Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”

[zycrypto]

Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher


One of the biggest risks of being successful is arrogance. Based on your prior successful endeavors, you tend to become more and more opinionated and try bolder and bolder scenarios. One of the most successful persons in this world, Warren Buffet, made such a bold claim in 2014:

Read More => https://zycrypto.com/warren-buffet-2014-bitcoin-mirage-stay-away/

[Don Pedro Dinero]

Warren Buffet is probably the best long-term stock market investor but that doesn't mean he is infallible. Anyway, I think his opinions on investment in general should be considered. Most of us in this forum probably don’t agree with him in this point but would be quite happy to have a tenth of his wealth. Besides, other great investors like Richard Branson or Bill Gates don’t agree with him.

It would be interesting to know if he keeps thinking the same though.

[CryptoBeefy]

There's a warren buffet on Twitter, not sure if it's the real person or not but he is always suggesting purchasing LTC

[VitKoyn]

He probably changed his mind and started investing in bitcoin after that statement. Being one of the most successful man in the world doesn't mean you know everything and doesn't mean your always right. btw he's and idiot to say that bitcoin can be replicated in bunch of different ways

[lonelygrimm]

If you have money and strong power to control graph in a minutes it doesn't mean you can predict what will happen in the future, same in here, even Warren is a great investor it doesn't mean his every words is true.

Maybe he changed his mind and start joining us too 

[TheQuin]

The Bitcoin story is far from finished. Warren could yet be proven correct on this. I'm not saying he is but manias and bubbles can last a very long time, even a decade or more, before they explode.

[Ucy]

Probably an old school based analysis? or he understood what Bitcoin could potentially do, panicked & lost control of his rational mind.

[Coffee135]

I doubt very much that he did not put his money in bitcoins. Really he is a graduate of the old school and cannot immediately respond to the new reality, but his instinct is there anyway and I am sure that he did not give up this opportunity. He will not tell you this because such people is very difficult to admit his mistake.

[Sahyadri]

Maximum people were skeptical about Bitcoin in 2014. Many are still today, but number has gradually decreased this year. In 2014, approximately some 1-2 million people were in Bitcoin and was completely a new commodity. Anyone would think that it will fail. Warren Buffet is indeed good with stocks and shares. But cryptocurrencies are way different from them and during that time governments were also wary of Bitcoin and were advising people to stay away from them. Anyone could feel that Bitcoin won't survive. Bitcoin has always been unpredictable.

[Singbatak]

Warren Buffet made a mistake in his comments. meaning that you are already an expert and have proven that you should not be proud. Always humble as you go to good life. We know that Warren is a successfull buisnessman and many have proven. Now what does he think? did he eat his comrades? And now we know that warren has invested in bitcoins.

[Victorycoin]

I sincere think his shortsightedness should be over looked because he has always been a bricks and mortar man and for same reason he saw a comparison  between Bitcoin and a check, times are changed now and new things taking over. Overall I think it was providence at work for us, because if he had seen the true picture of things, most of us would have already been priced out of the equation.

[BitcoinHodler]

many others have said similar things. it never made it true. no matter who they are.
many also said bitcoin will be $10,000 in a couple of years back then, that didn't make that true any more either.

all we know is that bitcoin has a lot of potential. it is still experimental to some extent but this experiment has grown too big that it has become very serious now.
you can not deny the big possibility of a good future ahead of bitcoin. there are going to be bumps on the road but it will rise big time like this year.

Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher

if Sevenfold=7x, so did he say it when bitcoin was $650ish? i remember 2014 was a bit lower at $500 and that is more of a 9-10 x rise.

[Juggy777]

Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher


One of the biggest risks of being successful is arrogance. Based on your prior successful endeavors, you tend to become more and more opinionated and try bolder and bolder scenarios. One of the most successful persons in this world, Warren Buffet, made such a bold claim in 2014:

Read More => https://zycrypto.com/warren-buffet-2014-bitcoin-mirage-stay-away/

Like they say all that glitters is not gold, and all that buffet says is not true and right but people yet follow him madly and I can imagine all the people who would not have brought Bitcoin thanks to him, might be cursing their luck as to why did they listen to him. Then again there is one more scenario what if he just said it and brought it outside without telling anyone. He could have brought it through offshore companies who knows the richer you are more the ways.

[yugyug]

for traditional investment method, warren buffet knows it all, he could really grasp and predict the market. unlike in bitcoin and cryptocurrency where it heavily rely on computer network, and blockchain technology was new at that time to Mr. Buffet and he has no knowledge abut it, that's why he release that statement without knowing the importance of blockchain to bitcoin, and 3 years ago today, Mr. Buffet was wrong and many modern financial tech companies admired the beauty of blockchain technology and they are adapting it to their business infrastructure.

[cellard]

There's a warren buffet on Twitter, not sure if it's the real person or not but he is always suggesting purchasing LTC

Lmao that is an obvious fake. Why would Warren Buffet recommend Litecoin when he said Bitcoin is a mirage?
I tried to warn all the Warren Buffet fanboys to stay away from any advice he had to say about Bitcoin and crypto in general. He is simply too old. He isn't cut for the job. His time is over and he should stick to things he know, which he does, but sometimes he is a bit of an idiot by having opinions on things he doesn't know, so he should have keep his mouth shut. Now he will be rendered as another idiot that missed the boat.

On other news, it looks like Peter Schiff may be changing his position a bit about Bitcoin:

https://twitter.com/PeterSchiff/status/905460823170134017
Im sure he holds BTC already and has hold it for a long time even if he has been against it in public.

[Slow death]

Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher


One of the biggest risks of being successful is arrogance. Based on your prior successful endeavors, you tend to become more and more opinionated and try bolder and bolder scenarios. One of the most successful persons in this world, Warren Buffet, made such a bold claim in 2014:

Read More => https://zycrypto.com/warren-buffet-2014-bitcoin-mirage-stay-away/

hahaha

he gave his opinion, I two weeks ago I read many comments from economists who said that it was the end of bitcoin, that bitcoin would fall to $900and many things that today I have not seen

the same thing can be said of the people who said that by the end of the year bitcoin will be worth $10.000, this will be impossible in my opinion

the problem is that people when they do bitcoin analysis ignore the pros and cons that bitcoin has at that moment

for example the $10.000 question by the end of the year, whoever did this prediction completely ignored the problem we will have in November

[orions.belt19]

Maximum people were skeptical about Bitcoin in 2014. Many are still today, but number has gradually decreased this year. In 2014, approximately some 1-2 million people were in Bitcoin and was completely a new commodity. Anyone would think that it will fail. Warren Buffet is indeed good with stocks and shares. But cryptocurrencies are way different from them and during that time governments were also wary of Bitcoin and were advising people to stay away from them. Anyone could feel that Bitcoin won't survive. Bitcoin has always been unpredictable.

We can't deny that Warren Buffet is a good investor with the millions he made with stocks and share, there's no question to that. Judging from the article, Warren Buffet only saw bitcoin as a means of transmitting money and then compared it to a check. Bitcoin is very different with a check. Perhaps Warren Buffet simply failed to see the other characteristics of Bitcoin and did not see its potential. Back then, a lot of other people similarly chose to ignore Bitcoin.

I agree that Bitcoin has always been unperdictable because even up to this very day, no one can say for sure what the future entails for Bitcoin despite the price rise

[haroldtee]

There's a warren buffet on Twitter, not sure if it's the real person or not but he is always suggesting purchasing LTC

I am sure he won't have needed a soothsayer now to tell him how wrong he was. If he was thesame person you saw on twitter, then he must have reconsidered now. Who wouldn't? And even campaigning for LTC?   ... Couldn't blame him though, that was all he could see then! Most of us were not in anyway different.

[CryptoBeefy]

There's a warren buffet on Twitter, not sure if it's the real person or not but he is always suggesting purchasing LTC

I am sure he won't have needed a soothsayer now to tell him how wrong he was. If he was thesame person you saw on twitter, then he must have reconsidered now. Who wouldn't? And even campaigning for LTC?   ... Couldn't blame him though, that was all he could see then! Most of us were not in anyway different.

Very true ... Made some good calls either way on that Twitter account so if it's an impostor, he/she is getting somethings right still.

[ivrynx]

You cannot blame him, back then bitcoin was hard to predit even up to now,  i think if you had read books about him, you'll realize why he did said, what he said, just like cuban, the owner of dallas mavrericks, they know they are influential people,everything they say will have an effect,be it in bitcoin or the stock market. I think warren buftet, already has bticoins, since he knows the gains he will get,but he may be looking at bitcoin to be expensive for him, so say its a bad investment, stay away, a lot will follow him, so maybe the time when bitcoins price back then went down, he bought some right away, and knowing that there is annonymity in bitcoin, no one would ever know, we might be shocked if one day, he discusses on how people became successful with bitcoin, becuase just like ither skpetics, there's no way that you wouldn't want to find out yourself, why people are in it, you need to have it first hand. I think when it comes to a personality saying bitcoin is not a good investment, be it warren buffet or robert kiyosaki, we still need to asses them, the richest man in the world, bill gates even said, that bitcoin cannot be stopped, so now we have cintradicting views, and the latter seems to be correct.

[OmegaStarScream]

He don't consider bitcoin as a currency: https://www.youtube.com/watch?v=qTxPfxmkLIY as for the statement you mentioned, I believe there is no proof that he said that and even If he did, being a billionaire doesn't make him right, bitcoin is doing great and will continue to do so as long as we have good developers and a great community, that's the whole point from having a decentralized system.

[Edrian]

Warren Buffet is probably the best long term stock market investor but that doesn't mean he is infallible. Anyway, I think his opinions on investment in general should be taken into account, no matter if after thinking carefully about it, you finally disagree with him.

It would be interesting to know if he keeps thinking the same though.

This thing that you said is even more interesting.  I just salute the people who accept that sometimes you are not always right.
He did invest on bitcoin after that as someone stated here and I am interested in his way of thingking nowadays when he finally realize the value.  I have heard btc alot of times before and I hate the idea of it " a currency with so much value"?  I don't see why.  But when I finally indulge and cought on the waves,  i realize why.

[digaran]

There's a warren buffet on Twitter, not sure if it's the real person or not but he is always suggesting purchasing LTC

Legit, I am officially vouching for him to be the real deal Warren, I also once heard from his own lips saying to buy BCH back in 2015 before Bitcoin cash even become a thing, he probably had some time machine. lol I'm not going to say what he told me about NEO, but why not? I'm going to say it anyways, buy so many NEO because it will rival Ξ and all of this before even Ξ existed. we should all let this old man be in his last days on earth.

[jaocoincrypto18]

There's a warren buffet on Twitter, not sure if it's the real person or not but he is always suggesting purchasing LTC

I believe he really said that and he meant it because if he will claim that he did not said that during an interview he must sue the site or the guy right away for posting his name without his consent and destroying his reputation. I think he admit it now that he was wrong of early judgemental and maybe he had already investing for bitcoins to benefits the increasing value like Bill Gates do.

[joseafonso123az]

He is  a great investor, so he had is opinion about bitcoin. He mistook the potential of bitcoin,  but he may be  an owner now of bitcoin and other altcoins, because he might already have found the true potential of these cryptocurrencies.  And even if he didn't invest in cryptocurrency, well, it might not make any difference to him, because he is very rich.

[Red Fish]

In 2014 Warren Buffet was 84 years old, so you can understand that at this age people like to take rest and not work hard, so it is a question you can trust to him or not. Plus today Bitcoin price is completely different - it is much, much higher, so Bitcoin mining is much more profitable.

[ekoice]

Warren buffet is a successful investor in stock market and he is one of the richest people in the world.But we could see that through out his trading history,he has stayed away from investing in new technologies and he is satisfied by investing in traditional businesses.Bitcoin,being a new technology,he has no clear understanding about it and so he wishes to stay away from it and also advises investors to stay away from it.So,we should not take his words as a golden rule.Investing in bitcoin depends upon how far we have understood about its remarkable technology and its potential.Any person who knows potential of bitcoin would not like to stay away from investing in it.So,just follow your inner voice which always "Bitcoin,the ultimate way for financial freedom".

[grermezter]

Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher


One of the biggest risks of being successful is arrogance. Based on your prior successful endeavors, you tend to become more and more opinionated and try bolder and bolder scenarios. One of the most successful persons in this world, Warren Buffet, made such a bold claim in 2014:

Read More => https://zycrypto.com/warren-buffet-2014-bitcoin-mirage-stay-away/

Without doubt he is human after all and has made some mistakes even when it comes to investments, i will not be surprised if he has realized his mistakes and has invested millions into bitcoins by now. As i always say it's never too late to invest into bitcoins irrespective of it's current price it will surely go up again.

[Cloud27]

It is only about three years when Mr. Warren Buffet made a bold claim about bitcoin. As what others say to him, he is known for making an investment in a long-term scheme. Maybe the basis for his claim is in a long-term period. Perhaps we have to wait for about 15 or 20 year period, before we make a conclusion regarding his 2014 claim.

[The Sceptical Chymist]

Warren Buffet is probably the best long term stock market investor but that doesn't mean he is infallible. Anyway, I think his opinions on investment in general should be taken into account, no matter if after thinking carefully about it, you finally disagree with him.

It would be interesting to know if he keeps thinking the same though.

He's not infallible by any means, but he has a point and he didn't even lose any money on bitcoin since he never bought any.  He doesn't invest in assets he doesn't understand, and I respect that immensely.  Remember, he's responsible for other people's money, so it makes sense not to buy something as risky as bitcoin--and in the meantime he's made so much money on the stocks he bought that it doesn't matter to him.  Being risk averse isn't a sign of failure.

[carlisle1]

It is only about three years when Mr. Warren Buffet made a bold claim about bitcoin. As what others say to him, he is known for making an investment in a long-term scheme. Maybe the basis for his claim is in a long-term period. Perhaps we have to wait for about 15 or 20 year period, before we make a conclusion regarding his 2014 claim.

whatever he said its just his owned perception about this currency or system, there's two possibilities  maybe he also have a lots of bitcoin or he got some
bad experience about this project but since its just 3 years we cant justified if he will make another statement admitting his mistakes or claimed that he's
right after maybe 10-20 years like what you have said.

[SimonJones]

He's right in the sense that you cannot afford to invest billion of dollars even now in this technology. There are many risks. We can all be right based on our own perspectives.

[Onecoinrabbit]

buffet is a thief.

one of these systemdevils who are trying to enslave the world with their sick poor perverse ideas. nothing else... nothing to admire.

this old devil is chained in the matrix of 20th century.

we, the new generation of the 21th century are living in bitcoin our universe !

[valucash]

At the time Warren Buffet spoke, there were still a lot of widespread skepticism that bitcoin could end up as a puff of a smoke, sometimes it is best to err on the side of caution, he never believed that governments could one day legalize a currency they had no hand in creating and none could have foreseen what took place in 2017 as being a possibility in even a decade's time.

[Rotsor]

Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher


One of the biggest risks of being successful is arrogance. Based on your prior successful endeavors, you tend to become more and more opinionated and try bolder and bolder scenarios. One of the most successful persons in this world, Warren Buffet, made such a bold claim in 2014:

Read More => https://zycrypto.com/warren-buffet-2014-bitcoin-mirage-stay-away/

I wouldn't say he is arrogant. Lots of people did not believe Bitcoin would ever become useful.

[carrie_white]

not the wrong warren buffet if he wrong about bitcoin in the future, because there is no one who can predict the future, what happens with the rapid development of bitcoin can not be predicted