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Author Topic: Bill Gates and Warren Buffet are the newest critics of Bitcoin. (From CNBC News)  (Read 330 times)
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May 07, 2018, 08:09:00 PM
 #21

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?
The financial situation of the world gives wealthy people the power to control cash flow. But with Crypto currency that power is changing hands
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May 07, 2018, 08:16:53 PM
 #22

Both Warren and Bill Gate are quite influential  globally with lots of followers w there criticism will definitely have an impact on Bitcoin, sure Bitcoin has come to stay globally.

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May 07, 2018, 08:24:29 PM
 #23

Buffet used to be a critic since he heard about the independent money. His 80 year old brain can't comprehend that money can have no organization standing behind it.
Gates on the other hand sounds like he's scared of the scammers, hackers and money launderers. He used to support technology and progress but now he's just an old man scared for his fortune.


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May 07, 2018, 08:43:06 PM
 #24

Both Warren and Bill Gate are quite influential  globally with lots of followers w there criticism will definitely have an impact on Bitcoin, sure Bitcoin has come to stay globally.

Bill gates says A this week and he will say B next week, I can't take people like that serious.
Go back to building some more backdoors Bill  Roll Eyes

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May 07, 2018, 08:50:24 PM
 #25

Warren Buffet is an old school investor and made his fortune over a long period of time. Now with cryptocurrencies some people have made their fortune in a very short period of time. That's something Warren Buffet cannot understand and that's why he's criticizing bitcoin. Bill Gates on the other hand, should understand this modern technology, that's why he was first pro bitcoin. Maybe he can't stand it that some make millions with bitcoin so easily.

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May 07, 2018, 08:58:11 PM
 #26

What I would love is for a reporter to quiz Buffet to determine what his actual knowledge of crytocurrency is. They just assume he understands the technology and its use cases. I don't think he does.
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May 07, 2018, 09:04:36 PM
 #27

What I would love is for a reporter to quiz Buffet to determine what his actual knowledge of crytocurrency is. They just assume he understands the technology and its use cases. I don't think he does.

I'm sure he understands it. He just doesn't like it because it threatens every business he has his hands in and undermines a long-held and much-lauded belief system. He didn't care for Google and Amazon, either.

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May 07, 2018, 09:24:57 PM
 #28

I think this is about their analysis of the crypto world, they see that the crypto world will not last for a long time, so the crypto world is not a good choice to invest. then, especially the warren buffet like the one who hates bitcoin. he said that the crypto world is the bubble.

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May 07, 2018, 09:27:07 PM
 #29

crypto makes many rich

everyone that wants to become rich can become, you just create 5 million cryptotoken sell one for 1 usd and suddenly you posses an asset worth 4.999.999 usd you have become a millionaire

(facepalm)
no you dont become a millionaire that way. because you dont have $5mill waiting in bank accounts with your name on it.
market caps are a meaningless number. no one should care abour market caps. no one should mention them no one should use them aas a stat.
they are a meaningless thing.

all that matters is the price of a single coin and the cause/reason for the price of a single coin. if a coin has no purpose/no function then dont expect much

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May 07, 2018, 09:55:06 PM
 #30

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

It's a free world and everyone has rights to talk. Especially on something decentralized bitcoin. Because they don't have to face defamatory lawsuit due of that. So here they are talking non sense about crypto currency. But this is not the first time especially for Mr. Buffet. He has been attacking bitcoin since long time now and stopped making sense to the worldwide crypto community.

Mr. Buffet is speaking against bitcoin for the same reason Mr. Dimon did. They are from organized financial business which is being directly affected by bitcoin and other crypto currencies. But I see no sense when Mr. Gates speaks against it. Their field of business doesn't even correlate. Probably he is heavily influenced by Mr. Buffet or taken a huge short position on bitcoin's price!

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May 07, 2018, 10:25:56 PM
 #31

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?
There is a simple reply to them and that is they do not know about bitcoin and they do not know about the digital world and its future that is all. They are only rich people and are not the expert of finance especially in the digital world. Or they do not want others to become rich like them. There is also a point that this field is becoming more successful and bill gates have fear that it will be bigger than microsoft.

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May 07, 2018, 11:39:32 PM
 #32

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?
It's because they want to manipulate the market of cryptocurrency, they will say bad things about it to create fear to small investors and of course people will react and panic because those people who said those things have influence. I'm sure they don't want the price of Bitcoin to surpass the $10000 mark yet so that they can buy at the bottom. They will not agree to be interviewed and ask about Bitcoin/cryptocurrency just because they want to say their opinions, I'm sure there's a hidden agenda and that is to manipulate the price. I remember when Bill Gates said that Bitcoin is better than currency few years ago while the price is not that high, now that Bitcoin price went up he's now on the other side, lol.
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May 07, 2018, 11:49:08 PM
 #33

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?
I can't anything about them criticizing about bitcoin. They are free to do so but I doubt it that they never invested to bitcoin and cryptocurrency. Bill Gates once said that he do believe bitcoin and even said to "buy bitcoin" I forgot the youtube channel I watched it. And about Warren Buffett, it's still a mystery if he's an investor or only giving constructive criticism. IMO, these people just want to give a full blow to the market so that they can short and pump through their publicity and words.


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JesusCryptos
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May 08, 2018, 12:02:53 AM
 #34

I guess that the richest people in the world can be in denial of the fact that there are OTHER ways they could never imagine of thinking money. I'll remind everybody of the fact that when Internet has appeared Bill Gates was a major critic of it, and he declared that it had no future.

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is crypto freedom?


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May 08, 2018, 01:15:34 AM
 #35

there will always be people who are against bitcoin. some of them are rich, some of them are poor. that does not matter to me. i do not care what some people say about bitcoin.

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May 08, 2018, 01:34:22 AM
 #36

crypto makes many rich

everyone that wants to become rich can become, you just create 5 million cryptotoken sell one for 1 usd and suddenly you posses an asset worth 4.999.999 usd you have become a millionaire

(facepalm)
no you dont become a millionaire that way. because you dont have $5mill waiting in bank accounts with your name on it.
market caps are a meaningless number. no one should care abour market caps. no one should mention them no one should use them aas a stat.
they are a meaningless thing.

all that matters is the price of a single coin and the cause/reason for the price of a single coin. if a coin has no purpose/no function then dont expect much

but thats how cryptocurrencies and digital assets work

just declare it publicly being worth 5.000.0000 and act as if they do "HODL"

this will emberass the american US Dollar Bankster Cartel and they lose a lot of power.

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May 08, 2018, 01:35:02 AM
 #37

Warren Buffet was never good at technology, there is no way we should believe in what he says about Bitcoin.

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May 08, 2018, 01:36:37 AM
 #38

Warren Buffet was never good at technology, there is no way we should believe in what he says about Bitcoin.

its not about tech, this is about the banking cartel,

a destroyed banking cartel will sooner or later wreck the value of equity and property, buffet knows that so he opposes cryptos, and the ram of it "bitcoin"

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May 08, 2018, 01:55:20 AM
 #39

because they are losing their dollar power.
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May 08, 2018, 02:28:59 AM
 #40

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell



They are using his/her popularity because they most influencial in the world.Most of people know them thats why they making strategic way to trick those people are holding thier assets like bitcoin to sell.Because their business may be passing by bitcoin, because bitcoin is faster in its market development.

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