Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the Berkshire Hathaway annual meeting, …
source
If you offered me all the bitcoin in the world for $25, I wouldn’t take it, says Warren Buffett
Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the Berkshire Hathaway annual meeting, …
source
https://www.youtube.com/watch?v=rhaqQT-JSOE&t=7s&ab_channel=LifeGuide
He is wrong, but also right
He knows the deferrence between Investment & Pure Gambling….
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein…
NICE VIDEO…. PLEASE I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG?
Hello mr buffet … why does US dollar lose 1% value every 30days ? Why are they constantly printing money? Hyperinflation? Stagflation? Why has everything around me going up in value? Is that because I need more money to buy same item .. I work for dollars like most hard working people I work for money. IS A TOOL MONEY IS A TOOL TO BUY SOMETHING THAT INCREASES VALUE like a home ? Some people can’t save for homes because house prices move faster then saving? So I buy bitcoin and crypto because it moves like a asset .
Yeah they didn't touch the internet companies either
Despite the economic downturn,I'm so happy
. I have been earning $90,000 returns from my $7,000 investment every 14days.
He is scared shitless of bitcoin. You can see it with your eyes closed. Lol.
Statement like that is a telltale sign it’s time for both of these young men to retire
Very true. Crypto is like printing money, instead of printing the same currency they juz roll out another limited editionsss.
Appear strong when you are weak.
Waren B. can keep all his stocs if he like. But crypto currency and blockchain is new thing and new value which he do not know.
In B TCs case, More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 2.8btc from day tradng with Naomi Morgan, insights and signals in less than 3 months, The pump and dump has been a perfect eyeopener for us all to really see how unpredictable the market can be
The argument is very flawed
If I gave you ALL dollars in the world, what would you do with it? Whipe your butt?
No, you would SPEND them. So the dollar in itself is also useless. So yes, bitcoin itself is useless too, it exists to be spent or saved, just like the dollar.
Giving bitcoin away does not proof that its useless, it proves that it's a CURRENCY
Now in the US you might say : But we already have the dollar
Yes but you also have 10% inflation
And now look at other countries: Turkey, Venezuela, Russia, Ukraine, half of africa… all their money is basically worthless with sky high inflation, confiscation, sanctions and so on..
Dollar might be ok right now, but wait for the next crisis..
In essence, bitcoin is the first global, democratic currency. No state influence. Can be used everywhere. And unlike gold, you can actually spend it. Try shopping with gold at the supermarket. With bitcoin its already possible today.
I can understand his philosphy about investing in something tangible… But bitcoin is not about whether it can do or produce something.. It's just being a medium of payment and trying to be the purpose of a "dollar" equivalent. It's just a medium of payment…
Regardless of the theories people have to justify the value of bitcoin Warren is correct. Bitcoin trades for what people are willing to pay and has been hyped up because people have been convinced of its value but the only real asset is something that actually generates additional income. One that you can actually accurately predict your ROI. No one can predict what bitcoin will trade at tomorrow let alone a year from now. At the end of the day if you think about it logically people buy bitcoin because they believe it will be worth more $$ in the future… Think about it, eventually they will want to sell it for $/£/€ etc which means the whole idea of bitcoin being a currency replacement in itself is bs
Yupp
What he saying bitcoin is a con
This guys are just old school and need to retire
People use bitcoin to buy illegal things. Things that have existed for thousands of years before there was any kind of interconnected or sophisticated economy or stock market. That automatically makes it more valuable than anything. Before you say its immoral remember its completely legal to invest in war, moden day slavery and environmental destruction. We all have blood on our hands one way or another, bitcoin just allows normal people to get their slice instead of it being limited to corrupt politicians and oligarchy. When people feel safer choosing a ponzi scheme over banking institutions to keep their wealth, you know the institutions have become rotten to their core.
The value of Bitcoin however lies in its (1) ability to store value, (2) accessibility of that value from anywhere in the world, (3) ability to move it transnationally with ease and speed (4), immunity from natural disasters or any adverse local events.
The farmlands he favors above bitcoin can be eaten up by wild-fire during harvest time; the property he favors above bitcoin can lie empty due work-from-home movements that allow prospective tenants to move out of cities; a stock can go to zero due to just a hand full of bad decisions made by a CEO or the executive board.
These disadvantages of "productive assets" are not even remotely exhaustive. Point here is that all assets have their disadvantages and USP's. A healthy blend of them may be necessary.
Love your analysis. <At this point the whales are making the supply running out theory a moot point. They can dump a load on the exchanges anytime they want to drive prices down! But let’s be clear– the Fed isn’t planning to grow its balance sheet again any time soon, meaning equities ain’t going any higher. <Everyone was super bullish on the markets, but now the markets start to correct, and the fear takes over, as retail trader at these volatile times I keep profiting regardless using accurate trade signals from Eric John Clark my portfolio have been on a rise although the rates are capricious wiping out some of my profits i still have about 9btc! worth of crypto assets. NO matter how much the billionaires and institutions buy the selling quickly absorbs it all and more. . It doesn't go down $2000/day because have more buyers than sellers. The deepest packets in this market are selling NOT buying. The only chart that matters is the price chart. I left Eric's contacts in the comment below take care!
Agree because the unfair advantage he can gain from the current corrupted system is far far far more than the market cap of bitcoin
„I would write a check“. Pure irony! It‘s 2022.
Despite the economic downturn,I'm so happy
. I have been earning $ 60,000 returns from my $7,000 investment every 13days.
Then you should buy Etheream
Gold does not produce income, but if somebody offer me the whole US gold reserves for $25 dollars I will take it. I respect Warren Buffett a lot, he is a legend, but everyone should take chances and do new things. 99% of crypto will go to zero, but a lot of inovation will come from this new sector of the economy.
This idiot just said there's 2.3 trillion dollars floating about. M2 money supply is 22 trillion.
That's why bitcoin is valuable,unlike limitless fiat
In Buffet's old age it doesn't make sense anymore to speculate with risky assets he may be unable to offload. It would be like him having emergency food for more than a month.
What Warren is trying to say is that, Bitcoin is a zero sum game, for someone to make money from it, someone else must be losing money. The sum of the all the Bitcoin worth is the money everyone has put in, and nothing more, it's not productive so it cannot last.
It’s crazy people don’t value the info given by a guy that’s been outperforming the market for like 60 years straight
My grandpa would not pay me $25 dollars for my laptop because he does not know what it is or what it does.
The Problem is, he doesnt understand money.
These washed up boomers have it backwards
Buffet clearly hasn't done the homework but which 91 year old billionaire would take the time to understand Satoshis invention. He also critisized Apple before and then eventually bought it himself.
the point of crypto is not to make money mr. buffet it is to store your value that way any government cannot take or freeze it which is a crucial difference compared to farm land and apartments you think you would realize this