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

[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