Warren Buffet saids: “Stay Away From Bitcoin”

[CtrlAltBernanke420]

i dont understand why a guy like warren buffet isn't interested in own 1 or 10 bitcoins.. if they go to zero dollars he loses a whopping $200-$2000 his value fluctuates 1000's times that on a daily basis….

Why is it wrong to suggest most people should own just 1 or .5 btc...

[Netnox]

Because he is scared.

[allthingsluxury]

One of the high ranking family member of the 13 inbred terrorist European Bloodline "Warren Buffet" tells his fans & investors to "stay away from Bitcoin."

You can find his excuses in the following articles below:

https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383


Do you have any thoughts?

He always stays away from what he doesn't understand.

[manselr]

Warren Buffet is a decaying dinosaur that's missing the boat, stay away from it.

[Jace]

Warren Buffet said "only invest in what you understand", and I think he's right. Warren doesn't understand Bitcoin. But I do. That's why I feel happy having converted pretty much all my savings into Bitcoin. I trust cryptography way more than the ECB and FED.

[leopard2]

He is a long term value investor so naturally he won't support Bitcoin.

He also does not like IT hype companies, and missed several boats if you will - but his strategy is still successful.  I like his value approach in an ever crazier world

That does not make Mr. Buffet a dinosaur. It is simply not part of his strategy. Railroads, ketchup etc. yes; Bitcoin and Facebook no.

http://www.fool.com/investing/general/2014/01/27/why-warren-buffett-would-never-buy-facebook.aspx

In that 2001 letter, Buffett said: "At Berkshire, we make no attempt to pick the few winners that will emerge from an ocean of unproven enterprises. We're not smart enough to do that, and we know it."

IMHO a bitcoin millionaire would be well advised to diversify into his Berkshire shares, and Mr. Buffett may be well advised to invest a little bit into cryptocurrency. Not a coin directly but into adoption.

[Bit_Happy]

One of the high ranking family member of the 13 inbred terrorist European Bloodline "Warren Buffet" tells his fans & investors to "stay away from Bitcoin."

You can find his excuses in the following articles below:

https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383


Do you have any thoughts?

Jimmy Buffet wants a cheeseburger "in paradise" and needs to know if he can pay with BTC.
Do you have any thoughts?

Seriously, Warren Buffet is too old to easily understand Bitcoin, unless he puts some effort into it.

[bryant.coleman]

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

[Daniel91]

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You can say a lot things about Warren Buffet, you can hate him or love him but for the one of richest man on the earth you can't say that he is idiot with lower iQ or just lucky.
He invested very wisely over very long period of time and a lot people now trying to learn from him and copy his method.
He probably don't understand bitcoin much but this don't change the fact that in most cases he made good financial decision. 

[picolo]

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

No he was not just lucky. He had very low fees, he invested in insurance and got a cash flow that he re-invested, he rarely lost on any investments. When it was tough he used his political connections to get away with a profit.

He made a great deals over the years where he totally legally paid very little for very valuable companies.

His investments in coca cola were very successful too.

[CryptoCurrencyInc.com]

He is a long term value investor so naturally he won't support Bitcoin.

He also does not like IT hype companies, and missed several boats if you will - but his strategy is still successful.  I like his value approach in an ever crazier world

That does not make Mr. Buffet a dinosaur. It is simply not part of his strategy. Railroads, ketchup etc. yes; Bitcoin and Facebook no.

http://www.fool.com/investing/general/2014/01/27/why-warren-buffett-would-never-buy-facebook.aspx

In that 2001 letter, Buffett said: "At Berkshire, we make no attempt to pick the few winners that will emerge from an ocean of unproven enterprises. We're not smart enough to do that, and we know it."

IMHO a bitcoin millionaire would be well advised to diversify into his Berkshire shares, and Mr. Buffett may be well advised to invest a little bit into cryptocurrency. Not a coin directly but into adoption.

Bitcoin is a long term investment. Not a short term investment.

[Argwai96]

Warren will be die when BTC touches $1000 again!

[pr472]

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You don't become one of the richest men in the world by being "lucky". And to say "his IQ is much lower than that of an average investor" is laughable.

[aso118]

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You don't become one of the richest men in the world by being "lucky". And to say "his IQ is much lower than that of an average investor" is laughable.

Warren just doesn't invest in what he doesn't understand. And he sure doesn't understand Bitcoin. 
That doesn't mean others should stay away from Bitcoin.

[sdmathis]

Who cares about Warren Buffet? He made money with Berkshire only because he was lucky. I am sure that his IQ is much lower than that of an average investor. And we can expect similar statements from low IQ people.

You don't become one of the richest men in the world by being "lucky". And to say "his IQ is much lower than that of an average investor" is laughable.

Warren just doesn't invest in what he doesn't understand. And he sure doesn't understand Bitcoin. 
That doesn't mean others should stay away from Bitcoin.

That is so true. Warren Buffet is the quintessential value investor of stocks. Bitcoin is not his style. Neither is FOREX, commodities, or just about anything else. He found what works for him and would be a fool to change now. Never mess with success.

[b-trading]

Because he is scared.

yes of course buffet is scared about something that can change the global economic system

[BitmoreCoin]

Warren will be die when BTC touches $1000 again!

Maybe when BTC is $10,000.

[wearepoor]

Everyone has a right to his own opinion.
Everyone can say what they want to but whether you want to believe in it is up to you.
But nobody can predict anything with 100% accuracy. Even the best mind made wrong assumption or even decisions.

Exactly different individuals have different perceptions and different beliefs. You cannot get carried away by what Mr. Warren says It is totally individual decision whether to go with bitcoin or not. It is more important how an individual views bitcoin nothing depends on what other says.

[manselr]

Everyone has a right to his own opinion.
Everyone can say what they want to but whether you want to believe in it is up to you.
But nobody can predict anything with 100% accuracy. Even the best mind made wrong assumption or even decisions.

Exactly different individuals have different perceptions and different beliefs. You cannot get carried away by what Mr. Warren says It is totally individual decision whether to go with bitcoin or not. It is more important how an individual views bitcoin nothing depends on what other says.

But you have to take into account that for fiat people obsessed with dollars, the Warren's opinion is the same as people here hearing an opinion about something by Satoshi. They have these cultish personalities with tons of followers.
Like I said before, Warren just doesn't know what Bitcoin is and how to use it, so do their followers, but they'll listen to him and ignore what Bitcoin actually is.

[jayce]

Everyone has a right to his own opinion.
Everyone can say what they want to but whether you want to believe in it is up to you.
But nobody can predict anything with 100% accuracy. Even the best mind made wrong assumption or even decisions.

Exactly different individuals have different perceptions and different beliefs. You cannot get carried away by what Mr. Warren says It is totally individual decision whether to go with bitcoin or not. It is more important how an individual views bitcoin nothing depends on what other says.

But you have to take into account that for fiat people obsessed with dollars, the Warren's opinion is the same as people here hearing an opinion about something by Satoshi. They have these cultish personalities with tons of followers.
Like I said before, Warren just doesn't know what Bitcoin is and how to use it, so do their followers, but they'll listen to him and ignore what Bitcoin actually is.

I think its up to him and his followers what they want, because bitcoin is developing now. Their mindset can be changed if world people begin to use it and get many advantage from bitcoin.