the world, i believe that these people are protecting their investment. But for me it is proper for them to say anything about bitcoin. In addition I watch a video that Jak Ma say that he don't know about bitcoin, but he is looking forward in the blockchain technology.
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Stock Markets like Buffet are dinosaurs ,

Crypto is the future.  Buffet is irrelevant , which probably bothers him, so he insults what he fails to understand.  Wink
sr. member
Activity: 530
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Warren Buffet is a famous person and a big investor.

He is also very old and does not understand Bitcoin. His advice on stocks and old investments is good but cannot be trusted when it comes to Bitcoin.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
I'll say pretty much what I said in the Charlie Munger thread, which is that these people are only ever going to understand the very shallowest depths of what little they've been told about Bitcoin.  Chances are, the only thing they've absorbed into their brains is that it's a speculative asset with no backing from any company or government that way too many people are portraying as a get-rich-quick scheme.  Based on their background and their limited comprehension of what Bitcoin actually is, why would they want to invest in something like that?  

It's all a question of perception.  Anyone who truly understands Bitcoin will often see the value in it (and I don't mean the fiat "value").  But if all you know is what you've seen and heard in the media, along with the gossip and half-truths from a bunch of people who are also listening to uninformed fools, then naturally you've got no hope of appreciating what the people who aren't selling for fiat see in it.
newbie
Activity: 167
Merit: 0
Given such comments will lower the bitcoin price, but the decline in bitcoin prices is not a bad thing for us, because we can start buying bitcoins at low prices because of bad news stuff.
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