Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: frankbitcoin on November 06, 2017, 02:30:45 PM



Title: Warren Buffett says Bitcoin cannot be valued - please do your own research
Post by: frankbitcoin on November 06, 2017, 02:30:45 PM
Sorry Buffett, but Bitcoin DOES have value.

21 Million supply cap.

Used as a safe-haven for countries who irresistibly hyper-inflate their currency by mass printing.

increased transaction volume = increased intrinsic value.

please do your own research before listening to the talking heads.  8)


Title: Re: Warren Buffett says Bitcoin cannot be valued - please do your own research
Post by: Sachinist on November 06, 2017, 02:35:01 PM
If you listen to him talking about Bitcoin, it's patently clear that he's either being faux-naif to mislead people or he really is quite ignorant on the subject which I personally believe he is. Just take a look at BH website and it will tell you all you need to know about Buffett, the technophobe.


Title: Re: Warren Buffett says Bitcoin cannot be valued - please do your own research
Post by: bitcoinveda on November 06, 2017, 02:45:31 PM
Warren Buffett biggest regret: Not investing in this technology giant!
Warren Buffett: I was wrong on Google and 'too dumb' to appreciate Amazon

so Warren Buffet decisions are wrong and his assumption upcoming descriptive technology. like bitcoin blockchain he is not in a position to see growth and digest growth


Title: Re: Warren Buffett says Bitcoin cannot be valued - please do your own research
Post by: monkeydominicorobin on November 06, 2017, 03:02:51 PM
Sorry Buffett, but Bitcoin DOES have value.

21 Million supply cap.

Used as a safe-haven for countries who irresistibly hyper-inflate their currency by mass printing.

increased transaction volume = increased intrinsic value.

please do your own research before listening to the talking heads.  8)

It is the same as saying that his wealth is just a perception. We could very well say that Mr Buffett is a beggar.


Title: Re: Warren Buffett says Bitcoin cannot be valued - please do your own research
Post by: yoseph on November 06, 2017, 03:09:38 PM
Sorry Buffett, but Bitcoin DOES have value.

21 Million supply cap.

Used as a safe-haven for countries who irresistibly hyper-inflate their currency by mass printing.

increased transaction volume = increased intrinsic value.

please do your own research before listening to the talking heads.  8)
He still doesn't understand how the whole thing works, since they is a fixed amount of bitcoins in the system there is no way that its going to get overvalued in the process. I thought he was not going to talk about bitcoins anymore.