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Topic: Why didn't Warren Buffett invest in Bitcoin? (Read 876 times)

brand new
Activity: 0
Merit: 0
September 05, 2018, 08:10:57 PM
Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.
newbie
Activity: 72
Merit: 0
warren buffet says he has not invested in a business he never knew. for this reason he has not even invested in famous technology companies. because he confessed that he did not understand the technology.
cr7
full member
Activity: 364
Merit: 100
Buffett repeatedly publicly declared that he does not like to invest in bitcoins.
Because of this, many people think that he was stuck in the past, because he does not invest in blockchain technology.
But sometimes it seems to me not at all, if he was not interested, then he would be silent!
newbie
Activity: 29
Merit: 0
He claimed it was a huge bubble, but in the end, lately he seems to have invested . I read it somewhere, I don't remember exactly.
member
Activity: 345
Merit: 10
To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all.
Warren’s strategy is to have an adequate but consistent return over a long period of time.
The key is that he knows he will be rich someday, but he is not in a hurry.
In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style.
So what is your opinion?
I think he was right. I am very confident in his investment philosophy because I have read a book about his career and investment strategy. First, he was not interested in technology. Secondly, he only invested in what was of real value that he could have estimated. If he can not estimate, he will never invest in it.
newbie
Activity: 34
Merit: 0
I need this is true. They never never want to date 100 USD for the cryptocurreincies
newbie
Activity: 38
Merit: 0
Warren Buffet is a smart investor that's why he made millions investing . And as he said he don't understand cryptos and that's why he is not investing in bitcoin..
jr. member
Activity: 238
Merit: 1
https://eloncity.io/
If he actually invested, no one will know and sure if not invested now ,he will still consider investing in future without notifying people.
full member
Activity: 266
Merit: 101
Warren Buffet didn't invest in bitcoin because bitcoin poses a threat to the current banking system and government control. Two of the main things that made him the richest person in the world for so long. He is one of the primary beneficiaries of the current system. What benefit is there for him to change everything? He's too old to pivot to something new and that new thing might make the word *gasp* a more equal place. The same thing goes for Bill Gates. I think older people just want to keep things the same and not have to worry about any new fangled technology that leapfrogs everything else.
full member
Activity: 310
Merit: 100
https://eloncity.io/
Buffett thinks ""Bitcoin is a real bubble because you can't value Bitcoin. Bitcoin is not an asset that can produce value.""

Everyone want to have control on something or somebody. It is people nature. I like that the price for it is unknown for the most part of people in the world.
hero member
Activity: 729
Merit: 502
Most of old people can't understand computer or smartphone and you want this old man to understand such a difficult thing as blockchain. Don't Smiley
newbie
Activity: 131
Merit: 0
but why would he do it?)
This man has so much money that an ordinary person can not even imagine such a heap of money.
We mortals generally find it difficult to imagine how these people think ... and maybe there is a more serious reason, but I just do not see the need to invest their money in something as risky as bitcoin to such a serious person.
newbie
Activity: 7
Merit: 0
Because either he doesn't understand it or sees it as a threat to his investments which are in fiat currency.
member
Activity: 280
Merit: 10
MEGATRON - THE RISE OF BLOCKCHAIN REVOLUTION
Because this is not an asset that gives real results, If you buy bitcoin, you do not have anything that produces anything. You just expect people to pay more, when people buy bitcoin, he actually does not invest. But they do speculation. Nothing wrong you did that. If you want to gamble, someone else will come and pay more money tomorrow. This is one type of game. It's not an investment.
I do not think so, for me investing in cryptocurrency is a form of financial investment really and it is bringing a lot of profits to professional investors. The crypto market also contains a lot of risk and it certainly is not for those who do not understand it and I think Warren Buffett is one of those investors who do not understand cryptocurrency.
newbie
Activity: 281
Merit: 0
Waren Buffett is old minded they do not understand blockchain, technology and not interested. They want to stock market and always king if people are invested in cryptocurrency and bitcoin so the stock market price will be down and bitcoin price increase so new people are a billionaire.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all.
Warren’s strategy is to have an adequate but consistent return over a long period of time.
The key is that he knows he will be rich someday, but he is not in a hurry.
In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style.
So what is your opinion?
Sure some of us would view this at a negative side and regard of this as one of the signs that bitcoin is dying. But the true reason why Warren Buffet does not want to invest on bitcoin is because it doesn't suit his interests on investments. Most of the time he wants a steady amount of growth that is not evident with bitcoin.
newbie
Activity: 163
Merit: 0
Because this is not an asset that gives real results, If you buy bitcoin, you do not have anything that produces anything. You just expect people to pay more, when people buy bitcoin, he actually does not invest. But they do speculation. Nothing wrong you did that. If you want to gamble, someone else will come and pay more money tomorrow. This is one type of game. It's not an investment.
sr. member
Activity: 602
Merit: 265
Well, his is already a billionaire in towards the end of a life long journey. How much money or risk does he want more. Except he want to do it for fun. But knowing Buffet he is a shrewd investor, so may be he is not investing in something that he does not fully understand yet. That being said, with bitcoin being anonymous and a number of hedge funds out there, he might as well have invested anonymously and no one knows. So in the end we can't be too sure.
newbie
Activity: 41
Merit: 0
he did say that he doesn't understand crypto and blockchain, that's why he doesn't want to invest
member
Activity: 166
Merit: 10
To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all.
Warren’s strategy is to have an adequate but consistent return over a long period of time.
The key is that he knows he will be rich someday, but he is not in a hurry.
In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style.
So what is your opinion?
How can you know for sure? What if he has some secured hidden wallets with 10000 bitcoins on them, whatever he just don't reveal that for us? I think we can never know.
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