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I would imagine he knows a thing or two about investing, regardless of asset class, and that helps inform his opinion. Quoted:
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Lol, this thread exemplifies what I love most about Arfcom. It’s a place where a below average joe ditch digger has no qualms about getting online and claiming to know more about investing than Warren Buffett, who is arguably one of the most successful investors of all time (and actually believes this to be true). Hours of entertainment to be had  http://fortune.com/2015/02/28/warren-buffett-my-100-billion-blunder/ “HOUSING HOROSCOPE The blunder: Buffett predicted in last year's letter that the U.S. housing recovery would begin within the next year and help fuel economic growth. The explanation: Buffett doesn't mince words and says he was "dead wrong" about this one. But he says basic biology makes it unavoidable that the country will need more houses.” http://www.businessinsider.com/warren-buffett-admits-to-5-big-mistakes-2012-2 |
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“Warren Buffett: I was wrong on Google and 'too dumb' to appreciate Amazon
Warren Buffett told shareholders at Berkshire Hathaway's annual meeting that he missed his chance to invest in Google. Buffett has largely avoided tech stocks because he said he didn't understand many of their business models.” “The Oracle of Omaha also professed ignorance on other big technology stocks, whose rallies he missed because he didn't quite appreciate their value proposition at first glance.” https://www.cnbc.com/2017/05/06/warren-buffett-admits-he-made-a-mistake-on-google.html |
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I have around $300 "invested" in some alt coins. It's down huge from last week, but still up 300% plus from when I bought in three weeks ago. It's play money, and I wouldn't put anything but play money into it. If it grows 100% per year in the short term, I'll be happy. I'm not in the crowd that thinks a few hundred bucks will buy a Lamborghini or a house in a year. |
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From 1999
Did he ever buy these stocks? “Buffett won't invest in tech stocks Berkshire Hathaway CEO Warren Buffett doesn't plan to invest in firms such as Microsoft and Intel because he doesn't know the industry well enough.” https://www.cnet.com/news/buffett-wont-invest-in-tech-stocks/ |
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But what "problem" is crypto currently looking to solve? My life is already pretty easy with cash and credit/debit cards. You're examples of computers and the internet solved critical problems and/or improved life somehow. No idea if that was the original goal of bitcoin or not. Guessing not. But, people with money in shit countries where the government can take all your valuables at a whim. Well, crypto they cant exactlly do that. The value in crypto is the anonymity anywhere on the planet assuming someone is around to accept it as payment. |
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Quoted: Crypto as it stands is way easier for people in destabilized/destabilizing nations to conceal their money. No idea if that was the original goal of bitcoin or not. Guessing not. But, people with money in shit countries where the government can take all your valuables at a whim. Well, crypto they cant exactlly do that. The value in crypto is the anonymity anywhere on the planet assuming someone is around to accept it as payment. |
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Greater fool theory.
Bitcoin was initially propped up by the Silk Road and money laundering in Asian countries. It hasn't really gained popularity as a real currency and it's actually started losing places that accepted it because of long transaction times and high fees. Taxes, regulation and reality are about to come crashing in. |
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https://www.investopedia.com/financial-edge/0210/buffetts-biggest-mistakes.aspx http://fortune.com/2015/02/28/warren-buffett-my-100-billion-blunder/ “HOUSING HOROSCOPE The blunder: Buffett predicted in last year's letter that the U.S. housing recovery would begin within the next year and help fuel economic growth. The explanation: Buffett doesn't mince words and says he was "dead wrong" about this one. But he says basic biology makes it unavoidable that the country will need more houses.” http://www.businessinsider.com/warren-buffett-admits-to-5-big-mistakes-2012-2 Quoted:
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Lol, this thread exemplifies what I love most about Arfcom. It’s a place where a below average joe ditch digger has no qualms about getting online and claiming to know more about investing than Warren Buffett, who is arguably one of the most successful investors of all time (and actually believes this to be true). Hours of entertainment to be had http://fortune.com/2015/02/28/warren-buffett-my-100-billion-blunder/ “HOUSING HOROSCOPE The blunder: Buffett predicted in last year's letter that the U.S. housing recovery would begin within the next year and help fuel economic growth. The explanation: Buffett doesn't mince words and says he was "dead wrong" about this one. But he says basic biology makes it unavoidable that the country will need more houses.” http://www.businessinsider.com/warren-buffett-admits-to-5-big-mistakes-2012-2 These are the same reasons I go to a surgeon for surgery and a mechanic for major auto repairs. I expect that a professional, while not perfect, will generally know more about these subjects than I do. Plus it’s just darn hard to perform surgery on yourself
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740billion dollar is not a bubble . The current housing market , student loans , stock market is a bubbble Quoted:
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Yes, let the 90 yr old guy inform me on cutting edge technology. |
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He may be right, he may be wrong, but he's #3 richest man in the world, and he didn't get there and stay there by being stupid. And I am sure he had missed more boats than he care to remember, but I doubt he loses sleep over them. |
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Yep, he's human. It would be unreasonable to expect to him to be right 100% of the time. It would also be unreasonable for most people to expect themselves to be right more often than him about investing. These are the same reasons I go to a surgeon for surgery and a mechanic for major auto repairs. I expect that a professional, while not perfect, will generally know more about these subjects than I do. Plus it's just darn hard to perform surgery on yourself Quoted:
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Lol, this thread exemplifies what I love most about Arfcom. It's a place where a below average joe ditch digger has no qualms about getting online and claiming to know more about investing than Warren Buffett, who is arguably one of the most successful investors of all time (and actually believes this to be true). Hours of entertainment to be had http://fortune.com/2015/02/28/warren-buffett-my-100-billion-blunder/ "HOUSING HOROSCOPE The blunder: Buffett predicted in last year's letter that the U.S. housing recovery would begin within the next year and help fuel economic growth. The explanation: Buffett doesn't mince words and says he was "dead wrong" about this one. But he says basic biology makes it unavoidable that the country will need more houses." http://www.businessinsider.com/warren-buffett-admits-to-5-big-mistakes-2012-2 These are the same reasons I go to a surgeon for surgery and a mechanic for major auto repairs. I expect that a professional, while not perfect, will generally know more about these subjects than I do. Plus it's just darn hard to perform surgery on yourself |
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IN this thread, we find out who has no idea what "Bitcoin" really is. First, it isn't just "Bitcoin" and second, it isn't just currency. Carry on in your ignorance.  
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Did you cash out? If not, you didn't return shit. Quoted:
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Lol. Please direct us all to your investment tips that yield a minimum 100% rate of return this year. Thanks. BRB going to check my Enron stock. |
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Greater fool theory. Bitcoin was initially propped up by the Silk Road and money laundering in Asian countries. It hasn't really gained popularity as a real currency and it's actually started losing places that accepted it because of long transaction times and high fees. Taxes, regulation and reality are about to come crashing in. I wouldn't throw the baby out with the water quite yet. |
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P.S. Hopefully your smart enough to realize that these cryptos will be the Enrons of tomorrow. Quoted:
Quoted: Been playing with house money for awhile. BRB going to check my Enron stock. If they all go to zero my life doesn’t change. But I know this. Blockchain or whatever it morphs into will be around just like the internet today. |
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I’m hodling the Enron, Amazon, pets.com, Apple and intel of the crypto world in my portfolio right now. If they all go to zero my life doesn’t change. But I know this. Blockchain or whatever it morphs into will be around just like the internet today. Quoted:
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Quoted: Been playing with house money for awhile. BRB going to check my Enron stock. If they all go to zero my life doesn’t change. But I know this. Blockchain or whatever it morphs into will be around just like the internet today. |
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I use pandora all the time. It's already free, with ads and limited skips of course. What else? If something will actually make life better I'm all for it. But I'm just not seeing it yet... 
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Crypto is gambling. Not investing. A few people got lucky and made a lot of money. A few people will make a little bit of money. Most people will lose everything they put into it. An investment needs a real world backing. Currency has governments and a nations economy behind it. Metals have a real barrier to production If you could mine physical gold from a hope pc system it would not take long for it to become completely worthless. There is nothing to limit the number of crypto currency and nothing making any one of them extremely unique. They will end up being more of an easy transfer medium like PayPal than an actual currency |
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Quoted: I’m hodling the Enron, Amazon, pets.com, Apple and intel of the crypto world in my portfolio right now. If they all go to zero my life doesn’t change. But I know this. Blockchain or whatever it morphs into will be around just like the internet today. |
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Tech is always changing and morphing thats a given. And we certainly will see elements of the bitcoin movement advanced into the future. However, I don't think there is a future in Bitcoin or the alt coins we see today. This technology is nothing more than a novel process of (mostly) existing technology, but it is highly inefficient and laughable if it wasn't taken so serious. Distributed architectures are great during times of innovation and growth, but centralization will eventually result to solve the legitimate concerns that plague these coin networks, and quite frankly any decentralized model. The philosophy of bitcoin is all bullshit, and I fear that people don't understand monetary history. Quoted:
Quoted: I’m hodling the Enron, Amazon, pets.com, Apple and intel of the crypto world in my portfolio right now. If they all go to zero my life doesn’t change. But I know this. Blockchain or whatever it morphs into will be around just like the internet today. ““About 80 percent of the world’s population is unable to enter into the modern global economy due to lack of visible and standardized property records. Billions of people have resources that cannot easily be transformed into productive capital” Hernando de Soto said in a statement. “Blockchain is a powerful tool to solve these structural issues, which are some of the principal causes of poverty and conflict.” https://investorplace.com/2017/12/overstock-com-working-on-blockchain-project/ |
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Because if you tried to make it worthless, it's backed up by a nuclear arsenal. What makes a bitcoin valuable? A bunch of weebs on the internet who are gonna put their fedoras on and type real fast on their keyboards while breathing heavy? Quoted:
Quoted: Why is the USD valuable? What makes a bitcoin valuable? A bunch of weebs on the internet who are gonna put their fedoras on and type real fast on their keyboards while breathing heavy? |
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Depends on whether or not that guy is Warren Buffet Quoted:
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Yes, let the 90 yr old guy inform me on cutting edge technology. |
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Quoted: Pretty sure economist Hernando de Soto knows monetary history. ““About 80 percent of the world’s population is unable to enter into the modern global economy due to lack of visible and standardized property records. Billions of people have resources that cannot easily be transformed into productive capital” Hernando de Soto said in a statement. “Blockchain is a powerful tool to solve these structural issues, which are some of the principal causes of poverty and conflict.” https://investorplace.com/2017/12/overstock-com-working-on-blockchain-project/ |
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If crypto is so valuable, you should be trying to convince others to sell so you can buy low. If you have to convince me to buy it, it's a pyramid scheme. Think about it like Colt Pythons. If Warren Buffett came out and said Colt Pythons are worthless, a lot of savy gun people would be happy and welcome the message. No one has to convince you that Colt Pythons are valuable. |
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P.S. Hopefully your smart enough to realize that these cryptos will be the Enrons of tomorrow. Quoted:
Quoted: Been playing with house money for awhile. BRB going to check my Enron stock. 
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I watched that video earlier. He says Bitcoin will come to an end which I agree will happen. It's old and outdated compared to other crypto and blockchain alternatives out there. It will die a slow death, and may go way higher before it does. However it will be replaced with better, faster, cheaper options that are growing right now. However Buffet is an idiot. He talks about wanting to buy puts on bitcoin, but says he wouldn't because he doesn't understand it.   The Tech is here to stay. What part and who is the real question. |
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The same thing was said about the dot-com boom. The smart money got in, made a killing, and eased out before the whole thing blew up in people's faces. ...or maybe it's a good example. 
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