Warren Buffet and Jamie Dimon Critics Bitcoin yet Again

[sarajahon]

During a joint interview on CNBC’s Squawk Box, J.P. Morgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett voiced wary about Bitcoin.

https://coinpedia.org/news/buffet-dimon-critics-bitcoin/

[o_e_l_e_o]

Maybe Dimon is hoping he can spread FUD through the market so he can buy in more cheaply, just like he did back in September. He says one thing and does another, even as JP Morgan are developing their own blockchain technology.

[OneNattyLitecoin]

Old people giving their commentary on technology is funny.

They’re too vain to admit that their empires were largely fabricated by an antiquated perception of value; a perception that is dissolving before their simply by the society becoming aware of the nonsense that’s made the world go round for the last 40 years.

[sotoshihero]

Old people giving their commentary on technology is funny.

They’re too vain to admit that their empires were largely fabricated by an antiquated perception of value; a perception that is dissolving before their simply by the society becoming aware of the nonsense that’s made the world go round for the last 40 years.

Funny indeed. Also this person made thier fortune in the traditional stocks trading. They made thier name and known in wall street with billions of dollar of assets. This cryptovurrency is a threat to their wealth. They are very negative or skeptical  about cryptos since this is not thier game and they cant control it.

[hase0278]

Jamie Dimon and Warren Buffet criticizing bitcoin side by side? Let's see how far they will go. I see it as an act of despair which resorted to using their social standing to keep people away from bitcoin because it would drastically affect their businesses.

Old people giving their commentary on technology is funny.

Rather than saying old people, I'd say watching high profile figures(on finance) giving bad commentary on new technology to protect their wealth is funny.

[Gabteb]

Then they just want to buy more and hope people start to dump but i think people who here for long time have seen acts like this and already know what is what .

[o_e_l_e_o]

Funny indeed. Also this person made thier fortune in the traditional stocks trading. They made thier name and known in wall street with billions of dollar of assets. This cryptovurrency is a threat to their wealth. They are very negative or skeptical  about cryptos since this is not thier game and they cant control it.

His business is one targeted towards the older generation. Just have a look at Buffet's website here: http://www.berkshirehathaway.com. He has a great grasp of the internet circa 1995. But that's fine, because so do most of his clients.

It is completely predictable that he will talk down anything that threatens his business model.

[franky1]

firstly
warren buffet's R.P squared.. the R.P was something charlie munger said years ago.

back then it was $100

warren added the "squared" part this year. because if you take the price when the first person said it years ago and square it.. ud of got roughly the price it was when warren buttet got interviewed. ($10,000) so he was doing a math price comment of what the first person said years ago
meaning he was commenting more on the price increase than anything

secondly he is risk adverve. and this latest interview is him saying he has a high standard to avoid risk.
jamie dimon says just beware

seems many people are turning a comment of what i consider a negative 2 on the 'give a crap' scale into a negative 2million

if bitcoin is rat poison. great... just remember who the rats are and you too will think its a positive comment
hint wall street and city finance people say their lives are by thir own admission a 'rat race'

[cryptohopes]

Both Warren Buffet and Jamie Dimon are negative about crypto and it is obvious as they can have some  financial loss if crypto market rises up again. For this they are trying to put it down spreading such FUDs.

[Brianlee0112]

We all know about Warren Buffet and Jamie Dimon. They are the big name of the world. These 2 men always criticize against bitcoin. They are not happy for bitcoins success. That’s why they doing this. i think in near future they will understand their fault.

[Kakmakr]

Desperate men, saying desperate things out of ignorance.  They are scared of new technologies and that people might know something about a new technology that they are not familiar with. They have full control over the old Fiat system, because they have friends and contacts in that system, but Bitcoin is not under their control and they do not know who is manipulating it, so they cannot adapt or plan their investments based on tips from their "friends". 

Old money, scared of new technology. 

[Pursuer]

criticizing and spreading nonsense are not the same thing. there are critics of bitcoin and they have valid points too but these two persons are neither critics nor valid. they are both market manipulators who are trying to make money from it. we don't YET have any evidence of Buffet investment in bitcoin but it is highly likely and we already have evidence of JP Morgan involvement in bitcoin and the fact that they bought a lot of it when Diamon's fraud FUD crashed the price last year.
US dudes who are "looking into manipulation" should start with these two gentlemen here and "look into" them before starting elsewhere.

[BitcoinHodler]

the question that you need to ask yourself is this: why do these rich people are worried about our money and whether we lose it supposedly in "bitcoin" or not.
and then think about what would you do if some day in the future like in 10 years you figure out that all of these guys have been buying bitcoin hungrily today that price is so low?

[BQ]

This is just their super tactic to get all the bitcoins really cheap.
Why would they come out and talk about it unless they can gain on it? What's in it for them! 

[blockman]

This Dimon never stops criticizing bitcoin but look at his company. Buying at advantage after giving negative statement about bitcoin.

And about Warren Buffet, he's been standing against bitcoin or he'll show his true colors once the price starts to skyrocket. These money makers knows how to bring a market down and take advantage of it.

[CoinstarF]

This Dimon never stops criticizing bitcoin but look at his company. Buying at advantage after giving negative statement about bitcoin.

And about Warren Buffet, he's been standing against bitcoin or he'll show his true colors once the price starts to skyrocket. These money makers knows how to bring a market down and take advantage of it.

This guy is going to be self centered  he wants to owned Bitcoin looks he stocks many bitcoin in low price it's because he wants to gamble with the small users and that means he already wins even though the price is still in very low let's ignore this kind of trategies the scene looks closed competition with same users and investors.

[Boldcom]

During a joint interview on CNBC’s Squawk Box, J.P. Morgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett voiced wary about Bitcoin.

https://coinpedia.org/news/buffet-dimon-critics-bitcoin/

oh oh!! this is not good but it’s their own opinion. everyone is entitled of their own opinions.

see link : https://blokt.com/news/jamie-dimon-and-warren-buffett-warn-against-bitcoin

[btcdevil]

one should know that new and good things are always criticized but when their real potential comes out , this are the persons who tell us that they were the high holders of bitcoin and were never against of it. This type of fud will never obstacle the belief of the real user of bitcoin

[erickkyut]

Maybe Dimon is hoping he can spread FUD through the market so he can buy in more cheaply, just like he did back in September. He says one thing and does another, even as JP Morgan are developing their own blockchain technology.

I agree. These is the strategy of the popular investors nowadays. They will spread FUD just to make the price lower then they will buy lots of Bitcoin on a cheaper price. A good strategy for them. The best we should do is ride with them. Every time the price becomes cheaper because of the FUD they spread, let's accumulate more coins.

[chriskins]

Warren Buffet and Jamie Dimon are network marketing experts. They critics because they fear for crypto is gradually  taking over and we dominate the online business industries. Were they will make less money from network marketing.