Max Keiser takedown of Buffett on his bitcoin stand is epic.

[Juggy777]

Max Keiser also known as the bitcoin bull has slammed Buffett for his bitcoin stand, and I can’t agree more with him as he’s correctly pointed out that when it comes to Bitcoins Buffett got it horribly wrong and ended up messing his reputation. Furthermore Max is also urging people to ignore Buffett advice relating to bitcoins, and he’s urging them to invest in bitcoin. Lastly I hope that Buffett will soon stop making statements against bitcoins, and accept the fact that he was wrong about bitcoins.

Sources:

https://cointelegraph.com/news/buffett-killed-his-reputation-by-being-stupid-about-btc-says-max-keiser

https://cointelegraph.com/news/warren-buffett-expects-market-doom-that-can-take-down-bitcoin-with-it

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[hd49728]

Max Keiser also known as the bitcoin bull has slammed Buffett for his bitcoin stand, and I can’t agree more with him as he’s correctly pointed out that when it comes to Bitcoins Buffett got it horribly wrong and ended up messing his reputation. Furthermore Max is also urging people to ignore Buffett advice relating to bitcoins, and he’s urging them to invest in bitcoin. Lastly I hope that Buffett will soon stop making statements against bitcoins, and accept the fact that he was wrong about bitcoins.

Sources:

https://cointelegraph.com/news/buffett-killed-his-reputation-by-being-stupid-about-btc-says-max-keiser

https://cointelegraph.com/news/warren-buffett-expects-market-doom-that-can-take-down-bitcoin-with-it

I agreed that Buffet should not make statements on bitcoin that is the thing he does not understand about. In contrast, I saw Buffet has done so well in the crisis triggered by the pandemic. Once again, he has shown he is a legendary investor. It is undeniable. He can miss opportunities but he usually choses best period to invest. Honestly, I learned from his patience and his reaction before and during the pandemic so far.

[pooya87]

there are only two possibilities about ultra rich people like Buffet. they are either too rich to care about something as small as bitcoin and since they practically control the Capitalist America they react this way towards something they can never have any control over and goes against everything they know.
the other possibility is that they are in fact converting part of their billions into bitcoin to gain ultra privacy but since we are talking about billions they can't do it in a short time. it would take years. specially when the purchases have to happen somewhere that can't be traced for example buying fresh coins from miners. so they pretend this way towards bitcoin to not raise any suspicions.

[cosmofly]

Max Keiser also known as the bitcoin bull has slammed Buffett for his bitcoin stand, and I can’t agree more with him as he’s correctly pointed out that when it comes to Bitcoins Buffett got it horribly wrong and ended up messing his reputation. Furthermore Max is also urging people to ignore Buffett advice relating to bitcoins, and he’s urging them to invest in bitcoin. Lastly I hope that Buffett will soon stop making statements against bitcoins, and accept the fact that he was wrong about bitcoins.

Many people think that Warren is wrong but I still think he is right. actually this is a matter of each person's subjective thinking. Many people are adventurous, chasing profit regardless of other values, they will choose this decentralized financial market to satisfy. But for me, I agree with Warren. I always wanted to have certain guarantees for my investments, so the stock market seemed to suit me better.

[Fundamentals Of]

Max Keiser also known as the bitcoin bull has slammed Buffett for his bitcoin stand, and I can’t agree more with him as he’s correctly pointed out that when it comes to Bitcoins Buffett got it horribly wrong and ended up messing his reputation. Furthermore Max is also urging people to ignore Buffett advice relating to bitcoins, and he’s urging them to invest in bitcoin. Lastly I hope that Buffett will soon stop making statements against bitcoins, and accept the fact that he was wrong about bitcoins.

Many people think that Warren is wrong but I still think he is right. actually this is a matter of each person's subjective thinking. Many people are adventurous, chasing profit regardless of other values, they will choose this decentralized financial market to satisfy. But for me, I agree with Warren. I always wanted to have certain guarantees for my investments, so the stock market seemed to suit me better.

In a way, yes, because to each his own. If Warren does not find Bitcoin as a sound investment, then it is up to him. He has a different set of standards for a good investment. Sadly, Bitcoin did not pass it. I think it should not hurt Bitcoin supporters. No point slamming the respected investor for his stand. I think there is nothing personal about his assessment of Bitcoin as an investment.

[nicecrypto]

I totally agree with @Fundamentals of, if Warren is not interested in crypto then why they keep insisting like there is something so special about his investment that any other money bag out there can not do, anybody with money can decide to invest heavily on btc of they see reasons to do so, why is Warren buffet investment so special that it becomes the talk on social media and news outlets,
The guy is old and may not want such investment with high risk that can affect his health, people should respect his decision.

[btc_angela]

I think we already know how Warren Buffett doesn't like bitcoin as he is constantly bad-mouthing since 2017 if I'm not mistaken. So I'm not surprised by his stance, and I don't think he is messing his reputation here. He is calling at he sees it, nothing wrong with that. Although we all disagree with his statement, he is very traditional investors, his approach to investing is very different.

[Kemarit]

Let's look at how he invested and make lots of money.

1. His investment approach - he looks for stocks that are undervalued and then investment on them and wait for it to grow overtime. Bitcoin isn't like stocks, it is very volatile and unpredictable

2. Bitcoin is not back up by anything - So he don't want to invest on something that he can't recover. Stocks on the other hand have this kind of safety net, it is folds then you can still recover some of your investment.


He might get it wrong but I don't think it will f**k up his reputation. He already build it and not just because he misunderstood bitcoin doesn't mean you will lose your respect on him.

[buwaytress]

Max Keiser isn't exactly the best person to trash another's reputation, but come on, we're all on Bitcoin's side, so why can't we accept that Buffett's always going to be on the other side. Aren't we all expected to be on the side of the bets we're placing?

Personally, I think it's just fun and games to see all these guys slug it out against each other. We're just here for popcorn time, till we get bored.

[Kakmakr]

What would motivate Warren Buffett to go against the investment strategies and instruments that made him filthy rich? He has built his whole empire on the old traditional Fiat based systems and he is too old to make a major change now.

Also, when you have rich and powerful people in the corporate and political world, falling over their feet to give you inside information on the major events that is going to happen in the future, you do not have to do a lot of guess work to make profitable investment decisions.

The people in the inner circle help each other to protect their wealth and they cannot make that switch to something new, where they do not have the control and early insider information to plan their investment decisions.  

Bitcoin is also a high risk investment and mostly unregulated, so they will be going up against the people that are supporting them with this "insider" knowledge, like the government.    (The same government that bails them out, when they do make mistakes)

[DoublerHunter]

Buffett is not interested in crypto, and it is unlikely that his opinion will change.

^ It only shows we all have our own individual differences in whatever aspect of life. If Warren finds bitcoin as a not good investment so be it, it will not hurt us anyway but it may only hurt us if we force him to believe us, and continuously he will decline us. Nevertheless, some people up to these days may not still believe what bitcoins or other cryptocurrencies can bring them for they are always after a government ruled the world.

[Lucius]

I am always amazed at the human need to identify people with some things, in this case which has been going on for years some people keep trying to put Buffett in the crypto game, which makes no sense considering what kind of man he is. What's even weirder (and buwaytress notice that) that Max Keiser is not really a person who can ruin a reputation (or kill his reputation as the title says), because he is only average comedian (broadcaster and film maker) and gold bug who thinks he understands the world of economics better than anyone else.

Lest anyone think I'm defending Buffett, I have no sympathy for him, but it is indisputable that he knew how to get rich and he knows that today when he is 90. Convincing Buffett to accept BTC for some reason is the same as persuading an 90-year-old man to go running marathon though he knows it would very likely kill him. Why risk your life and your reputation if you have $137 billion reasons not to do it?

[joinfree]

Buffet is a stock investor and i believe he would love to see all this huge marketcap in cryptocurrencies being poured into stocks. So it's pretty normal if you see him making all these negative comments about bitcoin and cryptocurrencies in general. Don't be deceived, though he speaks against us trust me he has not less than 5 bitcoins stored.

[kryptqnick]

Max Keiser also known as the bitcoin bull has slammed Buffett for his bitcoin stand, and I can’t agree more with him as he’s correctly pointed out that when it comes to Bitcoins Buffett got it horribly wrong and ended up messing his reputation. Furthermore Max is also urging people to ignore Buffett advice relating to bitcoins, and he’s urging them to invest in bitcoin. Lastly I hope that Buffett will soon stop making statements against bitcoins, and accept the fact that he was wrong about bitcoins.

Sources:

https://cointelegraph.com/news/buffett-killed-his-reputation-by-being-stupid-about-btc-says-max-keiser

https://cointelegraph.com/news/warren-buffett-expects-market-doom-that-can-take-down-bitcoin-with-it

Buffett is an old conservative guy. He's been successful with investments before, but Bitcoin is too new and risky for him. That's actually quite understandable, although having that much money he could definitely spend some millions of dollars on Bitcoin just for fun. And Justing Sun did his best with that dinner and present, whereas Buffett behaved quite disrespectfully by giving away the gift to charity. Nevertheless, I don't think Buffett's reputation can suffer much, not after all the accomplishments. In any case, he'll be honored for previous smart decisions even if now he makes bad ones. And as for losses in Q1 2020 - well, I am sure many investors suffered huge losses due to the lockdown.

[Cnut237]

it is indisputable that he knew how to get rich and he knows that today when he is 90.

Why risk your life and your reputation if you have $137 billion reasons not to do it?

It's certainly true that he's a clever man with a phenomenal track record. But he's also an 89-year-old confronted with a paradigm-shift. Bitcoin is so utterly different to everything that has gone before, it must be profoundly difficult for someone with a lifetime's experience in the markets to process the full implications of something, in bitcoin, that up-ends previous truths.

Bitcoin is a revolution. Look at every revolution in human history, and you won't see an 89yo establishment figure in the vanguard.

[Sanugarid]

Let's look at how he invested and make lots of money.

1. His investment approach - he looks for stocks that are undervalued and then investment on them and wait for it to grow overtime. Bitcoin isn't like stocks, it is very volatile and unpredictable

We can totally say that he is not a fan of uncertain investment, he needs intrinsic value before he gets down his money that is why he only believe on stocks and other tangible investments like real estate.

2. Bitcoin is not back up by anything - So he don't want to invest on something that he can't recover. Stocks on the other hand have this kind of safety net, it is folds then you can still recover some of your investment.

Or he does invest in bitcoin but keeps he keeps on telling us that he don't so he won't eat his words in the beginning of his stand over bitcoin. Warren is a famous business tycoon and investor, he is wise to know that bitcoin is going to be the unprecedented investment in the future, at least that's what I think of him.

[hatshepsut93]

Most investors aren't interested in Bitcoin and they likely don't even know what Buffet thinks about it, so Warren buffet will still remain a legend, and this Max Keiser guy, whose name I hear for the first time today, won't do anything to Buffet's reputation, no matter how hard he tries. What he will achieve is that Buffet will view bitcoiners as angry people who insult him, so he will be even less likely to change his mind. Not that it matters anything in the grand scheme of things though.

[bittraffic]

Most investors aren't interested in Bitcoin and they likely don't even know what Buffet thinks about it, so Warren buffet will still remain a legend, and this Max Keiser guy, whose name I hear for the first time today, won't do anything to Buffet's reputation, no matter how hard he tries. What he will achieve is that Buffet will view bitcoiners as angry people who insult him, so he will be even less likely to change his mind. Not that it matters anything in the grand scheme of things though.

He just did.  Stocks may just be a bygone and Warren may just be forced to invest in cryptocurrency when stocks re going to be using blockchain as well. Warren will just see himself being laughed at if he speaks again when the world are seeing crypto isn't affected by the Covid.

It would be funny if by his pride he wouldn't invest in BTC but to an altcoin.

[hatshepsut93]

Most investors aren't interested in Bitcoin and they likely don't even know what Buffet thinks about it, so Warren buffet will still remain a legend, and this Max Keiser guy, whose name I hear for the first time today, won't do anything to Buffet's reputation, no matter how hard he tries. What he will achieve is that Buffet will view bitcoiners as angry people who insult him, so he will be even less likely to change his mind. Not that it matters anything in the grand scheme of things though.

He just did.  Stocks may just be a bygone and Warren may just be forced to invest in cryptocurrency when stocks re going to be using blockchain as well. Warren will just see himself being laughed at if he speaks again when the world are seeing crypto isn't affected by the Covid.

It would be funny if by his pride he wouldn't invest in BTC but to an altcoin.

How can stocks be gone? They will exist for as long as free market exists, so if they will disappear, it would mean that crypto will be next on the chopping block. And there's absolutely zero signs that stocks will be "using blockchain", whatever that means. And crypto already got affected by the coronavirus, the drop was huge, and even though we already recovered from it after 2 months, the fact that the crash happened is still important.

[DooMAD]

I used to watch the "Keiser Report" on a semi-regular basis, which I'm pretty sure is where I first heard of Bitcoin, so I can't be too hard on him for that reason alone.  That said, I took a fairly strong disliking to the guy after he launched an absolute shitshow of an altcoin.  If you want advice about investing in general, then sure, he's got a fair bit of useful information to provide, but people shouldn't mistake that for him having any kind of understanding about crypto itself.  He's a crypto enthusiast, no doubt, but he's hardly what you'd call an expert.  He's in a safe position to be making strong statements because no one is really going to pick him up on it later if he's wrong, so I wouldn't take his opinions too seriously.  

Obviously not a fan of Buffett either, though.  

[dothebeats]

Warren Buffett tries to establish a point that stocks, which are completely related to his business empire and model, are way better than placing your money on cryptocurrencies that clearly have no definite future. I can't blame him though since he saw his success on his business model, which makes him completely closed to other possibilities since his strategy worked for himself, as evidenced by his billions. As for Max Keiser, he never fails to iterate some solid points. He's not your regular mindless and illogical/irrational bitcoin bull that acts as if bitcoin doesn't have any flaws.

[hd49728]

What would motivate Warren Buffett to go against the investment strategies and instruments that made him filthy rich? He has built his whole empire on the old traditional Fiat based systems and he is too old to make a major change now.

Keeping his capital as safest as possible is the most priority of Buffet, not invest and earn more money.

Bitcoin is also a high risk investment and mostly unregulated, so they will be going up against the people that are supporting them with this "insider" knowledge, like the government.    (The same government that bails them out, when they do make mistakes)

Investing in strange asset or in companies or industries that Buffet does not have knowledge of and experience on is never his priority. Bitcoin is extremely volatile, that violates Buffet's rules. Blockchain industry is very strange for him, that violates his rules again.