If Bitcoin does not reach $500.000 by the end of 2020, I will eat my d*** on national television.
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Bitcoin has been used to move around a fair amount of money illegally. The logical move from the introduction of bitcoin is to go short suitcases because the money that was taken in suitcases from one country to another - suitcases will probably fall off in d...
It draws in a lot of charlatans who are trying to create various sorts of exchanges or whatever it may be. It's something where people who are of less than stellar character see an opportunity to clip people who are trying to get rich because their neighbor's...
I get in enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don't know anything about? We don't have to know what cocoa beans are gonna do, or cryptocurrencies, we just have to foc...
You're going to be a lot better off owning productive assets over the next 50 years than you will be owning pieces of paper or bitcoin.
It will feed on itself for a while and sometimes for a long while and sometimes to extraordinary numbers. But they come to bad endings and cryptocurrencies will come to bad endings.
A rising price does create more buyers and people think 'I've gotta get in on this' and it's better if they don't understand it. If you don't understand it you get much more excited than if you understand it.
It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. It is not a durable means of exchange, it's not a store of value. It's been a very speculative kind of Buck Rogers-type thing and peopl...
It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes...
Probably rat poison squared.
In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending. If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth.
If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you an...
It's ingenious and blockchain is important but bitcoin has no unique value at all, it doesn't produce anything. You can stare at it all day and no little bitcoins come our or anything like that. It's a delusion basically.