Published: Thu, May 10, 2018
Money | By Michele Stevens

Bitcoin falls after billionaires Bill Gates and Warren Buffett say this

Bitcoin falls after billionaires Bill Gates and Warren Buffett say this

What Buffett means is that if you purchase bitcoin, you will never be able to produce anything of value from it.

While calling himself a Buffett "disciple", Palihapitiya told CNBC that Buffett is wrong about bitcoin. "It's kind of a pure "greater fool theory" type of investment", Gates commented. Cryptocurrency traders are buying coins with an expectation that market speculations will allow them to sell these coins to another person at the higher price.

Weekly Kier Group plc (LON:KIE) Ratings as of April 26, 2018
On Wednesday, November 15 the stock of Card Factory PLC (LON:CARD) has "Buy" rating given by Peel Hunt. Seaport Global maintained it with "Buy" rating and $7.0 target in Wednesday, January 17 report.

"Finally, when queried about his opinion of Goldman Sachs" decision to launch a trading desk later this year, Munger said that he didn't expect every investment bank to agree with his own thoughts.

On the subject of ICOs, he considers them to be speculations of a insane variety. For a day, the value of "digital gold" fell by 9% after a sharp statement by the head of Microsoft on CNBC to bitcoin. However, Warren Buffett believes the entire space is one big sham and not worth all the hype. After a long list of negative criticisms leveled at the number cryptocurrency by Buffet, this is the latest. Though it is clear that Bitcoin differs from traditional investments and it acts differently, according to crypto supporters, it shouldn't be considered as a disadvantage of Bitcoin as it is done by many gurus of traditional investors. He also responded to a question from the audience about Bitcoin by saying that it and other cryptocurrencies "will come to bad endings". Buffett's "rat poison comment" is akin to Munger's "noxious poison" from earlier in the year.

Predators shut out Jets, force Game 7
His fourth goal of the playoffs was assisted by Roman Josi and Ryan Johansen and the Predators had an early one goal lead. Little's availability was in question after he was the lone member of the Jets to skip the morning skate.

All three men said the United States and China have common interests in working cooperatively on trade, despite discussions about tariffs on Chinese steel by the US government.

By design, Bitcoin price and other cryptocurrencies like it are very hard to anticipate in terms of value. Bill Gates said, "He would like to bet against bitcoin if he could". The continued expectation of regulation is also believed to have prevented bitcoin crossing the US$10,000 mark. A short is a way of making profit from the declining value of an asset.

Destiny 2: Warmind Brings New Maps, End-Game Content, & Ranked Play
For players seeking an extremely challenging experience, Warmind includes an all-new endgame activity called Escalation Protocol . Destiny 2's Warmind expansion has a May 8 release date, and will be available following a period of offline server maintenance.

Like this: