Popular Post Neeranam Posted February 17, 2022 Popular Post Share Posted February 17, 2022 https://finance.yahoo.com/news/warren-buffett-just-invested-1-163230481.html 1 3 Link to comment Share on other sites More sharing options...
Lacessit Posted February 17, 2022 Share Posted February 17, 2022 Buffett is a value investor. He looks at the business fundamentals, and whether the business management is competent and honest. He may disdain bitcoin and crypto, but he has also invested in airlines, which I would not touch with a barge pole. Especially now. 2 Link to comment Share on other sites More sharing options...
Popular Post Airalee Posted February 17, 2022 Popular Post Share Posted February 17, 2022 Buffet has no interest in Bitcoin or any other cryptocurrencies. He has referred to it as gambling. https://www.cnbc.com/2019/05/04/warren-buffett-says-bitcoin-is-a-gambling-device-with-a-lot-of-frauds-connected-with-it.html Buffet bought into the casino. “During a gold rush, sell shovels” https://medium.com/@transitprotocol/business-modelling-why-selling-shovels-during-a-gold-rush-is-the-surest-way-to-make-money-8fdf41f5bc1b And it was Munger who called it “rat poison”….and worse. https://fortune.com/2022/02/17/charlie-munger-calls-crypto-venereal-disease-bitcoin-warren-buffett-nubank/ 7 Link to comment Share on other sites More sharing options...
Popular Post lkn Posted February 17, 2022 Popular Post Share Posted February 17, 2022 19 minutes ago, Airalee said: https://fortune.com/2022/02/17/charlie-munger-calls-crypto-venereal-disease-bitcoin-warren-buffett-nubank/ As always with OP, there might be smoke but no fire: The bank’s main trade is credit and debit services, Nubank also runs an investment platform called NuInvest, which allows users to invest money in a Bitcoin-backed exchange-traded fund (ETF). However […] the company’s prospectus doesn’t mention revenues or products built on cryptocurrency So basically the bank allows customers to pay them in fiat to buy Bitcoin certificates that can probably only be traded back for fiat on the NuInvest platform, again paying a fee to the bank in fiat… 7 Link to comment Share on other sites More sharing options...
Popular Post dj230 Posted February 17, 2022 Popular Post Share Posted February 17, 2022 (edited) " Nubank is a Brazilian neobank and the largest financial technology bank in Latin America. Its headquarters are located in São Paulo, Brazil. The company also has engineering offices in Berlin, Germany,[1] Buenos Aires, Argentina, and an office in Mexico City, Mexico. Among the company's products are NuConta (a digital account), an international credit card, both without fees,[2][3] personal loans, life insurance and investments. The company's differentiating factor is to offer a credit card which is controlled completely through the means of a mobile app. The app allows its users to track transactions in real time, block their respective credit card, apply for a limit raise and contact customer support." So its just an online bank... Edited February 17, 2022 by dj230 3 Link to comment Share on other sites More sharing options...
bendejo Posted February 17, 2022 Share Posted February 17, 2022 Sounds like BH is still believing in the BRICS hype of 20 years ago. I always saw it as a joke. Buffett has always touted the long-term strategy, but this looks like a timed investment: my guess is they see some kind of economic healing on the horizon, which means a growth spurt. As always, it's going to be a matter of when to get out. From things heard in recent years I don't know if Buffett is as involved in the fund as he was in days or yore. Argentina? I wouldn't dare. They borrow billions, those is power steal it, the people get pushed deeper into to poverty and those running the gov't plead for the loans to be forgiven. When there is no foreign entity to bilk they'll steal from one pocket and stash it in the other. I was last there around ten years ago when the exchange rate with USD was 4 pesos to $1. Just checked the rates, today it's 104:1. 2 Link to comment Share on other sites More sharing options...
Jingthing Posted February 17, 2022 Share Posted February 17, 2022 The premise of this topic is very deceptive. The investment is in getting unbanked people banked. 2 Link to comment Share on other sites More sharing options...
Popular Post shdmn Posted February 17, 2022 Popular Post Share Posted February 17, 2022 (edited) As if expats constantly whining about all things Thailand wasn't enough, now TV is turning into a moonboy forum full of crypto pumpers. ???????? Edited February 17, 2022 by shdmn 5 Link to comment Share on other sites More sharing options...
Popular Post Myran Posted February 19, 2022 Popular Post Share Posted February 19, 2022 Holy <deleted>, when will the crypto-spamming stop? 2 1 1 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 12 minutes ago, Myran said: Holy <deleted>, when will the crypto-spamming stop? Spamming? What are you talking about? 1 1 Link to comment Share on other sites More sharing options...
itsari Posted February 19, 2022 Share Posted February 19, 2022 On 2/18/2022 at 12:12 AM, Lacessit said: Buffett is a value investor. He looks at the business fundamentals, and whether the business management is competent and honest. He may disdain bitcoin and crypto, but he has also invested in airlines, which I would not touch with a barge pole. Especially now. Investors like Buffet do not go with the flow . That is the secret of there success Airlines is a good example as you mentioned . Link to comment Share on other sites More sharing options...
Popular Post BangkokHank Posted February 19, 2022 Popular Post Share Posted February 19, 2022 Cryptocurrency Is a Giant Ponzi Scheme https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization 2 2 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 2 minutes ago, BangkokHank said: Cryptocurrency Is a Giant Ponzi Scheme https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization Can I ask your motive for posting this? 1 Link to comment Share on other sites More sharing options...
Popular Post BangkokHank Posted February 19, 2022 Popular Post Share Posted February 19, 2022 3 minutes ago, Neeranam said: Can I ask your motive for posting this? To provide another perspective on the topic. 6 1 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 2 minutes ago, BangkokHank said: To provide another perspective on the topic. Do you actually believe what you posted? Link to comment Share on other sites More sharing options...
vinci Posted February 19, 2022 Share Posted February 19, 2022 Bitcoin is a scam and he's trying to pull a fast one 2 1 Link to comment Share on other sites More sharing options...
Jingthing Posted February 19, 2022 Share Posted February 19, 2022 Just now, vinci said: Bitcoin is a scam and he's trying to pull a fast one He didn't actually invest in it. 1 1 Link to comment Share on other sites More sharing options...
itsari Posted February 19, 2022 Share Posted February 19, 2022 45 minutes ago, Myran said: Holy <deleted>, when will the crypto-spamming stop? Spamming is indiscriminate messaging . I do not consider this post indiscriminate . 1 Link to comment Share on other sites More sharing options...
tomazbodner Posted February 19, 2022 Share Posted February 19, 2022 Warren Buffett... This is what he said about airlines: The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down. -- Warren Buffett, in the 2007 Berkshire Hathaway shareholder letter He should have really listened to himself sometimes: https://nymag.com/intelligencer/2020/05/warren-buffett-should-have-listened-to-himself-on-airlines.html We might just see a similar article about his Bitcoin investments one day, perhaps not too far away. 1 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 He and his fellow dinosaur buddy know the future of cryptocurrency adoption but their egos are two big to admit they were wrong and missed the boat. Due to their lack of integrity, they are, they try to hide what they are doing by investing indirectly in the space, and pulling $3 billion out of tradition finance. Munger ever said he was proud not to have invested in Bitcoin Link to comment Share on other sites More sharing options...
Popular Post jerrymahoney Posted February 19, 2022 Popular Post Share Posted February 19, 2022 I take no position yea or nay on Bitcoin but when I read topic headings likeSiam Commercial Bank moving into Crypto, why aren't you? the phrase Pump & Dump comes into mind. 4 1 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 4 minutes ago, jerrymahoney said: I take no position yea or nay on Bitcoin but when I read topic headings likeSiam Commercial Bank moving into Crypto, why aren't you? the phrase Pump & Dump comes into mind. Many here seem to think you have to be either 'for' or 'against' crypto, which you don't. Why do you think pump and dump? Do you think SCB are pumping and dumping? That thread was a fair question to put to investors; when large banks and billionaires are investing in crypto, why are you not. Sadly, some seem to hate crypto so much , they take this kinda question personally. 1 Link to comment Share on other sites More sharing options...
Popular Post jerrymahoney Posted February 19, 2022 Popular Post Share Posted February 19, 2022 (edited) 4 minutes ago, Neeranam said: Do you think SCB are pumping and dumping? You were the one who posted that topic with the Why-Aren't-You? Are you doing this as a community service? Edited February 19, 2022 by jerrymahoney 1 1 2 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 1 minute ago, jerrymahoney said: You were the one who posted that topic with the Why-Aren't-You? Are you doing this a community service? So you think "I" did a pump and dump? Do you really think I am that influential? Absurd. If it had been "Warren Buffet buying gold, why aren't you?" would that also be a pump and dump in your mind, or is it only crypto you are sensitive about? Link to comment Share on other sites More sharing options...
jerrymahoney Posted February 19, 2022 Share Posted February 19, 2022 6 minutes ago, Neeranam said: So you think "I" did a pump and dump? Do you really think I am that influential? Absurd. If it had been "Warren Buffet buying gold, why aren't you?" would that also be a pump and dump in your mind, or is it only crypto you are sensitive about? At least as far as this AN/TV goes, you certainly are on the Pump. 1 1 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 (edited) 3 minutes ago, jerrymahoney said: At least as far as this AN/TV goes, you certainly are on the Pump. Are you really suggesting that I am taking advantage of this forum to cheat the members out of money by pumping and dumping cryptocurrency? Frankly, I find that insulting, and absurd. The only reason I posted that thread about SCB is to point out to everyone what is going on in Thailand regarding the future of the financial world. I have absolutely no interest in gaining anything myself. Edited February 19, 2022 by Neeranam Link to comment Share on other sites More sharing options...
jerrymahoney Posted February 19, 2022 Share Posted February 19, 2022 (edited) 8 minutes ago, Neeranam said: Are you really suggesting that I am taking advantage of this forum to cheat the members out of money by pumping and dumping cryptocurrency? I am suggesting you are taking a very one-sided approach such as your Why aren't you? and your asking on another post of a contrarian position Can I ask your motive for posting this? Edited February 19, 2022 by jerrymahoney 1 1 Link to comment Share on other sites More sharing options...
Neeranam Posted February 19, 2022 Author Share Posted February 19, 2022 2 minutes ago, jerrymahoney said: I am suggesting you are taking a very one-sided approach such as your Why aren't you? and your asking on another post of a contrarian position Can I ask your motive for posting this? You are NOT suggesting such a thing, you were accusing me of pumping and dumping. The purpose of this forum to discuss ideas. I want discussion, certainly not flames, which is against forum rules. Link to comment Share on other sites More sharing options...
jerrymahoney Posted February 19, 2022 Share Posted February 19, 2022 (edited) 23 minutes ago, Neeranam said: You are NOT suggesting such a thing, you were accusing me of pumping and dumping. The purpose of this forum to discuss ideas. I want discussion, certainly not flames, which is against forum rules. This is what I said: "I take no position yea or nay on Bitcoin but when I read topic headings like Siam Commercial Bank moving into Crypto, why aren't you? the phrase Pump & Dump comes into mind." My gmail account spam filter almost every has "Why aren't you in Bitcoin?" spam. Edited February 19, 2022 by jerrymahoney 1 1 Link to comment Share on other sites More sharing options...
Popular Post BangkokHank Posted February 19, 2022 Popular Post Share Posted February 19, 2022 3 hours ago, Neeranam said: Do you actually believe what you posted? Well, it does provide a VERY plausible explanation for what I suspected anyway - that Bitcoin is a scam. I personally cannot see any intrinsic value in cryptocurrencies (although I can see a lot of value in the technology behind cryptocurrencies - the blockchain). Sure, some people have made a lot of money off of cryptocurrencies so far. But that's how it always goes with scams: The original investors do well, luring in suckers later, and then they collapse. So I will never buy Bitcoin - or any other cryptocurrency. Worst-case scenario, I will miss out on the investment opportunity of a lifetime. But I have missed MANY great investing opportunities (Apple, Amazon, Facebook, Google, etc.), and yet I have still managed to do OK for myself. I can forgive myself for missing opportunities, because there will be another one around the corner - and I'll still have my money to invest in it. What I would not be able to forgive myself for is investing in what to me is an obvious scam. 4 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now