/biz/ - Business & Finance

>>12855672
imagine the smell

>>12855672
That’s a strong buy signal, I bet this nigger is a huge bitcoin whale trying to accumulate more.

>>12855672
Blorren Bluffet

>Buffett said the world's largest cryptocurrency "has no unique value."

how dumb is he

>coke has no unique value over cola

>>12855672
He also said Bloomberg would make a great president. It's Buffet who is delusional...and probably has a bit of dimentia with a touch of alzheimers.

>attracts charlatans
NO NO NO HOW COULD HE EXPOSE US

Warren Buffett admits Berkshire Hathaway paid too much for Kraft Heinz.

This dinosaur is not always right.

can't really disagree with him at this point
do you take blockstream seriously? the asicboost chinkman who's probably fish food by now? satoj and his vishnu? all of them have significant fundamental problems
bcash is likely the most "real" bitcoin out of the three, but nonetheless there's one critical element absent, the pioneering/innovative aspect. all the brainpower regarding that flew to ethereum, whether on the main protocol itself or building things on it
the idea of bitcoin is important but the current implementations wearing the name bitcoin are flawed

>>12855672
wasnt he fudding btc since day 1?

>>12855752
They didnt get common stock, mostly preffered to drain cash from the company. At the end of the day Buffett gets his 9% yield, and if the stock moons, thats just a plus.

>>12855672

>>12855672
Who?

>>12855672
FRESHLY HARVESTED BABY BRAINS

>>12855758
you can't actually believe what you're saying right?

>>12855722
>how dumb is he
>>coke has no unique value over cola
how are you?

Why does a billionaire who has more money than 99.9% of the human population even still give a fuck about anything

Kill yourself old man please

>>12856042
Everything that anon said was spot on.

>>12855672
>buys Apple above 1T mcap
>loses 4B on Heinz
I think he's going senile

>>12855672
>Old man yells at technology
Any other "news"?

>>12856042
Explain yourself and why you had such a sòyhoy-esque response to that, I dont see anything wrong with what he said

>>12856091
>>12856082
pajeet cope

>>12856096
We do not use the P word around these parts. This will be your one and only talking to. Smarten up and refer to them as Indians or East Indians.

>>12856109
rajesh

gold has no value it doesnt produce little golds by starring at it

>>12856096
Go ahead and follow his advice. The old man will probably die thinking he was right, considering he won't last very long drinking a gallon of coke per day.

>>12856096
He's been wrong on tech all his life and now he's buying tops on the things he expertised in. He's senile. He's been eating McD for breakfast all his life and drinks liters of coke. He ain't got much longer. His business partner munger looks like he's about to shed his skin.

>>12855781
woke. Buffett is the ultimate boomer scammer and his death should be a holiday for humanity

>Greatest investor of all time vs. spergs who post chinese cartoons.

This fucking place. Why don't you listen to someone who actually knows what he is doing for once?

>>12856200
munger will outlive all of us anon. reminder that he knows about that freshly harvested good stuff

>listening to some jew boomer

This is why you wont make it
bitcoin specifically is trash though

>>12856260

Retard if we listened to him nobody would have ever bought bitcoin in 2009-2016

>>12856122
Source? That's hilarious if true.

>>12855758
"yes bitcoin is a failed experiment going to zero but the underlying technology blockchain is revolutionary, but my token x which will revolutionize everything!"

t. financially destitute morons in the years 2014 and 2018

>>12855672
>listening to a literal bailout babby boomer
>"help me govvvvvv"
>what is survivorship bias
So many things about this faggot make me sick. He bought and held since like 1970, the ultimate boomer. He made his money off the backs of inflation and gov expansion.

>>12855672
>Horse buggy salesman says cars are unsustainable
By investing in stocks you indirectly give money to him.

>>12856418
Buffet is just reaching that stage of understanding now or signaling it anyway i.e. Blockchain will have value, not btc.

We all know how that plays out

>>12856431
little known fact, Berkshire almost went bust in 2008 because Buffet wrote a bunch of crazy CDS options like AIG. Berkshire’s credit rating blew out to junk because the potential losses were so severe. The govt bailed out the companies and assets he wrote options against otherwise he would have lost billions. He also bought businesswire so he could use the information for insider trading. Total fraud

>>12855672
Had he said this after over performing people would have listened, after his recent performance people will laugh.

>>12856512
Oh I'm aware. He's a bailout babby

>>12855672
>Berkshire loading up on BTC to dump when it reaches $100k

>>12855672
LOL

>>12856395
Never mind just read an entire article on why he does it... Does he want to have fillings like a kid as well???

>In the interview Monday, he did point to potential in bitcoin's "important" underlying technology blockchain but said its success does not depend on cryptocurrency.

So he STILL doesn't get it.


>>12856260

He literally doesn't understand even the basics of how blockchain/crypto works.

Btc is a delusion in the same way that using literally debt as money is a delusion.

>>12856260
>Criticizes and missed Google
>Criticizes and missed Amazon
>Criticizes and missed Apple then buys AAPL at the top
>Criticizes and misses Bitcoin
...
>knows what he's doing
>buys Heinz at the top and loses 4B
>Eats McDonalds for breakfast

>>12856672
he is a boomer fantasy. He is a monopolist and welfare queen. Pray for his death

>>12856636
No, he does get it. It's everyone else here who doesn't. When you purchase Bitcoin, you're either doing it to semi-anonymously buy shit on the internet or you're 'hoping' you can sell it to someone else later for more money. The Bitcoin left on its own doing nothing will not make any money or do anything at all. This is different to a stock, which gives you the share of a tangible company which makes money.

Bitcoin has just been greater fool theory for 10 years.

>>12856122
>>12856395
In 1988, Buffett began buying The Coca-Cola Company stock, eventually purchasing up to 7% of the company for $1.02 billion. It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds

>>12856672
to be fair he always has said that he has no clue about technology and therefore stays away from stocks
what is most likely is that he hears everyone at his company shilling against bitcoin (because
they are threatend) and just repeats what he hears at the lunch table

>>12856698
All assets are inherently pyramid schemes. Just because it's backed by government doesn't make it any better profit wise.

>>12856688
He's a literal embodiment of scrooge Mcduck. Only sits on his money, doesn't spend jack. He doesn't even spend money on eating healthy.

>>12855672
>BLOCKCHAIN not BITCOIN


Why are boomers so tech illiterate? Someone redpill me on Buffet, does he actually invest/know anything about tech at all?

>>12856074
It's cringe no one here does any objective research it's all moonfags and delusional poorboys shilling chink scams

>>12856698
i think an underrated reason is that it's a lot of fun to trade and with bitcoin it's so much easier than trading stocks (at least here in europe)
then of course once transactions are instanteneous (<10 seconds) without fees it's gonna spread over instant messengers and replace paypal and phone payment systems

>>12856698
Or... to shield your wealth from destructive monetary policies and insure that no one can ever confiscate/exert control over your wealth

>>12856742
Dude is too old to understand tech and too old to understand social change. Crypto is both.

>>12856742
>>12856672

>>12856109

Hahahahahaha

https://www.rt.com/news/452280-warren-buffett-fraud-charlatan-keiser/

>>12857070
>Max Keiser
Fraud calling someone else a fraud, o i am laffin.

The fartknocker just shits on anything that he isn’t selling. He shits on physical gold in the same letter, while probably accumulating more as he wrote it.

BOOMER SCUM

>>12857106
regardless, he's not wrong

>>12855825
how are people that look like this in positions of power

>>12855672
trail of cope

>>12855672
>Distract the sheep from my $25 billion loss in Q4

>>12855672
he thought the internet was just a fad too

Does this dude even use a computer?

>>12856418
cool blogpost, but what does it have to do with anything? outsiders who think they're insiders because they hold a few coins they never use are missing out on significant progress made through 2018, most of it tokenless

>guy who got rich by insider trading while pretending he's a genius who owns a company with a website designed in the 1940s talks about technology

>>12855758

>>12855672
His way is the way of the dinosaur