Probably most of them didn't really follow Warren Buffett. They just like his idea, his life story, his motivational word or way become successful person without trying to do what he has done. And you are here with full of scars as a result for applying his idea on your real life. Of course, he hates Bitcoin, because this decentralize world could change everyone's philosophy and start to leave him.
I don’t think he care about anyone who leaving him, just like how McAfee starting blocking twitter user from making any tweet about him. He could be so full of himself when the entire world don’t agree with him. I think people like stories, in Buffett's case, he was able to find undervalued stocks and turn it into diamonds. His method requires much analysis, including financial statements, which is not applicable for analyzing cryptocurrency projects.
It's understandable that he hates BTC since it is not a business.
He is only likeable because he is one holy men in the entire world, never ever hurt a woman’ feeling, never make a mistake, the right man the best man that every woman dream of getting, and yeah, no woman will bitter about him too. I don't think following his philosophies would be effective.
We could have them as our inspiration in a successful investment but we can't rely all our decisions on what we read.
They have their own strategies but we couldn't follow all of it but rather take some tips from it. Warren Buffet has his own belief and strategy which contradicts with cryptocurrency at some point.
I didn’t follow any of his quote since a long time ago, I just begin to feel disgusted with whatever he try to say. |
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This has further show the confidence investors have on the bitcoin as a coin despite all the falsehood coming from the Bitcoincash(BCH) and bitcoinSatoshiVision (BSV) community, both of which have failed to prove their claim in the market.
I know it since 2008, what took you so long to get it right?
Haha really? Anyway, what price you guys speculate? I already keep safe my profit when it's on $6600. Are you serious to took profit by 6600? OMG it is over 9000 now. |
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We need Ponzi, just accept it. It is our job to deal with Ponzi, and don't blame anyone else to owe you a life.
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I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing
Your statement is easily refuted by someone who read and follow his guide and technique on investing. You need to make your point stronger, for example, tell us which strategy that you follow and how did you do it, especially for how long have you done that. As Pharmacist said, Buffet method of investing relies on patience and fundamental values of a company. If that didn't work for him he won't be as rich as today. So either he's lucky or you didn't apply the technique correctly. I'm not going to say he's perfect and you can follow him blindly, as most of the technique requires your own intelligence too. A greatsword is nothing if the user can't lift it to fight their opponents. I don't think following his philosophies would be effective.
Why? Nearly all of his techniques relies on his philosophies in making money. If you don't accept his philosophies then it also means that you don't agree that his technique is valid. Warren Buffet has his own belief and strategy which contradicts with cryptocurrency at some point.
You should not accept tips from psychic if you're trying to solve high-level math problems. and in the end it became an obligation to invest stock market to not to be get rich quick, what's this contradiction?
Because investment needs patience. Nobody would say if you invest in Apple for a year you'll get 100x. It is not a contradiction for me. Investment does not equal a get rich scheme, it can take years before your penny turns to millions. The profits relies on how successful the company you invest would be, which is why it takes years to happen. In crypto, you can get 10x only from a single tweet of a CEO. But on the other hand, you can get -90% return just from nonsense news. So if you want to have a get rich quickly scheme (or get rekt quickly scheme) crypto is your choice. WB getting quick rich from the stock market, he can say whatever he want to show he is one nice guy in the entire world, but look at his company, the bershire Hathaway, what on earth his company worth $300k for a piece of share (and try to buy that I dare you, and no way I could afford them, I need to fork out so much loan just to buy a piece of them, and you can't get a 1/10 of them, you need to get one full piece of them at a time) he pump his own company to the moon to make quick money while calling us who make quick money in crypto a gamblers, and he hate Bitcoin, basically it make too many rich people quick, and he hate anyone who is richer than him and his company? I think we had loss trillions of hard earned dollar by following his philosophy to date, and the 2008 crisis is partly thank to WB too, how long are we going to make this same mistakes again and again. |
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I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money
Um yeah...I don't know when you made that money in bitcoin, but my guess is that you were momentum trading, which is something Warren Buffett is not into. What he does takes a lot of research and a lot of patience, which is more than most people in the stock market can manage. Plus if you've ever read his biography, you'll know that he's absolutely obsessed with finding undervalued companies, to the point that he doesn't have many other interests in life. He reads annual reports for fun--and he is intelligent and educated enough to grasp everything that he reads about the financials of companies he has on his radar. In short, he's a statistical outlier. A stock market prodigy. One of the reasons why he's so popular with people is that he's not a typical Wall Street guy. He has a reputation for having a simple life, doesn't enjoy ostentatious displays of wealth, and is generally known as a nice guy. And he's brilliant, too. Don't worry about what WB thinks about bitcoin. I can understand his point of view, but I'm not him. I don't own a multi-billion dollar investment company with shareholders to be accountable to (Berkshire Hathaway), and I'm comfortable with viewing investment in crypto as a gamble. WB isn't comfortable with taking risks like that, and that's totally fine. So while I have great respect for the man, I realize we're on opposite ends of the investment spectrum. That probably holds true for a lot of us on this forum. Many of us follow his philosophy, one of my friend actually go ahead bought and read nearly all the books, and he's one crazy fella, because he's willing to go margin trading with 3x leverage, about 500k worth of money the last time he told me, I wish him all the best, he told me he's going to be millionaire in 6 years, that's by 2020, and yesterday I told him he should learn from his mistake, because he can't make a million dollar from stock market, while my crypto are way faster than his stock market, (of course fast car, fast money, I don't know who hate that, we all come to stock market to make quick money, but we read the nice guy book, and in the end it became an obligation to invest stock market to not to be get rich quick, what's this contradiction? |
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I wonder why a lot of people like to quote the article wrote by/ speech by Warren Buffett. And most of them regard him the king of value investor. Also all the school praise how good he is, and all of us should follow his philosophy. I didn't make a lot of money following his books, and most of the time I found his books contradicting with each other, to be honest I loss a lot of money following his value investing, but once I get into bitcoin, I'm quickly to make a lot of money, and knowing that Warren Buffett do not like bitcoin from bottom of his heart, I don't know why, I think learning from Warren Buffett is a big mistake, and I regret reading his books altogether. And in contrast, I know none of the quote made by Satoshi, because I don't even know what it is behind the white paper, I can barely read them.
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Scam rising? Im no sure why you try to make a claim like this. In my opinion, the Wall Street is the mother of all scams, and how many people lose millions of wealth to the scammers? And the so call the billionaires who manipulate your everyday life, and who love to label the crypto the seashell, but they prefer the blockchain and even create their own dimon coin, and no they're legit crypto unlike Bitcoin, you can't call them scam, you will be send to prison if you don't agree.
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I'm looking for more, it's just 200b, I don't remember the last peak when were during the 2017, and I had been sticking on this forum for so long, I hope to go back to the same moment again, and beyond that.
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Welcome and trying to prove your pointless analysis.
Look at the chart of the btc price, it didn't follow any Elliott wave, and what do you think your pathetic research can make any sense?
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This has further show the confidence investors have on the bitcoin as a coin despite all the falsehood coming from the Bitcoincash(BCH) and bitcoinSatoshiVision (BSV) community, both of which have failed to prove their claim in the market.
I honestly don't mind those people, they're nothing but a fool for thinking that it soon replace bitcoin. Like WTH an altcoin especially a fork coin can do it? Though it was really a nice try. I know it since 2008, what took you so long to get it right?
Haha really? Anyway, what price you guys speculate? I already keep safe my profit when it's on $6600. I would speculate any other shitcoin, except btc, this is the only coin I would hodl for the rest of life. Good luck on your profit, if you could win the bet in shorting btc, I'm willing to pay the price of losing the profit. |
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I know it since 2008, what took you so long to get it right?
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-snip-
Looks Mathematics is not for everyone  You made a very good explanation and i am not sure why @Broly46 was having a very hard time to understand the basics. The prank or whatever it is, was a complete fail. Of course I would love to know the maths behind the making of $40m within 45 days, because it is certainly jaw dropping money making velocity, I think Satoshi wealth could be second to Binance anytime.Pretty close. $1,100 billion according to this list of crypto billionaires if BTC goes subatomic. https://bitcointalk.org/index.php?topic=5141611That will make all of us millionaires too, I couldn't be more happier than that, and it will fix all the world's problem too. And OMG, $250,000 sound like a long way to go, that's 41x from the price $6000. I don't know how to do a maths anymore. |
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-snip-
Looks Mathematics is not for everyone You made a very good explanation and i am not sure why @Broly46 was having a very hard time to understand the basics. The prank or whatever it is, was a complete fail. Of course I would love to know the maths behind the making of $40m within 45 days, because it is certainly jaw dropping money making velocity, I think Satoshi wealth could be second to Binance anytime. |
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By the context you're correct, and I'm trying to be very picky here, and I choose the term "SAFU" fund, in accounting, money need to be credited from something, it can't be nothing like air, or like a Federal Reserve scam, I think it is wise to credit all the fund directly from the SAFU, crediting stolen fund and reimbursement directly from the SAFU, that's a whopping $80m! From the SAFU! I don't know they could have so much fund from the SAFU, they could be very wealthy?
You don't understand, the lost money is not from Binance's own pocket. Those where user funds, at the moment of the hack Binance as a company or a business didn't lose anything, their balance was still zero what went missing were the user funds. So previously the balance was: hackers 0 / customers 100 million/ binance 70 million (I put 100/70) as an example, randomly) After the hack: hackers 40 million / customers 60 million / binance 70 millions After SAFU deployed: hackers 40 million / customers 100 million / binance 30 million In your example is like you lose 40$ from your wallet on a bus, then you go to an ATM, pull 40$ to replace the 40$ and you end up saying you lost 80$  Look at this, everyone think $40m isn't sound like a big deal. And when I try to double it to, say $80m, suddenly, everything changed, it feel like a lot of money to them, because why? People have selective sensitivity toward the money. Of course, all thank to the Pavlov dog training we have all over the social network trying to make us feel $40m is just a small peanut, but a $80m will effectively pull them out from dream into the reality. And I'm using it purposely, to wake them up, to see clearly what are they looking at. Btw I'm truly appreciate you to took your time to point out the mistakes, I could have make a better prank next time. Also I'm very skeptical that how Binance could make $40m within 45 days alone from trading fee, I think it is a lot more exaggerating than doubling the $40m, and many will still fall for it. |
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I hate to fix your maths, but please be realistic, Binance are losing $40m to the hackers alone, and they are going to fork out the loss to compensate the users, another $40m gone from the SAFU, add it up and it's a whopping $80m of loss they're facing!!
Don't try to fix something that is not broken. A guy steals from the cashier 20$, he goes to another one, buys beers for 15$, gets 5$ back. How much did the store lose, 20, 35, or 40? If the 40 million were stolen from user's funds Binance didn't lose a single penny till they said they will compensate the users. If the 40 million were stolen from Binance funds it makes no sense for Binance to compensate themselves, right? By the context you're correct, and I'm trying to be very picky here, and I choose the term "SAFU" fund, in accounting, money need to be credited from something, it can't be nothing like air, or like a Federal Reserve scam, I think it is wise to credit all the fund directly from the SAFU, crediting stolen fund and reimbursement directly from the SAFU, that's a whopping $80m! From the SAFU! I don't know they could have so much fund from the SAFU, they could be very wealthy? |
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Actually it is good that they have a safu and paying back to people but on the other hand i would prefer safu fund would be there but never needed to use. Because that fund has a limit and if a bigger hack like instead %2 of the btc, %100 of the btc hacked, that fund would only cover some part of the hack.
And just read an analyze that binance would recover 40m $ in around 45 days. So it is not a huge blow for them financially but a huge blow for them in trust. We still don't know the details of the hack and i believe we need to know. Regardless i will withdraw my btc after withdrawal is open and i will only use binance for trade, not holding anything just because it is convenient.
I hate to fix your maths, but please be realistic, Binance are losing $40m to the hackers alone, and they are going to fork out the loss to compensate the users, another $40m gone from the SAFU, add it up and it's a whopping $80m of loss they're facing!! Compare to the bitmain quarterly loss of $500m which is one off event, Binance are having a two off capital loss!! And tell me Binance could afford the loss again? I think bitmain need to go full retard and undergo a large scale firing squad, I don't think Binance could be so lucky. Feel free to fix my maths. |
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I can't believe how you came to conclusion so quickly. You know I'd contacting my lawyers now and summoning Binance to the court of justice to prove themselve NOT guilty! And I don't want to listen to any excuse, if Binance do not appear within the time frame of 21 days, I'm sure they would be in the FBI most wanted list of criminals pursuit, they better be preparing their butt.
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Bitcoin SV get delisted and soon after that the hacks follow, I think the hackers must have suffered too much damages from the delisting and want a sweet and quick revenge, I'm not pointing who is the hacker, it is all up to you now.
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That's very good, I got a lot of profit from the pump, but with price of bitcoin going too high, I will need more money to collect more bitcoin, what do you think the best way to get more btc besides buying it?
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I don't believe anyone who suggest Binance can help themselve with the amount as huge as 40m, they have no idea what will come next. Do you think 40m is very small for Bitmain too? I think they're going to fire a lot of staffs, starving for a long time, or even need to torture themselve for some petty stuff. Downsizing their operation, and even cutting down on security expense, I personally don't want to see it coming, Binance has a lot to do but a financial set back going to hurt them badly. I believe Binance are not as huge as bitmain and they certainly can't afford the 40m loss. Btw most hackers would have preferred Binance to just take the loss and move on, and I vowed to make the life harder for them. The entire crypto sphere are coming to a complete halt because of some naughty hackers decide to flip it upside down. It's not even funny to begin with. And I believe this hackers are hired by some notorious pundits, just like some bad guy in the movie the big short.
I don't think so, if the binance staffs come out clean there will be no need firing them as I have been following up from CZ twitter handle all those who pledge support, donations have been asked by CZ to donate such found to charity and that the is a mechanism being design to take care of this loses. 7,000 bitcoins is really a huge amount but I believe binance will come out strong. I would love to think positively, of course everyone would love to be free of troubles, but what do we have in the past? Did bitfinex and Mt Gox taught us something that we don't know? I think Mark Kerpeles are a spoilt brat, that's he deserve what he have today, but CZ are now in the deep shit as close as Mark Kerpeles, I'm not going to wish him the worse, and well when its about money, we don't really want to forgive anyone, we can go as far as putting the innocent to the jail, this is the risk CZ may be facing, unless he could come out with the money to shut everyone up. And for Binance which is a very big exchange by volume and money traded, I think they're dealing in millions to billions trades everyday, and it is almost certain these are some of the elite in the crypto who trade in the exchange, and these elite aren't so forgiveful when it come to money, they are most likely calling their lawyers right now preparing to bring the exchange down at the right time. |
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