Warren Buffet shits on the all cryptocurrencies

[Anonymous No.6273836]

Warren Buffet just shitted hard on the all cryptocurrencies

This and the South Korea banning crypto news may impact the market for a long time,

what do you guys think?

[Anonymous No.6273912]

Who cares about Cuckett, he has been wrong since the beginning

[Anonymous No.6273923]

Shaking off all the new Christmas money, be fine.

[Anonymous No.6273932]

post the link retard

[Anonymous No.6273936]

>>6273836
>shits on the all cryptocurrencies
>shitted

at least he has a toilet to shit in lmao begone pajeet

[Anonymous No.6273961]

>>6273836
I check blockfolio no my blockfolio phone probably twice a month so it won't affect me whatsoever and i probably won't notice that any correction has happened

Although you have just made me refresh blockfolio so now i only have one refresh left for the rest of january

[Anonymous No.6273984]

Less normies and less greedy sacks of shit. Crypto can finally be USED not just held by a bunch of queers. Im fine with this

[Anonymous No.6273992]

This is the news, pushed on by CNBC, Yahoo, Bloomberg and some other large shitty television channels

https://finance.yahoo.com/news/buffett-cryptocurrencies-apos-almost-certainty-134855504.html

[Anonymous No.6273993]

>>6273836
the Korea news r fake, Buffet is just old, we'll all make it

[Anonymous No.6274009]

>>6273836
>This and the South Korea banning crypto news may impact the market for a long time,
you do realize that the SK news was FUD and proven false... r-r-right anon?

[Anonymous No.6274063]

> Why in the world should I take a long or short position in something I don’t know anything about.

[Anonymous No.6274064]

>>6273836
it will impact the market for about half a day

[Anonymous No.6274080]

>>6274009
I literally just heard it on NPR

[Anonymous No.6274090]

>"I get into enough trouble with things I think I know something about," he added. "Why in the world should I take a long or short position in something I don't know anything about."

[Anonymous No.6274114]

Warren Buffet will die in 2018, who cares what he says

[Anonymous No.6274123]

>>6273836
Old news

[Anonymous No.6274131]

I am sure that we will make it, but if I sell now ETH at near ATH at 1180 $, and rebuy it next month at maybe 600 $ - 800 $ , I feel much safer

[Anonymous No.6274188]

>>6273992
>"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth."
kek, savage & based old man.

[Anonymous No.6274217]

>>6273936

[Anonymous No.6274226]

Buffet only invests in technology he understands and that's what makes him one of the greatest investors of all time. He backs projects he knows work and have a gap in the market

The dude is trapped in his mentality though, he didn't invest in any information age era company until 2016. It'll still be a while before blockchain tech has enough of a public impact for ol fuddy duddies like him to back wisely

No hate on buffet either the dude makes researched decisions he believes in which is more than can be said for all the fomoing shits here

[Anonymous No.6274282]

the South Korea news I read it on Reuters, CNBC and few other major financial websites.

Can you guarantee that despite everything, South Korea will NOT ban crptocurrencies?

[Anonymous No.6274299]

>>6273836
>shitted hard on the all cryptocurrencies

if your english is this poor, then dont post. also you probably need to take a shower.

[Anonymous No.6274332]

>>6273992
from the article
>I would never short a dime's worth
~Warren Buffet
>I get in enough trouble shorting things I know something about. Why would I short something I know nothing about?
~Charlie Munger
>OMG GUYS BUFFET TOTALLY SHAT ON CRYPTOCURRENCIES BITCOIN ETERNALLY BTFO XD XD
~totally (((unbiased reporter))) with no agenda whatsoever

Buffet has always been against countercyclicals and holding currency. His empire is structured so that he will barely be affected when people stop buying from his jets in USD and start buying them in XMR.

Based Buffet may not think much of crypto, but he taught me to HODL

[Anonymous No.6274339]

>>6273836

>says he doesn't understand it well enough
>says he wouldn't short it
>invested in mySpace just before it got buttraped

yea idk why we should listen to anything he says

[Anonymous No.6274388]

I am actually serious, can anyone guarantee me that a is not banning all cryptocurrencies?

The minister of Finance went on Live TV and promised this in front of all South Korea, so how can you be sure that we'll not have the same crash like with the China FUD back in the fuckin summer?

[Anonymous No.6274409]

>>6274226
Buffet invest in things that have government protection, like goldman sachs preferred stock and oil trains that had their pipeline competitor blocked by government.

[Anonymous No.6274422]

>>6274339
cause he's the most successful investor of all time

[Anonymous No.6274434]

>>6273836
Where in the usa can I do pic related?

[Anonymous No.6274451]

>>6273836
hes right to some extent, 99% of cryptos will end in either a final crash or a slow bleed.

[Anonymous No.6274495]

Everyone is rushing to create their own crypto currency which flood the ballet with coins of various types. There is a relatively fixed supply of money supporting these currencies, so the end result will be coin prices greased to $0.

[Anonymous No.6274513]

>>6274422
doesn't take a fucking genius to realize it's a bubble and the risks are high
every retard on this board knows it

[Anonymous No.6274522]

>>6274451

between 95% and 99% of cryptos are overinflated scamcoins and shitcoins,

Taking my profits out now near ATH seems like the most reasonable and rational thing to do

[Anonymous No.6274528]

>>6274131
brrap

[Anonymous No.6274632]

what the fack does bbrap even means?

[Anonymous No.6274686]

is there another thread about the South Korea banning?

Still noone offered any guarantees about this really being "fakenews"

Come on guys, why all the sources indicate an imminent ban in South Koorea on all cryptocurrencies?

[Anonymous No.6274721]

>>6273836
Didn't he say the same thing about tech companies a decade ago?

He's right, like all markets, there will be ups and downs, but the technology is not going anywhere.

[Anonymous No.6274811]

>>6273836

Nobody cares what some old alzheimers man thinks

[Anonymous No.6274896]

Yep, true, Warren Buffet also said the same before the dot com bubble.

99% of the internet companies from 2000 died in the dot com bubble

and few who survived, lost 95% of their value.

Before crash, Amazon was trading at 110 $. After dot come bubble crash Amazon went down to 4$.

[Anonymous No.6274949]

>implying Warren Buffett understands crypto
he understands stocks, crypto isn't stocks

[Anonymous No.6275068]

>>6274896
and now AMZN is trading at over 1000 USD

His vague claim that it will have a "bad end", seems to suggest something finite. Which in turn suggests he does not know what he is talking about.

Unless he means the market will have ups and downs and even crashes, which is just a truism that applies to every market.

[Anonymous No.6275075]

but all of us we are doing trading , and speculating them exactly like they would be trading stocks.

the same technical analysis , the same platforms of trading.

we are all in for speculation and price increases, and at some point, there is just no way up anymore

look at the fucking dentacoin ! Billions of market cap for a shitty website that has no product, and a bag of bulgarian scammers ... like this is shit... how did they get to Billions of market cap ? these scammers?

[Anonymous No.6275119]

>>6273936

[Anonymous No.6275150]

in 2000 after the dot com bubble crashed, AMAZON went down from 110 $ to 4 $.

It took 15 years for AMAZON to start growing significantly again.

Do you faggots have 14 years of your lives to spare, ?

HODL is the dfinition of idiocy in times of crashing collapsing markets

[Anonymous No.6275183]

>>6275075
>dumb scams only appear in crypto

[Anonymous No.6275192]

>>6275150
do you know how fast 15 years is in crypto time?
that's like a year to 2 years MAX

[Anonymous No.6275255]

>>6274434
Scotland, KY

[Anonymous No.6275263]

yeah I bet your ass off that proved scams like DENTACOIN or BNTY will totally and really totally be worth 1000$ sometimes in the 2 year future yeah right ... normies!

[Anonymous No.6275272]

>>6275068
Its 18 years from the bubble

[Anonymous No.6275293]

Don't ever listen to Boomers.
It's our time now.

[Anonymous No.6275325]

>>6273836
https://twitter.com/iamjosephyoung/status/951428854085689344

Regarding the Korea news

[Anonymous No.6275351]

>>6273836
NEWFAG
E
W
F
A
G

[Anonymous No.6275358]

>>6275293
Buffett isn't a boomer, he's from the Silent Generation

[Anonymous No.6275371]

>you will never wake up from sleeping in a tent naked in a beautiful mountain area at 10 am with a pale white married-virgin wife which takes care of your children and household which you went backpacking with

why bother

OP's image hurts so much, I will never have that. All women are whores not loyal and out there to steal your money. They probably rode all Chad cock they could get before willing to settle down with a beta provider. Money can buy you sex but not real compassionate love.

[Anonymous No.6275375]

>>6274080
Hello there I’m Alan Dreidelberg with planet money, I’ll be rambling about crypto with jazz playing softly in the background, so you know I’m legit

[Anonymous No.6275389]

except that you posted an old tweet that has been debunked in the meantime.

[Anonymous No.6275428]

>>6274409
Lmao fuck this old geezer

[Anonymous No.6275432]

>>6275192
>crypto time

[Anonymous No.6275433]

>>6275255
That doesn’t seem to be a real place.....I guess you are joking?

[Anonymous No.6275438]

>>6274080
>I literally just heard it on NPR

[Anonymous No.6275471]

>>6275428
warren buffet will influence though all the big investors and large capital companies, who will not invest in the crypto if they all think now that it is a bursting bubble

[Anonymous No.6275483]

>>6275192
Not to mention he is exaggerating. AMZN returned to 60% of its ATH within 2 years.

[Anonymous No.6275526]

>>6275389
>tattoo
Id rather fuck a pajeet than a degenerate

[Anonymous No.6275553]

But 99% of the internet companies from the dotcom bubble NEVER recovered and died out.

See pets.com and hundreds others

Amazon was maybe the only one who recovered.

Let's say Amazon is the EThereum now, all will crash, and only ETH will recover in 3-4 years from now

[Anonymous No.6275559]

>>6275432
Its like dog years, except we die first

[Anonymous No.6275593]

>>6275526
> every tattoo is degenerate

[Anonymous No.6275626]

>>6275471
lol no he won't. Every few days at least CNBC has another hedge fund manager or simmilar guy on who's had a big position for years and all of them say they're "looking at" other currencies. Nobody with real money has taken Buffett seriously when it comes to anything tech related for more than a decade now.

[Anonymous No.6275630]

>>6275553
>48 percent of dot-com companies founded since 1996 were still around in late 2004, more than four years after the Nasdaq’s peak in March 2000.

http://www.nytimes.com/2008/11/23/business/23proto.html

[Anonymous No.6275639]

>>6275389
>>6275553

I swear biz is getting better and better taste with women. Truly patrician shit here

[Anonymous No.6275656]

btw lads if the market does fully go to shit, i mean every post is a redwojak for hours straight do you go full cashout or tether up?
whats to stop tether from crashing with the market even though its 'pegged' to the USD?

[Anonymous No.6275675]

>>6275639
(Minus the tat)

[Anonymous No.6275676]

>>6274632
>anons post girl butts to attract attention to their shit topics
>other anons make elaborate scat roleplay to reverse the effect
brapp is supposed to be the sound of that smelly shit fart
almost as disgusting as a stinky linky

[Anonymous No.6275682]

S.Koreans Gov is NOT banning Cryptocurrencies. Ministry of Justice and Ministry of Finance are saying exact opposite opinions. It seems like they are confused, but for now, Gov is not going to ban coins. Trust me, I am fucking korean

[Anonymous No.6275702]

>>6275656
I dont mean a temporary bear market or correction of 10% I mean like Bitcoin and Eth halves within hours type armagedeon shit

[Anonymous No.6275703]

>>6273836
It's only natural that the older someone gets, the more out of touch they get as well.

Korea news was obviously not true. I'd curbstomp that faggot who wrote it, if I'd ever get the chance

[Anonymous No.6275713]

>>6273836
Did you even read the article, brainlet?

[Anonymous No.6275724]

So don't sell your fucking coins god dammit

[Anonymous No.6275738]

/thread

[Anonymous No.6275783]

>>6274282
>Can you guarantee
>>6274388
>I am actually serious, can anyone guarantee
>>6274686
>Still noone offered any guarantees
Bros, I think this is the first /biz/ poster I've seen who I suspect might be legitimately retarded. Like a downie or something for real.

[Anonymous No.6275785]

>>6275471
They will once the blockchain is applied to certain industries, they will see the millions saved and adopt, mom n pop/ lower tier companies will have to set it off

[Anonymous No.6275855]

>>6273836
>South Korea banning crypto news may impact the market for a long time,

[Anonymous No.6275937]

>>6275783
He does seem retarded. Here is another example:

>>6275553
>Amazon was maybe the only one who recovered.

and when I posted this >>6275630 he didn't reply

[Anonymous No.6275969]

>>6275593
>implying it isn't

[Anonymous No.6276057]

and this is how CNBC reports on the tech predictions of an 87 year old luddite

[Anonymous No.6276063]

>>6273836
I don't know who really gives a shit

[Anonymous No.6276064]

>>6275738
He called himself stupid for missing Amazon. He knows nothing about tech.

[Anonymous No.6276092]

>>6275969
tattoos without meaning and muh bootiful flower or muh scury tats or muh flag are degen I agree
but tattoos that have individual/family symbolism like the name of your dead child or your family shield in a non public viewable place arent too bad imho

[Anonymous No.6276154]

>>6273836
Buffett literally followed up that line with "I don't understand crypto". Can we just fucking drop this meme?

[Anonymous No.6276216]

>>6276154
I think we should be fighting and ridiculing it as a counterbalance to how it is being sensationalised.

[Anonymous No.6276321]

>>6273836

post link faggot, what the fuck do you think this is, the "trust the bullshit that all OPs claim"? Jesus christ.

[Anonymous No.6276376]

>>6276154
>>6276216
Old man says new tech economy will crumble. Also says he doesn't actually understand it.

Where is the news?

[Anonymous No.6276395]

>>6275150
>i-i-if i post girls with posts, people will listen r-r-r-right

[Anonymous No.6276414]

>>6273836
>only invested 3 dollars on crypto
It's been real.

[Anonymous No.6276442]

>>6275553
Yea 99% of useless companies actually doesn't make it in a crash... breaking news dude.
Obviously all shitcoins with no purpose whatsoever will go away and most other crash hard, but that doesn't mean the solid ones with working tech and an actual useful service will die forever

[Anonymous No.6276484]

>>6276395
I seriously only entered this thread for the pictures and this is the only reply without pictures I have read

[Anonymous No.6276485]

>>6273961
what shitty tracking app u using?

[Anonymous No.6276489]

>>6276057
lel. In fairness, it looks like you're seeing that in the sort of place where clickbait appears, so they're really just tailoring the message to the audience, here. The product they present overall is probably significantly different depending on where you encounter them.

[Anonymous No.6276655]

>>6276154
It's the narrative at work, anon.
A while ago, Warren said that cryptocurrencies were a shit investment, but Bitcoin was on a bullrun, so noone cared.
Now, Bitcoin has been trading sideways for weeks, there's no real momentum, and the normies who dream of lambos are growing impatient and touchy. So a round of bad news roll out on a local downtrend (2 previous red days). Technically speaking, the bottom of the dump was expected, it was the speed that wasn't.
The reason for the dump could've been the SK news, but similar ban-threatening news rolled out during rallies and Bitcoin's price just didn't cafe.
The reason could've been Warren's FUD, but the same as the SK news applies.
The reason could've been panicky investors (normies).
Or it could've been none of them, or all of them, noone knows for sure. But they're blamed all the same by people scrambling to find a cause for the price action (even if the historical precedent of events similar to the proposed causes shows no correlation to price moves) just to make sense of what is happening, and what to do.
A narrative for the cause is spread around , and people believe it, causing a kind of self-fulfilling prophecy. Except half or most of the dump was caused by the narrative, not by what the narrative claims to have caused it.
I don't know where I was going with this, or if it was worth writing so fuck it, I'll just hit Post now.

[Anonymous No.6276672]

>>6276064
we need some strong meming boys.

Get to fucking work.

Turn cuckett into the cuck he always was.

[Anonymous No.6276720]

>>6276489

I think you're being too nice to them.

[Anonymous No.6276735]

If you read the article he said "Why would I invest in something I know nothing about?"

So yeah
>Crypto is a bad idea guys
>I know nothing about it

[Anonymous No.6276740]

>>6276655
if you don't know why bitcoin is halted, than you shouldn't really be in crypto.

Protip: Another one of the 1400 cryptos that serves no purpose. There's maybe 3 or 4 atm that actually have a decent protocol that is useful.

[Anonymous No.6276793]

They also have to be careful about how they report on Buffeett saying stupid shit. I saw the clip on CNBC when they aired it yesterday. Anybody who's familiar with crypto thinks what he's saying is retarded, but news anchors on a major network can't just come out and say that. Imagine if they said something like "Hey, everybody! You know that Buffett guy who is, like, the token acceptable billionaire among the leftards? Well, wait until you hear what retarded bullshit he's spewing today, lololol XDD!" That shit wouldn't be kosher. There'd be a shitstorm and somebody's career might get stunted. So, they just play the clip and if you're not an idiot, you can understand it for yourself.

[Anonymous No.6276833]

>>6276720
Yeah, that's possible, too.

[Anonymous No.6277032]

>>6276740
Loads of people who shouldn't be in crypto are in crypto. The kind of people who should be in crypto are experienced Forex traders, professional poker players, skilled investors and quant traders - but those are a minority.
It is the fact that in crypto there's people who are inexperienced, and with terrible mindsets, that one can turn a profit after a couple weeks or a couple months of mindful trial and error.

[Anonymous No.6277208]

>>6275639
>patrician shit
>bags under her eyes
>tat
>thousand cock stare
>patrician

[Anonymous No.6277789]

>>6277032
and niggas who were on 4chan before 09
oldfag here
queen boxxy for life

[Anonymous No.6277817]

>>6273836
Probably wants to buy in cheap.

[Anonymous No.6277866]

I'm buying more BTC every time one of these old farts opens their mouth about Crypt o without ever realizing what it is.

Buffet doesn't even understand the internet yet, how is he supposed to know what crypto currencies are? Old hag still uses a flip phone

[Anonymous No.6277894]

>>6277032
You mean while it's volatile and for trading ?

[Anonymous No.6278137]

>>6277208
I agree about the first, but the second is good.

[Anonymous No.6278201]

>>6275371
>be a massive whining bitch
>wonder why people don't wanna be around you

[Anonymous No.6278258]

>>6274226
>The dude is trapped in his mentality though, he didn't invest in any information age era company until 2016. It'll still be a while before blockchain tech has enough of a public impact for ol fuddy duddies like him to back wisely
I dont think he needs to even invest to burn a million a week for him to live the rest of his life

[Anonymous No.6278348]

>>6273836
>Why would I take a short position on something I don't know anything about

Rly ? And we still make an article after he admits he doesn't know shit about it ?

[Anonymous No.6278427]

>>6278348
I think the point was to laugh at what a joke he's becoming, although they can't say that explicitly.

[Anonymous No.6278455]

We all know that cryptocurrencies have a deadline. We’re all just trying to make money before that bubble bursts. People like buffet and munger are forward thinkers that invest in things that will last, and not something that has an uncertain lifespan. This current fud is just so large institutions can buy in cheap. Stupid new money exit markets because they’ve never experienced a dip.

[Anonymous No.6278478]

>Old man who made all his money elsewhere doesn't believe in new thing
Stop the fucking presses.

[Anonymous No.6278593]

LMAO THIS KEYNESIAN FUCK

You people have to realize these people are our mortal enemy.

Keynesians need to die just like commies.

[Anonymous No.6278624]

>>6276057
always do the opposite of what CNBC says

[Anonymous No.6278879]

>>6277789
Been here since 2006 /b/ --> /fit/ --> /pol/ --> /biz/

Actually have my life in order so it doesn't feel like a total waste

[Anonymous No.6278923]

fuck this shit

>>6278863
>>6278863
>>6278863

[Anonymous No.6278940]

>>6278879
Me except /v/ then /fit/ then /g/ ( regression :( ) in place of your /fit/.

[Anonymous No.6278942]

>>6277032
to be fair, you need a very high IQ to understand crypto

[Anonymous No.6278997]

>>6274131
whatever it takes to increase your sats

[Anonymous No.6279119]

The guy has made serious money off the old system. Of course he hates the new system. I'm not even mad. He did well, and he deserves his lambos. But shit, I'm gonna need one, too.

[NEM No.6279120]

>>6274422
well no, anyone who invested anything in BTC on or before early 2013 has 500x there investment at least, which makes buffet look like a side show.

Satoshi with one idea has 1000,000 x buffets entire life time achievement or more.

Buffet must be pretty sore about this, and is sort of bewildered by it all.

I suspect he cannot grasp the implications.

[NEM No.6279327]

>>6277032
forex and qunats should not be in crypto....

it can be manipulated with .gov money.

I predict cyrpto will send most legacy tradeing houses broke or irrelevant.