Warren Buffett says he wouldn't pay $25 for all the bitcoin in the world

[Mike Huntertz]

Another huge loss for bitcoin last night. In 2 weeks bitcoin won't even exist anymore.

Two weeks from now of two weeks from next decade???

[themike78]

Two weeks from now of two weeks from next decade???

Yes 2 weeks from now. It will be on Friday May 20th at 10:37 a.m eastern time.

[Mike Huntertz]

Yes 2 weeks from now. It will be on Friday May 20th at 10:37 a.m eastern time.

You seem quite sure.....let's make a wager okay? If it's not you stop posting about BTC.
If it is zero I will praise you and your clairvoyance every day.

[RoyBacon]

Another huge loss for bitcoin last night. In 2 weeks bitcoin won't even exist anymore.

LOL...ok.

The same was said about the internet once upon a time. In fact, some of the same people.

BTC will be fine. The great short is in the secondary digital assets. Gravity will suck the players into BTC and the others will play a very limited speculative role.

BTC will work higher. It may touch $10k before $100k but its headed to $100k.

[themike78]

LOL...ok.

The same was said about the internet once upon a time. In fact, some of the same people.

BTC will be fine. The great short is in the secondary digital assets. Gravity will suck the players into BTC and the others will play a very limited speculative role.

BTC will work higher. It may touch $10k before $100k but its headed to $100k.

Never 100k. People have been saying that for 10 years now. Bitcoin reached its peak at 60,000. It will never get any higher than that. It will only go lower until it reaches zero.

[Mike Huntertz]

Never 100k. People have been saying that for 10 years now. Bitcoin reached its peak at 60,000. It will never get any higher than that. It will only go lower until it reaches zero.

....in two weeks, correct?

[themike78]

You seem quite sure.....let's make a wager okay? If it's not you stop posting about BTC.
If it is zero I will praise you and your clairvoyance every day.

I could never stop posting about bitcoin. Too many people here rely on my expert advice when it comes to crypto.

[ericc]

[RoyBacon]

Never 100k. People have been saying that for 10 years now. Bitcoin reached its peak at 60,000. It will never get any higher than that. It will only go lower until it reaches zero.

I bought my first BTC at $85 and folks said it would never hit $100.

I really never thought it would get to $5000. So I sold..damit.

But what I did not forsee was the hedge it plays vs weak currencies. Not just the obvious ones like Venezuela, Russia, China but dam near most the world.

Even Mexico has seen the peso drop by 90%+ in my lifetime. BTC is a safe haven from sovereign currencies that are underwater with debt and actually have a negative intrinsic value. Hence; you will see $100k in the next couple of years.

[MinnesotaFats]

What do Bill Gates, Mark Zuckerberg,, David Murdock, Steve Jobs and Michael Dell have in common? They don't have college degrees.

12 US Presidents have no degree

26 have only undergraduate

[raiders72001]

12 US Presidents have no degree

26 have only undergraduate

College a huge waste of time and money for 95% of the people. Trade schools are important.

[Fishhead]

College a huge waste of time and money for 95% of the people. Trade schools are important.

[Fishhead]

Never 100k. People have been saying that for 10 years now. Bitcoin reached its peak at 60,000. It will never get any higher than that. It will only go lower until it reaches zero.

I would love to bet you $10,000 it hits 100,000 before ZERO..........if neither happens within 3 years, bet cancelled.

I would even lay 15,000 to your 10,000 with the wager.

[RoyBacon]

I would love to bet you $10,000 it hits 100,000 before ZERO..........if neither happens within 3 years, bet cancelled.

I would even lay 15,000 to your 10,000 with the wager.

lol. I'd slap 10x's that down too. I'd even say $100k before $100. Give the counter party a chance.

I would agree it's commercial value as far as everyday transactions is a long time off. But gold has no real commercial transactional value either.

If sovereign issued money had any real value besides "full faith" one could make a better argument against BTC.

It can even be described as an optical illusion. The value of fiat currency will continue to erode making it seem like BTC is going higher. No different than gold which was trading at $25 an ounce in 1960. The value of gold has not changed for 4000 years but the currencies have.

[Fishhead]

lol. I'd slap 10x's that down too. I'd even say $100k before $100. Give the counter party a chance.

I would agree it's commercial value as far as everyday transactions is a long time off. But gold has no real commercial transactional value either.

If sovereign issued money had any real value besides "full faith" one could make a better argument against BTC.

It can even be described as an optical illusion. The value of fiat currency will continue to erode making it seem like BTC is going higher. No different than gold which was trading at $25 an ounce in 1960. The value of gold has not changed for 4000 years but the currencies have.

The last 20-22 years GOLD has outperformed stocks......even with dividends reinvested.

GOLD underrated

[dlowilly]

Never 100k. People have been saying that for 10 years now. Bitcoin reached its peak at 60,000. It will never get any higher than that. It will only go lower until it reaches zero.

I think you mean 67,500

[Mike Huntertz]

I could never stop posting about bitcoin. Too many people here rely on my expert advice when it comes to crypto.

Any insights on the Easter Bunny, Santa or gawd?
Your fiction makes me laugh. Keep it coming. lol

[themike78]

Any insights on the Easter Bunny, Santa or gawd?
Your fiction makes me laugh. Keep it coming. lol

Well I do know the Easter Bunny is real because I met him. I know God is real. Santa I'm unsure about.

[themike78]

I would love to bet you $10,000 it hits 100,000 before ZERO..........if neither happens within 3 years, bet cancelled.

I would even lay 15,000 to your 10,000 with the wager.

I would definitely bet $20,000 it doesn't reach 100,000 in 3 years. I could be wrong about it hitting zero, however I know it will never come close to 100,000.

[Greget]

What do Bill Gates, Mark Zuckerberg,, David Murdock, Steve Jobs and Michael Dell have in common? They don't have college degrees.

What's your point? You aren't bill gates or any of those people. On average, people with college degrees make an average of 1 million more over their lifetimes. That's the key metric.. ON AVERAGE.

[Greget]

Using Bitcoin for international money transfers saves a normal person 4% to 5% in bank fees and forex premiums.

Being paid in US$ whilst living in a Euro currency country is just one example of a non-criminal usage that also solves a significant problem of banks parasiting off international commerce.

This is a fair argument. But it's not that banks couldn't reduce fees if they weren't so greedy. The technology to transfer money cheaply around the world exists, if it's bitcoin that help make banks more competitive, great. I wouldn't call this game changing to the vast majority of people, but ok, it's a good thing.

[wombat]

What's your point? You aren't bill gates or any of those people. On average, people with college degrees make an average of 1 million more over their lifetimes. That's the key metric.. ON AVERAGE.

Maybe 20 years ago but that's not the case anymore especially in the technology field. More companies are easing away from degree requirements and focusing more on skills.

I don't have a college degree yet I am in upper management for a large tech company. When I interview and hire for potential candidates, a degree is nice but I focus much more on what you can bring to the table in skills.

[raiders72001]

What's your point? You aren't bill gates or any of those people. On average, people with college degrees make an average of 1 million more over their lifetimes. That's the key metric.. ON AVERAGE.

Blockchain technology is going to get rid of a lot of paper pushers will college degrees. It's going to hurt a crooked banking system. Fudging numbers becomes impossible because blockchain transactions are immutable. Society becomes more productive when you cut out the fat.

[raiders72001]

The supply chain is becoming much more efficient and transparent because of blockchain technology. Future art work such as NFTs are verifiable. We don't need some type of expert to verify the authenticity.

Cryptos are banking the unbanked. Right now governments can freeze bank accounts any time they want. Bitcoin held in your wallet where you own the keys can't be controlled by any outside force.

[Greget]

Maybe 20 years ago but that's not the case anymore especially in the technology field. More companies are easing away from degree requirements and focusing more on skills.

I don't have a college degree yet I am in upper management for a large tech company. When I interview and hire for potential candidates, a degree is nice but I focus much more on what you can bring to the table in skills.

You're just wrong buddy. It's gone up more. And it's hard to imagine any company would put someone like you in charge of anything, to be honest. You're too lazy to google the most basic of concepts before spouting off.


According to a new report from the Georgetown University Center on Education and the Workforce (CEW), adults with a bachelor’s degree earn an average of $2.8 million during their careers, $1.2 million more than the median for workers with a high school diploma.

[Greget]

Blockchain technology is going to get rid of a lot of paper pushers will college degrees. It's going to hurt a crooked banking system. Fudging numbers becomes impossible because blockchain transactions are immutable. Society becomes more productive when you cut out the fat.

A lot of vague generalities with zero examples or evidence. I see you've got a big chip on your shoulder and a big ego, both of which will make things much harder when realty starts setting in and you're left with fake coins and a rooster in your hand, with the rest of us laughing at you from our rear view mirror.

[wombat]

You're just wrong buddy. It's gone up more. And it's hard to imagine any company would put someone like you in charge of anything, to be honest. You're too lazy to google the most basic of concepts before spouting off.


According to a new report from the Georgetown University Center on Education and the Workforce (CEW), adults with a bachelor’s degree earn an average of $2.8 million during their careers, $1.2 million more than the median for workers with a high school diploma.

Just like you, your report is outdated and comes from a college. Of course they are going to boast their numbers because they want people to still go to college.

That report doesn't account for people with technical certifications and within the technology field, those are more important than a degree. I have several people on my team that have nothing but a high school diploma but with several technical certifications and making over 120k a year. Way more than someone with a bachelor's degree and no certs.

Your thinking is antiquated and doesn't apply to today's world.

[raiders72001]

A lot of vague generalities with zero examples or evidence. I see you've got a big chip on your shoulder and a big ego, both of which will make things much harder when realty starts setting in and you're left with fake coins and a rooster in your hand, with the rest of us laughing at you from our rear view mirror.

Even though you have a college education, you're functionally illiterate.

[Greget]

Just like you, your report is outdated and comes from a college. Of course they are going to boast their numbers because they want people to still go to college.

That report doesn't account for people with technical certifications and within the technology field, those are more important than a degree. I have several people on my team that have nothing but a high school diploma but with several technical certifications and making over 120k a year. Way more than someone with a bachelor's degree and no certs.

Your thinking is antiquated and doesn't apply to today's world.

Study is from 2021, and yes most studies come from universities and colleges. You didn't read the study, you have no clue whats in it. So because you know someone with a high school diploma that makes 120k, you know no one with a bachelors can make that..

You're a goofball.

[Greget]

Even though you have a college education, you're functionally illiterate.

Next time, look up the meaning of a term prior to using it and embarrassing yourself.

[rkelly110]

Gregy with the smack down!

[raiders72001]

Synonyms & Near Synonyms for functionally illiterate -

brainless,
dumb,
idiotic
(also idiotical),
imbecile
(or imbecilic),
moronic,
stupid,
witless

https://www.merriam-webster.com/thesaurus/functionally%20illiterate

[jjgold]

coins dead

he is right

[floridagolfer]

This is a fair argument. But it's not that banks couldn't reduce fees if they weren't so greedy. The technology to transfer money cheaply around the world exists, if it's bitcoin that help make banks more competitive, great. I wouldn't call this game changing to the vast majority of people, but ok, it's a good thing.

No one has ever satisfactorily explained to me why I need bitcoin. How do I benefit? What can I do with bitcoin that I can't do other ways? How many people have a need to transfer money to the other side of the world (for legal transactions)? Not many. As far as I can tell, I have no need for it; I'm with Buffet on this until someone demonstrates otherwise.

[raiders72001]

No one has ever satisfactorily explained to me why I need bitcoin. How do I benefit? What can I do with bitcoin that I can't do other ways? How many people have a need to transfer money to the other side of the world (for legal transactions)? Not many. As far as I can tell, I have no need for it; I'm with Buffet on this until someone demonstrates otherwise.

I found out about bitcoin in 2011. It didn't matter what anyone told me, I thought it was useless. Then I bought bitcoin in 2013 and started to realize the benefits. No one is going to change your mind, as no one could change my mine, unless you start using bitcoin. After that point, you become open to the benefits.