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.
🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:
https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
🧠 Want to get smart about crypto investing? Download my brain here:
https://louisthomas.co.uk/download-my-brain/
▶️ 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.
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.