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SVTPerformance's Chain of Restaurants
Road Side Pub
Bitcoin not for Warren Buffet
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<blockquote data-quote="quad" data-source="post: 16416387" data-attributes="member: 17952"><p>Can you post that video of Buffet where it shows his understanding of blockchains / cryptos? And apparently he does have cryptos. Tron CEO Justin Sun gifted him a few million dollars worth of Tron and Bitcoin on Samsung phones.</p><p></p><p>[MEDIA=twitter]1225416921912401920[/MEDIA]</p><p></p><p>The benefit of cryptocurrencies is that you can send an amount to someone on the other side of the world for smaller fees than traditional fiat transactions. You don't have to wait for the bank to be open. Fiat currencies are printed by governments and will inflate drastically over time - all of them.</p><p></p><p><rant>In my opinion governments are there to serve the people. They are our employees. I think they need to be slapped down a few pegs since they have become too big for their shoes. They will speak when asked to speak otherwise they will keep their traps shut!</rant></p><p></p><p></p><p>True lol! 2017 was the worse time to get into it at the peak. I know people that bought Bitcoin at $18,000-$19,000!</p><p></p><p>However since 2009 it is up around 10,853,487.5% based on today's price.</p><p></p><p><span style="font-size: 18px"><strong>Bitcoin Price History</strong></span></p><p><a href="https://www.investopedia.com/news/how-bitcoin-works/" target="_blank">Bitcoin</a> has had a very volatile trading history since it was first created in 2009. The digital <a href="https://www.investopedia.com/terms/c/cryptocurrency.asp" target="_blank">cryptocurrency</a> has seen a lot of action in its fairly short life. Bitcoins initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a bitcoin went from around $0.0008 to $0.08 for a single coin.1 The currency has seen some major rallies and crashes since then.</p><p></p><p><a href="https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp" target="_blank">Bitcoin's Price History</a></p><p></p><p>I agree it's a gamble and you should be prepared to lose all the money you "invested" into it. I would not advise anyone getting into this unless they are prepared to lose it all.</p><p></p><p>I see it as a hedge against inflation but also a gamble - like the stock market.</p></blockquote><p></p>
[QUOTE="quad, post: 16416387, member: 17952"] Can you post that video of Buffet where it shows his understanding of blockchains / cryptos? And apparently he does have cryptos. Tron CEO Justin Sun gifted him a few million dollars worth of Tron and Bitcoin on Samsung phones. [MEDIA=twitter]1225416921912401920[/MEDIA] The benefit of cryptocurrencies is that you can send an amount to someone on the other side of the world for smaller fees than traditional fiat transactions. You don't have to wait for the bank to be open. Fiat currencies are printed by governments and will inflate drastically over time - all of them. <rant>In my opinion governments are there to serve the people. They are our employees. I think they need to be slapped down a few pegs since they have become too big for their shoes. They will speak when asked to speak otherwise they will keep their traps shut!</rant> True lol! 2017 was the worse time to get into it at the peak. I know people that bought Bitcoin at $18,000-$19,000! However since 2009 it is up around 10,853,487.5% based on today's price. [size=5][b]Bitcoin Price History[/b][/size] [URL='https://www.investopedia.com/news/how-bitcoin-works/']Bitcoin[/URL] has had a very volatile trading history since it was first created in 2009. The digital [URL='https://www.investopedia.com/terms/c/cryptocurrency.asp']cryptocurrency[/URL] has seen a lot of action in its fairly short life. Bitcoins initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a bitcoin went from around $0.0008 to $0.08 for a single coin.1 The currency has seen some major rallies and crashes since then. [URL="https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp"]Bitcoin's Price History[/URL] I agree it's a gamble and you should be prepared to lose all the money you "invested" into it. I would not advise anyone getting into this unless they are prepared to lose it all. I see it as a hedge against inflation but also a gamble - like the stock market. [/QUOTE]
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Bitcoin not for Warren Buffet
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