Bluto (OP)
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January 03, 2021, 05:23:03 PM |
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https://www.fool.com/investing/2020/10/13/4-reasons-warren-buffett-cant-stomach-bitcoin/So. Buffett sees that BTC and ETH prices are high up in the sky right now, and that both currencies were basically a giant bull run in the long term. So why does he still dislike crypto? I mean it doesn't make sense. His main goal as an investor is to make money and become as rich as possible, and apparently crypto has been one of the most effective ways to achieve that goal. You would think that he would have been convinced by now with all the you know, BITCOIN BREAKING THE 30K BARRIER AND ETH GOING UP TO 900$ FOR THE SECOND TIME but nope. Is it because of principle or something? I know one thing for sure and it's that Buffett has, is and will be missing out on a lot of money.
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KingScorpio
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January 03, 2021, 08:50:31 PM |
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https://www.fool.com/investing/2020/10/13/4-reasons-warren-buffett-cant-stomach-bitcoin/So. Buffett sees that BTC and ETH prices are high up in the sky right now, and that both currencies were basically a giant bull run in the long term. So why does he still dislike crypto? I mean it doesn't make sense. His main goal as an investor is to make money and become as rich as possible, and apparently crypto has been one of the most effective ways to achieve that goal. You would think that he would have been convinced by now with all the you know, BITCOIN BREAKING THE 30K BARRIER AND ETH GOING UP TO 900$ FOR THE SECOND TIME but nope. Is it because of principle or something? I know one thing for sure and it's that Buffett has, is and will be missing out on a lot of money. ofc he doesn't like crypto he hopes the democrats somehow destroy russia and china and the russian and chinese labour will fix the value situation of his equity, and preventing the woke and racist leftists from destroying the entire usa. thats his business model, thats the businessmodel of all white left democrat and trump haters.
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Poker Player
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January 03, 2021, 09:22:23 PM |
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I don't care about Buffet. Do we understand that he doesn't need crypto at all?
If he had been born like in 1990 he probably would have loved crypto but he is currently the 7th wealthiest man in the whole fucking planet and he doesn't have much time left. Why being worried about what he thinks about crypto?
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coolcoinz
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January 03, 2021, 10:45:56 PM |
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I said it years ago, he's stubborn. He's an old man, old men are stubborn. He's also rich and rich people usually think highly of themselves. Is it really strange to you that an old man who rarely in his life was wrong can't admit it? He's not a tech investor, he never was. Let him do what he wants, I don't believe anybody will look at him as a tech guru or anything like that. Also, he's on his last legs. How many years does he have before him? Bitcoin will continue to reach new highs long after he's gone.
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Ziskinberg
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January 03, 2021, 10:57:10 PM |
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He doesn't invest in a hype technology and he stand with his principle not to invest with crypto. However, we never know what's really happening inside, he might be secretly investing crypto and we don't know. Old man doesn't have to play the old school, he would not be billionaire if he is not smart.
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Twinkledoe
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January 03, 2021, 11:04:20 PM |
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He doesn't invest in a hype technology and he stand with his principle not to invest with crypto. However, we never know what's really happening inside, he might be secretly investing crypto and we don't know. Old man doesn't have to play the old school, he would not be billionaire if he is not smart.
Yes, it is true. He maybe not liking crypto outside, but he is secretly stashing some. Who knows? Anyway, if he will stick to his statement, there's nothing to worry about. We don't need him to continue our life in crypto. Life goes on without him. And we already reached 34k without him or anyone. We can't oblige one person to like bitcoin. It should be on his own accord.
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franky1
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January 03, 2021, 11:33:13 PM |
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buffet has a methodology to his investments
if he invests in a farm. he can get gains from the harvest. and if there is a bad harvest that kills the fields. he can still sell the land and buildings to real estate. thus never lose because the land value is worth more than a single harvest
if he invests in coca-cola. he gains from the sells of black liquid. if they stop production he can still sell the factories because the factory value is more then a years liquid sales
if bitcoin flops due to being to expensive to buy/sell/transaction fee and everyone jumped ship to another coin with cheaper fees overnight.. then bitcoin units of measure have no secondary asset value.
yes bitcoin has real underlying value due to the cost of mining. much like gold does due to expensive gold mining keeping gold above $900 underlying cost compared to $1 if everyone could mine it in their backyard with a spoon.
but if the desire to produce and the desire to buy dies. then theres nothing else that can keep bitcoin desirable. gold for instance has multiple utility. industrial, technological and fashionable bitcoins sole asset value is on the cost of the previous holder/creator
its like not investing in cocacola infrastructure but just buying the cans of coke. if no one wants coke. whats left to sell(scrap metal tin can value) when you look at bitcoin investors they mainly invest in the development and the companies using bitcoin more so than btc's.
all im saying is buffet likes to invest in things that have value even if the internal production fails if anyone was to talk to buffet. you will never win him over on the merits of the coin, and he wont then want to buy the coin. instead convince him of the merits of the businesses that help support the coin and show how the businesses can survive even if the coin fails. and he may then invest in the businesses surrounding the coin. and then promote he coin as a sidestep of supporting the business (he owns % of coca-cola infrastructure, but also buys cans of coke to promote the company making it) if you just told him to just buy cans of coke based on taste and bubbles. he would not
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Mauser
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January 04, 2021, 01:21:57 PM |
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https://www.fool.com/investing/2020/10/13/4-reasons-warren-buffett-cant-stomach-bitcoin/So. Buffett sees that BTC and ETH prices are high up in the sky right now, and that both currencies were basically a giant bull run in the long term. So why does he still dislike crypto? I mean it doesn't make sense. His main goal as an investor is to make money and become as rich as possible, and apparently crypto has been one of the most effective ways to achieve that goal. You would think that he would have been convinced by now with all the you know, BITCOIN BREAKING THE 30K BARRIER AND ETH GOING UP TO 900$ FOR THE SECOND TIME but nope. Is it because of principle or something? I know one thing for sure and it's that Buffett has, is and will be missing out on a lot of money. We shouldn't forget the age of Warren Buffett. He is from a complete different era. Most of his deals he is doing via phone and taking notes on a piece of paper. His type of investing is from the 70/80s. But he is still making nice returns today with his other holdings. He is a fan of Amazon, and the stock price is performing also very nice.
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OgNasty
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January 04, 2021, 05:48:32 PM |
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You can't expect investors that have an aversion to gold to be excited about Bitcoin. If they don't think gold has a use as a store of value, you can image their thoughts on what is being pitched as the digital equivalent. People like Warren Buffett want to own boring companies with a long track record of growing profits. It made quite a stir when Berkshire Hathaway invested in a gold miner recently. With that in mind, it is possible that you could see Buffett buy into a company like Coinbase or Circle in the future if their markets continue to grow.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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libertasbella
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January 04, 2021, 06:17:41 PM |
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I don't care about Buffet. Do we understand that he doesn't need crypto at all?
If he had been born like in 1990 he probably would have loved crypto but he is currently the 7th wealthiest man in the whole fucking planet and he doesn't have much time left. Why being worried about what he thinks about crypto?
Precisely. This is like if Walt Disney had been around to denounce Newgrounds back in the late '90s.
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tvbcof
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January 04, 2021, 07:29:22 PM |
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Not really all that related other than it is about Schiff who is another fossil like Buffett: https://www.youtube.com/watch?v=8WFYOaHqGH4I'm sure it has been posted here and there on this forum already, but I really only follow this board for now. Haven't listened to Keiser for years, but he seems to be his same hilarious self. Accd to Keiser, both Buffett and Schiff will be panic buying BTC at $50,000 per. That should be fun to watch.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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tabas
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January 04, 2021, 11:57:49 PM |
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Just as these financial experts say, "don't invest into something you don't understand". That's what they tell people and Buffett might be going through difficulty understanding the concepts of crypto and that's why he doesn't like it. He can plainly tell that he doesn't understand it instead of saying negative words against it. But if he does keep on putting it with his words, bitcoin gets free exposure through one of the richest people.
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Broly46
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January 05, 2021, 06:50:36 AM |
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And you know what? Plenty of people would still listen to Buffett with high regard! This real world is too sick to realise this is not fine!! This is crazy! No a chance for them to change!
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Self hating nerd that want to escape from reality into the cyberpunk.
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Pizzalover420
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January 05, 2021, 07:47:13 AM |
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Boomer will die soon, who cares what he thinks.
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Mauser
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January 06, 2021, 11:44:03 AM |
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Boomer will die soon, who cares what he thinks.
That is quite harsh. Warren Buffett is a gret investor and made a lot of money in his career. Listening to his advise can be very helpful. Of course we shouldn't believe everything he says.
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squatz1
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January 07, 2021, 11:06:23 AM |
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You can't expect investors that have an aversion to gold to be excited about Bitcoin. If they don't think gold has a use as a store of value, you can image their thoughts on what is being pitched as the digital equivalent. People like Warren Buffett want to own boring companies with a long track record of growing profits. It made quite a stir when Berkshire Hathaway invested in a gold miner recently. With that in mind, it is possible that you could see Buffett buy into a company like Coinbase or Circle in the future if their markets continue to grow.
One of the best looks at this entire thing. Gold is a stupid investment though — literally one of the worst performing asset classes over long periods of time. Doesn’t do anything at all, and is a dumb hedge. If you want a hedge against a global meltdown where stocks go to zero or the zombies invade, then you should go by a gun and bullets. Don’t mind me hating heavily on gold though, I just don’t like the whole — buy gold because we’re going to go back to the gold standard or some bullshit like that. Totally can’t expect the leader of stock market investing over this time period to jump into this asset class though.
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