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[aryan4]

Charlie Munger (Berkshire Hathaway chairman) continues his anti-Bitcoin rhetoric.
Stating that he has negative thoughts about Bitcoin's volatility, Munger reports that this is a serious problem.
---- "For me, Bitcoin cannot be used as a medium of exchange because it is too volatile." ----
Another statement is: --- "We will not invest in Bitcoin in the footsteps of Tesla." ---
What do you think about these views?

 

[Rollerkid]

I think they have their clear reasons for their decision they still stand on and maybe no one can convince them to buy bitcoin accept they change their mind and buy it willingly.

 

[Ewogboka]

Every commodity is volatile it all depends on the buying and selling rate, that is what Charlie Munger failed to take into consideration.

 

[Wisdom01]

Even currencies are volatile and could devalue at any time , i dont really know why he feels like that , i think he just needs to make more reseaech on the importance of bitcoin

 

[Josemendez]

Charlie Munger (Berkshire Hathaway chairman) continues his anti-Bitcoin rhetoric.
Stating that he has negative thoughts about Bitcoin's volatility, Munger reports that this is a serious problem.
---- "For me, Bitcoin cannot be used as a medium of exchange because it is too volatile." ----
Another statement is: --- "We will not invest in Bitcoin in the footsteps of Tesla." ---
What do you think about these views?

I believe his reasons is quite reasonable . Bitcoin should be better be seen as an asset rather than a medium of exchange . Tesla is actually having issues with their investment

 

[Niftyicon]

Investing in bitcoin shouldn't be a copy cat act. The investor has to be convinced that it is the appropriate investment to venture into for himself before anything else. This means that each individual has his own perspective on every investment tool, bitcoin inclusive.

 

[achawaskey]

The point is that is not everybody that can do a particular business, maybe they are not interested in bitcoin, I see nothing wrong with that. But let them maintain their stand.

 

[Ewogboka]

People that has not invested in Crypto currencies continuously criticise either because they have lost the opportunity to invest earlier or they are scared.

 

[crypworld]

Well, according to many people, bitcoin is just a virtual coin and they just can't digest the fact it is being traded and used has a payment method.

Either they change their attitude for good or get left behind.

 

[Josemendez]

People that has not invested in Crypto currencies continuously criticise either because they have lost the opportunity to invest earlier or they are scared.

I think it is more of being deformed . When one has the right knowledge about cryptocurrency , he won't really be scared of investing into it

 

[Ewogboka]

I think it is more of being deformed . When one has the right knowledge about cryptocurrency , he won't really be scared of investing into it

This is applicable to people that have been following the trend of so many coins so they can give you the history and how and when to invest.

 

[Josemendez]

This is applicable to people that have been following the trend of so many coins so they can give you the history and how and when to invest.

Sure ,but we can also make use of the available cryptocurrency exchange site news to educate ourselves ,and prepare for the trading

 

[Ewogboka]

Sure ,but we can also make use of the available cryptocurrency exchange site news to educate ourselves ,and prepare for the trading

In fact all these news involving Crypto currencies like individuals buying Crypto currencies, companies accepting it are all trading and investment signals.

 

[Josemendez]

In fact all these news involving Crypto currencies like individuals buying Crypto currencies, companies accepting it are all trading and investment signals.

Yeah. If one can follow the news and information , do his own research as well , he will surely be able to benefit from it in the long run