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Author Topic: w. Buffet on bitcoin, “Stay away from it. It’s a mirage.." what do you think?  (Read 780 times)
CryptoMoneyVirtualexpo
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December 29, 2014, 04:54:06 PM
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Warren Buffet on bitcoin," “Stay away from it. It’s a mirage.." Do you think Buffett’s advice is correct?
Towards the 6th birthday virtual party for the block chain @ www.cryptomoneyexpo.com we would like to get your input and insight.
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newIndia
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December 29, 2014, 05:14:35 PM
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Warren Buffet on bitcoin," “Stay away from it. It’s a mirage.." Do you think Buffett’s advice is correct?
Towards the 6th birthday virtual party for the block chain @ www.cryptomoneyexpo.com we would like to get your input and insight.

I think u r bringing up an old topic that has already been discussed before => https://bitcointalk.org/index.php?topic=905726.0

Guido
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December 29, 2014, 05:31:28 PM
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old, old news

yawn

use search feature


LiteCoinGuy
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December 29, 2014, 09:36:15 PM
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"The historical track record of old white men crapping on new technology they don’t understand is at, I think, 100%"

Magic8Ball
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December 29, 2014, 10:36:43 PM
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I think he is getting too old.

Seriously, I see how difficult for my parents to use technology in the same way I do, and I do not expect them to fully grasp the potential of something like this. Buffet would be better advised and is a smart man, but I doubt he is able to grasp it either.
Guido
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December 29, 2014, 10:47:39 PM
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buffet knows precisely nothing about technology
doesnt use email, laptops nothing

he refused to invest in ibm, google, apple etc

he has made shitloads out of railroads, real world stuff. no problem
but missed out on 10 times what he could have done.

bottomline I couldn't care what he thinks.

hopefully the buffets and murdochs of this world will be gone soon, in their eighties, can't be too long...

baby222
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December 29, 2014, 11:00:05 PM
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buffet knows precisely nothing about technology
doesnt use email, laptops nothing

he refused to invest in ibm, google, apple etc

he has made shitloads out of railroads, real world stuff. no problem
but missed out on 10 times what he could have done.

bottomline I couldn't care what he thinks.

hopefully the buffets and murdochs of this world will be gone soon, in their eighties, can't be too long...
A lot of people do care what he thinks because he has been such a successful investor. He is one of the very few people that have been able to achieve above market returns over the long term (decades).

With that being said he does not invest in things that he does not understand, and he does not understand most technology companies, and bitcoin is much more advanced then technology companies

Triffin
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December 29, 2014, 11:37:52 PM
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He may not understand BitCoin, but he clearly understands the value of;
and invests in; owners of transaction networks ..

He has significant investments in AXP, MA, and V

Triff ..

Guido
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December 29, 2014, 11:54:15 PM
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buffet knows precisely nothing about technology
doesnt use email, laptops nothing

he refused to invest in ibm, google, apple etc

he has made shitloads out of railroads, real world stuff. no problem
but missed out on 10 times what he could have done.

bottomline I couldn't care what he thinks.

hopefully the buffets and murdochs of this world will be gone soon, in their eighties, can't be too long...
A lot of people do care what he thinks because he has been such a successful investor. He is one of the very few people that have been able to achieve above market returns over the long term (decades).

With that being said he does not invest in things that he does not understand, and he does not understand most technology companies, and bitcoin is much more advanced then technology companies

I agree with you
I just said I didn't care what he thinks about btc

millions care what he thinks and he has a huge following. I watched a documentary about him a few years ago and he has a huge conference/festival built around him, a cult like following and he's been on the money for decades. always in top 3 richest people

he alone was most successful investor of 20th century!

so, not doubting his acumen, but he can be spectacularly wrong, and it is always in tech sector.
apple, google, ibm etc

frankly speaking an idiot could see where the high street was heading 5 years ago, charity shops, bookies, cash converters, lidl etc

but he stocked up on tesco way over the odds too and had to dump at a huge loss

he is a very intelligent man, it's possible he may admit he's wrong in future and brush it away as nothing as he admits he doesn't really understand the tech space

let's face it, he doesn't need the money so it doesn't really matter to him too much

rothy6
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December 29, 2014, 11:56:15 PM
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buffet knows precisely nothing about technology
doesnt use email, laptops nothing

he refused to invest in ibm, google, apple etc

he has made shitloads out of railroads, real world stuff. no problem
but missed out on 10 times what he could have done.

bottomline I couldn't care what he thinks.

hopefully the buffets and murdochs of this world will be gone soon, in their eighties, can't be too long...
A lot of people do care what he thinks because he has been such a successful investor. He is one of the very few people that have been able to achieve above market returns over the long term (decades).

With that being said he does not invest in things that he does not understand, and he does not understand most technology companies, and bitcoin is much more advanced then technology companies

If he does not understand bitcoin then he has no right to call it a mirage.
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