👴 👴🏻Old Farts Heavily Invested In Fiat Are Spreading FUD Yet Again
Bill Gates, Warren Buffet and Charlie Munger are at it again. These massive people of wealth are yet again talking trash about bitcoin simply because maybe they missed out and are trying to protect their fiat currency? I believe so.
From this interview on the "Squawk Box" there where a few one liners that really floored me as to why these people think this way.
Now take into consideration large investors such as these guys are currently locked out of buying bitcoin simply because it is not regulated. Those with large wealth actually are somewhat controlled as to where and how much money they can invest somewhere by governments to help reduce crashes and panic.
Bill Gate "I agree I would short it if there was an easy way to do it" Well there is people short it all the time lol but like I said these large investors are blocked on certain actions. He also said he was given bitcoin once for his birthday and then a few years later sold it. Most likely for a very large profit or is pissed now cuz he sold it to soon.
Warren Buffett always calls bitcoin rat poison. Could this be because hes missed the ball and its really starting to eat away at his fiat profits?
Here is the part that really floors me though, for how "smart" he thinks he is about making money the core underlying "value" he seems to totally miss the ball on.
Buffett has always been a bear on bitcoin saying that it is like gold where both assets are strictly speculative and do not produce "earnings" such as stock dividends do.
Did he miss the memo where paper fiat is also extremely speculative and no longer is even back buy gold or really anything for that matter and that governments can keep printing more and more however they see fit?
You see the "value" of any fiat or currency is that it has NO value until the point of transaction or sale. The only time it has value is when you exchange it for something in which both parties agree on. So if people want to use bitcoin well then shit its got value just like your fiat does Warren HELLOOOOOOOO
The market may have taken a bit of a hit from this but it seriously to me seems like a total FUD tactic on this one as prices where starting to soar again. Lets not forget these guys have been totally wrong about bitcoin for years now. Saying back in 2014 (4 years ago when the value was about $200 a coin) that it was a "mirage" that must be one hell of a mirage that is above $9,000 today.
So what should you take away from this?
To me banks and people with large sums of fiat are fighting bitcoin and other cryptocurrency because simply put these people holding on to massive fiat are starting to lose their power and buying power. This should instead empower all of us to keep pushing back even harder and crush this 1% and start spreading wealth to more. There is literally no reason for a few people to hold on to 90% of the worlds money and keep resources from others in desperate need of them.
Get out there and stick it to them steemians!
*Image pulled from https://www.happyvideonetwork.com/warren-buffett-bill-gates-on-success/
I'll just leave this here for anyone interested in finding out how dirty Buffet is: https://www.cnbc.com/id/40276100
@bitcoinflood I do not think Warren Buffet is talking about anything he does not understand; I think, he is trying to look likes that.
Really they want to change economic into his way. They are doing everything against of the system current, of the cryptocurrency.
They are primarily spreading awareness every time they bring it up.
Any publicity is good publicity.
Just like when those who owned horse stables talked down about the dirty car and its inability to drive on crappy roads made for horses.
The superior solution will always win out with time and awareness.
Warren Buffet famously said, "Never invest in something you don't understand". He should broaden that to say, "Never talk about something you don't understand."
Clearly Mr. Buffet doesn't undertstand crypto. He admitted as much. So why is he commenting on on the topic?
He is losing his mind in his old age. He is way to focused on politics these days.
He's ideas on traditional investments are still sound and using Property and Causality insurance companies as free leverage is amazing. He just needs to return to his roots find the next See's Candy type company and avoid talking about things he does not understand.
Agreed.
it's absolutetly obvius.
If you dont understand it, you can't take good décisions
Or maybe he DOES understand about cryptos, and thats why hes saying so much bullshit
That’s possible.
A good point, when I hear these guys talk I seriously get flash backs from senate asking zuckerberg about Facebook lol they seriously have no clue!
Exactly. They’re holding on to an obsolete system. It’s time to let go.
Don't mind him, his time is almost up, let's see what happens after that.
"Don't tell me what you think. Tell me whats in your portfolio."
I bet they're just trying to lower the price to get a better entry point!
If I had a tiny bit as much fiat as they have I would be fudding Crypto to pieces myself everywhere! haha. A few months from now you will hear the news about how they bought billions during the dips and diversified their investments, just like Mark Cuban and George Soros. These Billionaires are getting predictable, they are looking to scare the noob crowds.
Its always the same, some time ago the Chinese played that game, now its the US big investors who are doing the same thing..
Bill Gates is the billionaire tech geek who did not see the internet coming until after Netsape started eating his lunch. Warren Buffet is the old-school billionaire and old fashioned investors who has no interest in technology. https://steemit.com/warren/@coreychambers/warren-buffett-on-buying-bitcoin-that-is-not-investing
I am not bothered by that, cryptocurrency is the future, the younger generation, except ZUCKERBERG is heavily into crypto and if you look at our share number, i simply think it is a matter of time before we take over from the old cargos. There is strength 💪 in number you know. Thank you for sharing this useful information.
Investing in crypto is not like investing in a company with earnings and dividends. It is an investment into a future with more transparency, (hopefully) more fairness to all of people on earth, and less fees. Mr. Buffet does not seem to take this into account.
Hi @bitcoinflood,
I don't like new farts, but old farts.. Even worse are farts still deeply invested in FIAT still. I could be wrong. Hm. Yes. But. Can I introduce you to www.mapofcoins.com?
Are we really so decentralized?
No, I am not a bot.
Thanks for a great post (upvoted).
Oh, and Gill Bates might responsible for killing millions with his evil vaccineprograms.
Feel free to drop by @tom-zen for some enlightning and/or inspirational posts.
In - joy - your - day