Bitcoin Forum
June 21, 2024, 09:03:00 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Why does Warren Buffett scold bitcoin?  (Read 266 times)
frlvoleg (OP)
Jr. Member
*
Offline Offline

Activity: 42
Merit: 1


View Profile
June 18, 2018, 07:57:41 AM
 #1

TV anchor Max Kaiser explained why Warren Buffett scolds bitcoin

American TV presenter and bitcoin optimist Max Kaiser attacked the billionaire investor and CEO of Berkshire Hathaway Warren Buffett and his vice-president Charlie Manger. Recently, Buffett compared bitcoin and other crypto-currencies with "rat poison in the square," and Munger called the fascination with them "dementia." Such comments triggered the reaction of millions of supporters of the crypto-currency market.

In response, Max Kaiser, a well-known film director and TV host, in his Keizer Report program on RT, indignantly stated:

Bitcoin is a reaction to Warren Buffett and his friends, corrupt capitalists. They do not want to descend from the pedestals of the clan capitalism and to refuse the free money of the central banks, so they attack the crypto-currencies.
Adding oil to the fire, Manger recently stated that the trade in crypto-currencies is "an occupation for those with an underdeveloped childish mind." Earlier, the 94-year-old Harvard graduate also said that bitcoin is "the top of senility". In an interview with Yahoo! Finance, he called the flagship crypto currency "antisocial, stupid and immoral".

Kaiser reacted to these comments, saying that the crypto currency would soar above $ 30,000 "right before Manger's demise". Earlier, Kaiser claimed that bitcoin could reach $ 100,000.

Without mentioning the time frame, Kaiser said that it is possible to predict the future growth by analyzing the situation in the current crypto-currency market. It is noteworthy that the famous crypto-enthusiast John McAfee several times with certainty expressed that by 2020 the price of bitcoin will reach $ 1 million.

Meanwhile, another billionaire and "bitcoin bull" Mike Novogratz said that it would be "irresponsible" not to have bitcoin in the investment portfolio. Also, according to him, investors should keep 1-2% of their funds in this crypto currency. He noted that people should invest in crypto-currencies, because ultimately the technology of blocking will significantly affect our lives.
xiaodongcun
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
June 22, 2018, 02:38:27 PM
 #2

I think the people around it are losing bitcoins, or he has made a lot of money. These people are all conspirators.
bigcash2011
Sr. Member
****
Offline Offline

Activity: 1442
Merit: 265


View Profile WWW
June 22, 2018, 02:45:56 PM
 #3

I think the best reason why such billionaires create fud about btc and crypto is because of the fact that they think that they have missed the train or late so they want to fud to create panic selling so they can buy themselve for cheap price, just keep holding market will be back sooner or later.

alex-nn
Full Member
***
Offline Offline

Activity: 462
Merit: 104


In Binance we trust!


View Profile
June 24, 2018, 09:57:19 AM
 #4

They want to dump BTC price to make panic sells of the crowd and want to buy the dip for long term hold. When weak hands will sell BTC for cheap - new pump cycle will begin.

► HackenAI ◄ ♦ HackenAI - Personal Cybersecurity Application ♦ ► HackenAI ◄
───●●───●●───●●───●●───●●─[   Bounty Detective   ]─●●───●●───●●───●●───●●───
Facebook|Twitter|Medium|Reddit|Telegram|Whitepaper
denyfirmasyahputra
Newbie
*
Offline Offline

Activity: 156
Merit: 0


View Profile
June 24, 2018, 10:36:51 AM
 #5

I think this is normal because everyone has a positive judgment and a negative assessment of cryptocurrency and Warren Buffet is an example,
Mt. Dempo
Jr. Member
*
Offline Offline

Activity: 294
Merit: 1


View Profile
June 24, 2018, 10:58:56 AM
 #6

there are many billionaires who oppose bitcoin and crypto, but some also support bitcoin and crypto. indeed the pros and cons always happen, but we do not know the real purpose of the opponents, because they can also benefit from the statement of the controversy.

🔵🔵🔵🔵🔵🔵🔵  Agareum  🔵  Multiplayer gaming platform, gamified version of an airdrop  🔵🔵🔵🔵🔵🔵🔵
https://agareum.com
BattleZeo
Member
**
Offline Offline

Activity: 350
Merit: 10

Global loyalty & rewards


View Profile
June 25, 2018, 04:55:19 AM
 #7

TV anchor Max Kaiser explained why Warren Buffett scolds bitcoin

American TV presenter and bitcoin optimist Max Kaiser attacked the billionaire investor and CEO of Berkshire Hathaway Warren Buffett and his vice-president Charlie Manger. Recently, Buffett compared bitcoin and other crypto-currencies with "rat poison in the square," and Munger called the fascination with them "dementia." Such comments triggered the reaction of millions of supporters of the crypto-currency market.

In response, Max Kaiser, a well-known film director and TV host, in his Keizer Report program on RT, indignantly stated:

Bitcoin is a reaction to Warren Buffett and his friends, corrupt capitalists. They do not want to descend from the pedestals of the clan capitalism and to refuse the free money of the central banks, so they attack the crypto-currencies.
Adding oil to the fire, Manger recently stated that the trade in crypto-currencies is "an occupation for those with an underdeveloped childish mind." Earlier, the 94-year-old Harvard graduate also said that bitcoin is "the top of senility". In an interview with Yahoo! Finance, he called the flagship crypto currency "antisocial, stupid and immoral".

Kaiser reacted to these comments, saying that the crypto currency would soar above $ 30,000 "right before Manger's demise". Earlier, Kaiser claimed that bitcoin could reach $ 100,000.

Without mentioning the time frame, Kaiser said that it is possible to predict the future growth by analyzing the situation in the current crypto-currency market. It is noteworthy that the famous crypto-enthusiast John McAfee several times with certainty expressed that by 2020 the price of bitcoin will reach $ 1 million.

Meanwhile, another billionaire and "bitcoin bull" Mike Novogratz said that it would be "irresponsible" not to have bitcoin in the investment portfolio. Also, according to him, investors should keep 1-2% of their funds in this crypto currency. He noted that people should invest in crypto-currencies, because ultimately the technology of blocking will significantly affect our lives.
Waren and billionaire dislike cryptocurrency, because they are rich enough and for them not worthy to buy alt coin and risky because cryptocurrency market is in a grey area. no clear regulation in any country. they support the technology but don’t support the market.

lllaqpt
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
June 25, 2018, 05:46:25 AM
 #8

As in the proverb, the dog barked and the train moves. So we will listen and we do it all the same for the good of ourselves. It is not necessary to rely on someone else's opinion, it is also untested and unreasonable.

SATURN
Liquidity providerfor crypto markets Cross-chain Exchange & OTC trading Platform
────────  Facebook Twitter ♦  Telegram ♦  Blog ♦  Bitcointalk   ────────
UnterKleinemBaum
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
June 26, 2018, 10:17:14 AM
 #9

TV anchor Max Kaiser explained why Warren Buffett scolds bitcoin

American TV presenter and bitcoin optimist Max Kaiser attacked the billionaire investor and CEO of Berkshire Hathaway Warren Buffett and his vice-president Charlie Manger. Recently, Buffett compared bitcoin and other crypto-currencies with "rat poison in the square," and Munger called the fascination with them "dementia." Such comments triggered the reaction of millions of supporters of the crypto-currency market.

In response, Max Kaiser, a well-known film director and TV host, in his Keizer Report program on RT, indignantly stated:

Bitcoin is a reaction to Warren Buffett and his friends, corrupt capitalists. They do not want to descend from the pedestals of the clan capitalism and to refuse the free money of the central banks, so they attack the crypto-currencies.
Adding oil to the fire, Manger recently stated that the trade in crypto-currencies is "an occupation for those with an underdeveloped childish mind." Earlier, the 94-year-old Harvard graduate also said that bitcoin is "the top of senility". In an interview with Yahoo! Finance, he called the flagship crypto currency "antisocial, stupid and immoral".

Kaiser reacted to these comments, saying that the crypto currency would soar above $ 30,000 "right before Manger's demise". Earlier, Kaiser claimed that bitcoin could reach $ 100,000.

Without mentioning the time frame, Kaiser said that it is possible to predict the future growth by analyzing the situation in the current crypto-currency market. It is noteworthy that the famous crypto-enthusiast John McAfee several times with certainty expressed that by 2020 the price of bitcoin will reach $ 1 million.

Meanwhile, another billionaire and "bitcoin bull" Mike Novogratz said that it would be "irresponsible" not to have bitcoin in the investment portfolio. Also, according to him, investors should keep 1-2% of their funds in this crypto currency. He noted that people should invest in crypto-currencies, because ultimately the technology of blocking will significantly affect our lives.

Warren Buffet is indeed a solid investor and probably one of the most well-known ones. But! He makes mistakes and I am sure he will admit that Bitcoin has huge power!
Vit83
Full Member
***
Offline Offline

Activity: 644
Merit: 100



View Profile WWW
June 26, 2018, 12:57:30 PM
 #10

You will never know sold it or not. Look at the history of the richest families, they all were cheating at the beginning) All made huge money on rumors)

liuqi
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 257

LuckyB.it is Back!


View Profile
June 26, 2018, 01:07:28 PM
 #11

I think Warren buffet is fear in Bitcoin reputation because last year it was gradually raise in marketcap so they feel it will beat the amazon market cap. But current scenario many whales are involving in price fluctuations so market cap also dump in the market. I hope bitcoin will beat the Amazon market cap.

JACS|JUST ANOTHER
COMMUNICATIONS
STACK
██     ██████████████████████████████████████████████████████████
.
.
██████████████████████████████████████████████████████████     ██
████████████ █▄
████████████ ███▄
████████████ █████▄
████████████▄▄▄▄▄▄▄
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
███████████████████
███████████████████
███████████████████
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████████████▀▀███████
█████████████▀▀▀    ███████
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
█████████▌▐       █████████
██████████ ▄██▄  ██████████
████████████████▄██████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████ ██ ████████████
███████▀▀▀▀ ▀▀ ▀▀██████████
████████▄   ▄▄▄▄  ▀████████
█████████   ████   ████████
█████████         ▀████████
█████████   ████    ███████
████████▀   ▀▀▀▀   ▄███████
███████▄▄▄▄ ▄▄ ▄▄▄█████████
███████████ ██ ████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
█████▄    ███████▀    ▄████
███████    █████▀    ██████
███████     ███▀     ██████
███████ █    █▀ █    ██████
███████ ██     ██    ██████
███████ ███   ███    ██████
█████▀   ▀██ ███▀    ▀█████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
█████▀               ▀█████
████▌                 ▐████
████       ██▄▄        ████
████       ██████      ████
████       ██▀▀        ████
████▌                 ▐████
█████▄               ▄█████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
Indamuck
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 554



View Profile
June 26, 2018, 01:24:26 PM
 #12

Warren Buffet stands to lose a lot of money if bitcoin and cryptocurrency succeed.  He is invested in the traditional banking system, credit cards, etc.  I'm not sure why he care so much about destroying bitcoin at his age and with his level of wealth though.  It's not like he needs any more money, It's probably more of an ego thing.
BTCLovingDude
Legendary
*
Offline Offline

Activity: 1134
Merit: 1010

BTC to the moon is inevitable...


View Profile WWW
June 26, 2018, 01:50:19 PM
 #13

he doesn't really "scold" bitcoin though!
the interviewers usually ask him  about bitcoin out of nowhere and force him to give his opinion and he says it. then the media reports the negative parts and puts them under magnifying glass so that it looks like it.
for instance he never called bitcoin a "rat poison"!!! the interviewer told him someone called bitcoin a "rat poison" a couple of years ago and then Warren made a joke about it. then the media said Warren Buffet has called bitcoin a "rat poison".

--looking for signature--
n4poleon
Full Member
***
Offline Offline

Activity: 252
Merit: 100


View Profile
June 26, 2018, 02:02:28 PM
 #14

ofcourse, he has a lot of bank shares and other traditional assets, and will be the one first industry to get disrupted. And who knows he might already own some and that's just his strategy to affect prices.
Barbarian
Sr. Member
****
Offline Offline

Activity: 728
Merit: 250


View Profile
June 26, 2018, 04:05:45 PM
 #15

If I remember correctly Warren Buffett once complained about not investing in Goggle and similar new companies, look he is the best fundamental investor in the world but that does not mean he knows everything and that his words are some kind of law, he is mistaken about bitcoin and maybe he will live long enough to see it.
Q2kc
Member
**
Offline Offline

Activity: 560
Merit: 15

$100k per 1 BTC in Year 2020


View Profile WWW
June 26, 2018, 04:36:01 PM
 #16

easy! Warren Buffet is secretly into bitcoin investment and talking negatively about bitcoin in order to create panic selling to people who believe in him, in the other hand his company or he is secretly buying bitcoin while the price is down at the moment, wow! this guy is a genius his strategy is out of this world, just my own opinion but I'm sure that Warren Buffet is into cryptocurrency
styca
Sr. Member
****
Offline Offline

Activity: 1078
Merit: 354



View Profile
June 26, 2018, 04:49:36 PM
 #17

Whenever a significant business figure comes out against bitcoin then it is either because they see it as a threat to their current hegemony, or else they are just using their prominence to short it. Possibly, probably, both of these two. You just have to think about why they are expending so much time and effort to go out of their way to attack something that they complain is pointless and a scam. Why does it bother them so much?
BitcoinThugLife
Newbie
*
Offline Offline

Activity: 62
Merit: 0


View Profile
June 26, 2018, 04:50:16 PM
 #18

Because he knows that blockchain is a threat and wants the price to crash so him and his old geezer investments buddies aka wall street can buy into it cheap.
Gozie51
Hero Member
*****
Online Online

Activity: 2520
Merit: 624



View Profile
June 26, 2018, 05:21:29 PM
 #19

They want to dump BTC price to make panic sells of the crowd and want to buy the dip for long term hold. When weak hands will sell BTC for cheap - new pump cycle will begin.

Or they are probably looking at marketing or supporting another coin which they hold in millions maybe. They are propagating FUD to pull price down.

.
SPIN

       ▄▄▄██████████▄▄▄
     ▄███████████████████▄
   ▄██████████▀▀███████████▄
   ██████████    ███████████
 ▄██████████      ▀█████████▄
▄██████████        ▀█████████▄
█████████▀▀   ▄▄    ▀▀▀███████
█████████▄▄  ████▄▄███████████
███████▀  ▀▀███▀      ▀███████
▀█████▀          ▄█▄   ▀█████▀
 ▀███▀   ▄▄▄  ▄█████▄   ▀███▀
   ██████████████████▄▄▄███
   ▀██████████████████████▀
     ▀▀████████████████▀▀
        ▀▀▀█████████▀▀▀
.
RIUM
..FAST DEPOSITS .........
..AND WITHDRAWALS..
    ▄▄████████▄▄                        ▄██████▄
  ▄███████▀██████▄                    ▄██████████▄
 ██████ ▀▀ ▄ █████       ██          ▄████████████▄
████████  ▄▀▄ ▀██▀      ▄███       ▄███          ███▄
███████▄  ▀▀▀ ▄██      ▄█████▄    ████████    ███████
███████  ██▀  ▄██     ████████▄   ███▀ ▄▄▄    ▄▄▄▄▀██
█████▄▄  ▀▀▄   ██▄    ▀▀█████▀▀   █████▄▄▄▄▄▄▄▄▄▄▄███
 ██████ █ ▄ ▄█████    ▀▄▄▀▀▀▄▄▀   ████████    ██████▀
  ▀███████████████     ▀█████      ▀██████▄▄▄▄████▀▀
    ▀▀█████████▀         ███         ▀▀████████▀▀
..WHEEL OF..
..FORTUNE...
.WELCOME OFFER .
......200% + 50FS.....
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████▀▀██████
████████████▀▀▀    ██████
███████▀▀▀   ▄▀   ███████
████▄     ▄█▀     ███████
███████▄ █▀      ████████
████████▌▐       ████████
█████████ ▄██▄  █████████
███████████████▄█████████
█████████████████████████
▀███████████████████████▀

.PLAY NOW.
[/ta
Oilacris
Hero Member
*****
Offline Offline

Activity: 3066
Merit: 616


casinosblockchain.io


View Profile
June 26, 2018, 05:47:16 PM
 #20

I think Warren buffet is fear in Bitcoin reputation because last year it was gradually raise in marketcap so they feel it will beat the amazon market cap. But current scenario many whales are involving in price fluctuations so market cap also dump in the market. I hope bitcoin will beat the Amazon market cap.
I do get your point but i dont think this is the reason why Warren Buffet dont like bitcoin or crypto but i do see this is either just a drama or just hes just bitter on how Bitcoin do progress on a short period or span of years. It did make a remarkable history when it is almost hitting up some traditional assets and currencies when it comes to over all cap.We dont even know if hes just doing this thing to make the public panic and buy cheap coins underground on his own.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!