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Author Topic: Do you agree with Warren Buffett's Thoughts on Bitcoin  (Read 548 times)
iv4n
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October 31, 2017, 10:43:08 PM
 #21

Not at all. Why would I care about the opinion of someone who doesn't understand Bitcoin? It makes absolutely no sense. Bitcoin has been subject to a whole lot of unwarranted criticism by banks, governments, insanely wealthy individuals, etc. It didn't have any impact on Bitcoin at all, because most people know better than that. The entire crypto market is progressing in a rapid pace, and with that comes a better overall understanding of what Bitcoin is about. Let people talk whatever they want, if they don't understand what Bitcoin is, and aren't able to come up with justified constructive criticism, they at all times should be ignored.

I'm not even sure if he understand what bitcoin is, too. He's an old person and they don't understand very technologic things such as bitcoin and blockchain. So he made wrong negative comments on bitcoin, I found his arguments are wrong.

He understands what is bitcoin, what he is trying to do is to calm down his investors who are thinking to move money from his investment companies to cryptos. He is not first who say that bitcoin is one big scam, many before him done the same and all of them are from investment, banking, government sectors. Bad comments about bitcoin is something that I'm use to see since I'm here, and what they are saying is completely wrong and fact is bitcoin itself, where it was before and where it is now, community is growing, price is growing, bitcoin is stronger then ever before, anyone who search a bit more about bitcoin world will realize that after couple minutes.

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pinoyden
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October 31, 2017, 11:17:16 PM
 #22

It is a bubble, but that doesn't mean it'll burst soon. With enough enthusiasm + limited supply, it could take decades to burst. Think Bernie.

no , i dont think bitcoin is a bubble. bitcoin plays a big part on our daily life and it has major role in our society that is why we need it in order for us to have an easier life and to give also inovation to the economy , thats why i dont think that bitcoin can instantly pop and disappeard one day.   though i believe that its price  will be corrected and will stabilize soon because many people are only depending on it and they think its an easy money to invest in bitcoin.
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October 31, 2017, 11:25:54 PM
 #23

of course there will be a lot of feedback that might make bitcoin holders worried,
but i never heard of any issues about bitcoin,
because I prefer to use bitcoin as gambling
and not focus on trading,
so I never care about any issues that arise from trading.
I only see the price as a benchmark to gamble

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October 31, 2017, 11:27:28 PM
 #24

This guy doesn't know anything about crypto, they will rule his world soon.
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October 31, 2017, 11:32:57 PM
 #25

I think he has good knowledge about BTC... And invested self into it.
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October 31, 2017, 11:50:57 PM
 #26

World’s leading investor Warren Buffett is not impressed with increasing Bitcoin Price. Warren Buffett thinks that Bitcoin price is a bubble. Do You Agree with Warren Buffett

When we think about what that particular person says we have to understand the reasons behind his words. He says what he should. May be he is protecting some of his assets or businesses that he invested. May be he says what he really thinks but he could be wrong. Anyway we should analyse much more information sources to create our own opinion. Personally i don't agree with him. I think we are far away from the real bubble.



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November 01, 2017, 12:23:45 AM
 #27

I'm also under the impression that Buffet sees Bitcoin as an asset and not as a technology, so his way of valuing can't apply.

Ask one hundred people what Bitcoin is and you'll get one hundred different answers. The only way we'll know is to let it continue doing its thing and see what happens. It's one of the great unknowables of the modern age.

Which is what makes Bitcoin so interesting to those who want to tinker with it. But also makes it so frightening to those who don't want to learn more about it. This isn't even it's final form!
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November 01, 2017, 12:29:36 AM
 #28

Do i agree with him of course no. We all know that warren buffet is one of the most successful investor and businessman in the world. He has also books about investing which is actually useful on my trading/ investing on stocks, but Warren Buffet investments and style is really low risk. He will always calculate his risk reward ratio now with crypto currency it is new to him and it is uncharted territory for him as an  investor unlike stocks that has decades of history which he ia very comfortable with. We might never see him change his opinion about bitcoin and i personally agree on his investment rules and opinions but not when it comes to bitcoin.
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November 01, 2017, 01:48:09 AM
 #29

Well he is free to tell on what he thinks about Bitcoin , but he will ate what he said if BTC hits already $50000 per BTC .  Grin
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