Warren Buffet saids: “Stay Away From Bitcoin”

[momore]

I will always stay with bitcoin.

[bitgolden]

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?

May be the first time Warren buffet predictions may end in wrong. From a old saying, Giants also leaps, Buffet had mistaken bitcoin technology. Hopefully he will regret when bitcoin hit the moon. No one exact predict all the time and all the commodity. So, warren Buffet also.

[RGBKey]

Warren Buffet has been saying crap like this for forever...where have you been?

[klf]

Warren Buffet doesn't invest in technology and probably hasn't taken the time to understand bitcoin

[edric]

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?

Like the article says, he doesn't invest in what he doesn't know. He also probably shouldn't make disparaging comments about things he doesn't know a lot about.  His comment is interesting but misses the point.  In my opinion, bitcoin doesn't have a great deal of intrinsic value because it's a great way of transmitting money, but rather because there is a finite supply of bitcoin that will ever be available.  The technology behind it, of course, makes the whole thing viable.  Buffett is also probably threatened by the notion of a currency that competes with the central banks he works with closely.  His companies make a lot of money from the old way of doing things.  He doesn't want to see disruption unless it is his company doing it.

[BitmoreCoin]

Warren Buffet doesn't invest in technology and probably hasn't taken the time to understand bitcoin

He invests in stakes giving him constant cash flow.

[ashour]

Warren Buffet doesn't invest in technology and probably hasn't taken the time to understand bitcoin

He invests in stakes giving him constant cash flow.

He is trying to pull himself out of the financial world and try to enjoy the remaining years he has ahead. That is probably why he does't care much about new FinTechs

[christycalhoun]

Warren is just a person afterall, he does not know everything. Bitcoin can indeed be replaced by another cryptographic currency but who knows.

[chennan]

Warren is just a person afterall, he does not know everything. Bitcoin can indeed be replaced by another cryptographic currency but who knows.

There is that possibility... But I think Bitcoin will always remain relevant and maybe even used in a "gold standard" type of way...

When other cryptos offers more promising/beneficial features.. It may surpass Bitcoin in purchasing power a little bit, but each crypto will always be compared to the purchasing power Bitcoin holds... Especially after the fiat system has been replaced and we will no longer compare bitcoins purchasing power in terms of dollars.

[free10]

Warren is just a person afterall, he does not know everything. Bitcoin can indeed be replaced by another cryptographic currency but who knows.

its logical that some may fear what they do not understand...