I'm giving up on crypto

Kenny West

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Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”

Looks like it's time to buy.
This was my first thought.

Been waiting on the weak minded to begin capulating
 

RageKage

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Pretty sure he’s the one that said crypto is bullshyt :patrice:

Indeed,

Some notable quotes

Years ago, he noted that bitcoin is “probably rat poison squared” and an unproductive asset with “no unique value.”

In 2018, he commented that Berkshire Hathaway will “never have a position in [cryptocurrencies].”

“Whether it goes up or down in the next year, or 5 or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t multiply, it doesn’t produce anything,” he said. “It’s got a magic to it, and people have attached magic to lots of things.”

But Buffett said he wouldn’t do the same for Bitcoin, despite its current valuation of $38,000 per coin. He described his views as “the difference between productive assets and something that depends on the next guy paying you more than the last guy got.”




You know what he does like, ketchup. Things people want and need to buy. Beer as another example.

 

karim

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Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”

Looks like it's time to buy.
Low interest rates and the resulting asset inflation where the context in which crypto blew up. Those times are over. Just buying the dip isn't a smart strategy, you should also analyse your potential investments and the market.
 
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