Warren Buffet statement again

[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.

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[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.