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.

[1715677024]

1715677024

[1715677024]

1715677024

[1715677024]

1715677024

[1715677024]

1715677024

[1715677024]

1715677024

[1715677024]

1715677024

[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

[Gozie51]

Who cares what some billionaire thinks? Sure he has trading experience but that does not mean he can tell the future of crypto.

Yes, whatever these guys say won't stop the growth and adoption of bitcoin. They have realized that cryptocurrency has the possibilities of creating wealth for the new generation to turn into millionaire s too and so , I think they are spreading fur to try and stop bitcoin. If bitcoin is stopped, then altcoins are stopped too.

[gabbie2010]

I believed that is Warren buffet personal point of view regarding bitcoin as a delusion I am very pleased that all the previous negative statements credited to him  on bitcoin had not really made any impact on the price of bitcoin, does it dump or pump it? No  while bitcoin continue to gain wide adoption and acceptability I hope some dayWarren Buffet will change his negative perception about bitocoin to a positive one.

[Dumont31]

 I can say it too that I don't believe in crypto market, but in my head it could be something different than what I really think. As I read in this topic, it's all about profit and market manipulation. These people can influence the market. I'm skeptical that Warren Buffett doesn't know about crypto in depth.
"system may be “genius,” but the cryptocurrency doesn’t have much of a value and attracts charlatans." So is all about people?
Anyway, we have many great stories on technology that haven't received support from the elders.

[muratsink]

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.

this is the right news, you can see on CNBC, I think CNBC always directs Warren to make bad statements about BTC.

I do not believe he save assets in crypto, until today, I did not find news about that.

yes, without Warren, crypto will always create graphics, but every his bad statement is a virus and it can make the crypto world weak and even downtrend.

[jeromix]

LOL, it his character and attitude and we could not change his ways and syrategy. Besides, he is only stating his opinion and that is not wrong for we have the freedom.of expression. Wether it could affect btc market price or not we should be thankful that btc has been talk over to which it could attract other people to join the crypto world.

[Pursuer]

it is now starting to turn into a common thing where they used to attack bitcoin and now they are singling bitcoin out and separating it from its technology then praise the technology while bashing bitcoin itself. after some time you figure out they have made their own shitcoin which is also centralized and useless. I am not sure if Warren Buffet is going to do that but he certainly has stakes in centralized coins such as that. he may even have some hands in the pockets of the banks he is supporting with his words.

[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.

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!

I don't believe in him, I don't like each of his statements. but, is there someone else who has a way to close his mouth, and stop every bad statements from him?

I think, we have to wait until BTC controls the world economy to make him aware.

[qwertyup23]

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.

this is the right news, you can see on CNBC, I think CNBC always directs Warren to make bad statements about BTC.

I do not believe he save assets in crypto, until today, I did not find news about that.

yes, without Warren, crypto will always create graphics, but every his bad statement is a virus and it can make the crypto world weak and even downtrend.

Unfortunately, that is the sad state in investing nowadays since most newbie investors purchased bitcoin impulsively without researching and studying the market. They now based their decisions on famous investors (which is not entirely bad!) and follow everything that they said despite the results showing the opposite of it!It definitely is a poison to the community which further backs away potential investors.

Warren Buffet statements stem from his belief that bitcoin does not have any innate value unlike the conventional method like what he did to built his empire. Every year, an era evolves slowly and we adapt to the inevitable change! Cryptocurrencies may be the future of investing considering the success it has been through.

[muratsink]

LOL, it his character and attitude and we could not change his ways and syrategy. Besides, he is only stating his opinion and that is not wrong for we have the freedom.of expression. Wether it could affect btc market price or not we should be thankful that btc has been talk over to which it could attract other people to join the crypto world.

if we let him and don't warn him, then he will continue to spread the FUD, and influence others, I'm afraid his statement will be accepted by fools who don't understand the crypto system.

and finally FOMO will weaken the crypto market. then, he can also make every user become panic.

[TheCoinGrabber]

Maybe he's a very conservative investor? He definitely understand what the blockchain is so I don't understand why he can't see the benefits of bitcoin.

The only reason I can think of is he was not that comfortable with the risk or long hodl or he already invested and don't want to hype it while he can still keep buying more.

[BrewMaster]

LOL, it his character and attitude and we could not change his ways and syrategy. Besides, he is only stating his opinion and that is not wrong for we have the freedom.of expression. Wether it could affect btc market price or not we should be thankful that btc has been talk over to which it could attract other people to join the crypto world.

if we let him and don't warn him, then he will continue to spread the FUD, and influence others, I'm afraid his statement will be accepted by fools who don't understand the crypto system.

and finally FOMO will weaken the crypto market. then, he can also make every user become panic.

if someone is panicking based on this guy's words alone then there is nothing you can do to stop it from happening, also they will be panicking and FOMOing with pretty much everything else so again there is no point in discussing about this topic and these people specially since they don't have any effects in the market's future!
they are what we call "weak hands" and we all love them because they give us profit

[SiDtHeBeSt]

Very similar to when JP Morgan Ceo had his statement against bitcoin saying " Bitcoin is a pyramidal scam " and I guess it was found that many of his employees and himself had investments in Cryptocurrency. Maybe Warren Buffet is doing the same or maybe he is not he is considered to be one of the best investors and is also an ideal for many including me.

 Here is the link to his statement to CNBC:
Warren Buffett explains one thing people still don’t understand about bitcoin

[arpon11]

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 we have over rated him of having effect on the cryptocurrencies pricing but I think his statement is not the reason why bitcoin is not doing well now.  He is free to said whatever he thinks are right but I disagree with those statements and I believe that many of us here knows bitcoin has values and it is not a delusion.  Since we know that bitcoin is now contributing to our finance and economic I think those statements are made with something in mind and that is to create FUD.

[LUCKMCFLY]

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 we have over rated him of having effect on the cryptocurrencies pricing but I think his statement is not the reason why bitcoin is not doing well now.  He is free to said whatever he thinks are right but I disagree with those statements and I believe that many of us here knows bitcoin has values and it is not a delusion.  Since we know that bitcoin is now contributing to our finance and economic I think those statements are made with something in mind and that is to create FUD.

I have read some Warren Buffet books, he is a genius guy, but his advice is focused on Stock Market, maybe some of his advisors do not look with Bitcoin very good, since it is difficult even for him to apply what he knows, due to the high volatility of the market.

However, we can not forget that when there is bad news, it can be accompanied by good things, that is, with bad news, people get scared, sell cheap, and since we are in a phase of accumulation, the Strong Hands are most likely to be buying cheap to keep accumulated bitcoins, if so, the uptrend process may come much faster.

[bL4nkcode]

He's been talking from the very beginning when bitcoin reach high value or even it reach its lowest price. You can expect to hear from him another synonyms delusions soon. People are already done with his words so let him say what he wants.

If you make a move of selling your coins because of the words of this old man then its your loss not ours.

[proTECH77]

Il n'est évidemment pas objectif, puisque très actif sur les marchés financiers traditionnels

Its better not to spam the thread as this thread is specifically for English speaking Bitcointalkers and for Local Board.

Maybe he's a very conservative investor? He definitely understand what the blockchain is so I don't understand why he can't see the benefits of bitcoin.

The only reason I can think of is he was not that comfortable with the risk or long hodl or he already invested and don't want to hype it while he can still keep buying more.

Only a fool will say such things about Bitcoin. He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?. They have failed totally to Bitcoin because all their hatred to Bitcoin is meaningless, as we stick to it existence. Maybe its time for him to have his own coin like J.P Morgan does.

[Capt00]

<....>
If you make a move of selling your coins because of the words of this old man then its your loss not ours.

Well, I won't.
Since last year that old man keeps saying and predicting regarding possible happen on Bitcoin price but nothing happens. Besides, he was laughing at. Perhaps that old man has big shares from whales to keep spreading FUMO news to have a panic selling from weak hand holders.

Well, let's focus on how Bitcoin works we can ignore them.

[xWolfx]

     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.

Not only people inside this community but everywhere i would say. You don't get to be that rich without making some contacts along the way also.

Now, some people prefer fame and being a public figure like him and others don't. I would be exactly like the second one if that ever happened, probabilities are not in our favor but we'll see.

If he likes Blockchain technology that's enough from my point of view. It should definitely be praised and not bundled with crypto everytime, precisely because they are two different things in the sense of what you can accomplish with each.

[J. Cooper]

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.

Would you care to provide us with a source of this statement?

But regardless of that, I don't know why we should give his opinion a lot of attention. Especially since he doesn't have anything interesting to say about bitcoin and has the same opinion as pretty much everyone else in that sector. Sure he has proven to be successful in the past but that doesn't make your opinion on a new technology any more valuable than anybody else. We also know that bitcoin is something Buffet wouldn't naturally invest in since bitcoin doesn't produce income, so it's only logical that he doesn't have anything positive to say about bitcoin.

[teejayrichard2]

well if you have been in the crypto community for long, by now you would have learned how to pay deaf ear to negative words from people about bitcoin. Everyone is entitled to his or her own opinion and Warren Buffet is not left out. He can choose to say positive or negative things about bitcoin, that is his own opinion. We have seen so many people say stupid things about bitcoin but bitcoin always comes out stronger.

[pixie85]

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.

Would you care to provide us with a source of this statement?

But regardless of that, I don't know why we should give his opinion a lot of attention. Especially since he doesn't have anything interesting to say about bitcoin and has the same opinion as pretty much everyone else in that sector. Sure he has proven to be successful in the past but that doesn't make your opinion on a new technology any more valuable than anybody else. We also know that bitcoin is something Buffet wouldn't naturally invest in since bitcoin doesn't produce income, so it's only logical that he doesn't have anything positive to say about bitcoin.

It's not difficult to find it online
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

Warren and his company have a history of missing technology bull runs. He's not a tech investor! Asking him if Bitcoin is good or bad is like asking a house electrician to fix your PC. He might have a general idea but he's not an expert.

[Ucy]

What exactly does the unique value mean? I thought value depends on how much useful something is to people? The price would not have risen to this hight if it were not that useful.
 
More work needs to be done though. We need to get more businesses and people to Bitcoin to make it more useful.  I think this depends on the media and developers.  Negativity is bad for adoption.



Lest i forget...
Let see how this sounds: He praises the bottle but not the wine OR He  praises the skeleton but not the flesh.

[jseverson]

Would you care to provide us with a source of this statement?

Here you go:

https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?

To be fair, this isn't unique to him, and I think it's a perfectly valid position to take. It's like saying you like the Internet but hate Google or something along those lines.

[cellard]

Warren Buffet's empire depends on the USD remaining the hegemonical currency as world reserve currency, so obviously he's going to criticize anything that could challenge this status quo. It doesn't matter if it's China, Russia, or anything else, it really doesn't matter.

His argument seems to be that he doesn't think Bitcoin has any value because it doesn't produce anything. It seems for him if an investment doesn't deliver dividends it's useless.

[Dudeperfect]

Well, even if he has a different opinion about the crypto industry, we cannot ignore his authority when it comes to trading and investing. I have observed that his rules and strategies also work while trading and investing in the crypto market. As far as crypto is concerned, I believe that it is necessary for blockchain projects to survive as if we are considering blockchain as the vehicle then cryptocurrency is a must needed fuel for it.

* Warren Buffett Says He Was Wrong About Google and Amazon | Fortune.

Who knows, he might say the same words regarding cryptocurrencies after the 10 years come now.

[meanwords]

Let him be. At this point, people are already getting tired of him. People are to decide what he/she is going to do with cryptocurrency. I don't really like him either though. I think he is secretly trying to accumulate Bitcoin too, lowering Bitcoin's price by making bad statements.

[pooya87]

He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?

To be fair, this isn't unique to him, and I think it's a perfectly valid position to take. It's like saying you like the Internet but hate Google or something along those lines.

actually it is more like saying you love the internet but tell people if they invest in Google their money will be lost as Google is going to crash and burn. because that is exactly what he has been doing when every time he says things along the lines of bitcoin is a delusion and is not going to end well.

[mirakal]

Let him be. At this point, people are already getting tired of him. People are to decide what he/she is going to do with cryptocurrency. I don't really like him either though. I think he is secretly trying to accumulate Bitcoin too, lowering Bitcoin's price by making bad statements.

Majority of people would still believe in his statement because he is a successful businessman and he is a mirror of success.
Some investors would not, including me of course, because I've been here in crypto for many years and I've proven that those who publicly criticize BTC are  wrong most of the time.

[J. Cooper]

-snip-

-snip-

It's not difficult to find it online
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

Luckily, in this case, it wasn't hard to find. But usually, if you want to discuss a certain statement you link the source in the original post. This makes it easier for people to check the context and makes sure everyone is discussing the same statement.

Warren and his company have a history of missing technology bull runs. He's not a tech investor! Asking him if Bitcoin is good or bad is like asking a house electrician to fix your PC. He might have a general idea but he's not an expert.

Exactly my point! And that is why we shouldn't give his opinion any more importance than someone with the same level of expertise simply because he made a lot of money from investments that are fundamentally different from bitcoin.
His investment strategy made him miss out big time on technology bull runs but that doesn't mean he hasn't changed his opinion. In fact Bufett's Berkshire Hathaway currently owns a 5.22% stake in Apple. So it's totally possible he will change his opinion on bitcoin as well. Only time will tell.

What exactly does the unique value mean? I thought value depends on how much useful something is to people? The price would not have risen this hight if it were not that useful.

That's a valid question. I am guessing you are referring to intrinsic value as opposed to 'monetary' value. You can't deny bitcoin has monetary value because there's a demand for it and it's accepted as payment in hundreds of stores off- and online. Intrinsic value is a tougher nut to crack. This is where lots of people disagree. For someone as Buffett who lives in a first world economy, it's a lot harder to see the intrinsic value that bitcoin offers but as soon as you go to economies who don't have a  'stable' national currency or access to services like PayPal, Chase or QuickPay the intrinsic value becomes a lot more clear.

[jossiel]

I also hate him for criticizing bitcoin and always giving bad review about bitcoin but that's just being him. I realized that I shouldn't hate him just for doing that and there's an idea that starts to build on my mind that he's probably acting like Jamie Dimon.

He calls it whatever he wants and it's always televized, written on news article, etc. Good or bad publicity for bitcoin is still publicity which I'm taking the good part of it. Maybe, he's too old enough to understand bitcoin and he's really sticking to his tasted way of investing.

[audaciousbeing]

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.

I think you are missing things up. The statement by Warren is not what is making the price of bitcoin or crypto falls but the reaction of the market participants to such information which makes the aftermath of his statement a bleeding state for crypto. The point is if everyone should just continue their activities like normal before the said statement, it would only mean a mere expression of opinion on the part of Warren and that would continuously guides is way of talk.

Yes the blockchain project itself is a great technology but trying to separate the two from each other completely is going to be an illusion on its own in my opinion.

[Mometaskers]

Warren Buffet's empire depends on the USD remaining the hegemonical currency as world reserve currency, so obviously he's going to criticize anything that could challenge this status quo. It doesn't matter if it's China, Russia, or anything else, it really doesn't matter.

His argument seems to be that he doesn't think Bitcoin has any value because it doesn't produce anything. It seems for him if an investment doesn't deliver dividends it's useless.

Isn't Warren Buffet famous for saying "Don't lose money!"? He does seem to be into what they call "value investing". Maybe that's why even when he acknowledges the benefits of a blockchain, he's not enthusiastic with the idea that one can "lose" money in bitcoins and may have to wait years for the value to go back again to what it was on entry. I do know people like this, those who don't want their money "sleeping".

[nikola22]

I dont get this person, blockchain was deliverably made for crypto and the very first one that was made was Bitcoin, maybe this dude is a delusion himself.

he is a man from traditional finances so he doesn't like innovations like bitcoin that disrupt his traditional vews.

[peonminer]

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.

That's just Warren's speculation. He doesn't see a balance sheet or profit and loss statement for Bitcoin so he doesn't see value in it.

[Kakmakr]

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.

Well if you do not like the person then stop following him and posting his statement here, we do not want any fuds and negativism from people who do not believe in Bitcoin and it's technology, I prefer listening to believers and leaders of this technology.

Sometimes you have to follow people like him to monitor your enemy and to react on their strategies to destroy you. A lot of people like to kiss rich people's asses, because they admire their money and their power. I like to bring them down to earth, because their shit stinks too. <They are humans, just like us>

Money does not make the man.     So, follow them, analyse their strategies and counter comment on their stupidity. <Be the other side of the discussion> 

[malikusama]

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?!!

That's the reason why the market is falling, after quoting these statements we are spreading FUD in the market.
Let them do whatever they want, it's their own point of view, but by sharing these statements across internet you are spreading FUD among the new users.

[cellard]

Warren Buffet's empire depends on the USD remaining the hegemonical currency as world reserve currency, so obviously he's going to criticize anything that could challenge this status quo. It doesn't matter if it's China, Russia, or anything else, it really doesn't matter.

His argument seems to be that he doesn't think Bitcoin has any value because it doesn't produce anything. It seems for him if an investment doesn't deliver dividends it's useless.

Isn't Warren Buffet famous for saying "Don't lose money!"? He does seem to be into what they call "value investing". Maybe that's why even when he acknowledges the benefits of a blockchain, he's not enthusiastic with the idea that one can "lose" money in bitcoins and may have to wait years for the value to go back again to what it was on entry. I do know people like this, those who don't want their money "sleeping".

Warren Buffet has lost plenty of money. Being a value investor means that you will lose money. When he bought a ton of shares of the Washington Post or the New York Times (I don't remember, it was one of the currently huge newspapers) he lost money for the first couple of years and then years later he obviously was high on the greens. If you don't sell you don't lose money. Warren Buffet believes in patience and studying and understand the fundamentals. The big problem with Buffet is that he doesn't understand the fundamentals of Bitcoin. If he did, he would understand the fact that blockchain without Bitcoin has no fundamentals basically. This is a huge mistake by most mainstream figures. They are the ones that will keep asking why Bitcoin keeps hitting all time highs if it has "no value".

[gabmen]

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?!!

That's the reason why the market is falling, after quoting these statements we are spreading FUD in the market.
Let them do whatever they want, it's their own point of view, but by sharing these statements across internet you are spreading FUD among the new users.

Well you can't really control statements from such a prominent figure. A lot of people look up to warren buffet since he is a guy who knows how to handle business and his status will show for that. Aside from his critisizms on bitcoin, he's a guy you'd want to take advice from when it comes to money.

[CryptoBry]

He got his immense success being an old school and as such he is very skeptical with new technologies especially those having some downsides or dark sides (with cryptocurrency these can be the scams which many perpetrated dragging along the good name of the industry). I read somewhere that he failed to invest in Facebook and Google in their early years all because of his dislike with new technology or trend. Anyway, I am sure that Bitcoin and the whole cryptocurrency industry does not need the attention and advice of Warren Buffet and in the same manner he does not need this industry as he is already very rich no matter what will happen to the global economy. Let's just leave things at that.

[Malam90]

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.

He praised Blockchain technology but he ignores Bitcoin, this is radiculas from the point of view. This type of person should be avoided and  shouldn't heed upon their words.

[gribble]

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.

He praised Blockchain technology but he ignores Bitcoin, this is radiculas from the point of view. This type of person should be avoided and  shouldn't heed upon their words.

I agree with you, i don't care about Warren Buffett's bad opinions about the bitcoin and any other related with the cryptocurrencies, just because he had been successfull in the stocks market does not mean he will be successfull in cryptocurrencies, because actually he don't know anything about the cryptocurrencies. He just want make the price of bitcoin to be more cheap then he will buy bitcoin for him self. The industry of bitcoin and cryptocurrencies will be successfull in the future.

[teejayrichard2]

well, this is not the first time Warren Buffet and so many other people are saying negative things about bitcoin and despite what they say, we see nothing but growth in the strength of bitcoin with its acceptance and adoption spreading like wildfire. I believe with time Warren Buffet will realize the statment he made about bitcoin is wrong. Time will tell though.

[South Park]

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!

They know very well how powerful they are and they also know that whatever they say is going to be on every financial website in minutes so they are using their power to influence the markets, this is nothing new and if we were on their shoes I am sure that many of us will do the same, so as long as we know exactly why we are here and why we believe in the success of cryptocurrencies then we can safely ignore the comments of those people.

[denzkilim]

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)

Now that answers the question of why he is always spreading negativity in the Crypto Currency community. But anyways anyone can say whatever they want and I think it's part of the freedom of speech for everyone to tell their point of views and beliefs on different kinds of things or aspects. The best thing to do is just never that man and let him say whatever he wanted because solid Crypto investors would not believe on any negativity that he is saying.

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?!!

Maybe he likes him a lot and pretends that he doesn't like him at all lol.

[libert19]

Believe in happening than sayings, Bitcoin is unique (or at least it was when it arrived) and regarding 'BTC can not make profit' — it has given tons of profit to early buyers what Warren waited for decades.

[Siren]

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.

Why people so stupid on posting this Buffet’s fud?are you really a cryptonians?Or a Bitcoiner?because if does you should not give a damn whatever this fool says

Don’t you understand that he has no concern about our community?he don’t even care of us instead he want to bring the market down.

Stop posting what he say instead let us just ignore And never give attention from now on

[ranman09]

I think they are just creating a small dump on bitcoin for them to be able to buy cheaper bitcoin. Many financial gurus said this but it does not affect bitcoin that much so why even care about them.

he is a man from traditional finances so he doesn't like innovations like bitcoin that disrupt his traditional vews.

Actually, I read here that he praised blockchain. So I think he like innovations, he just doesn't like bitcoin. Check out franky1's post I think it's a possibility also of why he creates these kinds of statements.

[Johnzky]

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.

If you really hate the person the you should stop posting he’s publicity because it brings some panicking to others specially noobs and those newbies that expecting instant profit here

Believe in happening than sayings, Bitcoin is unique (or at least it was when it arrived) and regarding 'BTC can not make profit' — it has given tons of profit to early buyers what Warren waited for decades.

Absolutely correct mate,he's words against reality

Who really gives a shit?

Thats the question must answer because i don’t give even a shit

[Yamifoud]

I feel Warren Buffet have some bad intention with us, they just like to make people to dumb their coins and take advantage over them. Buy their coins in low price and makes some hypes to be profitable. His just a kind of greedy whales existed in the market today.
I'm not affected with his way of destructing us and for the market, but how about the others. They'll might be listen right now.

[Viceroy]

The Warren Buffett company has a large loss of $ 4.3 billion. Why listen to him at all?
His company's annual report explains it all.
This Man absolutely does not understand cryptocurrencies. He just says big words and all. He was lucky once and became famous when that. And now he uses it. Sells advertising for terrible projects. I see no reason to believe this man.

[xWolfx]

Believe in happening than sayings, Bitcoin is unique (or at least it was when it arrived) and regarding 'BTC can not make profit' — it has given tons of profit to early buyers what Warren waited for decades.

I think that it goes something like: "Believe in actions more than words". And i personally believe that it is accurate of course.

Why? Because with actions you can easily be able to tell what is happening and why it is happening without being so prone to lies from others. That is a deception where a lot of people fall prey to, at least that's how i see it, it is just a personal opinion of course.

The same definitely applies to Bitcoin.

[eaLiTy]

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.
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.

He is just an old bloke who does not understand the concept of the new technology and you should not expect him to learn about the new market at his age of 88 and after the financial crisis he is just vocal about everything that is happening in the market. You can take any advice with a due diligence and always take advices from people who have an in depth knowledge about what they are talking about.  

[Indamuck]

Warren Buffet is a long term investment and doesn't care about dips.  Every investments has dips, nothing will just constantly keep rising.  He has a never really been an investor in technology companies because he says he doesn't really understand them.  This is why he passed on Amazon and Google.  Only recently has he invested in Apple but that is because he sees it more as a retail business.

[LUCKMCFLY]

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.
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.

He is just an old bloke who does not understand the concept of the new technology and you should not expect him to learn about the new market at his age of 88 and after the financial crisis he is just vocal about everything that is happening in the market. You can take any advice with a due diligence and always take advices from people who have an in depth knowledge about what they are talking about.  

The knowledge of Warren Buffet is based on Stock Market, in the market of bitcoin and altcoins, there are many factors involved, which, the biggest enemy is volatility, both for Stock Market investors and for any economist in the world.

Warren Buffet's advice is very useful, even applied to the market of cryptocurrencies, because this market has an intrinsic sense of technology, which, to the speculators and some investors often does not give importance.

I think it gives Blockchain a boost, because of the technology and breakthrough that it brings, but maybe, the bitcoin-usd market does not meet the investment conditions that it has in its strategies, and does not see it as a safe action. , possibly because he does not see liquidity, that may be the biggest incident factor on which he bases his analysis.

[pat4cryptoreal]

Warren Buffet is a respected person globally but this does not means that any thing He says about bitcoin will have influence in the price of bitcoin. There is no good investor that will sale off his or her bitcoin just because of what He is saying.

[denzkilim]

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.
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.

He is just an old bloke who does not understand the concept of the new technology and you should not expect him to learn about the new market at his age of 88 and after the financial crisis he is just vocal about everything that is happening in the market. You can take any advice with a due diligence and always take advices from people who have an in depth knowledge about what they are talking about.  

The knowledge of Warren Buffet is based on Stock Market, in the market of bitcoin and altcoins, there are many factors involved, which, the biggest enemy is volatility, both for Stock Market investors and for any economist in the world.

Warren Buffet's advice is very useful, even applied to the market of cryptocurrencies, because this market has an intrinsic sense of technology, which, to the speculators and some investors often does not give importance.

I think it gives Blockchain a boost, because of the technology and breakthrough that it brings, but maybe, the bitcoin-usd market does not meet the investment conditions that it has in its strategies, and does not see it as a safe action. , possibly because he does not see liquidity, that may be the biggest incident factor on which he bases his analysis.

Do you think that Warren Buffet is investing in Crypto Currencies secretly and his tactic is to spread FUD to make the price go down and he can buy more at a lower price for his own benefit? Anyways he is free to say whatever he wanted to say and it's part of our freedom. We all know that we cannot please everyone to believe in what we believe and our point of views just let them say whatever they wanted to say sooner or later those people that are spreading negativities about Crypto will get tired of what they are doing.

[bitcoinisbest]

Warren Buffet is a long term investment and doesn't care about dips.  Every investments has dips, nothing will just constantly keep rising.  He has a never really been an investor in technology companies because he says he doesn't really understand them.  This is why he passed on Amazon and Google.  Only recently has he invested in Apple but that is because he sees it more as a retail business.

Crypto is also a long term just like how Buffet chooses his stock on along term horizon. People who want quick money here buys at high and then when market falls consider it as a bubble or like will reach 1k etc. They do not understand that even the top billionaire does invest in market when it is available at cheap prices.

[ChrisPop]

All the respect for Warren, but heis too old to understand Bitcoin and blockchain technology. At least from my perspective his opinion does not matter in the crypto space. Bitcoin will flow to its destiny with or without Buffet's "approval". Also he might criticize BTC just to influence the price in some way. Create some kind of panic, but Idk who would dump his/her bitcoins due to dinosaur's "advice".

[xWolfx]

Crypto is also a long term just like how Buffet chooses his stock on along term horizon. People who want quick money here buys at high and then when market falls consider it as a bubble or like will reach 1k etc. They do not understand that even the top billionaire does invest in market when it is available at cheap prices.

This is a pretty accurate point of view right here. It's highly possible but really hard to be sure and at the end it heavily depends on what he wants to do, it's his life.

The thing is of course that he is a public figure and some cons comes with it besides the many benefits, like for example a lot of people being noisy about your life. What you do and what you don't.

However, it is a lot worse for celebrities in the entertainment business. So in comparison is comfortable i bet, at the end what do we win trying to make others understand? - Everybody needs to understand at their own pace.

[veleten]

why are surprised that an old schoolshark and investors into conventional stocks and markets
be ppreciative of bitcoin, the thing that cannot be controlled and manipulated ( to some extent of course)
unlike your ordinary markets or assets ,also I'm not sure him cussing bitcoin publicly
means that he doesn't hold a substantial amount of them , which he does I'm sure of that
an investor and a speculator of his class just could not miss the potential to join the race

[FIFA worldcup]

Warren Buffet is a long term investment and doesn't care about dips.  Every investments has dips, nothing will just constantly keep rising.  He has a never really been an investor in technology companies because he says he doesn't really understand them.  This is why he passed on Amazon and Google.  Only recently has he invested in Apple but that is because he sees it more as a retail business.

Crypto is also a long term just like how Buffet chooses his stock on along term horizon. People who want quick money here buys at high and then when market falls consider it as a bubble or like will reach 1k etc. They do not understand that even the top billionaire does invest in market when it is available at cheap prices.

Forget about warren Buffet  or any other leader of the crypto world. If you have trust in crypto, then you should always hold the crypto. The best thing is to buy when the prices are cheap. You will get to see many views that crypto is dead when the prices are low. Just ignore such voices and buy more crypto when it is cheap.

[gabmen]

Warren Buffet is a long term investment and doesn't care about dips.  Every investments has dips, nothing will just constantly keep rising.  He has a never really been an investor in technology companies because he says he doesn't really understand them.  This is why he passed on Amazon and Google.  Only recently has he invested in Apple but that is because he sees it more as a retail business.

Crypto is also a long term just like how Buffet chooses his stock on along term horizon. People who want quick money here buys at high and then when market falls consider it as a bubble or like will reach 1k etc. They do not understand that even the top billionaire does invest in market when it is available at cheap prices.

Forget about warren Buffet  or any other leader of the crypto world. If you have trust in crypto, then you should always hold the crypto. The best thing is to buy when the prices are cheap. You will get to see many views that crypto is dead when the prices are low. Just ignore such voices and buy more crypto when it is cheap.

Well first, warren buffet isn't any leader of any cryto faction. He doesn't trust bitcoin and pretty much anything associated with it for now. The guy's an old school investor that made a lot of money so in a way he knows what he's doing. He probably just isn't comfortable with crypto that's why he keeps in making negative statements about it.

[Indamuck]

All the respect for Warren, but heis too old to understand Bitcoin and blockchain technology. At least from my perspective his opinion does not matter in the crypto space. Bitcoin will flow to its destiny with or without Buffet's "approval". Also he might criticize BTC just to influence the price in some way. Create some kind of panic, but Idk who would dump his/her bitcoins due to dinosaur's "advice".

Crypto isn't that difficult to udnerstand,  warren is heavily invested in banks and trditional financial companies.  He stands to lose a lot of money for his investors if crypto continues to grow.  I'm not sure what even heekps this guy going, I think any sane person would be fine with a few billion.

[Thanasis]

Because he knows bitcoin will make the traditional investment as nothing when it has grown into mass adoption and I guess he didn't have enough strategy to survive the real decentralization so he want to buy more BTC for the cheap price by giving bad opinion to the people about bitcoin.

[idham29]

Warren Buffet is a respected person globally but this does not means that any thing He says about bitcoin will have influence in the price of bitcoin. There is no good investor that will sale off his or her bitcoin just because of what He is saying.

It is true that Warren Buffet is a famous person, one of the richest people in the world, very smart, but I see there is dislike for bitcoin, so whatever he thinks about bitcoin is always negative.
Even though on the other hand many have benefited from bitcoin transactions or investments, indirectly denied his statement. Bitcoin is a digital currency that has been recognized by more than 130 countries, meaning it is actually beneficial to many people.

[reality18]

Most of these large influential people like Warren Buffet and Bill Gates have admitted their admiration for the Blockchain technology yet do not like Bitcoin. However, crypto users must not brood much on their statements against Bitcoin because Bitcoin does not need Bill Gates or Warren Buffet in order to survive on the market although their influence can cause a change in BTC price trend.
Bitcoin has survived and made an all time hit of $20K without the help of these public influencers.

[Deylandra]

Warren buffet is right and wrong.

He's wrong because bitcoins value is real, it's not an illusion, anymore than the dollar, pound, or euro is an illusion.

He's right in that most of bitcoins value does not come from making the world a better place or adding real utility to the world.

Most of bitcoin's value comes from expanding the money supply and thus stealing it from others via inflation.

To be fair, bitcoin does add value by making it easier to move money around. It's just not clear to what extend bitcoin's marketcap is due to added value versus expanding the money supply.

The other problem is that bitcoin's theft via expanding the money supply is not a zero sum game. Most of it is wasted in electricity costs. Whereas when the government steals via inflation by printing money, their printing press doesn't cost as much to run.

[jakezyrus]

I think Warren Buffet said that because he is so frustrated on his big loss. It is a huge money that he loss so I understand that he is angry and the only thing that he do is to say something bad fo bitcoin and crypto to make he feel well. He is popular man so he can influence and discourage more people to hate bitcoin and other crypto. But if you have your own perception no one can change your mind in investing in crypto industry.

that will still be a bad move to blame bitcoin and cryptos . its not the cryptos fault on why he loose because he didnt force to invest here at the first place  . he invest on his own .

 warren b. is an intelligent person because he is a profesional but why he didnt consider the risk on investing in cryptos ? he didnt know that cyptos are too volatile .  he maybe famous and he can influence other people especially newbies but for us veterans no one can change our minds   .

[pundit]

Warren Buffet may be legend in his field but he is not only the legend of financial market.He is free to express his opinion but it is not certain that he is always right. Bitcoin is continuously growing since 2009 despite of such statement by big banks and market legends like Warren Buffet. He might have studied about blockchain technology but may not be aware about acceptance of BTC by a large number of people in the world. Bitcoin carries a real value and can be exchanged with any currency, Warren Buffet should learn it.

[BitBustah]

Its obvious that Warren Buffet stands to lose a lot if bitcoin really does succeed as a global currency, a lot of his holdings are in banks.

He has never been one to invest in technology either, he mainly focuses on insurance companies, fast food, manufacturing, etc.  He is the first one to tell you that he won't invest in a field he doesn't understand.

[Mpamaegbu]

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.

You don't need to hate someone because they don't believe in cryptocurrency as you do. That's being emotional and emotions don't win when it comes to business or trading. I somehow agree with people who praise the blockchain but criticize Bitcoin. It's commonsense that blockchain has other applications outside cryptocurrency such as in Accounting. So, if we think Bitcoin is not static and is highly erratic, then there is no harm in taking that position. Even if someone calls it a bubble there is still nothing out of the ordinary. After all did Bitcoin not crash from $19k+ to $3k?

[DreamStage]

Well he is just another person who tries to make Bitcoin down by trying out some fake statements (non proved?)

Many tried and failed... So why do you care about such discussion

The only thing you need to worry about is the real market situation and look for some important news in which investors might look at.
Take some feedback from them and try to think objectvely on when price would rise suddently and when not.

That could help you win some profits way before investors start their pumps.

[BTCevo]

There is so much respect for Warren Buffet in respect to making financial decisions. But he is just human and he can make mistakes. Maybe this time, he is making a mistake in making statements like that about bitcoin.

What I do know everyone has their own mindset in seeing bitcoin, some people seeing this as a big opportunity and some see this as a high risk. But to think a man like Warren Buffet not to invest in bitcoin then it is his decision to make. He wants to invest into something that he really know to make sure he understand how his investment goes. You can see his portfolio that he does not invest into any single tech company

[coin-investor]

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.

He can say what he wants to say but Bitcoin is moving forward and moving nicely, and because of his old age, he will never get to see the full adoption of Bitcoin and when it finally hit an all-time high, who knows maybe he will be the only guy on this planet that still do not believe in Bitcoin.

[LUCKMCFLY]

I respect Warren Buffet a lot, I read his books and they are masterful, in reality he is a big investor, of course, everything is based on the Stock Market, this is very different from everything that the Crypto market entails and all the variables that affect the bitcoin.

I think he would affirm such statements, because he does not see a backup with bitcoin liquidity, he does not see it as something safe, as maybe the actions of Walt Disney, General Electric, but in the Crypto world everything is handled under the offer and demand, I believe that these parameters are what cause insecurity to an Investor as important as him.

[suzanne5223]

Its obvious that Warren Buffet stands to lose a lot if bitcoin really does succeed as a global currency, a lot of his holdings are in banks.

He has never been one to invest in technology either, he mainly focuses on insurance companies, fast food, manufacturing, etc.  He is the first one to tell you that he won't invest in a field he doesn't understand.

It then obvious that Warren is already loose at as we speak because he hold alot of shares in some well knew Bank and industries and with bitcoin giving people the independent they needed while the Banks profit are cut short while Warren also earn some profit through Banks, we shouldnt expect him to say something good about bitcoin.

[adzino]

Warren Buffet is one of the biggest investor in the world and I am sure. He is somewhat right about bitcoin, even though I don't totally agree with him. Investors such as him and other millionaires usually look for safer ways to invest their money while bitcoin market is very volatile and it doesn't promise them anything for the future. That's probably why they don't recommend bitcoin as a good investment for people.

Or that guy is just spilling out all those bullshits on purpose to cause confusion among people so that the price remain low and he can still invest on crypto currencies behind the back of the people when the price goes down. Irony, he called people who believes on bitcoin "delusional". Trust me, his opinion does not matter at all in case of crypto currencies. He is just a fiat lover and knows that bitcoin will eventually take over and this is something he can not accept so keeps on spreading his negativity all around.

[mohammedmattar]

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.

I read some of Warren Buffett's views but did not understand his motives or justifications
It also has negative views on gold as a non-productive asset
he tilted to the stock is if its price  is good
through this information I can say that he is talking about guessing and not the opinion of economist warren Buffett
however, this has a negative effect on btc even if it is limited.

[EXtremeAEX]

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.

Yes, I agree that he is not objective. Warren Buffett makes statements according to his own plans. I'm sure that he will certainly benefit when he makes such statements. And the only thing we can do is not to attach great importance to his words. Over time, he will simply lose his authority and then his statements will have no power at all.

[Pamadar]

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.

Yes, I agree that he is not objective. Warren Buffett makes statements according to his own plans. I'm sure that he will certainly benefit when he makes such statements. And the only thing we can do is not to attach great importance to his words. Over time, he will simply lose his authority and then his statements will have no power at all.

Why taking his words if you fully believe in things that you are supporting, there's no weight if you trust your investment, he's a man who knows how to play with people's emotions, we are not sure if how he really treated crypto/Bitcoin but it won't affect anyhow if you know what  you are investing in, as in the end of the day it's you who will be in charge or your money.