/biz/ - Business & Finance

[Anonymous No.17417713]

>crypto doesn’t produce anything
>except cutting edge technology
Why won’t someone tell this parasite to shut the fuck up?

[Anonymous No.17417745]

he doesnt need to own any. this is good for us. more time to accumulate

[Anonymous No.17417784]

>>17417713
DUDE DIABETES WATER LMAO

[Anonymous No.17417786]

>>17417713
Dude is a dying dinosaur. who gives a fuck what his geriatric ass thinks.

[Anonymous No.17417866]

>>17417713
The name of the article writer seems jewish

[Anonymous No.17417873]

>>17417713
>>17417745
>>17417784
>>17417786
>>17417866
Dumb kids these days. Enjoy getting fuck'd by fully speculative shitcoin that consumes more electricity than country like GB. Pyramids have always fallen, this is not an exception you absolute retards.

[Anonymous No.17417880]

>>17417713
Watch what they do, not what they say.

Alot of the big financiers have a shitload of crypto on them.

[Anonymous No.17417895]

>>17417713
>doesn't produce anything
that's bullish as fuck. gdp is going into recession and global manufacturing is slumping. bitcoin is literally unaffected by this. dumb boomer

[Anonymous No.17417918]

>>17417713
>cutting edge technology
fat

[Anonymous No.17417931]

>>17417713
Buffet honestly needs to meet the serge

[Anonymous No.17417942]

>>17417895
Seriously look at this fucking geriatric crank. This article is also from today

[Anonymous No.17417979]

>89 year old doesn't understand crypto
Wow, shocking

[Anonymous No.17417984]

>>17417880
You in the pic.
>>17417895
Yeah it doesn't produce. It only consumes electricity massively.
>gdp is going into recession
>what is mid-long-term avg growth
You in the pic as well my retarded friend.

[Anonymous No.17417998]

>>17417713
No one here can adequately explain to me, my mother or my 23 year old neighbor what any crypto does and why one is valued different from the other without using the term ‘abject speculation combined with blunt manipulation’
There’s a reason why he’s a billionaire and we’re not—-he’s right.

[Anonymous No.17418031]

>Imagine giving money straight to the hand of electricity provider companies
absolute state of this cucked board

[Anonymous No.17418217]

>>17417713
Warren buffet is an old school investor, his investment strategy is taking advantages of an imperfect market, seeing something as undervalued relative to it's likely future value and then invest.
This kind of investment strategy is entirely based on value you can see, P/E, projected marketshare, growth of market, etc.

Watch this video of Buffet and Munger talking about "how they missed the tech companies on the rise". https://www.youtube.com/watch?v=n9x8by0HjmA
They talk about the tangible value they could see.. not that "information has value", not design or branding has value, but easily measurably things - that is how they measure every investment.

For crypto there is no market, there is no real value (as of right now), the only reason to invest is that you believe that decentralization has a value, which is a rather abstract thing to invest in.
In this regard it is oddly similar to investing in Facebook or google early on, where they had no natural way of generating income and by any traditional way of evaluating a company you wouldn't have been able to predict how big it could be - only by thinking in abstraction, that these companies gather information and can to some extend control the flow of information, then you would have recognized the value of these companies early on.

[Anonymous No.17418220]

>>17417713
this is why i never say Im invested in cryptocurrency but in blockchain technology. Cryptocurrency has negative connotations and sounds fishy to the vast majority of boomers

[Anonymous No.17418236]

>>17417713
if justin sun couldn't convince him, no one will

[Anonymous No.17418255]

>>17417873
weak ass bait

[Anonymous No.17418269]

>>17417713
>cutting edge technology
KEK

just like when blockchain was going to change absolutely everything? every single thing related to crypto is a scam.

[Anonymous No.17418295]

>>17417873
>implying anyone holds king shitcoin here

[Anonymous No.17418309]

>>17417745
I suppose you’re right. It’s good that he’s not siphoning bitcoin out of the economy just to stash it away like he does with fiat currency

[Anonymous No.17418325]

>>17418269
I would agree on everything besides Bitcoin. A blockchain only makes sense in a trustless network where inefficiency is an acceptable tradeoff.

[Anonymous No.17418333]

>>17417713
>just like when blockchain was going to change absolutely everything?
>governments of the world are putting Billions into Blockchain development

[Anonymous No.17418498]

>>17417873
>herbalife

[Anonymous No.17418535]

>>17417873
*sips* yeah these kids and there botcoins. If you don't hold it, you don't own it. Yep. *sips*

[Anonymous No.17418556]

>>17417873
All coins aren't PoW boomer. Also.. you need to go back

[Anonymous No.17418574]

>>17417998
There's a reason you think like an 86 year old outmoded dinosaur.

[Anonymous No.17418755]

>>17417998

This. Buffet is right, he just wants to know where your revenue is coming from, who your buyers are, what your costs are. Basic shit. Crypto projects struggle to describe what the hell their business model is. They always fall back on vague language about how they're revolutionizing something or other, but they rarely have projections of what they expect their cash flow to be that doesn't include a bunch of random dipshits buying the coins, and then people trading the coins like they're real estate except they are attatched to an online storefront that lets you buy MP3s with them or something. Somebody like Buffet just looks at this and says "what is the point of the 'cryptocurrency' here?" and the company starts trying to give a TED talk about how this will change the way people buy MP3s from an online store because now they get to use their shitcoin to do it, and the more people that use their shitcoin the more valuable in dollars their shitcoin will get so people can then cash out of the MP3 store by selling their shitcoin. Buffet knows this is a pump and dump scam and just walks away.

[Anonymous No.17418769]

Remember how everyone used to say 1 BTC will be worth like 1 million dollars soon?
Is it still gonna happen bros?