Why the duck is btc at 13.526,98 USD ?

[sunsilk]

It isn't bitcoin that's blowing your mind but those are the books that are telling you not to buy bitcoin. You missing a lot in this party. While most of us have profited already with the rise, there are still those folks like you who are still in the depth of thinking whether to buy or not.

But if it scares you a lot, then that simply means that you have no idea why is it scaring you. We have also our thought that makes us doubt an investment but in this matter, we're all aware that bitcoin is very volatile but it's not the kind of asset that you're thinking.

[SquallLeonhart]

Warren Buffet in that literal video explains to you that he has a "preference" on what he invests and that is about it, he is not talking about why it is such a bad idea that nobody should ever touch it, he doesn't even gold for Christ sake and that is saying something, he knows that he could be right or wrong about crypto, he says he dislikes gold while trillions pour into it so he is not denying the acceptance of gold or crypto, he just talks about his preferences.

He wants to invest into things that produces something, he is a big investor in many insurance companies and banks so it is weird what they "produce" but he also buys huge number of stocks from places like coca cola or gilette as well which produces something. I respect his decision to not get involved with something that he has a reason to not get involved, it is acceptable.

[ChrisPop]

Because it is nothing like we have seen before. It is normal to feel frustrated when you don't understand something. We still don't have a solid framework to analyse the intrinsic value of Bitcoin. We can find out the current valuation of traditional stocks with many different methods based on their earnings and assets. Bitcoin price is mainly speculative and driven by supply & demand like any other marketable thing in the world. Keep in mind that BTC is very scarce with a limited supply of 21M from which 4M (probably more) is lost.

When big companies are taking positions and PayPal announcing integration with cryptocurrencies, what can you expect? The signals are in the market.

With the tremendous respect I have for Warren Buffett, he is not God. He CAN make mistakes and his at an age when it is much easier to stick with the old ways.

[ardentvolcanoes]

It isn't bitcoin that's blowing your mind but those are the books that are telling you not to buy bitcoin. You missing a lot in this party. While most of us have profited already with the rise, there are still those folks like you who are still in the depth of thinking whether to buy or not.

But if it scares you a lot, then that simply means that you have no idea why is it scaring you. We have also our thought that makes us doubt an investment but in this matter, we're all aware that bitcoin is very volatile but it's not the kind of asset that you're thinking.

Most of the time those who are willing to take the risk gained a lot, better to start learning with personal experienced than relying with books

and so called experts, no need to keep everything according to what you read but it's also better to stand against those believes and travel

your path in your own directions.

Afterwards, it's your decision that matters, whatever your take always reflects to your own investment.

[Oasisman]

How is it possible ? ( beside whales pumping the price )

Besides the whales pumping the price, people are actually supporting and investing into it. How did you expect the whales sacrificing millions of dollars trying to pump the price without the investors? (If that's what you believe)

I guess you should stop listening and reading anything against Bitcoin and start learning how the crypto market works.

[larus]

Today bitcoin is 13.5k. Tomorrow it may be 15k or 10k. In the next year it could be 20k or 3k. We all see great dumps and pumps here. You forgot about it, man

[beerlover]

What this pandemic period showed the world is that we could totally move into a more digital world that is possible and we haven't done that for way too long. The year is 2020, there is very little you can't do at your home anymore and that is why the tech should be catching up to people instead of people trying to downplay the improvements of technology. Think of all the people who go to work, or do anything else, most of them are doing that because it used to be "required" for them to do that right?

Now think about how hundreds of millions of jobs could switch to homes, that is just business side of things. So, digital age is coming and people realize that if you see digital age coming maybe digital money is coming with it so they increased their investments on digital currencies as well.

[fiulpro]

Why the duck is btc at 13.526,98 USD ?

I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king

Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...

https://www.youtube.com/watch?v=eTMj4cg64yw

How is it possible ? ( beside whales pumping the price )

First of all those financial books that you are reading might have been published even way before BTC came into existence. The idea is new , it would take time to be accepted in the society and till that time you have to ask yourself : why are you on this forum and writing this post ?

- the answers is : you are interested in Bitcoins

In the future if you do decide to buy bitcoin you have to make sure you do know everything, the basics and deal with the volatility too.

It's a long term investment for me, an opportunity through which I can work from home without much problems. It's an important part of my life which did help me start my artistic business too. I think you should understand the meaning behind Bitcoins , their existence , you should also try it for yourself and then write another book maybe a new financial one , which doesn't only look at the Bitcoins but at the big picture as a whole.

[Mahanton]

Why the duck is btc at 13.526,98 USD ?

I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king

Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...

https://www.youtube.com/watch?v=eTMj4cg64yw

How is it possible ? ( beside whales pumping the price )

"DEMAND"

Main reason on why we here and why it had reached out such value. Fan of reading those financial Books and Idolized those traditional investors or known people into that market?
Dont get blinded too much yet this would really result into missing out such opportunity here on making money with crypto specially with Bitcoin.
Lots say that it is shit, its not a financial asset blah blah and all negative things that can be thrown but look at on where we now? Bitcoin is unpredictable,
it can turn peoples belief upside down and made it to support and we have seen that lots of those perma-bears back in the past had already changed up their
mind now.

[sunsilk]

It isn't bitcoin that's blowing your mind but those are the books that are telling you not to buy bitcoin. You missing a lot in this party. While most of us have profited already with the rise, there are still those folks like you who are still in the depth of thinking whether to buy or not.

But if it scares you a lot, then that simply means that you have no idea why is it scaring you. We have also our thought that makes us doubt an investment but in this matter, we're all aware that bitcoin is very volatile but it's not the kind of asset that you're thinking.

Most of the time those who are willing to take the risk gained a lot, better to start learning with personal experienced than relying with books

and so called experts, no need to keep everything according to what you read but it's also better to stand against those believes and travel

your path in your own directions.

Afterwards, it's your decision that matters, whatever your take always reflects to your own investment.

It is understandable that there are people who wants to know more about bitcoin. And what they do is getting as much resources that they can including the books. We have nothing against those but obviously, if a newbie reads a book about negativity of bitcoin or the author of it is a known economists that dont agree with bitcoin.

They are only getting information that are negative towards it. In the end, experience is the best resource where we can learn lessons. Actual lessons which is why we are believing in the true potential of bitcoin.

[mindrust]

Did Warren buffet ever speel negatively about bitcoin?

I watched the link in OP's post. This is the first time I am watching Warren speaking about crypto.

He clearly describes crypto as a "non-productive asset" which its price relies on somebody that would want to buy it from a higher price. He kinda sees it as a pyramid scheme and sees no value in it.

The way he described bitcoin like it was a bank check book... He said something like "You don't value a check just because it transmits money."

That comparison was pretty negative for bitcoin in my opinion. I think It is pretty much like a fuck you kinda comment.

Obviously being able to send money without needing banks has no value to Warren B.

On the other hand he doesn't really like Gold neither. What he likes is, companies that dig gold. Maybe he would invest in bitcoin mining companies...  

[redsun114]

Today bitcoin is 13.5k. Tomorrow it may be 15k or 10k. In the next year it could be 20k or 3k. We all see great dumps and pumps here. You forgot about it, man

The BTC market is not being controlled by some sharks anymore and there are lots of investors so even if a few guys or a group wants to pump price they cannot really pump the price.

I don't know what people really want because when the price was down they complained why it is going down and now as it is gaining some bull run people are now again complaining why the price is going positive. I understand we all want to have a reason for either up or down movement of price but really right now it is too easy to predict that because PayPal allowed Bitcoins purchase recently that is one of the biggest reasons aided by other reasons as some mentioned by others.

[slapper]

Can you tell me the author of your financial book? Speaking for myself, only people who do not understand shit about bitcoin can smoothly say that bitcoin is a scam or whatever like that. Following the trend is what I have learnt for many years as a trader. And this trend is backed by many big corporations, famous people, investors and whales. And most important, the technology behind is the strongest support ever. Although bitcoin is used in an incompatible way with its primitive purposes, you can't deny the fact that right now, it is believed to be one of the trustful assets by many people

Becoming a speculative asset makes people aware more about the existence of bitcoin. But it also makes bitcoin weaken, whereas whales can easily manipulate the price of bitcoin in order to make money from small and ignorant investors. However, if you have fate on bitcoin, dont be scared of putting more money on this cryptocurrency. It can make you rich someday

[wxa7115]

Why the duck is btc at 13.526,98 USD ?

I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king

Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...

https://www.youtube.com/watch?v=eTMj4cg64yw

How is it possible ? ( beside whales pumping the price )

Bitcoin is effectively new ground so it makes sense that it does not adjust to the current models and if successful then the current models will have to be adjusted, this is one of the reasons why there is so much opposition to bitcoin by the way, think of bitcoin in the same way that electricity was thought at the beginning, it was a complete new industry and at the time it did not made a lot of sense to introduce this new technology when the technology of Kerosene lamps was so trusted, why people at the time needed electricity to light their streets when Kerosene was doing such a good job already?

And that is the same question that people ask themselves about fiat and bitcoin, why do we need bitcoin as a currency when we already have fiat and can use it to buy whatever we want? And the answer is simple because bitcoin is the superior technology and it is based as well on superior principles.

[Reid]

Why the duck is a yellow stone called gold also valuable? 
Traditional? History? Bible? Symbol of purity?
It's just a ducking stone.

We are in a different era now and as for my experience, I pay more using a plastic card at physical stores or a QR code.
Then, deliveries being paid digitally to avoid contact.
I think that explains a lot. Somewhere in the future bitcoin will not just be bought as an asset anymore.

[justdimin]

Can you tell me the author of your financial book? Speaking for myself, only people who do not understand shit about bitcoin can smoothly say that bitcoin is a scam or whatever like that. Following the trend is what I have learnt for many years as a trader. And this trend is backed by many big corporations, famous people, investors and whales. And most important, the technology behind is the strongest support ever. Although bitcoin is used in an incompatible way with its primitive purposes, you can't deny the fact that right now, it is believed to be one of the trustful assets by many people

Becoming a speculative asset makes people aware more about the existence of bitcoin. But it also makes bitcoin weaken, whereas whales can easily manipulate the price of bitcoin in order to make money from small and ignorant investors. However, if you have fate on bitcoin, dont be scared of putting more money on this cryptocurrency. It can make you rich someday

I agree that people can't call bitcoin a scam without really understanding what it is. Even today there are tons of people who see the price of bitcoin and ask about who owns it, like literally think about bitcoin as something that has a company behind it or something and think there are people who are behind it, which you can't really help by explaining satoshi neither because that is when they would think there is a secret guy behind it as well.

I have the same thing with my own father, he knows that I am interested in crypto and whenever there is a huge increase in bitcoin that makes it to news or at least newspaper he calls me up and says "your stock is up again" and that makes me laugh all the time, he still thinks I bought a stock called bitcoin and doesn't get it.

[ultrloa]

Can you tell me the author of your financial book? Speaking for myself, only people who do not understand shit about bitcoin can smoothly say that bitcoin is a scam or whatever like that. Following the trend is what I have learnt for many years as a trader. And this trend is backed by many big corporations, famous people, investors and whales. And most important, the technology behind is the strongest support ever. Although bitcoin is used in an incompatible way with its primitive purposes, you can't deny the fact that right now, it is believed to be one of the trustful assets by many people

Becoming a speculative asset makes people aware more about the existence of bitcoin. But it also makes bitcoin weaken, whereas whales can easily manipulate the price of bitcoin in order to make money from small and ignorant investors. However, if you have fate on bitcoin, dont be scared of putting more money on this cryptocurrency. It can make you rich someday

I agree that people can't call bitcoin a scam without really understanding what it is. Even today there are tons of people who see the price of bitcoin and ask about who owns it, like literally think about bitcoin as something that has a company behind it or something and think there are people who are behind it, which you can't really help by explaining satoshi neither because that is when they would think there is a secret guy behind it as well.

People who doesn't understand Bitcoin call it scam since they doesn't know about it and might they will always link it on those Ponzi schemes continuously running on social media's, and it's no surprise to ask about who is the owner or the company control it since many want to assure the safety of their investment but the least we can for them is to make them understand the simple scenario and other positive possibilities since if they really got a interest for sure they will voluntarily seek for more information to know the bitcoins well.

[wxa7115]

Why the duck is a yellow stone called gold also valuable? 
Traditional? History? Bible? Symbol of purity?
It's just a ducking stone.

We are in a different era now and as for my experience, I pay more using a plastic card at physical stores or a QR code.
Then, deliveries being paid digitally to avoid contact.
I think that explains a lot. Somewhere in the future bitcoin will not just be bought as an asset anymore.

To be fair to gold bitcoin was inspired by it which is why we see so many people making comparisons between gold and bitcoin, however as you say we are in the digital age an bitcoin being digital will have an advantage over gold, however if for some reason our technological level went down followed by a period of incredibly slow technological advancement then gold could make a comeback.

Now this may seem impossible at the moment but this has already happened during the Dark Ages after the fall of the Roman Empire, but if nothing this dramatic happens then I think that bitcoin will eventually erode the market cap of gold until in a distant future it finally surpass it.

[worldofcoins]

Did Warren buffet ever speel negatively about bitcoin?

Also those authors need money from somewhere so they might not have done well themselves. I feel people recommend financial books just so others get used to reading quite a bit... For the authors that do manage passive income - or anyone for that matter - they did it in a safe(ish) reproducible way. Investing in bitcoin is like going to a company in silicon valley, listening to a talk and deciding to provide capital - both are similarly risky and if you say the likelihood of bitcoin of other currencies being suggested to you is similar then you might well be drawn in the wrong direction...

Bitcoin's still a speculative asset though.

I do not agree with Warren. You can invest in your coin which generates profit for you. The most you invest your money with the blockchain more you take the benefits.
The fact is you're helping to promote blockchain technology which grows with your little investment.
I personally think that Warren is uneducated in the field of blockchain people like him always discourage people and mislead them just because it threatens the fiat and people may leave using their fiat currency and move to crypto.

[stompix]

I do not agree with Warren. You can invest in your coin which generates profit for you. The most you invest your money with the blockchain more you take the benefits.

You realize that you're making the whole thing sound like a bulletproof way of making money no matter what?
Just buy coins and you make money, simple as that, wow, you've just solved world poverty!

I personally think that Warren is uneducated in the field of blockchain people like him always discourage people and mislead them just because it threatens the fiat and people may leave using their fiat currency and move to crypto.

Yeah, I'm sure Warren Buffet is so deeply concerned with people moving money from fiat to cryptos, what is he going to do with all his billions when this happens? Poor him! Btw the guy is 90yo, ninety years old!!!!!, you honestly think he really gives a damn what will happen ten years from now?
He holds shares in Kraft, Coca-Cola, Apple, numerous Airlines, and a thousand more companies who don't give a damn if their products are sold for dollars, euros, or bitcoins as long as that has value.