Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin | |
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Anonymous Coward User ID: 73810274 United States 01/10/2018 09:12 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin He is an establishment guy! Of course he doesnt like sound money like cryptos, he is an insider who made fortunes by being an elite insider. Guys like him love central bankers and endless quantitative easing so he and his buddies keep the party going! Why should the other 99.9 percent of the population make any return on their investments!its going to end badly for the elites, they are losing their grip in an increasingly multipolar world! Their days are few but the don't see it! Good riddance to the money changers who have been causing problems on this beautiful planet for eons!! |
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gcxc User ID: 1786840 United States 01/10/2018 09:14 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin The world changes, those that made their way in the old may not be the best to judge the new. |
Anonymous Coward User ID: 73810274 United States 01/10/2018 09:23 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin Plus he admits he knows nothing about cryptos but yet he issues judgement on them. Maybe he should look in the phone book or yellowpages and find out what cryptos are! He probalbly doesnt know about google or the internets |
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Anonymous Coward User ID: 75444118 United States 01/10/2018 09:39 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin [link to www.zerohedge.com (secure)] Quoting: DOOOOOOOOOOOOOOOOOOOOOOOM ON 45273213 Warren Buffett doubled down on his criticism of bitcoin Wednesday during an interview with CNBC, where he said he's almost certain the cryptocurrency craze "will end badly" and that the current runup in value will be fleeting. But paradoxically, he also admitted that he "doesn't know anything" about digital currencies after saying he would eagerly buy five-year puts on "every one of the cryptocurrencies." "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," said Buffett, the chairman and CEO of Berkshire Hathaway. "When it happens or how or anything else I don't know," he added in an interview on CNBC's "Squawk Box" from Omaha, Nebraska. "But I know this: 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." While explaining why he wouldn't take a short position, he said he "gets into enough trouble with things I know something about..." "I get into enough trouble with things I think I know something about," Buffett said. "Why in the world should I take a long or short position in something I don't know anything about." His comments notably come a day after JP Morgan Chase & Co. CEO Jamie Dimon said he "regrets calling bitcoin a fraud." Dimon last fall famously compared bitcoin to the Dutch tulip mania and threatened to fire any JPM trader caught buying or trading digital What a buy signal He literally is tech illiterate always was a bankster buttboy too |
7777 User ID: 73257607 United States 01/10/2018 09:48 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin Litecoin sucks Kuckcoin you would be a a cuckoo to do that. You want but your money on that You like a beast out the sea there is your kraken aka chutulu coin or how about new favorite islamcoin. You know everything is permissible not everything is beneficial everything is permissible I will be not mastered by anything (which is why money is tool to be put for good use). Which Unfournately he is wasting his money on every cryptocurrency which is a bad move. The right use of money is taught by Gods son which I use to determine where I want to put money and that is on bitcoin and if I want to diversify there are plenty of American stocks to do so. Predictor.org as a someone who supports trump I will not but down on Kim jung why because I don't believe in what he believes and therefore my money does not support him. |
777 User ID: 73257607 United States 01/10/2018 11:46 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin Remember though buffet was the one who said when ever one is panicking buy and when every when is buying panic that's what he is doing. If your smart you would be buying like right now. |
Anonymous Coward User ID: 79336278 United States 04/11/2023 01:07 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin Berkshire is a net seller of put warrants. That's why downtrends in market prices forces them to plead for assistance from the Federal Reserve Bank to purchase the shares they committed to buying from the sale of puts. |
Crypto-Tard
User ID: 85523296 United States 04/11/2023 01:09 PM Report Abusive Post Report Copyright Violation | Re: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency" Warren Buffett doubled down on his criticism of bitcoin [link to www.zerohedge.com (secure)] Quoting: DOOOOOOOOOOOOOOOOOOOOOOOM ON 45273213 Warren Buffett doubled down on his criticism of bitcoin Wednesday during an interview with CNBC, where he said he's almost certain the cryptocurrency craze "will end badly" and that the current runup in value will be fleeting. But paradoxically, he also admitted that he "doesn't know anything" about digital currencies after saying he would eagerly buy five-year puts on "every one of the cryptocurrencies." "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," said Buffett, the chairman and CEO of Berkshire Hathaway. "When it happens or how or anything else I don't know," he added in an interview on CNBC's "Squawk Box" from Omaha, Nebraska. "But I know this: 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." While explaining why he wouldn't take a short position, he said he "gets into enough trouble with things I know something about..." "I get into enough trouble with things I think I know something about," Buffett said. "Why in the world should I take a long or short position in something I don't know anything about." His comments notably come a day after JP Morgan Chase & Co. CEO Jamie Dimon said he "regrets calling bitcoin a fraud." Dimon last fall famously compared bitcoin to the Dutch tulip mania and threatened to fire any JPM trader caught buying or trading digital When you are afraid of losing your life, you have already lost your life. Don't be afraid. |