White House: Biden Will Veto Bitcoin Legislation

[wxytrader]

Having to do with Bitcoin being anti-inflationary. It's only anti-inflationary if it has limited supply but if there are close substitutes to it then it doesn't have limited supply anymore does it?

??? lol. So is gold worthless because of fools gold, and silver, and bronze, and copper????

There are only 21M bitcoin available. There is no substitute.

Ok so you admit it's not a good store of value then or has stability of value even if its value can go up and down by 50%+ in just a few years. See you have no concept of what a currency's supposed to be like or let alone a legal tender that an entire country of people need to depend on for their livelihood or even a reserve currency that an entire world of people use to run their lives. Like I said before, Bitcoin just like any crypto's, is just another tradable commodity that you play with to get rich if you are lucky.

A store of value means if you store something you will get your value back at least....maybe factoring in free risk whatever. If you stored your value in bitcoin for the last 10 years versus gold, you would probably have a golden toilet versus having your money go down the toilet.

 

[Frederick Foresight]

He does admit its a 2008.haha

We could all have one if it was prudent.Its not an out of this world claim.

The fact that he earned it in a single trade would be worthy of a call out but,again,this wouldnt be a wild claim.

It's not a wild claim, but he keeps claiming it when he runs out of things to say. Time to show his cards.

 

[semperfrosty]

And my point is that he's arguably as sharp today as he was when he started. And he thinks crypto is...well, you fill in the blank.

If I was a billionaire from traditional finance I wouldnt bother with crypto either.Why reinvent the wheel.

The fact is you and I arent worth even a small piece of tyre tread on Warren Buffets wheel.

Again,listen to what he(and everyone/anyone)says but make sure youre not making decisions for yourself based on what he does.

Also,I can guarantee you that Warren Buffet and co had their 'Bitcoin Moment' in their careers.

 

[Frederick Foresight]

If I was a billionaire from traditional finance I wouldnt bother with crypto either.Why reinvent the wheel.

The fact is you and I arent worth even a small piece of tyre tread on Warren Buffets wheel.

Again,listen to what he(and everyone/anyone)says but make sure youre not making decisions for yourself based on what he does.

Also,I can guarantee you that Warren Buffet and co had their 'Bitcoin Moment' in their careers.

And remember, he's the value investor.

See, that's the point. Buffett is the guy who sniffs out value. That's his thing and has always been his thing. He sees what many others do not. The crypto bros are shouting "value" from the rooftops but Buffett doesn't hear any of it. None. He may not always be right, but his steadfastness regarding crypto, against the background of his value approach and his performance over a period of generations, should at least give you pause.

And so, I'll take my cue from guys like Buffett on value rather than crypto bros:

 

[wxytrader]

He does admit its a 2008.haha

We could all have one if it was prudent.Its not an out of this world claim.

The fact that he earned it in a single trade would be worthy of a call out but,again,this wouldnt be a wild claim.

But he's still doing what he does and what he has always done from the get-go. So what's your point?

Didn't he make the bulk of his money selling insurance on Berkshire? Plus he apparently collected 6B in dividends each year. He was not a trader by any stretch of the imagination...nor did he capitalize on new tech...just stayed the course with what he understood.

 

[Frederick Foresight]

He was not a trader by any stretch of the imagination

He's an investor and never claimed to be anything else, as far as I know. He's in whatever he's in for the long term. He doesn't see crypto as meeting that criteria. You guys are all about HODLing an "asset" he considers to be worthless. He's smarter than you are.

 

[wxytrader]

See, that's the point. Buffett is the guy who sniffs out value. That's his thing and has always been his thing. He sees what many others do not. The crypto bros are shouting "value" from the rooftops but Buffett doesn't hear any of it. None. He may not always be right, but his steadfastness regarding crypto, against the background of his value approach and his performance over a period of generations, should at least give you pause.

And so, I'll take my cue from guys like Buffett on value rather than crypto bros:

If I wanted to know how to value a blue collar company then I might ask buffet. Other than that he is clueless to TA, and crypto or anything post industrial era. Buffet is a value investor. If he was smart he would have added crypto to his portfolio like Tesla did...but instead he chose to keep hurling insults at it because he couldn't understand it. It just goes to show you, you don't have to be smart to make money in stocks...just staying the course is usually enough.

 

[Frederick Foresight]

He doesn't understand crypto lol or sees it as a threat. Same with Charlie. It was disgusting how they tried to use scare tactics to persuade people against buying it. If I wanted to know how to value a blue collar company then I might ask buffet. Other than that he is clueless to TA, and crypto or anything post industrial era.

*Yawn*

Proof of "2008 Lambo?"

 

[wxytrader]

*Yawn*

Proof of "2008 Lambo?"

What if I sent a picture of me, and then a picture of my gf?

 

[Frederick Foresight]

What if I sent a picture of me, and then a picture of my gf?

Depends. How much did you pay for her?

But let's just stick to the "2008 Lambo," shall we?