Warren Buffet buying bitcoin?

[QuestionAuthority]

It's not like he's buying a lot of Bitcoinz. He only uses it for hookers and blow. For everything else there's MasterCard.

[RodeoX]

What do we hope to determine by asking each other about something we don't know?

[QuestionAuthority]

What do we hope to determine by asking each other about something we don't know?

And now we get to the reason I make fun of threads like this.

[Jet Cash]

I doubt it, because you can't run the bitcoin core at Asda supermarkets (Walmart in the UK )

[BruceFenton]

Your answer please

Why have a poll on a factual statement?

He's not buying Bitcoin

[Blind Legs Parker]

I feel bad for the guy, he could have been remembered for getting this one right too, but he is too old to comprehend.

Don't worry for him. He'll still be remembered as an unmatched master. And besides, bitcoin hasn't succeeded... yet  . The guy is still not wrong as of now. We still have a long way to go. And that is precisely the reason why there's profit to be made by buying and HODLING now in case of future success.

[BillyBobZorton]

I feel bad for the guy, he could have been remembered for getting this one right too, but he is too old to comprehend.

Don't worry for him. He'll still be remembered as an unmatched master. And besides, bitcoin hasn't succeeded... yet  . The guy is still not wrong as of now. We still have a long way to go. And that is precisely the reason why there's profit to be made by buying and HODLING now in case of future success.

But he is already wrong in his arguments against Bitcoin. He is comparing it to a check... that sounds like a joke. I doubt he even understand what decentralization means and let alone smart contracts and all the other possibilities.

[RodeoX]

What do we hope to determine by asking each other about something we don't know?

And now we get to the reason I make fun of threads like this.

Ah. Carry on then.

[Blind Legs Parker]

Don't worry for him. He'll still be remembered as an unmatched master. And besides, bitcoin hasn't succeeded... yet  . The guy is still not wrong as of now. We still have a long way to go. And that is precisely the reason why there's profit to be made by buying and HODLING now in case of future success.

But he is already wrong in his arguments against Bitcoin. He is comparing it to a check... that sounds like a joke. I doubt he even understand what decentralization means and let alone smart contracts and all the other possibilities.

Indeed. He most definitely fails at understanding bitcoin whatsoever. He's human after all: he can be wrong sometimes  . Good for him that he doesn't invest in what he doesn't understand. He'll miss opportunities like that. We all do all the time. But on the whole you'd lose more investing in any stuff that you don't understand then staying at home and counting flowers on the wall. And I mean, he probably was made by journalists into telling his mind about bitcoin, back then. I doubt he'd open it to go on about stuff that he doesn't understand if nobody asked him to.

[target]

Warren Buffet will go down in history as the man that made a fortune with his investments and was usually always right, except in his last prediction of Bitcoin being a failure. Statistically, it's obvious this is one big mistake by him:



I feel bad for the guy, he could have been remembered for getting this one right too, but he is too old to comprehend.

 he said that?  he indeed never really understood what btc is. the better for him to stay away with bitcoin, he'll forever be linked to this thread.

[Denker]

Warren Buffet will go down in history as the man that made a fortune with his investments and was usually always right, except in his last prediction of Bitcoin being a failure. Statistically, it's obvious this is one big mistake by him:



I feel bad for the guy, he could have been remembered for getting this one right too, but he is too old to comprehend.

 he said that?  he indeed never really understood what btc is. the better for him to stay away with bitcoin, he'll forever be linked to this thread.

Yes Buffet really siad that! Well he had never been good in understanding new technologies. He is an oldschooler.
But when I have absolutely no idea I should better shut my mouth, that's why statements like this from one one of the greatest investors of all time is kind of embarrassing.

[RodeoX]

Yes Buffet really siad that! Well he had never been good in understanding new technologies. He is an oldschooler.
But when I have absolutely no idea I should better shut my mouth, that's why statements like this from one one of the greatest investors of all time is kind of embarrassing.

He would likely agree that you should invest in what you know. When I need tech advice I generally don't ask a senior citizen.

[lumeire]

Yes Buffet really siad that! Well he had never been good in understanding new technologies. He is an oldschooler.
But when I have absolutely no idea I should better shut my mouth, that's why statements like this from one one of the greatest investors of all time is kind of embarrassing.

He would likely agree that you should invest in what you know. When I need tech advice I generally don't ask a senior citizen.

Yeah it's probably a generation thing. We invest in digital holdings, the older generations do it in stocks and traditional finance. Who cares? Let them be.

[--Encrypted--]

probably not. he's bashing bitcoin at every opportunity. it wouldn't make sense for him to buy something he's trying to get the public to throw away.

[Asulect]

No, I don't he is buying.  He won't even touch gold, why would he buy bitcoins?

[allthingsluxury]

Likely not, he is incredibly old fashioned Wall Street and he only invests in what he can understand. I highly don't he understand, nor has paid an incredible amount of attention to Bitcoin.

[maokoto]

Probably he is not doing so, at least if he is sincere to his belief. I have heard him speaking and read it, and he is not prone to invest in anything that has no solid value. In fact I read an interview in which he talked about bitcoin and said the value of BTC is in having the ability of storing and transfering money (as a check also has the ability) and that does have value, but not that much to make Bitcoins be worth hundreds of dollars.

[NorrisK]

Nah, he's already mentioned he refuses to invest in anything he can't understand. So no, not likely, but possible nonetheless.

it's not like he can not study it, i think he is scared by the fact that even with his huge skill in trading, he will lose if invest in bitcoin

the market is unpredictable for anyone, even for him, this is the true reason for me

Yes that is true however he may be a believer in the long-term value of bitcoins and still buys them with the intention to hold for the future.

For a billionaire like him, he could buy a lot of bitcoins, become a big whale and may even play around our investments by pumping and dumping lol.  but i don't think he will do this, he'll probably just leave bitcoin to small timers. He'd be much more interested to what he can handle best and know well.

Yeah right... Like he would take the risk of market manipulation.. He probably has investigators on has ass all day long checking every trade he does for even the slightest sign of insider knowledge or manipulation.

Bitcoin trading is a playground for manipulation at the moment, but don't expect the big boys to copy that, they have too much to lose..

[Blind Legs Parker]

No, I don't he is buying.  He won't even touch gold, why would he buy bitcoins?

Man now that I have this information a lot of stuff becomes more understandable all at once. The guy doesn't understand gold either. Well then yeah, you'll never get him to buy bitcoins then. It's no use  

“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Warren Buffet

My dog also makes this "I'd be scratching my head if only I had fingers" face when he sees me doing human stuff that he doesn't understand, such as cutting the branches of a tree standing in my path or other stuff like that. For sure dogs don't bother doing such stuff... yup that's for sure... :-/

[Snorek]

Basically Buffet and others old blood investors are not believing if non-regulated currency. For them current state of Bitcoin is similar to Wild West.
They don't believe government and politicians will leave bitcoin unregulated for long and bitcoin must change to be on par with other payment methods,
when that happen bitcoin will lose its worth, so it is better to leave it alone - Buffet's logic.