Getbig Main Boards > Gossip & Opinions
Bitcoins - about to hit $5,000 per coin today!
dunkin donuts:
so, what's getbig's bitcoin forecast? is it heading to 50k sooner than 10k?
IroNat:
Warren Buffett believes crypto 'will come to a very bad ending'
https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html
“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.
“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”
Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.
Called the "greater fool theory".
Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.
It's been done with various things over the years including tulips.
gib:
--- Quote from: IroNat on March 30, 2023, 03:48:05 AM ---
It's been done with various things over the years including tulips.
--- End quote ---
...and gold. Only Bitcoin of course has properties far superior to gold...
affeman:
--- Quote from: gib on March 30, 2023, 04:09:57 AM ---...and gold. Only Bitcoin of course has properties far superior to gold...
--- End quote ---
Like what? lol
Flexacon:
--- Quote from: affeman on March 30, 2023, 04:28:27 AM ---Like what? lol
--- End quote ---
You get to feel what it's like to be in a cult
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