11-19-2018, 09:10 AM
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#38
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Colonel
Drives: Built not Bought 04 Z4 VF
Join Date: Feb 2013
Location: Kitchener Ontario Canada
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Thanks for your opinion
Duly noted.
Quote:
Originally Posted by BayMoWe335
You shouldn’t use the term “crypto/blockchain” as they are not interchangeable terms.
Buffett buys companies that produce something, so being greedy when others are fearful only applies to non speculative, asset producing companies in Buffett’s world.
He’s called Bitcoin Rat Poison squared and his partner, Charlie Munger, originally called it rat poison.
The technology underneath Bitcoin is another story, but the companies leading that are doing a lot of other things, like IBM.
Bitcoin is worthless artificial gold and even real gold is a terrible investment. Pure greater fool speculation.
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