WARNING !! Don't Hear Warren Buffett's advice

You do not have to follow Warren Buffett's advice - Warren Buffet is undoubtedly one of the most successful investors in the world. He also happens to be a cryptocurrency vocal critic. Recently, he mentioned bitcoin as a 'rat poison.' However, even with all his success, it may not be a good idea to take his advice on cryptocurrency. Here are 3 reasons why his advice about cryptos may be counterproductive to your long-term growth.

1. The global economy will change
   Warren Buffet has always stated that he does not invest in technology companies. However, if you look at the global economy, it is clear that technology is restructuring the workings of the global economy. The type of company you will invest in following the Buffet perspective is being replaced by a technology company. We have seen Uber disturb what is considered a stable industry (tax hailing industry). We have also seen companies like Amazon use technology to disrupt the entire retail industry.
   Amazon has killed the globally famous retail giant, to become a close monopoly in retail. Blockchain and cryptocurrency technologies are on the verge of disrupting the banking sector. We recently noticed a $ 99 million transaction sent in Litecoin, costing $ 0.40 and in about 2 and a half minutes. There are no existing banks that can match that. The bottom line here is that the global economy is changing and what makes people like Warren Buffet, probably no longer working in the new economy. All industries are killed by new technology companies. Thus, by listening to people like Buffett, you may be left behind when the digital economy changes how wealth is made.

2. He has also missed many opportunities
   While Buffett has made an investment decision that makes him extraordinarily rich, it is important to remember that he has lost some investments that will make him richer. For example, if he invests in companies like Google, Facebook and Amazon, he will make more than what he does, in some companies he invests, in the same period.
   Thus, by following his advice on bitcoin and cryptocurrency, you may also miss opportunities that are potentially life-changing. Just to give you a context about it, imagine someone following Buffett's suggestion and giving crypto in January 2017. Such a person will miss some of the big gains when bitcoin rises from $ 1000 to $ 20,000. No stock will give you back like that.

3. Buffet has a scale advantage
   Let's face it, part of the reason why Buffet is so rich is because it invests in billions. If you have $ 10 billion to invest, only one percent move in the market will make you have serious cash. The same can not be said about someone who puts $ 10,000 in the stock market. A potential return can not sustain your life in any meaningful way. You'd be better off investing in high-risk investments like cryptocurrency, but with the potential to change your life forever. It's easier to turn $ 10,000 into a million dollars with cryptos than invest in stocks.