Warren Buffett: Bitcoin Is An Asset That Creates Nothing | CNBC
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- Опубликовано: 6 май 2018
- Berkshire Hathaway CEO Warren Buffett speaks to CNBC's Becky Quick about what he thinks about bitcoin and the cryptocurrency markets.
For more of Warren Buffett's wit and wisdom visit Buffett.CNBC.com
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Warren Buffett: Bitcoin Is An Asset That Creates Nothing | CNBC
If you were offended by this, that means your emotionally attached to your investment. No matter what the underlying security is, That is always a bad sign.
Not everything is driven by greed
Funny, A lot of people I see investing in Bitcoin are the ones who don't really understand how it works and how the process is. Most of my friends, for example, They're too ignorant to even learn the subject. Lol is like calm down you're chasing the cloud.
@@Sanglierification that has nothing to do with anything
So ironic that our money is literally created from nothing and warren gets so triggered from bitcoin
@@todoldtrafford so what is bitcoin backed by? And my dollar doesnt lose value unlike what bitcoin does
What I still find odd about bitcoin is that people buy and hold bitcoin as if it is a stock. It was not designed to be a stock, but rather it was designed to be a decentralized cryptocurrency. If people hold onto bitcoin only because they believe it will rise in value, then it defeats the whole purpose of bitcoin.
Exactly. The price of Bitcoin and other cryptocurrencies does not reflect their intended use, it's being driven by speculation and FOMO.
Exactly! If it's supposed to be a currency, why are you treating it as a security?
This is why stablecoins were made.
If you hold dollars does that defeat the purpose of a dollar? Your logic doesn’t make any sense.
@@Cragdoge You hold dollars to SAVE and SPEND it when needed. I've never met anyone come up to me and told me they will pay me in Bitcoin to pay for my real estate services.
Plot twist: after this interview he created Buffcoin.
lol
@@virginiaarmstrong8152 😍😍
Magic hahah
Lol
he bought some
An investment in knowledge pays the best interest."
Yes, forex investment, I heard it's very profitable
Yes, true but I don't know anything about.
I have heard so much about forex how does it work
Did I hear someone say forex?
Do you believe I invested $4,000 and got paid $51,070 in seven days?
All these Bitcoin believers in the comments saying Buffett doesn’t know anything.... he knows how to make 85 billion dollars bro 😂
He didn't make them off of Amazon, Google, Facebook, Microsoft, Apple and the likes. Technology is not his field, he has admitted this himself. He does not invest in what he does not understand. What makes you think his opinion on Bitcoin matters then?
He understands Bitcoin. The reason he's not "investing" in it is because he thinks it's worthless.
He himself stated IN THIS VIDEO that he doesn't have a clue about Bitcoin so wtf are you talking about? I hope he lives long enough to realize what a fool he's been about new tech. Again. The dude doesn't even have a cell phone and he's going to educate 20/30 something year olds about crypto? Seriously wtf.
Actually he invested in Apple 2 years and has made a killing.
Satkaran Dhillon he has 85 billion dollars. 85 billion reasons to talk negatively about the new world currency. he can’t just go buy $85 billion in bitcoin btw. he’ll lose a huge amount of that before the order is filled.
If your investment isnt productive, then youre not investing, but simply gambling.. the money you won is merely the money that either someone loses or will lose at the very last peak
EXACTLY, great comment.
That's what most cryptocurrencies fanatics don't understand, and even if we widely adopt this kind of money in the future, only a handful of the thousands of cryptocurrencies will be worth something... 99,9% percent of them will be worthless zeroes and ones in some hard drive somewhere, the greatest piramid scam. Hopefully people won't start jumping from tenth floors when that happens.
So, in the end is just gambling in the ones that PERHAPS will have value.
👏 👏 👏
I am confused. Gold as no productive value and yet as always been considered a sound investment.
@@danielfrappier3378 Warren finds gold the same its unproductive and you're hoping someone will buy it at a higher price essentially does nothing.
@@CorporalCornGaming Really. I did not knew that.
what the point? Lou Elis Peterson was right !! hold or mine it
what
Yes she was right , ever since I know about her I’ve never made a single mistake in bitcoin mining or hodling,I appreciate her effort and support effortlessly,she’s really one of a kind .
@@cryptocole239 lmao it's just fkin bots man. @youtube you listening?
Why is Bitcoin being traded in the stock market? Isn't it supposed to be a decentralized currency? Who can use it if is worth $20k to have one Bitcoin and going up day by day. The point of exchange is so volatile that I think we just trashed the whole purpose of this Bitcoin.
Trading is very profitable with the help of a seasoned broker managing your trading account
Investing in Assets is the cheat code for having a successful financial life.
You are right, I thought I knew it all when I was practicing with my demo account
To avoid making losses while trading, you need to get full understanding and knowledge of trading and holding
@@davidmatheus261 You're right..most time having knowledge or insight about a particular activity can as well be a pleasing exercise.
Anyone else seeing the insane amount of bots in the comments lmaoo
bitcoin bots ....bitcoin trolls...yup.
Scammers, report them
Tamela Huang : bot 🤖 bots ...I would like to than bots
Yes! There’s Mrs Jane’s and Mr Bill and all these Mr’s it’s crazy!
Those f'ing bots are crypto nuts who live in a basement and have nothing better to do than try to make the internet push the price of Bitcoin up
I have to disagree with Warren here, bitcoin creates energy waste
Bitcoin should be the favorite target of AOC and her GND.
Says Google sucks
Bitcoin converts electrical energy into code, which is another form of energy.
@ Try to make a fire with your "code" ... Good luck !
Are you 9 ?
@@Kaser how do you think a rocket works?
Financial inclusion works hand in hand with financial literacy. And when the latter is lacking, many would see the potential risks involved in this. To instill market discipline, an understanding of what u invest in is really important.
Just wow🔥🔥🔥
In trading Bitcoin and other commodities, everyone wants 1000% in a week, but can't handle 20% drop in a week. That's the beginning of witchcraft.
Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” “The mind is a fascinating instrument that can make or break you.
She has been handling my trade for years now
Yes, through online investment
How do we get paid through
Us it through forex investment or stock market
What Buffett talks is always pure common sense about investing that sometimes people forget because of excitement of speculation or gamble
i wonder how he missed out of Amazon and Google ? lol i guess it was common sense to dismiss all the tech hype of the early 2000s
I agree
Brian Yvr Google and bitcoin are not the same. They are nowhere near the same.
The stupid thing about comments like this is you only look at warrens homeruns but not his strikes. This is Th e same guy who bill gates approached and begged him to buy Microsoft before it blew up and just ignored him
@@missionpupa The thing about Buffet is that while he's missed opportunities, he rarely loses money. That's because he only invests in something that he knows for a fact is going to be successful.
I think he's partly on bitcoin. Bitcoin is not something meant to invest in. It's mean to be used for transactions. It's only being used for investment because of people trying to get rich.
Buffet knows how to make money, but he doesn’t know how to buy drugs on the internet
wait you know ?😮
mcnet how did that work out for him?
I doubt he knows how to buy anything
@NoseKey And cartels are effectively companies! You buy a drug farm, and at the end of the day, you also earn profits. On top of having your farm! XD It fiscally still creates VALUE
@Se A Idk, maybe Steve Jobs and Bill gates? They both used LSD and they became pretty huge. Sigmund freud also enjoyed his cocaine once in a while. As do many rich tech giants in silicon valley today.
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating...
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.I can boldly say that Forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status.
all you need now is a professional trader else you will continue making losses
As a beginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional broker
This is the perfect time to invest in Bitcoin because of the rise in Bitcoin.
Well, you are saying the fact. I invested $4,000 with Mrs Sophia, and earned $12,000 in 7 working days.
Whenever he says "significant amount", I have to gulp down twice
A great mind, humble character, lots of common sense and, well, about 70 years of investment experience. I trust Warren and Charlie 100 x more than all of Wall Street combined
I believe Warren Buffet himself once said "many more careers on Wall Street have been made through salesmanship ability than investment ability."
He doesn't know about anything in crypto and is so old he will be dead anyway when it blows up lmao
@@frontbattles8090suck it loser, he's Warren Buffett
@@frontbattles8090 You are a better investor than him
This is the guy that turned $100,000 to $84billion . I'm definitely going to take heed of what he's saying rather than listening to many commenters here ,who have surely not achieved the same feat as Buffet :)
Komathi Sukumar sure Buffet used to be "the oracle of omaha". But he missed everything about the tech. He is not a "visionary guy"... google what Buffet was saying about amazon and google back in the days... he missed EVERY tech breakthrough.
Komathi Sukumar this guy doesn't understand bitcoin... He thinks it's only buying at a higher price lol people use bitcoin to buy certain things. Do you can price bitcoin at any price, as long as you use it right away, you don't lose money. The seller makes money while the buyer uses it to make a purchase. Everyone is happy
Gotta love it when keyboard warriors think they know more about investing than a guy who made 85 billion doing it
He's given away more than 15 billion already. So 100 billion +
Komathi Sukumar that’s purely down to inflation. 100k in 1900 in like 50 billy now.
warren missed both the internet and blockchain technology. but somehow he is one of the richest people in the world, it goes to show that sticking to what you do best is also a good investment.
Great observation! True
His investment company successfully uses the internet to trade.
What he didn’t bet on was kids making dot com companies that were winging it hoping to make it … which was true common sense to avoid investing in them. Majority of those companies failed.
"The dollar is an asset that creates nothing"
dollar is universally excepted currency
@@tednguyen8310 you can't use dollar in india🤣🤣🤣🤣🤣
You are correct as goes for every currency. It is just merely a means of exchange.
Mass Psychology dictates fictitious and fraudulent value…length of Time, breadth of good health, and loved ones are the only true intrinsic assets any individual can ever behold.
You sound like a person who needs to be told to wake up and smell the coffee.
the bitcoin community is being trolled by berkshire hathaway.
@peace keeper lol say wuut? Uhm... i open my wallet, I type in my passphrase, and boom access i get access lol. Not even internet is needed. Or are u talking about Fiat?? I could see fiat getting locked up once BTC takes off but not BTC ironically.. nobody is between crypto and its keyholder bro... thats kinda the whole gig man. Welcome to crypto!
Truth hurts. Bitcoin will never be a viable currency/payment system. It’s future is solely with its being adopted as a replacement to gold.
@@williamwilson6499 yes. But other crypto are solving that, smart contacts, gambling. We have not defined what money is. Is it not just confidence.? It may not be Bicton eventually but there we go. Forgive Mr buffet.
@@jamesmhango2619 Innovation is the key. The future is digital...something better than Bitcoin.
yeap... and they got bankrupt afterwards
He's basically saying investing in Bitcoin is like investing in WeWork.
Shannon S or the fed
😂 WeWork was the first company that popped up in my head when he was talking about investments👏🏾👏🏾
Yep, and look what happened to WeWank. Tee hee.
Bitcoin is not a company(equity) its a currency . You’re just exchanging fiat for crypto . Why can’t people understand this ? You can’t compare bitcoin to a company , because they aren’t the same !
Dave Santiago Yes but people use it is an investment far too often and it is too volatile to really use crypto as a currency
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich
@Eva Helen When you invest in crypto you are buying a day you don't need to work.
Now is the best time to purchase and invest in bitcoin, stop procrastinating
Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.
@wilson Adams Crypto is the future, investing in it will be the wisest thing to do especially with the current rise....
If you want to be successful have the mindset of the rich, spend less and invest more,. Don't give up your dreams, I pray whoever likes and reads this will be successful!
@Lucas Hudson You're right Sir
Should i buy Bitcoin now and invest?
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Any specific guide?
I'm a beginner, i don't want to make any mistakes whatsoever
When he speaks he makes me want to cough for him
True!
Same with Fauci lol
👍👍I’ve tried to clear my throat a few times already
That's true , it make me swallow saliva 😂
I feel bad for him but man he's holding that phlegm like his investments
Warren Buffet is a down-to-earth businessman - talks total sense as opposed to total BS
He's talking total BS here ... look a the price of bitcoin now $12K, in 2019 it will be $218,000. He's a fool that doesn't understand BTC.
Nautilus1972 bro if that doesn't happen your gonna feel like a 🤡
Nautilus1972 3/4 of 2019 is gone now, where is the $200000 per coin?
@@Nautilus1972 he makes more than you ever will your entire life in an area which he's an expert in with many more years of experience. And you think he's a fool smh
@@Nautilus1972 fool? Excuse me are you a billionaire?
Same with gold, silver, platinum, and any currency known to man, yet we still value those for some reason.
But gold in technologies? Gold as a tool for status symbol objects. Gold as a usefull form of physical currency
We actually need gold and in electronics and platinum in other tech.
Gold can be used in a lots of electronics . Unlike crypto that is basically nothing in general without the numbers added to it.
@@MazdaRX7007
That’s a modern use for metals. We didn’t always use electronics. Status isn’t important.
@@dolpsum8492
What is RUclips or Google or any electronics without the one’s and zeroes added called firmware and software? Most our modern banking system is already digitized on centralized databases. If all people ran on the banks only small percentage could get all their money withdrawn in physical cash. I don’t see the argument against crypto that it’s purely code so isn’t worth anything. Programmers sell code for millions but its code just code.
It is estimated that over 40,000 to 300,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. Mrs KATIE WALLACE is a professional broker who manages,handles and gives guidance on investments to get good profit.
Wow! its surprising to come across someone acquainted Mrs KATIE . She has really changed my life.Thanks to my brother who refered me to her, shes one of a kind.
I invest with Mrs Katie too,she charges a 20% commission on profit made after every trading session and thats fair compared to the effort she puts in to make huge profits.
As a bitcoin trader, it's almost inevitable that you're going to experience some ups and downs along the way. Alertness and decisiveness are both fundamental ingredient in the recipe for a successful bitcoin trader.
please can you tell me more about bitcoin trading i want to start trading
Speaking of bitcoin trading, it's the best business in the world right now. I know a couple of friends who make a whole lot of money trading the financial market.
"Maybe when he (Charlie) gets a little older he'll mature..." haha
This is the man who surely knows the game and doesn't fall into the "trap"
He knows stocks but no bitcoin.
You get that right !
@@christophschreiner832 let me give you a second told bro, according to robert kiyosaki in an interview, recently warren buffet made a "strange manuever" to sell most of his stocks then buy phisycal gold, it is strange becouse warren buffet is famous with statement that phisycal gold is the last thing he would considered as an investment, btw this PLANdemic thing is very fishy bro especially in terms of global monetary system and stock market in particular
@@RedDeadClips but he knows how monetary system works and who "controlled" it
@@abdulnafi5286 lol plan-demic. Wow
i don't know who needs to hear this, you've got to stop saving money.invest some part of it if you really want financial freedom.
invest in bitcoin,gold, silver,buy stock, Forex market, commodities.just invest and save yourself.
Good talk, I tell my friends everyday.its good to save money but gotta have that investing spirit if you really want financial freedom.
@@donaldvector6336 Fact!
@@johnvictor6390 what if you don't know how to trade any of these?
I mean,i see your point.some people have the money and are willing to invest.but the problem is where to.
What an amazing video,this is exactly what I need as a motivation to trade Btc/Fx
Shorting the right stock at the right time is a good way to make money
People are ignorant of the profitablity in Bitcoin investment and that's been there major issue limiting there investment
I'm so skeptical about this whole trade of a thing
Stock are good too
@@contactexpertmrsisabellapo3341
Of course stock are good but Bitcoin investment is great unlike the stock market, it has no centralized location since it's operates 24hrs a day in different parts of the world
I'm looking back at this video just to laugh at the comment section
Come back and read again
I'm looking back at this comment to laugh at you
Laugh at people yesterday...tomorrow they will laugh at you... just be kind to every body... be happy together what ever btc is 😊
Well bitcoin is headed to 40k by years end.. soooooo
@@soonermagic24 sure about that?
He has also said that he doesn’t invest in something he doesn’t understand...
Doesnt mean he invests in every stock he knows about
Better than investing in something you don't understand
Buffet understands Bitcoin and decides not to invest in it.
Yup
@@liang890330 no buffet when it s comes to technology is a child with all due respect he said the same thing with amazon and google the price now is up this video aged like milk
it obvious that people till now don't understand that they need Lou Elis Peterson as their cryptocurrency manager. I am making a lot of Ms through her.
Oh so you know her ? She’s one of the best crypto currency’s manager I have ever met very talented in her profession in managing crypto assets for people who are newbies to crypto.
Shut up scammers
@@themuiz9671 on god, all these people keep saying the same stuff while posing in their "business attire" its so cringe 😂
LAUGHING AT THIS 3 YEARS LATER .......DINOSAURS DOSENT UNDERSTAND BITCOIN 😂
He understands it perfectly. Are you saying this because the price has skyrocketed since then?
@@viachicago what does he understand about it?
*•W•H•A•T'•S A•P•P ••M•Y••••°°°*
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*•F•O•R•• M•O•R•E••D•E•T•A•I•L•S•°°°°*
*^O•N••I•N•V•E•S•T•M•E•N•T••*
He is talking about the 95% of first time investors who are sinking life savings into Bitcoin. This is what's driving the price, thinking they will get rich... when it's of no real value. Understand what he is meaning by Farm has a value... in any currency or exchange.
Bitcoin is of no real value? How much are the banks worth, and their derivatives? How about the central banks, what are they worth? Add those two together and you have a real idea of what bitcoin is worth. Nevermind the innate benefits that you cannot achieve in current systems. If this was 1900, and people were talking about debit cards, there would be the same pushback.
I think the future of cryptocurrency remains bright but you can't really deny that the market is very volatile and the price points of both altcoins and bitcoin can drop like nothing else. This just doesn't happen to broad index funds and blue-ship stocks.
@@umoramayori your idea is based on the anticipated massive implementation of bitcoin or other crypto in real life use case scenarios. Sadly none would use a volatile currency to purchase something. Central banks are not worthless. We use the fiat money they print to buy things.
@@andreasmelkersson3592 agree. I think the future of cryptos are promising as long as smart minds keep exploring blockchain technology and blockchain finds real use scenarios.
“No real value”
As COM uses a Protocol to send his comment cheap and fast
😂 #Irony
Never buy a thing you don't understand n explanations are unavailable
Thats great I understand how crypto works and the explanations are available out there.
@@MrWubly Have you made good returns?
@@warrenwong4518 actually I invested around 4k of my summer savings, and my ethereum wallet is nearing 9k. Few months of progress has been nice. Its quite volatile but im learning when the right time is to exchange for stable currency so I csn enter in on some trades for cheaper. There is alot to learn, and I'm happy 4k has turned into something larger!
@@MrWubly Thats awesome. Just be careful. Most (98%) of traders lose money on average in a 3-10 year span. Its tough out there
Everyone who have 401k don't even know what a target date fund is or how it works but yet they still invest in it.
Bitcoin was supposed to be a currency not a commodity , bitcoin should have solved a lot of international trading hurdles or forex change nightmares , but its not and i don't think it will even after the last coin is minned
I have made a lot of money from Bitcoin trading. All thanks to my investment manager Mrs Nora Jones for her professionalism in managing my crypto investments
Bitcoin is very profitable. I've also made a lot of profit investing in bitcoin trading.
Hello Alecia Vince, I'm new to Bitcoin and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from Bitcoin trading?
@@zackrobert1607 All you need as a beginner to make good profit from Bitcoin is a professional trader and crypto investment manager who will trade on your behalf else you may make losses
@@rudduckcharles2225 How can someone know a professional trader and investment manager that is trustworthy when legit ones are hard to find this days
@@zackrobert1607 I will recommend Mrs Nora Jones. She is my current trader and investment manager
Literally got a Bitcoin advertisement when I pressed on this
Don't forget that bit coin also consumes monstrous amounts of electricity. So it is an asset that produces nothing and consumes energy at the same time. It is like owning a factory that pays electric bills every month and makes nothing except more factories that consume electricity.
What about the costs to keep gold reserves safe? Fort Knox spends tremendous amounts of energy and manpower just to keep it safe. Cryptos are forever through the blockchain.
To mine them, yes. What about when they're all mined and the set amount of btc is now in regulation?
@@samcolton943 The mining will just continue running on trasnaction fees instead of transaction fees + extra coin
Just like cash lol
@@Scyber_Official you missed the point. At least with gold there's a physical asset that bitcoin does not provide. Also gold, along with bitcoin, is not manipulated by the government. So ya bitcoin is consuming so much energy while providing nothing at all.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@Chad Campbell Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
@Dwayne Wright Hello Do you trade on your own?
@Dwayne Wright That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.
@Dwayne Wright Is her service available outside of the US? As her broker is registered in the US.
I love how he said rat poison squared HA
Fact: BTC was $9330 at the time of the interview, it is $6300 now. Buffett has been dead right so far...
(edit) now $3400 Dec 7, 2018
BTC rise was like the nasdaq bubble, anyone with a decent level of training in finance could see it.
Yeah, I totally agree. If you extend the NASDAQ analogy as far as gains & subsequent losses, the NASDAQ went up around 1,000% (2000) before falling 80%, for a net gain of a double from where it started in late 1990. If BTC "merely" doubles from where it was as recently as Aug 2013 ($129), a doubling from there would be $260... And ordinarily, a double in 5 years is a pretty respectable gain! But I don't think people realize that bitcoin was under $1 less than 10 years ago, making BTC possibly the greatest bubble of all time... by far. I think BTC could easily go under $100.
The real issues I have with BTC/cryptocurrency is:
1) Mining it consumes more energy than Ireland (all the Worlds miners), making BTC a hideously "dirty" asset.
2) It's not really a "currency" to the vast majority involved with it. It is a pure speculative asset, NOT a currency. What currency goes up 2,000,000% in 10 yrs?
3) The ledger NEVER gets smaller! The only way to make it get smaller is some sort of sharding/forking mechanism, which doesn't seem to have been worked out.
Anyway, I think BTC has definite value (like Internet stocks in 2000 had value) but the market WILDLY overshot what that value was, and BTC is bound to return to Earth, probably occuring for years, and probably to a value that is the inverse of its gains over the past 10 years, or 20,000 fold. (1/20,000th of $20,000? $1 someday?)
I remember when I invested in Bitcoin when it was at $300ish and it dropped to $80 and everyone said it had crashed and was dead. Very funny.
"If people react; when you criticize their investment, if they get mad, they're gambling" - Warren Buffett
Maybe he caused it ha ha
Bitcoin never made sense to me. It's supposed to be like new currency that's meant to replace our current currency. But you can only get it by spending existing currency (USD ect), meaning that it's backed by our standing form of money. If everyone pulls their cash out, I would assume a Bitcoin would be worthless then. I believe most of Bitcoin investors are just that, an investor trying to make money. Not necessarily someone who understands what it is through and through. I've asked everyone I know that's into Bitcoin. When I ask them what is it exactly, most of them say "it's online money that everyone's buying so they're jumping in to to make some extra cash." The rest knew a little but not much either. What exactly are you buying? Digital currency backed by existing cash? If so why not just use Paypal, you use your cash as digital currency, no? Paypal just doesn't convert it to Paypal coins and have you selling it back and forth to eachother. They just keep it the same. You deposit $1000 cash and now you have $1000 value in digital currency. I don't know, maybe one day it'll make sense to me but today it sure doesn't.
do u know what blockchain technology is? if you understand blockchain, you’ll understand its more than just digital cash
@@lifes40123 Blockchain is just a form of data transfer and storage. It's still leaves bitcion as digital currency backed be our existing currency. What makes bitcoin valuable? Why do ppl what to own an imaginary coin? I don't get it, lol. Blockchain is good for what it is but it doesn't change what a bitcoin is. I'll keep reading around but I haven't found anyone that can tell me exactly why people want it so bad when Paypal, ect can also convert your cash to digital currency without risk of losing it in a crash. I only see it's value through darkweb purchases for illegal stuff.
All valid points. The things that come to mind for why I think bitcoin is important:
- inflation of currency (dollars, euros, etc.)
- decentralized operation
- digital
In regards to inflation, fiat currencies by design inflate over time. So ultimately, a dollar that you have this year will buy less stuff the year after that. And so on and so forth. Just look at chart of US dollar value over time. During different periods of time, inflation can fluctuate. In this case, something like gold (or bitcoin) is a hedge against that inflation. Gold gets produced at a slow amount each year (literally because nature dictates that). bitcoins inflation is deterministic (look into bitcoin halvings). Furthermore, there’s a capped amount of bitcoin that will ever exist. You cannot say the same about any fiat currency.
In regards to decentralization, many bitcoin miners in different countries ensure that the bitcoin blockchain is secure and transactions are valid. No one country owns it, and no one country can shut it down... or dictate how many bitcoins can be created. You cannot say the same about fiat currency.
Now the last thing is digital. If you agree with/see the value of the two statements above, then you’ll see why people think bitcoin is valuable. If we expand off of that assumption, then:
- being able to send large amounts of that currency to other parties, doesn’t require sending massive amounts of physical matter around the globe.
- The cost of sending becomes the cost of a transaction (e.g. electricity used by computers to send info over internet)
- we no longer need a bank to verify the transaction
- to me this is similar to the notion of CDs/tapes -> streaming, or physical mail -> email
This year is a perfect example of how a central government can essentially print currency with no bounds. I’m not one of those who’s against government, but ultimately if I leave dollars in my bank account, they’ll naturally erode over time. Owning assets (real estate, stocks, commodities, crypto) are just different ways to gain value. But to me bitcoin fundamentally has the potential to be as powerful as the internet. So I’m my opinion, it’s almost risky to not have 1% of your portfolio in this asset class. But yea, no one knows for sure what the future holds. Do your own research, and make your own financial decisions 👌
Thanks for watching.
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Her Whats@pp
+ 1 .. 4 ...2 ...5.. 2.. 4... 7.. 1... 3.. 3.. 4.....
I would like to see Michael Saylor sit down with Buffett for a debate on bitcoin’s value
😃 yes plz
Let me explain to you ok. Bitcoins value isn’t all made up. Actually most of bitcoins value is intrinsic. Becuase u use real world computing to mine it. U use real world investments to update it. When u are I’ll-informed about a subject u shouldn’t be spreading on it
@@vlonebandit3359 You might want to refresh your understanding of the word "intrinsic".
I'll help you out, though: the intrinsic value of all cryptocurrencies is currently and will always be precisely zero.
@@ThisHandleFeatureIsStupid no. If someone buys a crypto it now has value. Intrinsicness comes from the mining, the storage of said cryptocurrency.
@@vlonebandit3359 No, man.
For there to be any intrinsic value, there must be an underlying asset somewhere. Price movement does not = an asset. Basically, the only part of normal analysis that can be applied to crypto are perceptual factors. Nothing fundamental exists, which was my original point.
I'm genuinely trying to help out politely, but you aren't making it easy. With all due respect, this is some *really* basic stuff. It's perfectly fine not to know it, but it's also pretty stubborn to argue from such a position.
Just...nevermind me for now.
Just research quietly and there will be no need for kneejerk reactions of embarrassment, or anything silly like that. It would probably take you less than two weeks at full-time hours to get a solid grip on what elements of value analysis can or can't be applied to crypto.
He is the most powerful person in the world, Third majority stakeholder of Apple, Multi-billionaire, Person who predict almost all market crash, his company have $811B in assets and people said that he didn't understand Technology(Cryptocurrency) Seriously
That's how arrogant these 17 years old are. Truly a generation beyond salvation.
If you buy a farm....his classic example🥰
Did he say beginner friendly???... I'm still very confused about this bitcoin investment of a thing. Anyone please explain
Lol I can relate, years back this bitcoin investment sounds like mathematics to me...
Every week new supplies of newbies are needed to sit with us and tell us when to trade.. in less than a week they quit from frustrations... Hahaha🤪🤪
It's all 'bout risk management . You can have a winning strategies and still wipe your account out
Good trader risk 1% on every trade and also 3% to month-to-month is a good risk. But with an expert bot. You can make an stimulus plan on risk management making 89% of profit weekly
Nice strategy . Can't wait to try it out. But damn holding a trade for months? That right there is patience
Value of bitcoin is in decentralization. You can send money to anyone across the border without any restrictions at very cheap price. Value of bitcoin is in impregnability of the network. 0 transactions in past 12 years is faulty. It is security against currency debasement and wealth confiscation. It is an amazing technology. If you don’t get it you don’t get it. It will have multi trillion dollar market cap soon.
The only reason crypto currency isn’t criminalized is because the big players make a bank off of small retail investors by manipulating it freely without any consequences
Bots
Warren Buffet is such a pragmatic person. I love his views!
who's watching this while bitcoin just passed 40k??
so what. Its still the same thing. Its a pyramid scheme
57k now boys! companies and hedge funds buying in... crypto haters can stay mad
@@Slenderman63323 and it will collapse
A man of wisdom. It will do me well to think deeply about what he has said.
It’s funny because bitcoin had blow pass the valuation of Brookshire Hathaway
Bitcoin is the biggest scam in history, hands down.
Wtf are you talking about 365 thousand
@@inwalters can you elaborate, actually interested
@@michaelatkinson1949 Bitcoin (as I understand it) is just pure fiat currency. It has absolutely nothing to back it up. Even US currency has ultimately some gold and federal lands to back it up, bitcoin has nothing.
@@inwalters If USD move 2% in a day would be a global news but Bitcoin even move 10-30% in a day
When people get very upset and try extremely hard to get more people into buying it, that's a huge red flag for me.
@@OneWayTicketwithScottAnthony I take it you're also watching it crash right now.
Digital currency is the future of money
@@keennanvisga4133 I'm sure it will be eventually. But right now its a scam. The fact that anyone can simply create a digital currency with zero actual value makes no logical sense at all. Nobody currently uses it for day to day purchases because its far too volatile. People are only interested in it for investment purposes. While I do see a future in it, it has to be done right. This is like investing all your money into MySpace before Facebook arrives.
We dont care if you miss the boat. Bitcoin at 22.5k right now
@@onemore7108 the fact you took the time to reply means you do care, otherwise you wouldn't bother replying. Bitcoin has no value, its a digital currency barely anyone accepts that only works if people get hooked on the hype. Bitcoin is the ultimate pyramid scheme, without new suckers buying into it the whole thing would collapse.
Warren Buffett is one of the greatest investors of all time. He invests. He does not trade and he doesn’t speculate. Cryptocurrency involves a lot of speculation as to what price people will be willing to pay for it in the future. That’s not his game. Personally, I think cryptocurrency is a decent enough asset class to diversify your portfolio. And as for trading, well I think it’s just as good as any other instrument. But regardless of how high people expect it to rise, your portfolio should never be to focused in a volatile and unpredictable asset like crypto. For the average person dollar cost averaging into an index fund should be good enough.
Yes, this is my biggest problem with Buffet. He talks down towards different forms of trading simply because he doesn't understand it. It's not his game. He's like a carpenter critiquing blacksmithing. And speaks in a way as if everyone should just be a carpenter as it's the only way to success. But the man has zero arguments when he is asked about James Simons and his success. I don't get why people listen to Buffet when they look for advice on speculating, the man is clearly biased against it.
Nope. I disagree with everything you’ve said. Your letting other people’s opinions guide your views when in reality. U don’t even know what cryptocurrency is. And u don’t know how bitcoin works. I hate people like u. People who comment on something they know nothing about and just take the opinions of others
@First name Last name Market regulation by both exchanges and governments are biased against speculation. Because for some reason these people need to be protected against themselves and banks aren't allowed to fail.
@First name Last name A controlled market is not an organic market. Speculation works based on studying naturally occurring patterns in what is essentially mass psychology.
Nobody claims it is a perfect science which will guarantee you profit. I'm not saying all regulations disrupt this, specifically the ones designed to stop or severely limit speculation. Those that stop naturally occurring patterns from happening. Like a bank that is supposed to fail in a free market which is saved by magic money from the government in a controlled market.
Or the many regulations which exist that are supposed to "safeguard" speculators against themselves, massively raising the barrier to entry in the market.
Explaining is difficult for me, English is not my first language.
@@vlonebandit3359 are you a millionaire after investing in bitcoin? 🤡
Gold does have some intrinsic usefulness besides being shiny. A lot of physical and chemical applications of gold.
... I understand fully what he's saying: the excitement is driving the price, at the end of the day, it produces nothing ...
what produces the dollar ?
LONE WOLF becareful what u ask u know there are die hard fans of greenbacks lol
LONE WOLF the fed
Nothing, which ofc is why he's investing in stocks.........
Dollar is backed by gold and countries assets
The productivity of the American taxpayer.
4:55 - Becky Quick is fearless. I love that.
shes pretty
@@jso19801980 big time
It is sad to see people ignoring advice from one of our times greatest investment gurus, simply because they want to believe the hype. Whether or not the hype ends up being real, don't cast off important information just because it doesn't fit your endgame.
I think a lot of the people who are ignoring this advice is because we can clearly see that he doesn’t actually understand how crypto currencies work. He seems to think that anything that doesn’t create a return like a stock does, is just a gamble. There is immense value in systems that provide economic identity to people who currently don’t have it (cardano), and the fact that he doesn’t see that simply means that he hasn’t taken the time to fully look into how these systems actually work. Not everything this guy says is intelligent, he’s been wrong about plenty of things in the past.
@@laine3396 LOL at using cardano right now to defend crypto
@@jack9295 whats wrong with cardano?
@@laine3396 People against Cardano currently make the exact argument Buffet does against crypto, that it has no current purpose and is purely speculation, lol. I can understand why some people don't trust Cardano's goals, and their ability to achieve them, but I can't comprehend any of these arrogant moron's like Jack who scoff at it the same exact way that the majority of the world scoffs at the entire crypto market...
with bitcoin the governement cant tax me i think this is really good
I dunno old man, just 3xed on cardano in a month
bitcoiners upset at buffett lmfao. Priceless
Trumble Research sorry I meant Bitconner
Where's your hair bro
Thrills oh no I'm mad now. But not as mad as I would be had I invested into tulips. Lol
saveround how’s your farm doing?
saveround bit coin is still higher than anything else was a yr ago, having said that Japan and China has totally bypassed debit and credit cards using cryptos so I guess if you want to laugh at that go ahead but there are people trading goods and energy for crypto currencies oh and why did buffet not mention that they are opening up a trading section for bit coin, gee I wonder if this interview was so that they can try to keep the price down long enough to buy in. Just last week the price was up over 1k dollars every time it starts it move up these clowns take time away from the circus to bash it. Goldman Sachs has also announced that they will be trading bit coin in 2018.
Do not listen to what they say but watch what they do
Sooo many butthurts.. lmao
I guess your butt was recovered after this
Not as well as the .10 buyers. What’s your point? Timing?
😂
/ MONELOGUE it’s a cult
@fane babanu 180k
@fane babanu fine if they kept dollar cost averaging. Lol
This hit different 2 years later
I can close my eyes and I can imagine a cartoon character with his voice lol
Lotso from Toy Story 3
Well, $BTC is $40,000 per.
Look up the tulip mania. Just because something is priced high doesn't mean it deserves that price.
Only inexperienced investors look at price. It's about use case.
@@jonathonw5968 So? On which planet did use cases of bitcoin go down? Not the one I'm living on.
@@ihurtyourbrain3685 What is the use case? Maybe a store of value, what else tho. That's what gold and silver is for and it's way cheaper. A 40,000 bitcoin does nothing for the average investor. The ROI isn’t there.
@KA dont know man its steadily growing and every time it crashes its goes beyond the previous all time high
Warren Buffett has 84 billion reasons to stir doubt in Bitcoin
Kyle F. Rx people at the very top never want change
You clearly don't understand him if you think he would react negatively to a good investment
You do realize that Buffett doesn't sit on 84 billion dollars right? (I am assuming we are talking about his stake in Berkshire etc). The valuation of his stock is in dollars, but it could be denominated in anything, rupees whatever. The real value is in the companies and their assets. (And I will assume you meant the stock since the number was very specific and since Berkshires cash reserves is much higher than that and has been for the last 6 months).
Thats funny because satoshi essentially created a ecosystem a community networth of over 800b at one point. Everything cryptocurrency/blockchain is the culmination of his work.
I'm not sure who you are responding to Wopper? Me? I have to assume it is, since otherwise it wouldn't have popped up for me (I only get direct responses on my comments). I'm not sure how your comment is releveant to mine.
This aged well :))))
I come here and I read real comments. I get on pro-bitcoin videos and see thousands of bot comments, all 100% upvoted. Makes me feel dirty.
Literally 95% of these comments are bots, what are you talking about??
“Breaking news” seems like a stretch.
I don’t know a lot about Bitcoin but from what I’ve learned it seems like the value it creates is that it solves a (potential) problem regarding mistrust in the financial policies of governments and currency devaluation. Like gold, it serves as a potential safe haven for assets so even though it doesn’t produce anything there’s still value from the problems it claims to solve. But until those expected problems become more apparent and becomes widely accepted enough by corporations, it seems like speculation to me.
Bitcoin is actually pretty simple, you don't have to be a computer programmer to understand it.
(Remember that you don't have to buy bitcoins in individual units, you can buy 0.5 bitcoins, 0.01 bitcoins, etc...)
Bitcoin's main point is that unlike the US currency, it is DECENTRALIZED. Decentralization is simply the EARTH of Bitcoin... And so is the fact that it CANNOT INFLATE!
I know what you're thinking, "but the price of bitcoin inflates and deflates every second, are you stupid?" And that's a good question. The reason why it still inflates is because it hasn't reached its maximum supply yet: also called the supply cap. The supply cap is 21 million bitcoins. Once we reach that, not one more bitcoin will be mined. This means it would not experience any inflation due to switches in supply, only in demand; being less volatile.
Bitcoin also removes the middlemen that the US dollar has, being the bank. The bank puts fees to merchants, which artificially raises the prices of goods and services. Bitcoin does not need any of those fees, which helps decrease prices. Bitcoin achieves this by, instead of verifying transactions through a central authority, it uses a network of decentralized computers that voluntarily installed the software in order to check Bitcoin transactions. Each transaction is called a "block", and the blockchain is all of these blocks one after the other, like a chain! And it's UNHACKABLE, because you have no time to hack the blockchain before transactions are completed.
In order to prevent people from overwhelming the network, there are things such as: fees, transaction waiting time, and encryption. Encryptions are cracked by the computers, being what bitcoin miners do. They are rewarded with bitcoins (being where the fees go).
Recently Bitcoin crashed because of several reasons, but it's gonna have another bullrun in a few years (as it always did, because it crashed in the following years [these are just a few examples]: {...}, 2013, 2017, 2020). I'm not saying that you should put your savings into it, I'm saying you should invest SOME of your money into it as a future very long term investment.
I'm personally investing in Bitcoin in early 2022, because right now bitcoin is still decreasing and I'd rather buy more bitcoins at a lower price, and it'll "crab" from 2022 to possibly 2023 or 2024 because another bullrun comes.
@@bruhbruh1993 I'm sorry but bitcoin and crypoto's biggest advantage is actually its disadvantage. Being decentralised means it's value will actually keep fluctuating forever. It's never gonna reach a point of stability. Real like currency being centralised means that it can actually be regulated and people use it because they are confident in its long term value and stability.
I know the intention was to replace currency, but I think it has already failed. Bitcoin is only popular now because the price keeps rising. Once the last of bitcoin is mined, it will lose it's value as an investment and fade into obscurity.
@@truegamer_007
1. Bitcoin hasn't reached its supply cap yet, this is why it is hyper volatile.
2. Bitcoin does not "always go up", it has a bullrun every 3 to 4 years, then crashes and then crabs for the time in between with very little difference. Bitcoin is only useful to make money off of during bullruns, but a very good currency before and after bullruns.
3. US dollar is very overrated, it being centrally controlled means that the controllers can print as much as they want creating inflation in the process. The real inflation rate is over 5%, because CPI only calculates 33% of inflation. Therefore, the US dollar relies on infinit demand. We printed 40% of all US dollars in 2020, we're still experiencing inflation.
4. There are MULTIPLE cryptocurrencies, hundreds of thousands even. 95% of them are scams, but among those who aren't, some are called "stablecoins", and they are basically just as stable as the US dollar. New ones are born every day.
5. US dollar does not include smart contracts, storage units, no way to contribute to the US dollar network to gain profits *since there are none* , and it relies on trust in the government, which is unsustainable. Meanwhile, cryptocurrencies like Bitcoin relies on trust in the blockchain; of which cannot be hacked.
(Most of) Crypto > fiat
@@bruhbruh1993 1. So wait till 2140? Really?
2. A currency that periodically becomes usuable is impractical.
3. Never specified US dollar. US govt is one of the worst culprits when it comes to regulating the banks. That's why crashes like the 2008 crisis happen. Countries with more regulation and tighter control on banks and currency are better.
4. Unless everyone rallies around a particular one or someone comes up with a way to integrate all of them together, not viable for everyday use. Why? Cause money needs simplicity and stability, multiple choices just create confusion.
5. You and me understand blockchain and trust it (probably you more than me, since I don't trust it 100%) but that's not true for most people. A lot of people investing in bitcoin don't even understand how it works. You can argue people will learn, but most people don't even know how their smartphones work. Something that we use all day.
And about trust in govt, depends on which govt and currency you talk about. I'm not an American, can't speak for US govt. But I can say that if you can't trust your govt to keep the economy and currency stable, you have bigger problems to worry about.
@@truegamer_007
The amount of bitcoins made decreases over time, which means that eventually so little bitcoins are made per year that it doesn't affect the supply at all. We don't need to wait for 2140 for this to be apparent. The US dollar also has cycles, except that this time it never goes up; only down. We have an average annual inlflation rate of over 5% with the US dollar, not 2%, because CPI only tracks 33% of inflation. Then, every now and then, the FED just prints tons of dollars in one year due to a recesson causing the US dollar to go down massively. For example, the US dollar has recently gone down 5.3% every month for 5 consecutive months.
Don't tell me also that holding bitcoins is better than spending them, because that's very logically fallacious. If I were to spend 1000$ worth of Bitcoins, most people would think I'd be a fool for not just holding it until it 10x. But if I were to spend 1000$ plain cash, people would think that's OK... This makes no sense, because on the ladder spending, I could of also just bought 1000$ worth of bitcoins and held through. Therefore, there's no need to worry about future price fluctuations.
Also you can't trust any central entity to take care of the economy, it is impossible to take in all of the factors to do the right thing in the economy AND trust them to never be corrupt. What do you think caused the housing crisis? The FED is decreasing interest rates for mortgages to the point of overborrowing and overconsumption of real estate, causing a bubble that will never end until we increase interest rates, this also includes for planning laws that make it harder to make any homes. ALL fiat currencies depend on trust of the government, not just the USD.
Bitcoin is not the only cryptocurrency, there are thousands more. Each of them with different purposes. You know that the Blockchain can be used for more than just storing transactions, right? It can store other forms of data, smart contracts, of which these smart contracts can include transactions, votes, etc....
You don't need to understand every aspect of Bitcoin or any other cryptocurrency, because obviously you don't need to know how the US dollar is printed, what it is made of, and why it's made like that in order to use it.
Rightly said by honorable Warren Buffett sir before making an investment go through the fundamentals because when you ++a stock you are making investments in company business and the asset must be productive not speculative.
Despite the market crash, I want to thank you for the level-headed financial advice. I started stock and crypto investment with $6,345 and since following you for few weeks now, I've gotten $65,539 in my portfolio Thanks so much Mrs. Whitney Jones
Bitcoin is the future, investing in it will be the wisest thing to do especially with the current market value
I'm thinking of investing in the crypto market, but I'm taking my time to understand how it really works
venturing into Bitcoin trade without an adequate orientation from a professional broker for an accurate signals, you might lose all your hard-earned money.
That's true, most people today have been experiencing a lot of failures in the forex and crypto sector because of poor orientation and bad experts.
the best way to invest in cryptocurrency is trading with a professional who understands the market quite well, that way maximum profit is guaranteed
In other news, let's ask taxi drivers if they like Über.
Let's ask Uber drivers themselves what they would prefer to be.
Aristos B_3 his point went completely over your head
👏🏼
👍
My success story started the day I met Coreytradings on instagram who taught me how binary options operates, at first I thought all hope is gone but I'm happy today because for the first time in my life I have been able to make several withdrawal on this investment and this can only possible with a reliable manager, Coreytradings on instagram has helped so many traders who lost their profits and these set of traders are singing songs of praises to him, I'm glad to be among them and you too can be one,
he is comparing bitcoin with a farm instead of comparing it with money
Mohamed Fouad cuz farm is a crappy investment..
Cause he is a smart bourgeois
You’re an idiot as well as the 15 who gave likes.
Technically, like farms, all forms of currencies are assets. So hes not wrong.
The reporter ask him about "Bitcoin as an investment" in that, yes... You can copare investing in Bitcoin, Farms or Gold.
Cryptocurrency/bitcoin trading is the best profitable bussiness. you can make huge profits just shot period of time, when you invest a certain amount in bitcoin you make so much profit....
Most times I have knowledge or insight about a particular exercise. I can boldly say forex and crypto trading is one of the profitable money exchange...
It is estimated that over 40,000 and 300,000 people have made a massive one million dollars in bitcoin depending on the type of broker involved, for every investment to yield earnings a professional.
As a bitcoin trader it's most inevitable that you're going to experience some set ups and downs along the way, alertness and decisiveness are both fundamental ingredients....
Speaking of bitcoin trading, it's the most business in the world right now, I know a couple of friends who makes a whole alot of money trading in financial market.
Cryptocurrency/bitcoin trading is a way to force your money to make More money for you.
We went from trading gold, to trading a representation of gold (paper money) to printing money out of thin air, to trade money that will exist in the future: credit and debt; the next logical step is to create a virtual currency.
Not we , we the government. There’s a difference.
Currency is already virtual m9…
he says nothing wrong. in the meantime I hodl
You can’t discount what Warren has to say . If you do , you don’t belong
In the market.
Wow, TG DAO Ecosystem indeed groups are a unique tool for bringing people together. I was pleased that smart contracts accept incoming group decision information. It is all through the Oracle, can you imagine?
Thank you.
I will say the same things if in my wallet i've got a lot of banks and financial assets
" *CHARLIE BIT MY FINGER AGAIN* " Warren said!
Never knew bitcoin trade could be so challenging! Kept running back to these RUclips videos to learn more about this your video is indeed helpful. Thanks
.Sadly these are one of the changes in trade profit is not always assured..
Growing an account requires dedication and Patience
@@brandonhussain4258 .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.
@George Potter .Demo account are risk free
Bitcoin has left me no choice but to keep investing because it makes so much profit for me.
What does a share in Berkshire Hathaway produce that 1 bitcoin doesn’t ? They both earn you gains as it appreciates in value… but in the end in both situations someone has to end up holding the bag 💼
If over 500% gain on your money is a turd, I love turds!!!!
Watch out for trade bots in the comments, scammers
What is trade bots?
Is coinbase reliable?
@@bluevalley82 they're fake accounts that will say something like "Ive made (insert high amount of money) through investing with so and so" Its a scam.
@@bluevalley82 also about coinbase, from the things ive heard it is legit, but be careful. Crypto currency is very unstable and like warren says in the video "its an asset that creates nothing"
@@twitch4836 thank you!
I love his "Dutch Tulip" analogy! I couldn't agree more!
well Warren the same could be said of your cash holdings which are substantial that's speculation also because your speculating on the idea that you may be able to buy assets cheaper or undervalued as you like to do and right dollars aren't undervalued if they were interest rates would shoot up sending your assets plummeting and then you could make good use of your cash. So everyone speculates.....everyone.
I need to watch these videos to feel better about selling my btc for 3k last year 😂😭
Not too late to invest now. Bitcoin is still young. Maybe a baby consider the history of fiat money.
@@bluevalley82 I'd rather go to the casino to put 30k on green and cross my fingers
@@bluevalley82
Bitcoin is a whale game.
Those whale come, invest, push the price up, peoples got crazy on it and put their money on it so the price go higher and higher. When it’s high enough those Whale gonna take profit and everything gonna crash just like what happen in 2017.
This time Bitcoin maybe go up to 100k. And then the fun will begin 🤣
@@assholepencil3329 I totally agree with you. rather working hard to earn money.
@@assholepencil3329 Can't disagree to you! To much advertisements to invest in crypto are popping up everywhere, on the streets, billboards, newspapers, television, radio, social media. It's all a sick dirty game
My bitcoin turned into rabbits. Expecting to see more rabbits over the next coming years.
My bit coin turned into 60K😂😂
@@rowancaffrey7041 and now?
The government, by its nature, tends to print more papers when poverty increases and jobs are reduced to silence the citizen, especially in third world countries where poverty increases day by day.
The problem of centralization is an old problem that economists have been thinking about for a long time and many people have discussed it without finding solutions, but digital currencies that I consider came as a blessing from God so that the government thinks about solving unemployment honestly
And I don't want the true value of my effort, which broke my back, to be controlled by the government, and the value of my work changes according to someone in the government who decides the fate of the nation.
The value must remain constant
So I put everything I have in buying cryptocurrencies, even if I lose everything, I consider my loss for a noble goal and I will never regret because this is the right thing.
REALITY! I’ll second that statement Warren. 💯
Didn’t Buffet trash the internet and later social giant Facebook IPO? He’s ready to be put out to pasture on that farm of his, much respect to the old guard..
"the times they are a chang'n.....................
Mr buffet you so much experience in what you do and know it's very great to see you pass along the tricks of the trade
He's looking at it like a stock. It's a way to store your money and the more people buy into it, the more it's worth. But it's not a stock and never attempted to pretend to be a stock
in that sense, it becomes some kind of a a pyramid where the first one in gets to be the happy one.
So is money though. We are the ones who put value in it.