Bitcoin is like a venereal disease-- Charlie Munger

[tabas]

We've seen people like him telling this and that negativity about bitcoin and spreading it to the other investors. But, it won't work for us, we've been here for a long time and we know what's up with bitcoin.
He may or not understand the technology and bitcoin but he's a guy that knows about money, he may not express it publicly that he likes it as we've seen folks that have been telling bad words against bitcoin and then suddenly, turned to a neighbor and friendly bitcoin investor.

So basically, what you mean is he's just manipulating the market with his words or the guy just want to express his feelings because he knows what Bitcoin is or don't want people to get suspicious about him if ever he invested Bitcoin secretly?

Either way, we really have seen people like him before using their influence to change the perspective and decisions of others when it's come to investments.

I think I've seen someone like that who keeps giving a bad vibes about Bitcoin yet secretly investing/holding Bitcoin himself but I just forgot who he was.

That could be Jamie Dimon that has been telling words like him about bitcoin but little did everybody know that he's accumulating bitcoin and is into cryptocurrencies. He's even made his own company's coin, I don't know what happened to it.

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[YOSHIE]

Amongst the crowd of Bitcoin nay-sayers, Berkshire Hathaway's vice chairman, Charlie Munger has come out and vocalised his strong dislike of the digital currency.

Whether, he does not think is true stupidity himself, maybe he has not heard and seen in other countries, Bitcoin/digital currency works perfectly, how many thousands of ordinary and poor people change in their lives financially, because of Bitcoin.

Sometimes i think people like charlie munger, really exist in this world, he is voicing something he doesn't realize that his words will have a stupid impact on himself, I remember a high-ranking official in my country said Bitcoin was haram, in fact he bought it.

Now that the times are sophisticated, people can judge and consider what is bad and what is good for themselves, Bitcoin is a real choice for those who really want to change something and their dreams.

I'm sure Charlie Munger, has now pocketed some Bitcoins without the public's knowledge.

[Majestic-milf]

That could be Jamie Dimon that has been telling words like him about bitcoin but little did everybody know that he's accumulating bitcoin and is into cryptocurrencies. He's even made his own company's coin, I don't know what happened to it.

Different peeps with their opinions about Bitcoin. But openly castigating the digital currency and secretly hoarding it is just plain hypocritical imo. Recent happenings in the crypto space has given Munger more reason to gloat over his impression of Bitcoin and the other crypto assets as to him, those who hodl are wasting their time. In his words, crypto currencies are a combination of 'fraud and delusion'.

 Funny thing is, his aversion to the coin does not affect the rise or fall. Or does it?

[Fortify]

Amongst the crowd of Bitcoin nay-sayers, Berkshire Hathaway's vice chairman, Charlie Munger has come out and vocalised his strong dislike of the digital currency.
 In an interview with The Australian Financial review, the executive belted out insults on the coin and also believes crypto engagement is a mass folly. Previously likening BTC to a rat poison, he further advised that investors run from it like they will do from an "open sewer full of malicious organisms" as he feels the best investment to make are from stocks generating real cash. I see this as a mere sentiment and he may have a change of heart.
 It's sad that there are still individuals who are content to been victimized by govt policies on finance than embracing digital freedom in the form of Bitcoin. Although, inspire of his negative impressions of BTC, it has proven to be a hedge against inflation and an alternative payment source that operates without government interference.

Let's face it, Charlie is making an extreme statement and maybe taking it too far, but he grew rich by deciphering profitable companies to invest in so deserves some credit to his intelligence. That being said, even Warren Buffett and Charlie Munger would agree that they have made plenty of mistakes in their past. For most of their investment lifetime they refused to invest in many high tech companies, which is a strategy that they've succeeded in - but they left huge amounts of money on the table, while making slightly less slanderous claims against tech companies. They have also changed their ideas over time and even made contradictory statements, so they are definitely not above getting things wrong.

[Hydrogen]

I can't but wonder if Charlie Munger might be more persuasive if his arguments amounted to more than straw man attacks on bitcoin.

People across the internet always say that straw man attacks are irrational and illogical as well as a poor debate tactic. Yet many demographics appear to have no recourse other than to use straw man attacks in an attempt to prove all of their points. It would appear to be counter intuitive and not the best strategy. Yet we have many billionaires and CEOs using it. As if they could not formulate a better strategy or more convincing argument for attempting to achieve their apparent goals.

I wonder about this as from my perspective, it seems to me that I put more effort into coming up with viable strategies to feed my cat. Than the strategies Charlie Munger uses in his efforts to attack bitcoin.

If someone was a CEO or billionaire I would expect more intelligent and persuasive arguments.

Its an interesting world we're living in, to say the least.

[bittraffic]

As old as the man is, he is well aware of how money becomes money and the open market.
He is just playing dumb. The old man didn't expect BTC to be something that will make his books irrelevant in the next years to come.

However, history can always say Chuck makes sense that anyone who wants to sell something in the blockchain wouldn't say they have shit to sell.

[Jody.Drummer]

Amongst the crowd of Bitcoin nay-sayers, Berkshire Hathaway's vice chairman, Charlie Munger has come out and vocalised his strong dislike of the digital currency.

Whether, he does not think is true stupidity himself, maybe he has not heard and seen in other countries, Bitcoin/digital currency works perfectly, how many thousands of ordinary and poor people change in their lives financially, because of Bitcoin.

Sometimes i think people like charlie munger, really exist in this world, he is voicing something he doesn't realize that his words will have a stupid impact on himself, I remember a high-ranking official in my country said Bitcoin was haram, in fact he bought it.

Now that the times are sophisticated, people can judge and consider what is bad and what is good for themselves, Bitcoin is a real choice for those who really want to change something and their dreams.

I'm sure Charlie Munger, has now pocketed some Bitcoins without the public's knowledge.

No wonder if there are people who show their stupidity in public, he says people who hold bitcoin are stupid, even though he himself made him stupid. The more he speaks in public, the more stupidity he will show. You are right, in fact many people are helped financially because of bitcoin. Such people are puppets who are still willing to be controlled by others regarding their investments.
I'm not sure he actually said that from the bottom of his heart, we never know how many bitcoins he has when he talks like that. I think he's just spreading something that freaks newbies out so he can buy bitcoins at the price he wants. We've heard a lot of people telling negative narratives about bitcoin, but we can see now that bitcoin can hold on and no one can shake it even if it's a government that has a lot of influence.

[Flexystar]

Hmmm, Idk, must be drunk with good wine.
I think Charlie is not the first to criticize bitcoin like this and definitely he might have gone too far in his own investment and lost it all in the process of bearish trend. Now he might be throwing up all his anger towards media and bitcoin lovers like us. Funny to think, but could be any of this or something which kick starts the anger point for such people. Whether it's billionaire or millionaire in the market, when they loose they become snake and starts biting it. How unrealistic they could be, its really funny to think. I think I will give a thumbs down to this and ignore what he said. Nonetheless we should not be thinking about such news which makes negative impression in the market.

[Cookdata]

The rate at which these folks express their desire to dislike bitcoin will only serve to increase its strength and power on a daily basis. Do you know why they keep spreading negativity against bitcoin and its users? It's because they failed to realize what bitcoin might do earlier and regrettably lost the opportunity to buy it while the price was cheap.

Only Heaven knows how these men would have shilled bitcoin if they had the opportunity to purchase billions of satoshi when the price was less than $10, but it is just as well that they didn't because they are the kind of people who will only care about themselves and not the needs of others if they ever get to own any. We are equally fine without them, and they are not needed either.

[Lucius]

Why does his opinion matter to anyone, especially on this forum? The comparisons that he and his partner Buffett make about Bitcoin in the last ten years are nothing but the statement of two slightly senile old men who know that time has overtaken them and that they will not be in this world for much longer.

I think the old fart would give half his fortune to even have the chance to get the disease he compares Bitcoin to...

[Smartprofit]

Bitcoin has many enemies.  

First of all, these are representatives of the traditional financial system.  These people really dislike the monetary function of the first cryptocurrency.  In their opinion, the monetary function should belong exclusively to the US dollar and other traditional fiat money.

In addition, at present, the trend towards tightening financial regulation by government bodies is growing all over the world.  

Before, money belonged to people....

Currently, money does not belong to people (in order to prove their right to money and financial transactions with them, many additional conditions must be met).  

The principle of the presumption of innocence does not apply to finance.  And this modern trend goes against the very ideology of Bitcoin.

[Bitstar_coin]

He will come around eventually, he is not the first to hate on btc and will not be the last. It is easy to say negative things about btc especially when you have not used it not even once.
This guy's hate on btc is based on the negative news written by the media, I doubt he has ever used btc for any transaction. It is easy to criticize what you have no contact with.
Although not that is a personal opinion on btc matters so much but someday when he gets to use btc one on one, he will probably have a different opinion towards btc. It is not impossible. 

[savetheFORUM]

He will come around eventually, he is not the first to hate on btc and will not be the last. It is easy to say negative things about btc especially when you have not used it not even once.
This guy's hate on btc is based on the negative news written by the media, I doubt he has ever used btc for any transaction. It is easy to criticize what you have no contact with.
Although not that is a personal opinion on btc matters so much but someday when he gets to use btc one on one, he will probably have a different opinion towards btc. It is not impossible. 

Even some btc users still hate btc and says negative things to it sometimes, especially if they want to spread fud or trying to dump the price but of course that wasn't sincere. For those who didn't tried using a btc yet, they can also develop a hate with it because the media is poising them.

The media can sometimes be blame here for spreading false news but I think they are only following the order of those whales who is trying to manipulate the market and also from the governments or banks who are anti-btc and wants to destroy btc. Oh well, people's minds can change and sometimes there's also positive news about btc. We shouldn't worry.