Warren Buffett says he wouldn't pay $25 for all the bitcoin in the world

[raiders72001]

Guys over 90 don't understand bitcoin. Billionaires such as Musk and Cuban do understand bitcoin.

[JIBBBY]

There is no real substance backing Crypto that why the old farts don't like it or understand it.

They are use to buying stock backed by real companies or real estate investing backed by real property. Bitcoin and crypto is none of that.

[Mike Huntertz]

There is no real substance backing Crypto that why the old farts don't like it or understand it.

They are use to buying stock backed by real companies or real estate investing backed by real property. Bitcoin and crypto is none of that.

If there is no real substance backing Crypto why is One BTC worth $40,000 USD?
Why is a painting or a rookie card worth tons of money? Perceived worth is everywhere.
BTC is gaining an audience.

[dlowilly]

Buffet also warned people not to liquidate their portfolios at the beginning of the pandemic in February 2020

He's full of self serving disinfo and bs

[Greget]

Yep, would be shocked if these two guys were on board.

It is generational. But lots of broke kunts here will never come close to touching their wealth, certainly they are smarter than all here by orders of magnitude. Broke diks here are, evolutionarily speaking, left overs.

Also, no one today has been able to provide a single use for crypto besides it being a vessel for criminal activity and the mining itself is a massive waste of energy, emitting nearly 37 megatons of carbon dioxide into the atmosphere every year.

[Greget]

There is no real substance backing Crypto that why the old farts don't like it or understand it.

They are use to buying stock backed by real companies or real estate investing backed by real property. Bitcoin and crypto is none of that.

This is a perfect illustration...left overs.

[raiders72001]

It is generational. But lots of broke kunts here will never come close to touching their wealth, certainly they are smarter than all here by orders of magnitude. Broke diks here are, evolutionarily speaking, left overs.

Also, no one today has been able to provide a single use for crypto besides it being a vessel for criminal activity and the mining itself is a massive waste of energy, emitting nearly 37 megatons of carbon dioxide into the atmosphere every year.

Criminal activity is a tiny portion of bitcoin transactions. A record of every transaction is on the blockchain. You can still hide transactions chain hopping but very few people are doing this.

Coins have been moving from PoW to PoS and hybrid PoS/PoH to lower carbon emissions. Changes will keep occurring to lower carbon emissions. Mineral mining accounts for a much higher percentage of CO2 emissions.

[shadymcgrady]

Lots of misinformed Karl Icahns in here regurgitating the same false info as Elizabeth Warren

[raiders72001]

Millionaires and billionaires in their 30s, 40s, 50s and 60s are still hunting. New skills stop for all after a certain age.

[cankid]

he doesnt need to at his age and his model has been proven without looking into new avenues

[OldBill]

he doesnt need to at his age and his model has been proven without looking into new avenues

booomshacklacka cankid dont try to reinvent the wheel

[raiders72001]

Elon Musk mocked Warren Buffett after the legendary investor once again hit out at cryptocurrencies over the weekend, saying he wouldn’t agree to buy “all of the bitcoin in the world” for $25.Posting a video of Buffett speaking at Berkshire Hathaway’s annual shareholder meeting on Saturday, venture capitalist Marc Andreessen wrote it was “wild” that Buffett criticized bitcoin “while nakedly shilling diabetes” — a reference to the boxes of See’s Candie’s that surrounded the legendary investor at a table.
“Haha, he says ‘bitcoin’ so many times,” Musk tweeted in response.

Last month, crypto supporter Peter Thiel, the billionaire investor, hit out at Buffett, calling him a “sociopathic grandpa from Omaha” and an “enemy of bitcoin.”

Thiel said investors should embrace cryptocurrency as a hedge against inflation.
Munger said he would never invest in bitcoin because “in my life, I try to avoid things that are stupid and evil and make me look bad…and bitcoin does all three.”

https://nypost.com/2022/05/02/elon-m...crypto-stance/

[ericc]

suppose he could get all the bitcoin in the world for $25?

[Greget]

Criminal activity is a tiny portion of bitcoin transactions. A record of every transaction is on the blockchain. You can still hide transactions chain hopping but very few people are doing this.

Coins have been moving from PoW to PoS and hybrid PoS/PoH to lower carbon emissions. Changes will keep occurring to lower carbon emissions. Mineral mining accounts for a much higher percentage of CO2 emissions.

I highly doubt your understanding of bit coin. Bitcoin mixing by definition is anonymous, so it's impossible that you can quantify it's impact. Bitcoin is only essential to criminals, no other users of bitcoin actually need to use it.

Energy usage by bitcoin mining is increasing, not decreasing, but even that misses the larger point that despite it wasting massive amounts of energy, it hasn't, in any significant way, improved the lives of 99.9% of the population.

And are you seriously comparing mineral mining to bitcoing mining? The former is essential to day to day functioning of society, the other, is essentially worthless other than to criminals.

[raiders72001]

[shadymcgrady]

I highly doubt your understanding of bit coin. Bitcoin mixing by definition is anonymous, so it's impossible that you can quantify it's impact. Bitcoin is only essential to criminals, no other users of bitcoin actually need to use it.

Energy usage by bitcoin mining is increasing, not decreasing, but even that misses the larger point that despite it wasting massive amounts of energy, it hasn't, in any significant way, improved the lives of 99.9% of the population.

And are you seriously comparing mineral mining to bitcoing mining? The former is essential to day to day functioning of society, the other, is essentially worthless other than to criminals.

This guy sounds worse than Elizabeth Warren on the rag

[Ghenghis Kahn]

I have news for you fukking retard, Bitcoin isn't anonymous. They can trace every fukking transaction. Monero on the other hand...

Do you know who the true criminals are? It's the fukking assholes that print money out of thin air and calling cryptos a scam. Of course these assholes would call cryptos a scam since it threatens their scams

[The Kraken]

Buffer has always said invest in what ya know

He clearly has no understanding of crypto and thats fine. Im not sure he was taking a shot at crypto or just re-iterating that he would never invest a penny into a technology he doesn't underatand

Either way, has no effe t in my life

[wombat]

I highly doubt your understanding of bit coin. Bitcoin mixing by definition is anonymous, so it's impossible that you can quantify it's impact. Bitcoin is only essential to criminals, no other users of bitcoin actually need to use it.

Energy usage by bitcoin mining is increasing, not decreasing, but even that misses the larger point that despite it wasting massive amounts of energy, it hasn't, in any significant way, improved the lives of 99.9% of the population.

And are you seriously comparing mineral mining to bitcoing mining? The former is essential to day to day functioning of society, the other, is essentially worthless other than to criminals.

You sound like one of those people 25 years ago that said the internet had no use for society and look at it now. Blockchain technology will touch every facet of your life in the next 10 years.

[RoyBacon]

I highly doubt your understanding of bit coin. Bitcoin mixing by definition is anonymous, so it's impossible that you can quantify it's impact. Bitcoin is only essential to criminals, no other users of bitcoin actually need to use it.

Energy usage by bitcoin mining is increasing, not decreasing, but even that misses the larger point that despite it wasting massive amounts of energy, it hasn't, in any significant way, improved the lives of 99.9% of the population.

And are you seriously comparing mineral mining to bitcoing mining? The former is essential to day to day functioning of society, the other, is essentially worthless other than to criminals.

This guy is well known as the stupidest guy on the forum. A full blown tranny fudge packing far lefter.

99.9% eh?

You reckom folks in Russia would rather hold the ruble or BTC? How about China or Venezuela or soon the US?

[JIBBBY]

Buffer has always said invest in what ya know

He clearly has no understanding of crypto and thats fine. Im not sure he was taking a shot at crypto or just re-iterating that he would never invest a penny into a technology he doesn't underatand

Either way, has no effe t in my life

Warren Buffet made more money in his life time then every one did on this forum. He must be a good investor and know a few things.

I don't know how people can bash billionaires like Warren or even Trump that made billions of dollars during their life time when it comes to investing either in stocks and or real estate. Tech billionaires also. Elon Musk especially.

These people excel and are winners with vision and drive.

[Enkhbat]

I think he is just butthurt that he didn't have any bitcoin before it got big. Imagine if he bought 1 million bitcoins before the crazy price surge.

[Mac4Lyfe]

Warren Buffet made more money in his life time then every one did on this forum. He must be a good investor and know a few things.

I don't know how people can bash billionaires like Warren or even Trump that made billions of dollars during their life time when it comes to investing either in stocks and or real estate. Tech billionaires also. Elon Musk especially.

These people excel and are winners with vision and drive.

Trump was given $400 million from his daddy. He spent that and many millions more on failed ventures. He filed bankruptcy too many times to count fukking thousands of people, little mom and pop businesses because he’s a dick too. Name me one successful business Trump owned? ONE? He currently owes about $600 million dollars. Please don’t try to compare Trump with Buffett. One is a total fraud.

[Greget]

I have news for you fukking retard, Bitcoin isn't anonymous. They can trace every fukking transaction. Monero on the other hand...

Do you know who the true criminals are? It's the fukking assholes that print money out of thin air and calling cryptos a scam. Of course these assholes would call cryptos a scam since it threatens their scams

You don't know what mixing is....Never said it was a scam, it's completely useless, but not a scam, most of the time at least. Printing money out of thin air just shows you don't understand anything. Not worth my time debating.

[Greget]

This guy is well known as the stupidest guy on the forum. A full blown tranny fudge packing far lefter.

99.9% eh?

You reckom folks in Russia would rather hold the ruble or BTC? How about China or Venezuela or soon the US?

Folks in Russia have no money dumb shit...the result of far right policies you trupmtards are pushing here in the states. If they did, they could more easily have their money in dollars, gold, or literally anything else, if they were smart/lucky enough to do so before the ruble crashed. Do you think BTC is the first store of value, porky? You still sad you found out your son was turned homo by a tranny teacher?


Still waiting for someone to tell me a single way in which btc has transformed the world.

[Greget]

You sound like one of those people 25 years ago that said the internet had no use for society and look at it now. Blockchain technology will touch every facet of your life in the next 10 years.

No actually I was an early adopter, I always am. Just like I knew the internet was going to be huge, I know btc, which is not blockchain, won't be. Good luck to you.

[raiders72001]

You don't know what mixing is....Never said it was a scam, it's completely useless, but not a scam, most of the time at least. Printing money out of thin air just shows you don't understand anything. Not worth my time debating.

Most of the guys in this thread completely understand bitcoin and mixing. You should head here if you want to learn about cryptos https://www.sportsbookreview.com/for...ports-betting/

And most are regular contributors to the bitcoin forum.

[raiders72001]

If you don't understand Cryptos, NFTs, Web3 and Metaverses, then you're behind.

[jmtbdj]

The game passes everybody by at some point

[themike78]

Next week bitcoin will be worth around 75 cents.

[Greget]

Most of the guys in this thread completely understand bitcoin and mixing. You should head here if you want to learn about cryptos https://www.sportsbookreview.com/for...ports-betting/

And most are regular contributors to the bitcoin forum.

My dude, bitcoin isn't the only way to make money. And from what I've seen, no one is really making money in Bitcoin, not consistently. Meanwhile, getting a college education, 6 fig job, the boring road,etc... has put me well ahead of the pack.

Crypto's impact on society has been basically little to none at this point, that may change, but it hasn't happened yet.

[raiders72001]

My dude, bitcoin isn't the only way to make money. And from what I've seen, no one is really making money in Bitcoin, not consistently. Meanwhile, getting a college education, 6 fig job, the boring road,etc... has put me well ahead of the pack.

Crypto's impact on society has been basically little to none at this point, that may change, but it hasn't happened yet.

What do Bill Gates, Mark Zuckerberg,, David Murdock, Steve Jobs and Michael Dell have in common? They don't have college degrees.

[JIBBBY]

Wanna get rich and find security and retire early in life then buy commercial real estate with a triple net lease, 5 percent cap rate, and with the lease backed by a corporation. Just sit back then and get monthly rent checks hands free with no management for the rest of your life.

Loopnet is a good place to start to find good commercial real estate deals nationwide. You can start with $700,000 - $850,000 if you can save up that much to get your portfolio started IMO.

Buy a chain restaurant like a drive thru. Hardies, taco bell, you name it any where in America with a dense city population. That's what I'm buying right now.

https://www.loopnet.com/search/commercial-real-estate/usa/for-sale/?sk=d3bc64275e74275f3f6e55a168cbf82f&e=u

[Optional]

Bitcoin is only essential to criminals, no other users of bitcoin actually need to use it.

Using Bitcoin for international money transfers saves a normal person 4% to 5% in bank fees and forex premiums.

Being paid in US$ whilst living in a Euro currency country is just one example of a non-criminal usage that also solves a significant problem of banks parasiting off international commerce.

[themike78]

Another huge loss for bitcoin last night. In 2 weeks bitcoin won't even exist anymore.