Topic: Why didn't Warren Buffett invest in Bitcoin? - page 10. (Read 857 times)
I personally think it is really difficult for most older people to understand digital assets. It takes them a while to come around and see the value.
Very understandable in his part. He says that he doesn't understand bitcoin or blockchain technology in general, so it would be very understandable that he doesn't want to invest in it. Unlike those people who just invest in bitcoin solely because of the price rise, and nothing else. There's a reason why Warren Buffet is a billionaire and most of us are not.
Basically yes, many people interest invest on Bitcoin for taking profit from its rising price. But i don't agree if the people who people invest on crypto are not billionaire, in fact since Bitcoin emerged in 2009 till now price has been surged many times and market exchanges has been spread over the world, it shows many billionaire that enter the market but anonymous. We should only invest in the things we know about and Warren too, he only invested when he understood it. We are young and knowledgeable about technology so there will be a lot of advantages in this market
as far as i know, he hates crypto lol, not buying it is understandable :p
Because he is on the banker/government side and he is old also.
I guess that he is very conservative and he isn't able to understand about new technologies like blockchain and bitcoin.
So old people that can't understand crypto's world is usually against bitcoin and almost all of them thinks that this is bubble like dotcom or tulips.
It has nothing to do with age. There are plenty of young people that can't understand crypto's world and are against bitcoin and think that this is a bubble like dotcom or tulips.I guess that he is very conservative and he isn't able to understand about new technologies like blockchain and bitcoin.
So old people that can't understand crypto's world is usually against bitcoin and almost all of them thinks that this is bubble like dotcom or tulips.
Most people only judge by their experience without realizing that the object being judged is different
Warren’s strategy is to have an adequate but consistent return over a long period of time.
yes but interestingly enough this is not the reason for not investing in bitcoin. "a long period of time" in bitcoin means something like 9900% profit which is not found anywhere in the world!Quote
The key is that he knows he will be rich someday, but he is not in a hurry.
news flash: he is already rich 
Quote
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?
well this is not what he is doing. it never was. and besides "taking a position" as i said above meant 9900% in less than 2 years and 20000% in 6-7 years! So what is your opinion?
He's 80 years old. What do you expect. Bitcoin is too technical. Technology is far from being embraced by the old generation because ot is complicated. They have lived most of their lives with out any dependence to computer. My grandfather finds it hard to use cellphone and facebook. I won't be surprised Warren Buffet is in that position with bitcoin.
I think he is wary of things that are not connect to old money. And something new scares him to invest in and therefore will not promote to anyone to do the same.
It is just how these type of old men are..
Until the day they die.
It is just how these type of old men are..
Until the day they die.
Warren Buffet prefers investing in businesses that are doing something and returning profit for him. he is not a trader either. additionally new technologies for an 80 year old guy who has lived his whole life differently is not something interesting, instead it is scary.
and by the way how the hell do you know whether he has invested in bitcoin or not? for all you know, he may be the biggest whale in bitcoin.
and by the way how the hell do you know whether he has invested in bitcoin or not? for all you know, he may be the biggest whale in bitcoin.
Because he is on the banker/government side and he is old also.
I guess that he is very conservative and he isn't able to understand about new technologies like blockchain and bitcoin.
So old people that can't understand crypto's world is usually against bitcoin and almost all of them thinks that this is bubble like dotcom or tulips.
It has nothing to do with age. There are plenty of young people that can't understand crypto's world and are against bitcoin and think that this is a bubble like dotcom or tulips. I guess that he is very conservative and he isn't able to understand about new technologies like blockchain and bitcoin.
So old people that can't understand crypto's world is usually against bitcoin and almost all of them thinks that this is bubble like dotcom or tulips.
Because he is on the banker/government side and he is old also.
I guess that he is very conservative and he isn't able to understand about new technologies like blockchain and bitcoin.
So old people that can't understand crypto's world is usually against bitcoin and almost all of them thinks that this is bubble like dotcom or tulips.
I guess that he is very conservative and he isn't able to understand about new technologies like blockchain and bitcoin.
So old people that can't understand crypto's world is usually against bitcoin and almost all of them thinks that this is bubble like dotcom or tulips.
Old people are conservative because they are used to their old thoughts too long. ...
In his 20's, Warren Buffett's salary was $12,000, but his net worth exceeded $140,000 by 26 and $1 million by age 30. Keep in mind that someone with $1 million was quite wealthy back before the decades of inflation at the end of the century.
https://www.gobankingrates.com/net-worth/rich-warren-buffett-age/
Older people are more conservative because they have more to lose, and also because they aren't as stupid as younger people.
Anyway, Buffet invests only in things that he understands well. That should be lesson one for any newbie investor. If you don't understand what you are investing in, you are just gambling.
Very understandable in his part. He says that he doesn't understand bitcoin or blockchain technology in general, so it would be very understandable that he doesn't want to invest in it. Unlike those people who just invest in bitcoin solely because of the price rise, and nothing else. There's a reason why Warren Buffet is a billionaire and most of us are not.
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?
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?
He also didn't participate in the dotcom bubble and made some good points, if you really believe in BTC, then in his opinion, you are far better off shorting the US Dollar than to gamble on whats going to replace it. He says that emerging technologies seldom make people a lot of money, and that you we're better off shorting the things it replaces than to bet on which company or coin is going to make it.
Old people are conservative because they are used to their old thoughts too long.
Warren Buffet is a super billionaire investors and he also does not want to earn much money anymore. His business is a kind of momentum of his life. Cryptocurrencies is a kind of too new conception for him to understand or at least to have a real sense of safe profit.
I believe this is true. You see, almost the billionaires who invest to cryptocurrencies are U50.
I have some friends who are millionaires, all are more than 50 years old. They do not want to hear about cryptocurrencies when I mention it to them. They never want to spend even 100 USD for cryptocurreincies. Even if they invest 100 USD, that is just for fun or to make someone else pleased.
Warren Buffet is a super billionaire investors and he also does not want to earn much money anymore. His business is a kind of momentum of his life. Cryptocurrencies is a kind of too new conception for him to understand or at least to have a real sense of safe profit.
I believe this is true. You see, almost the billionaires who invest to cryptocurrencies are U50.
I have some friends who are millionaires, all are more than 50 years old. They do not want to hear about cryptocurrencies when I mention it to them. They never want to spend even 100 USD for cryptocurreincies. Even if they invest 100 USD, that is just for fun or to make someone else pleased.
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?
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?
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