Live Stream of Warren Buffet's Berkshire Hathaway Investor meeting annual conference "Woodstock for Capitalists" attracting 40,000 people to Omaha Nebraska!
https://finance.yahoo.com/brklivestream/
here is the livestream! (even works on chromecast!)
Warren Buffet may be a globalist according to some, but when you look at his skill for making money with wise investing he is a legend and an oracle and he is the best at what he does!
And he still doesnt even use smartphones! He has an ipad but only because someone gave him one!
Buffet stated recently how he gets more pleasure from giving money away to those who can actually use it unlike himself beause he is old now and values time more than money ! he has no point for any more cash, another house, a big boat, he cares now more about proving to the world how AMAZING and powerful America is! And how America still is the best place to invest on earth!
We all need to work on helping cryptocurrency and blockchain services become easier for the average person like bitcoin wallet apps and services like coinbase and bitcoin ATMs have done for the movement!
This IS a movement! And the goal will become fully automated luxury capitalism!
(Chart of Warren Buffets holdings! His Berkshire Hathaway owns large shares of many major billion dollar companies!)
We need to remember that through finance we can actually allow everyone to live like a millionaire!
This is not a zero sum game! We can ALL be rich! Look at the world in 1800...look at how "poor" even the most rich lived 200 years ago! Even if you were the richest man on earth in 1800 without technology or medicine what could you buy wit your money? Land ? Slaves? Opium? Seriously, a poor person has a better life now than the richest person on earth 200 years ago! And today technology has allowed more people than ever to live in relative EXTREME luxury compared to any other time in history that we know of!
Bitcoin and altcoins and blockchain services and systems will grow like the dot com buble grew but without a huge crash! The tech bubble never really did fizzle out because we are ALL still using the internet and computers more than ever! We are STILL using the same technology developed in the 90s! Its just faster and better now but you can bet everything you own that people will be using bitcoin forever now! Just like how Youtube videos will be stored forever now...or how your gmail account will save everything for all eternity from this point out...Bitcoin is here to stay and it is going to be outpaced by other crypto currencies!
We will very soon be running out of bitcoins to mine! You better bet tat will make altcoin demand go up like crazy!
STEEM ATMs will be neeed or special apps to allow peopel to convert STEEM directly to fiat money they can transfer to their bank accounts (before coinbase simply ads steem!)
But really, we need to take all the lessons from warren buffet and the fact that he makes you SEE how big the global economy is and how much opportunity there will ALWAYS be to turn $1 into 1 million!
And for many of us....cryptocurrency is the next sooonest chance to make that type of 1 million fold increase possible! (remember bitcoin has gone up over 1 million percent since its beginning at less than a fraction of a penny to now being over $1500)
Buffet claims he barely does any hard work and just sits around and makes money with minimal labor but he DOES add value by finding undervalued companies!
Well if you want undervalued crypto currencies then you need some ALtcoins like Ripple, Stellar, STEEM etc and the other total of 11 crypto currencies that have outperformed bitcoin over last few months!
NOW Warren bufffet doesnt believe in bitcoin and he has paid for his mistake! he could have made WAY more than ANY of his investments if he had bought just 1 billion in bitcoin before 2010, and honestly 1 billion in bitcoin would allow warren buffet to become the first trillionaire! But remember that Warren Buffet ADMITTED he doesnt understand technology and doesnt even use a smartphone! "those are too smart for me" so honestly...warren buffet was WRONG about his view on bitcoin! it DOES have an intrinsic value wether he likes it or not!
if he would have bought some bitcoin he would have actually posted decent earnings! he is slipping in his old age like how he lost money on his terrible IBM investment!
Its ok....as much as I respect him I really feel he represents the old guard and once him and these baby boomers are all finally dead then generation X can finally have a chance!
This quote really makes me mad! One could say the same thing about his worthless paper stock shares of his company berkshire hathaway! All of his investments are denominated in the worthless paper fiat US dollar that REALY has no intrinsic value AT ALL while at least BITCOIN has a MATHEMATICAL value of encryption and finite supply! And CPU power is needed to CREATE these bitcoins and that costs MONEY or CAPITAL!
So remember, Buffet himself admits he is just good at investing and our amazing capitalist american system allows him to become rich from what he oes....and that he doesnt actually know much about technology or retail etc! So dont listen to him when it comes to bitcoin since he ADMITS he knows nothing about tech!
Bitcoin has even SURPASSED Berkkshire Hathaway as an investment !
yet people listen to him and believe that if Buffet doesnt believe bitcoin has value then it must not have value!
Maybe he is artificially trying to keep bitcoin price low by rejecting it n public! Its gone up so much i cant see buffet NOT buying some!
HERE iis what OTHER billionaires think about bitcoin! Smart tech savvy billionaires!
and bill gates!
So lets hope more and more people see bitcoin as a safe secure way to keep money without a bank! And we MUST start brainstorming sessions here on steemit using comments and we NEED to start incubating ideas and raising steempower to fund programmers to build new blockchain services! Steem itself is a user friendly way for ANYONE to get into crypto currency! Imagine when we have a STEEM atm in every major US city! Maybe we can get Buffet to invest in STEEM and STEEMIT!