Brenda Karenn
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June 04, 2018, 06:08:00 PM |
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Actually, Warren Buffett isn’t interested in Bitcoin at all. He just recently told CNBC that: "in terms of cryptocurrencies I can say almost with certainty that they will come to a bad ending." In his view, cryptocurrencies are a bubble that are purely driven by speculation.
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John Williamss
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June 06, 2018, 10:04:26 AM |
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It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.
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TrufieldICO
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June 06, 2018, 10:20:46 AM |
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Because either he doesn't understand it or sees it as a threat to his investments which are in fiat currency.
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Stormyblue
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June 06, 2018, 10:35:20 AM |
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Warren Buffet believes that Bitcoin is a bubble and an anonymous technology. H eclaims he doesn't invest into ventures that seems anonymous. He has a point though but some crypto analyst has responded that is antagonizing crypto because it is a threat to him and his businesses
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DoublerHunter
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June 06, 2018, 12:56:31 PM |
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Because he doesn't invests in something that he doesn't understand, he has said it numerous times. Just like he was wrong about Google and Amazon, he is going to be wrong about Bitcoin. Its just about time. Also he hates on Bitcoin cause it threatens banks and he is heavily invested in bank stocks.
He is old now and he is still sticking to his old strategy and standards which is the reason for him to not accept bitcoin and other type of opportunities that came into his life. He is still sticking to his principle and beliefs and we can't do anything about that but just wait and observe how bitcoin will prove that Warren Buffet is wrong.
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Dmitry.Vastov
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June 06, 2018, 01:11:36 PM |
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To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all. Warren’s strategy is to have an adequate but consistent return over a long period of time. The key is that he knows he will be rich someday, but he is not in a hurry. In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style. So what is your opinion?
Everyone has its own way of minting money. Some earns it by very hard work and gets a very little money in return and some earns millions by just sitting in their cabins. The only difference is those in cabins invest money wisely. Bitcoin is that kind of investment where you can get very good profit in very short span of time and on the other hand investing into other investment is for long term, so everyone has its own monopoly of earning money but I just wants to advise Warren Buffet that he should invest in bitcoin for once.
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alex_gr_cc
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June 06, 2018, 01:21:48 PM |
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Warren Buffett did not even invest in Internet companies and social networks. He repeatedly stated that he invests only in the business that he understands. The cryptocurrency market is an order of magnitude more complex than the technology companies market. Moreover, the cryptocurrency market is very speculative. Buffett is not a supporter of speculation.
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jaaeeeyyyy
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June 06, 2018, 02:14:13 PM |
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To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all. Warren’s strategy is to have an adequate but consistent return over a long period of time. The key is that he knows he will be rich someday, but he is not in a hurry. In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style. So what is your opinion?
investment is a choice and that choice lies from our mind in analyzing the results and the investment system if someone already assumes what he wants to invest it is bad certainly they will not be interested anytime when investing with bitcoin That's why it is important to understand the ways of earning of a certain investment firm before biting the bait. Warren's principle of earning does not match with bitcoin which is a One Big Kaboom compared to Warren Buffet's principle which is Slowly but Surely. He only exhibited one of the most important characteristics an investor must learn and that is looking before you leap.
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bohtrung3
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June 06, 2018, 02:19:46 PM |
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for the entire cypto market driven by influencers and wealthy people. but what makes us think that Warren is not investing in crypto? Maybe he's deliberately spreading fud and calling btc scam so he can buy more bitcoin for now, we'll be surprised if he announces soon that he started investing in crypto. He's too smart to miss the most profitable dairy cow in decades this year.
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blackandred
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June 06, 2018, 02:41:22 PM |
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Very understandable in his part. He says that he doesn't understand bitcoin or blockchain technology in general, so it would be very understandable that he doesn't want to invest in it. Unlike those people who just invest in bitcoin solely because of the price rise, and nothing else. There's a reason why Warren Buffet is a billionaire and most of us are not.
buffett only invests in areas he is familiar with . bitcoin is a new area . he is not familiar with it . this is normal . when the car was just discovered . many aristocrats laugh at it in the carriage .
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kasemin
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June 06, 2018, 02:44:36 PM |
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Because he is the age parents who do not understand technology. If you look at the portfolio rather than just investing in some traditional things, then he does not understand one thing about technology and does not invest in innovative things. What do you expect. Bitcoin is too technical. Technology is far from being embraced by the old generation because ot complicated. They have lived most of their lives without relying on computers.
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Washball
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First crypto index traded as a token!
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June 06, 2018, 02:57:33 PM |
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Warren Buffet doesn't need anymore money, he's one of the richest persons in the world. But the point is, he does not believe in cryptocurrencies, he's an old school investor. He does not understand crypto and believes there's no value behind bitcoin.
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moshk555
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June 23, 2018, 07:25:28 PM |
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Warren Buffet has built his portfolio by conventional investments in commodities. He does not invest in companies he does not understand which is mostly commodities. He refrains from technology companies as that is not his area of domain.
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mudasarali43
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June 24, 2018, 07:16:09 PM |
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Warren Buffet invests in Bitcoin because it is causing huge new projects and great demand with the latest technology and all attraction and the best and more favorable thing for all those who want to come on the latest technology in the world,
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jjjrmy
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June 24, 2018, 07:42:14 PM |
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Everyone got their choices and reasons as to why they do certain things, Warren is a known Investor but he too have priorities, he choses where to put his money and where not to. and he chose against investing in BTC which is totally his right,
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IanRosmarin
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June 24, 2018, 08:06:58 PM |
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Warren Buffett thinks that the bitcoin is a soap bubble and this is the only reason why he doesn't care for them. He perfectly understands that it will soon burst.
I hope your wrong!
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btyco
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June 24, 2018, 08:12:45 PM |
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Buffett's expertise is in the corporate sector, he knew the bottom of the recent credit crunch crisis and bought at the bottom. He knows nothing about bitcoin so he will never invest, but that doesn't mean others won't.
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successful7
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June 24, 2018, 08:31:12 PM |
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Exceptionally justifiable in his part. He says that he doesn't comprehend bitcoin or blockchain innovation by and large, so it would be exceptionally reasonable that he wouldn't like to put resources into it. Dissimilar to those individuals who simply put resources into bitcoin exclusively in view of the value rise, and that's it. There's a motivation behind why Warren Buffet is an extremely rich person and the greater part of us are most certainly not.
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rickn
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June 24, 2018, 08:39:30 PM |
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If I had the fortune that Warren Buffet has, I would also ignore bitcoin and altcoins, as I would not need to put my money at risk in this volatile foreign market
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NereuFajardo
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June 24, 2018, 08:51:39 PM |
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He always said that it was gonna bea mistake to invest on bitcoin, and he was right at some point, but it all depends on the way that you see bitcoin
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