Thoughts on Bitcoin discussion ....

[tayyabdar]

Are you guys aware of discussion on Bitcoin in Business Industry, as Warren Buffet and JP Morgan CEO are critical about Crypto currency as Warren said that it will end badly in near future, and will never invest in Crypto currency.
But now JP Morgan regret his words he said two months ago, and now support the idea of Blockchain and crypto currency.

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[nicster551]

Warren Buffet decides not to join the crypto community because he said once that he will never invest on something that he does not understand in.

[tabas]

I won't doubt that after few months Warren Buffett will also held a public apology and will eat his words against bitcoin. Those words that he said before did affected the market and that's a very normal strategy for them who are famous. Investors are taking their words seriously and just following their words and they are also taking advantage of it, so it's possible that WB bought at dip.

[Pursuer]

these people are only caring about their own benefits so when the say they don't believe in bitcoin it is either the fact that they have found it threatening or they may have been wanting to invest in it. and bitcoin market being small means someone like Warren Buffet can not easily invest his millions in without changing the price drastically so he spreads FUD to keep the price down. same  with the JP Morgan guy we found out they bought bitcoin!!! I don't know when we find out Warren has also bought bitcoin

[hitrawal91]

Are you guys aware of discussion on Bitcoin in Business Industry, as Warren Buffet and JP Morgan CEO are critical about Crypto currency as Warren said that it will end badly in near future, and will never invest in Crypto currency.
But now JP Morgan regret his words he said two months ago, and now support the idea of Blockchain and crypto currency.

Yes, even I came to hear about this recently, and we can understand that it all depends on one's personal belief and approach whether he wants to take part in the cryptocurrency trading or not. Even when a few months back when China bans on ICO and at that time JP Morgan used to say that It's a fraud and now just before two days he says that he was Wrong. I don't think their statements or discussion will affect the bitcoin prices or their trend, so just chill out mate. I knew about Warren Buffet and some his principles as he never invests where there is lack of fundamentals or where he doesn't understand the Cryptocurrency and Blockchain technology in-depth.

[Mometaskers]

these people are only caring about their own benefits so when the say they don't believe in bitcoin it is either the fact that they have found it threatening or they may have been wanting to invest in it. and bitcoin market being small means someone like Warren Buffet can not easily invest his millions in without changing the price drastically so he spreads FUD to keep the price down. same  with the JP Morgan guy we found out they bought bitcoin!!! I don't know when we find out Warren has also bought bitcoin

The thing about these famous investors is you'd only know they invested in something when it already got big and they are encouraging people to invest too - coz they are already planning to cash out. I doubt we can say they'd eat their words when the ceiling rises again since they were probably already in for the ride.

[jseverson]

They're speculating, just like everyone is. The cryptocurrency market is largely speculative, so that's all anyone is really doing. It's just a matter of which side of the fence you're standing on.

Warren Buffet is an esteemed investor, and he's mostly going with his gut. He has admitted himself that he doesn't know much about the subject, so his words mean little.

Jamie Dimon did say he regrets his fraud comments, but he was unclear as to whether he has changed his position, or if he regrets the strong language. He has always been a believer of the blockchain as a technology, and he doesn't think the government will let uncontrollable currencies be uncontrollable for long.

All of this is just noise, and you're mostly better off not taking them more than what they are, which are opinions.

[Herbert2020]

people who are on top of the centralized power which is gained by the fiat and the centralization of that can not and will not understand bitcoin. they will always feel threatened by it. and because of that they will always talk it down and even spread FUD about it.
when bitcoin first came out the same people were saying it will not last more than 2-3 years and will never be worth more than $10 and now bitcoin is 9 years old and is worth more than $13000.

[CryptoBry]

Are you guys aware of discussion on Bitcoin in Business Industry, as Warren Buffet and JP Morgan CEO are critical about Crypto currency as Warren said that it will end badly in near future, and will never invest in Crypto currency.
But now JP Morgan regret his words he said two months ago, and now support the idea of Blockchain and crypto currency.

Of course, almost all people in the Bitcoin community are all aware about these two "clowns" though I have a high respect for the two because of their immense accomplishments but one thing is clear and that is that when it comes to cryptocurrency or Bitcoin these two are definitely not authoritative. They are just expressing their own very personal opinions on Bitcoin and not really discussing anything deep that we can learn of. All of these warnings have been heard before Bitcoin became popular today and we will continue on hearing the same message until Bitcoin is alive.

The media is keep these two guys near the microphone because they have the tendency to say something controversial which can be headline-grabbing.Yet if you look closely they are not really contributing anything to the Bitcoin narrative. May I remind everybody that Warren Buffet is generally afraid of anything high-tech and he even rejected Facebook also...a wrong move which he honestly admitted. While we should always respect the two, we don't have to listen to all they are saying because they can also be wrong.

[SUDARMONO]

JP Margon's words were just a momentary crap to toy with bitcoin prices, so bitcoin prices dropped sharply and as prices fell down the big investors started to invest, it was like a theatrical drama to wiggle bitcoin prices.