Warren Buffet saids: “Stay Away From Bitcoin”

[nkryptd]

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him.  If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

[Amph]

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him.  If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

[jeannemadrigal2]

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him.  If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

Don't forget that mr. genius originally made a fortune because he wasn't using his own money   But I agree that Buffet is wrong on this one (or I wouldn't be here I guess).

[NorrisK]

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him.  If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

Don't forget that mr. genius originally made a fortune because he wasn't using his own money   But I agree that Buffet is wrong on this one (or I wouldn't be here I guess).

Maybe he can see the potential in the blockchain technology and only sees bitcoin itself as a risk too great for him? Wasn't he always in low risk investments?

[bitcoin revo]

Dream big and do what you want, regarldess of what others say.  Guys like Steve Jobs, Bill Gates, etc etc would never of had success if they had listened to all the negative voices who told them their projects were stupid.

[goosoodude]

This is a perfect example of why Warren Buffet is one smart mother fucker.

What is bitcoin? It's a highly speculative, high risk investment, do you think Warren Buffet makes his fortunes on extremely risky investments? What does he have to gain by saying go out and buy bitcoin? Nothing, it's a zero sum game for him.  If bitcoin fails, he was right, if bitcoin becomes successful, the smart people will understand why he advised against such a speculative, high risk investment, he wins again.

the problem is that he still can't understand the technicals aspects behind bitcoin, that it will make it successful in the long run, so no, his point is a bit moot..

Even most of the people who invest in bitcoin startups don't know/understand the technical aspect of bitcoin. Imo one wouldn't need to understand the technical aspect of bitcoin to come to a conclusion about it's economical value in business.

[jason miner]

His reasons for avoiding bitcoin are mediocre ... hey mr.Buffet “Stay Away From my Bitcoin”

[BillyBobZorton]

His reasons for avoiding bitcoin are mediocre ... hey mr.Buffet “Stay Away From my Bitcoin”

I don't think he really cares at this point enough to research it and will not go outside his comfort zone. Warren Buffet said that once you reach $500 million in NW there is pretty much nothing you can't buy. With the exemption of $1.1 billion Bill Gates and the like will still have plenty of NW left to rule the world!

[zeraTunerse]

Dream big and do what you want, regarldess of what others say.  Guys like Steve Jobs, Bill Gates, etc etc would never of had success if they had listened to all the negative voices who told them their projects were stupid.

Yeah just follow your dreams and the rest will be taken care of. You cannot expect that what buffet is saying is definitely gonna true so you just need to visualise things and make a decision on your own and just remember negative news travels faster then the positive one.

[Xenoph0bia]

Dream big and do what you want, regarldess of what others say.  Guys like Steve Jobs, Bill Gates, etc etc would never of had success if they had listened to all the negative voices who told them their projects were stupid.

Yeah just follow your dreams and the rest will be taken care of. You cannot expect that what buffet is saying is definitely gonna true so you just need to visualise things and make a decision on your own and just remember negative news travels faster then the positive one.

Same was the situation when computers and internet came into existence. No one was in support of both the things but it created an revolution around the world. And today it has become the basic necessity of the society you can afford to live without food for one day but you cannot live without internet.

[jayce]

Dream big and do what you want, regarldess of what others say.  Guys like Steve Jobs, Bill Gates, etc etc would never of had success if they had listened to all the negative voices who told them their projects were stupid.

Yeah just follow your dreams and the rest will be taken care of. You cannot expect that what buffet is saying is definitely gonna true so you just need to visualise things and make a decision on your own and just remember negative news travels faster then the positive one.

Same was the situation when computers and internet came into existence. No one was in support of both the things but it created an revolution around the world. And today it has become the basic necessity of the society you can afford to live without food for one day but you cannot live without internet.

Sounds weird but its totally true. No Internet could make you feel death. Imo that's the best invention, and I think btc will be other best invention.

[OgNasty]

“If I had asked people what they wanted, they would have said faster horses.”

[hunnaryb]

Dream big and do what you want, regarldess of what others say.  Guys like Steve Jobs, Bill Gates, etc etc would never of had success if they had listened to all the negative voices who told them their projects were stupid.

Yeah just follow your dreams and the rest will be taken care of. You cannot expect that what buffet is saying is definitely gonna true so you just need to visualise things and make a decision on your own and just remember negative news travels faster then the positive one.

Same was the situation when computers and internet came into existence. No one was in support of both the things but it created an revolution around the world. And today it has become the basic necessity of the society you can afford to live without food for one day but you cannot live without internet.

Sounds weird but its totally true. No Internet could make you feel death. Imo that's the best invention, and I think btc will be other best invention.

Yes it is impossible to imagine a life without the internet If there is no internet you feel like handicapped and same will go with bitcoin in coming years as more and more people start using it and merchants starts accepting it as a mode of payment and Mr.Buffet you are wrong this time 

[roadbits]

His first saying is do not invest in anything you do not understand. That's why he never touched tech or internet companies. He's old school, and avoiding Bitcoin is understandable.

[desired_username]

His first saying is do not invest in anything you do not understand. That's why he never touched tech or internet companies. He's old school, and avoiding Bitcoin is understandable.

If humans in general stayed ignorant and wasn't open to new things then humanity would have stuck in the hunter/gatherer stage.

[operrajunk74]

His first saying is do not invest in anything you do not understand. That's why he never touched tech or internet companies. He's old school, and avoiding Bitcoin is understandable.

Yes we know that he is the one of the richest person of the world but it doesnt make him that he is correct in whatever he says like today new technologies are getting into play and he has never been into the tech world so how can he be so sure about the bitcoins and he have never used bitcoin so I believe we should just ignore him

[sniveling]

His first saying is do not invest in anything you do not understand. That's why he never touched tech or internet companies. He's old school, and avoiding Bitcoin is understandable.

Yes we know that he is the one of the richest person of the world but it doesnt make him that he is correct in whatever he says like today new technologies are getting into play and he has never been into the tech world so how can he be so sure about the bitcoins and he have never used bitcoin so I believe we should just ignore him

He got to be one of the richest people of the world through gambling on stocks, shares, and currencies. I'm sure he knows more than most will ever do about his investment choices, but ultimately he took gambles and got lucky. Why should we take his advice not to gamble on Bitcoin, especially as he doesn't understand it? By telling people not to gamble on Bitcoin he has become a gambler telling people not to gamble.

[tsoPANos]

Why would he say otherwise?
He wants to drop the price because he desperately wants to buy cheap
and make huge profit. But that whale is over.
Unfortunately (for him) people will NOT stay away from bitcoin, as
this is against their interests. End of story.

[Marbit]

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 might be saying it for distraction and secretly investing himself. To the OP how do you say that he is of terrorist descent?

[torrentheaven]

His first saying is do not invest in anything you do not understand. That's why he never touched tech or internet companies. He's old school, and avoiding Bitcoin is understandable.

Yes we know that he is the one of the richest person of the world but it doesnt make him that he is correct in whatever he says like today new technologies are getting into play and he has never been into the tech world so how can he be so sure about the bitcoins and he have never used bitcoin so I believe we should just ignore him

He got to be one of the richest people of the world through gambling on stocks, shares, and currencies. I'm sure he knows more than most will ever do about his investment choices, but ultimately he took gambles and got lucky. Why should we take his advice not to gamble on Bitcoin, especially as he doesn't understand it? By telling people not to gamble on Bitcoin he has become a gambler telling people not to gamble.

Great Point. I simply agree with you.

The best thing is to listen to yourself rather than listening to others. We know that he is a great person but now we should not forget that there is a generation gap and the youth of this generation are much more smarter than the traditional people they will not get carried away with the news they will do only what they believe in themselves.