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Started By
Message
Warren Buffett absolutely demolishes Bitcoin.
Posted on 3/6/24 at 5:04 pm
Posted on 3/6/24 at 5:04 pm
CNBC Warren Buffett
What an excellent, clear, concise takedown!
I'm convinced.
What an excellent, clear, concise takedown!
I'm convinced.
This post was edited on 3/6/24 at 5:12 pm
15
Posted on 3/6/24 at 5:04 pm to The Baker
He scared
Posted on 3/6/24 at 5:05 pm to The Baker
quote:
122,109 views Apr 12, 2023
BTC currently at all times highs, why post this now?
Posted on 3/6/24 at 5:06 pm to The Baker
Always looked at crypto like gambling...
More power to those who play and win!
I was never a gambling man...
edit: I realize my username and my above statement does not check out. Thanks
More power to those who play and win!
I was never a gambling man...
edit: I realize my username and my above statement does not check out. Thanks
This post was edited on 3/6/24 at 5:07 pm
Posted on 3/6/24 at 5:07 pm to The Baker
I love the idea of crypto because the government hates it and can't track your purchases to tell you that you are too many carbs that day etc. But honestly I don't see how it's not just a ponzi scheme
Posted on 3/6/24 at 5:09 pm to The Baker
Also, his gripe ultimately comes down to people who shouldn’t be buying securities have easy access to buy bitcoin without knowing anything about what they are doing.
Lots of success stories but those are the only ones you’ll see in the news. They won’t talk about the folks putting their paycheck into this each week hoping for the best.
Lots of success stories but those are the only ones you’ll see in the news. They won’t talk about the folks putting their paycheck into this each week hoping for the best.
Posted on 3/6/24 at 5:12 pm to The Baker
I personally think it will collapse at some point, and probably spectacularly. And I’m also willing to accept that I was wrong and missed out if it doesn’t. But I’m all for others making the money while they can.
Posted on 3/6/24 at 5:12 pm to The Baker
quote:
What an excellent, clear, concise takedown!
Sounded like a rambling 90 yr old
Posted on 3/6/24 at 5:22 pm to The Baker
Warren can frick off
Posted on 3/6/24 at 5:37 pm to The Baker
You’d think he’d like Bitcoin since you can buy children with it
Posted on 3/6/24 at 5:39 pm to The Baker
Why? Because it’s outperformed Berkshire, by a wide margin, since inception and he’s missed on it year-in, and year-out? Sour grapes old man babbling.
Posted on 3/6/24 at 5:48 pm to The Baker
quote:
Warren Buffett absolutely demolishes Bitcoin.
quote:
Buffett would not buy Google, Apple; prefers IBM
https://www.reuters.com/article/idUSWEN4998/
This post was edited on 3/6/24 at 5:48 pm
Posted on 3/6/24 at 5:48 pm to The Baker
Because he and every other big fish doesn’t want the average person to make money in bitcoin. It doesn’t help him.
Guys at his level control the markets and can swing it how ever they want as a group.
The level of money is never gonna be ok with people being able to retire early off bitcoin
Guys at his level control the markets and can swing it how ever they want as a group.
The level of money is never gonna be ok with people being able to retire early off bitcoin
Posted on 3/6/24 at 5:53 pm to The Baker
I know the the first person I run to to get opinions on new technology is a 93 year old.
I like Buffet, but it's hard for me to imagine he can truly understand today's and tomorrow's technology.
I like Buffet, but it's hard for me to imagine he can truly understand today's and tomorrow's technology.
Posted on 3/6/24 at 5:55 pm to The Baker
He's more worried about pumping businesses like Coca-Cola. Diabetes, obesity, plastic pollution, corn syrup from subsidized farms that go heavy on the glyphosate, etc. You know, good business.
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