Nice post with lots of information about Bitcoin.

Yes, Bitcoin is in a bubble. A bubble develops when people are buying something expecting the price to rise and that activity drives the price beyond what is justified by any rational valuation.

It's hard to tell how much Bitcoin is overvalued, drastically superior 2nd generation cryptos could also be undervalued, even severely undervalued. Either way, there's far too much risk holding Bitcoin, when either its price needs to correct downward, much of the rest of the market needs to correct upward, or both.

Hey ,
Thanks for the great content

He is saying that for years...

Isn't this the same rhetoric these guys have been spouting for years?, wonder how many years bitcoin has to consecutively increase before they change their tune?

he is not in it,,,,  Yet !  Lol

he is not in it,,,,  Yet !  Lol

All his holdings in Berkshire are denoted in government currencies so the relative value of his holdings has dropped relative to those holding digital currencies, so of course, he doesn't like it.

Thanks for this post. And for the irrelevant dinosaur assclowns like buffett and diman: No one gives a crap what you think discredited banking fraudsters

Great post as usual! Would like to hear your idea on using Ledger Nano S to navigate through the Bitcoin forks.

Great post as usual! Would like to hear your idea on using Ledger Nano S to navigate through the Bitcoin forks.

my positive view is... if bitcoin is a bubble==>in water/coca cola/beer etc, a bubbel goes up==> so bitcoin goes up.... So for me, bitcoin is a bubble. (just another point of view) ;-)
<center>![bubble.gif](https://steemitimages.com/DQmbhW6Fvs3ZDjo42Qs2crdPCSCw9pob8KjYJkY5vKqScmA/bubble.gif)</center>

Buffett has always made it clear that he will steer clear of investing in anything he doesn't understand. He didn't invest in Amazon for that reason and look at Jeff Bezos now. I wouldn't pay Warren too much attention if he doesn't know a lot about the industry/ company but I would pay special attention when he does. In the case of Bitcoin you can disregard what he says. He said himself he doesn't understand the value of it. He didn't of Amazon either.

He has been through many bubbles

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Isn't everything in a bubble right now?

I love Buffet and I think he is really smart, but i'm sure that he can't understand bitcoin that why he said that, if you look at gold marketcap its almost $7 trillion and bitcoin is barely $99 billion, this marketcap is lower than some Brazilian banks. So in my oppinion there is no bubble in bitcoin rigth now.

Warren has seen it all int the financial markets many times but I don't think that qualifies buffet is a tech expert.  Peter Thiel knows his way around Tech.
I do think that there are plenty of Alt coins are going to zero