Bitcoin loses 10% of its value after being called "rat poison" by Warren Buffett

[freedom_finance]

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?

[pooya87]

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]

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.

[alex129]

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]

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]

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]

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.

[JamescrypTrader]

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 .

[leopard2]

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 

[batang_bitcoin]

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]

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

[Elerntta]

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]

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

[Saisher]

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]

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.

[Oasisman]

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]

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

[sakahayang]

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]

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.

[Meysa_richa]

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.