Warren Buffett: Bitcoin Is Pure FOMO

Re:Warren Buffett: Bitcoin Is Pure FOMO by otp124 on Wednesday December 27, 2017 @12:15PM (#16016175)

> Sending small to large quantities of wealth worldwide quasi instantly and with small fees does have a tremendous value. Ask families of immigrants.

I live in a foreign country, and I do pretty easily & regularly with TransferWise, with less fees than Bitcoin (another thread today mentioned $30 fee for $100 tx). Don’t see the value of bitcoin here.

> Buffet hasn’t even invested in digital tech stocks. IMO, even after all the huge respect he deserves, he doesn’t get this technology. Other than that, I don’t doubt that many current “investors” are only FOMO movers

Stop changing the goal posts. Bitcoin is not a tech stock. Originally, proponents called BTC a currency, and now they call it a store of value. That’s what Buffet was commenting on with his analogy.

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Re:Warren Buffett: Bitcoin Is Pure FOMO by juanmirocks on Wednesday December 27, 2017 @02:22PM (#16017189)

Answering you here but answering many too. I don’t mean BTC in particular, I mean cryptocurrencies in general. Yes, BTC and ETH currently are suffering slow downs. These both assets and many more will overcome those challenges. The tech is relatively in its infancy.

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Re:Warren Buffett: Bitcoin Is Pure FOMO by otp124 on Wednesday December 27, 2017 @04:44PM (#16018302)

This literally didn’t address any of my replies.

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