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/biz/ - Business & Finance

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9276513 No.9276513 [Reply] [Original]

https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html

Why does he have such a vendetta against fake internet money?

Calls Bitcoin rat poison yet no one is running around shitting on his investment in coke mentioning how high fructose is making kids obese and sick or some shit.

>> No.9276526

>>9276513
hes mad he didnt get in early and now other whales are having all the fun

>> No.9276529

This old man needs to be purged

>> No.9276531
File: 121 KB, 329x242, B774815C-7231-4DFB-ADE7-DCCB1F783D21.png [View same] [iqdb] [saucenao] [google]
9276531

crytpo will topple the established economic order. he doesn't satnd to do well if that happens. connect the dots.

>> No.9276539

>>9276513

too many god damn boomers in finance

>> No.9276542

>>9276513
he's just triggered he won't be the premier investor everyone knows after some crypto trader becomes a trillionaire

>> No.9276544

If rat poison negative... then...!

>> No.9276547

He also hates gold, so fair enough.

>> No.9276548

>rat poison squared
How do you square something that doesn't have a clear numerical value? What is this supposed to mean?

>> No.9276556
File: 9 KB, 211x239, 1510185187317.jpg [View same] [iqdb] [saucenao] [google]
9276556

>retards not understanding that he is simply fudding

>> No.9276564
File: 97 KB, 634x800, zyklonb.jpg [View same] [iqdb] [saucenao] [google]
9276564

>>9276513
> rat poison

>> No.9276569

we get you don't understand crypto.. shut up.

>> No.9276570
File: 42 KB, 657x527, 1521577327042.jpg [View same] [iqdb] [saucenao] [google]
9276570

>>9276531
Eventually there will be stocks you can put money on with less middle men because of the block chain, I think. The block chain will take his job?

>> No.9276572

He only likes investing in companies one that grow over time and seem to have a good future ahead.

That is why he hates gold and bitcoin

https://youtu.be/YWMmd7hlwNI

>> No.9276606

>>9276570
Also he's been FUDing for years and is hailed as a financial genius, if crypto continues taking off then his reputation goes out the window.

>> No.9276615

>>9276513
He’s a scumbag. He shilled against keystone XL because he ships oil on trains like an old retard. He decreases the standard of living of Americans through his price gouging businesses. The govt bailed him out in 2008 he is a fraud. Without the govt he would not be rich. He is a traitor to America and the ultimate good goy. He worked for Benjamin Graham and Buffet was the only non-jew he ever hired. Disgusting

>> No.9276625

>>9276556

we already know this, but boomers like grandma and grandpa look up to him for investment advice, and he's purposely not giving them the green light, but maybe it's a necessary evil, maybe he wants to give dumb millennials who haven't invested yet a chance.

He can take down the boomers with him and be a hero by never giving them the green light.

>> No.9276633

>>9276606
only the EMH retards and boomers worship this scumbag. He was bailed out by the govt, he’s a fraud.

>> No.9276637

>In a market, goods are bought and sold based on how much people are willing to buy and sell said good.
>This means when someone tells you buy something, they are also saying they need to sell it.
>Conversely when someone tells you to sell something, they are also saying they want to buy it.
All you need to know.

>> No.9276645

>>9276513
Ok before he was being low key, now he is on a warpath cause bitcoin is fucking him.

>> No.9276658

>>9276625
the mongs here look up to him too.
they just don't seem to understand that fudding isn't just something acne ridden autists do on korean basketweaving forums.

>> No.9276659
File: 301 KB, 550x578, 1521844649214.png [View same] [iqdb] [saucenao] [google]
9276659

>>9276606
If there was an index fund connected to the block chain it would be a better investment then berkshire hathaway. You would not have to worry about people cooking the books and fucking you over on how much they charge you and shit like that nomsayinmang

>> No.9276661

buffet will be gone in 10 years

bitcoin wont

>> No.9276663

>>9276513
This boomer wasted his shareholders money on IBM and even worse shit for the past four years

>> No.9276672

>>9276513
He fudding it and buying it

>> No.9276682

He's either FUD:ing on purpose or he's just too stupid in general to understand any new tech. I'm guessing it's the latter.

https://www.google.fi/amp/s/www.cnbc.com/amp/2018/05/05/buffett-i-was-wrong-on-google-and-amazon-bezos-achieved-a-business-miracle.html

>> No.9276685

>>9276661
YA cuz he old and will die

>> No.9276700

>>9276548

It does have a clear numerical value actually.

> Rodenticides Market worth 1.23 Billion USD by 2022

So that's 1.23billion^2 = 1.5129e18

What a dumb fucker. That's a HUGE market cap.

Idiot.

>> No.9276715
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9276715

>>9276661

>> No.9276719

>>9276663
He’s a fraud. The govt props this faggot up. Look into how much money he made from Obama’s TARP. Buffett is a govt crony cocksucker and a token good goy

>> No.9276724

boomers dont want gen Y to make it

>> No.9276725

>>9276513
in all honesty, the warren buffet FUD is the least interesting. I mean... the korean FUD is at least predictable, the hacking FUD is at best interesting because it actually varies from time to time but, the buffet FUD just bores me. I don't know why. Reads like an old man just mumbling to himself. Can we come up with new FUD pls

>> No.9276731

>>9276682
Pretty sure he sees it as a threat to his bottom line. Only reason he would even mention it. His wife left him because all he cared about was how much money he had like a competitive sport to be the richest person on the planet it gives him meaning. God he must hate Jeff Bezos

>> No.9276739

At this point he's just calling Bitcoin names lol. Like a 4 year old: Bitcoin's a poopy head!

>> No.9276747
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9276747

Warren thinks you should HODL pic related
that should be all you need to know about warren

>> No.9276753

Can Buffet, Musk, Bezos, Cuban, and Cook, just all fuck off

All real life memes that create a positive feedback loop of corrupt business practices and retardation

>> No.9276766

>>9276731
He’s a demented faggot boomer. Absolute scum

>> No.9276767

>>9276725

Ya I don't know why people think his words carry any weight in the space. We're talking an old school investor who's one of the more conservative investors and didn't even get into buying tech stocks until just very recently.

Stick to investors who invest in tech. The old guard will be left in the dust soon enough anyway. Their FUD should make your hands stronger.

>> No.9276772

What if smart contracts eliminated the need for companies like GEICO? Would his bottom line be affected? Hmm...

>> No.9276773

back in the day all it took to be good at finance was to have a pair of balls and be lucky.

fuck boomers

>> No.9276777

>>9276747
Nothing wrong with buying and holding, Though. You just get in early and wait like buying a piece of land and hoping the value goes up.

>> No.9276782

Instead of just saying something like this, why doesn't he articulate it in an essay of some substance... I would read it.

It's almost as if he is saying this based off of nothing.

>> No.9276811

https://www.youtube.com/watch?v=mldCPQ4ypYM

lol here is the video.

>> No.9276834

"Someone else is trading turds and you decide I can't be left out"

he is dictating /biz/ new fetish

>> No.9276837

>>9276811
10,000 is $100 squared. He's right about that.

>> No.9276842
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9276842

>>9276782
its just FUD bro, Warren, Bill Gates and Ray Dalio. they FUD the shit out of crypto but I bet my balls they're already deep invested into it (and the technology behind it).

>> No.9276856

>>9276513
>buy when others are fearful

>> No.9276871

>>9276842
>Bill Gates

I am sure he wished microsoft would have came up with it. I rather listen to Peter Thiel because he was actually trying to come up with an idea for an online payment system.

>> No.9276873
File: 19 KB, 918x538, s and p gold.png [View same] [iqdb] [saucenao] [google]
9276873

>>9276777
that graph shows the stock market has zero return when priced in noninflationary money
if you do not sell the top you do not make money
pic related if you would like to pick the next top

>> No.9276887

>>9276513
Why is this boomer faggot still talking about shit he doesn't understand?

>> No.9276906

>>9276873
Brah, if people could time the market someone would be a trillionaire. No one can time the market...

>> No.9276907

>>9276842
agreed, normies flock to cryptos berkshire hathaways profits plummet

>> No.9276909

>>9276513
Dude refuses to put any effort into trying to understand cryptocurrency. Sad.

>> No.9276914

>>9276773
implying the past 10 years weren't the best time to have balls and be lucky in the history of finance

>> No.9276935
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9276935

>>9276871
Microsoft is balls deep into crypto my dude.

>> No.9276965

>>9276526

He'll be dead by the time crypto matures why the fuck does he care?

>> No.9276969
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9276969

>>9276935
Maybe now, but they did not come up with it. Think it was the CIA honestly, they might kill me in my sleep tonight for saying it. lol idk

>> No.9277031

>>9276969
I think they only FUD it because of the lulz.

>> No.9277083
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9277083

>>9277031
>In 2010'"ish" they wanted to make the fed mint a trillion dollar coin to pay national dept.
>About the same time a unknown entity makes bitcoin.
>Antonopoulos said "if everything goes right it could be worth a trillion dollars"

Coincidence ??? pls no kill me I am just conspiracy nut

>> No.9277141

>>9277083
absolutely possible if you refer to the satoshi wallets here, I think the whole market would crash the second somebody moves from the old wallets tho.

>> No.9277156

>>9276513
lol he lost money and is getting envious others are making it

also.... crypto doesn't sound like an investment for an 80 year old

>> No.9277215

HONEY BADGER DONT CARE

>> No.9277253

>>9276513
Buffett: Millenies need to buy the stocks after I buy them, they need to pump my bags, bitcoin is dumb and you are dumb if you do not buy what i buy.

>> No.9277259
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9277259

>>9277141
MONETARY WMD

why not?

https://www.youtube.com/watch?v=cwr3mTlWdJY

>> No.9277275
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9277275

>>9277259
they could set up the ultimate short with that.

>> No.9277285

>>9277275
Or I am just completely wrong. Who the fuck knows. Need to find SATHANAKAMATO to ask him

>> No.9277362

He doesnt understand it, yet he is giving comments on it like he does.

Its like me saying teslas engine is crap, when I have no basis to say anything about it, good or bad.

>> No.9277388

>>9276700
>crypto will be worth more USD than there are particles of sand on earth
We can certainly dream

>> No.9277413

>>9276513
Homeboy is probably loading up.

>> No.9277486

JUST FUCK MY SHIT UP

>$1.1BILLION down! Warren Buffett's Berkshire Hathaway which has firms including Dairy Queen, Duracell and GEICO reports its first net loss since 2009

http://www.dailymail.co.uk/news/article-5695167/Warren-Buffett-reports-1-1BILLION-net-loss-Berkshire-Hathaway.html

>> No.9277532
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9277532

If cryptos/blockchain don't work we are fucked. Royally fucked. In fact the reason why I haven't inawoods yet is because we actually have a real alternative to replace the current financial system.

>> No.9277559

>>9277486
He's clearly going senile

>> No.9277592

>>9277559
>>9277486
kek /biz/, do you seriously not know about the changes to GAAP that caused this? Berkshire Hathaway is doing just as well as it always has, accounting rules have changed. crypto """investors""" are so retarded.

>> No.9277615

>>9276513
Then why doesn't the stupid cuck short it?
The old turd would get JUSTd so fucking hard, and he KNOWS it!
If he ever opens up a short position, I'll be looking forward to the tweet on bitmexrekt.

>> No.9277664

>>9276625
Ahh that millenial self entitlement, thinking this old rag fuds to give you a chance. Kys pls, worst generation to ever grace this earth

>> No.9277779

>>9276606
Meh, he'll be dead of old age before that happens anyway so who cares.

>> No.9277795

>>9277592
enlighten us

>> No.9277856

>>9277486
Haha fuck buffet. Faggot will lose 50% before he realizes its a recession and should get out. Then markets will chop his ass around another 2 years. By then crypto stock market 2.0 will be in full swing and he will be dead

>> No.9277867
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9277867

Can you imagine being this much of a nocoiner?

>> No.9278109

The Old Money are in the denial stage. They haven't fully comprehended that it's already over for them.

>> No.9278160

>>9276544
Yeah, seriously... That's not even a good insult, sounds like he's trying too hard

>> No.9278161
File: 63 KB, 519x482, pyramid-scheme-55e013130ab0bdbf068099b2.gif [View same] [iqdb] [saucenao] [google]
9278161

He's right you know.

>> No.9278192

>>9277532
Just move onto penny stocks, more or less the same volatility

>> No.9278228

>>9276906
If you can get relatively close and have 2 ~100% negatively correlated assets, you can make generational wealth.

>> No.9278231

>>9276747

Double top?

>> No.9278531

>>9276615
His daddy was a congressman

>> No.9278542

Crypto will slay this old beast. His reputation will be irreparably ruined within 2 years.

>> No.9278574

>>9278161
Only the last level loses all money in a Ponzi scheme.

>> No.9278672 [DELETED] 

>>9277779
Just curious
>>9377777

>> No.9278814

>>9278161
>tfw stinky linkies who got in early are the second row from the top

>> No.9278831

Fuck this old cracka

>> No.9278947
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9278947

And when he dies, he's not giving his money to his children. Instead, he's using it save the lives of nigger children.

Absolutely boomer

>> No.9278962

>>9276659
Maple burgers have one - I forget the name. Profitable as fuck I imagine.

>> No.9278973

>>9278831

Agreed my based nigga fren.

>> No.9278979

>>9276513
Op can't stop sucking dicks Buffett is wrong all the time

www.cnbc.com/amp/2018/05/05/buffett-i-was-wrong-on-google-and-amazon-bezos-achieved-a-business-miracle.html

>> No.9279003

>>9276906
>No one can time the market...
people sell at the top.... just not everyone

>> No.9279016

>>9277083
i think conspiracy nuts are the only sane people considering everything thats happened since 911

>> No.9279057

>>9279016
Published on Sep 18, 2009
https://www.youtube.com/watch?v=iAlUFFe2Tdk

>> No.9279072

>On Friday, it was revealed that Buffett had purchased another 75 million shares of Apple stock in the first quarter of 2018, leading to a 4.1 per cent rise in Apple share prices, which reached a record high of $184.15.

APPLE now biggest holding of Buffet. What a time to be alive.

>> No.9279128

>>9276661
Fukken rekt

>> No.9279198
File: 784 KB, 668x784, Screen Shot 2018-03-28 at 14.50.30.png [View same] [iqdb] [saucenao] [google]
9279198

>>9276637
This is true

>> No.9279449

Yeah, the guy said the same for Microsoft backthen. We see how that ended up.

When there is fud in the air, it’s time to accumulate more.

>> No.9279651
File: 2.00 MB, 371x331, 1501392500370.gif [View same] [iqdb] [saucenao] [google]
9279651

>>9276873
Did nobody ever teach you to label axes nigger?
What the fuck am I looking at?

>> No.9279720

>>9276513
>sells oceans of litteral poison
>shits on and overgeneralizes an unpresecedented financial instrument
well, fuck you, you fucking mummy

>> No.9279731

>>9276513
Because he doesn’t understand what a distributed ledger is or what blockchain is, he thinks the only function of crypto is internet money, so he could be legitimately worried from his ignorance or he is buttblasted because he is not in it and had no strategy to get in or feels like it’s too late to do so, if kids are investing their money into eth and not buying blue chips how will he make his billions?
He is talking shut about the competition.
To give you an example in Korea btc and eth price now affect the stock price of Samsung.

>> No.9279745

>>9276513
http://fortune.com/2018/05/05/warren-buffett-berkshire-hathaway-loss/

>> No.9279748

>>9276513
he's deep in bitcone he just don't want it to fly yet

>> No.9279793
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9279793

>>9276513
Ehehhe...ehehe...AHAHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.9279835
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9279835

>>9277362

Tesla doesn't have an engine bruh

>> No.9279845

Jews = rats
Bitcoin = rat poison squared

Makes sense.

>> No.9279888

>>9276513
venezuela is the perfect use for crypto, why the fuck do you think people still dont adopt it? will topple financial institutions my ass

wake up sheeple theres already a perfect situation to adopt and use it and nobody gives a fuck. adoption is a dream

>> No.9280010

>>9278161
>loose

>> No.9280032

>>9279845
It really does. Based Warren.

>> No.9280131

>>9276606
Warren Buffett was wrong before, on tech companies like Amazon and Google. He's too old school for our digitalized world, just like how he thought his father was back when he was younger.

>> No.9280209

>BTC reaching critical resistance
>Medias start spreading FUD and bring back the warren buffet
>Make price drops a bit to start a panic

I hope kikes won’t get away with it and bitcoin will smash their fud. Also if you short you are a Jew and you are going to hell I’m sorry. Bad investment imo.

>> No.9280219

>>9280209
>>Make price drops a bit to start a panic

if you think this is what causes prices to drop your very niave. its just whales taking profits

>> No.9280234

>>9279731
>To give you an example in Korea btc and eth price now affect the stock price of Samsung.

Really? How?

>> No.9280269

Keynesian leftist boomers need to shut the fuck up.

>> No.9280275

>>9276777
Except that you become rich this way when you're old.

>> No.9280288

>>9276529
All the boomer men need to be.

Id add in Gen X men too for good measure.

>> No.9280843

>>9280219
Muh waales

You are new to crypto

>> No.9280982
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9280982

>>9276513

Maybe he's just angry because he was liquidated on Bitfinex, yesterday ?

>> No.9280991

boomers are literally shitting themselves over crypto

if this isn't a massive green flag, i dont know what is

>> No.9280995

in all seriousness, bitcoin IS rat poison squared
bcore = jews
bcash = conmen
buffett is the proverbial broken clock here

>> No.9281004

>>9277664

Millennials, Gen Z, Gen X and Boomers are all the worst people on earth.

Makes you wonder if some pivotal event happened to make every generation so shitty.

>> No.9281014

>>9281004
>some pivotal event
>Millennials:Facebook
>Gen Z:the oil crisis and USSR dissolution
>Boomers:Allies win

>> No.9281076

>>9281014
GenZ are younger than millennials, dumb fuck.

>> No.9281077

He probably enjoyed being the richest man in the world a little bit too much and now he feels an ending to it.

>> No.9281085

>>9281076
>Gen X:the oil crisis and USSR dissolution
*corrected

>> No.9281125

>>9276564
This
Rat poison is a good thing