Munger, Buffet and Gates on the attack--> Time to load up and go long Bitcoin

in #bitcoin6 years ago

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The saying the Retail investors take the market higher has been proven time and time again, this time around, Warren Buffet 75 million shares stake revelation sent Apple stock surging higher.
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The legendary investor weekend event gather usual traction and the attentive ears were taking notes as Buffet and his partner Mr Munger shared their insights. Berkshire Hathaway reported an unusual loss for the quarter which were somewhat due to accounting changes. Our forecast today would be primarily geared towards unfortunate comments towards Bitcoin and cryptocurrency by both Buffet and Munger.

As can be seen from the picture above Mr Munger isn't a fan and describe Bitcoin as "worthless artificial gold", went further to say its anti-social, stupid and immoral and made the most unfortunate of statements when he made an anology saying "it's as bad as trading freshly harvested baby brains". That statement was very low, freshly harvested baby brain, how disgusting can someone be to even think of that. Nonetheless, point taken, you are not a fan.

We always have to remember the nature of the beast, its the same Mr Buffet and Mr Munger defending the likes of Wells Fargo. We should not even get into the Wells Fargo scandal, but I give you a summary, typical f..K you over customer treatment to ensure they meet their numbers to satisfy, ironically, their shareholders. I assume the status quo can forgive those cyclic sins, on yea, 2008 was just a fart, or probably the International financing cartel fu.k..g over small island states with 10-15% interest repayment loan. Or probably we should talk about the 'casino' of the bond market where banks that they themselves are shareholders fu.k over countries like Venezuela. I am being very polite not even going to the level of freshly harvested baby brains.

When you at the top of the food chain, you become the game-->Apple narratives were all doomsday until he bought 75 million shares, the greater fool theory meant his announcement took the market higher even though Apple is now eating cash and product sales on the decline. No rant on Apple but you get the point, its a game.

Mr Munger, Mr Buffet and Mr Gates if you truly hold that conviction why not short the market. As for me I rather take my long bet on this ecosystem. The high debt of countries, toxic debt of Central banks and currents of the financial system means its a matter of time before some folks get rekt again. Its a matter of time before 8 to 5 laborers get kick out of their homes that they get afford or get insurance policies to line the few pockets. Bitcoin and cryptocurrency is a peaceful protest and disruptive process enable by the current system that has left so many people on the borderline, so many people looking for some hope, so many people struggling to provide for their families, ironically, employed by companies you own that refuse to pay them justly. Its a matter of time before some countries realize its better to gamble as you describe it with Bitcoin, than take financing loans where they never able to pay the interest. There is a lot of things about the present system that isn't right, that isn't being address and Bitcoin and cryptocurrencies offer that alternative solution. It may not be the best but its the alternative that many have embrace.

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dear,sir@daudimitch really a good way to look at it, thanks for this really great article and explanation in a simple way of explaining cryptography...

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