WARREN BUFFET says Bitcoin won't end well

[mOgliE]

Hi,

Warren Buffet knows nothing about the future of crypto. Nobody knows. He is wealthy, ok, but this doesn't mean he has particularly good insights about btc.

You should not worry just because some celebrity has made a statement. Being famous doesn't mean being able to foresee the future!

Last, you are worried? Well, sorry to say so but investing in crypto is also being ready for the worst. Each time you nvest, imagine crypto could end tomorrow. That's the kind of spirit that will allow you to really deal wth cryptos..

[iv4n]

Warren Buffet is a traditional investor, and has no understanding of technology. That can be seen from the fact that he invested in Apple Inc. just recently in 2016. If he had the right mindset and knew the potential of the company, he would have invested in that in its early days and not when the stock is already highly priced. Same can be said for the other tech stocks that he didn't invest in in the 90s. How his prediction ends remains yet to be seen, and I am fully confident that his prediction will be proven wrong.

Warren Buffet has also been wrong a couple of times, he even admitted being wrong not to buy stocks from Google and Amazon.

Source: https://www.cnbc.com/2017/05/06/warren-buffett-admits-he-made-a-mistake-on-google.html

There's no reason why he couldn't be wrong on this too.
He might have a point as well, this is starting to look more and more like the dotcom bubble, but that isn't necessarily a bad thing though.

I would think that once the bubble bursts, most of the bad actors in the industry will start to go down, but the good ones will survive.

I personally wouldn't mind a period of relative stability at whatever price point, we've seen it back in 2015.

Warren Buffet is a billionaire investor, until now he had more then 10 statements against bitcoin. If you ask me he is working with China to stop bitcoin, but all of them will suck my d. in the end. Bitcoin doesn't depend of on China and Warren, that's why we support decentralized bitcoin, some other people have vote in this more then whole China together with Warren Buffet. Look price of bitcoin is not dropping, to be clear bitcoin price is already high and simply some people and players are withdrawing the money, nothing strange about it, that happened before many time.
I was here when some people cry how they bought bitcoin on 1200 dollars top and later price dropped to 200 dollar's. Who was patient saw big profit at 19000 dollars. Same is now, be patient if you bought at 19000 dollars wait at leas a year and you will sell at 60000 or maybe more. Don't trust this spammers from China and idiot's like Warren, f. billionaire can suck my d. What good he did for me or anyone else here, we should be strong and stick together against him and people like him.

[oddjob18]

Last time I followed Buffet advice on buying airline stock. People got dragged off the plane and stocks in the airline industry tanked like a skunk. I finally broke even this year. Crossing my fingers that AA or United don't drag anymore customers off the plane. He might not believe in btc. We are doing the same thing he does with companies. We are holding it for the long term. Nothing is gain in the short term imo.

[KingScorpio]

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.

buffet is just a neo-communist, who lives well off the american bankster cartel that forces many people to sell him their time like moden slaves and work in "his" corporations making him a billionaire, and burn their live for him,

there is no wonder he is arguing against bitcoin and cryptocurrencies and hating them, even if he tries to look polite, but its inevitable that his billions will disrupt massively in the years to come as many others

[mekie]

I think he probably has a limited grasp of the technology, hence his views. The volatility in the market is a problem though-however to control the volatility  would need some form of centralized control which of course defeats the object of crypto.

[Joyceshiroor]

Cryptocurrencies are not stable currency. Their values goes up & down. So we cannot make investment in bitcoin according to anyone's words. Our personal decision is what matters here. Dont take decisions according to anyones statement.

[LeeMBlack]

There were really many entrepreneurs and specialists who have talked about bitcoin for a year, probably since its inception ... Since then, how long have we had to wait to see a fortuitous fall of bitcoin? Years! And it could only be given due to governmental factors and probably the sale of contracts through the wall street.

[adekpulpen]

he is not a god, even though he is on the list of the richest people in the world
it's just a speculation, and we can not, just believe it
essentially, do not be influenced by negative news, from whichever source

[Mjeramirez]

I think he is now seeing the profit potential in doing Bitcoin investment, which is why they will keep on bashing Bitcoin in order to bring its current price further down only for them to buy it, its a common strategy by many wealthy investors. I believe that Bitcoin will not end as it is the future of our currency, it is neccessary to revolutionize of financial system to cope with globalization. Sure there are still a lot room for improvement, but I am confident that these will be resolve as time passes.

[ggameon]

I expect that institutional buyersare/ will buy soon and then we will have good news and btc will go up like crazy unsustainably, after that we will see a new crash. This will go on untill the market matures. For now you will have to play ball 

If you have funds wait for the right moment to buy, it may be now for some or later for others, it all depends on your situation.
If you bought it for really cheap and are shitting your pants, sure sell, but for others holding makes sense.
Way too many things are involved in this thing and it is a thing that won''t go away ever. Actually it hasn't begun yet

[newwest]

he is not a god, even though he is on the list of the richest people in the world
it's just a speculation, and we can not, just believe it
essentially, do not be influenced by negative news, from whichever source

Well many big experts in their field have already commented on this and they do consider it as a bubble and nothing more than this. But btc has being fairly doing well other than in the last 2 months where the fall is drastic and it is still continuing to fall. We would require some positive news so that btc starts rising again.

[Harrisonimo]

This is definitely another FUD! I want to believe that over time, this Warren Buffet talks will no longer be taken seriously as people do see the results /outcome of his talks. The good thing is that his thoughts do help the markets in a way to anticipate the market trend from traders' behaviours. Let him continue is talks, those who are reaping from it are enjoying is interference.

[Kidmat]

Everyone of us entitled for an opinion even some saying bitcoin will end. It won't end well although there are many fud happening always that makes bitcoin price decrease. So before we make an action in cryptocurrency think more and decides well. At the end we can gain benefits in bitcoin.

[allthingsluxury]

Warren Buffet has absolutely no reason to support BITCOIN. In fact, it is an enemy of his fiat based money system and therefore should be opposed. No surprise here.

[ingo49]

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.

A lot of people say it for few years and look what happen now.
People are sceptical but in the end bitcoin show them he is here to stay.

[crazyivan]

Grow some balls dude and stop kissing senior citizens asses. Warren Buffet? Do you really think he has ever turned on a PC in his life? It would be like me teaching classes about how to fly a spaceship. He knows shit about crypto and new industries and all he s trying to do is to protect his way of making shitloads of money.

[coingrowth]

warren buffet itself is in big problems so how can he say something about bitcoin future

[jimrome]

Cryptocurrencies are not stable currency. Their values goes up & down. So we cannot make investment in bitcoin according to anyone's words. Our personal decision is what matters here. Dont take decisions according to anyones statement.

When it comes to investment,can you pin point any form of investment that could give you are guaranteed profit,be it in stock exchange or any form of investment,there is no stable prices not guaranteed profits in any investment,if you are able to take the risk,you will reap the benefit .

[Tesla_sweden]

Well, the man does not even have a computer in his office so I would not listen to much...

[Veterock]

In general, Warren Buffet is right, because all cryptoworld is big financial pyramid. But right now this pyramid is still working and we might make profit))