Investing

Irrelevant old buffett calling end of cryptos

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  • Feb 26th, 2018 10:31 pm
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ruchir wrote:
Feb 13th, 2018 3:59 pm
This just reminds me of the guy on radio that sells his magical 'day-trading' platform that will make people rich. People dream while he gets rich.
Or fortune tellers who can't share some sure-flying investment tips.

They will always say they weren't given that gift to enrich themselves.

Who visits there? Most likely people who have marital / extra-marital and financial problems.
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A $10,000 investment would have bought 808 shares of Berkshire Hathaway in 1964 and worth $237 Million today.

Pretty good for 'irrelevant' Mr. Buffett. Let's see if any cryptocoin is worth even a tiny fraction of that 54 years later.

The only thing irrelevant here is the OP and their investing track record.
Last edited by eonibm on Feb 14th, 2018 2:29 am, edited 1 time in total.
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his buddy bill gates is pretty bullish on btc

it seems like finance guys hate it while tech guys love it. Billionaires in both sides
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eonibm wrote:
Feb 14th, 2018 2:29 am
A $10,000 investment would have bought 808 shares of Berkshire Hathaway in 1964 and worth $237 Million today.

Pretty good for 'irrelevant' Mr. Buffett. Let's see if any cryptocoin is worth even a tiny fraction of that 54 years later.

The only thing irrelevant here is the OP and their investing track record.
Your post is irrelevant. If you invested 10,000 in Bitcoin in 2010 you would be worth $238,000,000 today. But if this were December 2017 if would be worth $495,000,000.

How bout' them apples?
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samin62 wrote:
Feb 14th, 2018 7:07 pm
his buddy bill gates is pretty bullish on btc

it seems like finance guys hate it while tech guys love it. Billionaires in both sides
This is what Gates had to say about Bitcoin in 2015:

"There’s a lot that Bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But Bitcoin won’t be the dominant system. When you talk about a domestic economy, [you must have] the idea of attributed transactions, where if you sent it to the wrong person you can actually get the transaction reversed. [And a traditional system] doesn’t have this huge fluctuation where the value of your account is going up and down by a factor of two. We need things that draw on the revolution of Bitcoin, but Bitcoin alone is not good enough."

https://medium.com/backchannel/bill-gat ... 7f35c8a110

Here's what Cuban has to say:

"That's why Cuban says that, if you bet on bitcoin, "you've got to pretend you've already lost your money. … It's a flyer, but I'd limit it to 10 percent.""
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officerjimlahey31 wrote:
Feb 15th, 2018 10:26 am
This is what Gates had to say about Bitcoin in 2015:

"There’s a lot that Bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But Bitcoin won’t be the dominant system. When you talk about a domestic economy, [you must have] the idea of attributed transactions, where if you sent it to the wrong person you can actually get the transaction reversed. [And a traditional system] doesn’t have this huge fluctuation where the value of your account is going up and down by a factor of two. We need things that draw on the revolution of Bitcoin, but Bitcoin alone is not good enough."

https://medium.com/backchannel/bill-gat ... 7f35c8a110

Here's what Cuban has to say:

"That's why Cuban says that, if you bet on bitcoin, "you've got to pretend you've already lost your money. … It's a flyer, but I'd limit it to 10 percent.""
so bitcoin needs to keep innovating and creating solution to problems, also volatile while it is doing so. what else is new?
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samin62 wrote:
Feb 15th, 2018 9:34 pm
so bitcoin needs to keep innovating and creating solution to problems, also volatile while it is doing so. what else is new?
Gates was bullish on bitcoin how?

There are plenty of lies and half truths you tell eachother.
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Frank2029 wrote:
Feb 14th, 2018 11:45 pm
Your post is irrelevant. If you invested 10,000 in Bitcoin in 2010 you would be worth $238,000,000 today. But if this were December 2017 if would be worth $495,000,000.

How bout' them apples?
Have the major BTC holders cashed out or are they holding on to BTC for further appreciation?
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Frank2029 wrote:
Feb 14th, 2018 11:45 pm
Your post is irrelevant. If you invested 10,000 in Bitcoin in 2010 you would be worth $238,000,000 today. But if this were December 2017 if would be worth $495,000,000.

How bout' them apples?
Um, ya and what it would be worth 54 years later? Got ya!!!

Even so, what you woefully don't have the intelligence to grasp is risk-adjusted returns. SAD! (as Trump would say...)
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Sep 24, 2017
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warren buffet can say this because he is a HNI, i certainly am not
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eonibm wrote:
Feb 15th, 2018 11:04 pm
Um, ya and what it would be worth 54 years later? Got ya!!!

Even so, what you woefully don't have the intelligence to grasp is risk-adjusted returns. SAD! (as Trump would say...)
Got me how exactly?? You can't predict the future. No one back then knew Berkshire Hathaway was going to be worth so much, as with any company. Lol I do understand risk management. And I can risk money in crypto because my 6 figure salary allows me to ;) Good luck on your 4% mutual fund.
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Frank2029 wrote:
Feb 16th, 2018 9:51 am
Got me how exactly?? You can't predict the future. No one back then knew Berkshire Hathaway was going to be worth so much, as with any company. Lol I do understand risk management. And I can risk money in crypto because my 6 figure salary allows me to ;) Good luck on your 4% mutual fund.
Risking money in crypto is fine. Shilling lies and half truths is not. Not accusing you specifically.
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officerjimlahey31 wrote:
Feb 16th, 2018 10:12 am
Risking money in crypto is fine. Shilling lies and half truths is not. Not accusing you specifically.
Then who? Specifically....

What half lie has been said?

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