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re: So Warren Buffet sees no future in bitcoin...

Posted on 5/9/13 at 7:31 am to
Posted by League Champs
Bayou Self
Member since Oct 2012
10340 posts
Posted on 5/9/13 at 7:31 am to
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 by ItNeverRains
Offugeaux
Member since Oct 2007
26976 posts
Posted on 5/9/13 at 7:47 am to
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 by joshnorris14
Florida
Member since Jan 2009
45658 posts
Posted on 5/9/13 at 8:37 am to
quote:

he can buy the entire supply of bitcoins


No he can't, you don't understand how demand works.
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