I'm NOT a Warren Buffett fan, but two day's ago ...

semperfrosty said:
I didnt realise there were people in our community that didnt like Buffet.

Isnt that like being a basketball fan but not liking Michael Jordan?
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No. Jim Simmons is MJ. WB apparently missed getting into bitcoin so now he just spends his days attacking crypto...probably because he is concerned about gold I guess...I imagine he is loaded up with gold because he's such a dinosaur.
He says,
“Bitcoin doesn't produce anything.”

Lol yeah except wealth...a store of value, easy to transfer...liquidity etc etc...what does gold produce...jewelry wearing Uber drivers?
 
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wxytrader said:
No. He missed getting into crypto so he is no Michael Jordon by any stretch of the imagination. Now he just attacks crypto because he has sour grapes.
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Good Morning wxytrader,

Crypto is an unregulated market. Too risky, the broker will steal your millions of dollars when you ask for payout.

No broker will pay you millions if unregulated.

This is why USA forex traders will never get rich quickly, leverage in USA too small.
 
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SimpleMeLike said:
Good Morning wxytrader,

Crypto is an unregulated market. Too risky, the broker will steal your millions of dollars when you ask for payout.

No broker will pay you millions if unregulated.

This is why USA forex traders will never get rich quickly, leverage in USA too small.
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Brokers? You mean with the Bitcoin ETFs?
 
tomkat22 said:
I been hearing talk of a bubble for 6 or 7 years now(at least). How do we know the so-called bubble wont continue for 6 or 7 more?
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Good Morning tomkat22,

Long and Strong the Vanguard SP 500 Index for life. It is the easy money in the world to make.

Do not worry about bubble. Bubble word is for the marketing mess around people.
 
SimpleMeLike said:
Hello wxytrader,

The crypto market people can still your assets.

Remember they hacked Gt.Gox.

Warren can not invest in that market. Too risky and unregulated
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That's a crypto you exchange. They should not be used to store crypto assets...only to exchange them. Or you could buy etfs etc. WB missed the opportunity...like most people. It had nothing to do with avoiding risk...he understood nothing at all. Now he just harps about it.
 
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semperfrosty said:
I didnt realise there were people in our community that didnt like Buffet.

Isnt that like being a basketball fan but not liking Michael Jordan?
More...
In my case, I'm not a fan because he, his buddy Bill gates, are not capitalists, but statists, as is Musk, although he is on the opposite side of the scale. None are friends of capitalism, nor free markets.

With Buffett, I've long suspected that many of his profits are due to inside info. During several financial problems, he was both a trader / investor -- at the same time he was advising the Gov't how to solve issues.
 
wxytrader said:
No. Jim Simmons is MJ. WB apparently missed getting into bitcoin so now he just spends his days attacking crypto...probably because he is concerned about gold I guess...I imagine he is loaded up with gold because he's such a dinosaur.
He says,
“Bitcoin doesn't produce anything.”

Lol yeah except wealth...a store of value, easy to transfer...liquidity etc etc...what does gold produce...jewelry wearing Uber drivers?
More...
No Buffett has had long antagonism to gold. He & Munger considered it a sterile asset.
 
wxytrader said:
That's a crypto you exchange. They should not be used to store crypto assets...only to exchange them. Or you could buy etfs etc. WB missed the opportunity...like most people. It had nothing to do with avoiding risk...he understood nothing at all. Now he just harps about it.
More...
Hello wxytrader,

I do not think ETF bitcoin was out when crypto got started trading.

Is crypto market still unregulated?
 
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