WARREN BUFFET says Bitcoin won't end well

[As roma]

There is no exact scenario of bitcoin development, but this is the main interest of working with it. And I hope that the cryptocurrency will have the most optimistic scenario and it will be fully implemented as a currency.

I think he probably does not really understand cryptocurrency and how it works. I want to remind you that Warren Buffet is a new person who knows nothing in the world of technology, so what he says has nothing to do with Bitcoin, or cryptocurrency is just an idiot like you would post what idiots like Buffett would say about Bitcoin, and if you can handle the truth then sell your coins and submit this to us.
 There are many people who say bitcoin will die soon, bitcoin will crash soon, bitcoin is ponzi scheme, etc. And they say this when bitcoin is only $ 600, $ 400, or even $ 100 or less.
 Because the fact is that bitcoin is an innovative technology today. Even if price wise we are not up to the previous altitude, which I think will happen, bitcoin will still serve a certain niche of investors and users well enough that needs decentralization and globalization.

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[AniviaBtc]

Maybe right now cryptocurrency isn't looking great I just don't see why he thinks Bitcoin is a complete scam. Buffet hasn't really given any reason as to why cryptocurrency is a scam.

True, what he said is a speculation only. They wanted the holder release their bitcoins. I don't like hear that negative say, but I like to hear to make me laugh. For me? Btc is forever and the future. Keep holding, you can get a big profit for that.

[wiser]

This article does a great job of analyzing Warren Buffet's consistent criticism of Bitcoin and other cryptocurrencies. The end is probably the most interesting. Look at what Mr. Buffet is heavily invested in and suddenly, his statements make a whole lot more sense.

https://dcebrief.com/buffet-is-wrong-cryptocurrency-has-value-because-consumers-want-it/

[Elachious12]

Am just getting to know about this Warren Buffet prediction, but I don't believe in his prediction why because Bitcoin stands on a decentralized technology.

[yonjitsu]

Warren Buffett may be one of the whales holding volumes of bitcoin in his wallet which clearly means he is a pro bitcoin but he can be also that man who can spread FUD to weaken the beliefs of others which will result to selling off of their crypto assets. As a result, it can cause bitcoin's market price to go down which is also a good time for him to buy another voluminous quantity of bitcoin.

[fuck4ass]

We need to accept we don’t control most things that come our way. We’re either prepared to deal with them or we’re not. One thing I’m pretty sure of: blocking people from investing because it’s in their best interest is just dumb.

Sometimes, even the greatest people make the most stupid mistakes.

[somebadger]

Who cares about Buffet? He is quite old, his opinion doesnt matter much at this moment, also, there are a lot of articles saying that Buffet is losing a lot of money at the moment because of bad investments

[btc_angela]

Who cares about Buffet? He is quite old, his opinion doesnt matter much at this moment, also, there are a lot of articles saying that Buffet is losing a lot of money at the moment because of bad investments

He is not perfect as others see him. He also make a lot of bad decisions in the past and maybe losing a lot of money. However, him attacking bitcoin makes 0 sense for a billionaire like him. Yes, its his opinion, but we all know that every news affects the market trend so him saying negative things really impacted the price together with Bill Gates statement. However, the impact will be short lived and investors interest will not be deter even by this billionaires attacking bitcoin.

[Webadasz]

my opnion is that we should buy more bitcoin 

[damsix]

who is Warren Buffet?
he is not the creator and master of Bitcoin!

remember, that Bitcoin is owned by an individual and can not be manipulated by a Warren Buffet.

it just becomes FUD only, and then green again and go up to number 1 Bitcoin = $ 20,000

[electronus]

"If I could buy a five-year put-option on each of the Crypto-currency, I would gladly do it, but I would never put a cent into short positions on them," Buffett said.

[jessicaldiaseso]

Cryptocurrencies are not stable currency. Their values goes up & down. So we cannot make investment in bitcoin according to anyone's words.

[Haslett5236]

Cryptocurrencies are not stable currency. Their values goes up & down. So we cannot make investment in bitcoin according to anyone's words.

at the end of the day, investment in bitcoin or not, the solid advice of investment is always about
- investing in what you can loss.
- have an idea on your stop loss even before you buy
- understanding why you buy this so that you will be more resistant to the price movement.

[Gudhal Untu]

Everything that ends is certainly not good, and all things will surely end, all users also understand that someday bitcoin will end, with that fact it makes a lot of people do not want to keep bitcoin in large quantity so they will sell even though the price is cheaper.

[ecnalubma]

Warren Buffet is a conservative investor and maybe he doesn’t invest much on technology and don’t even understand it. But no matter what people say negative about Bitcoin or crytocurrency the community is getting stronger as time goes its an internet 2.0 and I’m very positive that it will withstand the test of time and these innovations are phenomenal.

[indayburakday012]

No it will not end to that way. As we all know that many are now having a love to cyrptocurrency that includes also investing on it and somehow expecting to get some profit. So as long as there are investing in bitcoin then it could not end. Some are just so negative where in fact exchanges are so happy now having a lot of people doing transactions with them and of course who would like to end a business like this?

[faithofb]

I can't believe him because he has been saying this thing for long which I believe can never be taken serious again, bitcoin is here to stay let all adopt the new technology

[TrufieldICO]

It is just his opinion. Nothing else. We are all entitled to share our opinions on subject matters

[taeewo]

it will end well, this is just his personal opinion because of the hatred he  has with bitcoin,   time will tell and he will have to reverse his statement

[qwertyup23]

What is your  opinion as per  Warren buffet statement, he is a wealthy giant globally he told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,"
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.

Traditional investors like Warren Buffet usually lays statements prejudicial to bitcoin's existence. Their ways are still inclined to the traditional way of investing, which is acquiring shares of stocks, purchasing gold, investing into bank notes, etc. What makes him say those statements are the lack of any regulation among cryptocurrencies in general. Although he may be against Bitcoin, he is not entirely wrong at all. Having to invest into something that lacks collateral or security is generally risky if you compare it to the other types of investment tools.

Warren Buffet is a conservative investor and maybe he doesn’t invest much on technology and don’t even understand it. But no matter what people say negative about Bitcoin or crytocurrency the community is getting stronger as time goes its an internet 2.0 and I’m very positive that it will withstand the test of time and these innovations are phenomenal.

At some point, I even considered that he is just trolling everyone by influencing them not to invest into bitcoin. Not to mention, he may be even one of the whales that try to manipulate the prices. Well, that is just my opinion considering that he always mention that he hates bitcoin, which I think is very arguable.