Is Bitcoin a Scam that Depends on Greater Fools?
Warren Buffett has recently come out with some more negative comments about cryptocurrencies, claiming that they're not useful and depend on a greater fool to sell them to.
Since many might interpret this kind of critique as akin to labelling Bitcoin a scam or ponzi scheme, I thought it would be worth addressing that directly.
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▶️ 3Speak
Really, Warren Buffet and others got bailed out in the 2007/2008 crisis by the tax payers. In essence, they should be bankrupt!
When the system cashes, they would like a another FIAT system to play the same game again - money for nothing.
If Bitcoin confirms to its mandate, that it is never producing more coins of 21 million ( I think) , then that will be a digital asset/currency of the future.
Debating whether holding 32 eth or 1 BTC is a better idea
Pump it up to 100k so I can dump it on the greater fool an buy it cheaper and do it all again 😂😂😂😂
Hard to tell because no one can tell the future. If the internet is purposely shut down during a financial crisis, the utilitarian value of cryptos like BTC will not be realized.
everyone with his own opinion concerning cryptocurrencies,but as for me i do not agree that bitcoin is a scam or those who invest or buy it are fools or been fooled,i see bitcoin just like every other financial markets that gets its price from speculations from other investors and users...
Posted via Steemleo
warren buffet is a man i respect so much but that do not mean he will always be right 100% of the time,i disagree with him this time around,yeah he only expressed his dislike for cryptocurrencies but that does not make cryptos like bitcoin a scam...
Posted via Steemleo
I don't get how Buffet thinks...
Why isn't any currency a scam then? Any commodity?
Saying bitcoin has no use is weird. It definitely has at least some use, even or someone that doesn't dig deep.