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RE: CRYPTO NEWS: Billionaire makes grim Bitcoin prediction and South Korea DOESN'T ban crypto trading
Buffett knows what he invests in very well and has made a killing doing it. He won't invest in crypto as it is way over his head, like many things he has missed in the past (especially in tech). Would take this with a grain of salt.
its not over his head, crypto is damaging to his wealth sources, and that of other creepy billionaires, now suddnely he and his financial elites dont have endless access to all social and material ressources around them, he wants a communal financial cartel to have a cheap supply of needy salary slaves that run "his" income sources that make him so rich (real estate, companies, value papers, debt certificates). The united states once was used against communism, today the united states and its billionaires are communism.
same is with trump and many other billionaires and millionaires abroad, there is nothing special about them whining around, they just comment things according to their private interests. these people just claim to be nationalists, or altruistic but how did they got rich then? all other nationalists worked with their every day labor, and stood poor, whats different about those?the answer is simply they used the us-american financial system for their private advantage, to obtain income sources, keeping everybody else in an "american dream" selling their time, till they age and are left to die
I'm not so sure I believe that Warren is one of the creepy billionaires... he has given out many great pieces of advice that we can all use over the years as I lay out in my 3-part series on Warren Buffet: https://steemit.com/bitcoin/@investingtips/how-to-think-like-warren-buffett
his advise is the same pyramid system garbage, that is beeing given since the construction of the gize pyramids, by the rich financial elites to the poor salary dependent folksmen,
his hatred for bitcoin and cryptocurrencies, comes simply from the fact, that he and his banksters can upkeep their prison anymore, and look now like bad and evil communists, which they fought during sovietunion timespan
pyramid system? he literally says buy when price action looks at its worst for good companies (price is low)... if he was operating a pyramid scheme he would tell people to buy at All Time High's. but anyway nothing will change ur mind Alex Jones has clearly killed your brain cells!
price action at its worst for good companies? this guy basically benefits from young enterpreneurs unable to fund themselves with their own currencies, he hates cryptoeconomics, because now the young enterpreneurs are not forced to be enslaved by the us dollar financial cartel, with its leeching banksters and "investors" you braincells are damaged by alex jones warren buffet, and the federal reserves mass media, these people arent our friends, they want to print money and everybody else to be forced to sell their time for it, they are just old fashioned communists. but even worse than that they want to privately own income sources and secretly they want to focus the entire economy on themselves the rich money printers, you cannot be saved.
I agree.
Ironically though, i started into btc and crypto BECAUSE of Warren Buffet. I read the "Warren Buffet way" in 2011. His simple decision of investing in gilette because he took comfort in the fact 50% of the world shaved before work, got me thinking.
I think 100% of the working world would prefer privacy from banks and government in their dealings. Lightbulb moment.
Cheers Wazza.
Simple but good way of thinking there! I think the old folks will just have a hard time grasping blockchain and cryptocurrencies. Warren Buffet is just one of them.Not that I blame him but pretty sure he just doesn't understand any of this...
Buffett is like my grandpa. I doubt he even knows how to use the microwave. How can you expect to explain to him about magic internet money? The guy's a dinosaur