WARREN BUFFET says Bitcoin won't end well

[wairawein]

Many people have said that, but maybe Bitcoin is good and there will be no end.

[noictib]

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.

Everyone in this world is free from any type of the restrictions to show his thinking and opinion about a particular thing .
Here Warren Buffet says well because he is saying what he is thinking , according his own analysis he is a better at his thinking , and here I am.with him and his statement because the main reason behind this favour is that , my thinking is fully positive in cryptocurrency field , here every year we seeing that market go for dump and again go for pump and that type of volatility going on that gives us opportunity, so in this way why people will get back , they will take advantage of this opportunity to make money .
And also day by day population of the world is increasing rapidly , so clearly that needs jobs , but as there are limits in everything , so they will move toward the cryptocurrency field , so at another side cryptocurrency are eliminating the problem of the unemployment .
So here how you can say that cryptocurrency end will be bad , surely if it happen then our end will be very bad because this is our need and we can't live our life easily without cryptocurrency .
So Warren Buffet is right at his thinking about the future of the world with cryptocurrency use and acceptance .

[Great Man]

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.

I believe that this old investor speaks on the one hand the truth - because the appearance of bitcoin is not good for the world financial system. And on the other hand, it seems to me that a man is just envies))

Imagine that you could buy bitcoins for a few cents and sell for $ 20,000. This is the dream of any investor.

I assume that in this way he tries to influence the price increase, or, more precisely, to omit the price, later he will buy cheaper..

[SistaFista]

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.

Few months ago, McAfee made prediction about some coins and tokens. And then what, his prediction is out of the market.
So i learn about one thing. Don't rely just on the prediction from someone even they are popular, use your analysis about the market too.

[Goldenmoll1988]

The opinions of high-ranking people are just conjectures. Nobody can know what will happen to crypto currency and bitcoin in particular

[alinapvlvch]

all of us know that courses jump and we can't foresee for certain that will be in 5 years for example. And what is told... if the bitcoin fails, then one will tell that they knew for certain though they have just guessed. And others, in turn, if the bitcoin strongly towers, then will tell that they guessed or still something. so their assumptions only them also are.

[Darker45]

Warren Buffet is not a god, not even near. He may be an institution in terms of investment and business-related strategies but he also has some biases, personal ones, as well as likes and dislikes. So perhaps Bitcoin is not his cup of tea. That does not mean of course that the features of Bitcoin is no good at all simply because someone rich is saying so. That would not be fair. Others who are also wealthy and successful investors and businessmen are thinking otherwise.

[cudomixi]

just because bitcoin will be widely adopted or used does not mean it is currently a good investment.

[horaceN]

He is also biased by default as he is one of the largest shareholders of Wells Fargo. As Bitcoin could very well become a competitor to Wells Fargo, there is a conflict of interest.

[The.Bet.Group]

At least in his eyes, Bitcoin won't end well. It might be a lack of understanding on his side, but we can't blame him for that. If he thinks that Bitcoin will go down in the long run, let him be. We, meanwhile, take advantage of the opportunities presented by volatility, investments, the blockchain, etc.

[thankyoulord]

Now this is a big threat to Bitcoin because Warren is very influential in the finance market and it's sides. This can drastically reduce the investments from Big names, and companies. But i feel, there might be truth in what he said. He's a great investor and an excellent market predictor. If with his level of intellect, having scrutinized the system and comes out to say this, this might be true. But then again, Investment is a risk. And if you really need to make money from Bitcoin, or anything, then you have to follow your own emotional intelligence and brace what could turn out to be, good or bad.

[peterstark]

I have the utmost respect for Warren Buffet, I still respectfully disagree with him. I think bitcoiners can learn a great deal from him regarding his philanthropy and living modestly.

[tonyparker]

Warren Buffet is not a speculator and not even a venture capitalist. He would never buy something that doesn't have a future income stream attached, and he's not interested in funding startups either. And he never invests in things he doesn't understand, and bitcoin would be way past his understanding.

[kobecury]

"Stay away from bitcoin", he said. Sounds like he has some pretty strong opinions about it, beyond a simple lack of knowledge.

[Barretwallace]

Currently, bitcoin isn't over, so please wait patiently for the end of Bitcoin then give us some subjective comments.

[AniviaBtc]

There is truth in his words. If you look at what is happening in the market, you can be horrified. There is a huge number of new projects, and blind investors continue to invest in them. Of course, this situation will not last long and will lead to a bad result. But not for bitcoin.

Warren Buffet said that bitcoin won't end well because he thinks that it is just a bubble which is theoritically wrong. He just don't appreciate intangible investments like cryptocurrency and interested to those tangible asset and businesses. It is just his intuition about bitcoin since the volatility is really high and might crash one day which i think not feasible for now.

[lebronLALK]

It's curious to me that he understands the idea of the power of a brand so well, yet he discounts bitcoin's brand. Brands have the most power when there is the least differentiation in features, like his beloved sugar water, i.e. in commodities. Bitcoin is the ultimate commodity in that in terms of the feature set you can clone it exactly (litecoin, etc). Once established, there will be no unseating it as long as it can grow, as did Ethernet or other widespread standards, to keep up with alternatives.

Bitcoin has much more going for it than just a strong brand. It has the widest distribution and usage of any cryptocurrency and is backed by a well-developed economy and ecosystem.
As you said, as long as bitcoin continues to grow, the network effects that support it will ensure that it continues to dominate the cryptocurrency space.

[Nathanclark]

He didn't dismiss it, he just didn't understand it enough to put his money into it. It's easy to look back and see the returns of the big tech companies and say it was dumb not to invest, but you would have had to know enough to pick those companies over the hundreds that failed.

[williamweber]

He says bitcoin is simply a new, more efficient way of transmitting money. He's not discounting the usefulness of it... just that it doesn't necessarily make a sound investment.

[rhenrhen]

It's his opinion. Everyone of us are entitled to our own opinion. Hopefully, since he is good in the market and economy thingy, the other way may come around.