Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Discussion in 'Crypto Assets' started by themickey, Apr 30, 2022.

  1. M.W.

    M.W.

    Show proof that he cheated, bet you can't. You talk a big game but show nothing. You constantly shilling for crooks does not make your claim of an honest life in any way credible...

     
    #41     May 2, 2022
    murray t turtle likes this.
  2. SunTrader

    SunTrader

    Right. I'll add damn fools angry at the world. He'll continue on and on.
     
    #42     May 2, 2022
    Trader Curt and johnarb like this.
  3. Trader Curt

    Trader Curt

    What do you want me to do? Show you his phone logs? LOL. It's no secret he does insider trading. A lot already know about it too

    Sorry bud, your hero is a cheating dirtbag.
     
    #43     May 2, 2022
    johnarb likes this.
  4. Judging by the price chart, it looks to me like cryptos are far more susceptible to manipulation than USD. So you want to get the government out of the business of manipulating money. By doing what exactly? Resorting a more easily manipulable alternative? What was that again about "smart people?"
     
    Last edited: May 2, 2022
    #44     May 2, 2022
    M.W. likes this.
  5. Trader Curt

    Trader Curt

    Well it's manipulated from low liquidity. But with more and more adoption the liquidity will be higher and harder to manipulate.

    The only difference between the USD and BTC is that BTC is gaining value, but the USD not so much
     
    #45     May 2, 2022
    johnarb likes this.
  6. Harder to manipulate than USD? You think so?

    I'm thinking maybe the relative maturity of the two may account for some of that difference. Meanwhile, had a look at BTC's price chart lately? Are you averaging down yet?
     
    Last edited: May 2, 2022
    #46     May 2, 2022
  7. Trader Curt

    Trader Curt

    Depends on how much value the USD has lost and how much value BTC will gain
     
    #47     May 2, 2022
    johnarb likes this.
  8. You actually believe BTC will overtake USD as a medium of exchange such that is will be less manipulable?!
     
    Last edited: May 2, 2022
    #48     May 2, 2022
  9. Trader Curt

    Trader Curt

    I don't know, it depends.

    I think the USD will eventually get it's own digital currency to combat inflation, but I also believe that BTC is going nowhere since it's a store of value. And as BTCs value goes up so will the liquidity and less likelyhood of manipulation.
     
    #49     May 2, 2022
    johnarb likes this.
  10. How would that work?
     
    #50     May 2, 2022