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Started By
Message
So Warren Buffet sees no future in bitcoin...
Posted on 5/9/13 at 4:38 am
Posted on 5/9/13 at 4:38 am
quote:
Buffett professed to know nothing about it. “I’ll put it this way, of our $49 billion, we haven’t moved any of it to Bitcoin,” he said.
quote:
Charles Munger, vice chairman at Berkshire Hathaway said: “I have no confidence whatsoever in Bitcoin being a universal currency.”
LINK
I'm torn between trusting Wiki and Josh vs A man worth 49 billion dollars :drevilvoice:
This post was edited on 5/10/13 at 5:46 pm
9
Posted on 5/9/13 at 5:21 am to League Champs
:inbeforestatistbastard:
Posted on 5/9/13 at 5:41 am to League Champs
quote:
I'm torn between trusting Wiki and Josh vs A man worth 49 billion dollars
Oh and he's worth 53.8 billion. $49 billion was Berkshire Hathaway 's 1st quarter revenue. To put that in perspective, he could buy the entire bitcoin market, 49 times, with just the profits from January, February and March of 2013. Yet he wouldn't even invest a dime in it.
THAT would be embarrassing for me if I was a bitcoin enthusiast.
Posted on 5/9/13 at 6:29 am to League Champs
quote:
Buffett professed to know nothing about it. “I’ll put it this way, of our $49 billion, we haven’t moved any of it to Bitcoin,” he said.
But what did he say about Unicorn Farts?
Posted on 5/9/13 at 7:26 am to League Champs
Warren also said his secretary pays a higher tax rate than him as if she was a mid20s single mother of two trying to rub a few pennies together. As much as I distrust bitcoins, I don't think warren is totally a straight shooter.
Posted on 5/9/13 at 7:31 am to C
quote:
As much as I distrust bitcoins, I don't think warren is totally a straight shooter.
Here's the thing, he can buy the entire supply of bitcoins and shelve them, just to protect his remaining 52 billion dollars if he thought it was weakening his dollar investment.
Posted on 5/9/13 at 7:41 am to League Champs
quote:But the Winklevoss brothers have millions invested in Bitcoins. Surely that counts for something?
I'm torn between trusting Wiki and Josh vs A man worth 49 billion dollars
Posted on 5/9/13 at 7:47 am to League Champs
quote:
Here's the thing, he can buy the entire supply of bitcoins and shelve them, just to protect his remaining 52 billion dollars if he thought it was weakening his dollar investment.
Are you deliberately trying to ruin Wiki's Thursday?
Posted on 5/9/13 at 7:54 am to League Champs
quote:
I'm torn between trusting Wiki and Josh vs A man worth 49 billion dollars :drevilvoice:
Posted on 5/9/13 at 7:59 am to ItNeverRains
Is this the reason that Magic the Gathering went dark last night?
Posted on 5/9/13 at 8:06 am to Vols&Shaft83
quote:Nah....I sent them an email and it crashed their server.
Is this the reason that Magic the Gathering went dark last night?
Posted on 5/9/13 at 8:13 am to LSURussian
I think it was the heavy volume of 49,896 Bitcoins traded in the last 24 hours that did it.
Posted on 5/9/13 at 8:25 am to LSURussian
quote:
Nah....I sent them an email and it crashed their server.
Posted on 5/9/13 at 8:34 am to League Champs
The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bitcoin
LINK
I do not know anything about this loon but figured I would leave this here.
LINK
I do not know anything about this loon but figured I would leave this here.
Posted on 5/9/13 at 8:36 am to OnTheBrink
Bad link I think
Posted on 5/9/13 at 8:37 am to League Champs
quote:
he can buy the entire supply of bitcoins
No he can't, you don't understand how demand works.
Posted on 5/9/13 at 8:41 am to C
Posted on 5/9/13 at 8:43 am to OnTheBrink
Not working on my iPhone
Posted on 5/9/13 at 8:44 am to C
Well, it's on Yahoo Finance if anyone cares... 
Posted on 5/9/13 at 8:46 am to League Champs
quote:
I'm torn between trusting Wiki and Josh vs A man worth 49 billion dollars :drevilvoice:
What if Wiki is Warren Buffet?
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