[07-04-2018] Cryptocurrency will come to Bad Endings, Says Warren Buffet

[bitzamp.com]

At the annual meeting of his company on Saturday, the 5th of May, Warren Buffet, the billionaire investor and Berkshire Hathaway’s Chairman and CEO reiterated his negative stance towards cryptocurrencies. According to CNBC, Buffet repeated his idea that cryptocurrencies will come to a ‘bad ending’, and claimed that Bitcoin BTC is probably rat poison squared.

Read More: https://news.bitzamp.com/cryptocurrencies-will-come-to-bad-endings-says-warren-buffet/

[InvoKing]

At the annual meeting of his company on Saturday, the 5th of May, Warren Buffet, the billionaire investor and Berkshire Hathaway’s Chairman and CEO reiterated his negative stance towards cryptocurrencies. According to CNBC, Buffet repeated his idea that cryptocurrencies will come to a ‘bad ending’, and claimed that Bitcoin BTC is probably rat poison squared.

Read More: https://news.bitzamp.com/cryptocurrencies-will-come-to-bad-endings-says-warren-buffet/

Fix the month in the title and better to follow the form used by everyone "2018-05-07"

Code:

trading in cryptocurrencies is ‘just dementia’.

Yeah, dementia they said, people become millionnaires from it...haters gonna hate.

[BennyK]

At the annual meeting of his company on Saturday, the 5th of May, Warren Buffet, the billionaire investor and Berkshire Hathaway’s Chairman and CEO reiterated his negative stance towards cryptocurrencies. According to CNBC, Buffet repeated his idea that cryptocurrencies will come to a ‘bad ending’, and claimed that Bitcoin BTC is probably rat poison squared.

Read More: https://news.bitzamp.com/cryptocurrencies-will-come-to-bad-endings-says-warren-buffet/

People like Buffet are just following the trend of fake news all around and making predictions to suit their wits. Perhaps, it was all a planned game with Bill Gates to spread FUD in people and see if their followers will make such movements against Bitcoin and cryptocurrency in general. There is no need to panic on issues like this, as far as we still believe in bitcoin, the future is bright.

[Kemarit]

Hmm. I'm just wondering why are this 2 old farts attacking bitcoin lately? What do they have to gain spreading FUD now? When we are about to make a break out, another FUD comes along, and I was surprised by the timing of the interview by CNBC, I guess this media outlet are against crypto, because its looks like they have spin something out of context interviewing this 2 billionaires and they have like putting words into the mouth of Warren B. and Bill Gates. Are they really afraid that stock or even gold investors are moving to crypto now?

[DooMAD]

Berkshire Hathaway will come to Bad Endings, Says Cryptocurrency Community.

The "rat poison" is the repackaged debt obligations that permeate the derivatives market Buffett operates in.  Even if Berkshire Hathaway have a tendency to be quite selective of the assets they trade in, it won't help them when the entire market collapses.  They've built their nest atop a precipice and one day they're either going to fall in, or the winds of change will give them a push.

However, in the spirit of balance, it's true that many cryptocurrencies will likely come to a bad ending because they are nothing more than the purely speculative assets Buffett believes them all to be.  Those are about as worthless as the derivatives market.  But the cryptocurrencies that have substance will outlast both.

[Luminous-Nova]

i think he is not a fare judge in this bussines, anyway you should never forget this title and you should read it 5years laters then complane his words!

[Karartma1]

Berkshire Hathaway will come to Bad Endings, Says Cryptocurrency Community.

Well said! He's mostly afraid that the only asset that could go parabolic and overtake BRK.A evaluation is Bitcoin! Imagine the day Bitcoin will trade at those levels. That's going to be a priceless event