Warren Buffet’s Opinion on Bitcoin

in #bitcoin7 years ago

Warren Buffet the third richest person in the world has long been a skeptical of Bitcoin.

He told Yahoo Finance on Saturday, "If you buy something like bitcoin or some cryptocurrency, you don't really have anything that has produced anything. You're just hoping the next guy pays more.”

He continues on to say this.

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So according to Dictionary.com here is the definition of a gamble

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Take notice of the second definition. “Take risky action in the hope of a desired result.”

So with this definition I can say the stock market is a gamble because it can crash tomorrow. I can also say that about real estate. What if something was to happen?

Now if we talk about normal gambling at a casino there is a chance to lose you are praying you luck holds. Bitcoin on the other hand has gone up. The 9 years Bitcoin has been in existence there has been bull markets and bear markets.

What do you think? I think Bitcoin isn’t a gamble. It needs smart investor and mass adoption.

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"Some even have working websites".
The best shit I've seen in months.

The rich elite have a little game of manipulation going on: they bad mouth Crypto and discourage others from buying. They promote selling it so that they can come in and buy it on the cheap. That is how the game is rigged in their favour!

When your rich everything is in your favor.

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Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteemYou got a 71.43% upvote from @proffit courtesy of @cryptojiang!