Why Tron's Sun Paid $4.57 Million Lunch?

Mysteryla

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Quote from: CryptoBry on June 05, 2019, 06:36:20 AM

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This guy has made a lot, which is why he can afford to give out such huge amount to Warren Buffet who is already rich.
On the other hand, this will give more publicity, not just to Justin Sun alone, but to the coins he has lunched (From and Bittorent), as well as other altcoins which might follow suite.
This is why he is also calling on others to do the same.
I also sense that it will enrich Warren Buffet more and he, Justin, will be well compensated.

Lagonda

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Spending $4,57 million to have half of the world known about his coin, Justin Sun is smart indeed. The amount looks huge but he only needs to sell a bunch of tokens to get enough. Knowing that his ambitious goal is to make TRX in top 10 and BTT in top 30, it's understandable he's risking that huge amount. If he's succeeded, he'd have hundred of times that amount. If he failed, he'd lost a bunch of tokens only.

Little_king

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Am sure SUN did this to get crypto close to buffet and nothing else has he is against the crypto world due to the disadvantage to his own business ideal .

But still sun actually trying to create a pump for his coin cos we can all see that the coin is dumping to a low of 200sat area and doing that will affect the market cap cos I dont see any reason see come out and say trx will be in 10position in market cap ranking all in the name of launch with buffert .

sehoon

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To be honest, I would've done the same thing. Assuming that I own a project and I have that enough money, I will do it for the publicity and any form of publicity is good publicity. This marketing move can surely make his coin stronger and can rack up some price in the future.

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoBry on June 05, 2019, 06:36:20 AM

Justin Sun, the TRON & BitTorrent CEO, is on the news because of the huge amount of money he paid to have lunch opportunity with Warren Buffett. Because many are asking why he did it, here are the reasons behind such a move, according to an interview with CNBC.

3 reasons behind the bid:

1. Show of gratitude for Buffett’s inspiration
2. @GLIDEsf charity in San Francisco
3. Want to become bridge between institutional investors & crypto

Update: Justin Sun invites the founders of #Ethereum, #Litecoin, and #Binance to lunch with Warren Buffett.

So what do you think?

Hahaha, this are all marketing strategy, though it's a very good one because it's going to help his coin very much in mooning, only a newbie in the crypto space should not understand what's going on because I think he is trying to shill is project but this time not on bitcointalk but on social media entirely since he has a lot of money to throw away, lol. I own a lot of tron in my possession and I will still keep acquiring more because I see the future is bright.

Golftech

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He had enough money to begin with, its pure advertisement and to gather public interest, promoting his projects by doing such actions will bring a lots of media attentions, there's nothing but for business purposes, he knows that it will give good privilege for him being interviewed by creating this huge noise and it's a good time for him to promote his business and to invite more potential investors.

CryptoLing

member

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Merit: 28

I would say that the move is beyond stupid. Warren Buffet is a seasoned investor, he won't be convinced into crypto in just a lunch with Justin, which however not the best people pitching crypto, Warren's investment method is "old" and that's why it won't fit with Bitcoin or every crypto. That $4.56 Million could be a fund to make crypto space a better world by putting it another way.

tranduong123

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In my opinion, the simple reason is that he wants TRX, BTT and himself to be more popular and well known.

target

legendary

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He must have some good proposals to these guys. If its just for marketing then he just got the massive response from the media but I'm not sure if Warren Buffet will accept the invitation. I don't see Vitalik, Lee and CZ won't be attending they can all come up with something more productive than just bragging about their achievements. Sun must have some goal for all the crypto users.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

It looks like Justin Sun is plain retarded. He got rich from crypto-currency. And now he is giving away a part of that wealth to some old fart, who had mocked the very idea of crypto-currency multiple times. Warren Buffet has been a rabid critic of crypto-currency, for the past several years. I doubt whether Justin Sun will be able to convince him on the merits of crypto.

asbak66

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Cause he's attention seeker?
I don't get it why he pay for $4.5 million just only for dinner with Buffet.
Dos he think he can chenge buffet mind so easily? Buffet is a master and I don't think with only dinner he can do that. Just waste of money.

aioc

hero member

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I don't think he can change Buffet's position and turning him into a crypto believer, that's not going to happen he is wiser than Sun and more experienced and he will lose his reputation if suddenly he changes his position about Cryptocurrency and become its supporters, the old man is very rich you can't bribe him with that $4.5 million lunch.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

I guess it is a nice gesture considering warren buffet is the godfather of all great investors, dude is a saint and a god in investors world plus it goes to a charity not to him. He doesn't need money and he just uses this opportunity to get some charity money so we are talking about a lunch with Warren Buffet that also supports a charity as well which is win-win for Sun since he likes to donate as well.

Plus, we know Warren is not really interested in crypto but with this lunch and this much money Sun will have a chance to explain crypto a lot better to Buffet and show him why we like it, he may still dislike it as an investment option after this lunch but at least even if its a bad investment in his mind he will realize why we like it and why we use it since its a lot more honest and fair then banking system we have and we all know Buffet hates banks as well even though he invests in them.

siddartha1492

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In love with Bitcoin!! 💓💕

Justin Sun is just trying to get a new achievement to his name, i.e. "Harbringer of Buffet to the Crypto World" (during a buffet)!! Jokes aside, he just wants more acceptance as a crypto influencer. Right now, well he is just known as a shiller. Pretty uncommon for founders of top crypto projects. So he wants to bring more seriousness to his image. And of course bring more publicity to Tron.

smyslov

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Quote from: CryptoBry on June 05, 2019, 06:36:20 AM

Justin Sun, the TRON & BitTorrent CEO, is on the news because of the huge amount of money he paid to have lunch opportunity with Warren Buffett. Because many are asking why he did it, here are the reasons behind such a move, according to an interview with CNBC.

3 reasons behind the bid:

1. Show of gratitude for Buffett’s inspiration
2. @GLIDEsf charity in San Francisco
3. Want to become bridge between institutional investors & crypto

Update: Justin Sun invites the founders of #Ethereum, #Litecoin, and #Binance to lunch with Warren Buffett.

So what do you think?

Why would he have to spend this huge amount for someone who is against Cryptocurrency, this is rubbish maybe he is thinking to convert Buffet to cryptocurrency, but I doubt if you can teach an old dog new tricks, after this dinner this old idiot will go back posting negative against cryptocurrency.

avikz

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Quote from: CryptoBry on June 05, 2019, 06:36:20 AM

3 reasons behind the bid:

1. Show of gratitude for Buffett’s inspiration
2. @GLIDEsf charity in San Francisco
3. Want to become bridge between institutional investors & crypto

So what do you think?

The reasons are great for theory and for records. But I see it as a sweet revenge against Buffet because he is a known and probably the most influential crypto hater. With the additional invitees for the lunch from the crypto businesses, I am sure the revenge will look even more sweeter!

Sun should offer to pay the amount in cryptos only!

timmmers

sr. member

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Everything what Justin Sun do is about marketing. Thanks to this he will became popular in medias. They will write about him. He only needs to bring attention to his glorious project Tron. Cheesy

z21770179

sr. member

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Merit: 250

I think he wants to advertise for his project. And that's what he's always been doing for the TRX project, it's simply giving up a lot of money that people think big. But for him, it helps a lot for TRON

ccsang

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Quote from: Simple_Plan on June 05, 2019, 07:46:18 AM

I only know that TRX's price pumped insanely after Sun's lunch with Buffet. That tells everything. He's advertising his TRX. $4.57 million is a huge number to a normal person but it only costs him a fraction of his TRX.

Yes, Justin Sun is the founder of TRON, It's the world top 15 crypto network and web 4.0 blockchain dapp platform, $4.57 Millions paid for have a lunch with Warren Buffett, I think most of the people will said that too crazy and worth it? I think it's a good opportunity to advertise TRON platform, most important is Justin Sun have a lot of $4.57 Million Cheesy

semes

member

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Merit: 31

Quote from: CryptoBry on June 05, 2019, 06:36:20 AM

Justin Sun, the TRON & BitTorrent CEO, is on the news because of the huge amount of money he paid to have lunch opportunity with Warren Buffett. Because many are asking why he did it, here are the reasons behind such a move, according to an interview with CNBC.

3 reasons behind the bid:

1. Show of gratitude for Buffett’s inspiration
2. @GLIDEsf charity in San Francisco
3. Want to become bridge between institutional investors & crypto

Update: Justin Sun invites the founders of #Ethereum, #Litecoin, and #Binance to lunch with Warren Buffett.

So what do you think?

Sometimes money changes people very quickly. As far as Sun comes from a wealthy family, but popularity is something new. Someone with a bad personality in Justin Sun.

Topic: Why Tron's Sun Paid $4.57 Million Lunch? (Read 320 times)