iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Buffett on Cryptos: “I Can Say With Certainty, They Will Come to a Bad Ending”

Olde man Buffett out this afternoon talking extremely greasy about cryptos, saying he’d buy 5 year puts in all of the cryptos. Then in the very next sentence admitted to knowing nothing about them.

In other words, Buffett had so many flavors to choose from, yet he chose salt.

Juxtapose this against a private crypto chat room that I was just in; and I admit that the people trading cryptos are fucking animals, but the fervor is real. I haven’t the slightest clue when this will end, but for the sake of making an investment in a group of cryptos I am interested in, I hope it ends soon and washes them out CLEAN.

I am focused on storage, an industry this private chat room didn’t like — which makes it all the more interested. On a whole, they’re mostly trading out of emotion, just like many of you — and do little to no research, instead relying on gut instincts and banal data points. It’s humorous actually, in an end of the world as we know it sort of way.

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10 comments

  1. Cricket

    I can say with certainty that the US Dollar will come to a bad end. I just can’t say when.

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  2. fryguy15

    https://www.technologyreview.com/s/609650/in-the-world-of-cryptocurrencies-somethings-gotta-give-in-2018/

    MIT – Unless some big problems with blockchain technologies are solved, the hype that defined 2017 could quickly evaporate.

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  3. sarcrilege

    How old is that Buffett guy anyway? Prolly old enough to wear a diaper already. Let’s just cut him some slack FFS. His Dependz was wet.

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    • fryguy15

      Not cool, man. One day, you too will lose your marbles and shit your pants at the same time.

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  4. active shooter

    MIT…….what do they know?

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    • fryguy15

      bunch of dumb shits over there.

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    • Cricket

      MIT: Manipal Institute of Technology, Est 1957, Manipal India.

      Notable graduates:

      Satya Nadella, CEO of Microsoft.
      Rajeev Suri, CEO of Nokia
      Anant J Talaulicar, President and CEO, Cummins India Ltd

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  5. Aanallein

    Opened up a tiny position in MAID at your reminder and booked profits on VRC today. Looking to ETC & EOS to follow ETH.

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  6. zeena

    Dr. Fly!!!
    I am not trading out of emotion!! I just bought XNET (with a very tight stop) because you did. Up 57% in a few days. Sold for the win!!!! lol sanks <3

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  7. caerus

    I bet he will not be alive anymore in 5 years.

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