Warren Buffet has some very wise words. Crypto applicable.

[deisik]

I help people in any way I can every day, and I am not sitting on billions and pretend to doing some good work for people by donate crumbs from my table

I think you can't judge Buffett

And not because he is wealthy while you are poor as a church mouse (you may not be that poor, of course), though it is also a factor here (try walking in his shoes first). It is so because you simply don't know the real circumstances which would allow you to draw reasonable conclusions. Basically, you are making value judgments straight out of your ass (sorry for the language but it fits here)

[Lucius]

I think you can't judge Buffett

And not because he is wealthy while you are poor as a church mouse (you may not be that poor, of course), though it is also a factor here (try walking in his shoes first). It is so because you simply don't know the real circumstances which would allow you to draw reasonable conclusions. Basically, you are making value judgments straight out of your ass (sorry for the language but it fits here)

Of course I can say my opinion about Buffett or anyone else from that 1% extremely wealthy people who control 50% world wealth to the detriment of all those who live a life unworthy of human being. I would never try to walk in his shoes, this is completely the opposite of what I consider to be normal in life.

I see you are having very strange opinion how world should work, and you support people like Buffett who are doing all they can with the aim to become even richer, and others every day the poorer. In the same time all of them are against BTC, and they poison broad masses with their ideas.

I can tell you that my judgments come from my brain, and not from place that you are mentioning. Real circumstances in this story is that you support people who make this world a very lousy place to live just because they want to get few billion more on their accounts. This is nothing else then legalized robbery of most people in this world.

Next time your bills go up, or your wage reduce be happy, Buffett is added new billion $ to his account...

[deisik]

I think you can't judge Buffett

And not because he is wealthy while you are poor as a church mouse (you may not be that poor, of course), though it is also a factor here (try walking in his shoes first). It is so because you simply don't know the real circumstances which would allow you to draw reasonable conclusions. Basically, you are making value judgments straight out of your ass (sorry for the language but it fits here)

Of course I can say my opinion about Buffett or anyone else from that 1% extremely wealthy people who control 50% world wealth to the detriment of all those who live a life unworthy of human being. I would never try to walk in his shoes, this is completely the opposite of what I consider to be normal in life

It may backfire strongly

As it doesn't say so much about Warren Buffett as it is telling about yourself. But who am I to judge you, after all? So you are on your own here. With that said, though, I can't add that you are basically calling Buffett an arch-villain (like "next time your bills go up, Buffett is added new billion $ to his account") without providing any solid evidence for that. So the question is begging to be asked, that is, can you substantiate your claims in any plausible way?

[tyz]

Buffet is a great investor. No question. He only has one problem. He belongs to a generation for whom change is always happening slowly. For this reason, many of this generation find it difficult to overlook epochal changes through digitization and automation. That's why Buffet missed the tech industry. He has not invested in companies like Microsoft, Facebook, Amazon, Netflix etc. for a long time. As he admitted, because he did not understand it for a long time. It's the same with the new area of decentralizing everything. An important part of it are cryptos, blockchain, smart contracts and so on. He does not understand it again and makes the same mistake as before. That is also the reason why he is always negative about it.

[deisik]

Buffet is a great investor. No question. He only has one problem. He belongs to a generation for whom change is always happening slowly. For this reason, many of this generation find it difficult to overlook epochal changes through digitization and automation. That's why Buffet missed the tech industry. He has not invested in companies like Microsoft, Facebook, Amazon, Netflix etc. for a long time. As he admitted, because he did not understand it for a long time. It's the same with the new area of decentralizing everything

That made a good read until you spoiled it by making reference to everything being decentralized

"Decentralizing everything" is an example of hype gotten out of control. It has little to do with reality, if anything at all. So while Warren Buffett may have been wrong about the companies you mentioned, though I'm not sure about Microsoft at all (I mean that he didn't invest in it), it doesn't on its own make him wrong on crypto. In other words, we have yet to see him proved wrong provided he ever lives up to that, of course

[UmerIdrees]

I do not see why people who are involved in cryptocurrency show so much admiration for Buffett? Is that because of the enormous wealth he created for himself and some people around them, and in the same time has created a poverty all around the world? Why one man need 87$ billion, and tens of thousands of people die each day from starvation and curable diseases?

Let's cut the crap here, mate

Most people are involved in Bitcoin for profits, even if some of them may claim to the contrary, and it is kinda normal. Buffett has proved that he certainly knows his shit, i.e. knows how to earn money. So it doesn't matter what he thinks about Bitcoin (we all know what he thinks). It is his skills, expertise and life experience in general which are of interest to us. Yes, he does mistakes (which he evidently admits) but it doesn't take anything from his wisdom (actually, it may even add more value to it). Well, this is what I think at least (you may think different, I don't mind)

I see you are just one of them, and because of people like you we have what we have today, a world in which one spends billions in a day and others work for 1$ a day or even less. Buffett knows nothing, he is just one more greedy person, nothing more. I do not like him, and more than that I can not stand people who respect him just because he is sickly rich.

I am not interesting in some quick profit with BTC, it is much more for me - but if you think Buffett is smart person you should listen to him back from 2014 and stay away from BTC.

Ironically, Buffett is really a smart person

As he was telling what was going to happen and really happened. If people actually listened to him and what he was telling about crypto, we wouldn't have so many disappointed and despaired, hapless and hopeless bagholders now. And even more ironically, without them, without all this relentless speculation, we might have been much better off in terms of adoption by now. As you can see, things are more complicated than they look at first glance

Warren Buffett is a reputable person in crypto world and his wording/ saying matter a lot in crypto field. Just like John Macfee statement can move market up and down, similarly any positive wording by Warren can bring positive sentiments in the market and any negative statement can bring negativity in the market.

[deisik]

Ironically, Buffett is really a smart person

As he was telling what was going to happen and really happened. If people actually listened to him and what he was telling about crypto, we wouldn't have so many disappointed and despaired, hapless and hopeless bagholders now. And even more ironically, without them, without all this relentless speculation, we might have been much better off in terms of adoption by now. As you can see, things are more complicated than they look at first glance

Warren Buffett is a reputable person in crypto world and his wording/ saying matter a lot in crypto field. Just like John Macfee statement can move market up and down, similarly any positive wording by Warren can bring positive sentiments in the market and any negative statement can bring negativity in the market.

In no case I would equal Warren Buffett and John Macfee

And I'm not sure if the latter is really able to move the market in either direction. I suspect many people now think of him as a clown. Truth be told, when I read some article and see John Macfee mentioned in it in a serious manner, I stop reading any further as the value of it instantly falls below 0. Basically, he's become highly toxic

On the other hand, Warren Buffett is very reserved in respect to what he says (regardless of the topic discussed) and that makes his opinion matter (given his expertise and understanding)

[maxreish]

Nice lines that Warren Buffet got. It is so inspiring especially when there is at times that I am in urge of giving up waiting for the price pump. I envy Buffet so much, engaging himself in cryptocurrency and leaving some inspiring words when this market is so volatile.

[awik p]

in this case their statements can affect the psychology of traders, because they seem to be role models and what they say are believed to be able to bring the cryptocurrency in the direction they want. but on the other hand, we must be realistic with the market, and make their statements a consideration, and decisions remain in our hands

[deisik]

in this case their statements can affect the psychology of traders, because they seem to be role models and what they say are believed to be able to bring the cryptocurrency in the direction they want. but on the other hand, we must be realistic with the market, and make their statements a consideration, and decisions remain in our hands

It looks and works like that

Though I don't agree that common people should follow types like John McAfee as role models. Even if Warren Buffett himself is a good example to follow on his own, we should be critical of his thoughts and ideas at all times (and of everyone else's, for that matter), in a constructive way, naturally. However, if you fail to live up to people's expectations (or just fail miserably), you may quickly become a toxic "asset", so to speak, with people going from admiring you to hating you at the end of the day (and there's no way back)

[Lucius]

It may backfire strongly

As it doesn't say so much about Warren Buffett as it is telling about yourself. But who am I to judge you, after all? So you are on your own here. With that said, though, I can't add that you are basically calling Buffett an arch-villain (like "next time your bills go up, Buffett is added new billion $ to his account") without providing any solid evidence for that. So the question is begging to be asked, that is, can you substantiate your claims in any plausible way?

You judge me all the time, just because I say truth about that old fart which you perceive as an important and special person in this world, and actually he is nothing. I do not know what you and people similar to you doing on this forum, it is forum for cryptocurrency and people who support changes in this corrupt world.

You defense a man who is all the time against the idea of a decentralized currency, and in same time you are get pay by promoting something crypto related in your signature.

I explain everything what was supposed to be explained, you have serious problems with understanding how the world works. If 50% of world wealth is in possession of 1% of world population, then it is not available to you, me or anyone else.

The Oxfam report added that since 2015 the richest 1% has owned more wealth than the rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people. Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.

Try to read some article, but I doubt you can understand anything :

https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-50

[deisik]

It may backfire strongly

As it doesn't say so much about Warren Buffett as it is telling about yourself. But who am I to judge you, after all? So you are on your own here. With that said, though, I can't add that you are basically calling Buffett an arch-villain (like "next time your bills go up, Buffett is added new billion $ to his account") without providing any solid evidence for that. So the question is begging to be asked, that is, can you substantiate your claims in any plausible way?

You judge me all the time, just because I say truth about that old fart which you perceive as an important and special person in this world, and actually he is nothing. I do not know what you and people similar to you doing on this forum, it is forum for cryptocurrency and people who support changes in this corrupt world

Okay, let's make things simple

You remove your signature and then we continue talking (about being altruistic and all that bullshit). Until then, you sound like a hypocrite. Note that I'm not calling you a hypocrite but it looks exactly like that in my eyes. So I'm giving you the benefit of doubt. What you are going to do with it is up to you to decide. And while we are at it, I also support changes to the better, though our understanding seems to differ a lot as to how it should be done in practice and what it actually comes down to

You defense a man who is all the time against the idea of a decentralized currency, and in same time you are get pay by promoting something crypto related in your signature

I'm not defending him as anyone with a half functioning brain can see. It doesn't mean anything but you definitely don't. If a liar tells a truth, it doesn't become a lie and he doesn't stop being a liar

[BestSSS]

Warren Buffett is generally a very unique person quotes his creation. You can write I think the whole book only one of his statements which can set an example.
No wonder he said that the Best time to buy companies is when the company has problems!
Now we can say that the cryptocurrency market is a Big problem and when it is worth buying. I think if Warren Buffett was engaged in trading cryptocurrencies now he would certainly buy tokens for a couple of billion dollars.
Buffett is a man who in any situation, not against apreci brains and for that he commands respect!

[deisik]

Warren Buffett is generally a very unique person quotes his creation. You can write I think the whole book only one of his statements which can set an example.
No wonder he said that the Best time to buy companies is when the company has problems!

I'm not sure that he actually said that

Or something to that tune. In fact, he said quite a different thing (to the point of being opposite to what you might think). What he said could be rephrased in the following way: when there are problems with the market as a whole (for example, there is recession or economic downturn), it is time to start buying good companies (i.e. companies without problems). And when things get back to normal (which they will sooner or later), you will be able to reap profits from your buys (via dividends or whatever)

[Lexurdania]

Nice lines that Warren Buffet got. It is so inspiring especially when there is at times that I am in urge of giving up waiting for the price pump. I envy Buffet so much, engaging himself in cryptocurrency and leaving some inspiring words when this market is so volatile.

Warren Buffet is reputable investor and most people admire him. I am agree with his word that we should keep optimism on this market condition and believe the market will recover again

[Lucius]

Okay, let's make things simple

You remove your signature and then we continue talking (about being altruistic and all that bullshit). Until then, you sound like a hypocrite. Note that I'm not calling you a hypocrite but it looks exactly like that in my eyes. So I'm giving you the benefit of doubt. What you are going to do with it is up to you to decide. And while we are at it, I also support changes to the better, though our understanding seems to differ a lot as to how it should be done in practice and what it actually comes down to

You defense a man who is all the time against the idea of a decentralized currency, and in same time you are get pay by promoting something crypto related in your signature

I'm not defending him as anyone with a half functioning brain can see. It doesn't mean anything but you definitely don't. If a liar tells a truth, it doesn't become a lie and he doesn't stop being a liar

You are just one more signature spammer, nothing more. Instead of a constructive discussion you use some twisted theories that I am "poor as a church mouse" or that my ideas comes "straight out of my ass" or calling me hypocrite with a half functioning brain. Is this best you can do?

Why you not remove your signature and make new one, with picture of Buffett and text "Bitcoin is rat poison" ?

That's all I have to say to you in this thread or any other.

[deisik]

That's all I have to say to you in this thread or any other

So you have nothing else to say?

Okay then, as this is what I expected since you are evidently not happy when I started to use your own little shenanigans against yourself. Doesn't feel quite right when your attitude backfires, I understand. But somehow I'm not surprised at all as the direction you were going was quite clear right from the start (as well as where you were going to end, so no surprise here either)

Indeed, Buffett can't respond to you (and I guess he wouldn't even if he could), so you were in a safe zone when you started to sling mud at him. But I'm not him evidently and I won't let you get away with this, so you had to either shut up or put up. So you chose to shut up, here and elsewhere. But I'm okay with that, I just hope it will eventually help you with your little grudge against Warren Buffett

[OnePercent]

It may backfire strongly

As it doesn't say so much about Warren Buffett as it is telling about yourself. But who am I to judge you, after all? So you are on your own here. With that said, though, I can't add that you are basically calling Buffett an arch-villain (like "next time your bills go up, Buffett is added new billion $ to his account") without providing any solid evidence for that. So the question is begging to be asked, that is, can you substantiate your claims in any plausible way?

You judge me all the time, just because I say truth about that old fart which you perceive as an important and special person in this world, and actually he is nothing. I do not know what you and people similar to you doing on this forum, it is forum for cryptocurrency and people who support changes in this corrupt world.

You defense a man who is all the time against the idea of a decentralized currency, and in same time you are get pay by promoting something crypto related in your signature.

I explain everything what was supposed to be explained, you have serious problems with understanding how the world works. If 50% of world wealth is in possession of 1% of world population, then it is not available to you, me or anyone else.

The Oxfam report added that since 2015 the richest 1% has owned more wealth than the rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people. Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.

Try to read some article, but I doubt you can understand anything :

https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-50

You keep saying as if cryptocurrency will change the current wealth distribution but I can tell you that is not the case.
If you invested in cryptocurrency and made profit from it, you are simply doing the exact same thing Buffett does to profit from businesses as owners.
If you own cryptocurrency and it appreciated in value, you contributed nothing to the world yet you received money for merely investing in it,
that is the same thing as owning a business and the managers and workers do all the work and owners get all the profit. It is essentially the same thing painted differently.
Those who will profit in crypto the most are the ones who invested early or those who still have faith in it when the majority are losing theirs.
Can you justify the tremendous wealth those people will get (and for some they already got) when they profit from the appreciation of cryptocurrencies for doing absolutely nothing (as you pointed out)?

Cryptocurrency if anything is the transfer of wealth from the masses to a selected few, not the other way around.

The rich are getting richer because money earns returns, the more you have the more return you will earn in absolute terms. That is how the world is right now, unless you have a better proposal and can implement it, you are just complaining but not providing solutions. We do not live in the perfect world, so this is what you got right now. So far the alternatives you provided will not change the world for better.

[deisik]

If you invested in cryptocurrency and made profit from it, you are simply doing the exact same thing Buffett does to profit from businesses as owners.
If you own cryptocurrency and it appreciated in value, you contributed nothing to the world yet you received money for merely investing in it, that is the same thing as owning a business and the managers and workers do all the work and owners get all the profit. It is essentially the same thing painted differently

I can't quite agree with you on this part

People which invest in businesses are quite different from people investing in crypto. Money that you invest in a business (other than trading stocks at an exchange) goes to that business and allows it to develop and deliver a working product (I'm not talking about vaporware here). Then you profit by receiving dividends. This is exactly what Warren Buffett had been doing for years. In fact, even entire Berkshire Hathaway was bought by him in 1960's if I'm not mistaken

In this way, Buffett is a lot better than most cryptocurrency "investors" as they are not investors in the strict sense of the word but rather profiteers (i.e. speculators). It looks like people are inadvertently confusing Warren Buffett the investor with George Soros the speculator

[omonuyak]

I agree with Buffet on this.  "during depression it is better to buy and hold for long-term" people are not buying bitcoin now that it is very cheap but they are busy complaining that bitcoin is death and some are even saying bitcoin cannot recover again but we can see it very clear that this has happened before and during depression like this those that buy and hold for long-term are making serious profits.