Bitcoin Forum
October 19, 2018, 06:15:23 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Bitcoin loses 10% of its value after being called "rat poison" by Warren Buffett  (Read 159 times)
freedom_finance
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
May 19, 2018, 03:28:54 AM
 #1

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?

1539929723
Hero Member
*
Offline Offline

Posts: 1539929723

View Profile Personal Message (Offline)

Ignore
1539929723
Reply with quote  #2

1539929723
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539929723
Hero Member
*
Offline Offline

Posts: 1539929723

View Profile Personal Message (Offline)

Ignore
1539929723
Reply with quote  #2

1539929723
Report to moderator
1539929723
Hero Member
*
Offline Offline

Posts: 1539929723

View Profile Personal Message (Offline)

Ignore
1539929723
Reply with quote  #2

1539929723
Report to moderator
1539929723
Hero Member
*
Offline Offline

Posts: 1539929723

View Profile Personal Message (Offline)

Ignore
1539929723
Reply with quote  #2

1539929723
Report to moderator
pooya87
Legendary
*
Offline Offline

Activity: 1428
Merit: 1203


Buy bitcoin they said... who listened?


View Profile
May 19, 2018, 03:37:10 AM
 #2

Currently, Bitcoin prices are trading at $ 9,300.

when you copy stuff, make sure to read them first and also include the link. current price is in $8k range.
this happened on May 5th which is already 2 weeks ago. there is already a lot of discussion about that silly comment by him, if you are interested then use search to find them.

Baofeng
Sr. Member
****
Offline Offline

Activity: 560
Merit: 261


View Profile
May 19, 2018, 03:38:04 AM
 #3

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?



Where are you living in the last couple of days mate? Under the rock? Did you just copy-and-paste that?  Please if you are going to post something, read everything carefully. This is very very old news already. The price of bitcoin is now at $8200 levels not $9300 (checked your statement, I even bolded it for you). It's either you lack reading comprehension or you are just one troll to spread this FUD which its already repeated so many times in the forum.

bustadice         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
[bustadice.
Play
bustadice]
alex129
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
May 19, 2018, 04:26:19 AM
 #4

I have also heard that Charlie Munger, Vice President of Berkshire Hathaway, is even more bitter with Bitcoin. Mr. Munger used heavy words to talk about types of numbers, including calling them toxic. When people are really influential, it is disastrous.
Faithgg
Newbie
*
Offline Offline

Activity: 111
Merit: 0


View Profile
May 19, 2018, 07:11:46 PM
 #5

In my opinion, the supporters of the numbers completely disagree with Buffett and Munger, though they are all legendary investors. In response to negative comments, many argue that Buffett and Munger do not see the intrinsic value of electronic money in the context of the increasingly globalized and globalized world.
SuperD007
Member
**
Offline Offline

Activity: 266
Merit: 12

Treat People How You Would Like To Be Treated.


View Profile
May 19, 2018, 07:27:21 PM
 #6

Warren Buffet needs to stick to what he knows and stop poking in finger in tech related stuff. He is clueless about anything tech related.

He doesn't even use email nor does he use a computer. He also thought Google and Amazon were destined to be huge flops when they were starting off.

Anyone taking crypto advice from him needs to get their heads checked.
o_e_l_e_o
Sr. Member
****
Offline Offline

Activity: 392
Merit: 674


View Profile
May 19, 2018, 07:49:58 PM
 #7

Warren Buffet has a great grasp of technology and the internet circa the 1990s. Just have a look at his website to see what I mean. And that's fine for him - his target audience have a similar understanding. But that's how he makes his money, and so he will obviously attack anything that threatens that.


````````````````███████████
```````````█████████████████████
```````█████████████████████████████
`````````█████████████████████████
````````````████████████████████
```████``````````````````````````````████
`████████`````````````````````````███████
`█████████``````██████████````````████████
█████████`````██████████████```````████████
████████`````████████████████``````████████
`████████`````███████████████``````████████
``████████`````████████████```````████████
``███████````````████████``````````███████
```███```````````````````````````````████
````````````███████████████████
`````````██████████████████████████
```````█████████████████████████████
``````````██████████████████████
````````````````██████████
EtherMium██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
JamescrypTrader
Jr. Member
*
Offline Offline

Activity: 140
Merit: 1


View Profile
May 19, 2018, 08:38:06 PM
 #8

I am agreed with @Pooya87. Price of btc has changed a lot what you are saying about. You should follow the content properly before posting. However, I think price went down a bit after being commented by Warren Buffett. But it will recover soon, I think .

GigTricks
WORLD FIRST INTEGRATED FREELANCE & ON-DEMAND ECOSYSTEMS
WHITEPAPER | BOUNTY | ANN THREAD
www.gigtricks.io
leopard2
Legendary
*
Offline Offline

Activity: 1356
Merit: 1005



View Profile
May 19, 2018, 08:46:40 PM
 #9

Rich people usually become rich by leveraging the fiat money system. It allows them to obtain loans, and loans are money created from thin air. The money is then used to let other people work for them.

For example, a loan is used to buy real estate or a company, and the tenants (or customers+employees) work to pay off the loan.

It is modern slavery.

Of course people who became obscenely rich by leveraging the fiat money system, will call bitcoin rat poison (and gold, too). Well, if Bitcoin is rat poison, guess who is the rat. Hope the poison works  Grin

Truth is the new hatespeech.
batang_bitcoin
Hero Member
*****
Online Online

Activity: 952
Merit: 525

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
May 19, 2018, 08:50:35 PM
 #10

this happened on May 5th which is already 2 weeks ago. there is already a lot of discussion about that silly comment by him, if you are interested then use search to find them.
Yeah it was weeks ago.
Warren Buffett says bitcoin is 'probably rat poison squared'
Though if you'll search it here in forum there has been thread that was pointing to the same topic for the past years since 2014.

vit05
Sr. Member
****
Offline Offline

Activity: 434
Merit: 305



View Profile WWW
May 19, 2018, 08:59:54 PM
 #11

One year after calling Bitcoin rat poison, Warren Buffett buys a stake in an insurance company that works exclusively with blockchain and accepts payments in Bitcoin.

He admits he was wrong and only now understands that the future has come. At that time, Bitcoin was worth only 8k, much cheaper than the current value of 80k


````````````````███████████
```````````█████████████████████
```````█████████████████████████████
`````````█████████████████████████
````````````████████████████████
```████``````````````````````````````████
`████████`````````````````````````███████
`█████████``````██████████````````████████
█████████`````██████████████```````████████
████████`````████████████████``````████████
`████████`````███████████████``````████████
``████████`````████████████```````████████
``███████````````████████``````````███████
```███```````````````````````````````████
````````````███████████████████
`````````██████████████████████████
```````█████████████████████████████
``````````██████████████████████
````````````````██████████
EtherMium██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
Elerntta
Member
**
Offline Offline

Activity: 378
Merit: 10

“Revolutionising Marketing and Loyalty”


View Profile
May 19, 2018, 09:01:05 PM
 #12

Just news was created for manipulation. Buffett didn't mean anything bad, he hinted that bitcoin is already lagging behind many more advanced currencies in technology. And it is inhibiting the development of digital currency.

pitiflin
Hero Member
*****
Offline Offline

Activity: 980
Merit: 507



View Profile
May 19, 2018, 11:24:22 PM
 #13

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?
Warren Buffet is a top notch guy in the stock market. People believe in that guy's shit. So either panic-sellers sold by listening to him,or whales took advantage of the scenario,for explicit reasons.
One year after calling Bitcoin rat poison, Warren Buffett buys a stake in an insurance company that works exclusively with blockchain and accepts payments in Bitcoin.
He admits he was wrong and only now understands that the future has come. At that time, Bitcoin was worth only 8k, much cheaper than the current value of 80k
Wait what? This thing is a year old? Never mind.
this happened on May 5th which is already 2 weeks ago. there is already a lot of discussion about that silly comment by him, if you are interested then use search to find them.
Again. What? This happened two weeks ago.
Screw it ,you're right @pooya87,it is 2 weeks old.

Original Article: http://money.cnn.com/2018/05/07/investing/warren-buffett-bitcoin/index.html


       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██

       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
  B

          ▄▄▄▄▄▄
     ▄▄████████████▄▄
   ▄█████▀▀    ▀▀█████▄
  ████▀            ▀████
 ████                ████
▐███                  ███▌
███▌                  ▐███
▐███           ▄▄     ███▌
 ████         ▀███▄  ▐███
  ████▄         ▀███▄███
   ▀█████▄▄     ▄█████▀
     ▀▀████████████▀▀
          ▀▀▀▀▀▀
T 
.Better. Quick..

.Transparent....






             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀






▄█████████████████████████▄
███████████████████████████
███████████████▀       ████
██████████████      ▄▄▄████
██████████████    ▐████████
██████████████    ▐████████
██████████            ▐████
██████████            █████
██████████████    ▐████████
██████████████    ▐████████
██████████████    ▐████████
▀█████████████    ▐███████▀






                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
Saisher
Full Member
***
Offline Offline

Activity: 420
Merit: 108



View Profile
May 19, 2018, 11:33:14 PM
 #14

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?



I stopped reading about Buffett he is not helping the the cryptocurrency cause, even if the price reaches an all-time high he will still attack Bitcoin, nothing in this world can change his mind or opinion even if majority of the people are into currency but I guess he will not live long enough to see that.

budismile
Jr. Member
*
Offline Offline

Activity: 266
Merit: 1


View Profile WWW
May 19, 2018, 11:54:49 PM
 #15

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?



Do not listen too much to what legendary investor Warren Buffett talks about, he talks that way because maybe everyone has invested in bitcoin not his company.
according to the news that in three years ago you invested in Berkshire Hathaway (buffet-owned company), you will earn 30% profit, less profit when compared to investing in Bitcoin that can produce 100 times more.

▶▶SNODE-THE FUTURE OF MASTERNODE SERVICES◀◀
 ▶▶SNODE COIN (SND)- PRESALE 15/09/2018◀◀
 ✹✹JOIN US NOW: https://snode.co✹✹
Oasisman
Sr. Member
****
Offline Offline

Activity: 686
Merit: 256

Hodl tight, Fight the bear!


View Profile
May 19, 2018, 11:59:50 PM
 #16

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?



Perfect example of a copy paste. Bitcoin is at $8,245 today, why didnt you even bother to edit a little bit of your "copy paste" statement so it doesnt look like one.
On the other hand, honestly, Buffet's statement doesnt really have a huge impact towards Bitcoin price, there must be something that pulls the price bigtime, like a huge sold out of Bitcoin from exchanges.
franky1
Legendary
*
Offline Offline

Activity: 2198
Merit: 1200



View Profile
May 20, 2018, 12:03:19 AM
 #17

bitcoin prices moves by upto 10% daily
others called bitcoin rat poison even as far back as 2013..
the two events are not linked.


Quite a difference from an infamous quip by Charlie Munger a year or so ago: "Bitcoin is a rat poison." Oh, really?

the interview with warren buffet was the interviewer using the term "rat poison" by mentioning the charlie munger refernce and warren bufft with a smile saying "probably rat poison squared"

the thing is..
once you know the RATS = bankers. then i probably would agree that bitcoin should be rat poison. but right now, bitcoin is turning into cheese and they are eating it all up

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
sakahayang
Full Member
***
Offline Offline

Activity: 402
Merit: 100


View Profile
May 20, 2018, 12:48:32 AM
 #18

Bitcoin loses nearly 10% of its value after being called "rat poison" by Warren Buffett.
Ending the US session on May 5, Bitcoin closed at over $ 10,000 per coin. However, only on 6/5, the currency was blown 6% value before losing 2% in May 7th session. Currently, Bitcoin prices are trading at $ 9,300. Bitcoin's bad slump comes after the annual meeting of legendary investor Warren Buffett. Reply to CNBC, CEO of Berkshire Hathaway for Bitcoin with "rat poison."
So what do you think?



Do not listen too much to what legendary investor Warren Buffett talks about, he talks that way because maybe everyone has invested in bitcoin not his company.
according to the news that in three years ago you invested in Berkshire Hathaway (buffet-owned company), you will earn 30% profit, less profit when compared to investing in Bitcoin that can produce 100 times more.

I agree with your comments above, so do not overhear the chat warren buffet, even some crypto currency experts believe that he was wrong in assessing bitcoin, one that speaks so is Darren Marble, CEO of CrowdfundX. he commented that "Warren Buffett has argued repeatedly that he's right, but in the case of bitcoin, he's wrong, because he does not understand technology at all.But bitcoin evaluates someone who does not even use e-mail?
a very spicy comment I think and with the word that the warren buffet does not understand the technology here we can conclude that the warren buffet has wrongly argued about bitcoin
username134
Member
**
Offline Offline

Activity: 96
Merit: 10

AWGTkhebkvXB3aDfV999FECbsMTQSAETb7


View Profile
May 20, 2018, 02:05:41 AM
 #19

What he said is just his opinion, an opinion from one person who may be successful and influential but still one person who may commit mistakes and do wrong judgements. From the title of the article "Warren Buffett says bitcoin is 'rat poison'", well rat poison could only kill rats but it could also harm humans if ingested accidentally. How Bitcoin can be viewed depends from each person, for me Bitcoin is a new technology and an evolution of the money system but of course everyone will accept it as some people aren't willing to accept changes and just cling to what they are used to.

                 SONO PROJECT  ▄▀▀▄░█▀▀█░█░░█░█▀▀█ DRIVEN CURRENCY           
FACEBOOK  TWITTER  DISCORD  TELEGRAMM    ▀▄░░█░░█░██░█░█░░█  WHITEPAPER  BLOG  ANN  BOUNTY  GITHUB
                              ▀▄▄▀░█▄▄█░█░▀█░█▄▄█                           
Meysa_richa
Member
**
Offline Offline

Activity: 266
Merit: 10


View Profile
May 20, 2018, 02:14:51 AM
 #20

It has happened and I believe that the words of the big investors are very influential on the bitcoin price and I hope the big investors make a good word about bitcoin so the bitcoin price can go back up well.

▀          [   BUY TOKENS!   ]   REMCO :  Remittance Token  [   BUY TOKENS!   ]          ▀
World's 1st Powerful Distributed Token-Generating Platform for Money Transfer
▄       WHITEPAPER       ▄        FACEBOOK       ▄        TWITTER       ▄        GITHUB       ▄
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!