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lorix (OP)
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January 22, 2014, 01:15:07 AM
Last edit: January 24, 2014, 03:13:18 AM by lorix |
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I'm wondering what the impact would be - near and long term - if Warren Buffet / Berkshire Hathaway was to take a significant position in Bitcoin.
I'm not just speaking about the price here, I'm looking at the media impact, adoption, legitimacy, business acceptance and so forth.
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Proud family man, futurist and all-round Bitcoin fanatic!  1KBN5gTzX3ECSu9XHrsZJPsMn7vjT67ciF |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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steelboy
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January 22, 2014, 01:17:06 AM |
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I don't think this will ever happen, not his style of investing
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lorix (OP)
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January 22, 2014, 01:24:54 AM |
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I don't think this will ever happen, not his style of investing
It's not his style to speculate when it comes to traditional companies but currency markets are another matter entirely, and Bitcoin falls more on that side of the fence. I don't believe there was much of a ripple when Richard Branson made his position known recently but then again he is known for unconventional methods. I think the situation would be different if a real market stalwart like Buffet was to adopt. Thoughts? |
Proud family man, futurist and all-round Bitcoin fanatic! 1KBN5gTzX3ECSu9XHrsZJPsMn7vjT67ciF |
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pa
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January 22, 2014, 01:29:37 AM |
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Quite a misleading thread title, OP.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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January 22, 2014, 01:57:06 AM |
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No chance. Warren Buffet would consider Bitcoin to be a WMD just like CDOs.
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Zakendoen
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January 22, 2014, 02:46:48 AM |
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Quite a misleading thread title, OP.
Yes very annoying. |
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TERA
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January 22, 2014, 02:47:34 AM |
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Warren does not invest in commodities. If he invests, it will be into a bitcoin-related company, not bitcoin itself.
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BitcoinAshley
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January 22, 2014, 03:00:48 AM |
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Buffet only invests in things he understand.
Buffet stays away from tech stocks and newfangled contraptions.
Buffet is an old man with an old-school investing philosophy.
Gavin Andresen will be on Oprah before Buffet buys bitcoins.
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aminorex
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January 22, 2014, 05:50:44 AM |
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Buffet only invests in things he understand.
Buffet stays away from tech stocks and newfangled contraptions.
Buffet is an old man with an old-school investing philosophy.
All true, but he would definitely understand bitcoin. He old, but he's clever, and it's just made of cleverness, no social currency required. Bill could explain it to him right quick. And once he understood it, he would buy it. He's no fool. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Lethn
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January 22, 2014, 06:40:58 AM |
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I think we'd have a better chance of Jim Rogers investing in Bitcoin frankly.
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BitBOOM
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January 22, 2014, 06:47:47 AM |
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I dont think this is very likely however there will be many big changes for bitcoin coming up shorty.
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JimboToronto
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January 22, 2014, 07:05:55 AM |
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Warren effing Buffet?
What's that got to do with the real world, let alone Bitcoin?
Strikes me more as some airheaded stockmarket dingbat nonsense than anything to do with real 21st century digital wealth transfer technology.
***Attempts to drag oneself out of 18th/19th/20th century economic cesspool***
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Qoheleth
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January 22, 2014, 07:33:43 AM |
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And once he understood it, he would buy it. Have you ever read his discussion of why he considers gold to be a bad investment, no matter what happens to be going on with the price? |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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lorix (OP)
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January 22, 2014, 07:49:52 AM |
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Warren effing Buffet?
What's that got to do with the real world, let alone Bitcoin?
Strikes me more as some airheaded stockmarket dingbat nonsense than anything to do with real 21st century digital wealth transfer technology.
***Attempts to drag oneself out of 18th/19th/20th century economic cesspool***
I'd agree - Buffet is very much an "old school" investor but his slow-but-steady success over the decades has earned him the respect of Wall Street with many players at the top of town hanging on his every word. I'm just wondering how the financial world might respond if he was to endorse it as a future technology, but let's say for the point of the argument he stays semi-traditional and instead of investing in BTC directly he decided to take a major shareholding in Bitpay, Armory or some other prominent Bitcoin specific company? |
Proud family man, futurist and all-round Bitcoin fanatic! 1KBN5gTzX3ECSu9XHrsZJPsMn7vjT67ciF |
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kaysersoze
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January 22, 2014, 08:04:51 AM |
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I'm wondering what the impact would be - near and long term - if Warren Buffet / Berkshire Hathaway was to take a significant position in Bitcoin.
I'm not just speaking about the price here, I'm looking at the media impact, adoption, legitimacy, business acceptance and so forth.
Then you really don't have a tiniest clue about buffet and his investment style- He won't/didn't invest in google,msft etc because he doesn't understand the business/technology and cant assess the risks involved in new technology companies ( although he invested in ibm because it's a 100y company ) take a look at his portfolio and make a guess yourself. Drop your thought and move on. |
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WompRat
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January 22, 2014, 08:35:23 AM |
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If you want to understand Warren Buffet's investment style then you only need to read one book. It is called 'Security Analysis' by Benjamin Graham and David Dodd. It is the bible of value investing.
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EuroTrash
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January 22, 2014, 08:44:28 AM |
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Misleading title + exclamation mark. OP trying to be smart here.
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herzmeister
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January 22, 2014, 11:01:40 AM |
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Gavin Andresen will be on Oprah
I predict this will happen within a year's timeframe. |
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porcupine87
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January 22, 2014, 12:49:31 PM |
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Quite a misleading thread title, OP.
Yes very annoying. +1 But better then titles like "just saying..." or "I have an idea". |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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EuroTrash
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January 22, 2014, 01:25:33 PM |
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Quite a misleading thread title, OP.
Yes very annoying. +1 But better then titles like "just saying..." or "I have an idea". how about "what if ... ?". Simple, easy, clear. |
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