Warren Buffett on Bitcoin

[clacy]

Buffett makes the case that it's dollars in, dollars out

http://video.cnbc.com/gallery/?video=3000257232

"A very fast money order"

"The idea that it has some huge intrinsic value is just a joke in my view"

 

[Hoi]

To balance opinions:

Bitcoin-community on Warren Buffett:
http://www.reddit.com/r/Bitcoin/comments/20ebo8/stay_away_from_bitcoin_its_a_mirage_warren_buffett/

 

[FXforex]

Buffett makes the case that it's dollars in, dollars out

I posted that on Dec 5th, 2013

Publicity stunt for both Bitcoin and Tesla. Those Bitcoins were probably exchanged for USD within minutes.

USD > Bitcoin > Tesla > Bitcoin > USD

http://www.elitetrader.com/vb/showpost.php?p=3910469&postcount=2

 

[just21]

Bitcoin has outperformed Berkshire Hathaway. Warren Buffett bought BRK at $8 in 1962 by 2013 it peaked at $178,900, an increase of 2,236,250%. Bitcoin went from $0.01 to $1243, a 12,430,000% move in 4 years.

 

[peilthetraveler]

Warren Buffet is an idiot. He lives in the same shitty house he bought half a century ago. What the hell is the point of being a billionaire if you can't live in a nice house. Of course he doesnt understand bitcoin. He can't even understand what it means to be a billionaire.

 

[clacy]

Warren Buffet is an idiot. He lives in the same shitty house he bought half a century ago. What the hell is the point of being a billionaire if you can't live in a nice house. Of course he doesnt understand bitcoin. He can't even understand what it means to be a billionaire.

Sorry but WB runs circles around you. He's not always right but calling him an idiot says a lot more about your intelligence than his.

 

[jsmith]

I think Warren Buffet is right about Bitcoin but it does have some intrinsic value.

Bitcoin can be used for tax evasion and buying illegal drugs.

 

[Hoi]

This will be fun !

A real wager for 300 Bitcoins against one single Share of Class A. Berkshire Hathaway stock

If Bitcoin's price is (about) above $756 in one year time, then the winner takes $183,860

http://www.reddit.com/r/Bitcoin/comments/20gkdx/legitimate_wager_300_bitcoins_vs_1_class_a_share/

 

[Hoi]

Bitcoin can be used for tax evasion and buying illegal drugs.

Maybe you should read this (from Congressman J. Polis)
http://i.imgur.com/B4v7Uxv.png

 

[ElCubano]

He also didn't touch a internet stock back in that bubble. While he missed the upside he didn't get clobbered.

Anyone who would disown a grandchild for having spoken her opinion is an IDIOT.