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Message
re: Warren Buffett absolutely demolishes Bitcoin.
Posted on 3/6/24 at 5:22 pm to medium rare
Posted on 3/6/24 at 5:22 pm to medium rare
quote:
But honestly I don't see how it's not just a ponzi scheme
Tell me how the entire stock market isnt the same damn thing.
0
Posted on 3/6/24 at 5:22 pm to The Baker
Warren can frick off
Posted on 3/6/24 at 5:28 pm to jizzle6609
Okay.....now tell me about the US dollar.
Posted on 3/6/24 at 5:32 pm to medium rare
quote:
the government hates it and can't track your purchases
You sure about that - it’s on the interwebs, they track everything
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 5:40 pm to jizzle6609
quote:
They won’t talk about the folks putting their paycheck into this each week hoping for the best.
Leave my lottery alone, MFer!
Posted on 3/6/24 at 5:43 pm to jizzle6609
quote:
have easy access to buy bitcoin without knowing anything about what they are doing
Buying stocks isn't easy?
quote:
They won’t talk about the folks putting their paycheck into this each week hoping for the best.
Gambling on sports is shoved down your throat 24/7 and no one bats an eye
Posted on 3/6/24 at 5:43 pm to medium rare
quote:
the government hates it and can't track your purchases to tell you that you are too many carbs
With bitcoin and most coins, I’m pretty sure the minute you connect you wallet to an account with your information, they can identify you and every purchase from that wallet. The marketers that figure this out have a treasure trove of profile and purchase history on anyone who uses crypto to pay for something or anything really.
Posted on 3/6/24 at 5:44 pm to BK Lounge
quote:
BK Lounge
Ok Gen Z soy boy
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 5:50 pm to BK Lounge
quote:
Ok boomer
What an odd forum to choose to announce to the world that you have no idea what a boomer is.
Warren buffet is not one.
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.
Posted on 3/6/24 at 5:56 pm to JPLSU1981
quote:
I personally think it will collapse at some point, and probably spectacularly
It has & it will again. That is the time to buy it, not now.
Posted on 3/6/24 at 5:57 pm to RPtoDoubleT
He's FOS about inheritance taxes, too.
I respect him, but he's not right about everything.
I respect him, but he's not right about everything.
Posted on 3/6/24 at 5:58 pm to ithad2bme
I honestly don't know that much about it, I was under the impression that is was more under the table bc of movies like the silk road thing. But like I said the bottom line to me is that it seems indifferent from a ponzi scheme, as long as more people are investing then it goes up, but there is no there there
Posted on 3/6/24 at 6:02 pm to medium rare
quote:
I honestly don't know that much about it,
Those are the threads you're not supposed to post in imo
Posted on 3/6/24 at 6:04 pm to medium rare
quote:
it seems indifferent from a ponzi scheme, as long as more people are investing then it goes up
That applies to anything bound to the law of supply and demand. Not the definition of a ponzi scheme.
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