Warren Buffet statement again

[muratsink]

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

[CaVO32]

i don't believe that he has the say about the current situation of crypto market. even without him, crypto is moving on and continue to grow day by day. he might have been quietly investing in bitcoin also or other altcoins. so we really don't know the truth here. most of the news that we read are superficial and we need to filter which one is really true or not.

[thinkpad99]

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

Look what said about the cryptocurrencies CEO JPM Morgan - all the time he claimed that Bitcoin is a scam, and now he creates his own cryptocurrency. These people just want to manipulate the market to earn money, nothing more. Never trust such people!

[mirakal]

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

What can we expect, this is an anti bitcoin statement but we don't know his real intention.
I'm sure I'm seen this many times, when people with big names are saying against a certain start up technology, that's the time to be more aggressive.

They are here to disrupt our belief so they'll have the biggest share of the pie, so don't get affect and dump, you are doing it for their benefit, in case.

[pushups44]

Warren Buffett is a very conservative, value-oriented investor who does not understand new technologies. A lot of his wealth has come from being in a position of getting special privileges and bailouts, so what he says should be taken with a grain of salt. I recall also he was skeptical of internet companies a couple of decades ago.

[pooya87]

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

i don't remember seeing him praise anything but it would be understandable if he did since most of these people have some sort of stake in centralization so they praise the technology mainly when it is adopted by the centralized sector (like banks, example: Jpmorgan)

I don't like this person, he always has a bad statement to make the crypto market fall.

then why are you quoting him here and starting a TOPIC about him?!!

[HODL2090]

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

This similar idea is propagated by bitcoin enthusiasts. Yes the blockchain can survive without bitcoin, that does not mean Bitcoin itself is transitory. Bitcoin has been around for over ten years and has shown no signs of fading.

I don't like this person, he always has a bad statement to make the crypto market fall.

No one really has that much influence to make the market fall, investors abd traders have gotten past the period of intense FUD against cryptocurrencies. And the market has also grown very large.

[franky1]

warren buffet is more of a commodities guy.. not an asset guy
if you watch the whole segment including other interviews he does

he would rather invest in a farm that makes corn with a yearly 5% profit.. but not invest a farms end product(popcorn) that makes 7%
because to him the farm can keep producing year in year out. but popcorn is an end product that produces nothing new even if you hold it for years

so to warren buffet the COIN bitcoin is like popcorn, it has a value but doesnt produce anything.. but the technology behind it blockchain(bitcoin protocol) has a value and can grow year on year

the issue is you cannot invest in the protocol

[Bitcoindigger02]

It is precisely because everyone can dig, it can be said that everyone has the right to cast, will be so many countries and vested interests to suppress, if legalized, the bottom digging can exchange needed goods, to work for vested interests is no longer the only way out, get rid of the upper people with rights and interests on the bottom of the shackles, solidified class will be subversive XX, the ultimate majority. The upper class will lose their status and rights. If they want to get what they need, they must dig it in person, and they can no longer enjoy it. Besides, the value of digging is very expensive. Electricity is produced by water and coal, which is as valuable as the products of all machinery factories. After the legalization of Bitcoin, the current monetary system will be abandoned, because everyone can produce and circulate it. No one will work hard for others anymore. People at the top of the pyramid will fall into the civilian class in an instant. Would the upper class want to see that?

 

[kaisa]

Buffet thinks that what's valuable is blockchain technology, but he doesn't think if the blockchain without a crypto device has no meaning or value. Buffet also does not think about how the process of bitcoin travel can be trusted by everyone so that the bitcoin network continues to grow. I haven't heard of a cryptocurrency network as well as bitcoin, even though market prices can be manipulated but this technology remains transparent. Maybe Buffet can create crypto itself for its business network, but the level of security will not be able to keep up with the bitcoin network.

[jseverson]

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

Eh, I don't think there's a reason to believe that he's lying about his views. He's made a lot of money doing what he does, so it's only natural for him to think that his way is the best way. That doesn't mean what he's saying is right, just that he's been successful practicing what he preaches up until now. Not that it has anything to do with Bitcoin, of course, because he's never had to deal with it himself and has nothing to do with his businesses at all.

[Kakmakr]

Just remember one thing, every Dollar invested into Bitcoin is possibly a Dollar that could be invested in the commodity or stock that he is invested in, so it devalues his investments, when people invest in Bitcoin and Crypto currencies. Why would a Goldbug praise Bitcoin for instance, when that money could have driven up the demand for Gold?

They all have hidden agendas and most of them in the commodity markets and stock markets are taking big losses at the moment, so they have to bash the competing investment tools.  

[Baofeng]

It's because Warren Buffett doesn't have any first hand knowledge about bitcoin. There have been interviews wherein he admitted not knowing about it, and all information he got is second hand opinion, so what do you expect? Let him talk and voice it out, maybe others can be sway by it, but I'm sure majority knows that Warren is wrong with his bitcoin attacks.

[dothebeats]

The man believes what he wants to believes, so let him be. He's been pretty negative regarding bitcoin for the past couple of years so it's not surprising that he still hasn't changed his POV one bit. For him, blockchain technology has the capability to expand and processed even more for greater utility, whereas bitcoin is just bitcoin, a currency system which, like fiat, can fail at any given time. Most services and giant companies, too, believe that blockchain has the capability to turn the industry around by a huge margin, so let them believe what they want to believe. After all, bitcoin is not a business model that needs to succeed and produce profits.

[davis196]

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

Nobody in the crypto world cares about his opinion anymore.He's not a financial god and his prediction aren't always right.In the future,every currency and every financial asset(stocks,debentures,mortgages) will be blockchain-based.Saying that you can't make profit with bitcoin is a delusion.

[AmoreJaz]

warren buffet is more of a commodities guy.. not an asset guy
if you watch the whole segment including other interviews he does

he would rather invest in a farm that makes corn with a yearly 5% profit.. but not invest a farms end product(popcorn) that makes 7%
because to him the farm can keep producing year in year out. but popcorn is an end product that produces nothing new even if you hold it for years

so to warren buffet the COIN bitcoin is like popcorn, it has a value but doesnt produce anything.. but the technology behind it blockchain(bitcoin protocol) has a value and can grow year on year

the issue is you cannot invest in the protocol

you presented a good analogy of what he might be really thinking towards bitcoin.
thus, giving him a different perspective when it comes to dealing with it.
sooner or later he might change his views, he's only human like us.

It's because Warren Buffett doesn't have any first hand knowledge about bitcoin. There have been interviews wherein he admitted not knowing about it, and all information he got is second hand opinion, so what do you expect? Let him talk and voice it out, maybe others can be sway by it, but I'm sure majority knows that Warren is wrong with his bitcoin attacks.

this maybe the reason why he doesnt believe the capability of bitcoin.
he's like a newbie to bitcoin but for sure he already read a lot of articles pertaining to its existence

[talkbitcoin]

who cares about what Warren Buffet and others say about bitcoin, it should not matter even if they are positive about it. the only thing that you should care about is your own study about bitcoin and whether or not you see any potential in it. people like Warren Buffet never got rich by sharing their real secrets about how they got where they are at the time when they were investing.

[Dreamchaser21]

Well, only newbies will listen to what Warren Buffet has always to say with bitcoin. Maybe he’s saying this to save his own company. Bitcoin and blockchain technology has always a good reason to overcome any big companies and for sure, Warren Buffet see the threat and that’s why keep on spreading FUD.

[baghdatis1990]

     Warren Buffet is subjective in his statements. It's logic. Warren Buffet as well as other rich people, being some known people, just want to manipulate the masses of people. They are known to strongly influence people crypto-passionate. They just want the crypto coins to become very cheap for then these rich people to buy and make big profits. That's all about it.

[Pom_bensin]

At the end of last February, Warren made a sensation again by saying that BTC was only a Delusion. He also said that BTC does not have a unique value, BTC cannot make a profit.

Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.

but on the other hand, the Warren Buffet company has a large loss of $ 4.3 billion. I don't like this person, he always has a bad statement to make the crypto market fall.

maybe warren buffet takes advantage of the situation to quietly take profits from bitcoin. in fact it is not necessary to blame this is only a moment that we do not have to believe the truth